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Category: Spending/Inflation

Feb 19 2024

Zelensky and Biden Fume Over Slow Money Flow

If you thought no one could be more arrogant that our rulers in the District of Corruption, consider their beneficiary Volodymyr Zelensky, who regards a 2-week recess by Congress as unacceptable. He scolded our legislators during a conference alongside Kamala “Heartbeat Away” Harris:

“Please, everyone, remember that dictators do not go on vacation,” he said during a speech at the conference.

Joe Biden — known for his business dealings in Ukraine — is less polite:

“Two weeks, they’re walking away,” Biden said at the White House. “Two weeks. What are they thinking? My God, this is bizarre, and it’s just reinforcing all of the concern and almost – I won’t say panic – but real concern about the United States being a reliable ally. This is outrageous.”

Congress needs to keep its nose to the grindstone. Our money is not going to find its way via inflation from our bank accounts to a corrupt Eastern European backwater all by itself.

The Senate has voted to hand Ukraine another $60 BILLION of our money. Zelensky and Biden are enraged that the House hasn’t passed the bill quickly enough.

On a tip from WDS 2.0.

Feb 06 2024

Open Thread

Anybody who has ever been in business, anybody who has ever paid bills, anybody who has ever lived in a serious adult life knows that indebtedness is a killer. - Frank Lautenberg

Jan 30 2024

Congress to Shovel More Welfare at Illegal Aliens

According to government-affiliated public broadcasting, debt is good, because it is savings. This is fortunate, because bribing the Third World to pour across the undefended border to displace us out of existence is going to cost more than even the Uniparty could raise by taxation:

The Heritage Foundation has details on…

…the relative size of the expansion of the welfare state under the TRAFWA, the bill’s weakening of work requirements, its contribution to excessive benefits, its subsidization of illegal immigrants, its embrace of liberal priorities, and the harm it would cause to marriage and families.

The millions upon millions of illegal aliens flooding the country in the largest invasion in human history already consume more welfare benefits than American citizens. Just wait until we get bipartisan immigration reform.

On a tip from WDS 2.0.

Jan 29 2024

NPR Expert: Debt = Savings

The establishment media is in a state of freefall due to its willingness to sacrifice credibility to advance the leftist agenda. But if you think private sector propaganda platforms like ABC, NBC, CBS, and CNN are a joke, consider the media outlets that are financed by Big Government. Examples include the BBC, PBS, and at the last limits of lunacy, NPR — which informs us that the mountain of debt compiled by moonbats as they waste our money on crap like public broadcasting actually constitutes savings.

From National Public Radio:

NPR’s Leila Fadel talks with Stony Brook University professor of economics Stephanie Kelton about some potential benefits of the nation’s $34 trillion of debt.

The word “benefits” is not a typo.

Fadel introduces her guest as…

“…a senior economic adviser for Senator Bernie Sanders’ presidential campaigns. She’s also a proponent of modern monetary theory, or MMT, which argues that since the U.S. prints its own currency, it can’t run out of money like a household or a business can.”

An economic advisor to a communist believes we can produce infinite wealth by printing infinite money. Refer to Zimbabwe to see how this turns out in real life.

The nutty professor explains her theory that debt is savings:

“So over the arc of U.S. history, the U.S. government typically spends on an annual basis more dollars into the economy than it taxes away from us. And so it’s adding dollars, and over time, we keep track of how many dollars have been added. And what that 34 trillion is telling you is that over the long sweep of history, the U.S. government has put that many dollars into our hands without taxing them away. So what it is is it’s our after-tax savings that’s being reported.”

Then the men in white coats arrived with their butterfly nets and escorted her away.

Currency issued by the government is not wealth; it only represents wealth. NPR’s expert is unwilling or unable to grasp this:

“[T]he idea that taxes pay for what the government spends is pure fantasy,” she writes in The Deficit Myth. “[I]t is the currency issuer — the federal government itself — not the taxpayer, that finances all government expenditures.”

Meanwhile, as even some liberals understand,

MMT is a recipe for hyperinflation, as Harvard economist and former Clinton Treasury Secretary Lawrence Summers has noted, along with countless other economists. …

Printing mass amounts of money cannot solve the problem of scarcity.

An economist who cannot comprehend scarcity is like a mathematician who cannot count.

