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Category: Spending/Inflation

Jul 10 2024

Pier for Hamas Cost Us $11 Million/Day

Cost is no object when other people pay. So the Biden Regime probably has no regrets about virtue signaling its sympathy for Hamas with a botched floating peer that ended up costing us $11 million per day:

Still more money flagrantly wasted won’t help tame inflation. But the important thing is that the rabid moonbats comprising the Democrat base know Biden will step up for Muslims in the aftermath of even the most horrific terror atrocities.

On a tip from WDS 2.0.

Jun 25 2024

National Deficit Spirals Out of Control

At this rate, we may not make it to November. Implementation of the Cloward-Piven strategy is entering the end stage:

The U.S. Congressional Budget Office released new estimates [last] week that the federal deficit this year will be nearly $2 trillion, more than double the deficits just five years ago.

According to the CBO,

In CBO’s current projections, the deficit for 2024 is $0.4 trillion (or 27 percent) larger than it was in the agency’s February 2024 projections, and the cumulative deficit over the 2025–2034 period is larger by $2.1 trillion (or 10 percent). The largest contributor to the cumulative increase was the incorporation of recently enacted legislation into CBO’s baseline, which added $1.6 trillion to projected deficits. That legislation included emergency supplemental appropriations that provided $95 billion for aid to Ukraine, Israel, and countries in the Indo-Pacific region.

Our rulers are looting America to death and giving the money to other countries. Only Biden’s border policy could top that for in-your-face treason.

CBO also projects that interest payments alone will be nearly $900 billion and total $13 trillion over the next ten years.

I wouldn’t worry about anything 10 years out at this point. By then, the USA will collapse into insolvency according to plan, canceling all debts and ushering in our utopian Marxist future. As the economist Herbert Stein observed, if something cannot go on forever, it will stop.

On a tip from ABC of the ANC.

Jun 21 2024

Free Luxury Housing for Bums

These days the American dream of owning their own home is beyond the reach of many young people, mainly due to the crushing burden of excessive government, which has driven up interest rates and the cost of housing. Their problem is, they are going about it the wrong way. Instead of getting a job and working hard so they can afford a mortgage, they should quit their jobs, blow their money on fentanyl, and spend their time defecating on the sidewalk. That would earn them the reverence of the liberal establishment, which bestows extravagant privileges on those it adores — including luxury housing. No need to own a home when Big Government provides for you:

It would be nice to think that at some point, the people who are effectively enslaved through taxation so as to pay for this will push back. But apparently it is too late for that to happen in California.

On tips from WDS 2.0, Franco, and Wiggins.

Jun 14 2024

Clue as to Where Some Ukraine Money Is Going

Where do the $billions upon $billions our kakistocracy has committed us to keep bestowing upon Ukraine actually end up? Maybe some of it goes up Zelensky’s nose:

Could be Barack Obama isn’t the only world leader of recent times who should be more careful about what he puts up his nose.

No wonder Ukrainians get along so well with Biden’s drug-addled bag man Hunter that they were paying him $100,000/month.

On tips from WDS 2.0 and Wiggins.

May 17 2024

Open Thread

Compliments of Chuck A.

May 13 2024

$7.5 Billion for Seven EV Chargers

Capitalists countries are conspicuously wealthier than socialist countries because the free market allocates resources vastly more efficiently than coercive bureauweenies. For example:

The Bipartisan Infrastructure Law, signed by Biden in November 2021, allocated $7.5 billion for EV charging, the Washington Post writes. Of this amount, $5 billion went to states as “formula funding” for the National Electric Vehicle Infrastructure program to establish a network of fast chargers along major highways.

Today, there’s seven chargers with a total of just 38 parking spots.

Total value to taxpayers: virtually nil. Democrats may as well pile up our money and set it on fire — except that would defeat the virtue-signaling purpose by offending their atavistic weather gods with harmless but haram carbon emissions.

On a tip from ABC of the ANC.

May 06 2024

Chicago Teachers Union Displays Astonishing Greed

Where pathological greed meets radical leftism, there you will find teachers unions. In Chicago — launchpad of Barack Obama’s political career — the union has degenerated into a mob of looters:

The Chicago Teachers Union (CTU) is negotiating a new contract with the public schools system and is understood to be calling for an extra $50 billion to pay for wage hikes as well as other demands such as fully paid abortions for its members, new migrant services and facilities and a host of LGBT-related requirements and training in schools.

To put the figure into context, the total base tax receipts for the state of Illinois last year were $50.7 billion.

Only 21% of Chicago 8th graders are proficient at reading. But no doubt they are well versed in alternative pronouns and know how to put a condom on.

Uselessness pays well where the woke are in charge:

Union President Stacy Davis Gates’ audacious plan calls for members to bank at least 9% wage increases each year through fiscal year 2028.

