LETTER FROM THE EDITOR China quit borrowing? Or wise up and start charging the kind of interest rates that ought to be charged for a $6 trillion loan to a bunch of worthless nags bucking and rearing and busting out of their corral? Your legal tender is going to get tenderized and wind up about as valuable as a horsemeat sandwich.
In other words, we can make our own damn plans . We don’t need the Biden administration to do it for us. Indeed, it’s dubious on what grounds the Biden administration has the authority to take $6 trillion of our money and plan to do whatever it wants with it. In my opinion, this violates the 4th Amendment clause ensuring “The right of the people to be secure in their persons [and chickens], houses [and coops], papers [including pickup truck title and registration], and effects [eggs] from unreasonable searches and seizures.” Not to mention the 5th Amendment clause stating, “nor shall private property be taken for public use without just compensation.” Eighteen thousand dollars of my private property is being taken for public use in The American Rescue Plan, The American Jobs Plan, and The American Families Plan. I’d say just compensation for that would be... $18,000 (plus, of course, another $18,000 for my wife and $54,000 for our three kids). But you may be thinking, “They’re going to get that $6 trillion by taxing corporations, soaking the rich, and borrowing money from sucker countries like China. The $18,000 isn’t coming out of my wallet.” Take a look in your wallet. See that dollar bill? What does it say in small print up above George Washington’s right ear? THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE What happens when sucker countries like
And rich corporations? Where do they get the money to pay for a hike in taxes? By hiking the prices they charge you. And those soaked rich? Think they’ll be hiring you to towel them off? Maybe you’re under the impression that $6 trillion in government spending means you’re going to get $18,000. But as Abraham Lincoln pointed out in the Gettysburg Address, our government is “of the people, by the people, for the people.” You are these people... The Biden administration’s plans are $6 trillion of your money, spent by you, for which you’ll have to pay. When the Biden administration comes knocking on the door looking to get that $18,000 from each and every one of us, I hope you’ll join me while I take a seat on the egg crates dodging raindrops and saying, “Nobody in here but us chickens.”
We can make our own damn plans. We don’t need the Biden administration to do it for us.
American Consequences
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