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2) Who Blew Up The Budget?
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Neither Trump nor Biden would be mistaken for a fiscal conservative. According to the just-released Congressional Budget Office numbers, in the first three years that Trump was president, 2017-19 (2020 was the peak Covid year) federal deficits averaged roughly $800 billion a year. Under Biden – and excluding the Covid year of 2021, the three-year borrowing binge has averaged almost twice that amount, or $1.6 trillion a year. Both presidents spent and borrowed way too much, but Biden’s record is MUCH worse. Even accounting for inflation, Biden has borrowed roughly 67% more per year than Trump.
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3) Who’s Responsible for the Inflation Bomb?
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Staying on the subject of assigning blame, we now turn to the curse of inflation. This chart from the House Budget Committee compares inflation under Trump, versus inflation under Biden. Notice that inflation surged from 1.6% when Trump left office to 9.1% after the passage of Biden’s 2021 obese $1.9 trillion “American Rescue Plan” (ARP). Ironically, that spending bomb was supposed to create an “equitable recovery,” instead the poor and middle class were the primary victims of Bidenflation.
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4) The Dignity and Virtue of Work
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Those who work and work for more years of their lives – have longer and more fulfilling lives than those who don’t.
This is the message of a book just released by our CTUP economic council member David Bahnsen and entitled:
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If you want to hear more about the book, here is a fascinating audio tape of a discussion between Larry Kudlow and Bahnson on this critical topic:
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5) In Britain Even the Labour Party Wants to End Net Zero Madness
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One of CTUP’s top priorities this year is to persuade every Fortune 500 company to repudiate their endorsement of “Net Zero” – which would reduce America’s fossil fuel use from 80% today to zero over the next 10 to 15 years. It is a policy that would decimate the American economy, lead to the loss of tens of millions of jobs, and easily double the number of families living in poverty. Other than that, this war against energy is a great idea.
Democrats, including the guy in the White House, don’t get this. But amazingly, on the other side of the pond the British Labour Party DOES acknowledge that Net Zero is a cyanide pill for working-class union families.
This week Keir Starmer, the leader of the opposition British Labour Party, announced he is dropping his party’s 2021 plan to spend 28 billion pounds ($35 billion) on making Britain’s national electric grid carbon-free, should he win elections this year. It turns out policies like banning air conditioning and the eating of meat and ending coal and gas production aren’t so popular with the working-class men and women of Britain.
It's official: the Democrats in America are now to the LEFT of the British Labour Party! Republicans should be shouting from the rooftops that the radical green agenda is an assault by rich elites against struggling working-class families.
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6) Kamala Plots To Get Rid of “The Big Guy”
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