Treasury just dropped a financial bomb,
but Bidenomics means the worst is yet
to come
Posted By: Moritz55, 10/30/2023 9:36:52 AM
With all the chaos and heartbreaking loss of life around the world today, few noticed the Treasury Department drop a financial bomb: The deficit for fiscal year 2023 was $1.7 trillion, growing 23 percent in a single year as the Treasury used $879 billion just to service the federal debt. But "Bidenomics" means the worst is yet to come, and multi-trillion-dollar deficits are the new normal. The impetus for these massive deficits is federal government spending, which tipped the scales at $6.1 trillion last year. Government receipts, meanwhile, were $4.4 trillion, woefully short of the $5 trillion previously forecasted.
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From ‘Never Again’ to ‘Now and Again’
2 replies
As Israel continues to count and identify the bodies of the October 7 Simchat Torah massacre by Hamas, and as the number of civilian victims used as human shields by Hamas in Gaza continues to rise, revolutionary Islamists are now filling European streets and squares, attacking police and synagogues, and, above all, proclaiming loudly: “Here we are, and we stand by what happened.”
This problem stems from both failed demographic and immigration policies. While Hungary’s Viktor Orbán has accepted some level of immigration and has started to let in tens of thousands of third world migrant workers to deal with the ongoing global recession, he has done so under strict regulations.
The most barbaric and widescale terror attack in decades took place on October 7, when Hamas Nazis invaded southern Israel and embarked on a killing spree, massacring 1,400 Israelis and taking over 220 hostages. I will never forget the unfathomable images of death and destruction.
Hamas is a jihadi terror group and the atrocities they committed were exactly like those of ISIS and al Qaeda. It deliberately targets civilians and children. It is savage. And these terrorists are solely responsible for the situation in Gaza. In 2005, Israel unilaterally withdrew from the Gaza Strip, removing all Israeli civilians and soldiers from the territory.
Closed-door testimony by former Pittsburgh US Attorney Scott Brady to the Senate Judiciary Committee last week is a chilling case study of how credible corruption allegations against President Biden and his family were covered up by the FBI and DOJ — before and after the 2020 election.
Brady’s testimony fits a pattern revealed by Sen. Chuck Grassley (R-Iowa) last week, in which over 40 confidential human sources gave information to the FBI, over several years, about potential criminal activity involving the president, his brother James and son Hunter. In a blistering letter to Attorney General Merrick Garland on Wednesday, Grassley alleged ongoing efforts “among certain Justice Department and FBI officials
With all the chaos and heartbreaking loss of life around the world today, few noticed the Treasury Department drop a financial bomb: The deficit for fiscal year 2023 was $1.7 trillion, growing 23 percent in a single year as the Treasury used $879 billion just to service the federal debt. But "Bidenomics" means the worst is yet to come, and multi-trillion-dollar deficits are the new normal. The impetus for these massive deficits is federal government spending, which tipped the scales at $6.1 trillion last year. Government receipts, meanwhile, were $4.4 trillion, woefully short of the $5 trillion previously forecasted.
Premodern Diversity vs. Civilizational Unity
14 replies
Few Romans in the late decades of their 5th-century A.D. empire celebrated their newfound "diversity" of marauding Goths, Ostrogoths, Visigoths, Huns, and Vandals.
These tribes en masse had crossed the unsecured Rhine and Danube borders to harvest Roman bounty without a care about what had created it.
Their agendas were focused on destroying the civilization they overran rather than peacefully integrating into and perpetuating the Empire.
Ironically, Rome's prior greatness had been due to the extension of citizenship to diverse people throughout Europe, North Africa, and Asia.
Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. The deadline: Jan. 1, 2024.
In a bold surprise move back in February 2021, the Saudi government announced that it would, by 2024, cease doing business with any international companies whose regional headquarters were not based within the country. The news stunned investors and expat workers, many of whom saw the move as a shot at Dubai, the United Arab Emirates commercial capital that is home to the highest concentration of Middle East regional headquarters.
Hamas have set up their main base beneath Gaza's biggest hospital, Israel claims, as it announced it expects 'a long and difficult ground offensive' will begin soon.
The Israel Defense Forces (IDF) has said there is 'concrete evidence' to suggest Shifa hospital in Gaza City is a Hamas base of operations. Its spokesperson Daniel Hagari said that 'hundreds of terrorists flooded into the hospital to hide there after the massacre of October 7'. He said it is 'one of many' hospitals being used by the terror group and that they chose it to 'exploit innocent Gazan civilians as human shields'. He also noted that Hamas is using fuel stored in
The overwhelming media narrative these past three weeks has been that Republicans cannot govern because, after 18 rounds of voting in less than a year, they could not pick a speaker of the House — the chamber in which they hold majority control.
