Uncle Sam’s debt is getting “interest”ing

That which cannot go on forever, ceases:

Interest payments will make up 13 percent of the federal budget a decade from now, surpassing spending on Medicaid and defense.  Finding the money to pay investors who hold government debt will crimp other parts of the budget. In a decade, interest on the debt will eat up 13 percent of government spending, up from 6.6 percent in 2017.

Within a decade, more than $900 billion in interest payments will be due annually, easily outpacing spending on myriad other programs. Already the fastest-growing major government expense, the cost of interest is on track to hit $390 billion next year, nearly 50 percent more than in 2017, according to the Congressional Budget Office.

Some members of Congress want to set the stage for even more red ink. Republicans in the House want to make last year’s tax cuts permanent, instead of letting some of them expire at the end of 2025. That would reduce federal revenue by an additional $631 billion over 10 years, according to the Tax Policy Center.

Despite the tax cuts pushed by the Trump administration, the Federal government collected a record amount of tax revenue from October 2017 to August 2018. Washington doesn’t have an income problem. It has a spending problem.  Roughly a third of the Federal Budget in any given year is financed by borrowing money.  A family that ran its household budget that way would soon be bankrupt.  The Federal government has creative ways of masking its increasing insolvency, but it’s there nonetheless.  The spending spree of the past two decades was possible mainly due to low interest rates across the economy.  As the economic outlook in the U.S. turns upward, so will those interest rates.  A single percentage point increase equates to about $160 billion, given the official government debt of just shy of $16 trillion.  (Counting the ongoing raid of Social Security Funds — listed innocuously as “intragovernmental holdings” — the actual debt is over $20 trillion.)

In short, next year the government will spend close to $400 billion just to service the debt.  Not a penny of that amount will improve the infrastructure of our nation, modernize our military or provide services for our citizens.  It will simply go straight into the pockets of those who hold pieces of our country’s debt.

That debt has increased eight times faster than the government’s annual budget.  In 1981 — 37 short years ago, the U.S. debt hit $1 trillion for the first time.  That was an accumulation of more than two centuries.  In less than 40 years, that debt increased 1,600%.  The Federal budget over the same period increased from $1.9 trillion in 2015 dollars* to $3.8 trillion in 2015 — a “mere” doubling in spending.

We’ve been running like the cartoon coyote in thin air after leaving the cliff.  Gravity — in the form of normal historical interest rates — is about to kick in.

It will not be pretty.

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* People are so used to hearing about inflation, and the need to “adjust for it” when comparing years, that few stop to ask what drives it.  The standard explanation is that basic market economics causes it.  Not true — government deficit spending does.  By flooding the market with dollars to enable his spending sprees, Uncle Sam diminishes the value of each individual dollar.  It is, in effect, a “stealth tax” on the spending power of Americans.  The value of a U.S. dollar remained remarkably stable from 1787 to 1913, with a directly convertible exchange rate of $20 to an ounce of gold.  Only after creation of the Federal Reserve, which enables this gorging on debt, did that change.  As of this writing, one ounce of gold is worth about $1200.  That represents an 85% loss of dollar value in just over a century.

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Leftist minds think alike?

The collectivist mindset demands conformity, but this is pushing credulity:

Judge Brett Kavanaugh is going into the Supreme Court confirmation process with a hail of rhetorical arrows zinging by him, including a phony letter-writing campaign aimed at unsuspecting American newspaper editors.

At least 21 papers were duped last week, including big-market brands like the Dallas Morning News and The Washington Times. They ran identical letters over a four-day period, each signed by a different person.

The effort is an example of public-relations ‘astroturfing,’ a technique meant to simulate genuine grassroots support for an idea or cause.

Richard Lodge, editor of The Eagle-Tribune in North Andover, Massachusetts, said Friday after hearing from DailyMail.com that he called the apparent ‘signer’ of the letter his paper ran, and ‘[s]he said she didn’t send it.’

The woman recalled receiving a phone call from an anti-Kavanaugh activist asking her to sign an online petition against him days before the letter was sent in her name.

