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An Economic New Year’s Resolution: Sober Up, America

notaram 2022. 12. 29. 11:00


The United States can’t lead the free world with Biden’s spending binge

Looking back at a mess of a year, it seems possible to blame the Covid pandemic for just about everything. The pandemic pushed many off their A-game, and in public life most of the bad things that happen are caused by bad judgment.

Consider: Officials said inflation was transitory. Investors thought markets would rise forever. Sam Bankman-Fried’s customers thought that with cryptocurrency, money was finally growing on trees. Anthony Fauci should have left us alone earlier. Republican primary voters heard voices and nominated too many losers. It slipped Joe Biden’s mind that the U.S. has a southern border. Vladimir Putin lost his mind in the ethers of Great Russia nationalism.

In this respect, Congress didn’t disappoint. With full knowledge of the year’s bad calls, Democrats and Republicans this month passed a $1.7 trillion cats-and-dogs, everything-but-the-kitchen-sink spending blowout. They make drunken sailors look respectable