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Category: Spending/Inflation

Apr 15 2023

Exploiting a Fake Crisis to Exacerbate a Real One

To quote the Obamunist Rahm Emanuel,

You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.

Democrats rely on crises to impose their policies. Some they fabricate out of whole cloth, like the phony climate crisis. Others are quite real, like the inflation they have caused through grotesquely excessive wasteful spending.

One crisis can be an opportunity to worsen another, as Yoda’s aunt explains:

That’s why a spending binge that drove up inflation even further by wasting vast fortunes on climate boondoggles that no serious person thinks will change the weather one iota was called the “Inflation Reduction Act.”

Make sense? That’s good. If you thought it made sense, you would be insane.

On a tip from ABC of the ANC.

Apr 09 2023

Biden Regime to Translate Obscene Dictionary of Depravity

There are many aspects to the leftist campaign to destroy America. The way they will destroy it economically is through grotesquely excessive wasteful spending resulting in a lethal triple whammy of debt, inflation, and suffocating taxation. Biden and his handlers are not so much an administration as a looting spree, comparable to a Black Lives Matter mob pillaging a Target. A grant to translate Homosaurus into Spanish gives an idea of what they have been spending our money on:

Biden’s National Endowment for the Humanities in January announced the $350,000 grant, which will see the University of Washington create a “Spanish-language version of the Homosaurus.” The dictionary, which features a dinosaur standing under a rainbow as its logo, defines hundreds of terms and phrases “relating to bisexuality, trans, gender, and intersex concepts,” according to its website. Examples include “anal fisting,” which the Homosaurus defines as the “sexual practice of inserting a fist into an anus,” [et cetera, ad nauseam].

Like the subject matter, many of the terms are obscene.

[F]eminist scholar Marika Cifor will oversee the Spanish translation, a project she says will take three years.

Why so long? Because, according to Cifor, a direct translation “doesn’t feel adequate and reinforces the centrality of the English language.” Like America, the English language is slated for erasure.

The obscene dictionary will alleviate oppression, or as Cifor puts it, help with the “basic struggles for information accessibility that many marginalized communities still face.”

As with most things LGBT, there is an emphasis on defiling children:

Homosaurus also includes terms that define minors under the age of 18, such as “bisexual boys,” “gay boys,” and “transgender children.” The dictionary, which sells children’s apparel bearing its logo, also defines “pederasts” as “adult men who have sexual and mentor/protégé relationships with adolescent boys” but says the term should only be used “in historical contexts.”

For current contexts, the politically correct destigmatized term is MAPs (minor-attracted persons).

It isn’t enough to spend us to death. Democrats have to do it by the most degrading, disgusting, and morally repugnant means possible.

On a tip from Chris Neilson.

Apr 06 2023

Open Thread

The problem with socialism is that you eventually run out of other peoples' money. - Margaret Thatcher

On a tip from Jack Bauer.

Apr 05 2023

State and Municipal Democrats Will Stick Us for the Bill

Where moonbats are in charge, they throw gargantuan sums of money at all things left-wing. New York City offers illegal aliens free healthcare and phones. New York State provides them with free college. California may give out $800 billion to reward a loyal Democrat constituency for being black. Philadelphia will pay women $1,000/month to be pregnant. An Oregon bill would pay derelicts $1,000/month to be homeless. State and municipal Democrats spend as if they will never have to pay their own bills — because they won’t. Who will pay it? Everyone:

The balance-sheet risks for mismanaged states and municipalities have been hiding in plain sight just as they were at Silicon Valley Bank. Continued financial-market turmoil and a prolonged economic downturn could cause some pension funds to collapse and cities to declare bankruptcy.

Interest rates were too low for too long, encouraging irresponsible spending.

When borrowing is dirt cheap, why not max out the taxpayer credit card?

However, inflation caused by Biden’s looting spree put an end to the party. Now comes the hangover:

A report by the research shop Equable estimated that the 228 largest public retirement systems were running a $1.4 trillion unfunded liability at the end of last June.

The bluer the jurisdiction, the more wasteful spending, the deeper the hole.

Chicago’s four pension systems have only enough assets to cover about 25% of what they owe workers and retirees, which is less than Detroit’s pension funds had when the Motor City declared Chapter 9 bankruptcy a decade ago.

Dysfunctional Detroit serves as a model for other single-party Democrat jurisdictions.

Insolvent cities could declare bankruptcy, but states as a matter of federal law can’t. That means their taxpayers will inevitably have to pay more to cover the pension shortfalls. In Illinois 25% of general tax revenues pay for pensions. Many states—including Illinois—can’t afford to bail out their underwater cities, but they also may not want the stain of allowing them to go bankrupt.

The most likely outcome: A cascade of bailouts by some combination of U.S. taxpayers, the Fed and municipal bond investors. Democratic-run states and big cities are simply too politically important for the Biden administration to let fail.

The appeal of liberalism is that it forces someone else to pay. That someone else is all of us.

On a tip from Varla.

Mar 31 2023

California Reparations Estimated to Cost $800 Billion

California has remained at the cutting edge of moonbattery by proclaiming that blacks should be handed massive cash payouts in honor of their position of privilege high in the cultural Marxist caste system. Estimated bill: $800 billion.

The $800 billion is more than 2.5 times California’s $300 billion annual budget and does not include a recommended $1 million per older Black resident for health disparities that have shortened their average life span. Nor does the figure count compensating people for property unjustly taken by the government or devaluing Black businesses, two other harms the task force says the state perpetuated.

To judge by liberal rhetoric, the main harm is slavery. But slavery was never legal in California. Nor was it legal anywhere in the USA during the lifetime of anyone alive today.

Handing out massive quantities of other people’s money is not the full extent of the nuttiness California kooks have planned in the name of racial preference:

Other proposals include paying incarcerated inmates market value for their labor, establishing free wellness centers and planting more trees in Black communities, banning cash bail, and adopting a K-12 Black studies curriculum.

Note that liberals conflate blacks with criminals.

The $800 billion estimate in California includes $246 billion to compensate eligible Black Californians whose neighborhoods were subjected to aggressive policing and prosecution in the “war on drugs” from 1970 to 2020.

Blacks are to be showered with money to compensate them for having been provided police protection.

To be a liberal is never to ask, “But how are we going to pay for this?” Someone else always pays.

California doesn’t have the cash to finance this looting spree. But lunacy hatched in California is eventually imposed at the federal level. The federal government doesn’t have the cash either. But it can print it.

If you think inflation is bad now, wait until Democrats have won another round of elections. We will be burning piles of hundred-dollar bills to keep warm.

On a tip from Chuck A.

Mar 25 2023

Our Inflationary Future Unfolds in Zimbabwe

The role model for what liberals are fundamentally transforming America into is the Rainbow Utopia, South Africa. The template for South Africa is the hellhole that was known as Rhodesia, Breadbasket of Africa, before it was purged of the evils of colonialism. If we want to know where liberal economic policy is taking us, we can skip ahead of collapsing South Africa and jump straight to Zimbabwe:

Zimbabwe, the country that brought the world the one-hundred-trillion-dollar bill, has reached a new stage of monetary dysfunction. Because of a lack of small change, businesses have started printing their own “money”—scraps of paper, sometimes handwritten, that customers can use to pay for future purchases. Others are handing out change in-kind, making customers whole with juice boxes, pens or slices of cheese. …

It started in the early 2000s, when the government of then-President Robert Mugabe printed ever more money in an attempt to compensate for a collapse in agricultural production that followed a controversial land-redistribution effort.

Soon people will read, “It started in the early 2020s, when irresponsible fools printed ever more money to hand out for free because Covid and to subsidize idiotic electric vehicles…”

On a tip from Wiggins.

Mar 23 2023

Philadelphia to Pay Women $1,000/Month to Be Pregnant

Taking part in Black Lives Matter riots is not the only way to get free money from the government in Philadelphia. Women also have the option of getting pregnant:

Pregnant women in Philadelphia will be paid $1,000 a month as part of a trial program hoping to lower infant mortality rates in the city.

Starting next year, 250 expectant mothers will receive the no-strings-attached payments from their third month of pregnancy through their baby’s first birthday.

If they want more babies, a more sensible approach would be to stop aborting them. However, the liberals in charge have no problem with abortion.

They complain that Babies of Color are oppressed by premature birth and low birth weight. This is due to lifestyle factors, prominently including a junk food diet.

The solution as always is to throw other people’s money at them. Now they will be able to afford a double order of fries with their junk food.

As usual when it comes to moonbattery, San Franfreakshow got there first:

Meanwhile, the Abundant Birth Project pilot in San Francisco provides $1,000 monthly to mothers-to-be for a year.

If San Francisco’s reparations plans go through, for oppressed black baby mommas this will be on top of their $5 million cash payment for being black, a guaranteed $97,000/year income, and a home for $1.

Democrats can’t pretend they don’t know the demographic consequences of paying women to have babies — not after their War on Poverty turned cities like Filthadelphia into fatherless hellholes.

On tips from Lyle and Wiggins.

