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7 Reasons High Inflation Isn’t Likely To Go Away Any Time Soon


BY: JOY PULLMANN | JANUARY 11, 2023

Read more at https://thefederalist.com/2023/01/11/7-reasons-high-inflation-isnt-likely-to-go-away-any-time-soon/

high-priced ham
The people who have created American misery are the same people in charge of solving it. That’s going to go well.

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Arecession is coming in 2023, concluded more than two-thirds of the economists at big financial institutions recently surveyed by The Wall Street Journal. Inflation is also likely to remain high. Measuring year-over-year inflation by the U.S. government’s 1980s methodology put it at 15.23 percent in November 2022 instead of the government’s claimed 7.11 percent, according to economist John Williams.

Many commentators, including me, were wrong when we previously claimed our grandkids will be paying off America’s massively unaffordable welfare state. We are all paying for it right now and are likely to be for much of our lives in inflation and other economic devastation.

Nobel Prize-winning economist Milton Friedman’s maxim that “inflation is always and everywhere a monetary phenomenon” — meaning, inflation is always caused by government overspending — predicts continued inflation for at least the next five years, if not longer.

That’s because government entities are continuing to engage in seriously inflationary actions. They’re doing this partly because of ideology, partly to buy votes, and partly because they prefer eating away Americans’ savings to paying off the unprecedented government debt that politicians have accumulated in the last 70 years enriching their friends and buying off voters.

Inflation Means Politicians Stealing from You

A 2021 Politico profile of a former U.S. Federal Reserve member noted, “Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries’ worth of growth in the money supply was crammed into a few short years.”

That dissenting former Federal Reserve committee member, Thomas Hoenig, “was worried primarily that the Fed was taking a risky path that would deepen income inequality, stoke dangerous asset bubbles and enrich the biggest banks over everyone else,” the profile says. “He also warned that it would suck the Fed into a money-printing quagmire that the central bank would not be able to escape without destabilizing the entire financial system.”

Essentially, the Federal Reserve has been helping Congress manufacture money to buy up the public debt they contracted by promising Americans more stuff than we can pay for. That’s been ongoing since the 1960s Great Society, which basically paid Americans with unaffordable entitlements to shut up about the steady loss of their constitutional freedoms, according to scholar Christopher Caldwell.

The Borrowing Will Go On Until It Can’t

In 2021, 41 percent of federal spending depended on borrowing. In 2022, 22 percent did. This means raising the cost of debt by hiking interest rates, as the Fed is now doing, could provoke a crisis because it would make Congress’s unsustainable behavior even more painful.

As a Manhattan Institute analysis by economist Brian Riedl notes, “rising interest rates risk pushing government interest costs, annual budget deficits, and total government debt to unsustainable levels … once the debt surges, even modest interest-rate movements can impose stratospheric costs.”

This would call years of government bluffing about the state of federal finances and institutions. It would require Congress not only to stop spending but to cut programs, which means angering voters. It would usher in the unavoidable and painful new era of managing America’s decline.

“Once a debt-and-interest-rate spiral begins, it is nearly impossible to escape without drastic inflation or fiscal consolidation,” Riedl notes.

However this ends, it is likely to include a lot of economic pain, one way or another. Here are just a few of the many indicators that inflationary times are not going away fast.

1. ‘Covid’ Overspending Continues Until at Least 2024

The funds for the sixth waste-packed “Covid relief bill” will be distributed to big-government donors, states, and local governments through the end of presidential election year 2024. Yes, the American Rescue Plan Act from Covid-tide sends states and local governments $350 billion that is still being rolled out — by design.

That law’s total spending comprises more than 100 times states’ 2020 budget shortfalls, and many state and local governments can hardly figure out what to do with all the money. As they take years to spend it, that money will keep juicing inflationary pressure. A similar effect is occurring with all the so-called Covid relief bills, which together sent $6 trillion spinning through the economy, devaluing our currency. Much of this wild inflationary deficit spending has been electronically printed through the Federal Reserve.

Together, 2020s federal spending allegedly in response to Covid was more than double the inflation-adjusted federal response to the 1930s Great Depression. We’re already seeing the inflationary effects of all this so-called Covid spending, and it’s not over yet.

2. Democrats and Republicans Recently Went on Even More Inflationary Spending Binges

In conjunction with Democrats’ mega-spending “infrastructure” and “green energy” bills soon after Covid that also helped them win Congress and the presidency in 2020, all this extra spending is projected to increase the federal debt by an unprecedented $6.5 trillion, costing more than the 20 years of U.S. occupation of Iraq and Afghanistan, according to Riedl.

“In other words, the U.S. government is in the early stages of what is projected to be the largest government debt binge in world history,” Riedl notes.

That doesn’t even include the massive federal spending expansions to support a large army of grifters profiting off the human suffering of the Russia-Ukraine war in 2022. Congress spent more on the first four months of Ukraine’s war than it did on the first five years of its undeclared war in Afghanistan.

