Showing posts with label facebook. Show all posts
Showing posts with label facebook. Show all posts

Sunday, October 25, 2026

October, 2016, Political Class Insanity, Part 6: More FBI Corruption, More Poor Education Results, More Proof Biden Blew the Afghanistan Withdrawal and More

 The incompetence and mismanagement of taxpayer dollars and government programs, be it Covid, voting, or over staffing continue to waste taxpayer dollars while never resolving any major issue facing the country. We call it political class insanity  so here is  today's dose of  recent insanity:

1)We have often discussed the  reality that the Biden administration illegally and morally weaponized the Federal government to go after their enemies and those with a different position on issues of the time.  They went after Trump, they illegally spied on dozens of Republicans in Congress, they tracked hundreds of thousands of Americans who bought MAGA hats, they sent FBI agents and sometimes FBI SWAT teams to the homes of anti-abotion advocates who did nothing illegal, they forced banks to not do business with conservative and Republican organizations and businesses, etc.

And unfortunately, they took one of the few Federal government  agencies that had a reputation for integrity and turned it into a political weapon, the FBI. And the  ramifications of that abuse of power were recently in the news again:

  • Two former FBI high  ranking officials  were recently arrested on charges of  lying  to Congress while under oath.

  • Nikki  Cole Floirs was  a  deputy assistant director in the FBI in charge  of the FBI’s Foreign Influence Task Force.

  • Bradley Benavides was section  chief  of that task force.

  • Their  alleged lies to Congress revolved around the Hunter Biden investigations.

  • Both testified in front  of Congress that themselves and the task force were not involved in the Hunter Biden situation.

  • But according to FBI Director, Kash Patel: “Documentary evidence, contemporaneous communications, and witness accounts contradict their testimony.”

  • Recent declassified government documents allegedly show that the task  force and the former  agents had worked hard to protect Hunter Biden from the allegations involving corruption in  Ukraine.

  • Those documents also allegedly show Floria bragging about how she was “running a shadow government” inside the FBI.

“Running a shadow government,”  chilling words to be said by a high ranking law  enforcement  officer that had  sworn to  uphold the laws and Constitution of  the country. And the integrity of the FBI, and the  government in general, takes another hit as far as being unbiased and free from political  hanky panky.

2)The Federal Department  of Education has been around since the Carter administration in 1980, over 45 years ago. Since the current 2026 budget for  the Department  is $79 billion, it is probably a safe bet that the American taxpayer has paid over a trillion dollars into the Department over the past four and a half decades.

Unfortunately, even with spending a  trillion dollars, the education  of our kids has  gotten worse over time:

  • In testing the education achievement levels of kids across different countries, there are usually about two dozen or so countries that educate  their kids better than we educate ours and they usually do  it at a lower cost.

  • We have  previously discussed the reality at a Baltimore inner city high school  where 70% of the graduating seniors were reading at a third grade level or below.

  • We have  also previously discussed the  reality that in  Chicago there were dozens of schools that did not have a single kid that was proficient at grade  level testing for math and reading.

And recent  reports out of California confirm that the situation, despite a trillion dollars, is not getting any better:

  • Across the entire University of California university system almost  20% of freshment students enrolled in  introductory math classes failed  to pass  those classes.

  • This is double the failure rate from just five years ago.

  • This  is  obviously a black eye to the  high  school and elementary education  attainment of these failing freshmen.

  • One of the state universities, UC Merced, had a whopping 36.4% of their  freshmen failing to  pass introductory math classes.

  • This  failure rate was more  than double the  failure rate from five years ago.

  • UC  Riverside  saw  its  failure rate jump 150% over the  five years,  going from  about 8% to  about 20%.

  • Joel Hass, a math professor at UC Davis had  these insights: “There is a wider range of interest and preparedness. We still have a good number of highly qualified students, but also many who are unprepared for college. The preparedness gap between these groups is large.”

  • But this should not surprise us since California grammar and high school students are not doing well  with  only 49.3%  meeting or beating English arts standard testing and  only 38.4% being  proficient in math  in standard testing.

