President Trump appears to be vetoing the massive $900 billion coronavirus stimulus bill passed by Congress yesterday, slamming it for being full of “wasteful and unnecessary” items.

“Throughout the summer, Democrats cruelly blocked COVID relief legislation in an effort to advance their extreme left wing agenda and influence the election,” Trump announced.

He added that “it’s taken forever” to get a bill together, and now it “is much different than anticipated.”

“It really is a disgrace,” the President urged, demanding that Americans have stimulus checks upped to $2,000, while all manner of pork, including mountains of foreign aid, be stripped out of the legislation.

“Send me a suitable bill or else the next administration will have to deliver a COVID relief package and maybe that administration will be me and we will get it done,” Trump raged.

Watch:

pic.twitter.com/v9Rdjz6DNu

— Donald J. Trump (@realDonaldTrump) December 23, 2020

Before the bill passed the Senate Tuesday, Senator Rand Paul, one of only six Republicans who voted against the legislation, slammed it as an ‘excessive’ waste of money, and said that all Republicans voting for it are no better than the ‘socialist’ Democrats they routinely criticise.

We are borrowing and worsening this debt crisis, in part, because too many governors and mayors have imposed heavy handed restrictions that crush business…https://t.co/oh3gantiQl

— Senator Rand Paul (@RandPaul) December 21, 2020

“When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity,” Paul urged.

Paul also noted that it would have been impossible for anyone to have read the bill:

My guess Big Spenders in Both Parties will pass this without anybody ever really reading it.

Not me,  I’m a no.

— Senator Rand Paul (@RandPaul) December 21, 2020

Senator Ted Cruz also noted this, agreeing with Democrat Rep. Alexandria Ocasio-Cortez:

.@AOC is right.

It’s ABSURD to have a $2.5 trillion spending bill negotiated in secret and then—hours later—demand an up-or-down vote on a bill nobody has had time to read. #CongressIsBroken https://t.co/EQp8BfRBHj

— Ted Cruz (@tedcruz) December 21, 2020

The difference, however, is that Paul and Cruz voted against the bill, where as AOC just voted in favor anyway.

The bill passed the House 359-53 and the Senate 92-6, but now it appears Trump will send it back.

Senator Rand Paul slammed Republicans Monday for voting in favour of a huge $900 billion coronavirus relief bill, saying that they are no better than the Democrats they routinely label as ‘socialists’.

“To so-called conservatives who are quick to identify the socialism of Democrats: If you vote for this spending monstrosity, you are no better,” Paul urged in a speech on the Senate floor:

We are borrowing and worsening this debt crisis, in part, because too many governors and mayors have imposed heavy handed restrictions that crush business…https://t.co/oh3gantiQl

— Senator Rand Paul (@RandPaul) December 21, 2020

The Democrat controlled House, as well as the Senate passed the legislation, also tacking on a $1.4 trillion spending bill, prompting Paul to criticise the move as the government giving away “free money”.

“When you vote to pass out free money, you lose your soul and you abandon forever any semblance of moral or fiscal integrity,” Paul urged.

“If free money was the answer… if money really did grow on trees, why not give more free money?” Paul said.

“Why not give it out all the time? Why stop at $600 a person? Why not $1,000? Why not $2,000? Maybe these new Free-Money Republicans should join the Everybody-Gets-A-Guaranteed-Income Caucus? Why not $20,000 a year for everybody, why not $30,000? If we can print out money with impunity, why not do it?” the Senator proclaimed.

In addition to Paul, only five other Republicans voted against the legislation:

6 Republican against voted against the relief bill:

Marsha Blackburn
Rick Scott
Ron Johnson
Mike Lee
Rand Paul
Ted Cruz

— Kyle Griffin (@kylegriffin1) December 22, 2020

Senator Ted Cruz tweeted that there was no time to even read the bill, ironically agreeing with extreme leftist Democrat Alexandria Ocasio-Cortez:

.@AOC is right.

