By Don Wood My Rambling Thoughts;
We are hearing a lot about the receding spread of the CCP-virus throughout America. Cities are reporting that the new cases are falling, they need to open schools and businesses need to start opening up. In most of the major cites that kept their restaurants and small businesses closed for the last 10 months. They are now saying to open up but keep your customers at a minimum.
Now outside dinning is ok. In some instances indoor dining is ok at 25 percent occupancy.
The Supreme Court ruled that California has to let church goers back in to worship. But no singing and only at 25 percent occupancy. Now this is one I have a big objection to. Where in the 1st Amendment does it say the government or the courts can tell the people how to worship? Where does it say where and when they can assemble? Lets read the 1st Amendment::
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”
Seems pretty clear to me! The government can’t do it. Neither the Federal or State. But I digress.
The Biden administration is pushing a MAGA-stimulus package to “as they claim” help the American people. Is that really it? Or is it to bail out all the Democratic cities that lost all their revenue, when they shut down their own businesses. Or maybe it’s also to sway the minds of the people. Saying look what we did for you, we gave you all this money. Just don’t think about the fact that we could have done it back in September or October but we had to hold out to make President Trump look bad. But hey we are coming through now. But just not two thousand like we said. It’s only fourteen hundred.
Lets not forget that this will have to be paid for by selling this debt to the Chinese. The United States has no money to fall back on. In order for the government to spend money they have to acquire it somehow. That is by raising taxes or selling US bonds.
So in that scenario the deficit will go up and so will inflation. Meaning we will have to pay more than we use to for the same product or service. The dollar will be worth less than it is today? Think Venezuela!