  • And  yet, the state taxpayers via the state government spent $134 billion on K-12 education in  2025-2026 or about a whopping $26,450 per  student, certainly not  a good investment.

  • Given that California state universities do not use SAT or ACT scores  when considering admission, it should not be surprising  that kids getting into  these colleges are not ready for college level learning  since their poor SAT and ACT scores would have shown that reality.

Einstein once said  that doing the same thing over  and over and  expecting different results is the definition of insanity. Spending billions and billions of dollars every year and expecting different  education  results  without changing  the  approach  to education  is  a  prime example of Einstein’s observation.

3)Biden’s Presidency was marked with numerous failures that we will not go into today. Previous  posts examined the failed economic, Constitutional, military, immigration, and diplomatic failures. One of his most prominent failures was the disastrous  withdrawal  from  Afghanistan where  his evacuation plan resulted in the unnecessary death  and wounding of dozens of American service  people.

A recent book by Azadeh  Moavani, which was  excerpted in a recent Vanity Fair article, shows how panicky Jill  Biden's staff was  because  of her  husband's botched Afghanistan withdrawal:

  • As  the withdrawal disaster proceeded, there was an emergency call  where Jill Biden’s staff scrambled to protect the First  Lady’s exposure to the  disaster.

  • The call included discussions about suspending Jill Biden’s “Joining Forces”  initiative  for military families so that she would not face tough questions  or anger from military families.

  • They also discussed curtailing her  public activity for the same reason.

  • According to the article:  “They had a huge fear of doing anything at bases, they were just petrified. Even though this was when military communities needed support.” 

  • While she did visit one military base during  this timeframe, her staff forbade the press from accompanying her, probably to  make sure  there  would not  be negative press.

Another and  unexpected proof that Biden really put together a fatally flawed and  fatal plan to withdraw from  Afghanistan.

4)We have  previously discussed the ridiculously stupid plan out in  California that would impose a  5%  “wealth tax” on  billionaires living in the state. The  plan  is on the ballot for  next month’s elections.  As a result of just the thought  of such a tax, many billionaires and other  wealthy California people  have fled the state to  avoid the potential tax on wealth, not income.

This out migration  will reduce the  expected  take from a wealth tax  if it  is  passed since a lot of the billionaires that were  assumed to be liable to the tax have left the state already to avoid it. Also, not only will  the  wealth  tax not deliver what has been promised but other tax revenue streams will also  suffer.  

Billionaires who left the state because of the wealth tax idea will no  longer be paying state  income taxes, property taxes, sales taxes, etc. so that the entire state government tax stream has  already taken a hit. Thus, the wealth tax may not happen but the  threat of it has had major negative effects on tax revenue.

An unforeseen  negative impact of such a tax has recently arisen as it concerns  Mark Zuckerberg the  CEO  of Meta/Facebook:

  • Zuckerberg lives and  works in California and is a billionaire many times over.

  • If the wealth tax becomes reality,  there are estimates that he would have to pay over $12 billion.

  • As a result, he  has publicly stated that he may move his residence out  of the state to  avoid  the tax.

  • But high ranking Meta executives and the board  of directors want to keep him in the state and close  to the  Meta  operations.

  • So  they have  come up with  a plan  to shield his personal wealth and  keep him in the state because they feel that having  Zuckerberg  close to  the  Meta operations in  California is “critically important” to the company's  future success.

  • Thus, the board has  approved a new class  of nonvoting stock shares that they would create and give to  Zuckerberg who  could then sell to  cover his personal  wealth  tax amount.

  • As a result, Zuckerberg has committed  to staying in the state for eight more years since his wealth tax liability is now covered by the gift  of nonvoting  shares that he  can now sell  to cover the tax liability.

However, while Zuckerberg suffers no financial downside,  millions  of Americans that own Meta shares will take a financial hit.  It is a simple  matter of basic economics: with the creation  of news shares,  current shares are less valuable since the value of the  company did not increase, but the value is now spread out  over more shares in the market  when Zuckerberg sells his  nonvoting shares.

