Our Gold Guy
No Result
View All Result
Thursday, September 28, 2023
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
Our Gold Guy
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
No Result
View All Result
Our Gold Guy
No Result
View All Result
Home Economy

Hey Nancy Pelosi, Here Are 4 Easy Things to Cut From the $3.5 Trillion Spending Plan

If Speaker Pelosi can’t find anything in a $3.5 trillion bill to cut, she’s just not looking very hard.

by Brad Polumbo
October 7, 2021
in Economy
Hey Nancy Pelosi, Here Are 4 Easy Things to Cut From the $3.5 Trillion Spending Plan

Congress is squabbling over how many trillions of taxpayer dollars to waste. Some progressive lawmakers want a $3.5 trillion—$24,400 per federal taxpayer—spending package, while the more “moderate” faction only wants $1-2 trillion. (Only in Washington, DC are the “moderates” the ones who want to spend $2 trillion!) In a recent defense of the full $3.5 trillion spending proposal, Speaker of the House Nancy Pelosi defiantly asked what parts of the bonanza could possibly be trimmed.

“It’s not about a price tag or anything,” Pelosi said. “It’s about values, not dollars. And we come to agreements on what people are for or what they would cut if they want to do less. What would you cut?”

Protect your wealth or retirement with PHYSICAL BULLION. Gold and silver in a self-directed IRA or in your safe at home is quickly becoming the most popular way to defend Americans’ life’s savings. Contact Ira Bershatsky for real answers to your questions.

.@SpeakerPelosi: "This is not about price tag. This is about what's in the bill… it's not about a price tag or anything. It's about values, not dollars." https://t.co/rEIWtxoeOK pic.twitter.com/OKXSrY8K8Q

— The Hill (@thehill) September 23, 2021

1. Funding for “Free” Community College

The draft proposal includes more than $100 billion in taxpayer money to fund two years of tuition-free community college for Americans. Yet community college—in stark contrast to 4-year colleges—is actually quite affordable for people to pay their own way. Under the status quo, existing grants and financial aid cover most expenses for many community college students and tuition rates are more than low enough for part-time workers to cover the costs themselves.

The real problems facing community colleges are low graduation rates and poor academic outcomes. Eliminating students’ financial “skin in the game” will inevitably worsen these problems. The “free” community college plan is a terrible idea and throws away $100 billion in taxpayer money, making it an easy initiative to cut.

2. Massive Subsidies for Electric Vehicles & ‘Green’ Energy Companies

The proposal includes a large expansion of existing subsidies for purchasing electric vehicles. Ostensibly meant to combat climate change, these subsidies would overwhelmingly flow to rich Americans.

After all, a vast majority of existing subsidies for electric vehicles flow to the affluent. And the proposed expansion wouldn’t actually make a significant dent in carbon emissions. According to the Cato Institute, all US passenger vehicles are responsible for just 2.4 percent of carbon emissions. Even abolishing all these emissions—which this subsidy regime wouldn’t come close to doing—would hardly make a difference in global climate change.

Ira Birshatsky

The enormous “green” energy subsidies in this legislation could easily be done away with, saving taxpayers tens of billions to hundreds of billions with no meaningful benefits lost out on.

3. Expanded Obamacare Subsidies for the Wealthy

This plan includes billions to make an expansion of Obamacare subsidies passed during COVID-19 permanent—with no income cut-offs. According to the Wall Street Journal, “A family of five with a 60-year-old head of household in Prescott, Ariz., for instance, could earn $350,000 a year and still qualify for an ObamaCare subsidy of $21,309. Even at $500,000 of income, that family would still get $8,559 in federal healthcare dollars.”

Massive amounts of taxpayer money could be saved by stripping healthcare subsidies for the rich from this bloated package.

 4. Enormous Expansion of Medicare

The plan includes an expansion of Medicare, the government healthcare program for senior citizens, to include dental, hearing, and vision coverage. This is a mind-boggling prospect, seeing as Medicare is already set to hit insolvency in just 5 years. Moreover, many of the people that would receive this coverage are more than capable of paying for their supplemental healthcare themselves. Congress could scrap this from its plans entirely and avoid funneling billions more in taxpayer money into the black hole of healthcare entitlements.

