Barney wants to spend trillions to shout a 2022 midterm victory
They have a nice resemblance to the remedy of the far-left Democrats on the American issue. Liberal Democrats have been urging the government to “spend more money” since the 1960s. It spent more than six zeros on government schemes in the 1960s.
That, however, would not be enough for today’s government in Gargantua. If there was any problem when the government was spending only six zeros, now we have to talk about nine zeros.
Senator Barney Sanders recalled the federal government’s campaign in the 1960s to invest billions of dollars in welfare states. There were also warnings from conventional economists at the time, who predicted that such huge spending would lead to inflation.
Apparently, it did. The “Great Inflation” of the late 1970s and early 1980s was due to the rise of the welfare state in the 1960s as well as the monopoly activity of the OPEC oil cartel. It was no-brainer then, and it still is.
Older people like Sanders and Joe Biden, on the other hand, believe that the rest of us have forgotten how we were immersed in rising inflation at that time. You see, there is no internet. After all, modern monetary policy, such as that conducted by the Federal Reserve, has made inflation obsolete, hasn’t it?
Sanders is thinking along this line. Inflation is a structure of our minds. Why not spend trillions of dollars to help Americans in these difficult economic times?
The Washington Free Beacon commented: “Barney Sanders told Politico on Tuesday that Democrats should work to prevent Republicans from gaining control of Congress by raising the minimum wage in November, setting Medicare and tackling climate change.” According to one senator’s own estimates on the 2020 campaign trail, Medicare for All could cost 40 trillion. At least $ 16 trillion will be needed to implement Sanders’ Green New Deal plan. Almost doubling the national debt is the sum total of his legal initiatives.
Recent polls suggest that the primary concern of voters is the state of the economy, which may seem counterproductive. According to a survey conducted by ABC News and Ipsos this week, Americans are more concerned about inflation than any other problem. “
“You can’t really win an election with a bumper sticker that says: ‘OK, we can’t do much, but the other side is worse,'” he said in a recent interview with Politico.
Although Democrats have been in power since January 20, 2021, they have made little money to pass a trillion-dollar “infrastructure” plan with the help of some Republicans and push through an epidemic relief bill without a Republican vote.
It is not unreasonable for Democrats to field Republican invincible candidates or to expect Democrats to pass a multitude of small initiatives or to expect some miracle to happen against Biden.
In the case of Democrats, they have to worry about their own invincible candidates. Sanders, on the other hand, thinks this is a misleading thought.
There will be more panic, more radical Democrats and more billions of dollars in federal spending. In 2022, is this the sure way for Democrats to win?
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