Showing posts with label gdp. Show all posts
Showing posts with label gdp. Show all posts

Wednesday, June 26, 2024

June, 2024, Part 3, By The Numbers: Failed Homeless Help In Portland, Drug Cartels Laundering Money In LA, $35 TRILLION In Debt and More

 On a periodic basis we do some posts that fall under the theme of by the numbers. Rather than trust what the American politician tells us about reality, we like to examine the real numbers and the real reality in the world to understand what is actually going on. Relying on politicians, and their cohorts in the media, to tell us what is reality is always a sucker bet. They have their own agendas and goals, usually centering around their needs and self-enrichment. So we need to look at the reality of the numbers to determine what is really going on.


Previous analyses of by the numbers can be accessed by entering the phrase in the search box above. We look at the numbers to truly find out how good, not likely, or bad, most likely, the American political class is doing in managing our tax dollars, protecting our freedoms, and resolving major issues that affect all of us.


1)One of the least discussed but biggest crises facing the country, a crisis that will crash our economy and squash our freedoms, is the ever growing Federal  government national debt, which is quickly approaching an astonishing $35,000,000,000,000. And things are not getting any better:

  • According to the Congressional Budget Office, this year’s Federal budget deficit is $400 billion higher than it was estimated to be just four months ago in February.

  • That is a 27% increase since February.

  • The national debt is expected to rise from 99% of the country’s GDP to 122% of GDP by 2034, the highest it has ever been in the country’s history.

  • Remember, that the fast approaching $35,000,000,000,000 national  debt means that every man, woman and child would have to write a check for over $100,000 to pay off the debt, an obvious impossibility.

These are the scariest numbers facing the country right now, no debate necessary. And yet, NOBODY in Washington has the guts, the brains, and the nerve to do anything about it.

2)Given the $35 trillion national debt that the Federal  government has dug for itself, consider just one example of how we got to this horrendous number and really have nothing to show for it:

  • In 2021, early in Biden’s term, he and Congress set aside $42,500,000,000 to expand high speed internet access to every American.

  • Sadly and pathetically, three and a half years later the FCC commissioner, Brendan Carr, testified to Congress that exactly 0 people have been connected as a result of this program.

  • He also reported that 0 people will likely see the benefit of this program since plans for this effort will not be completed until 2025 at the earliest.

According to the commissioner, money from the program has been spent but not spent on the original intent  of the budget authorization. Out of control spending with  zero tangible benefits after 3 years.

3)One of the more  outstanding features of Biden’s failed  immigration policies is that he has often facetiously been tagged as Mexican Drug Cartels’ Employee of the  month, having allowed the cartels free rein to bring in unprecedented amounts of illegal drugs into the country via our leaky Biden  borders.

Just one  example of this failure was recently reported in Los Angeles:

  • A 5 year investigation by Federal authorities has found a money laundering scheme involving the Mexican Sinaloa drug cartel and  Chinese individuals in  the United States.

  • The 10 count indictment charged these two  groups with  money laundering as it related to drug trafficking  sales worth more than $50 million.

  • 24 individuals were named in  the  indictment.

The good news is that a  drug cartel operation is out of business. The bad news  is  who  knows how many similar types of  money laundering and  drug trafficking  operations are still  going  on, littering our streets with  poisonous drugs and  annual  drug overdose deaths  of over 100,000.

4)One very sad and serious problem that the American political class has created  and  which has shown no ability to  fix is the homelessness problem in this country.  We are by far the richest country to ever exist in history and yet on any one day there are probably  about 600,000 Americans living on the streets, hungry and without shelter.

And much like the city of Seattle that we recently discussed relative to homelessness, the city of Portland and it's politicians also have  a pretty poor, but expensive, track record in  fixing their homeless problem:

  • In 2023, the Portland area of Oregon spent over $530,000,000 to address their wide ranging homeless problem.

  • And yet, despite  spending about half  a billion dollars in one year on the problem, a recent analysis and  report found that the number of homeless in the  area increased a whopping 70%.

  • The number itself was shocking,” confessed John Tapogna, a senior policy advisor at ECOnorthwest, which conducted an analysis of these figures.

  • According to the latest counts, it is  estimated that there are about 7,500 homeless  individuals in the Portland  area living either in emergency shelters or on the streets.

  • If somehow that $530 million of taxpayer  money could have magically been given directly to those 7,500  homeless folks, each  one of them would have received about $71,000 EACH, an amount that would have allowed each  one  of those folks an income  that could have  afforded them living space.

  • Instead, 7,500 are still homeless and  that $530,000,000 is nowhere to be  found.

Spending $500,000,000 of  taxpayer wealth and seeing the problem still  grow by 70% is certainly a major failure and  probably means some politically connected  groups and  individuals are getting quite wealthy off the taxpayers without being  effective. The numbers do not  lie.

Enough  numbers today:  failed homeless problem  solving in Portland, drug cartels  alive and well  in Los Angeles, Biden’s high  speed internet program  fails, and $35,000,000,000,000 in national  debt is closing fast.