Atop all this, more deficit spending is likely to come. In August 2022, Democrats confirmed yet again that historic levels of inflation that year were no impediment to their big-spending aims when Biden announced that he’d force taxpayers to assume up to nearly $1 trillion in student loans taken on by largely higher-income professionals. That spending is tied up in court and could be allowed at any time.

This all means that the source of inflation — government overspending — is at an unprecedented rate and pace, and even with the House Freedom Caucus’ negotiated limits on congressional spending activity, trillions in new spending is already locked in.

3. Build Back Bankrupt Shoveled Yet More Out the Door for Years to Come

In 2022, the Biden administration managed to get its top-priority grab-bag of increased government spending signed into law. By spending more money the government does not have and imposing more taxes, the ridiculously named Inflation Reduction Act is likely to increase inflation, said a Tax Foundation analysis.

“By increasing spending, the bill worsens inflation, especially in the first four years, as revenue raisers take time to ramp up and the deficit increases,” the foundation’s analysis says. “We find that budget deficits would increase from 2023 to 2026, potentially worsening inflation.”

Continuing to shovel money to cronies while ignoring major structural problems in the U.S. economy and federal budget process has become a hallmark of Congress in the 2000s. This has to end at some point, but until that point comes reasonable people can only expect such legislation to continue to pass, and to continue to worsen inflationary pressures.

Given how reckless both parties have been for decades on fiscal matters, it is likely this norm of spending money Congress can’t actually appropriate will continue until a major disaster ends their ability to fake.

4. Federal Officials Are Destroying the People’s Trust

Inflation happens “When money is no longer a trustworthy measure of value,” note Steve Forbes, Nathan Lewis, and Elizabeth Ames in their 2022 book, “Inflation.” Inflation is at least partly about a crisis of confidence in government — a warranted one, usually, because major inflation occurs as a result of politician malfeasance. Unfortunately, U.S. government officials are doing nothing to restore the people’s lost confidence in them — in fact, just the opposite.

In 2022, federal officials spent months denying inflation was happening. They also denied the United States was in a recession, insisting the traditional definition of two economic quarters in contraction was false when it was applied under Democrat rule. They’ve switched how they measure inflation to hide a large part of it.

U.S. leaders also refuse to stabilize our currency, instead taking actions that further erode Americans’ ability to put food on the table and get ahead through legitimately productive honest labor (as opposed to bullsh-t jobs). This does the opposite of what is needed: restore confidence in our markets by announcing strong steps to strengthen the U.S. dollar. They are also engaging in other activities that only erode confidence in the U.S. financial system, such as monetizing the federal debt and refusing to stop massive deficit spending.

Because politicians have created this situation and keep refusing to actually address it, Americans increasingly don’t trust their government or our debt-driven financial system. Polling shows public trust repeatedly hitting new record lows for every social and political institution. That’s an economic problem as well as a political and cultural problem, because a lack of confidence in markets can trigger economic growth, recession, and panics.

Usually, such crises build under the surface for a long time and then burst out into the open all of a sudden. As Hoover Institution economist John Cochrane said during a panel discussion, “Debt crises are like the Spanish Inquisition; no one expects them to come. If you knew they were coming, they would have already happened.”

5. The U.S. Federal Government Is Effectively Bankrupt and Inflation Helps It Hide That

The on-books U.S. national debt of $31.5 trillion is just the tip of the iceberg. Our entitlement systems are about to start going bankrupt, adding trillions in additional financial burdens on taxpayers. Riedl notes, “The U.S. government is projected to run a staggering $112 trillion in budget deficits over the next three decades, driven mostly by Social Security and Medicare commitments that are already set in law.” 

If one adds unfunded and other liabilities that government officials keep off the books such as Federal Reserve debt, the amount the U.S. national government owes is more than $200 trillion. That doesn’t include what state and local governments owe, and many of them are also bankrupt or getting there.

“No matter what interest rate you use, the U.S. needs to immediately and permanently raise every federal tax by at least one third to pay, through time, for what our government plans to spend,” Boston University economist Laurence Kotlikoff wrote with fellow economist John Goodman in 2021. “The alternative? Massive spending cuts. And, no, the Federal Reserve can’t make this problem go away by printing the money needed by the Treasury. This would end where it always does — in hyperinflation.”

U.S. debt, deficits, and unfunded liabilities — which together form a total picture of U.S. national economic entrapment — are the largest ever measured in world history. Besides Japan, which isn’t spending the majority of its debt on entitlements like the United States is, “Greece and Italy are the only other OECD countries with a total government debt exceeding that of the United States,” Riedl notes. Greece and Italy have had major sovereign debt crises that have destroyed their standards of living and brought their economies into long-term decline.

“When you look at these numbers, you realize we’re Argentina in 1910,” Kotlikoff told CNBC in 2018, before the alarmist Covid response and Biden presidency made things much worse. All it will take for these scary structural problems to become visible and impossible to ignore is a financial panic or another major event like a war. Oh, look, Congress is also pushing us ever-toward open war with Russia instead of toward peace. Brilliant.

