Thursday, October 20, 2022

More By The Numbers: Everything The Government Touches Gets More Expensive Without Getting Any Better, California Is A Dumpster Fire, and The Mainstream Media Is The Real Threat To Democracy

 On a periodic basis we do some posts that fall under the theme of “by the numbers.” Rather than trust what the American political class 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. This is the third and final post this month where 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)The U.S. Federal government spends a lot of money, trillions of dollars a year. Unfortunately, as we have pointed out many times, we do not get a lot of value for our money:


  • We continue to under educate our kids with low performing public schools.

  • Our roads, bridges, and dams are crumbling apart after decades of neglect.

  • Social Security and Medicare are rapidly approaching bankruptcy.

  • Crime is rising across the country.

  • Millions of Americans are homeless, hungry and fighting drug addictions.


Yes trillions of dollars spent and never a problem getting resolved.


But it  is even worse than that. Consider some numbers on price inflation over the decades:


  • The price of bananas has increased almost 2 fold since 1980.

  • The price of a dozen eggs has increased  almost 4 fold.

  • The price of Levi’s 501 jeans has increased almost 5 fold.

  • The cost of a two door Ford Mustang sedan has increased almost 5 fold.

  • The price of an average home has increased almost 7 fold.

  • The annual cost of college has increased over 9 fold.

  • The cost of Medicare Part B premium has increased almost 18 fold.


A few observations:

  • The product categories which probably have the highest level of government and politician meddling, housing, Medicare and education, have had the highest inflation rates in the above categories.

  • Medicare is going bankrupt despite the Federal  government trying to fix it for decades, home ownership levels have been stagnant for decades,  and government student loan programs have saddled thousands of former students with high levels of student loan debt.

  • Categories where the Federal  government has done minimal or virtually no meddling in, clothes and food, have much lower rates of inflation.

  • In fact, the cost of a 16” color TV, a product category where there is virtually no Federal government or politician intervention, has seen prices drop a whopping 77% since 1980.


Bottom line: politicians spend a lot of our tax dollars and get no issues resolved AND often where they do spend a lot of our tax dollars, they make the situation worse and more expensive for  Americans.


2)California is a mess:


  • Its cities are filthy and suffering through rampant increases in violent crime.

  • The homeless problem is large and getting larger everyday.

  • The poverty level is the highest in the country.

  • The cost of living, for everything from gas to  housing to utilities, is among the highest in the country.

  • The state government is facing almost a trillion dollars in future unfunded financial liabilities.

  • The state may be the most heavily taxed state in the union.

  • Companies, both large and small, are leaving the state which is reducing the tax base and making it more difficult to pay today's bills and tomorrow’s unfunded financial liabilities.


And it  is  not just companies that are leaving or who would like to leave the state:


  • A recent opinion poll conducted by the Joint Venture Silicon Valley found  that 56% of those polled say they will  relocate out of the California Bay area at some point in  time.

  • This is up from 53% just a year ago.

  • Reasons for leaving in the poll include quality of life, taxes, high housing costs, crime, and homelessness.

  • While 47% of white respondents said they would be leaving the Bay area, 53% of black, 59% of Hispanics, and 57% of Asian Americans said they would be moving out of the area.

  • The least wealthy in the poll were the most likely to say they were moving with 57% of those polled who earn less than $35,000 a year saying they would be moving while only 41% of those earning $250,000 - $500,000 saying they would be  moving.

  • A whopping 71% of those polled who identify as Republicans said in the poll that they would be  leaving the state altogether while only 41% of Democrats said they would be leaving the state,

  • Another 15% said they would like to leave the Bay area but for various reasons cannot.


So the fact that California lost 182,000 residents in 2020 may just be the beginning of a continued mass exodus out of the state as residents look for a better, safer,  and a less expensive quality of life elsewhere. Now, while those leaving the Bay Area may just be moving to other parts of the state, I would bet a good portion of that 56% will be getting out of the state altogether.


The numbers do not lie: California’s political class has somehow ruined an incredible paradise on earth and is driving out tax paying residents and businesses, accelerating a likely financial collapse of the state government in the not too distant future as the tax base erodes and tax revenue collapses.


3)There were some surprising numbers from a recent New York Times opinion poll:


  • Many Americans actually do believe that is a “threat to democracy” in this country.

  • Now, the mainstream media would probably have you believe that the main threats to democracy include Donald Trump, MAGA supporters, Republicans, and Second Amendment supporters.

  • Surprisingly, a large portion of those polled said that the “mainstream media '' is a major threat to democracy in this country.

