John Ʌ Konrad V@johnkonrad
WeLL @PeteButtigieg WaS GiVeN $2 TRiLLioN To Fix RoaDS BuT JoHN He DiDN’t SPeND iT aLL
This is a HUGE part of the Democrat grift. Probably the biggest grift in of all. And it needs to be called out.
Democrats appropriate trillions of dollars then claim they never spent the money.
First: prove to me it’s still in the Treasury. Just because funds weren’t directed to the projects they were supposed to go to doesn’t mean the money wasn’t spent elsewhere.
But even the money that genuinely sits unspent is a grift. Here’s why.
When Congress appropriates billions, that money doesn’t appear out of thin air. The Treasury has to borrow it by auctioning government bonds to investors, both domestic and FOREIGN.
Those investors expect to be paid back with interest.
Here’s how it actually works:
Congress appropriates billions.
Treasury auctions bonds to raise the cash.
Investors buy the bonds.
The money goes into Treasury accounts.
Interest starts accruing immediately, whether the money is spent or not.
In 2024 alone, the federal government paid almost a Trillion in interest on the national debt. That’s 14% of the entire federal budget going to bondholders, not roads, not ships, not defense. Debt service.
$892 that’s enough to build 60 nuclear aircraft carriers every year.
So money that’s “just sitting there” unspent is costing taxpayers billions in interest every single year. You’re paying to borrow money that nobody is using.
Why would Democrats want money sitting there?
Because flooding the system with borrowed money drives inflation. And inflation is a wealth transfer machine. It makes asset holders richer and everyone else poorer. Poorer Americans need more government services, which requires bigger government, which is exactly what Democrats want. It’s a self-reinforcing cycle.
Here’s a simple example. Say you buy a house for $1M and your salary is $100K. It takes you 30 years to pay it off. Now massive inflation kicks in and the dollar loses 90% of its value.
Your inflation-adjusted income is the same, but your paycheck now reads $1M a year. Your mortgage is still $1M.
You can pay it off almost overnight.
Same principle works for the donor class.
A congressman’s biggest donor buys a supermarket chain with $1B in debt. Severe inflation means he charges far more for groceries, but his debt stays the same. He gets rich. And of course he tells the congressman all about it, so they can buy stock in the chain and make millions.
Now here’s the real play.
That appropriated money is still sitting in Treasury accounts. Republicans won’t spend it. But in four or eight years, much of it will still be there, waiting for Democrats to direct it to allies.
And that’s an even better grift. If you appropriate new money, people scrutinize it. Hearings. CBO scores. Press coverage. But if money has been sitting idle for years, nobody cares.
In fact, bureaucrats will encourage you to spend it because everyone wants idle obligations off their books.
And if they are really eager to get the money off their books maybe they find a way to give it to USAID or the CIA to spend overseas.
The appropriation is the grift. Not the spending. The borrowing happens the moment Congress passes the bill.
Interest starts accruing that day.
Whether a single dollar reaches its intended purpose is almost beside the point. The debt is already on your tab.
Just saying “we didn’t spend it” is like maxing out your credit card and telling your wife you didn’t spend the money because the shopping bags are still in the trunk.
And the economists even invented a new theory to help Dems justify this: Modern Monetary Theory
MMT is purposely complicated but it basically says a government that issues its own currency cannot run out of money the way a household can, so the real limit on spending is inflation, not insolvency. And inflation is good so spending is good 🫠🫠
Biden’s top economist was a huge MMT fan.
