Today's Thoughts

Posted on March 30, 2020 by Robert Ringer

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It’s Always a Mistake to Give an Inch to Democrats

President Trump made back-to-back mistakes when he went along with the pork-stuffed $2 trillion stimulus bill, then viciously attacked Rep. Thomas Massie (R-KY) for having the courage to question the efficacy of passing a bill filled with Democratic largess.

Trump is a dealmaker, so he often gives the other side a few crumbs in order to get a deal done.  I understand that strategy, and I generally agree with it.  It’s not a good strategy, however, when pork bellies are substituted for crumbs.

In the case of the $2 trillion stimulus package, the nature and size of the pork bellies are embarrassing — e.g., $25 million for the Kennedy Center and $75 million each for National Public Radio, the National Endowment for the Arts, and the National Endowment for the Humanities.  Trump apparently believed he had no choice but to give the bill his blessing or face the prospect of Democrats yelling and screaming about how he was willing to let working people suffer unless he got his way.

The opposite, of course, is true.  With his bully pulpit, Trump could have gone on the offensive and explained to the public that it was the Democrats who were trying to stuff their progressive wish list into the stimulus legislation without regard for the plight of suffering Americans.  The backlash would have been loud and swift, and the Dirty Dems would have had no choice but to back down and pass the bill, sans pork.

If all this sounds familiar, it’s because it’s an exact rerun of the argument politicians make for repeatedly raising the debt ceiling.  It’s a bipartisan issue, because to cut spending is unthinkable to both Democrats and Republicans.  It’s so much easier to borrow and print more money than to tell people that Big Brother is going to cut back on their goodies.

I often feel like a voice in the wilderness, because for decades I have been saying that the national debt would never be repaid.  And since Bush, Obama, and now Trump took the debt from a mere $5.6 trillion at the end of Bill Clinton’s presidency to more than $23 trillion today, it’s not that it won’t be repaid.  Elementary math makes it clear that it can’t be repaid.  That option was off the table long ago.

Since it would be impossible to raise taxes enough to start paying off the national debt (think pitchforks and blazing torches), somewhere down the road the result is almost certain to be a massive deflationary depression brought on by defaulting on the national debt or a runaway inflation brought on by runaway printing presses.

So, yes, Rep. Massie is right, not only by questioning the efficacy of adding trillions to the national debt, but by pointing out the cowardice of both Democrats and Republicans for refusing to force every member of Congress to cast a vote on the record.  It once again underscored the fact that the swamp is alive and well in Washington, and that nothing short of economic reality asserting itself will put an end to the crimes and cowardice of the swamp creatures.

 



Robert Ringer

+Robert Ringer is an American icon whose unique insights into life have helped millions of readers worldwide. He is also the author of two New York Times #1 bestselling books, both of which have been listed by The New York Times among the 15 best-selling motivational books of all time.