“The carpenter can’t run out of inches,” she tweeted in 2019. “The stadium can’t run out of points. The airline can’t run out of [frequent flier] miles. And the USA can’t run out of dollars.”

There is a reason Kelton has crazy eyes. She is crazy.

There is also a reason NPR provided a platform to this kook:

Kelton was all but certain to say the $34 trillion debt was no problem. Don Boudreaux, Peter St. Onge, David Henderson, Bob Murphy, Antony Davies, or any number of other free-market economists would have given a very different answer, one that no doubt would have been far more grounded in economic reality. But as a media entity receiving tax dollars, NPR has little incentive to promote a free-market economist or free-market views. Indeed, they have an incentive to do precisely the opposite.

The skyrocketing national debt is not the only looming crisis that we will be lucky to survive. There are also the undefended border, the likelihood of Iran acquiring intercontinental nuclear missiles, and a ruling class that may actually believe its own self-serving lies, no matter how preposterous.

On a tip from Barry A.

Jan 20 2024

Feds Blow $1 Million on Game for Perverted Children

Wasting money is easy. But wasting trillions of dollars while maximizing offensiveness to the regular Americans who have to pick up the tab through taxation and inflation requires creativity. Only gifted bureauweenies could have thought to blow over $1 million of our money on a video game for sexually deranged children:

The National Institutes of Health (NIH) has approved $1,075,660 in grant funding since 2016 to develop and test the effectiveness of a Japanese role-playing game-inspired web app in reducing binge drinking among sexual and gender minority youth, according to a federal grant database.

By “youth,” they mean kids:

The grant defines sexual and gender minority youth as people under 18 who identify as transgender, nonbinary, gay, bisexual or lesbian, among other identities.

Kids are taught that being homosexual makes them special:

Gay youths playing the game take on the role of a “superhuman individual” who faces discrimination at school “because of their uniqueness,” according to NIH-funded researchers.

In no healthy society would children be coached to define themselves according to deviant sexual practices.

Likewise, in no healthy society would binge drinking among children be an issue. Preventing it would best be accomplished not by video games that encourage sexual perversion, but by engaged parents. The federal government could do its part by letting up on the War on Family, which it has waged by incentivizing having children out of wedlock through the Welfare State and by attacking the institution of marriage in the name of the LGBT agenda.

Where does our $1 million actually go? Into the voracious maw of “higher” education, which is well paid for its critical role in devising and instilling ruling class ideology. Specifically, the University of Pittsburgh gets the booty.

On a tip from Franco.

Jan 17 2024

Dems Spend on Pregnant Boys and Worldwide LGBTism

With Democrats in control, a major purpose of the federal behemoth is to spend our money promoting the depraved and destructive LGBT agenda both at home and abroad.

At home, they spend to prevent “transgender boys” from getting pregnant:

The Biden administration has plowed almost $700,000 to support the creation of a national pregnancy prevention program for transgender boys, according to federal grant records. …

The program will utilize a text-messaging program designed for “cisgender sexual minority girls” aged between 14-18 to “address social and structural influences of sexual behavior” in trans males, the grant’s description says.

Even liberals know that no boy ever has or ever will become pregnant. Translating out of the Liberalese, the money is to prevent girls who pretend to be boys while having sex with real boys from conceiving children. Such are the priorities of our rulers as the country comes apart.

The point of specifically targeting “transgender boys” is to advance the liberal dogma that boys can become pregnant, thereby weakening our grip on reality.

The $700,000 is a drop in the bucket:

As we reported in November last year, the Biden Administration has already spent $4.1 billion in taxpayers’ money on LGBT initiatives nationally and worldwide during the last three fiscal years.

Abroad, the redistribution of our wealth to other countries comes with rainbow-colored strings attached:

The USDA’s Sub-Working Group for the Memorandum on Advancing the Human Rights of Lesbian, Gay, Bisexual, Transgender, Queer, and Intersex Persons Around the World identified three separate farm agencies that work internationally, according to a heavily redacted Oct. 18 memo obtained by The Heritage Foundation’s Oversight Project through the Freedom of Information Act.

One of these agencies is the Foreign Agricultural Service.

The Foreign Agricultural Service, or FAS, issues agriculture grants abroad. The memo says it will incorporate “sexual orientation nondiscrimination protections into FAS terms and conditions for grants and agreements and notices of funding opportunities (NOFOs) to international beneficiaries.”

“Nondiscrimination” in this context is Liberalese for promotion of the LGBT agenda. This agenda has resulted in groomed children undergoing horrific sex-change procedures here in the USA.

Aside from promoting sin, degeneracy, and insanity in accordance with their social engineering objectives, Democrats’ grotesquely excessive spending may be an end in itself. The national debt has skyrocketed past $34 trillion under Biden. As economist Herbert Stein famously observed, if something cannot go on forever, it will stop. When the house of cards collapses is when Democrats will have leverage to impose the Great Reset on a population reduced to starvation.

On tips from seaoh and ABC of the ANC.

Jan 08 2024

Free Sex Change Surgery for Illegal Aliens

To the long list of inducements Democrats offer welfare colonists to invade the USA and displace its citizens we can add free sex change surgery.

California has massively expanded the free healthcare it provides illegal aliens, despite a $68 billion deficit. Among the beneficiaries of this coercive largesse will be the sexually insane:

The Golden State is expanding its massive health care system this year, which means more taxpayer dollars will fund sex change surgeries for state residents, regardless of their citizenship status. …

California’s Medi-Cal covers costs for hormone therapy and procedures “that bring primary and secondary gender characteristics into conformity with the individual’s identified gender, including ancillary services, such as hair removal, incident to those services.”

If only all of these procedures were as harmless as hair removal.

Nearly 700,000 illegal immigrants between the ages of 26 and 49 qualify, as of Jan. 1, for these federal health care services, which will cost California taxpayers an estimated $3.1 billion. For those living in California illegally within this age range, it translates to approximately $4,058 per year in medical coverage subsidies funded by the state’s general fund.

The numbers will continue to rocket upward so long as Democrats are in position to keep the border open.

A recent report from Immigration and Customs Enforcement (ICE) shows a significant rise in the number of undocumented immigrants not held in detention. It went up from 3.7 million in 2021 to almost 4.8 million in 2022 and nearly 6.2 million in 2023. These are illegal migrants with final orders to leave or who are in the process of being removed but aren’t held in ICE custody.

This is only a small percentage of the actual number of illegal aliens. They have been given good reason to flood in from every corner of the Third World:

“In California, we believe everyone deserves access to quality, affordable health care coverage — regardless of income or immigration status,” Gov. Newsom’s office reportedly said in a statement.

When Democrats bark about healthcare, they largely mean abortion and sex change procedures. By “affordable,” they mean someone else pays for it — namely you.

You can see why Gavin Newsom is positioning himself to replace the conspicuously senile Joe Biden. As POTUS, he could just print the money and pay for this waste through inflation, rather than keep jacking up already exorbitant state taxes and waiting for an eventual federal bailout.

On tips from Mr. Freemarket, ABC of the ANC, and MrRightWingDave.

Dec 30 2023

Biden Spends to Promote Queer Muslims in India

Despite onerous taxation, the national debt is rocketing toward $34 trillion. Inflation caused by excessive government spending continues to gnaw away at our savings and our standard of living. Here is where some of the money is going:

The State Department is providing financial support to a “queer” Muslim organization in India so it can provide “LGBTQI” people in the regions with a platform to write, according to a grant listing.

Outside of Disney, it would be hard to imagine a more pernicious institution than the US State Department.

The grant was disbursed in September to Creating Resources for Empowerment and Action, a Soros-funded feminist group that advances “the sexual rights of all people,” and went on to fund the Queer Muslim Project, which is an “online platform for queer, Muslim and allied voices” based in India.

India is well known for Islamic violence, despite the attempt to avoid it by splitting off Pakistan and Bangladesh into separate countries. Provoking Muslims with gratuitous depravity is not constructive. The “queer Muslims” Democrats egg on are likely to get chucked off rooftops and have their corpses pelted with rocks.

As we learned on 9/11, resentment sometimes follows us home. Yet promoting sexual depravity around the world is an explicit policy of the Biden Regime.

On a tip from Franco.

Dec 28 2023

Free Condoms for the World Because the Weather

According to Democrat ideology, your money is not your money; it is the government’s money. The US government exists to promote a globalist agenda, not the interests of those who live under it. Casual sex is to be encouraged in keeping with the liberal lifestyle, but human procreation is to be curtailed, because humanity is bad for the planet. Keeping all this in mind, you are prepared to read that despite continuing inflation and a national debt that is skyrocketing toward $34 trillion, the federal government is spending our money on mountains of free condoms — for other countries:

The U.S. Agency for International Development (USAID) sent 65.5 million condoms, 9.8 million injectable birth control products and 334,000 IUDs abroad in fiscal year 2022 as part of its efforts to facilitate family planning, especially in the third world, according to an agency document overviewing the program.

