DEMOCRATS, debt, and deficits

[Legion]

The federal government’s system of entitlements is the largest money-shuffling machine in human history, and DEMOCRATS intend to make it a lot bigger.

The so-called American Families Plan—which they recently attempted to tie to a "bipartisan infrastructure deal"—proposes to extend the reach of federal entitlements to 21 million additional Americans, the largest expansion since Lyndon B. Johnson’s Great Society.

For the first time in U.S. history—except possibly for the pandemic years 2020 and 2021, for which we don’t yet have data—more than half of working-age households would be on the entitlement rolls if the plan were enacted in its current form.

Contrary to assertions that this plan “doesn’t add a single penny to our deficits,” the plan would add more than $1 trillion to the national debt over the next decade.

Discuss.











https://www.wsj.com/articles/bidens-plan-for-an-entitlement-society-11624918494

 

[Legion]

The inaccurately-named American Families Plan proposes several new entitlement programs.

• One promises students that taxpayers will pick up the entire cost of community-college tuition.
• Another promises families earning 1.5 times their state’s median income that the taxpayers will cover all daycare expenses above 7% of family income for children under 5.
• Still another promises workers up to 12 weeks of taxpayer-financed wage subsidies to take time off to care for newborns or sick family members.

 

[Legion]

The laughably-misnamed American Families Plan would follow longstanding government practice and make temporary emergency programs permanent.

In March, the DEMOCRAT-dominated Congress enacted the equally ludicrous "American Rescue Plan", which expanded Affordable Care Act subsidies and refundable tax credits for child care and low-wage workers.

The expansions were sold as "temporary measures to combat the effects of pandemic lockdowns" - lockdowns precipitated by DEMOCRATS.

A month later, bungling Biden's handlers told him to ask Congress to make them permanent.

 

[Legion]

These programs extend eligibility for benefits high up the income ladder.

Two-parent households with two preschool-age children and incomes up to $130,000 would qualify for federal cash assistance for daycare.

Single parents with two preschoolers and incomes up to $113,000 would qualify.

And some families with incomes over $200,000 would be eligible for health-insurance subsidies.

Other parts of the plan, such as paid leave and "free" community college, have no income limits at all.

 

[Legion]

The ridiculous American Families Plan would add 21 million Americans to the list of federal entitlement beneficiaries.

With these additional recipients, 57% of all married-couple children would receive federal entitlement benefits, and more than 80% of single-parent households would be on the entitlement rolls.