A simple matter  of supply and demand: increase the supply (stock shares) and  the demand, and the resulting price, goes  down. Thus, an unintended bad consequence of the ridiculous wealth  tax idea is that average Americans will see a decrease in their wealth via Meta share  ownership while Zuckerberg pays  nothing in additional taxes. 

A  stupid  idea gets even more  stupid. But kudos to Zuckerberg on  avoiding the wealth tax  impact on his financials.

Enough insanity for today: more negative wealth  tax fallout, more  proof that Biden blew the Afghanistan withdrawal,  more failing education results in the  country  and  more  FBI corruption and loss of integrity.

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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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Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:


Friday, June 5, 2026

The Race To Bankruptcy Court: Seattle Is Coming On Strong As it Hollows Out Its City Tax Base

 Let’s take a brief break  from  our run  of posts regarding the massive corruption  and fraud in government  programs and return to one of the hottest topics we have been covering over the past few years, coverage that has intensified recently: which major city or state government will get to bankruptcy court first? Our primary cities in the race to bankruptcy include New York City, Chicago, Los Angeles, San Francisco, and newcomer, Seattle. The state governments that we think are soon heading into bankruptcy include New York, New Jersey, Illinois, and California with Washington state a newcomer to the race.


The reason for returning to this topic in the midst of our corruption series is because there have  been some significant developments in the race to bankruptcy court. However, before reviewing the latest news and seeing which state or city is making the best progress towards government bankruptcy, let’s review how these cities and states got themselves into this financial death spiral position to begin with:


  • A government entity keeps expanding its budget, eventually putting pressure on the tax revenue stream it receives.

  • At some point, rather than cut government spending or make its programs more efficient financially, the politicians in charge raise taxes to meet the ever growing government expenditures.

  • The raising of taxes causes some residents and businesses to leave the city or state for less tax burdensome areas, reducing the tax base and reducing the revenue stream.

  • Rather than cut expenses and become more efficient to match the reduced tax revenue stream, politicians in the above cities or states raise the tax burden even more.

  • This causes more residents and businesses to flee the city or state, further reducing the tax base and tax revenue stream.

  • At some point politicians panic and raise taxes more and start cutting vital government services (e.g. police, fire, education) in order to try and balance government spending against the shrinking tax base and revenue stream.

  • The reduction in quality of government services in particular and quality of life in general drives more residents and businesses out of the area.

  • Eventually, the expenses, costs and financial liabilities outstrip the reduced tax stream and bankruptcy occurs.


Okay that’s the process, now lets check the progress some of the above listed government entities are making to achieve this bankruptcy goal against this process:


1)For  the longest time Seattle was not in our discussion  and  analyses of which major city would go bankrupt next. However, with the election of Katie Wilson as Mayor earlier this year along with a political  class that does not understand basic economics or human nature, Seattle has been  making a late run in the race to bankruptcy. Consider:


  • We have already discussed the reality that Starbucks is moving over 2,000 high paying and tax paying  jobs out of Seattle and  taking them  to Tennessee, weakening an already weak city tax base.

  • Analysis of  IRS migration data  showed that more 68,000  tax filers left King  county, the home county of Seattle, in 2023.

  • You can probably safely assume  that the majority of those jobs that left the county were from the city of Seattle.

  • Those taxpayers  who left took $2.19 billion in adjusted  gross income (AGI) with them, AGI that the county and city can no longer tax, as  reported by the Puget Sound Business Journal.

  • The migration of those jobs has  continued since 2023 as  witnessed  by the Starbucks move and other corporate  job moves.

  • The good news at least for  the state of Washington is that a lot of those who left King County stayed in  the state, just in other state cities and  counties, but many migrating taxpayers also left the state itself.

  • The IRS data also suggested that while some people are moving  into Seattle  proper, those newcomers are on average earning less than  the people who are leaving, reducing the taxbase and reducing the amount  of disposable income to expand the city’s economy.

  • Downtown Seattle  Association, Jon  Scholes, has stated that more than  13,000 jobs  left  Seattle in 2025, citing business and  resident taxes as a prime driver  of the out immigration.

  • Business  realtor, Cushman & Wakefield, estimates that the business real estate vacancy rate was a whopping 33% during the first quarter of 2026, higher than the vacancy rate in both  Los Angeles and San Francisco, two of our top city candidates to  go bankrupt.

  • Investment  company Blackstone recently sold its  U.S. Bank Center in DSeattle for about $270 million, a 54% decrease from what it paid for the  space in 2019,

  • Amazon, Meta/Facebook, and of course,  Starbucks, have either downsized their employee counts in the city or have  announced plans to do so, further decimating the city’s tax base.


As you can see,  the  accelerating  bad economic conditions in Seattle perfectly fit into our financial death spiral  model  above: high taxes drive higher  earning residents and businesses out of the city which results in a smaller tax base and  lower tax revenue which drives politicians  like mayor Katie  Wilson to raise taxes to makeup for the tax revenue shortfall which drives out more businesses and taxpayers,  further reducing the tax  base and the race to bankruptcy, thanks to Seattle, just got more interesting.


2) The website,  https://newsusstareverydays.com, recently commented on what Katie Wilson is  doing and what the negative  impact is likely to be:

  • We have previously reported that when  the mayor was asked if she was concerned that millionaires were fleeing the city because of high taxes, she condescendingly replied “Bye.” 

  • Weeks  later she  finally acknowledged that her flip answer was not  in the best interests of the city and its tax base.

  • Nick Hanauer, a local  Seattle billionaire, has allegedly told local reporters that  just about every wealthy friend of his  has  already left Washington or  is actively planning to leave, many of  whom live or lived in Seattle.

  • A major driver of this wealthy out migration are not only the historically high taxes but the new state government 9.9% income tax on high earners.

  • Howard Schultz,  founder of Starbucks  and a recent  ex-resident of Seattle, accused Wilson of being an enemy of  businesses rather than partners in growing the city economy.

  • The same day he made those statements, Starbucks announced 61 Seattle layoffs and  the moving of 2,000 jobs to Tennessee.

  • Apparently  an  approaching budget shortfall of  $140 million is becoming a  reality for the 2027 budget planning process.

  • Microsoft,  a big employer  in  Seattle, has offered some employees voluntary retirement packages.

  • Oracle has almost 500 jobs in the Seattle area this past April.

  • At the  same time, Meta/Facebook cut 168 Washington state jobs.

  • Boeing is moving 300 jobs out of the Seattle area to South Carolina.


As  you  can see, the financial  death spiral laid out above at the start of this  post is  now playing out in  Seattle. And so far, no politician including the mayor seem  to have any plans to reduce the tax burden that is driving the out  immigration trend and reducing government spending to match the smaller tax base which means the   spiral  will  accelerate going forward. Seattle,  once not  considered as a candidate to go  bankrupt quickly, is quickly making up for lost time.


The full discussion on the situation in  Seattle can be  accessed at the  following link:


https://newsusstareverydays.com/thaohtv/admitted-bn/?fbclid=IwY2xjawSL5d5leHRuA2FlbQIxMQBzcnRjBmFwcF9pZA80MDk5NjI2MjMwODU2MDkAAR5cpCFZsFT5YLTdz7jWGtCHGMtwmKJA3Kou9jP-cyQoDDlhdslQt2M93VQs4g_aem_2EMJS6enDtVgu7T08PnW1g


3)But it is not  just high technology companies that are moving their operations and taxpaying employees out of Seattle and Washington state:


  • Rise, a baking  company headquartered in Minnesota, recently announced that it was shutting down its Kent, Washington location, eliminating  120 Washington based jobs in the process.

  • The functions and jobs at the  Kent location will move to an  expanded company manufacturing location  in Utah.

  • The  expansion  will create an additional 170 positions in Utah, not Washington.


Just another nail in the coffin of a company that decided expanding its operations  was better done  outside of Seattle and the state of Washington.


That will do it  for  now. The bad news is Seattle  is doing a great job of  hollowing  out its taxable resources, residents  and businesses.  The good news  is that Seattle is making a great run at being the next major American  city to go bankrupt.


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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



**********************


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at: