How Did Biden Manage To Lose $300 Billion?
Posted By: RockyTCB, 10/24/2023 6:08:32 AM
Friday afternoon, the Treasury Department reported that, despite a growing economy and low unemployment, the federal deficit shot up by $320 billion in fiscal year 2023. That’s unusual. But what’s really bizarre is why the deficit exploded. According to the report, overall spending actually dropped by 2% compared with 2022 as the COVID-19 spending splurge abated. What drove up the deficit this year was a sudden and completely unexpected 9% drop in tax revenues. Not only did revenues come up hundreds of billions lower than last year, but they were well below what everybody expected them to be.
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To follow up on Wednesday’s editorial, we’ll point out:
The very folks who screech the most about the emergency of climate change don’t live their lives as if they believe that it’s an existential threat. Barack Obama owns a pair of coastal mansions that will be underwater within years if some of the warming alarmists’ forecasts are correct.
A new study out of Norway is exactly what was needed to shut down the climate alarmists. Its findings show that man has not set fire to his home planet.
Right from the top, in the abstract not 10 lines into the study, the authors get to the point.
“Using theoretical arguments and statistical tests we find,” the researchers say, “that the effect of man-made CO2 emissions does not appear to be strong enough to cause systematic changes in the temperature fluctuations during the last 200 years.”
In other words, our words, the greenhouse effect is so weak
How Did Biden Manage To Lose $300 Billion?
26 replies
Friday afternoon, the Treasury Department reported that, despite a growing economy and low unemployment, the federal deficit shot up by $320 billion in fiscal year 2023. That’s unusual. But what’s really bizarre is why the deficit exploded.
According to the report, overall spending actually dropped by 2% compared with 2022 as the COVID-19 spending splurge abated.
What drove up the deficit this year was a sudden and completely unexpected 9% drop in tax revenues. Not only did revenues come up hundreds of billions lower than last year, but they were well below what everybody expected them to be.
Do the major media outlets in the U.S., online, on-air or in print, care whether their audience trusts them or not? It certainly doesn’t seem to be the case today. Americans’ trust in the U.S. media has plunged to its lowest levels ever, the latest I&I/TIPP Poll data show.
Both big, mainstream “traditional” media outlets and mid-sized “alternative” media outlets continue to suffer from declining revenues as their audience and readership numbers shrink. The October I&I/TIPP Poll shows that a loss in underlying trust is a key cause of media industry decline.
They Call The Wind Pariah
11 replies
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How can we say this? Look around at what’s happening with wind energy:
“California’s Central Coast residents work to stop — or at least slow down — offshore wind.” California believes that by 2045 it can operate its electrical grid without contributions from fossil fuels and nuclear energy. To get there, one-fourth of the power must be generated by offshore wind. This CalMatters report,
"The war on inflation is over,” wrote Paul (Nobel Prize-Winning-Economist) Krugman last week in a post on X. “We won, at very little cost.” The only thing missing was a giant “Mission Accomplished” banner.
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Why Couldn’t Gaza Be Another Hong Kong?
15 replies
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Majority Of Voters ‘Not Satisfied’
With Biden’s Efforts On Russia-Ukraine
War: I&I/TIPP Poll 6 replies
With Biden’s Efforts On Russia-Ukraine
War: I&I/TIPP Poll 6 replies
With the world’s attention still riveted by Hamas’ terrorist attacks against Israel, the death and destruction of the Russia-Ukraine war, now in its 21st month, goes on. During the conflict, President Joe Biden has put the U.S. forward as a potential peace broker. Do average Americans believe his plan is working?
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If the most informative response to the Hamas atrocities was Victor Davis Hanson’s Twitter post on Israel’s “50th anniversary war,” then the most interesting was written in The Spectator by Brendan O’Neill, who asked “why isn’t Antifa condemning the tide of anti-Semitism?”
“Where is Antifa?” he wondered. “Where are those self-styled anti-fascists who love to rage against anything that is even vaguely reminiscent of the 1930s?”
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Where’s Kamala When We Need Her Most?
18 replies
Not long after Russia invaded Ukraine, Vice President Kamala Harris showcased her keen grasp of international affairs by explaining the war thusly:
“Ukraine is a country in Europe. It exists next to another country called Russia. Russia is a bigger country. Russia is a powerful country. Russia decided to invade a smaller country called Ukraine. So, basically, that’s wrong.”
Despite being true, it was widely mocked for being so incredibly insipid. Kamala wasn’t talking to kindergartners, who probably have a better grasp of world affairs than she, but to listeners of a radio program.
Now,
Editor’s note: We saw this post on X (formerly known as Twitter) and thought it worth reprinting here because it is an excellent summation of why elections matter and why those who think Donald Trump was the worst president ever might want to rethink that.
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Rep. Matt Gaetz (R-FL) joined the War Room with Steve Bannon on Wednesday morning following the voting last evening for the next Republican Speaker-designate.
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to moderate third GOP presidential debate
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NEW YORK — Lester Holt, Kristen Welker and Hugh Hewitt will moderate the third Republican presidential debate, scheduled for Nov. 8 in Miami, NBC said Wednesday. The first one held outside the confines of Fox News, the two-hour debate will be seen at 8 p.m. Eastern on NBC and the NBC News Now streaming service. Holt is the anchor of “NBC Nightly News” and Welker is the moderator of “Meet the Press.” Hewitt hosts a morning talk show for the Salem Radio Network, a co-sponsor of the debate. Qualified participants will be announced later. Former President Donald Trump, leading in
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space outside 24 replies
NEW YORK -- Mayor Eric Adams made a stunning announcement Tuesday on the city's asylum seeker crisis housing crunch. He said it is so severe he's actively planning for the day migrants will have to sleep outside. The mayor did not utter the words "asylum seekers will be sleeping in Central Park," but because the city has had to close a number of shelters in recent weeks because they did not meet the fire code, he said he's now looking for large outdoor spaces where asylum seekers can live. "I don't know how to get this any clearer. When you are
A new study out of Norway is exactly what was needed to shut down the climate alarmists. Its findings show that man has not set fire to his home planet.
Right from the top, in the abstract not 10 lines into the study, the authors get to the point.
“Using theoretical arguments and statistical tests we find,” the researchers say, “that the effect of man-made CO2 emissions does not appear to be strong enough to cause systematic changes in the temperature fluctuations during the last 200 years.”
In other words, our words, the greenhouse effect is so weak
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Oh FFS.
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Who is Mike Johnson? House Speaker is
Louisiana Rep. with four children who
is backed by Trump 15 replies
Louisiana Rep. with four children who
is backed by Trump 15 replies
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So, as Johnson takes the gavel, who is the quiet bespectacled politician
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