Staff Reports
President Biden and his team have been steering the economy in a dangerous direction, according to conservative writer Marc E. Zimmerman. Zimmerman criticizes Biden’s energy policies, such as halting the Keystone XL pipeline and restricting oil and gas permitting, for driving up fuel prices. He argues that these actions have contributed to inflation and increased costs throughout the supply chain, affecting industries and consumers alike. Additionally, Zimmerman blames excessive government spending, exacerbated by Congress, for further fueling inflation and rising national debt.
The article highlights the contrast between Biden’s policies and those of Argentine President Javier Milei, who implemented spending cuts and deregulation to combat inflation in Argentina successfully. Zimmerman suggests that similar measures in the U.S. could help address the mounting deficit and unfunded liabilities in programs like Social Security, Medicare, and Medicaid. He emphasizes the need for fiscal responsibility and tough decision-making to ensure the country’s long-term financial stability.
Captain Biden and His Economics Crew are Tempting Fate. Bidenflation, combined with the entitlements crisis, heralds trouble ahead.https://t.co/4wGAPCL333
— Maat (@Maat93489673) June 21, 2024
In Zimmerman’s view, addressing the root causes of inflation and debt requires decisive action and a willingness to make difficult choices. He warns that failure to change course could lead the U.S. down a troubling path of economic instability. The article underscores the importance of prudent governance and fiscal discipline to avoid the pitfalls of unsustainable spending and mounting debt.
