It might be the biggest giveaway in American history. President Joe Biden wants to cancel more than $1 trillion of outstanding student loan debt. Biden has already delayed for more than a year student loan repayment, and under his new rules, most delinquent and deadbeat borrowers would NEVER have to repay.
You've probably heard of the high-flying Big Tech FAANG stocks -- Facebook, Amazon, Apple, Netflix and Google. Among the five of them, their market cap reached $6 trillion last year, which is more than the GDP of all but a small handful of entire countries. Moreover, their net worth is larger than the entire annual output of India, with more than 1 billion people.
Once upon a time, the mantra of the libertarian Left was "keep the government out of the bedroom."
I guess you could mark me down as a "climate change skeptic." I'm not a climate scientist, so I have no expertise on what is happening with the planet's temperature or severe weather events that can wreak havoc on life and property.
For many years now, there has been a spirited debate about whether climate change is science, religion or even perhaps a secret route to socialism. That question remains unanswered, but we've now discovered with certainty that climate change is a political albatross around the neck of the Democratic Party.
With $30 trillion of debt -- which has grown by $5 trillion in just the last two years, with another $2 trillion of red ink expected to get spilled this year -- you might have expected Congress at least to pretend it will temper its reckless spending proclivities.
We live in a strange world. John D. Rockefeller, the founder of Standard Oil, helped provide the energy that powered the American century beginning in the early 1900s. Today, his grandchildren spend the billions of dollars that he donated to the Rockefeller Foundation to attack the same oil and gas industry that he almost single-handedly built. Likewise, Henry Ford's trust, the Ford Foundation, now spends millions of dollars on climate change -- as if the automobile was a sinister invention.
To quote a screaming John McEnroe: You cannot be serious!
What if two years ago, when COVID-19 first hit these shores, our politicians hadn't panicked?
Today, two years after COVID-19 first hit these shores from China, most studies confirm that the heavy-handed government lockdowns of businesses, restaurants, schools, churches and parks did more harm than good to our health and well-being.
I'm the kind of guy
Who never used to cry
The world is treatin' me bad
Misery -- The Beatles
The tally for how much the federal government spent to combat COVID-19 is now estimated to be $5 trillion. It is more than the combined costs of World Wars I and II. The left is celebrating that politicians in Washington saved us. Really? From what exactly?
When I came to Washington, D.C., in 1985, Ronald Reagan was president. I was working for the Reagan budget office. We did something we weren't very proud of at the time. We introduced the first $1 trillion budget in American history, which was unthinkable. One trillion dollars. There are 12 zeroes in a trillion. A trillion is a million dollars times a million. The budget deficit hit $200 billion and 6% of our entire GDP. Again, unthinkable.
Once, during a meeting with then-presidential candidate Donald Trump inside Trump Tower on Fifth Avenue in New York, we discussed energy policy. I told Trump that if we went all out to produce America's abundant supply of oil, gas and coal, the United States could be energy independent in four years.
It started in Chicago, where an incredible 91% of union teachers voted to go on strike and refused to do what they get paid to do, which is teach. Then the union walkouts spread to Maryland, New Jersey and California.
Why don't the union bosses in America represent their union members anymore? Could it be because the union leadership has become more beholden to the Democratic politicians in Washington than the rank-and-file workers who pay the dues?
When running against Donald Trump for president, Joe Biden often made the now-ironic charge that any president who has allowed so many deaths from COVID-19 should never be in the White House. Today, there are more deaths from COVID under Biden than under Trump -- and that is even with the vaccine.
How much do solar, wind and electric vehicle companies get in federal handouts and tax loopholes in President Joe Biden's Build Back Better bill? Well over $100 billion in taxpayer largesse. If all the tax credits are included, that number could reach half a trillion dollars. No other industry in American history has ever received this lucrative a paycheck.
One of the most popular provisions of the 1994 Contract with America was a rule requiring Congress to live by the same laws that families and businesses are subject to.
How would you feel about Congress snatching away your credit card or preventing you from participating in credit card reward programs?