Mar 22 2023

New York Offers Free College for Illegal Aliens

The favoritism offered to illegal aliens invited by Democrats to displace us is so over the top, it must be intended as a deliberate stick in the eye of the dying American people. New York Mayor Eric Adams gives the stick a twist:

Adams released a blueprint for dealing with a surge of illegal immigrants arriving in the Big Apple. The plan includes a pilot program, overseen by the newly created Office of Asylum Seeker Operations, that would allow undocumented migrants to attend community college gratis in the state while their asylum claims are being adjudicated.

It will take many years to adjudicate the massive backlog of phony asylum claims. By then, Democrats will declare amnesty. “Asylum seeker” is nothing more than a euphemism for “illegal alien” — a term that it is illegal to use in New York, where they are provided with free healthcare and phones.

Not enraged yet? Adams twists the stick some more:

Shelter, meals and other services for these new arrivals cost the city some $4.6 million every day, which works out to $1.7 billion a year, according to data provided by City Hall.

This will exacerbate the costly homeless crisis:

According to Bloomberg News, the city’s Department of Homeless Services spent more than $3 billion in 2021, which was three times what it had spent a year earlier.

What happens when the leftist kooks running NYC run out of money? The same thing that happens when banks run by leftist kooks run out of money. The leftist kooks running the federal government hand out ours.

On a tip from Varla.

Mar 18 2023

Open Thread

We will bankrupt ourselves in the vain search for absolute security. - Dwight D. Eisenhower

Mar 01 2023

Oregon Bill to Subsidize Homelessness

As with inflation, Democrats want the homelessness crisis to get worse. If not, explain this:

A proposed Oregon bill would provide the deep blue state’s homeless population $1,000 per month that recipients could use at their own discretion.

The bill, introduced last month, would establish a People’s Housing Assistance Fund Demonstration Program to give 12 monthly thousand-dollar payments to those suffering from homelessness or who are on the brink of becoming homeless.

You won’t even have to be homeless to be given other people’s money.

People who spend more than 50 percent of their monthly household income on rent, and those who earn 60% or less of the area median income would also be eligible for the funding.

Already Oregon has a homelessness problem.

The state has been experiencing a long-lasting homeless issue for several years, especially in areas like Portland where up to 700 tent camps have taken over sections of the city.

To quote Ronaldus Magnus, if you want more of something, you subsidize it. However, with some things, decriminalization does the job:

The state has also been dealing with increased drug use and trafficking after it passed a law decriminalizing street drugs last year.

No one could be this stupid. Liberals are destroying America on purpose.

In the short term, the leftists who rule Oregon will be doing their first good deed by passing the bill. The rest of the country will be cured of homelessness as drug-addled derelicts head west to get their free drug money.

But then the moonbattery will metastasize to other jurisdictions.

When Democrats achieve the leverage to impose similar handouts at the national level, game over. All future elections will be won by whomever promises to raise the payouts by the most. When the economy collapses beneath the burden of inflation and taxation and because too few have a reason to work, straightforward Marxism can be imposed. This is the ultimate objective of Democrat economic policy.

On a tip from Jack D.

Feb 19 2023

Americans Forced to Fund Ukrainian Pensions

Rampant inflation continues to eat away our savings and reduce the value of our earnings because the government cannot confiscate money through taxation as fast as it spends, and therefore has to inflate the currency by wasting money that does not exist. This money is showered upon the pet causes of liberals, like the corrupt and authoritarian backwater Ukraine, where we will now pick up the tab for pensions:

Something to think about next time you step over a homeless veteran.

On tips from Varla and Wiggins.

Feb 14 2023

Covid Fraud Cost Vast Fortune

Covid cost us a lot more than it needed to, but at least we bought some valuable lessons. Not to trust technocrats like Anthony Fauci is one. Not to entrust children to public schools is another. A third is that flinging $trillions of public money to the four winds is not a viable economic policy. The waste on fraud alone has been staggering:

The Government Accountability Office (GAO) estimated that total fraud in four federally-run COVID relief programs was over $60 billion “and perhaps much higher” during the pandemic, adding that the Labor Department has yet to implement an appropriate anti-fraud strategy to combat the problem.

No doubt the Biden Regime will get around to it right after it solves the more pressing issue of too many white guys being allowed to work in the construction industry.

The GAO’s report came out on the same day the Labor Department’s Office of Inspector General told the House Ways and Means Committee that “at least” $191 billion in emergency unemployment benefits paid out during the pandemic were likely lost to fraudsters.

The flood of COVID relief money from the federal government in 2020 overwhelmed state agencies charged with doling it out, according to Larry Turner, the inspector general. He said COVID created a “perfect storm” for fraud, explaining people were allowed to self-certify that they were eligible to receive Pandemic Unemployment Assistance, which went to millions of people who were not traditionally eligible for unemployment insurance.