6. Child Scarcity Will Drive Higher Prices

In March 2022, The Wall Street Journal reported the opinion of retired British central banker Charles Goodhart that global structural factors will drive higher inflation for years to come. Goodhart helped Prime Minister Margaret Thatcher break inflation in the 1980s. He told the Journal that the rising global crisis of child scarcity will also push inflation up for decades.

As labor becomes more scarce, he maintained, workers will push for higher wages, in turn driving up prices. At the same time, businesses will manufacture and invest more locally to help offset both labor shortages and the nationalist and geopolitical pressures curbing globalized supply chains. That will increase production costs and local workers’ bargaining power. Global savings will fall as older people consume more than they produce, spending particularly on healthcare. All that will push up interest rates, he predicted.

A meeting of global central bankers in Jackson Hole, Wyoming, in August 2022 for the first time since 2019 found the bankers publicly reflecting a similar assessment, the Journal reported. “I don’t think that we are going to go back to that environment of low inflation,” European Central Bank President Christine Lagarde said on a panel.

7. The People Who Did All This Are Still in Charge

This reality applies to nearly every major political problem: The same people who have created these messes are the same people who largely retain the power to respond to them. The same people writing massive spending bills that divert our economy away from productive labor and into rent-seekers’ pockets are still largely in charge of government spending.

There might have been a slight shift of power in the House, but there hasn’t in the Senate, nor in the presidency. The same guy who claims the power to “pen and phone” a trillion dollars in student loan bailouts is in office, and all his K Street and Wall Street buddies still have gleefully effective access. You can be sure this cabal of crooks isn’t going to be looking out for your best interests now that we’re about to have a potentially dangerous recession.

That may be the most significant systemic reason to expect our markets to be heading for an even rougher ride in 2023 than we’ve had from 2020 to 2022.


Joy Pullmann is executive editor of The Federalist, a happy wife, and the mother of six children. Her just-published ebook is “101 Strategies For Living Well Amid Inflation.” Her bestselling ebook is “Classic Books for Young Children.” Mrs. Pullmann identifies as native American and gender natural. Her many books include “The Education Invasion: How Common Core Fights Parents for Control of American Kids,” from Encounter Books. Joy is also a grateful graduate of the Hillsdale College honors and journalism programs.

Treasury Department Invokes ‘Extraordinary Measures’ To Avoid Busting US Debt Ceiling


Reported by VARUN HUKERI, GENERAL ASSIGNMENT & ANALYSIS REPORTER | August 02, 2021

Read more at https://dailycaller.com/2021/08/02/treasury-department-janet-yellen-debt-ceiling-congress/

Senate Appropriations Considers Treasury Department's Budget Request
(Shawn Thew-Pool/Getty Images)

The Treasury Department will conduct emergency cash-conservation measures starting Monday to avoid busting the U.S. debt ceiling after a two-year deal to suspend the federal borrowing limit lapsed at midnight Sunday.

Treasury Secretary Janet Yellen warned House Speaker Nancy Pelosi in a letter July 23 that the Treasury would invoke the “extraordinary measures” if Congress didn’t raise the debt ceiling. Yellen noted that trillions in federal spending and COVID-19 response laws made it difficult to estimate how long the Treasury would sustain its measures.

“The period of time that extraordinary measures may last is subject to considerable uncertainty due to a variety of factors, including the challenges of forecasting the payments and receipts of the U.S. government months into the future, exacerbated by the heightened uncertainty in payments and receipts related to the economic impact of the pandemic,” she wrote.

The debt ceiling prevents the Treasury from issuing new bonds once a certain limit is reached. Congress had suspended the debt limit for two years as part of a budget deal in August 2019, when the ceiling reached $22 trillion, according to Bloomberg. A new debt ceiling would include additional borrowing since, reaching $28.5 trillion according to the Congressional Budget Office. 

US President Joe Biden sits alongside US Treasury Secretary Janet Yellen (R) as he holds a meeting with business leaders about a Covid relief bill in the Oval Office of the White House in Washington, DC, February 9, 2021. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

President Joe Biden sits alongside Treasury Secretary Janet Yellen as he holds a meeting in the Oval Office of the White House February 9, 2021. (Saul Loeb/AFP via Getty Images)

Yellen’s cash-conservation measures would allow the Treasury to redeem certain investments in federal pension programs and halt new investments in order to generate revenue, CNBC reported. But payments on entitlement programs and interest on federal debt, among other things, would stop unless the federal government floats new Treasury bonds.

Economists said the measures allow the Treasury to pay off federal government obligations without accruing new debt for two to three months, CNBC reported. But Congress must raise or suspend the debt ceiling or risk the U.S. defaulting on its debt.

The federal government has never defaulted, as such a move would have far-reaching consequences for the economy. Although economists said they’re optimistic Congress will reach a deal on the debt ceiling, the prospect appears less certain in Washington.

A bipartisan group of lawmakers in the Senate are seeking to pass a trillion-dollar infrastructure bill while Democrats are considering a separate $3.5 trillion reconciliation bill later this year.