The average salary of a teacher in Chicago Public Schools is $93,182, according to research by the Illinois Policy Institute, a conservative nonprofit think tank. Therefore, the average teacher’s pay will increase by half to $144,620 in the 2027-2028 school year, it says.

Not bad for unskilled part-time babysitters who take summers, weekends, and every conceivable holiday off.

That figure would equate to more than double the median household income in Chicago, according to Census Bureau statistics.

Yet the media bleats piteously that teachers are unpaid.

If you think the outrageous demands will be laughed off, consider that the mayor is ultraleftist Brandon Johnson:

Johnson, a former CTU legislative coordinator who was put forward by the union to run for mayor. As of June 30, 2023, CTU had funneled more than $2.6 million into Johnson’s campaign while he received more than $6 million from teachers unions altogether, according to the Illinois Policy Institute.

Chicago already spends $21,000 per year per student, producing so little benefit for the money that Davis herself sends her son to private school — though the preferredly pigmented Davis has proclaimed that school choice is racist.

Meanwhile, Illinois State Comptroller Susana Mendoza reports on what the liberal locust swarm has been doing to the state’s finances:

Illinois is on pace to spend an additional $6.2 billion more than it receives in revenue this fiscal year alone if the state continues its current rate of spending without a budget.

She observes that “the spending is open-ended and our fiscal path is catastrophic.”

Progressives interpret this to mean they had better grab fast before Illinois collapses and there is nothing left to grab. Those in charge in Chicago are the equivalent of a Black Lives Matter mob going through a department store.

On tips from Varla, Jack D, and WDS 2.0.

May 05 2024

Bidenomics and Hanlon’s Razor

Hanlon’s razor dictates that we should never attribute to malice that which is adequately explained by stupidity or incompetence. Biden chief economic adviser Jared Bernstein provides support for it:

“Like you said, they print the dollars. So why, why does the government even borrow?” an interviewer asked Bernstein.

If our rulers didn’t borrow or tax but just paid for everything on the leftist wish list through inflation, at least we wouldn’t be on the hook for hundreds of $billions in interest on the national debt.

Bernstein’s learned answer:

“Well, um, the uh … so the … I mean, again, some of this stuff gets — some of the … language that — some of the language and concepts are just confusing. I mean, the government definitely prints money and it definitely lends that money, which is why … um … the government definitely prints money and then it lends that money by, uh, by selling bonds. Is that what they do? … They, they uh … they, yeah, they um … they sell bonds … yeah, they sell bonds. Right? Since they sell bonds and then people buy the bonds and lend them the money,” Bernstein said in the documentary, “Finding The Money.”

Unsurprisingly, this disoriented dope has been a major proponent of Bidenomics, as well as Biden’s outrageously unfair policy of defying the Supreme Court by forcing us to pay off other people’s student loans.

Bernstein’s cluelessness is good news. If the Biden Regime is as hostile to America as its Ivy League brain trust and the spittle-spewing Hamas supporters comprising the Democrat base, incompetence may be the only thing slowing down its destruction of the country.

On tips from seaoh and taxpayer22.

May 03 2024

United Nations Wants $30–$40 Billion for Hamas

The fortune Democrats have already bestowed upon Hamas to reward the horrific terror atrocities of October 7 is only the beginning:

A UN agency said Thursday rebuilding war-wracked Gaza will cost an estimated $30 billion to $40 billion and require an effort on a scale unseen since World War II.

Following WWII, the Marshall Plan was used to build up our European allies as a bulwark against communism. We are more enlightened now. We give the money to enemies sworn to our destruction.

According to United Nations Assistant Secretary-General Abdallah al-Dardari,

if Gaza’s reconstruction were to be carried out through the normal process, “it could take decades, and the Palestinian people do not have the luxury of waiting for decades”.

“It is therefore important that we act quickly to re-house people in decent housing and restore their lives to normal — economically, socially, in terms of health and education”.

Keep your nose to the grindstone, taxpayers. Someone has to create wealth before our globalist rulers can appropriate it to reward evil throughout the world. Free money from the USA accounts for one third of the UN’s massive budget.

It isn’t only to a favored identity group at home that we have been enslaved.

On a tip from ABC of the ANC.

Apr 15 2024

Denver Pours Money on Illegals, Cuts Essential Services

New York isn’t the only liberal-run city to cut essential services to citizens while pouring massive amounts of their money upon illegal aliens, or to provide the unlawful invaders with prepaid debit cards. Recently we learned that Denver is diverting $90 million to be bestowed upon “newcomers.” Here’s how Democrats plan to pay for it:

Denver intends to defund its police force and fire department in order to better support those illegally entering the U.S. through a program that provides a monthly debit card based on family size, free housing, “access to language instruction, career pathway explorations, industry-recognized credential training, and work-based learning opportunities.” …

Democrat [Mayor Mike] Johnston praised the revised proposal on Wednesday, arguing that it was the best way to address budget deficits and give services to those who are [in the country illegally].