The problem was already there; Covid hysteria just allowed it to spin out of control. According to the GAO report,

DOL reported an increase in estimated improper payments from $8.0 billion (9.2% estimated improper payment rate) for fiscal year 2020 to $78.1 billion (18.9% estimated improper payment rate) for fiscal year 2021. For fiscal year 2022, DOL reported estimated improper payments of $18.9 billion (22.2% estimated improper payment rate).”

Then there is the Paycheck Protection Program (PPP):

About 15% of the total funds that Congress appropriated in total for PPP was projected to have been obtained fraudulently, according to a 2021 study.

That same year, the House Coronavirus Oversight Committee found that some $84 billion in PPP loans were potentially fraudulent.

What the government reports is just the tip of a titanic iceberg of waste that will sink the US economy, in accordance with the Cloward–Piven strategy for imposing socialism.

On a tip from MrRightWingDave.

Feb 08 2023

Massive Waste on NYC’s Second Avenue Subway

Under liberal rule, every government project looks like a looting spree. Consider single-party New York:

The Metropolitan Transportation Authority spent nearly twice as much on consultants for the Second Avenue Subway as it did to actually dig the tunnel from 63rd to 96th streets, a damning new assessment revealed Monday.

Sounds like graft, but with Democrats in command, it could be simple mismanagement.

The 400-page report from researchers at New York University also revealed that the MTA’s failure to properly supervise the outside firms allowed costs to spiral in other key ways: contractors and unions overstaffed the project, dug caverns for platforms that were double the necessary size and drew up station designs so bespoke that each of the three new stops has escalators made by a different manufacturer.

Democrats tax and spend quickly. In other matters, their pace slows dramatically:

“Other places in the world – in Madrid, in four years, they built 80 miles of subway,” said Eric Goldwyn, one of the authors of the report. “We’ve built just a mile.”

If only NYC bureauweenies ran up debt that slowly:

The MTA now has more than $40 billion in debt on its books and spends more than $3 billion annually making payments on those bonds. …

Every subway project the MTA has built over the last 20 years has shattered the previous world record it set in terms of cost:

• The 7-train extension to Hudson Yards cost $2.4 billion and officials abandoned plans to build a station at 42nd Street and 10th Avenue to contain costs.

• The $4.5 billion Second Avenue Subway’s first phase through the Upper East Side was even more expensive on a per mile basis.

• The second phase of the Second Avenue Subway through East Harlem is expected to cost $6 billion, twice as much as the first leg on a per mile basis.

Big Government is not known for its efficiency. Big Government run by Kathy Hochul, Eric Adams, et al.? As they say in New York, forget about it.

What else would you expect under these moonbats?

On a tip from Jack D.

Jan 18 2023

Proposed Black Reparations Reach $5 Million Apiece in SF

Inflation is worse that I realized, to judge by how much they are planning to pay people to be black in San Francisco, where slavery was never legal:

Several weeks ago, in early December, the number was around $200,000 per resident.

Two weeks ago, the number jumped to $1 million each.

Now it’s $5 million.

That’s right. $5 million per black:

San Francisco’s reparations committee will propose paying $5million to each longtime black resident of the city in a reparations plan this spring. …

It is unclear exactly how many people would qualify should the proposal pass, but if just 10,000 people qualified it would cost at least $50billion.

The $5 million handout won’t be the only benefit of being “oppressed” according to liberal ideology:

The proposal also offers a number of other requirements to be handed out to qualifiers, including the creation of a ‘comprehensive debt forgiveness program’ which would eliminate credit card and other debts, along with student and housing loans.

As for 6 months from now, when the $5 million apiece has gone up in smoke:

The proposal also says qualifying low-income households should have their income supplemented to match the city’s median income – $97,000 in 2022 – for the next 250 years.

This is so that “Black people can better afford housing and achieve a better quality of life.”

California is drowning in debt. No matter. One question looters never ask is, “Can this be sustained?” They just grab all they can.

That is the mentality of our ruling party, from Black Lives Matter scumbags pillaging the corner grocery in the name of racial justice all the way up to Joe Biden signing grotesquely extravagant spending bills knowing future generations will be stuck with the bill.

However many $millions San Francisco ends up handing out to blacks, Gavin Newsom will top it at the state level. Then Democrats will top California at the national level, as soon as they have the political leverage.

The looting will continue until there is nothing left to steal, or until Democrats are decisively removed from power, whichever comes first.

On tips from Wiggins, Ed McAninch, and Varla.

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