Donald Trump, a former president, famously said that America will "never be a socialist country." Then Joe Biden defeated him in the 2020 presidential contest.
The most recent illustration of Biden's lack of interest in keeping Trump's promise is a new government regulation on mortgage costs that would take money from those with high credit to subsidize mortgage rates for those with bad credit. Sen. Tim Scott (R-SC) expressed his vehement opposition to the decision and said that Biden was taking a hard left swing toward socialism.
For his remarks, Scott deserves praise since it is precisely what Biden is doing. Biden wants to start a sequel 15 years after the country's banks and other financial institutions overextended loans to speculative house buyers and repeatedly took unwarranted risks, resulting in the financial catastrophe of 2008. It is the Democrats' most recent effort to reward those who have financial and credit difficulties and penalize those who practice budgetary responsibility. These strategies constitute the foundation of socialism and communism, a behaviour that incensed Scott.
"If we weren't discussing the best country on Earth, it would be humorous. If you are physically capable, you are exempt from working in Biden's socialist paradise. In a confrontational interview with Fox News, Scott said, "If you commit a crime, you don't serve any time. "Guess what, if you take out a loan? You are not required to repay it. Lower interest rates are offered to those with weak credit. This is the road to socialism, yet this paradise never existed.
This regulation reflects the Obama administration's preference for wealth redistribution. Given that Biden served as vice president at the time, it makes sense. The relative lack of outcry about it, particularly among Republicans and in particular among those who have their finances in order and would be impacted by this, is puzzling. Those who claim to be against the introduction of socialism in the United States are utterly silent.
"It's exactly what it looks like, and that's why it's so frustrating to watch the Biden administration create rules — not new laws, but rules that change the very fabric of our country," Scott said.
More people need to be concerned about this risky move for the nation. It penalizes those who upheld the law, gave up fleeting pleasure, put in all the effort, and took financial responsibility. Middle-class Americans are suffering under the Biden administration. People with bad credit are given a discount, while those with good credit and those who put down larger amounts of money are penalized with higher fees. It's a complete shame. It's encouraging to hear Scott call Biden on it. More Republicans ought to take his example.
The most recent illustration of Biden's lack of interest in keeping Trump's promise is a new government regulation on mortgage costs that would take money from those with high credit to subsidize mortgage rates for those with bad credit. Sen. Tim Scott (R-SC) expressed his vehement opposition to the decision and said that Biden was taking a hard left swing toward socialism.
For his remarks, Scott deserves praise since it is precisely what Biden is doing. Biden wants to start a sequel 15 years after the country's banks and other financial institutions overextended loans to speculative house buyers and repeatedly took unwarranted risks, resulting in the financial catastrophe of 2008. It is the Democrats' most recent effort to reward those who have financial and credit difficulties and penalize those who practice budgetary responsibility. These strategies constitute the foundation of socialism and communism, a behaviour that incensed Scott.
"If we weren't discussing the best country on Earth, it would be humorous. If you are physically capable, you are exempt from working in Biden's socialist paradise. In a confrontational interview with Fox News, Scott said, "If you commit a crime, you don't serve any time. "Guess what, if you take out a loan? You are not required to repay it. Lower interest rates are offered to those with weak credit. This is the road to socialism, yet this paradise never existed.
This regulation reflects the Obama administration's preference for wealth redistribution. Given that Biden served as vice president at the time, it makes sense. The relative lack of outcry about it, particularly among Republicans and in particular among those who have their finances in order and would be impacted by this, is puzzling. Those who claim to be against the introduction of socialism in the United States are utterly silent.
"It's exactly what it looks like, and that's why it's so frustrating to watch the Biden administration create rules — not new laws, but rules that change the very fabric of our country," Scott said.
More people need to be concerned about this risky move for the nation. It penalizes those who upheld the law, gave up fleeting pleasure, put in all the effort, and took financial responsibility. Middle-class Americans are suffering under the Biden administration. People with bad credit are given a discount, while those with good credit and those who put down larger amounts of money are penalized with higher fees. It's a complete shame. It's encouraging to hear Scott call Biden on it. More Republicans ought to take his example.
