The House of Representatives simply passed the $1.9 trillion omni-directionally-awful monstrosity they have disingenuously mis-named a “Covid relief bill.”
Sure, there’s a little money in there for We the Peons The vast bulk of its massiveness– is Democrat cronyism for Democrat cronies.
Do Democrat States and Cities ‘Requirement’ Biden’s $350 Billion in Direct COVID-19 Relief?
Coronavirus Relief Likewise Has Most Significant Environment Bill in History
Covid Relief Costs Consists Of $7 Billion to Expand Government Broadband
Do We the Bankrupt have $1.9 trillion lying around to spend for this avalanche of crony heinousness? Heavens no.
We are already $ 2.1 trillion short in Fiscal Year 2021— before this legislative idiocy.
We’re $28 trillion in overall accrued debt— and it is rocketing skyward. Oh: And our two Socialist huge mess programs– Social Security and Medicare– are $100 trillion short over the next 3 years
We will be including this fake “Covid relief” expense to our already inconceivably titanic tab.
Oh: And government obtaining the cash for its idiocy– suggests the economic sector can’t borrow it for actual, you know, efficient things.
Federal government getting inexorably bigger– indicates less and less space for the economic sector to do anything, you know, actually productive.
What Is the Crowding Out Impact?:
” One of the most common forms of crowding out happens when a large federal government, such as that of the U.S., increases its borrowing and sets in movement a chain of occasions that leads to the curtailing of economic sector costs.
” The large scale of this type of loaning can result in significant rises in the real rates of interest, which has the impact of absorbing the economy’s lending capability and of dissuading services from making capital investments.
” Companies frequently fund such tasks in part or entirely through financing, and are now prevented from doing so due to the fact that the chance cost of obtaining money has risen, making typically successful tasks moneyed through loans cost-prohibitive.”
So what will the federal government’s centrally-planned costs and growth do to our already government-hobbled Covid economy?
The Number Of Jobs Will the ‘Stimulus’ Eliminate?:
” As many as 8 million by our quote, in part by gutting a lot of Clinton’s effective well-being reforms.”
” Gutting welfare reforms” in 2021? Probably not a great concept– since …
IG: ‘Tens of Billions’ in Fraudulent Joblessness Claims in 2020
Spectacular news all the way round, n’est- ce pas?
Let us now compare and contrast this government-planned mess– with however a portion of the private sector success 330 million private Americans making their own choices for their own selves will be creating in the really future.
On both the cordless and wired Web sides.
Wireless
The Effect of 5G on the United States Economy:
” 5G is the world’s next technological advancement and hugely significant upon the American economy …
” 5G has the potential to create or transform approximately 16 million tasks throughout all sectors of the economy, that includes full-time, part-time and momentary jobs.
” U.S. economy will drive up to $2.7 trillion in extra gross output (sales) growth.
” 5G will add up to $1.5 trillion to the U.S. GDP, bigger than the annual GDP of 94%of world economies.
” Multiplier impacts will be felt in every industry. For example, every job developed by 5G within the Details and Communications Technologies (ICT) sector will develop an approximated 1.8 additional tasks for a total of as much as 2.8 overall tasks throughout the economy.”
Wired
Assessing the Economic Potential of 10 G Networks:
“( T) he wider financial advantages connected with this next evolution of cable television broadband platforms, which we estimate to amount to at least $330 billion in economic output and produce more than 676,000 brand-new jobs over 7 years …
” The evolution of networks to 10 G will create $715 billion in consumer surplus.
” Additional economic value may be understood by regulatory changes that will speed and increase incentives for private network investment.”
Catch that economic sector Internet word “surplus?” That’s a word government hasn’t seen or heard in lots of years.
The wired and cordless Internet will suggest trillions of private sector dollars– and tens of countless economic sector tasks. And a lot more– if we can get the federal government to stop “assisting.”
We need “regulative modifications that will speed and increase incentives for personal network investment.”
What we’re rather getting– is government broadening its inefficient and disastrous self. Taking more and more space far from the explosively efficient private sector.
What we’re rather getting is …
Biden’s Grand Prepare for the Internet: Restore Net Neutrality, Broaden Municipal Broadband
Covid Relief Bill Includes $7 Billion to Expand Government Broadband
What we’re getting from this federal government– is FAR MORE federal government.
Which is the reverse of what we need.
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