View from the Right: When ‘70s-style stagflation again takes root, Dems won't blame themselves
By Martin Fey
-- George Ade
The morning after comes slowly but inexorably in the realm of economics, and the hangover caused by fiscal overindulgence can’t be cured by a couple of aspirin and a bloody Mary.
So it will be with the Biden administration’s federal spending plans, which will add a stunning $11 trillion to the national debt over the next several years. Americans may be reveling today as they drink from the bottomless federal cash cornucopia, which has poured over $10,000 into many households and billions into private businesses, but in the years to come they will pay many times for those “tax-free” infusions. Fortune Magazine estimates that the average couple will be saddled with $150,000 of federal debt at age 35.