  • 71% of those polled said democracy is in danger and 84% of those 71% said that the mainstream  media is a continuing factor to that danger

  • 59% said that the mainstream media is a “major threat to democracy” and 25% said it is a “minor threat to democracy.

  • Only 29% of Democrats said that the mainstream media poses no threat to democracy, only 3% of Republicans say it poses no threat, and only 14% of independents  say it poses no threat.


This is a serious situation and sad commentary on our democracy. One would hope that any journalist or news reporting entity would be unbiased and would be just presenting the facts of the world and not be a “threat to democracy” in the eyes of citizens and voters. 


If citizens view journalists and newscasters as threats, then any truth that they actually do report will be doubted and shunned aside, making it more difficult to resolve the many issues facing the country and endangering our freedoms at the same time. Sad and depressing set of numbers.


So, according to the numbers, the mainstream media is the primary danger to democracy and our freedoms, California is still a raging dumpster fire as businesses and residents look for a better life for themselves, their families, and their employees, and anything that the government and politicians touch becomes more expensive and not any better.


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:


Please visit the following sites for freedom:

Tuesday, October 11, 2022

By The Numbers: Out Of Control Government Spending, Out Of Control Chicago Violence, 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 political class 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. This is the third and final post this month where 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)For over ten years we have pointed out that the Federal government was living and spending well beyond its means. Every year it has had to sell government bonds to make up the difference between what it spends and the taxes it collects. In fact, the Federal government has not run a budget surplus since the Bill Clinton Presidency, over twenty years ago and that was for only a short time.


The problem with such deficit spending is that the interest has to be paid on those government bonds every year, which means the interest line in the Federal government budget gets larger and larger every year as the national debt gets larger and larger every year. We have reached a point where tax dollars spent just on paying down the incurred debt is one of the biggest national expenses every year.


Under the Biden Presidency the national debt of the Federal  government just exceeded $31,000,000,000,000. That’s a mind blowing $31 TRILLION. To give you an idea how imposing and dangerous that debt level is, consider the following numbers:


  • In order to pay off that debt, every American taxpayer would have to write a check for over $221,000.

  • If you put that debt burden on every American citizen, then every American citizen, including newborns, toddlers, and kids would have to write a check for over $84,000.

  • If you had spent  $1,000,000 (one million dollars) a DAY since Christ was born, you still would have  not spent one trillion dollars, nowhere close to the $31 TRILLION national debt.

  • The Federal Reserve recently estimated that the total wealth in the country was about $123 TRILLION which means that every man, woman and  kid in the country would have to give up about 25% of everything they owned to pay off the national debt.


We are so screwed since, as readers of this blog know, the $31 TRILLION is only the current debt level of the Federal government. The unfunded future liabilities of the Federal government, debt and expenses coming due that cannot be paid with current tax streams, is a whopping $80+ TRILLION plus. Add in the debt incurred at the state and city level and a conservative estimate shows that the American political class has created a government debt crisis of about $125 TRILLION.


In other words, if the Federal Reserve total national wealth estimate of $123 TRILLION is correct, all  levels of government in this country owe more money than what the entire country is worth. Well done, American political class, spending more money than assets are available to pay for those expenses and debt, a classic definition of bankruptcy.


For a detailed account of the Federal Reserve total  wealth analysis, go to:


https://loathemygovernment.blogspot.com/2021/01/happy-new-year-and-welcome-to.html


2)Continuing with the Federal  government budget crisis theme, in fiscal year 2021, the Federal government collected more tax revenue than at any time in its history.  And yet, it STILL spent $2.8 TRILLION more than it collected. 


This means that theoretically, every American taxpayer in 2021 would have paid an additional $20,000 in Federal income tax to make up for the budget deficit that Washington incurred. Many taxpayers do not make $20,000 a year, never mind paying an additional $20,000.


And the very sad part of this wild deficit spending is the following problems:


  • We still continue to under educate our kids despite a $2.8 TRILLION budget deficit.

  • Our roads, bridges and dams continue to fall apart despite  a $2.8 TRILLION budget deficit.

  • Millions of Americans are homeless, hungry, and drug addicted despite a $2.8 TRILLION budget deficit.


In other words we get heavily taxed, the politicians continue to run up massive budget deficits, and no issue, no problem ever gets resolved despite the government spending trillions of dollars on what?  We do not have an under taxation problem in this country, we have a political overspending problem in this country.


3)No by the numbers blog post is complete without reporting on the carnage of death that continues in the city of Chicago:


  • According to CBS news, at least 62 Chicago residents were shot during a mid-September weekend. 

