Every month we devote posts to just general political class insanity that is running rampant through the country. The members of the American political class continue to show that they are incapable of operating any level of government in this country.
Even their best efforts are almost always inefficient and ineffective at resolving any problem facing Americans. They spend a great amount of time not trying to improve the lives of their citizens but continually ensuring their reelection and enriching themselves, their families, and their friends in the process, all at taxpayer expense.
1)We have often discussed the race to bankruptcy that many major U.S. cities are currently in the running for. Chicago has so much violence and crime, New York City has high taxes, high crime, and the need to slash city resources from police, sanitation and other city services to care for illegal immigrants. Los Angeles is overwhelmed with crime and homeless folks.
But one should not leave San Francisco out of the discussion when it comes to cities heading toward fiscal meltdown. The city has seen residents move out, business people not returning to city office buildings after the pandemic, causing economic distress for city businesses which in turn has caused tax paying businesses to go out of business or move out of the city. Homelessness and public drug addiction, defecation, and urination are major problems.
And the situation does not appear to be getting any better as the business tax base continues to shrink:
CVS recently announced that it is closing another retail location in the city, reducing its retail footprint even further, down to about ten stores where it once had 21.
The Lego Store in the once premier downtown city mall has recently announced it is closing its location.
These business closures come on the heels of city store closures by Target and Nordstrom.
High taxes, crime, homelessness, and city politicians that have no clue of reality or how to resolve issues is resulting in cities like San Francisco losing its tax base as residents and businesses exist. This further reduces the tax base which further reduces the quality of life, and safety of life, which causes more residents and businesses to leave and the financial death spiral is underway. The one question that remains is which major city, New York, Chicago, LA, San Francisco or another will get to bankruptcy court first.
2)And do not leave Washington DC out of the financial death spiral and fiscal meltdown discussion as it too is losing residents and businesses to high crime.
Consider the criminal dangers to city businesses:
Marine Oyster and Seafood House will close two of its DC locations.
The reasons for the closures is simple: “Violent crime made it impossible to survive” according to the restaurant owners’ announcement on Twitter.
This makes them the 47th and 48th restaurants to close in the city in just 2023 alone.
According to co-owner Aaron mcGovern: “We’ve both been burglarized numerous times, both of my restaurants. Numerous times. So has everyone on the block, numerous times. We started to see violence. Not just ‘Oh, there’s a gunshot a mile away.’ We could hear the bullets. It’s…the restaurant I’m looking at right now had four shootings there four weeks ago.”
And it is not just restaurants that are shutting down because of crime and violence.
A local news report cited a business owner who shut down her retail operation since it was getting hit by retail theft on an almost daily basis.
The Pursuit Wine Bar and Kitchen restaurant reported that it got robbed five times in just eight months.
According to the owner, Adam Kelinsky: “We are exhausted. I think every business is. Everyday, I’m waking up to an announcement on our community WhatsApp post where someone has broken into one of our sister businesses, friends along the street or someone supporting a business has been attacked. It’s terrifying.”
And the crime numbers support these business owners’ claims: Property crime is up 25% over last year and robberies are up a whopping 68% year over year.
As we have asserted many times before: a very, very basic function of any government entity is to protect the lives and property of the citizens it is governing. Obviously, American politicians in these cities are failing in this very basic function, allowing crime to run wild, reducing the tax base, and driving these cities towards their seemingly inevitable bankruptcy.
3)And it is not just city dwellers and businesses that are facing tough times:
According to a recent analysis by LendingCLub, 60% of Americans are now living paycheck to paycheck.
40% of consumers now say they are financially worse off than in 2022 as Biden’s inflationary economic policies put financial pressure on everyday Americans.
According to a TD Bank survey, credit card debt has recently topped $1 trillion as consumers use their credit cards to cover regular living expenses.
A CNBC survey found that 75% of Americans say they are stressed about their finances.
Inflation and economic fear and stress, little doubt that Biden’s economic policies have ben a historic failure. For other Biden economic failures in addition to those above go to the following link:
https://loathemygovernment.blogspot.com/2023/11/the-failure-that-is-biden-presidency.html
4)More failed Biden economic statistics:
The number of Americans living under the poverty line has risen to 12.4%, up from 7.8% in 2021.
Inflation adjusted median household income fell to $74,580 in 2022, down 2.3% from 2021.
Credit card debt went up $45 billion in just one quarter earlier in the year as families struggle to keep up with inflation.
47% of credit cardholders now carry debt month to month, up from 39% in 2021.
Tough, tough economic times, thanks to Biden’s economic ignorance.
5)One more government failure:
The United States Postal System lost a whopping $6,5 billion in fiscal year 2023.
That comes out to an unreal $18 MILLION dollars a day on average.
First class mail volume hit its lowest volume since 1968, 45 years ago.
In addition to lower volumes, Biden’s inflation policies also caused operating costs for the post office to rise significantly.
Another day, another dysfunctional government entity. By the way, the post office recently announced that it will be raising postage costs soon which will likely reduce mail volumes which will reduce revenue which will require another postage hike and the financial death spiral for the post office is in play.
American politicians have shown absolutely no idea or will on how to fix what they have broken in the country. As a result, government functions will continue to deteriorate and eventually collapse because of their ineptness, endangering lives, property, and our way of life.
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If you agree that we need to deseat every member of Congress for their lack of success and accomplishment, then please consider going to the following petition link to help the cause:
https://www.change.org/p/deseat-congress-reset-freedom
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