When cuts to the police and fire departments result in more crime and houses burning down, Democrats will propose the obvious solution: higher taxes.

Denver already has a big problem:

Nearly 40,000 migrants have arrived in Denver over the past year, making a city with a population of just over 710,000 the top destination per capita for newly arrived migrants crossing the U.S. southern border and traveling north in buses from Texas.

The lavish incentives ought to draw still more, even as rising taxes and crime drive out Americans. They are deliberately reducing Denver to a slum so as to guarantee perpetual Democrat rule.

On a tip from Wiggins.

Apr 15 2024

$2.1 Billion Raise for NYC Bureaucrats

Under leftist Mayor Eric Adams, New York City has showered $billions upon $billions on illegal aliens, even providing them with prepaid credit cards, while driving out the tax base with Marxist policies, forcing cuts in essential services like police. Now is the time for him to give his underlings a $2.1 billion raise:

The salary increases, which Adams approved in February without putting out a press release, will retroactively boost salaries by 16.2% for managers and other non-union employees when compounded annually over a five-year period dating back to 2021. …

Under Adams’ order, managers and non-union staffers making $100,000 will see their pay increase to $112,550 next month and $116,208 the following year.

Most Americans who do actual productive work make a lot less. Systematically destroying a formerly great city pays well:

Anyone earning $200,000 before the agreement – first reported by Politico – would have their salary surge to $225,101 in May and $232,417 next year.

The greed and arrogance of our moonbat rulers are so prodigious, you almost have to stand in awe.

Where will the money to pay for this come from? Your savings, after NYC’s inevitable federal bailout is financed through inflation.

On a tip from WDS 2.0.

Apr 12 2024

Taxes Fund Malevolent Agenda at Municipal Level

It isn’t only at the federal level that liberals have been spending us into oblivion. Consider cities like Denver and San Antonio.

Regarding Denver:

As for San Antonio:

San Antonio City Council included $500,000 for a “Reproductive Justice Fund” in its 2024 budget. Councilmembers said they intended to provide grants to organizations that pay for out-of-state abortions and even assist with illegal chemical abortions in Texas.

Procuring out-of-state abortions…

…is a criminal act when any part of the procurement process occurs within Texas.

But if rule of law were binding on Democrats, Biden would not be defying a Supreme Court ruling to make us pay $billions more to cancel student loan debt.

These looters must be pried from power at every level of government, lest they spend our last penny on their pernicious agenda.

On tips from Wiggins and ABC of the ANC.

Apr 11 2024

Whoopi Goldberg Solves Inflation

Leave it to a millionaire Marxist to determine the true cause of inflation. It is not Joe Biden flagrantly wasting trillions of dollars as arrogantly as possible while waging war on the energy sector (and thereby the transportation of goods) that drives up prices. Greedy grocery stores are charging too much. Whoopi Goldberg has it figured out — and we would all agree if we “knew civics”:

From there the solution to rising prices is simple. Confiscate stores from their owners and put Joe Biden in charge of them. Then all the stuff in the stores will be free, like student loans.

Maybe her cohost Sunny Hostin, who believes the imaginary climate crisis causes earthquakes and solar eclipses, should be the one to tell Whoopi that she is as stupid as she is repulsive and ought to just shut up.

On a tip from Varla.

Apr 04 2024

Feds Waste $1 Million on Hispanic Microaggressions

The federal debt is still a little shy of $35 trillion. It is taking our moonbat rulers longer than they probably planned to spend the nation into economic collapse. So they waste our money ever more absurdly:

Researchers at the University of Houston have received $958,283 in grant funding from the Department of Health and Human Services (HHS) and the National Institutes of Health (NIH) to determine if ethnic microaggressions directed toward “Latinx” populations are leading to elevated rates of alcoholism, smoking and obesity, grant records show.

A “microaggression” is a slight that exists only in the imagination of the belligerently hypersensitive. For example, asking people where they are from is listed as a microaggression. To believe microaggressions are real in any meaningful sense requires a zealous commitment to moonbattery.

Calling people “Latinx” is more insulting than the innocuous comments leftists characterize as microaggressions. Maybe the researchers used it on purpose to see if it would cause Mexicans to be fat.

One of the goals of the research was to determine whether microaggressions instill “greater fears of exercise” in those of Hispanic heritage. Academics must not value their own time, to let DC bureauweenies buy it and waste it so uselessly.

This isn’t the NIH’s only foray into microaggression research. The agency paid out over $2.8 million between 2021 and 2024 to study the effect of microaggressions on black queer women living with HIV, grant records show.

Next will come a massive government grant to ascertain how many microaggressions can be written on the head of a pin.

On a tip from Franco.

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