“Family planning” is an Orwellian euphemism for preventing children. A stated purpose is to address “climate vulnerability.”

Our rulers literally believe that condoms improve the weather, presumably because every human soul brought into existence makes the world a worse place through harmless carbon emissions. Or maybe condoms serve as magic talismans for liberals, due to their association with decadent behavior.

The inevitable fluctuation of the climate is a crisis in part because “climate change-related displacement can worsen already entrenched gender inequalities” according to USAID. It all fits together, in the minds of moonbats.

The degenerates looting our country to death are insane.

USAID will be abolished if Americans ever regain control of their government and redirect it toward serving their own interests. Bureaucrats spending your money on other people is not charity. It is theft.

On a tip from Varla.

Dec 09 2023

Biden Unveils New Spending Plans

Without coherent context, it sounds like Biden is introducing a new green energy spending initiative even more certain to perfect the weather than the inflationary boondoggle bill sneeringly referred to as the Inflation Reduction Act:

No wonder they want to abolish cash and go all digital with the currency. Not only will it prevent thought criminals from buying food, it will facilitate adding zeroes to denominations to finance spending, as in Zimbabwe under similar leadership. Only so much money can be wrung out of taxpayers.

On a tip from WDS 2.0.

Dec 08 2023

Open Thread

Compliments of Chuck A.

Dec 07 2023

DeSantis Calls for Universities Not Taxpayers to Back Loans

If you don’t like being effectively enslaved so as to finance the extended adolescence of college students who pursue frequently worthless degrees instead of getting jobs, Ron DeSantis is your man:

‘I don’t support having a truck driver paying a student loan that got a degree in gender studies, that’s wrong, but I’m going to get to the root cause of the problem,’ DeSantis said.

He will do this by holding the universities responsible for backing the loans rather than taxpayers.

DeSantis’ demands for university-backed student loans comes just hours after Biden cancelled another $4.8 billion of student debt – despite the Supreme Court having struck down his plan to cancel $400 billion in debt in June.

You can see why Biden has openly considered packing the Supreme Court so that it can no longer defend the country from his handlers. In the meantime, he ignores it repeatedly.

Biden’s headstrong push for the relief program coincides with the looming 2024 election and desire to get young voters on board.

As with the welfare state, the Party of Big Government is buying votes with other people’s money.

The tactic illustrates a fundamental principle: the bigger the government, the more corrupt. Gratifying as it would be to throw criminals like Joe Biden and Bob Menendez into prison where they belong, the only way to clean up the government is to reduce its size. Ending its involvement in student loans would be a step in this direction.

On tips from Ed McAninch and ABC of the ANC.

Nov 28 2023

Biden Finds Solution to Inflation He Caused

Joe Biden robbed the pockets of everyone who holds American currency by driving up inflation with his BLM-style looting spree, epitomized by the $891 billion wasted mainly on climate change boondoggles that Democrats arrogantly call the Inflation Reduction Act. Fortunately, big government always has a solution to the problems it creates. Not so fortunately, that solution is always more big government, guaranteeing worse problems ahead.

This level of stupidity could only be described as Bidenesque:

Biden acknowledged Monday that prices are still “too high” and argued that companies should lower them after an 18% jump in consumer costs since he took office.

Even if inflation is putting food out of reach, there’s no need to cut back on wasteful spending or ease up on the War on Energy that raises the price of everything. Just order people who charge the prices to lower them.

Falling back on the Marxist rhetoric we have become accustomed to from Democrats, Biden denounces the corporations that are now dominated by liberals but that still serve as useful scapegoats for left-wing demagogues:

“It’s time to stop the price gouging and give the American consumer a break.”

The bigger crisis hits when businesses fail to salute sharply and lower their prices below what they must charge to stay afloat given Biden’s degradation of the dollar. That’s when we get price controls — immediately followed by empty shelves.

On a tip from Wiggins.

Nov 24 2023

Open Thread

Posterity does not pay off anything of the national debt. Each administration adds to the debt left to it, and the promise of liquidation implied in every bond issue is a false promise. - Frank Chodorov


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