  • Nine of those 62 who were shot died from their wounds.

  • At least 6 of those 62 were under the age of 18.

  • As of October 10, 2022, the Chicago Sun Times reports that a whopping 527 Chicago residents have been murdered in the city, over 50 a month on average.


This has been going on for years and yet no one in the Chicago, Cook County, or Illinois political class has a clue on how to stop the violence or who cares to stop the violence.


4)A lot of Americans are relying on their IRA and 401k plans to have a healthy retirement. And a lot of their investments are in the stock market. And the underlying numbers supporting that approach is not looking good in the second year of the Biden presidency:


  • So far this year, falling stock prices have reduced the wealth of all American households by $9,000,000,000,000, nine TRILLION dollars.

  • And while $9 TRILLION is a big number, the scarier number is that this $9 TRILLION represents a whopping 25% or so of the entire stock market value, dropping from $42 TRILLION to $33 TRILLION.

  • With the stock market still  floundering, the total loss of wealth for the year could be over $10 TRILLION.

  • Granted, a lot of this loss was incurred by billionaires like Facebook’s Mark Zuckerberg, who has lost billions of dollars in wealth this year, but many ordinary Americans are looking at their retirement accounts and getting worried.

  • CNBC  has reported that this might be the biggest loss in wealth in the stock market ever.


Massive failure by Biden, the Washington political class, and the Federal reserve when it comes to economic policy and management. It is endangering the quality of lives of millions of Americans.  The numbers are approaching catastrophic.


Enough numbers for today: Americans getting poorer by the day, Chicago getting deadlier by the week, and the country getting closer and closer to a massive government default every year. Have a great day!


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:


Please visit the following sites for freedom:

Sunday, October 9, 2022

More Political Class Insanity: Chicago Remains A Dumpster Fire, Hunter Biden May Get Arrested, The Chinese Have Some Of Our Voter Data and More

 I think most folks realize that the American political class is pretty inept at anything it does and what it oversees the Federal government do. They spend a lot of taxpayer  money,  they never come up with a solution to a problem, they tend to get very rich off of their political status and elected office, and they generally are not the highest caliber of people from an integrity, morality, and honesty perspective:

1)Maurice Imhoff apparently is a 20 year old who is running for election to represent the 46th House District in the Michigan legislature. Pretty impressive that such a young person is running for office and until recently, had the endorsements of seasoned state Democratic politicians.


I say recently since that support has suddenly vanished and possibly for good reason:


  • Another Michigan resident, Mya Connell, recently went on social media and accused Imhoff of threatening to shoot up Northwest Middle School in 2016.

  • At that time, Ms. Connell and Imhoff were both students at that school.

  • There must be some credibility to the story since House Minority leader, Donna Lasinski, issued a statement claiming that the allegations of violence were disturbing and need to be taken seriously.

  • At the same time, she withdrew her support for Imhoff’s candidacy.

  • Imhoff and his campaign did not immediately react to the allegations.

  • Area news sources claim that they have confirmed the allegations via police reports they examined.


Fortunately, he did not shoot up the school. Fortunately, someone came forward to point his history since I would assume that most people would not want to elect someone who threatened to shoot up a middle school. And why this is all very distressing, it makes you wonder what background checks, if any, the local Democratic Party did before supporting Imhoff’s candidacy. Insane that this history was not found out BEFORE he became a representative of their party.


2)We did a large number of posts two years ago, proving, at least to ourselves, that Joe Biden did not win the 2020 Presidential election and thus, he was not elected to office, he was installed into the Presidency because of a very corrupt election process. A sample of that analysis can be found at:


https://loathemygovernment.blogspot.com/2020/11/election-2020-part-1-first-invalid.html


Those of us who pointed out the varied and many ways that the election was corrupted were ridiculed and belittled by those people that had an intense hatred of Trump and were willing to overlook the corruption of the election process and the corruption of Joe Biden the politician.


But recent news does show a little vindication to those of us that have data, video, and statistics on our side to prove that the 2020 election was stolen and was corrupt:


  • An election software company’s CEO, Eugene Yu of Lansing, Michigan, was recently arrested in Los Angeles.

  • He is accused of illegally/improperly storing two million election workers’ personal information on computer servers based in Communist China.

  • He is the CEO of a company called Konnech

  • The Post Millennial outlet reported that: “‘Prosecutors learned of the data breach this year through a ‘separate investigation’ undertaken by the District attorney’s office, according to Gascón. He would not disclose the other investigation or exactly when his office became aware of the breach,’ the LA Times reported.”

  • The company denied that any wrongdoing had occurred.


Now maybe nothing shady happened, maybe the Chinese did not access the data stowed inside their country. But obviously someone in the DA’s office in LA  thinks someone broke the law and Yu is the person who they arrested. Anyhow, another blotch on the assertion that nothing shady was done relative to the 2020 election.


3)And it appears that Mr. Yu is not the only person under investigation and close to being arrested:


  • According to reporting by the Daily Wire, Federal prosecutors allegedly have enough information to charge Biden’s son, Hunter Biden, with an array of crimes and criminal behavior.

  • These alleged crimes include tax evasion and lying to investigators about a weapons purchase.

  • And it is not just conservative news outlets making these reports.

  • The left leaning, Democrat loving Washington Post reported that Federal agents had “determined months ago” that a reasonable and solid criminal case could be made against the younger Biden.

  • Now the question is whether the U.S. Attorney for the state of Delaware will go forward and execute a criminal case based on the findings of investigators.

  • Apparently the Feds started investigating Hunter Biden back in 2018 and his alleged shady financial dealings with overseas players.

  • Thai initial investigation effort got larger and larger and involved more and more Federal entities as the focus became whether Hunter had paid all of the taxes he was supposed to pay off of his foreign dealings, whether he lied on an ATF Form 4473 when he tried to purchase a firearm, and possibly foreign lobbying crimes.

  • Biden’s attorney denied the allegations and attacked the Federal agents and agencies that may have leaked the investigation results to the public, trying to deflect away from the actual criminal accusations.


But it is not just the Federal investigators that are interested in Hunter Biden’s activities, since according to the Daily Wire article: “ A group of over 30 GOP senators wrote a letter to U.S. Attorney General Merrick Garland last month pushing for a special counsel to protect the ongoing Department of Justice (DOJ) investigation into Hunter Biden from politicization. The senators cited whistle blower accounts alleging that top officials at the FBI quashed concerning reports about the Biden scion" prior to being seen prior to the 2020 election.


From Russia to Ukraine to China, Hunter Biden flew around the world and used his family name to make himself very rich. Whether he paid taxes on those riches or broke other laws remains to be seen but it is going to get very interesting if the Republicans take back the House in next month’s elections and the resultant investigations they are bound to open up. That would be a movie I would pay to see. Oh wait, that move was already made:


https://www.youtube.com/watch?v=q0qTlBst_8c


4)Far too many times we have  talked about the disaster that is the city of Chicago. For years, thousands of residents have been shot, killed and maimed by skyrocketing gang violence in the streets. Higher and higher taxes paying for fewer and fewer government services has led city, and state of Illinois residents and businesses, to flee to other safer, less heavily taxed and better quality of life locations around the country.


And it is not just small, mom and pop businesses who are fleeing the city. Major companies like Boeing, Caterpillar, and Citadel Management have moved their business locations out of the city, not wanting to subject their employees to the escalating street violence they were facing just coming to work everyday. And the out migration recently included another major Chicago employer:


  • Food giant, Tyson Foods, recently announced that it would be moving its corporate staff out of the offices it has in the city of Chicago.

  • Those jobs will be relocated to Springdale, Arkansas.

  • According to the company: "The move will foster closer collaboration, enhance team member agility and enable faster decision making, positioning Tyson to win with its team members, customers, and consumers." 

  • Nice PR statement but one has to  think that the declining quality of life in the city along with the rising crime had something to do with moving out of the city.

  • Citadel Management founder, Ken Griffin  moved his operations out of Chciago to Miami where the murder rate is half what it is in Chicago and the tax burden is far less.

  • Mr. Griffin came right and said the obvious regarding his company move in that the crime rate in Chicago had motivated the company move out of the city.


Chicago has now probably entered into a financial death spiral that will eventually crush the city’s financial viability and force it into bankruptcy. As crime and taxes continually rise, more and  more tax paying businesses and residents move out. As more businesses and residents move out, less tax revenue flows into the city coffers which requires budget cuts and a lower quality of life (fewer police officers, fewer firefighters, fewer teachers) which drives more businesses and residents out of the city. This reduces taxes even more and the death spiral is in play.


And the current mayor, Lori Lightfoot, and her henchmen in the city government have  no clue how to fix what continues to be broken.


That will do it for today’s wide ranging political class insanity: a political  candidate once threatened to shoot up his middle school, a Presidential son may get indicted for major crimes, more potential  corruption regarding our voting processes, and Chicago continues to be a dumpster fire.


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:


Please visit the following sites for freedom: