Comments by "Federalist Papers" (@federalistpapers4523) on "We are knocking on the door of $34 trillion in debt: Steve Moore" video.

  1. “There does not exist an engine so corruptive of the government and so demoralising of the nation as a public debt.” -Thomas Jefferson, 1821
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  2. The accumulation of debts is a most fearful evil.” -Thomas Jefferson, 1787
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  3. Taxation is necessary, yet should be fair. "Government hath no more Right to put their hands into my Pocket, without my consent, than I have to put my hands into your’s, for money,"-George Washington 1774 in his reply to Bryan Fairfax.
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  4. "We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much." Ronald Reagan
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  5. American politicians, serving the interests of oligarchs, have gradually lost their subjective will and objective ability to respond to the basic demands of ordinary people and defend the basic rights of ordinary citizens, and failed to solve their own structural problems of human rights. Instead, they wantonly use human rights as a weapon to attack other countries, creating confrontation, division and chaos in the international community, and have thus become a spoiler and obstructor of global human rights development.
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  6. “I, however, place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared.” -Thomas Jefferson, 1816
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  7. I refuse to finance Libby idiocy, through higher taxation of decent Americans. I refuse to vote Democrat.
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  8. When the truth has become the enemy of the state, the state has become the enemy of the people.
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  9. If there be anything amiss therefore in the present state of our affairs, as the formidable deficit lately unfolded to us indicates, I ascribe it to the inattention of Congress to it’s duties, to their unwise dissipation & waste of the public contributions. They seemed, some little while ago to be at a loss for objects whereon to throw away the supposed fathomless funds of the treasury.” -Thomas Jefferson, 1820
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  10. In 2020, because of the pandemic, the budget jumped 47 percent to $6.5 trillion, as both Democrats and Republicans supported the need for emergency funding. That COVID funding was to sunset as the country returned to normal — as it did last year. Apparently, Biden decided to ignore that crucial point. Instead, he saw that supersized budget in 2020 not as a crisis, but an opportunity that could be exploited going forward to pay for what amounted to a historic spending spree that kicked off with the $1.9 trillion American Rescue Plan and drove what became the worst inflation in 40 years. During Biden’s first two years in office, he oversaw spending that was 40 percent higher than the pre-COVID 2019 budget.
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  11. (Continued)-According to the CBO, Biden is going to match Trump’s addition to the national debt in just three years, reaching a total of $7.1 trillion over his four years. That would be $1.5 trillion more than Trump contributed during his term, which included the 2020 one-time COVID emergency spending. If Biden’s 2024 proposed budget actually passed, he would add as much to the national debt as Trump and Bush 43 combined. House Republican leaders have made clear his budget isn’t going anywhere; but it illustrates just how out of control Biden’s spending policies really are.
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  12. Of course not, Biden will just sign the Deed to America over to China.
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