|Alas, we must write about mammon once again this week, with two monstrously big buckets of cash being compiled by the US government. The Senate has unveiled a $1.1 TR infrastructure bill with lots of provision for social justice and climate alarmist goals. But Rachel Bovard, at The Federalist points out that the bill was merely a “prelude” to the $3.5 TR budget which passed the floor of the Senate last week.|
While the budget is not set in law, it does steer actual spending and in this case, the wish list of the “Green New Deal” is in the driver’s seat. There’s money for climate change programs, abortion, and “free” everything, so if approved, the “Bernie Sanders budget” looks set to change the country forever.
With almost half of the spending financed with new debt, Al Mohler pointed out that America is spending money we don’t have and can never repay. Justin Haskins observed that the Fed has been printing a lot of funny money in the last decade and warns that the President’s budget could cause economic collapse. Elsewhere, Haskins suggests that people should look to invest diversely, if they are able, especially in land. He points out that it is no coincidence that Bill Gates is buying up farmland – the elites know what time it is.