The political bed-wetting among Republicans in Washington sounded just as dire.
“We are going to lose 25 seats over our inability to pick a speaker!” they squealed. The Republican Party has just earned its place in the permanent minority — forever, they cried. But the media narrative and professional Republican caterwauling, as usual, is completely wrong. Sure, the last few weeks have been embarrassing
Trump and Giuliani never fell for Sidney
Powell’s 2020 election ‘Kraken’
— but the left sure did 13 replies
Powell’s 2020 election ‘Kraken’
— but the left sure did 13 replies
Sidney Powell, the one-time Trump legal adviser — who famously failed to “release the Kraken” that would overturn the 2020 election — has flipped.
This news has been greeted with great glee in the usual circles. Ahhh, salivated the New York Times. “Sidney Powell’s Plea Deal Could Be a Threat to Trump.” Hurrah! “Sidney Powell was Trump’s biggest ‘fighter.’ Now she’s a big threat,” trumpeted the Washington Post.
But like Powell, they are always promising a Kraken that will never come.
They dream that Powell’s testimony will deliver a lethal blow to Trump and his embattled former attorney Rudy Giuliani.
However, for anyone who paid attention to Giuliani’s testimony
The FBI’s Foreign Influence Task Force used a sham assessment opened by FBI headquarters to cull reporting from confidential human sources (CHS) throughout the country related to the Biden family and then falsely brand the intelligence as “foreign disinformation,” Sen. Chuck Grassley, R-Iowa, revealed Wednesday.
Wednesday’s explosive news suggests the DOJ and FBI’s Biden-family protection program encompassed many more players than previously known. But it is the involvement of the Foreign Influence Task Force that demands an immediate response by the House, namely the launching of an impeachment inquiry of FBI Director Christopher Wray
Electing a Speaker Isn’t the Hard Part
7 replies
The white smoke billowed from atop the Capitol Rotunda, informing the masses that we have a Speaker of the House. Rep. Mike Johnson (R-LA) was elected on Wednesday on a party-line vote.
Amid the jubilation that the 22-day grinding halt of the House of Representatives has now ended, it’s worth remembering that electing a Speaker is the easy part. The decision of who will lead the majority caucus in the House has mostly never been in doubt for the entire history of the Republic. What that leader does is the more fraught question, and the situation Johnson faces is in no way easier than what now-backbencher Kevin McCarthy had to deal
A new poll found that nearly two-thirds of New Yorkers blame President Biden for the migrant crisis, raising national security, financial and other concerns in the Empire State. According to a Sienna College poll released Tuesday, 64% of New Yorkers disapprove of the job Biden is doing to address the recent influx of migrants in the state as of October. That includes 48% of Democrats who flunk Biden for his handling of the crisis, 91% of Republicans and 72% of independents. The poll found 46% of New Yorkers disapprove and just 30% approve of how New York City Mayor Eric Adams has addressed the influx of migrants
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In a recent no-holds-barred conversation with political commentator Joy Thayer, ex-Director of the Defense Intelligence Agency (DIA), General Michael Flynn, unveiled a shocking narrative surrounding the moral integrity of certain members within the U.S. legislature.
He alleged that the hold of globalist agendas over these officials stems from compromising situations they find themselves in during official overseas trips.
He expressed his disdain for what he described as a “totally, completely broken” House of Representatives, which he alleges is under the thumbs of corporate lobbyists and globalists. According to Flynn, these external entities have managed to ensnare some legislators through compromising situations during Congressional Delegation (CODEL) trips overseas.
The Biden Administration became upset and threatened to quit supplying rifles to Israel after photos emerged of National Security Minister Itamar Ben Gvir passing them out to “community security squads,” according to Haaretz.
Photos of the rifles being passed out were posted on Ben Gvir’s social media and “led to a diplomatic incident that threatened to stop the arms shipments from the United States to Israel.”
The Biden Administration reportedly does not want guns passed out to civilians nor distributed during “political events.”Haaretz noted, “The [Biden Administration] also threatened to halt an order of some 20,000 rifles purchased by the National Security Ministry from American suppliers.”
Jerusalem
CNN
—
An Israeli strike on the densely populated Jabalya refugee camp in northern Gaza caused many casualties, officials in the enclave said Tuesday.
The Hamas-controlled Ministry of Interior in Gaza reported that “20 homes were completely destroyed in the Israeli bombing that targeted a residential neighbourhood in Jabalya.”
The director of Gaza’s Indonesian hospital, Dr. Atef al-Kahlout, told CNN that “hundreds” of dead and injured people arrived at the hospital and “many are still under the rubble.” Israel Defense Forces spokesman Lt. Col. Richard Hecht confirmed to CNN that the Israeli military had launched the strike, and said it was targeting a senior commander from the Hamas militant group.
