My wife just came back from a routine grocery store run. She said, “These people are destroying the country.” She wasn’t talking about the store—she was talking about our elite political class that are spending our country into high inflation. And now they are poised to spend even more.

They have just passed a bill touted as something to “reduce inflation,” but critics note it could only increase it.

These days, you can tell that whenever the left wants to deceive their way into passing a bill, they provide an Orwellian name for the exact opposite effect.

This inflation-promoting bill is labeled “the Inflation Reduction Act.” Obamacare, which has proved quite unaffordable for many, was passed as “the Affordable Care Act.” The left tried to pass the “For the People Act,” which would have unconstitutionally taken election control from the states (where the Constitution puts it) and benefitted the politicians already in office.

This new $750 billion bill delivers a wish come true for those who believe that man’s activities can control the weather—in other words, our activities exacerbate climate change.

An article in Breitbart.com notes, “Rep. Jim Banks (R-IN) detailed the 50 most radical policies in the Inflation Reduction Act.” It is a wish list for every leftwing scheme imaginable, including funding abortion at taxpayers expense. But it will not do what it is touted to do—reduce inflation.

The article adds, “Banks emphasized that the legislation would not reinvigorate the economy, as the Penn Wharton Budget Model found that the bill would not curb inflation. ‘That’s reason enough to vote against the package,’ Banks remarked.”

Where does all the money for the new spending comes from? From we the people. Government has no money of its own. It confiscates it from we the people.

The Gateway Pundit reports: “The majority of new revenue from IRS audits and scrutiny will come from those making less than $200,000 a year, according to a study from the nonpartisan Joint Committee on Taxation.”

Furthermore, Ted Cruz notes that this bill will expand the IRS by 87,000 new agents. He adds, “The Democrats are making the IRS bigger than the Pentagon, plus the Department of State, plus the FBI, plus the Border Patrol combined. This is a massive power grab.”

In his 2021 book, Beyond Biden, former Speaker of the House Newt Gingrich explains how there really is an American majority that is not being represented by the left today. For example, Gingrich said that 75% of Americas support income tax cuts, not increases.

The founders of America believed in sound fiscal policy.

Thomas Jefferson once said, “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, ‘the guarantee to every one of a free exercise of his industry, & the fruits acquired by it.’”

As to government debt, Jefferson once noted: “I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.”

I remember hearing President Ronald Reagan say in 1984 that the Congress was spending money like drunken sailors. Then he added that he must apologize to the Navy men because at least the sailors were spending their own money. How much worse in 2022.

When you have debt that gets into the trillions of dollars, then the situation is totally out of control. Somebody once gave this illustration to help grasp how much a trillion is, say, in comparison with a million:

• If I owed you $100 and said I’d pay you in a million seconds, when would I pay you? In 12 days.
• If I owed you $100 and said I’d pay you in a billion seconds, when would I pay you? In 32 years.
• If I owed you $100 and said I’d pay you in a trillion seconds, when would I pay you? In 32,000 years.

Reagan once quipped that the closest thing to eternal life on this earth is a government program. Yet this “Reduce Inflation Act” will add more government programs. So the chance of stopping all the reckless government spending is an uphill battle. But it’s a battle worth fighting—for the sake of our country and our children and children’s children.

©Jerry Newcombe, D.Min. All rights reserved.

An Economic Justice Agenda designed with the help of a leftist La Raza group is getting $113 million from the Biden administration to bridge the racial wealth gap by helping low-income renters achieve homeownership. The taxpayer dollars will flow through the Department of Housing and Urban Development (HUD), which is committed to expanding asset building polices for renters as a reparative tool for economic justice. “We’re looking at everything through a lens of equity and how we address systemic racism,” HUD Secretary Marcia L. Fudge said in a statement announcing the nine-figure allocation. “We’re giving people who have historically been left out and underserved the resources to take a chance on their futures – to improve their credit, save resources for homeownership and other needs, and build wealth. That’s what this is all about.”

The HUD initiative receiving the sizable allotment is officially known as the Family Self-Sufficiency (FSS) program and it aims to help those already receiving government assistance increase earned income and improve financial stability. It is part of an agency wide plan for economic justice that outlines actions to help low-income renters build assets. A 13-page document titled “Bridging the Wealth Gap: An Agenda for Economic Justice and Asset Building for Renters” outlines how the administration plans to accomplish it. Many of the ideas in the extensive HUD racial agenda were concocted with the help of an influential open borders group, National Council of La Raza, which changed its name to a less divisive UnidosUS a few years ago. Biden administration officials convened with the national open borders organization throughout the summer and fall of 2021, according to the agenda, which claims to provide a “cohesive framework to guide both internal policy creation and external stakeholder engagement.”

The HUD plan aims to bridge the wealth gap by focusing on asset building through increased savings, banking, and credit history improvement for the poor. “Unequal access to savings, positive credit history, and banking is a national problem that especially impacts renters and contributes to the racial wealth gap,” the agency writes in its economic justice agenda. The government must intervene, according to the initiative, because many hard-working families and individuals earn low incomes due to persistent and systemic inequality. “This agenda recognizes the role that government programs can play in perpetuating those inequalities and is an effort to break down some of the barriers within federal programs that can erode progress towards financial stability,” the plan states, adding that “asset building policies have the potential to move federal assistance programs in a more equitable direction and facilitate economic justice for millions of Americans.”

The backbone of the agenda is homeownership because it is a pillar of wealth building and is critical to creating a source of wealth that can be passed down to future generations, HUD asserts. “Therefore it needs to be attainable for more families, especially families of color,” the agency writes, adding that “racial disparities in homeownership remain significant” in the U.S. In fact, the agenda says, “recent research shows that in 2020, the Black-White homeownership gap reached 31 percentage points, the greatest gap in decades.” Part of the problem is that poor credit prevents minorities—especially blacks—from qualifying for home loans. HUD refers to this as “credit invisible” and reveals that black people have the lowest credit scores in the country, followed by Hispanics. The agency does not offer specific details on how to correct this pervasive issue in communities of color but does blame “wage gaps along racial and educational divides” as a big contributing factor to the crisis. “Families looking to increase their wages face numerous additional barriers such as racism, discrimination, and lack of accommodations for certain people such as parents who need childcare,” according to HUD.

Even in instances when black people attain the American dream of home ownership the properties are often “appraised at lower values and home value can depreciate over time,” HUD’s agenda claims. To correct the problem, Secretary Fudge launched an Interagency Task Force on Property Appraisal and Value Equity (PAVE) to “root out racial and ethnic bias in home valuation.” The federal agency charged with creating inclusive communities and affordable homes also writes in its economic justice agenda that homeownership is not enough to help the nation’s black population, though it “is a critical part of closing the racial wealth gap.” HUD points out that there are also racial differences in other mechanisms for generating wealth such as stock ownership that make the racial wealth gap difficult to close. It is not clear if the housing agency plans to launch a stock ownership plan for poor minorities.

EDITORS NOTE: This Judicial Watch column is republished with permission. ©All rights reserved.