Biden Defends Coming After Your Wallet Again: 'There's Going To Be Another Pandemic'
Biden plans to retap into the American wallet again but this time he wants to create and endless withdrawal from taxpayers to cover the 'next pandemic'. Taxpayers are still shelling out for the last one and struggling to keep up with this administration's crazy spending habits.
Biden, responding to a question about making vaccines available to young children in the wake of the most recent Emergency Use Authorizations (EUAs), said that his administration was working to make sure that there were enough vaccines — but that his administration was also investing money into preparing for the next pandemic.The reporter asked about the number of doses of the COVID vaccines were available for school-aged children — and how many the government was prepared to provide before the administration asked for more money to manage the costs.
“We’ll get through at least this year,” Biden began, adding, “We do need more money. But we don’t just need more money for vaccines for children, eventually. We need more money to plan for the second pandemic. There’s going to be another pandemic.”
“We have to think ahead,” President Biden continued, going on to take a swipe at former President Donald Trump and suggesting that a lack of preparation on his part had increased the impact of the COVID pandemic. “That’s not something the last outfit did very well, and that’s something that we’ve been doing fairly well. That’s why we need the money.”
Biden: "We need more money to plan for the second pandemic. There's going to be another pandemic." pic.twitter.com/z0Plc8aZQU
— Washington Free Beacon (@FreeBeacon) June 21, 2022
As Federal Reserve Chairman Jerome Powell was grilled over runaway inflation Wednesday, Bridgewater Associates founder Ray Dalio is warning that the Central Bank's efforts to tame scorching-hot inflation will likely lead to stagflation over the long term.
Stagflation is the combination of economic stagnation and high inflation, characterized by soaring consumer prices as well as high unemployment. The phenomenon ravaged the U.S. economy in the 1970s and early 1980s, as spiking oil prices, rising unemployment and easy monetary policy pushed the consumer price index as high as 14.8% in 1980, forcing Fed policymakers to raise interest rates to nearly 20% that year.
For those of us older than AOC, that's Jimmy Carter-era damage to the American dream.