“Bidenomics” policies continue decimating wealth and retirement accounts. It behooves patriots to acquire physical gold and silver to store at home or make the move to self-directed precious metals IRAs from an America-First company. Contact Our Gold Guy, Ira Bershatsky, for the personal buying experience.

Just the Tip of the Iceberg

These are just a handful of examples of costly spending programs that can and should easily be eliminated from Congress’s spending proposal. The truth is, most of what’s in the bill is similarly wasteful and unnecessary. So, if Speaker Pelosi can’t find anything in a $3.5 trillion bill to cut, she’s just not looking very hard.

Let People Make Their Own Judgements on ‘Values’

Moreover, Pelosi is wrong to suggest that “dollars” and “values” can be separate—they can’t. Resources are limited and trade-offs are inescapable. Spending a dollar on one thing instead of another means valuing one thing over another. So, every dollar the government spends is an imposition of its values over the values of the American people, because it’s one less dollar in private citizens’ pockets to spend as they see fit.

The best way to ensure that $3.5 trillion is spent in alignment with the public’s values is not to filter it through the value judgments of Nancy Pelosi and her colleagues in Congress. It’s to let people spend it themselves in a free market and let their choices reflect their true values, not what politicians presume them to be.

Brad Polumbo

Brad Polumbo

Brad Polumbo (@Brad_Polumbo) is a libertarian-conservative journalist and Policy Correspondent at the Foundation for Economic Education.

This article was originally published on FEE.org. Read the original article.

Custom Image by FEE | Image Credit: Gage Skidmore via Flickr, CC BY-SA 2.0.

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.

Fill out the form here and we will schedule a precious metals consultation with Our Gold Guy, Ira.

Schedule a Precious Metals Consultation Today:

Tags: CongressEconomyFEELegislationNancy PelosiSpending PackageTop Story
Bidenomics

You Will Never Guess What Happened to the “Strong US Consumer” After Today’s Huge GDP Revisions

September 28, 2023
Economy

10 Numbers Which Prove That the U.S. Economy Has Hit a Major Pivot Point

September 28, 2023
BRICS

BRICS Continues Plans to Ditch the U.S. Dollar

September 27, 2023
Prices

Life in America Has NEVER Been More Unaffordable Than It Is Right Now

September 27, 2023
Report: U.S. Taxpayers Subsidizing Small Businesses in Ukraine, Including Designer Knitwear

Report: U.S. Taxpayers Subsidizing Small Businesses in Ukraine, Including Designer Knitwear

September 26, 2023
ROLLS-ROYCE to discontinue production of all diesel and gas vehicles in historic announcement

Rolls-Royce to Discontinue Production of All Diesel and Gas Vehicles in Historic Announcement

September 26, 2023
Robots From China Don't Strike

Robots From China Don’t Strike

September 26, 2023
U.S. Debt Is ‘Unsustainable’ — We Can’t Afford Increased Spending

U.S. Debt Is ‘Unsustainable’ — We Can’t Afford Increased Spending

September 26, 2023
Federal Reserve

The Fed Holds the Fed Funds Rate Steady—Because It Doesn’t Know What Else to Do

September 26, 2023
Global Gold

“A New Era of Gold”: Estimated World Official Gold Holdings Reach Record High

September 25, 2023

Recent News

Bidenomics

You Will Never Guess What Happened to the “Strong US Consumer” After Today’s Huge GDP Revisions

September 28, 2023

Search

No Result
View All Result

Site Navigation

  • Home
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics

About Our Gold Guy

This site is dedicated to helping Americans learn more about the economy, business, and politics. Our nation is in turmoil on all three fronts. We want to make a difference.

© 2021 NOQ Report

No Result
View All Result
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us

© 2021 NOQ Report

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

>