We have spent a lot of our recent posts about which state or city will go bankrupt first and the massive fraud that has been going on relative to government programs. But that does not mean that the political class has been up to its traditional incompetence, insanity, and screw ups. So, let’s catch up with the shenanigans that continue to plague the country:
1)New Jersey is one of the states we have, from the beginning, thought had a good chance of being the first state government to go bankrupt. High taxes, out-migration of businesses and residents, high housing costs, excessive debt and unfunded financial liabilities, etc. mimic the factors that other state candidates to go bankrupt are also suffering from.
We believe that New Jersey is not the front runner right now to go bankrupt first. California and Illinois are probably in the lead for that race. But New Jersey is still in the race as businesses flee the state, taking pieces of the tax base and economic impact with them:
Exxon ended its 144 year incorporation relationship in New Jersey by moving to Texas.
Samsung is moving its headquarters out of New Jersey and moving to Texas and taking 1,000 employees with them.
In early 2026, the Anheuser-Busch brewery in Newark, New Jersey shut down, ending almost 75 years of brewing beer in the state.
And now we find out that Mars Wrigley is shutting down its Newark, New Jersey headquarters and eliminating over 300 New Jersey jobs.
The move out of state is happening just six years after the location was established in New Jersey.
Now the irony is these employees are moving to the Chicago Mars operation, a prime city to go bankrupt in the very near future. However, the city of Chicago, already in a financial death spiral, was so desperate for the relocation out of New Jersey that the city gave an immense tax credit package worth up to $428 million over the next 15 years.
Given that Chicago city actuaries predict that the city government will go bankrupt in 5-7 years I hope that the company gets that city money upfront because the money is unlikely to be there in a few years.
2)Biden’s immigration policies were a disaster. Millions of unvetted, unvaccinated, and criminal folks from around the world entered the country without so much as a checkpoint. The crime and violence that many of these illegal immigrants imposed on American citizens has been well documented in this blog.
But perhaps the most distressing aspect of the failed Biden immigration policies is that he lost track of possibly over 300,000 immigrant kids. While many of these kids likely landed safely with relatives or friends, it is pretty clear that many of them probably ended up dead, being sex trafficked, or working in sweat shops.
And the situation recently surfaced again:
Xavier Becerra was Biden’s Department of Health and Human Services Secretary.
As a result, he was knee deep in the illegal immigrant crisis.
He is now a candidate to become the next governor of California.
But new whistleblower accusations say that Biden and Becerra were in charge when kids as young as six were allowed to fall into child labor and sex trafficking efforts.
A former executive under Becerra claims that at least 130,000 illegal immigrant kids are still unaccounted for.
That whistleblower warned California voters about the danger of electing him to be governor: “When he was in charge of kids before, he didn’t do a very good job of it.”
An immigration caseworker claims that illegal immigrant kids were released to people with minimal vetting, siblings were separated, and others simply disappeared from any government tracking processes.
All of this happened under Becerra’s watch.
Trump’s Department of Homeland Security estimates that Biden and Becerra lost track of 146,000 kids.
According to the executive whistleblower: “It was about getting kids out of government custody as fast as possible, and that’s where the horrors occurred because there was very little vetting of sponsors. That’s when they become missing.”
Disgusting neglect of kids. And he wants to be the next governor of the biggest state in the union, another indictment of our political processes where incompetence continues to be rewarded.
Note: his campaign obviously disputed the claims and the missing kids. However, when it comes to believing hardworking whistleblowers who risk their reputations and livelihoods vs believing any politician, I will always believe the whistleblowers.
3)We have been doing a regularly occurring set of posts regarding the massive defrauding of government programs that have recently been uncovered. The latest dedicated post on that subject can be accessed at:
https://loathemygovernment.blogspot.com/2026/07/government-taxpayer-fraud-and_0199329750.html
The following discussion is similar to other schemes that continue to defraud the American taxpayer that fits in nicely with our posts dedicated to fraud:
Khalid Ahmed Satary was recently arrested in the Middle East after three years on the run from justice in this country.
The Federal government has been looking for him in connection with allegedly operating a massive Medicare fraud scheme.
Federal prosecutors allege that Satary operated a bogus cancer genetic testing program which recruited Medicare beneficiaries for pricey but unnecessary genetic tests and then billed Medicare for up to $20,000 per test.
Between 2016 and 2019 he allegedly billed Medicare for a whopping $547 MILLION.
It has been billed as the largest health care fraud ever, over half a BILLION dollars billed in three short years.
And he did not work alone, he had a whole network involved in the fraudulent billing including doctors.
He was indicted in 2019 and the Feds seized 16 bank accounts along with real estate holdings.
Unbelievably he was released on bail at which point he continued to defraud the government and eventually fled the country.
“The arrest of Khalid Ahmed Satary and return to the U.S. is the third Most Wanted Fraudster capture from this FBI and our partners in just 5 weeks – continuing the historic run of success for this new initiative,” FBI Director Kash Patel said.
What is more amazing than his alleged stealing of over half a billion dollars is how he got away with this for three years. Do some simple math:
He stole at least $547 million.
This occurred over three years.
Let’s assume he worked at this for five days a week, taking the weekends off.
52 weeks by five days a week by three years comes out to billing/defrauding the American taxpayer via Medicare about $700,000 A DAY on average.
Which raises a very distressing question: how could this happen over such a long period of time and no warning flags or audits pop up in the government computers paying out this money? $700,000 a day for three years is obviously a ridiculous situation and it went on unabated and unnoticed for a long time. Disgusting government disrespect for the American taxpayer.
Enough insanity for today: New Jersey’s business tax base takes another hit, Biden and his minions lost well over a hundred thousands kids during his immigration disaster, and apparently it is quite easy to defraud the Medicare system and the American taxpayer for about $700,000 a day.
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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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