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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:

Monday, June 3, 2024

June, 2024, By The Numbers: Illegal Immigrants Get Half of The New Jobs, Fast Food Is Now A Luxury Item, SNAP Food Program Wastes $34 Million a Day

 On a periodic basis we do some posts that fall under the theme of “by the numbers.” Rather than trust what the American politician tells us about reality, we like to examine the real numbers and the real reality in the world to understand what is actually going on. Relying on politicians, and their cohorts in the media, to tell us what is reality is always a sucker bet. They have their own agendas and goals, usually centering around their needs and self-enrichment. So we need to look at the reality of the numbers to determine what is really going on.

Previous analyses of “by the numbers” can be accessed by entering the phrase in the search box above. We look at the numbers to truly find out how good, not likely, or bad, most likely, the American political class is doing in managing our tax dollars, protecting our freedoms, and resolving major issues that affect all of us.


1)A recent study by the Economic Policy Innovation center revealed these disturbing numbers when it comes to the Federal government’s food stamp program, now known as SNAP:


  • According to the study findings, the program loses $34 millions A DAY of taxpayer wealth due to errors and inconsistencies in the program.

  • Alaska was the worst offender of the program with a whopping 57% of its payments being inconsistent or outright wrong.

  • Delaware, Hawaii, Maryland and Oregon are not much better with each of them having error rates above 20%.

  • Stacy Dean, a top-ranking nutrition official at the Department of Agriculture, said the agency would work harder to cut back on payment errors, which one would hope so if the taxpayer is  losing $34 million a day.

  • The program cost taxpayers $31 billion in 2001 but on an inflation adjusted basis, the cost of the program has grown more than fourfold, up to $135 billion a year.

  • And the $34 million may be an underestimate since the USDA does not record any faulty SNAP payments that are below $48.


Another waste of taxpayer wealth, with the extraordinary damage coming out to at least $34 million a DAY.


2)Remember when a visit to a fast food place was a cheap alternative to going out to a sit down restaurant? As a result of Biden’s dismal economic policies, a visit to a fast food place is longer cheap:


  • A recent study by LendingTree found that a whopping 78% of those polled said that fast food visits are now a “luxury” in their household budget.

  • About 50% of those polled said that they view fast food options as a luxury because they are struggling financially.

  • 62% of the respondents said they are eating  out less frequently at fast food options because of the cost.

  • 75% claim that fast food options are now more expensive than eating at home.

  • According to the Federal Reserve, the cost to eat out at a fast food location is up 41% since 2017 while the overall measure of inflation is up just under 35%,

  • The cost of a McDonald’s cheeseburger and Chick-fil-A chicken nuggets are up over 200% in price in the past five years.


More evidence of Biden’s failed economic programs and ability, fast food is now a luxury.


3)While the numbers of Biden’s economic policies are not good, the numbers of his failed immigration policies are also horrendous:


  • According to an analysis by the Standard Chartered Bank NY Branch, about 50% of the jobs created in this country this year likely went to illegal immigrants, not American citizens.

  • Of the 231,000 jobs that were created on average every month this year, it is estimated that 109,000 of them on average went to illegal immigrants.

  • The estimates are based on analysis of detailed data from the U.S. Customs and Border Protection and U.S. Citizenship and Immigration Services.


Again, another example where Washington politicians care more about the welfare of illegal immigrants than they do of American citizens. 50% of all newly created jobs going to illegal immigrants,  crowding out the job needs of American  citizens.


4)A couple more quick hitting numbers as a result of Biden’s poor economic management skills:


  • While overall national  economic growth has not been  great lately under Biden, the annualized economic growth from the first quarter of 2024 was recently downgraded by the government from 1.6% to 1.3%.

  • According to a recent HHS government  report, about 7.7% of Americans currently do not have  health insurance  coverage, or about 26 million Americans do  not have health insurance.

  • A side note: obviously this  is a sad commentary on Obama Care that was supposed to and was promised to ensure that every American was covered by low cost health  insurance.

  • And  despite the reality that 26 million Americans do  not have health care insurance coverage, the Biden administration recently announced that it would be using American taxpayer  money to provide health insurance coverage to 100,000 young illegal immigrants, the 26 million  uninsured American citizens be damned.


Speaking of illegal immigrant numbers, another failed policy of the Biden administration:


  • In 2020 there were  10.2 million  illegal immigrants in the country

  • Three years later, Biden had allowed about 10 million more unvetted and unvaccinated illegal immigrants to enter the country where they are draining local government budgets of American taxpayer wealth, wealth that is now used to educate, feed, shelter and provide medical care to these additional 10 million illegal immigrants.

  • For comparison, if the total number of 20 million illegal immigrants settled in one state, that state would be tied with New York as the 4th most populous state.

  • If we count only the illegal immigrants that Biden has allowed in, in just over three years, and placed them in a single state,  that state would be the 10th most populated state, having  more residents than densely populated states like New Jersey, Virginia, and Massachusetts.

  • If his illegal  immigrants were put in one state, it would be populated by more people than the 13 states with the least number of residents combined.


Again, American politicians care more about illegal immigrants than they do about Americans, be it jobs, food, shelter, and medical care.


That will do it for today. As  always, when we look at the numbers we realize what a pathetic job the American political class does when it comes to efficient and effective use of taxpayer dollars. The numbers do not lie even if politicians do.


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

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: