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Biden economic policy: raise taxes, increase inflation, go further into debt

United States Inflation Biden Stagflation

winteryknight.com

I decided to do a round-up of articles from a variety of conservative news sources showing the effects of Biden economic policy. I hope everyone is making plans to deal with the coming catastrophe. It is a mistake to elect people who are focused on global warming, same-sex marriage, and gr00ming children for the benefit of their pedo constituents.  We really need to vote them out in 2022.

First, Daily Wire reports on a study that shows the likely effects of Biden’s Increase Inflation Act:

The Democrat-supported “Inflation Reduction Act of 2022” could lead to a slight increase in inflation over the next two years if it’s passed and signed into law, according to a Penn Wharton study released Friday.

[…]The Democrat spending package… would be the largest legislative climate investment the U.S. has ever made at $369 billion. The bill would also raise taxes on billion-dollar businesses and extend Affordable Care Act subsidies.

The bill has the support of Democrat senator Joe Manchin, who has suddenly become supportive of global warming alarmism and raising taxes.

The American Spectator has more about the tax increases:

The act would raise an estimated $739 billion through tax increases and heightened IRS scrutiny to then invest $306 billion in “deficit reduction” and $369 billion in “energy security and climate change” to “reduce carbon emissions by roughly 40 percent by 2030.” If ever there were a proposal that failed out the gate, this is one.

The Biden administration seeded this inflation with massive spending premised on COVID-19 relief that was filled with political pork.

They created the inflation crisis with C0VID stimulus spending, so that they could pass a bill to get what they really wanted: global warming regulations and taxes. That will just raise the price of electricity and gas even more.

More:

…those inflationary policies that even funded social justice art projects take food off the American table. Fertilizer prices have tripled in less than two years, drought threatens both global and local food supplies, and disruptions in supply chains threaten scarcity for much more than baby formula. Ground beef increased 36 percent in price in one year…

All this at a time when more and more Americans are living from paycheck to paycheck.

The Daily Caller reports:

The number of Americans living paycheck-to-paycheck was up 5.5% in June from a year prior as fully 61% of Americans now devote nearly all of their salaries to expenses with little or nothing left over at the end of the month, according to LendingClub’s report. Americans’ purchasing power has declined in recent months as inflation has outpaced wage increases, making it more difficult to afford normal budgets, the report concluded.

What are the long-run consequences of more federal spending? A ballooning national debt.

The Federalist explains:

This budget bill, even if enacted and implemented as Democrats claim, would reduce the cumulative deficits over the next three decades to “only” $114.1 trillion. In other words, it would allegedly reduce our collective deficit by a currently estimated 0.3 percent.

[…]The $114 trillion figure comes from a new report by the Congressional Budget Office (CBO) regarding the nation’s long-term budget outlook.

[…]CBO estimates deficits will go from 3.9 percent of GDP in the fiscal year ending Sept. 30 to 11.1 percent of GDP by 2052. Multiplying CBO’s estimated annual deficits as a percentage of the economy by their estimates of GDP in each year provides the $114 trillion figure for our cumulative deficits from now through 2052.

Most ominously, CBO believes that net interest costs will rise sharply, from 1.6 percent of GDP in the current fiscal year to 6.2 percent by 2052. Like a snowball rolling down the proverbial hill, or someone who keeps paying the minimum on his credit card, the debt we have accumulated will require more and more resources to fund every year. Moreover, this near quadrupling of federal interest costs as a percentage of our economy means paying down government debt will squeeze out private investment—making our economy permanently less productive and poorer.

That last part is the most alarming, especially to people with wives and children.

We have elections in November. It won’t be enough for you to vote against the Democrats. You should be sending everyone you know evidence of what is coming, so they can vote against Democrats, too. We are getting a taste of global warming socialism now. We can’t afford more of this.

https://winteryknight.com/2022/08/04/biden-economic-policy-raise-taxes-increase-inflation-go-further-into-debt/

China Threatens the U.S. After Call With Biden

townhall.com

Katie Pavlich

Source: AP Photo/Los Angeles Times, Jay L. Clendenin, Pool

President Joe Biden held a phone call with Chinese President Xi Jinping Thursday afternoon as the communist country continues demands for House Speaker Nancy Pelosi not to visit Taiwan in August. 

After the call, the Chinese Communist Party released a readout. It made clear Xi threatened the United States during the call with “fire.” 

Meanwhile, Biden’s version of the call was much more tame. 

