Biden Chasing a Tail of Lies! | While Biden’s made his Political Bones backing one policy failure after another he’s managed to do so with little public scrutiny much like the mold or unholy bacteria growing in the porous grout-lines of a public restroom floor; now, sadly, he’s brought the same skillset to the 1600 Pennsylvania Ave. aided by the guiding light of intellectual derelicts such as Jen “I’ll circle back to you” Psaki, byrlcreem-filled bagmen such as Biden’s Secretary of State Blinken or, worst of all, the ferociously accommodating media.
Biden’s first and historically late press conference was saturated with prevarication occurring at so feverous a pace that if measured in terms of ground-speed would have broken every know record. From Tax Cuts to Foreign Policy, Border-Crashing to Broadly and curious and randomly defined Pandemics, Green-New-Deals on to any cavity or crevasse in between the breach of integrity unmercifully expanded with no single matter of fact left intact.
“The greater bite they take leaves a smaller portion of an increasingly smaller pie.”
Point being is this: To perform a line-by-line response to Biden’s monolithic detachment from reality would take a far greater word-count than most would tolerate so let’s just take a stab at one of the most conspicuous of the many, Tax Burden. While it is true that the so-called 1 percent have received the majority benefit under Trumps TCJA it is also the most predictably so for the simple reason that is this very 1 percent that pay 90 percent of the individual taxes paid. Painfully obvious to the thinking mind but, as usual in the realm of political-rancor, that’s beside the point now isn’t it; politics has nothing to do with thinking and everything to do with pandering.
What Beijing-Joe fails to discuss is that under his proposed tax scheme, which in part occurs simply by allowing the TCJA tax rates to expire, is that the greatest effect of his plan will hit the Middle-Class wage earners the hardest. In terms of out-of-pocket cash, both in tax paid, individual revenues/income lost due to confiscatory affects and effects on the economy and the inflationary bite out of what dollars you actually take home, the lions share of Biden’s Economic Policy Ignorance will have the most punishing affects on Middle Income America.
It’s important to remember that even if you’ve got a household income of $650,000 you’re still, in terms of cost of living, a Middle Income earner. Yes, it may seem to many that this income level provides a high-cotton life style but not so. If we consider the bite of federal and state taxes and withholding it turns out that your net spendable is around 65.6 cents on the dollar (if you live in California or New York in is closer to 55.4 cents) and so once you get down to covering the ever inflating costs of living (gee-wiz, since Biden took office he’s driving fuel prices up by an average of 91 percent), the monstrous slice of healthcare premiums (another Biden/Obama Gift) there’s little to no surplus cash.
Yes, your income pushes you into a higher house and car payment but the laws of cash-flow still apply; you make more money which, you are told for “tax savings” you spend more of it but in the end your spending much of your income to keep the boat afloat and like most folks you’re savings is whatever equity you can accumulate in your home, at least until you re-fi it to fund an unexpected necessity.
Understand that Politicians have no economic traction in any area that matters; they are completely clueless to the fact that their uncontrolled spending is pushing the rate of inflation beyond the ability of 89 Percent of the Publics ability to expand their disposable income to keep pace with it. They have not yet figured out that their concept of fiscal management is actually the single greatest reason for income disparity, anywhere and everywhere. The greater bite they take leaves a smaller portion of an increasingly smaller pie.
From the analytical aspect of retort it is without a doubt a fact that the Biden-era will be a mind-numbing period in American History; it will be (and it already is) known for its belligerent ignorance and faithful adherence to the spectacle of nothingness and for what will ultimately be the defining reason behind the existence of the current iteration of Benedict Arnold: That the American people arrived at a most unnerving consensus which was there is (was) Nothing Quite As Terrifying As The Truth so they simply chose to ignore it.
Curtis C. Greco, Founder