Astroturfing is a sign a position doesn’t have the support its proponents want you to think it has.  The hard Left uses the media like the Wizard of Oz used his stagecraft to make himself appear far more formidable than he was.  The mask, however, is slipping.

Notice this is being covered by a foreign newspaper, not one here in the U.S.

But remember, “fake news” is just a Trump talking point, right?

A turning of the tide?

Leftists are in full meltdown over the announcement Justice Anthony Kennedy will step down from the Supreme Court July 31. This action provides President Trump an opportunity to nominate yet another Constitutionalist like Neil Gorsuch to the court. Should Trump serve two full terms, it is likely he will nominate the replacement for Ruth Bader Ginsburg as well.

The enemies of our Constitutional system are in abject terror over the possibility, now increased, the Court will undo decades of judicial activism. Unable to enact their agenda through the ballot box, the Left sought to impose it instead by abusive judicial fiat. But just as unconstitutional executive orders by Obama could be undone by corrective orders from Trump, the shredding of the Constitution can be reversed by a Supreme Court made up of Justices who respect it.  The impact of these nominations on the next 20 to 30 years cannot be overstated.  It’s vital to elect America First Constitutionalists (sadly, only a subset of the GOP) this fall, and ensure Trump’s reelection in 2020.  Things are going well for patriots lately, but as Glenn Reynolds frequently channels Han Solo, “don’t get cocky, kid.”

On other fronts:

-The Supreme Court, even with Justice Kennedy still on it, has issued a couple of key rulings, freeing pro-life crisis pregnancy centers from being forced to provide information on how to obtain an abortion, and denying unions the ability to force payments from non-members (which usually ends up in liberal political campaigns).

– The reputation of the FBI is hardly helped when Peter Strzok answers a Congressional subpoena to testify in a classified forum, but reportedly refuses to answer the most germane questions by claiming “it’s classified” or declining to answer “on advice of counsel.”  What are the FBI’s lawyers encouraging him to continue hiding?

– A former Hillary 2016 Campaign officer has been indicted for soliciting sexual access to children as young as two years old.  And from the “you can’t make this up” files, he was also chairman of the International Campaign to Stop Rape and Gender Violence in Conflict charity.  As they say, fishermen go where the fish are.

– Without Obama propping them up with pallets of cash, the Iranian regime is suddenly experiencing a popular backlash again.  The previous administration’s failure to support Iranian dissidents was inexcusable.  Worth noting: “Q” indicated a week ago Iran was about to get interesting again… another tick of credibility for those keeping score.

– The GOP seems to have a few more members with spines lately, as the latest attempt to pass an amnesty for illegal immigrants has been soundly defeated.  Eternal vigilance is required on this issue, however.

Keep praying hard!  If God can resurrect His Son or an army of dry bones, He can certainly revive our nation!  Let’s seek daily to have our nation bless Him, that He may show favor to us even at this late hour.

Are answers finally forthcoming?

The Department of Justice Inspector General Michael Horowitz will release today his long-anticipated review of the FBI’s investigation of Hillary Clinton’s unauthorized use of personal email and likely mishandling of classified information.  Some observers are concerned the original report, which has been under internal review for some time now, has been modified, watered down and redacted so as to protect some of the partisans thought to be involved.  Which makes this post from Q interesting:

Q on IG report

[RR] refers to Rod Rosenstein, the number 2 at the Department of Justice.  This is not the first time Q has hinted the plan is to allow the Swamp to try another coverup, only to have the President declassify the whole sordid affair.  As someone who used to deal with media relations, I have found Q’s occasional reference to “optics” interesting.  He/she/they seem to indicate much thought has gone into how to reveal the results of what seems an extensive investigation.  Appearances are, indeed, important, and if the Swamp can be completely discredited even as their crimes are brought to light, so much the better.