An aide to House Democratic leadership told CNBC that discussions about the ceiling are ongoing and congressional leaders do not want to risk the “full faith and credit” of the U.S. government.

President Joe Biden’s administration, on the other hand, may not get involved in discussions about the debt ceiling. A White House official told CNBC that “it is Congress’s responsibility to raise or suspend the debt limit in order to pay for the spending it has already authorized over the years.”

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – Santa’s Little Helper

A.F. BRANCO on April 30, 2021 | https://comicallyincorrect.com/a-f-branco-cartoon-santas-little-helper/

Biden’s American Families Plan is more like a drunken sailor’s spending spree.

American Families Plan

Political cartoon by A.F. Branco ©2021.

Donations/Tips accepted and appreciated – $1.00 –  $5.00 –  $25.00 – $50.00 – $100 –  it all helps to fund this website and keep the cartoons coming. Also Venmo @AFBranco – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC, and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, Rush Limbaugh, and shared by President Donald Trump.

More Politically INCORRECT Cartoons February 12 2018


Why the National Debt Still Looms as a Major Threat to U.S. Prosperity. With a tab over $20 trillion, American taxpayers owe more than all of the world’s bank notes combined


Reported by Brendan Kirby | Updated 15 Jan 2018 at 2:32 PM

URL of the original posting site: https://www.lifezette.com/polizette/why-the-national-debt-still-looms-as-major-threat-to-u-s-prosperity/

Even so, $20.5 trillion is America’s national debt. And it must be understood before it consumes the country’s future.

It is indeed hard to comprehend. Even if you collected $3.3 million every single day from when Jesus was born until today, you still would not have enough money to pay off the accumulated debt of the nation — which has existed only for about 12 percent of that time span.

One famous visualization produced by the website democracy.info shows what $20 trillion would look like in $100 bills. A pallet containing $100 million worth of $100 bills would stand nearly as high as an average-sized man. Stack those pallets into a tower — 10 pallets wide by 10 pallets long — substantially higher than the Statute of Liberty. Now build 19 more of those towers, plus three smaller towers, and you will have $20 trillion.

Even if the logistical challenges of such a feat could be solved, however, it would be literally impossible to stack that much cash for a simple reason: There isn’t enough of it. The $20.5 trillion debt exceeds all of the coins and bank notes in circulation. And not just U.S. money, but all of the currency of every denomination in the world!

According to The Money Project, the value of the world’s coins and paper notes — everything from the greenbacks in U.S. banks to the yuans in Beijing to the loose change in your couch — totals about $7.6 trillion. That is only about a third of the U.S. government’s debt.

Of course, there is a lot more to money than physical cash. The Money Project estimates that “easily accessible money” — currency along with checking accounts — totals $36.8 trillion. Then there are savings accounts, money markets, precious medals, and other instruments. Nonetheless, it paints an illuminating picture of how huge the debt has grown. And it shows why debt hawks believe lawmakers should not lose focus on an issue that has receded from the public consciousness. Annual deficits have declined since the worst years following the 2008 market collapse that triggered the Great Recession.

The Committee for a Responsible Federal Budget (CRFB), which advocates for balanced budgets, warns that the federal budget deficit for the coming year could hit $1 trillion again. That is without factoring in the impact of tax cuts, which could mean increased revenue in the long run but less in the near term. Instead, hurricane disaster relief and a budget expected to blast through spending caps imposed during Barack Obama’s presidency would be the main drivers of the red ink.

Marc Goldwein, CRFB’s senior vice president and senior policy director, noted that the debt now exceeds the gross domestic product by 7 percent. Except during World War II, the national debt has never before been that high.

“We’re basically in unchartered waters,” he told LifeZette. “That’s pretty scary. And it’s particularly scary when you look at what’s causing it. They’re not things that are easily reversible.”

Those causes, Goldwein said, include an aging population that will be less productive and draw more on social insurance programs over the next couple of decades. Health costs also have been rising faster than economic growth.

Treasury Secretary Steven Mnuchin told reporters at the White House last week that he has no projection for how much the debt will grow by the end of President Donald Trump’s first term. But he added that debt remains a concern.

That is one of the reasons the administration pushed through the tax reform plan last year, Mnuchin said. Lower rates and a simpler tax code will boost economic growth, he said.

“Under the last administration, the debt has gone from $10 trillion to $20 trillion and, of course, we’re focused on the debt,” he said. “And that’s why we’re focused on economic growth. This tax plan was about economic growth that will create more revenues for the economy and more tax receipts for the government.”

Goldwein agreed that the economy will grow faster as a result of the tax cuts — but not fast enough to make up for the lost revenue. He said a “one-time sugar high” could kick the economy into high gear in the short term but that the pace could not be sustained over the long haul. What’s more, he added, the true cost likely will be higher than official projections because of provisions that are scheduled to expire though most observers believe Congress will extend them.

