Its going to cost nothing, President Biden said of the Democrats massive $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week. Dont believe it. The bill, which aims to move America closer to a European-style social-welfare state, will shorten the fuse on a debt bomb thats already set to detonate.
Last year, lawmakers enacted $3 trillion in (mostly) justified deficit spending for a once-in-a-lifetime pandemic. Yet the 2021 spending blowout is set to dwarf those costs. Lawmakers have already enacted a $1.9 trillion stimulus bill filled with unnecessary items like unemployment benefits that exceed the wages for many available jobs, and bailouts to states already running budget surpluses. The Senate...........