Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Here’s How Biden’s Budget Makes Big Government Even Worse

April 6, 2022 By Richard C. Young

President Joe Biden talks on the phone with King Salman of Saudi Arabia Wednesday, February 9, 2022, in the Oval Office of the White House. (Official White House Photo by Adam Schultz)

You may not be able to imagine a scenario in which America’s big government could get even worse, but Joe Biden has found a way. At the Ron Paul Institute, former congressman and presidential candidate, Dr. Ron Paul explains how Biden’s “centrist” budget will make America’s problem with big government even worse. He writes (abridged):

President Biden’s 5.8 trillion dollars fiscal year 2023 budget increases “discretionary” spending to 1.6 trillion dollars. The remaining 4.2 trillion dollars of spending consists of “mandatory” spending, including on Social Security, Medicare, and interest on the national debt. The discretionary spending is divided between 813 billion dollars for “defense” and 769 billion dollars for the rest.

Since Biden’s budget increases military spending and does not call for major new government programs, some have described it as “centrist.”  Calling a 5.8 trillion dollars tax-and-spend monstrosity “centrist” shows how far the center of American politics is from the principles of limited government.

Little of Biden’s proposed defense budget will be spent to defend the American people, although it will defend the ability of defense contractors, lobbyists, and war party propagandists to continue littering Northern Virginia with “McMansions.” Biden wants to spend yet more to continue the US’s counterproductive intervention in Ukraine, as well as on NATO and other programs aimed at challenging Russia.

Biden’s budget spends 33.2 billion dollars to support law enforcement. Federal spending on local law enforcement violates the Tenth Amendment and takes a step toward nationalizing the police. A national police force would be a grave danger to liberty.

America may soon pay the price for attempting to fund a massive welfare-warfare state with fiat currency, America’s ham-fisted intervention in the Ukraine-Russian conflict has caused more countries to seek alternatives to the dollar. This increases pressure for the dollar to lose its world reserve currency status. When that happens, the US will face a major economic crisis featuring hyperinflation, massive unemployment, and the growth of authoritarian political movements. The only way these problems can be avoided is if the people demand the federal government stop trying to run their lives, run the economy, and run the world.

Dr. Ron Paul: Former member of Congress and Distinguished Counselor to the Mises Institute.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Biden's Progressive Budget Proposal Vastly Expands Government
  • “Worried” – Inflation Will Get Worse
  • Biden Flashback
  • Biden to the Rescue from Dysfunctional, Corrupt Government
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
Latest posts by Richard C. Young (see all)
  • Biden’s Fake Democracy Summit: Hungary and Turkey Snubbed - March 24, 2023
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians - March 24, 2023
  • Do You Know How to Slow Your Brain’s Aging? - March 24, 2023

Dick Young’s Must Reads

  • Government Should Be Small, Laws Unobtrusive, and Men Left Alone
  • Sen. Hawley Makes the Case Against U.S.-China Relationship
  • Joel Salatin: Meet the Real Mr. America
  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes
  • Making America Great Again Is What America Wants
  • You Need to Seek Some Shelter for When Things Get Ugly
  • Your Odds with Statins: 500 to 1?
  • “The Goal”: Strong Families, Resilient Faith, Thriving Middle Class.
  • Richard Feynman Solved the Space Shuttle Disaster Mystery

Our Most Popular Posts

  • Pushing Back at ESG
  • Your Survival Guy’s BEST Insider’s Guide to Key West
  • Are You Fairly Wealthy? I’m Listening
  • Who'd be Nuts Enough to Have Put Money into SVB?
  • Cheap Reliable Heating – a Life Saver
  • Get Well Soon Taki
  • Biden Has Lost Control of the Northern Border Too
  • Border Patrol Chief Admits U.S. Border Is Out of Control
  • For Whom Is Your Portfolio Serving?
  • Freefalling at Stanford

Disclosure

RSS Youngresearch.com

  • If You’re a Highly Effective Person, We Should Talk
  • Trouble Now Brewing at Deutsche Bank
  • Is Vanguard Voting Against Your Political Beliefs?
  • Are 0DTE Options a Threat to Markets?
  • “I Need Preservation of Principal and Growth”
  • Are You Fairly Wealthy? I’m Listening
  • Treasury Studying How to Increase Deposit Insurance
  • Your Survival Guy’s BEST Insider’s Guide to Key West
  • For Whom Is Your Portfolio Serving?
  • Who’s to Blame for Banking Vulnerability?

RSS Yoursurvivalguy.com

  • If You’re a Highly Effective Person, We Should Talk
  • What’s Happening to Charles Schwab?
  • Prepare for the Predictable
  • Is Vanguard Voting Against Your Political Beliefs?
  • Call It the Difference between Normal and Crazy
  • “I Need Preservation of Principal and Growth”
  • DEMOCRATIC SENATOR: Biden’s ESG Veto “Absolutely Infuriating”
  • Are You Fairly Wealthy? I’m Listening
  • How Long Is Your Water Supply Chain?
  • Your Survival Guy’s BEST Insider’s Guide to Key West

Biden’s Fake Democracy Summit: Hungary and Turkey Snubbed

Freefalling at Stanford

If You’re a Highly Effective Person, We Should Talk

DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians

Do You Know How to Slow Your Brain’s Aging?

We’ll Burn the Place Down!

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives