Editor,
The headline of your Oct. 14 Daily Journal is, “Inflation up 5.4% from last year.” Since July 7, the price of gas at the gas station where I work went from $4.179 to today’s $4.779. That’s a 14.36% increase in 3 1/2 months, on track with the reported 42% increase since Joe Biden took office 10 months ago. Several customers have remarked to me, “how can a person afford to live these days?”
I could have predicted that the United States would eventually give money to Afghanistan, because as evidenced by our deal with Iran, foreign policy under Biden, a doctrine if you will, is to appease our enemies with pallets of cash, give ground diplomatically, and offer more cash payments for future cooperation.
The big elephant in the room is the Build Back Better bill. In what are likely to be boondoggles, spending in the bill is largely uncapped, on the expectation that if a program is funded for say four years, a Democratic Congress and Joe Biden will pass legislation to extend a program. The proposed tax hikes to pay for the bill will raise only $2.2 trillion over the next 10 years, but Congress is also aiming to pass a $1.2 trillion infrastructure bill. The two bills will likely set a record for deficit spending and will increase pressure on the economy toward inflation.
It amazes me that a troubled economy, a weak foreign policy and costly legislation would be accepted by the public at large, but I guess that Biden’s falling approval numbers prove that I am not alone.
James Constantino
Daly City
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(5) comments
Another well written letter, Mr. Constantino. This BBB bill is better known as Beggin’ Biden’s Boondoggle. America Last policies continue.
Excellent letter. Progressive politicians seek power by providing more free things. They favor growing government dependency over growing the private sector which is the primary source of jobs and incomes.
Wow, good thing the past 4 Republican presidents balanced the budget for all their tax cuts for the rich and unnecessary wars, otherwise you might sound a bit disingenous; oh, wait...
so, elders getting vision/dental care, people not having to choose to either go back to work while still bleeding from giving birth or lose their jobs, and people getting free community college (which was the norm up until the mid 1970s!), all of which are (or were) in BBB, are all bad things, but Trump, Google, Apple & Facebook paying less income tax than someone working at McDonalds is a good thing. 10-4.
That’s funny, Mamako. I don’t recall seeing any headlines about our great President Trump, Google, Apple, or Facebook committing tax fraud or breaking any tax laws. As such, who can blame them for paying the least amount of taxes due? It is notable that I don’t see Democrats setting an example in not taking any tax deductions. One has to wonder why Dems don't donate money to the government.
As for pallets of cash, you may have forgotten about the $1.7 billion ransom Obama paid for four American hostages. According to Biden and Democrats though, it probably cost nothing.
Oh, and the only recent president that sent pallets of unmarked bills ($4B, just to be clear) to the Middle East didn't have a (D) next to his name ;)
https://www.reuters.com/article/us-iraq-usa-cash-idUSN0631295120070207
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