Tag Archives: Nicholas Ballasy

Stimulus Nearing $3 Trillion

Economizing, , , , , , , , ,

Congress is on the verge of spending another $3 trillion in stimulus and coronavirus pandemic relief, including another defense bill appropriation, which will likely push the national debt to $28 trillion by the end of 2021. It appears an additional round of individual stimulus checks for Americans is on the table, although the amount is still being debated.

On the other hand, Nicholas Ballasy of Just the News is reporting that debate over relief funding for state and federal agencies is at an impasse and might well be left out, much to the chagrin of Democrats. Maryland U.S. Rep. Steny Hoyer told Ballasy that this stimulus package is just short term and that there will be another round early on in the Biden Administration.

“If you look at the projections, we’ve got a $3.3 trillion projected deficit by the end of this year,” Ballasy says. “And then looking forward to the end of 2021, the debt will exceed the size of the entire U.S. economy.” Here’s more from “Real America’s Voice” on Just the News.

Virus Bill Could Hit $40 Trillion

Consumer Chatter, , , , , ,

Congress is rapidly approaching $3 trillion in coronavirus spending and the Federal Reserve Bank is projected to loan out another $4 trillion in loans. Says Kentucky fiscal conservative Congressman Thomas Massie, “If those loans go bad, which is a distinct possibility in these uncharted economic times, then this has been a $7 trillion bill instead of a $3 trillion bill.”  But Massie says the outlook is considerably more dire. He projects the $7 trillion will easily reach $20 trillion and, with the Fed’s balance sheet rapidly growing, we could easily see a $40 trillion deficit when the pandemic ends. Massie sorts out the details with host Nicholas Ballasy on Just The News.

Reckoning Coming for Dems

Political, Hey!, , , ,

As we’ve seen in the last few months, the Mickey Mouse articles of impeachment put forward by the House Democrats don’t come close to the constitutional standard of high crimes and misdemeanors. So why are they going forward with the fiasco that would be a Senate trial?

Iowa Senator Steve King says the answer is obvious. “They’re impeaching Donald Trump, not because they don’t like him, but it’s a shield for them to defend themselves from the reckoning that will come when the Justice Department gets put back on the rails for law again,” he says.

King, of course, is referring to the high crimes and misdemeanors committed by the Democrats themselves, which are more pervasive than this country has ever seen. King explains further to political journalist Nicholas Ballasy.