Adam Michel, a tax policy analyst at The Heritage Foundation, a traditional conservative Washington, D.C., think tank, agreed that the debt “is something that we should still be concerned about.” But Michel said focusing on tax cuts, as Democrats do, misses the main driver of long-term debt. An analysis by the government’s Joint Committee on Taxation that factors increased economic activity projects that the tax law will increase the debt by $1 trillion over the next decade. But the Congressional Budget Office’s 10-year projection — which does not account for the tax cuts — foresees that debt will grow to $30 trillion without policy changes. That means the tax cuts would be responsible for just 3.2 percent of the total projected debt in 2027.

Michel said he believes economic growth will outperform officials projections as a result of the tax cuts, and that will make the debt easier to tackle. But he said it is impossible without taming the fast-growing entitlement programs.

“This is a spending problem, not a revenue problem,” he said.

PoliZette senior writer Brendan Kirby can be reached at brendan.kirby@lifezette.com. Follow him on Twitter.

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Obama Added $7.917 Trillion to the National Debt, 68 Percent Spike


waving flagAuthored by Jerome Hudson / 27 Dec 2016

URL of the original posting site: http://www.breitbart.com/big-government/2016/12/27/obama-added-7-917-trillion-to-the-national-debt-68-percent-spike/

While there are several ways to determine a president’s contribution to the U.S. debt, the most accurate figure is achieved by combining the budget deficits from each fiscal year and adding the total amount to whatever the debt level was at when the last president left office.

For example, when President George W. Bush took office the national debt level was at $5.8 trillion. Bush added $5.849 trillion to the national debt. So when President Obama was sworn in, the national debt level was at $11.657 trillion.

It’s worth noting that the fiscal budget year in Washington D.C. starts on October 1 and ends on September 30. So Bush’s final budget for fiscal year 2009 added a record-setting $1.632 trillion to the national debt.

A breakdown of Obama’s budgets for each fiscal year and the amount they added to the debt comes from an analysis produced by thebalance.com:

FY 2016 – $1.423 trillion.

FY 2015 – $327 billion.

FY 2014 – $1.086 trillion.

FY 2013 – $672 billion.

FY 2012 – $1.276 trillion.

FY 2011 – $1.229 trillion.

FY 2010 – $1.652 trillion.

FY 2009 – $253 billion. (Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to President Obama’s contribution to the debt.)

While he was running for president, Obama criticized President Bush’s deficit spending, calling it “irresponsible” and “unpatriotic.” Obama said at a presidential campaign event on July 3, 2008:

The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents — 43 added $4 trillion by his lonesome. So we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.Leftist Propagandist

Obama, with what will be nearly $8 trillion tacked on to the national debt, has added by far more to the U.S. debt than any president in history.

 partyof-deceit-spin-and-lies

From My Email INBOX


waving flagWhy we are in debt as a nation

Die Cloward Pevin with explanation Tytler cycle cdr modified 071712 Broke true battle Picture1 In God We Trust welfreedom combo 2

 

 

Cartoon: Land of the Free?


waving flagDrawn and Posted by Glenn Foden / / February 05, 2016

PastedGraphic-2

Heritage Foundation expert Anthony Kim wrote earlier this week Brokeabout the 2016 Index of Economic Freedom.

Millions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on a declining path over the past decade.

According to the 2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress.

The U.S. has fallen from the 6th freest economy in the world, when President Barack Obama took office, to 11th place in 2016. America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.Tytler cycle cdr modified 071712

Since early 2009:

  • Government spending has exploded, amounting to $29,867 per household in 2015.Beat up
  • The national debt has risen to $125,000 for every tax-filing household in America—a total over $18 trillion.
  • The government takeover of health care is raising prices and disrupting markets.
  • Bailouts and new government regulations have increased uncertainty, stifling investment and job creation.

This is not something to take lightly. Economic freedom is the foundation of U.S. economic strength, and economic strength is the foundation of America’s high living standards, military power, and status as a world leader. The perils of losing economic freedom are not fictional.

It is painfully clear that our economy has been performing far below its potential, with individuals, families, and entrepreneurs being squeezed by the proliferation of big-government bureaucracy and regulations.

As documented by the index, and by other scholars, resusucationAmerica’s economic freedom has been declining at an alarming pace. Indeed, as The Wall Street Journal recently summed it up succinctly, Obama is “a champion when it comes to limiting economic freedom, and American workers have the slow growth in jobs and wages to prove it.”

Not surprisingly, our economic dynamism and innovative capacity have been measurably reduced. Self-inflicted wounds include:

No wonder the labor force participation rate has remained at near record lows after more than five years of steady decline.

Worse, vibrant entrepreneurial growth has been stymied by greater policy uncertainty and mounting debt. And a disturbing trend toward cronyism has gravely eroded the rule of law and distorted our free-market system.

House Ways and Means Committee Chairman Kevin Brady, R-Texas, keynote speaker of the official release of the 2016 Index, recently stated:

“It’s been almost seven years since the Obama “recovery” began, and our economy is barely out of neutral. Why does America have to settle for this?”Why

Restoring economic freedom is prerequisite to revitalizing and brightening America’s future. 2016 is the year to reaffirm the principles of limited government, free enterprise, and rule of law so that we can reconstitute an America where freedom, opportunity, and prosperity flourish. The time to act is now.

Indenification of Obama destruction unfit Picture1 In God We Trust freedom combo 2

From My Email Inbox


waving flagTHE NEW AMERICAN WAY OF LIFE?!?!?!?!

 For a guy and his girlfriend with two kids all you have to do is follow these proven steps:     

  1. Don’t marry her!   

  2. Always use your mom’s address to get your mail. 

  3. The guy buys a house.  

  4. The guy rents out house to his girlfriend with his 2 kids.   

  5. Section 8 will pay $900 a month for a 3 bedroom home.   

  6. Girlfriend signs up for Obamacare so guy doesn’t have to pay for family insurance.  

  7. Girlfriend gets to go to college for free being a single mother 

  8. Girlfriend gets $600 a month for food stamps.   

  9. Girlfriend gets a free cell phone. 

  10. Girlfriend get free utilities. 

  11. Guy moves into home, but continues to use moms address for his mail. 

  12. Girlfriend claims one kid and guy claims the other kid on their tax forms. Now both get to claim head of household at $1800 credit. 

  13. Girlfriend gets $1,800 a month disability for being “crazy” or having a “bad back” and never has to work again.  This plan is perfectly legal and is being executed now by millions of people.   A married couple with a stay at home mom yields $0 dollars.   An unmarried couple with stay at home mom nets $21,600 disability + $10,800 free housing + $6,000 free obamacare + $6,000 free food + $4,800 free utilities + $6,000 pell grant money to spend + $12,000 a year in college tuition free from pell grant + $8,800 tax benefit for being a single mother = $75,000 a year in benefits! 

Any idea why the country is $18 trillion plus in debt and half the population is sitting on their butts letting the other half pay their way???

In God We Trust freedom combo 2

Is there a Plan to use Land out West to Pay our Debt to China?


http://freedomoutpost.com/2014/05/plan-use-land-west-pay-debt-china/#CM72rXTAWpKBuDDj.99

Reported By May 22, 2014

Regardless of which side of the political aisle that you choose to sit on, there are many things that cross-over political lines and live in the realm of truth.  Sure there is some truth in politics, but that’s not my point.  Much of what I am going to be illustrating is known, and even reported, by the mainstream media.  However, too many people are asleep at the wheel; and, Government has done a good job of convincing the masses that we need them to manage our life for any real resistance to coagulate; for now anyway.  However, if one takes the time to stop reading headlines and examine the “bigger picture,” a case could be made that our Government plans to use our western land as collateral for the enormous debt that we continue to accumulate on a second-by-second basis.

 debt to china Now this is going to confuse some of you, but when I say “our Government” I mean the crowd in Washington DC who have been bribed, coerced, or otherwise compromised, by the foreign banks and corporations who really run things in the United States.  And, if you think Obama is the “most powerful man in the free world,” you need to hit the books a bit more.  But, I digress.

On the topic of the truths that I spoke of earlier, there are a few which are undeniable.  First, and foremost, is the fact that very little of what the government manages is done so in a judicious or fiscally responsible manner.  Take a look at the chart below.

 debt to china
A second undeniable truth is that we are deeply steeped in un-manageable, and un-payable debt.  As indicated by the link to the Debt Clock above, the United States has over 17 trillion in debt and over 120 trillion in unfunded liabilities.  I doesn’t take someone with a math degree to figure out that it is impossible to repay all of this debt, or fund the liabilities that have been promised to many.  However, the criminals just keep printing; all the while driving us deeper and deeper into servitude.  Are they seemingly unaffected by this because they have a plan to wrap all of this debt up in a land deal with our debtors? I say that there is a good possibility of this happening, and one can even see the “writing on the wall” if the evidence is examined critically.

As the debt piles up, government continues to grow and spend at a furious pace.  One wonders how those making decisions cannot see that 120 trillion in unfunded liabilities is cause to put the brakes on spending.  But I didn’t go to Columbia, so perhaps I am not qualified to make that call.  Nonetheless, our posterity is destined to become familiar with one term, perhaps intimately, and that’s DEBT.  But, do those in power have a bigger plan to use western lands as a way to satisfy our debt obligation?  Please indulge me while I explore that avenue.

 debt to china
In the chart above, you get an idea of the enormous amount of resources that are contained within the boundaries of the western states.  Unfortunately, much of the land, and subsequently the resources, are currently under Federal Control.  And, because of that, states, and its citizens, do not have access to said resources.  Minus the United States population, what you have in the chart above constitutes the real wealth of this nation; and why the Federal Government clings so tightly to its control.

Enter China

One of the biggest creditors to the United States debt is China, which is no secret.  However, a fact that may be less know is how much land China is buying in the United States.  Here is an excerpt from a story published by Michael Snyder, of The End of the American Dream blog.

Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once?  As you will read about in this article, the Chinese are on a real estate buying spree all over America.  In fact, in some cases large chunks of land are actually being given to them.  Yes, you read that correctly.  China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people.  Do we really want a foreign superpower to physically own so much of our territory?

The implications of the above article are chilling.  How much more effectively can an enemy operate once they are inside the opposing camp?  Look how well it has worked for those who have hijacked the US Government.  They pretty much run things from the inside, and do so with impunity.  But, recently, a peek into the overall plan may have been revealed.  Again, Michael Snyder provides an insight into the overall plan in the following article.  Is a giant Chinese land-grab underway?  It sure seems that way.  Why else would our government rack up piles and piles of debt, with seemingly no restraint?  That is a good question, and one that leaves me with only one conclusion.  These guys are going to take the cash up front, and leave all of us holding the debt load with our land as collateral.  The solution is getting the land back from the Feds, and back in control of the states.  Ken Ivory and Jennifer Fielder are doing the heavy lifting in this regard, and they need your support.  Please visit the American Lands Council for ways that you can do your part.  Meanwhile, please visit the following link and vote.   I would be interested to hear your opinion on the subject.

Source

“HERE IS ONE MORE STORY TO SUPPORT THE ABOVE. This really concerns me. Selling off America a little at a time, to pay off a debt we didn’t approve of by Socialist that only care about themselves and their private cronies. Awake yet America?” JB

A Chinese Group Plans To Construct A 200 Acre “China City” In Michigan

 

A Chinese group known as “Sino-Michigan Properties LLC” has bought up 200 acres of land near the town of Milan, Michigan.  Their plan is to construct a “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.  Essentially, it would be a little slice of communist China dropped right into the heartland of America.  This “China City” would be located about 40 minutes from both Detroit and Toledo, and it would be marketed to Chinese business people that want to start businesses in the United States.  Unfortunately, this is not just an isolated incident.  In fact, Chinese companies have been buying up land and businesses all over the country in recent years.  There has even been talk of establishing “special economic zones” inside the United States modeled after the Chinese city of Shenzhen.  It was inevitable that the Chinese were going to do something with the trillions of dollars that they have made flooding our shores with cheap products.  Now they are rapidly buying up pieces of America, and many of our politicians are welcoming them with open arms.

The town of Milan, Michigan is a small farming community of only about 6,000 people, but big changes are coming their way.  The following is from a recent Dayton Daily News article about this new project….

A group of mainland Chinese known as Sino-Michigan Properties LLC paid $1.9 million for 200 acres of farmland on Milan city limits in purchases this year and in 2011, according to local officials and property records.

Unfortunately, the goal does not appear to be to integrate this new “city” into the existing community in and around Milan.

Rather, it appears that all of the new housing will be sold to people coming over from China.  According to the Milan News Leader newspaper, the new housing units “would be marketed to Chinese business people who want to start companies in the United States”.

In essence, we would be looking at a new Chinese city right in the middle of Michigan.

Doug Smith, senior vice president for business and community development for the Michigan Economic Development Corp., recently said the following about what the Chinese group plans to do….

“It’s a group that wants to build a China city, starting with housing over there in Milan”

Milan is not far from the University of Michigan in Ann Arbor, which is a very popular destination for Chinese students.  Apparently that is one reason why Milan was chosen.

This new project would be a Chinese community built by Chinese and specifically designed for Chinese.

But isn’t this supposed to be America?

Fortunately, the project does not have final approval yet.  It still must be approved by the two townships outside of Milan where the land is located.

For some reason, the Chinese seem to be particularly interested in this area of the country.

For example, a different Chinese investment group has been busy buying up chunks of real estate over in nearby Toledo, Ohio.  The following is from an article in the Toledo Blade on May 26th, 2011….

Dashing Pacific Group Ltd., which has already purchased the nearby Docks restaurant complex for $2.15 million, put its $3.8 million offer to buy the southern 69 acres at the Marina District in East Toledo back on the table for approval by Toledo City Council. Additionally, Dashing Pacific Chairman Yuan Xiaohong, in a letter signed in Hangzhou, said the firm wants a two-year option to buy the decommissioned Toledo Edison power plant property on the site.

So should we be alarmed that the Chinese are buying up pieces of America?

Well, if they simply wanted to enjoy living in America and wanted to integrate into the wider community that would be one thing.

But it is another thing altogether to start dropping slices of communist China inside of U.S. territory.

In a previous article entitled “China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho“, I discussed a potential deal that Sinomach (a company controlled by the Chinese government) was exploring with the government of Idaho.  The following is a description of that potential project from an article in the Idaho Statesman….

A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.

There was talk that this “technology zone” would be modeled after the “special economic zones” that have been developed in China.  The city of Shenzhen is perhaps the most famous example of this.

Fortunately that deal appears to have stalled, but other mammoth deals have been moving forward in other parts of the country.

For example, the Chinese have been very busy gobbling up oil and gas fields.  The following is a quote from a local Texas news source about a deal that a company owned by the Chinese government did with Chesapeake Energy down in Texas….