It’s ABSURD to have a $2.5 trillion spending bill negotiated in secret and then—hours later—demand an up-or-down vote on a bill nobody has had time to read. #CongressIsBroken https://t.co/EQp8BfRBHj

— Ted Cruz (@tedcruz) December 21, 2020

Paul also noted that it would have been impossible for anyone to have read the bill:

My guess Big Spenders in Both Parties will pass this without anybody ever really reading it.

Not me,  I’m a no.

— Senator Rand Paul (@RandPaul) December 21, 2020

Paul vowed to continue to ‘sound the alarm’ over excessive spending:

I will oppose this new debt, and I will continue to sound the alarm until we change our course here in Congress.

— Senator Rand Paul (@RandPaul) December 21, 2020

It doesn't have to be this way. This debt crisis is a preventable crisis. It is not too late to change our course. Cut unnecessary spending, eliminate waste, stop fighting a $50 billion per year forever war in Afghanistan. Make the hard decisions now.

— Senator Rand Paul (@RandPaul) December 21, 2020

We can choose to let our economies open, with guidance and precautions but not obstruction. Let people rebuild their livelihoods. Reopen our schools so kids can learn and parents can go back to working and earning a living.

— Senator Rand Paul (@RandPaul) December 21, 2020

Great news:

Congress will, in 3 years, quit sending stimulus checks to dead people!!!

Strong work, Congress (sarcasm intended).

Until then, the dead will continue to vote and to cash government checks.

Wouldn’t want to rush something like that…

— Senator Rand Paul (@RandPaul) December 22, 2020

If Joe Biden were to be elected his Presidency would cost American taxpayers $11 trillion dollars, according to a study by The Manhattan Institute for Policy Research.

The conservative 501 found that Biden’s proposals on social security, health care, climate and infrastructure could plunge the US into a debt crisis.

Speaking to the Daily Caller, author of the report Brian Riedl noted that “The policies he’s proposing are going to endanger the economy over the long term,” adding “$4 trillion in new taxes, which is the biggest tax increase since the end of World War II, as well as $11 trillion in new spending, certainly more regulation, a higher minimum wage. All of that is going to weaken the economy.”

For those interested, I've released the new 2020 version of my budget chartbook.

100 pages of charts that defy conventional wisdom on budget, spending, tax, and deficits. You can download the chartbook here – https://t.co/rKZ20fxvuk

— Brian Riedl 🧀 (@Brian_Riedl) October 27, 2020

Biden has proposed $2.4 trillion in coronavirus stimulus spending, as well as $2 trillion for climate and infrastructure, and a $1.5 trillion health care expansion. It is estimated that education spending will amount to $750 billion under Biden, which includes a free college plan.

Biden has offered little in the way of explaining how the costs will be covered, other than tax hikes, which he claims will be targeted at large corporations.

The problem is beginning with a $13 trillion baseline deficit over the decade, adding $11 trillion in new spending promises, and then hoping a $3.5 trillion tax increase on the rich will make the numbers work. Eventually, big middle-class benefits require big middle class taxes. https://t.co/G6AmsbfytG

— Brian Riedl 🧀 (@Brian_Riedl) October 5, 2020

Bets are in, and the odds look heavily in Trump’s favor and it’s because the betting tables have all the right data.

The numbers were crunched using figures from Biden’s campaign website, the Committee for a Responsible Federal Budget and the Congressional Budget Office.

“It’s absolutely unsustainable,” Riedl noted adding that “The danger is that eventually the interest costs will bury us. When you borrow that much money, all it takes is a small increase in interest rates to completely bury the federal budget.”

“Ultimately, we’re going to face a reckoning that requires either significant reforms to programs like Social Security and Medicare, or a possible doubling of middle class taxes,” Riedl warned, declaring that “There’s really no third option.”

“The worst case scenario is that politicians continue to pour gasoline on the fire by enacting even more spending, which just accelerates a debt crisis,” Riedl urged.

Under President Trump, the deficit has remained under $1 trillion each year. However, it is projected to jump to almost 4 times that this year due to coronavirus spending.