“The call was a part of the Biden Administration’s efforts to maintain and deepen lines of communication between the United States and the PRC and responsibly manage our differences and work together where our interests align. The call follows the two leaders’ conversation on March 18th and a series of conversations between high-level U.S. and PRC officials,” the White House released in a statement. “The two presidents discussed a range of issues important to the bilateral relationship and other regional and global issues, and tasked their teams to continue following up on today’s conversation, in particular to address climate change and health security. On Taiwan, President Biden underscored that the United States policy has not changed and that the United States strongly opposes unilateral efforts to change the status quo or undermine peace and stability across the Taiwan Strait.”

Pelosi’s trip is still planned. Republicans are backing her up while the White House grovels to the CCP. 

https://townhall.com/tipsheet/katiepavlich/2022/07/28/china-threatens-the-us-after-call-with-biden-n2610949?__s=rywu744t64m6cfyyqkjk

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Fauci’s retirement pension will pay him more than Biden’s annual salary: report

Andrew Miller

A nonprofit transparency group is estimating that the first year of Dr. Anthony Fauci’s pension will amount to over $400,000 and top the annual salary that the President of the United States brings in.

A salary analysis conducted by Open The Books concluded that Fauci’s first year pension payout will total $414,000 which is more than the $400,000 brought in by the president.

Fauci recently suggested he will retire at the end of President Biden’s first term at which point he will have turned 85 years old and served as a federal employee for 59 years.

Open The Books analyzed Fauci’s salary, which is currently $480,654 per year but is expected to shoot to $530,000 by 2024, and factored in “conservative” pay bumps and annuities based on previous years to estimate his pension.

RAND PAUL SENDS MESSAGE TO FAUCI: YOU’LL HAVE TO TESTIFY UNDER OATH IF GOP WINS

Fauci at press conference

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a news conference in the James S. Brady Press Briefing Room  (Jim Lo Scalzo/EPA/Bloomberg via Getty Images / Getty Images)

Open The Books reported last year that Fauci is the highest paid federal employee in the United States and earns more than the president, every general in the military, and the country’s other 4.3 million federal employees.

“Dr. Fauci has been the highest-paid federal employee for years, and now we know that even in retirement his pay will be history-making,” OpenTheBooks.com Founder & CEO Adam Andrzejewski told Fox News Digital in a statement. “With the flexibility to spend his days as he wishes, Fauci will rake in more than the leader of the free world earns in a year. There’s seemingly no limit to the money taxpayers will have to spend on him in perpetuity.”

FAUCI ADMITS THAT COVID-19 VACCINES DO NOT PROTECT ‘OVERLY WELL’ AGAINST INFECTION

Fauci’s NIAID did not immediately respond to a request for comment from Fox News Digital.

Politico reported Monday that Fauci said he will retire by the end of Biden’s term following more than five decades of federal service under seven different presidential administrations. 

Fauci puts on mask during hearing

Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, lowers his face mask as he prepares to testify (Kevin Dietsch/Pool via AP / AP Images)

The 81-year-old has been director of the National Institute of Allergy and Infectious Diseases (NIAID) since 1984, Reuters reported. He became the face of the American government’s policies regarding efforts to mitigate the coronavirus pandemic in 2020.

Fauci has become one of the most controversial political figures in the country after advocating for strict lockdown measures during the coronavirus pandemic – a plan that has drawn the ire of conservatives who have accused him of inconsistent positions on issues like masking.

FAUCI MAKES ‘STARTLING ADMISSION’ THAT ‘WE’RE GOING TO BE LIVING WITH’ COVID FOR YEARS TO COME: POLITICO

Republican politicians, most notably Sen. Rand Paul, who is a medical doctor, have also criticized Fauci for his agency’s connection to taxpayer funds that supported gain-of-function research on bats infected with coronaviruses at a lab in Wuhan, China.

“Dr. Anthony Fauci has a good bedside manner with the public, but he has been wrong about everything I have interacted with him on,” former Trump trade adviser Dr. Peter Navarro said last year about his time in government with Fauci. 

Fauci responded this week to calls from Republicans in Congress to investigate his leadership and COVID-19 response should the GOP regain the majority in one or both houses come this year’s midterm elections. 

Biden and Fauci at press conference

Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases and Chief Medical Advisor to the President, speaks alongside U.S. President Joe Biden  (Photo by Anna Moneymaker/Getty Images / Getty Images)

“They’re going to try and come after me, anyway. I mean, probably less so if I’m not in the job,” Fauci said. “I don’t make that a consideration in my career decision.”

“I don’t think they can say anything about the science,” he added. “If that’s what you want to investigate, be my guest. My telling somebody that it’s important to follow fundamental good public health practices – what are you going to investigate about that?”

Fox News’ Danielle Wallace contributed to this report

https://www.foxbusiness.com/politics/faucis-retirement-pension-more-biden-salary?intcmp=tw_fnc

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Florida AG Moody urges Biden to declare fentanyl a weapon of mass destruction | Fox News

www.foxnews.com

Florida AG Moody urges Biden to declare fentanyl a weapon of mass destruction

Adam Shaw

7 – 8 minutes


NEWYou can now listen to Fox News articles!

EXCLUSIVE: Florida Attorney General Ashley Moody is calling for illicit fentanyl to be declared a weapon of mass destruction after two mass overdoses in her state — and amid an increase in overdoses attributed to the deadly drug.

Moody is urging President Biden to either use executive authority or urge Congress to declare fentanyl a WMD — a move that would require government agencies like the Department of Homeland Security, the Justice Department and the Pentagon to work together.

“Given how many Americans are being murdered, the whole federal government and every tactic and capability that we have should be utilized to stop the death and destruction that fentanyl is causing,” she says in a letter to Biden.

A weapon of mass destruction is defined by the U.S. government as a “nuclear, radiological, chemical, biological, or other device that is intended to harm a large number of people.” Moody’s office cited prior government assessments that fentanyl “is very likely a viable option for a chemical weapon attack.”

BIDEN, MEETING WITH MEXICAN PRESIDENT, URGES HELP FROM REGION TO STOP BORDER SMUGGLING

“Relying on non-state criminal actors and terrorist to think or act as expected is a losing proposition. The reality is that the deadliness of fentanyl combined with its sheer availability in Mexico to criminal cartels and non-state actors makes it an increasingly likely weapon for use,” Moody says in the letter.

Southern border seizures of the drug, which is 50-100 times more potent than morphine and can be fatal in tiny amounts, have soared in recent years. Customs and Border Protection (CBP) seized 10,586 pounds of the drug in FY 2021. That is up from 4,558 pounds seized in FY 2020 and 2,633 pounds seized in FY 2019.

While it is unclear how much fentanyl is getting into the U.S., since that number refers to apprehensions of the drug only, the number of deaths related to the drug is increasing. The Drug Enforcement Administration warned earlier this year of a “nationwide spike” in fentanyl-related overdoses. 

The agency cited Centers for Disease Control and Prevention statistics that, in a 12-month period ending in October, there were more than 105,000 drug overdoses, 66% of which were related to fentanyl and other synthetic opioids. Deaths often occur when a user does not realize they are ingesting fentanyl, which is laced in with other drugs.

Moody has been sounding the alarm about the fentanyl crisis in her state and urged President Biden to raise the issue with Mexican President Andres Manuel Lopez Obrador. The majority of fentanyl is produced in Mexico with Chinese precursors and smuggled in via the southern land border.

REPUBLICANS CALL FOR BIDEN TO PUSH MEXICAN PRESIDENT TO COMBAT FENTANYL SMUGGLING

She cited two recent mass overdose incidents in the states, including 19 overdoses in Gadsden County over Fourth of July weekend.

“Border Patrol has seized enough fentanyl to kill the entire American population many times over,” she said in a statement to Fox News Digital. “With that in mind and the recent mass overdose events in Hillsborough and Gadsden Counties, I am demanding President Biden classify illicit fentanyl as a Weapon of Mass Destruction.”

“The federal government already works to disrupt the supply chains of other chemical, biological, radiological or nuclear weapons—it’s not hard to imagine that similar tactics could be used to reduce the flow of illicit fentanyl into the U.S. through cartels in Mexico—and save countless American lives,” she said.

Moody says that securing the southern border would be a positive move to stop fentanyl smuggling, but that she does not hold out much hope the Biden administration will accomplish that.

“While there are many acts and steps that your administration could take, like stopping the overwhelming influx of illegal immigrants and further fortifying the southern border, I realize that your administration will not or is incapable of taking those actions,” she says in the letter.

Rep. Lance Gooden, R-Texas, had previously called for such a declaration, calling the substance “one of the most dangerous drugs responsible for creating a public health crisis in the United States.”

“It is vital the federal government takes immediate action to address the opioid epidemic and protect the American people by designating fentanyl as a [WMD],” he said.

Other Republicans had called for Biden to make it a top priority of his meeting with Mexican President Lopez Obrador.