Joe and Dr. Jill on Monday hosted local public school children and military-connected kids for a Halloween party at the South Portico of the White House.
Biden showed up to the White House’s trick-or-treating festivities as himself – a creepy baby sniffer. (Photo) Dr. Jill told the children she was dressed as her cat Willow (she looked more like a rat).
Everything Jill Biden wears is tacky, tacky, tacky! She wore an ill-fitting dress with faux fur cuffs, tennis shoes, ears, face paint, and…. a tail. Yuck.
This weekend, hundreds of millions of Americans will dutifully set their clocks back one hour, convincing themselves that they’ve “gained” an hour – despite spending at least part of it resetting all their timepieces.
Americans should instead refuse to play along. Few government mandates combine such utter pointlessness and serious public health harms than the twice-a-year switch on and off Daylight Saving Time. It’s time to end the madness.
First, despite its label, “Daylight Saving Time” does not save daylight. It doesn’t even save energy. Two studies looked at energy use before and after changes in DST laws.
The Pentagon has announced plans for a new nuclear bomb 24 times as powerful as the one dropped on Hiroshima in 1945.
It comes days after it emerged China plans to double its arsenal of nuclear warheads to over 1,000 by 2030.
America's proposed new B61-13 nuclear gravity bomb would be dropped from aircraft including the $692 million B-21 Raider stealth bomber, which is currently in development. Gravity bombs are unguided but the new one would have a tail kit helping with targeting and making it more accurate.
Nikki Haley is slowly rising in the Republican presidential primary polls. She put in good performances in the first two RNC debates and it is starting to pay off.
Haley and the other Republicans running in the primary have been slow to criticize Trump or draw sharp distinctions between his record and what they pledge to do in office. That’s a problem when the frontrunner, Trump, is so far ahead in the polls. Haley spoke out in Las Vegas on Saturday at the Republican Jewish Coalition annual summit. It’s a gathering for donors so if there is ever a good time to distinguish yourself as a candidate from the others
A top advisor to Ukrainian President Volodymyr Zelensky has reportedly admitted that corruption is so rampant in the wartorn former Soviet state that officials are “stealing like there’s no tomorrow”.
Speaking anonymously to Time magazine, what is alleged to be a top presidential advisor to Zelensky said that the Ukrainian government’s efforts to stamp out corruption have proved fruitless, given that they were implemented too late to have any impact, including the firing of Minister of Defense Oleksii Reznikov. “People are stealing like there’s no tomorrow,” the top advisor is said
Far left Rep. Pramila Jayapal is apparently worried that Biden’s expressed support for Israel may cost him the votes of some Arab and Muslim Americans in 2024.
She made the remarks during Meet the Press yesterday, when she also compared Israel’s response to the Hamas attack on Israel to Russia’s “seige of Ukraine.”
Members of the ‘Squad’ have really taken their masks off over the last two weeks. It’s ugly.
FOX News reports:Rep. Pramila Jayapal, D-Wash., warned President Biden to be “careful” about his support for Israel on Sunday during an interview on NBC and said she needed to “call us to a higher moral place”
If you want an indicator of how lost Western civilization has become, go to your kids’ school and check their rules on fighting. Most likely, you’ll find out if two kids get into a fight, both get suspended, regardless of whether one was a punk bully who started it and the other was simply defending himself or some little kid. This is a moral disaster, of course – violence in the defense of what is right is a moral obligation and a symbol of a greater rot within society. This is the kind of rule created by middle-aged, divorced cat women who can neither find nor satisfy a man
“This machine cannot be stopped,” declared Israeli defense minister Yoav Gallant earlier today. At the very least, Israel will not stop the IDF, now fully unleashed in Gaza, short of total victory. Instead, Gallant offered Hamas a different deal, which sounds remarkably like Hamas’ true ‘offer’ to the Israelis.
“Die or surrender” sums both up nicely, no? This is the same ‘deal’ that Hamas, Hezbollah, and Iran have offered Israel for decades. It’s the same deal that the other Arab nations offered between 1947 and roughly 1979, too. For the last sixteen years, Israel has hoped that withdrawal from Gaza might moderate those enemies similarly as Egypt and Jordan moderated
Jewish students at Cornell University in upstate New York are reportedly hiding in their rooms after vile, anti-Semitic death threats were posted on a student message board. The campus kosher dining hall was singled out with a threat of a massacre. Police are reportedly on scene and the Cornell administration has issued a statement expressing concern. (Photo) The threats come two weeks after a Cornell professor was filmed praising the October 7 slaughter of Jews in Israel by Hamas: (X Video)