boomboomsroom

Several years ago Oprah gave away a car to everyone who attended her show.  Nice, but it wasn’t necessary to fill up the studio viewing seats.  People would climb over a  wall to get to see one of America’s great icons.

Several years later people are climbing over a wall, walking around a fence, and swimming across the Rio Grande to get into America in record numbers.

And, why not?  Like Oprah, the great American giveaway is full throttle.  It isn’t necessary to fill up the country.  But it does buy votes.

Just two weeks after the green new deal lite (aka the Inflation Reduction Act) lined donor pockets, Biden is closing in on a $329 billion dollar giveaway over the next ten years.  This audience is the college graduate/attendee who borrowed to attend and whose household income is below $125k.

Biden will sign off on a $10k loan forgiveness per person plan.  Then he can check the box on another campaign promise kept.  Forget if it’s good for the country, it’s good for voters that lean left.

Who pays for this handout now that the original signer of the agreement isn’t held to their promise?  You do, the American taxpayer.

If you went to college and paid off your debt, you now get to pay your classmate’s debt too.  If your parents saved for 18 years to get you to and through college they get to pay for any parents who did not.  Native American Elizabeth Warren chuckled about this very inequitable reality yesterday.

If you learned a valuable trade and are now welding, plumbing, pipe fitting, etc. you’re about to learn that you can take a blow torch to an additional $2k that you take home to cover the lackeys.

But not even 87,000 new IRS agents can find enough money hiding between the 1040 lines to keep up with America’s spending appetite.  The reality is we spend WAY more every year than we send to Uncle Sam.  This loan forgiveness will just get added to the mile-high mountain of debt.

What lesson does this teach our young?  It teaches the opposite of doing the right thing.  Why bother paying for your car loan?  House loan?

Diversity, inclusion, and equality(DIE for short) are words thrown down like another round of drinks on Capital Hill.  Except, none of what this administration is doing approaches DIE.  It’s all divisive and unwise.

Give money to green, take it from oil and gas taxes.  Give big money to Ukraine almost daily to protect their border, but leave our southern border wide open.

Enter the country and get a free phone, free medical care, and a free plane ride to an American city.   No vax, no problem unless you want to remain in the military that will fight to protect those that just walked in illegally.

And now we give money to college kids who should be educated to a point to get a job, balance a checkbook, budget their take home, and pay their debt.

Biden says that inflation is zero.  He claims that there is no recession based on the new definition of recession.   He says that the economy is great.

And, in spite of all of that, college-educated young adults can’t be held to their promise to pay down their self-inflicted debt?  What would happen if the economy turned south?

A chicken in every pot gets votes.  But, it doesn’t pay for itself.

And the chickens are getting more expensive in spite of zero(so says the big guy) inflation.