TEXAS CONGRESSMAN CALLS FOR FENTANYL TO BE DECLARED A ‘WEAPON OF MASS DESTRUCTION’ 

The White House has pushed back against the Republican claims of inaction, pointing instead to a number of initiatives it has taken to tackle the opioid and fentanyl crisis, including investments in agencies for national drug control programs and $293 million for CBP to prevent fentanyl smuggling.

The White House has also successfully pushed the U.N. to ban precursor chemicals, and Biden himself issued two executive orders on the matter.

“In his first State of the Union, President Biden called on the Nation to come together and beat the opioid epidemic as part of his Unity Agenda. His National Drug Control Strategy is focused on going after the two key drivers of the crisis: untreated addiction and drug trafficking, which includes working with all our international partners to reduce the supply of illicit drugs,” Dr. Rahul Gupta, the Director of the White House Office of National Drug Control Policy, said in a statement to Fox last month. “And his budget request calls for a historic increase in funding for our Customs and Border Protection who risk their lives doing the hard work of securing our border every day. When issuing his Executive Order on sanctions, President Biden declared that international drug trafficking, including fentanyl and other synthetic opioids coming from Mexico, constitutes an extraordinary threat to the national security of the United States. And the President is addressing this crisis head on.”

Biden eventually did cite the fentanyl crisis in his public remarks alongside Lopez Obrador, saying the U.S. is “accelerating our efforts to disrupt the trafficking of fentanyl and other drugs, that are literally killing, fentanyl kills people.”

Biden also touted recent efforts by his administration to disrupt both human and drug smuggling, which he said resulted in 20,000 operations and more than 3,000 arrests in April.
 

Adam Shaw is a politics reporter for Fox News Digital, with a focus on immigration. He can be reached at adam.shaw2@fox.com or on Twitter: @AdamShawNY

https://www.foxnews.com/politics/florida-ag-moody-urges-biden-declare-fentanyl-weapon-mass-destruction?intcmp=tw_fnc

“This is terrible news for Biden: Whiton”

House Republicans demand Biden admin stop transporting illegal immigrants to get abortions

www.foxnews.com

Thomas Catenacci, Adam Shaw

A group of 22 House Republicans sent a letter Friday to the Biden administration, demanding answers on reports that federal agencies have transported illegal immigrants to receive abortions.

The coalition, led by Rep. Andy Biggs, R-Ariz., addressed the letter to Homeland Security (DHS) Secretary Alejandro Mayorkas and Health and Human Services (HHS) Secretary Xavier Becerra, noting recent media reports suggesting that the federal government has transported, via plane and car, minors from Texas shelters to abortion clinics in other states over the past nine months. 

White House officials are exploring policies that would grant abortion access to women and girls in immigration custody, Reuters reported earlier this month. 

OHIO 10-YEAR-OLD’S ALLEGED ILLEGAL IMMIGRANT RAPIST, 27, WAS LISTED AS MINOR IN ABORTIONIST’S REPORT TO STATE

“Your departments must immediately cease transporting illegal aliens to have abortions,” the GOP lawmakers wrote to Mayorkas and Becerra. “Abortion is not health care: it kills unborn children and harms their mothers. Federal taxpayer dollars should not be used to transport illegal aliens for abortions or otherwise facilitate abortions.

“Using federal resources to transport minors across state lines for abortions or otherwise providing or facilitating abortions for illegal aliens in DHS or HHS custody is unacceptable and must be stopped,” they added.

Rep. Andy Biggs, R-Ariz., speaks during a trip to the U.S.-Mexico border in Yuma, Arizona. (Rep. Andy Biggs)

Rep. Andy Biggs, R-Ariz., speaks during a trip to the U.S.-Mexico border in Yuma, Arizona. (Rep. Andy Biggs)

DHS officials have also prepared a memo in recent weeks informing immigration detention centers that women in their custody should be given access to abortion regardless of their location, according to internal documents obtained by The Wall Street Journal on July 12. 

HHS SECRETARY BECERRA: BIDEN ADMIN MAY ‘ASSIST’ TRANSPORTING WOMEN WANTING ABORTIONS ACROSS STATE LINES

“The Biden administration is now savagely transporting alien minors in federal custody to receive abortions,” Biggs told Fox News Digital in a statement. “This outrageous use of federal resources to transport minors across state lines for abortions or otherwise providing or facilitating abortions in DHS or HHS custody is a heinous act and must be stopped.

“Secretary Mayorkas and Secretary Becerra must immediately cease this conduct and provide us a thorough explanation of why this callous practice began in the first place,” he continued.