State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves.

With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.

You can read more about that particular deal right here.

So is it really a good idea to be allowing the Chinese to buy up our precious energy resources?

The answer to that question is obvious.

Sadly, the examples noted above are not isolated incidents.  The truth is that the Chinese have been snapping up real estate and business assets all over America as a recent Forbes article explained….

According to a recent report in the New York Times, investors from China are “snapping up luxury apartments” and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said.

So get ready – the Chinese are buying up U.S. land and they are moving in whether you like it or not.

So what will the long-term consequences be of allowing a communist superpower to buy up large sections of America?

That is a very good question.

 

VOTE 02

 

President Obama is Crushing Us in Debt


http://eaglerising.com/4657/president-obama-crushing-us-debt/#txfAozBlAhO1AkqB.99

By / 13 February 2014

The Debt StarSeventeen Trillion Dollars in Debt.

Obama increased our national debt to seventeen trillion dollars. There’s nothing else to say.  There are no rationales nor excuses.   If Keats were not talking about truth being beauty he might have said that our ridiculous debt is all “Ye know on earth, and all ye need to know.”

If I slapped myself in the face for each dollar Obama added to our debt, I would be hitting myself until the Second Coming.

I am an enabler.  I didn’t do enough to stop Obama from giving us his liberal, rhetorical fix. Philip Seymour Hoffman killed himself with a needle.  Obama is turning us into dopes.  His ideology is stupid.  He substitutes opinion for pragmatism.

Obama’s spending is a disastrous poem. It echoes the tragedies of the Romantics.  He has pressed the knife of his naïve ideology against the breast of America and he is about to insert it.  The bloodshed will pour from our seventeen trillion dollar debt.  His empathizing of the importance of income inequality will spill over into jealous, spiteful violence and potential misguided revolution.

DebttrainSeventeen trillion dollars in debt is not a number. It’s a condition of failed administration.  It reminds me of that old country song, “You load sixteen tons, what do you get/ Another day older and deeper in debt.”  Deeper?   Deepest is where the s…t hits the fan. Another rock star fails.

Remember when the Occupy Wall Street crowd threatened the Upper East Side.  Obama supported it.  We are a few blocks from harm.

He supported Trayvon Martin.

He supported Professor Gates.

He supported the Moslem Brotherhood.

He negotiated with Iran.  He used John Kerry, a traitor against America during Vietnam, as his mouthpiece.  Not that anyone could compete with his mouth.

What does seventeen trillion dollars mean?  The incomprehensible has no meaning.

Obama smiles.  Is he being warm or spiteful?

Obama likes to pretend that he is one of the people while he jets around in private planes, helicopters and limousines.  He doesn’t know who he is.  He is half-black, half-white, half-rich, half-poor.  Yet he identifies only with his poor black side. Never true to himself; he is false to the world.

Instead of Obama healing the wounds between blue and red states, white and black pigmentation, he puts salt on them.  He feels no gratitude for his being a minority and his becoming President. He is not surprised.  He is Obama.  He is beyond definition, tradition and limitations.

But let us discuss that we are seventeen trillion dollars in debt.  There’s nothing to discuss.  It is beyond comprehension.  Our deficit is speechless before its own tragic waste.

What does it mean?

Nothing.  That we are seventeen trillion times the fool.  That those who elected Obama to two imperial reigns are the Democrat asses who rode Don Quixote to do battle with windmills.

And Obama thinks that he will get energy from solar and wind power.  Is he Sancho Panza?  Is he Al Gore pontificating while making deals with Al-Jazeera?

Seventeen trillion dollars.

Say that again. No need.  It will repeat itself throughout our future bankrupt years.  Its negativity will become a self-accusation.

It will be branded on the foreheads of progressives who can’t see past their own noses to the future.

Cyrano de Bergerac hid his nose.  The Washington Post has already given Obama four Pinocchio’s for the Affordable HealthCare Program.   I wish the Democrats’ would pick on Obama’s lying noses instead of the straw man Republicans.

Seventeen trillion dollars in debt.  Wow.  That’s one impressive failure.  As De Niro said in Cape Fear, “Be afraid.  Be very afraid.”

About the author: David Lawrence

<img alt=” src=’http://0.gravatar.com/avatar/2ee7c26bbf824e0d618a0c2265e4e71d?s=80&d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D80&r=G’ class=’avatar avatar-80 photo’ height=’80’ width=’80’ />

David Lawrence has a Ph.D. in literature.  He has published over 200 blogs, 600 poems, a memoir “The King of White-Collar Boxing,” several books of poems, including “Lane Changes.” Both can be purchased on Amazon.com.  He was a professional boxer and a CEO.  Last year he was listed in New York Magazine as the 41st reason to love New York.

Website: http://www.amazon.com/David-Lawrence/e/B001JOYJYO/ref=ntt_athr_dp_pel_1

Read more at http://eaglerising.com/4657/president-obama-crushing-us-debt/#txfAozBlAhO1AkqB.99

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