CHIPS=Creating Helpful Incentives to Produce

Legislation passed in August 2022 adds about $280 billion to our National Debt. Sure, one could say this program will pay for itself. But Congress has stated that just about every time they increase the National Debt. Hence, if the Debt continues to increase not many of these government programs are “paying for themselves”

I understand the goal of CHIPS and Science Act is to strengthen US science and technology innovation, right here in the U.S. The bill, a Biden administration priority, includes $52 billion in subsidies to encourage chip manufacturers to build out semiconductor fabrications plants, or “fabs,” in the US.

But look at many of the companies that will benefit. We are supposed to be a Capitalist society. This bill is a prime admission that Capitalism will not work. If the Semi-conductor industry is so vital then let supply and demand fund the goal of new plants being built in the U.S. Obviously, there was a Capitalistic reason many plants were built overseas (China and India)-because it benefitted the Supplier and the User-THAT IS CAPITALISM.

Now some of the Whore’s named below are being “legally bribed” to build plants in the U.S. This is nuts. These companies have plenty of their own resources. But Whores want more and more. And the morons in Congress do not care about the Debt-because our descendants 50 to 100 years from now can pay it back!