(This editorial, by Publisher Chuck Douglas, first appeared in the Bow Times.)
President Joe Biden is on a spending spree and it is funded by debt piled on top of debt.
(This editorial, by Publisher Chuck Douglas, first appeared in the Bow Times.)
President Joe Biden is on a spending spree and it is funded by debt piled on top of debt.
The spending included a COVID relief bill of $2.2 trillion; the American Rescue Plan’s $1.9 trillion, and then a bipartisan infrastructure bill of $1 trillion. Mr. Biden’s 2023 budget proposal was for $5.7 trillion. In December, he signed a $1.7 trillion spending bill.
No wonder we are at a debt ceiling “crisis” to raise that level ever higher. The interest alone runs $400 billion a year. The deficit during the first three years of the Trump Presidency totaled $2.5 trillion — less than the first year of Biden’s.
We cannot slow or reduce that debt, unless unlimited entitlement programs are restrained. Social Security, Medicare, Medicaid, etc. are 63% of the federal budget so obviously to reduce annual deficits, and the ever rising debt, those programs need to be changed. Reserves for Medicare’s hospital insurance fund are forecast to run out in just five years.
The debt includes payments for fraud in the pandemic relief funds that NBC News said could reach as high as $560,000,000,000. That is many, many Bernie Madoffs who made off with money we have to borrow and pay interest on.
As Vox reported: “Some culprits were domestic, but much of the fraud was targeted internet crime from foreign scammers operating in countries such as Russia, China, and Nigeria. These included self-motivated hustlers just trying to pick up what they saw as easily available money, while others were more organized criminals. It turns out that when U.S. government or state entities offer free money on the internet with minimal safeguards for Identity verification, people will come along and try to take that money.”
A recent poll showed 76% of Americans think deficit reduction should be a priority, but unfortunately Joe Biden is not one of them.
Just how truly conservative is the New Hampshire House? You know, that’s the body where many representatives boast of the taxes they have either reduced or eliminated or at least attempted to do so.
Now that Gov. Chris Sununu has made clear his opposition to a mandatory seat belt law, will his Highway Safety Office stop pushing for it?
It snowed in New Hampshire on Tuesday, a lot. Many schools were closed but some of those opted for a remote learning day rather than no school at all.
Here’s a thought concerning one of the many seemingly multiplying crises in New Hampshire public schools these days. No, we don’t mean the problems with education itself, although there are a few.
In an adjoining column, we publish Bedford resident Jane Aitken’s letter of concern regarding a proposed state “housing appeals board.’’
In an adjoining column, we publish Bedford resident Jane Aitken’s letter of concern regarding a proposed state “housing appeals board.’’
Former Maryland Gov. Larry Hogan isn’t running for President — unless he is.
Gov. Chris Sununu may run for President. He says he disagrees with Maryland’s Larry Hogan view that the Republican field should be self-limited to prevent a Donald Trump pileup.
We are pretty sure that Chris Pappas’ fundraising for the next election began the day after he was reelected last November. Early this month, he expressed his gratitude for hitting a February goal with a reminder that 2024 is coming right up. Where are term limits when we need them?
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