Biggs’ letter Friday listed a series of questions for both Becerra and Mayorkas. He and his fellow Republicans asked how many illegal immigrants the federal government has transported to receive abortions, how much the program is costing taxpayers and whether their agencies received parental consent before transporting girls for an abortion. 

Becerra remarked last month that HHS would examine every option at their disposal to ensure abortion access for all women. 

“Every option is on the table,” the health secretary said in an interview on June 28. “We will take a look at everything we can. And everything we do will be in compliance with the law.”

Becerra’s comments came days after the Supreme Court struck down the 1973 Roe v. Wade ruling, effectively sending regulating abortion to state legislatures.

On Thursday, Reps. Elise Stefanik, R-N.Y., and Buddy Carter, R-Ga., introduced the Defunding Abortion Transportation Act, which would prohibit federal agencies from funding abortion transportation services.

The DHS and HHS didn’t immediately respond to a request for comment.

Thomas Catenacci is a politics writer at Fox News Digital

https://www.foxnews.com/politics/house-republicans-demand-biden-admin-stop-transporting-illegal-immigrants-abortions?intcmp=tw_fnc

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White House claims Abbott causing border chaos, states should butt out of immigration

www.foxnews.com

Houston Keene

The White House claimed Republican Texas Gov. Greg Abbott is causing “chaos and confusion” at the border and that states should butt out of immigration.

White House press secretary Karine Jean-Pierre took questions in a short press conference ahead of President Biden’s Friday visit to the Central Intelligence Agency.

Jean-Pierre was asked by a reporter if the Biden administration had any plans for a legal response to Abbott’s executive order authorizing state law enforcement officials and the Texas National Guard to apprehend illegal immigrants and return them to the border.

“Immigration enforcement is a federal authority, and states should not be meddling in it,” the White House press secretary said.

TEXAS GOV. ABBOTT AUTHORIZES LAW ENFORCEMENT TO RETURN ILLEGAL IMMIGRANTS TO BORDER

White House press secretary Karine Jean-Pierre claimed Friday that Texas Gov. Greg Abbott was causing "chaos and confusion" at the southern border. 

White House press secretary Karine Jean-Pierre claimed Friday that Texas Gov. Greg Abbott was causing “chaos and confusion” at the southern border.  (AP Photo/Patrick Semansky)

“Especially Texas Gov. Abbott, who has a track record of causing chaos and confusion at the border,” Jean-Pierre claimed. “So I would refer you to [the Department of Justice] for any legal matter. But, again, immigration enforcement is a federal authority.”

Abbott signed an order Thursday allowing Texas law enforcement to return illegal immigrants apprehended in the state back to the U.S. border just as counties have urged him to declare the migrant crisis an “invasion.”

Texas Gov. Greg Abbott speaks during a press conference about the mass shooting at Uvalde High School May 27, 2022, in Uvalde, Texas. 

Texas Gov. Greg Abbott speaks during a press conference about the mass shooting at Uvalde High School May 27, 2022, in Uvalde, Texas.  (Yasin Ozturk/Anadolu Agency via Getty Images)

Abbott’s order allows the Texas National Guard and the Texas Department of Public Safety (DPS) to apprehend and return illegal immigrants who have crossed between ports of entry to the southern border. Under the order, illegal aliens will be taken to the U.S. but not into Mexico.

It comes at a time of historic migrant encounters at the border. There were more than 239,000 migrant encounters in May alone, and Abbott said that there were 5,000 migrant apprehensions in Texas alone over Independence Day weekend.

Mounted U.S. Border Patrol agents watch Haitian immigrants on the bank of the Rio Grande in Del Rio, Texas, Sept. 20, 2021, as seen from Ciudad Acuna, Mexico.

Mounted U.S. Border Patrol agents watch Haitian immigrants on the bank of the Rio Grande in Del Rio, Texas, Sept. 20, 2021, as seen from Ciudad Acuna, Mexico. (John Moore/Getty Images)

Abbott has taken a number of dramatic measures to cope with the flood of migrants hitting the state, including busing migrants to Washington, D.C. Last year, the state surged resources and law enforcement to the border under the still-ongoing Operation Lone Star to arrest those entering the country illegally.

Fox News’ Adam Shaw contributed reporting.

Houston Keene is a politics reporter for Fox News Digital.  Story tips can be sent to Houston.Keene@Fox.com and on Twitter: @HoustonKeene 

https://www.foxnews.com/politics/white-house-claims-abbott-border-chaos?intcmp=tw_fnc