Civics: What is an “earmark”?

Sadie Frankel’s article might tell readers where the $ came from:

The money is part of the $1.2 trillion budget bill President Joe Biden signed into law early Saturday and will go toward the Chamber’s $15 million goal to renovate and expand its 15,000-square-foot facility at 5262 Verona Road in Fitchburg. The project is intended to increase the resources available and provide a space for entrepreneurs to develop their business ideas.

The grant was announced by U.S. Sen. Tammy Baldwin, D-Madison.

Kobeissi

$1.00 from 2020, right before $4 trillion in stimulus was handed out, is worth just $0.80 today.

That’s a 20% decrease in purchasing power in just 4 years.

We are paying for stimulus and its costing a lot more than 4$ trillion.

Inflation is the biggest involuntary tax of all time.

Earmark

Fiscal Indulgences. More.

US Debt Clock

Federal taxes and $pending

The federal government now spends twice what it takes in tax revenue. While debt service alone eats nearly 2/3 of individual income tax.

Federal government spending is inimical to economic growth. The government takes all of its resources (money) from the real economy. Government spending is paid for by taxes, borrowing, or printing money. One way or another, the people end up paying for it.

“In the hour-plus we spent talking in the ornate Speaker’s Lobby this week, the United States descended $350 million deeper into the red. The national debt is now at a record high of nearly $34.6 trillion. “

Thank you @Robert_Aderholt for listing some of the objectionable earmarks the Senate slipped into this giant omnibus. More.