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 efficiently operating any level of government in this country.
Even their best efforts are almost always 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)The Federal government’s national debt has recently hit $34,500,000,000,000, $34.5 TRILLION. A few observations on this atrocious abuse of taxpayer money and trust:
Every American citizen, man, woman, and kid, would have to pony up over $100,000 each to pay off the debt.
Thus, a family of four would have to come up with $400,000 to pay off their share of the debt.
Taxing the rich, as we have pointed out so many times, is a stupid strategy for paying down the debt, there are not enough rich people in the country to make even a small dent in the debt load.
Since the Federal government and Washington politicians have had an annual Federal government surplus only four times in the past 63 years, the current set of Washington politicians are highly unlikely to start acting with financial austerity now.
This year the interest that needs to be paid on the national debt is higher than the annual Pentagon annual budget for the first time ever.
Eventually the country will not be able finance this debt as it grows and grows which will lead to higher and higher inflation which will weaken the dollar and eventually the entire financial integrity of the government collapses along with our democracy and freedoms. Just thought you would like to know.
2) And a recent Joe Biden speech gaffe does not give you any confidence at all that he is capable of fixing the national debt crisis. It is no secret that Biden has been in cognitive decline for years. He has trouble making speeches, being rational, walking without falling down, and not able to speak coherently without a teleprompter and even then he often has problems.
Such was a recent gaffe:
Biden was recently giving a campaign speech, using his teleprompter as always.
He said, “Four more years…pause.”
Yes, his teleprompter speech wanted him to “pause” for applause after the word “years” but he went ahead and read “pause” out loud as if it was part of the speech.
Of course, the official White House transcript deleted this screw up in order to not make Biden look like an idiot.
Obviously we all make mistakes like this in our life. The problem with Biden is that he makes them on what seems like a daily basis, constantly showing that he doesn't have the mental wherewithal to continue to be President. He has to be told what to say and how to act over the tiniest of life’s events and he very often still gets it wrong.
Anyone who thinks that a President with this serious of a cognitive situation is capable of resolving the major issues and problems of our time like the $34.5 trillion national debt is in a serious state of denial.
3)A running theme of this blog is trying to determine which state government will go bankrupt first. The states that we feel have the highest chance of going bankrupt usually comes down to four states: California, New Jersey, New York, and Illinois.
The politicians in these states continue to spend and waste their citizens’ tax dollars on ineffective and often stupid government programs. The problem is that:
They continually spend more and more which requires them to raise taxes on state residents and businesses.
Eventually, the tax burden gets too high for some people and businesses and they move out of the state.
This reduces the tax stream going to the overspending state politicians.
Rather than reduce spending to get in alignment with their reduced tax steam, they raise taxes on the remaining residents and businesses.
This drives more residents and businesses to leave the state which further reduces the state government tax stream and a financial death spiral is underway which eventually leads to bankruptcy court.
How bad is this over taxation in the states most likely to go bankrupt? Consider a recent analysis completed by the WalletHub website:
The analysis estimated what the lifetime earnings would be for any average resident in each of the 50 states.
The analysis then estimated how much of that average lifetime earning would be paid while living in each state.
This tax analysis took into account all likely taxes at the Federal, state county, and local government level in each state.
When all finished, one of our favored candidate states to go bankrupt was New Jersey.
The average lifetime New Jersey resident is likely to earn $1,818,191 and on average will pay $987,117 in total taxes.
Thus, on average the typical New Jersey residents will pay over 50% (54.3% to be exact) of their lifetime earnings in taxes.
It is no wonder that New Jersey residents and businesses are leaving the state for much less burdensome states when over half of what they earn goes to some government entity.
While New Jersey is the worst taxation state, New York is the fourth worst taxation state, Illinois is the eighth worst taxation state, and California is the ninth worst taxation state, the three other states that are losing large amounts of residents and businesses and are our other high probability candidate states to go bankrupt.
45% of the average resident’s earnings in New York go to taxes and 42% of the average resident’s earnings in Illinois go to taxes, and 41% of the average resident’s earnings in California go to taxes.
Not surprising, states that have seen significant population gains at the expense of the states listed above, Tennessee, Georgia, and Florida all have tax percentage ratios less than 30%.
The math is pretty simple. Why should a family or business stay in New Jersey when over half of their earnings and income goes to taxes when they can move to states such a s Florida where only 30% of their income goes to taxation? Once the financial death spiral starts it is next to impossible to stop and New Jersey, New York, Illinois, and California politicians have no clue what they are doing relative to fiscal constraint and sanity.
4)Karma is often a very funny thing and it has really raised its ugly head as a result of Biden’s failed border control policies, policies that have probably allowed over 8 million illegal immigrants to enter the country. Many of them have migrated to America’s largest cities where they have strained local city budgets at the expense of local taxpayers.
One of the hardest hit cities has been Denver. More illegal immigrants have landed in the city relative to the city’s population than every other city. But consider the following karma situation:
Denver politicians have often sanctimoniously bragged about how more compassionate they were of others by proclaiming that their city was a so-called sanctuary city.
This bragging eventually came to bite them in the butt as thousands and thousands of illegal immigrants eventually took the city politicians up on their welcoming bragging.
This has strained the city resources as they cut budget in other arrears in order to feed, shelter and medically treat the illegal immigrants in their sanctuary city.
But the pressure on these sanctuary loving politicians has gotten so hot that they are now trying to undo their sanctuary city promise.
For example, Denver’s Newcomer Communications Liaison, Andres Carrera, recently told an immigrant shelter that “opportunities are over'' in Denver.
He then made an offer to these thousands of illegal immigrants in the city: “You don’t have to walk anywhere, we can buy you a free ticket. You can go to any city. We can take you to the Canadian border, wherever!”
Finally he told the assembled crowd that life is better for these illegal immigrants elsewhere, not in his sanctuary city: “New York gives you more. Chicago gives you more. So, I suggest you go there where there is long term shelter. There are also more job opportunities there.”
These remarks come after Mayor Mike Johnson in March announced budget cuts in city services, those services that actually serve taxpayer Americans living in the city, because of the $180 million that will be needed to take care of the illegal immigrants.
This $180 million is a whopping 15% of the entire city government budget.
Say and promise stupid stuff, get stupid results, as sanctuary city politicians are learning the brutally hard way across the country. Karma is a bitch and that bitch is making life in Denver very uncomfortable for all concerned.
That will do it for today’s insanity: Denver is choking on its sanctuary city boast, the same four states are leading the way to bankruptcy court, Biden cannot follow even the simplest directions, and the national debt continues to skyrocket.
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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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