The post above is one of Q’s less cryptic missives, so it will serve as a good benchmark of the source’s credibility.  This isn’t the first time those who are paying attention to Q have had reason to believe “the trigger’s about to be pulled,” but previous signals have been much more mixed.  There is no doubt about the report’s release today — it’s release has been confirmed by DOJ in recent days.  The question now is “to what effect,” and whether it will withstand withering partisan scrutiny.  So it will be interesting to see just how much is redacted and left to interpretation, and how much is later declassified as a result of the Swamp’s yapping.

So I’ll say what I said a few weeks ago when referencing this source:

The only proper response to Q’s Bible quote is to pray. Pray hard for our nation. Pray for those in authority. Pray for those patriots working to restore good governance. And pray our people have discernment, to tell truth from falsehood.

Remember, any attempt to “Drain the Swamp” is at its heart a spiritual battle.  Evil does not yield ground willingly or easily, and there is much evil at the center of our nation today.

Pray hard, patriots!

A beginning, perhaps

The unexpected election of Trump in 2016 gave voice to many in America who felt their country slipping away, beset by illegal invaders from without and traitors/enablers from within.  Since then, other countries are seeming to find their own voices:

New Italian government vows to create jobs, deport migrants

“The free ride is over,” League leader Matteo Salvini, Italy’s new interior minister, warned migrants at a rally in northern Italy. “It’s time to pack your bags.”

Austria’s government plans to shut down mosques, expel foreign-funded imams

‘Parallel societies, political Islam and radicalization have no place in our country,’ (Chancellor) Kurz told a news conference outlining the government’s decisions…

‘This is just the beginning,’ Vice Chancellor Heinz-Christian Strache added.

And in England, if the crowd in Trafalgar Square and marching through London yesterday is any indication, it seems the jailing of Tommy Robinson for continuing to cover the cancer of Muslim rape gangs across the United Kingdom has been the last straw for thousands.

2018-06-09Tommy Robinson protest

No wonder globalist meddler George Soros is whining that “everything that could go wrong, has gone wrong.” All of these developments have one thing in common: the “leadership” of nations refusing utterly to listen to their people. The countries of the world have been governed for some time by a class of people who have more in common with each other than with the countries they purport to represent. As a result, history and symbols of national pride are squelched or twisted, policies enforced despite popular resentment, and unwanted immigration floods the West. Such a disconnect can only go unexpressed for so long.

It is high time the peoples of Europe and the United States reclaim their authority over their governments. It will take much more than these small gestures for that to truly occur.  But perhaps we see the will still exists to make it happen.

Is this the week?

There are loud whisperings from various quarters that this is the week the Department of Justice’s Inspector General releases his report on various alleged shenanigans within our government during the last election cycle.  If so, it’s been a long time coming, and without much fanfare until recent weeks.  I hope that’s an indication of a professionally run, thorough investigation that produces airtight evidence and leads to justice and accountability — not just for small-fry scapegoats, but also for heavy hitters who knowingly put their thumbs on the scales.

While I’ve not discussed Q much on this site (only mentioning the source recently for the first time), it will be interesting to see where this week goes.  You see, Q (which appears to be a group working together) put down a marker for Wednesday, May 23, as being a good day to watch the news.  Q has hinted quite strongly that recent statements by the administration were preparatory to the report coming out… and that many of the targets of that report are already spinning madly to try to get in front of it.  I did not realize until recently that the draft IG report was circulated not just within the department but also to those it targets.  If so, it would explain a lot of the heated rhetoric over the weekend from people like John Brennan.

Something else about Q’s recent posts drew my interest.  Here are a couple from Thursday, May 17th:

Q recent

As someone who has professional experience in media relations, I can say that driving news cycles is a key part of controlling the national discussion.  If something bad is about to break, industry practice is to time it for a Friday afternoon, so that if anyone bothers pays attention after the weekend it’s dismissed as “old news.”  Another is to time the release so a more prominent event draws off the focus.  Such is the sad commentary on our short-attention-span society.  There were hints the past couple weeks the Trump administration was ready to let some shoes drop.  So what happened the next day after the posts above (Friday the 18th)?

Santa Fe high school

This is not the first time Q has implied some of these events are deliberately designed, either to further an agenda or to suck the media oxygen out of the room and suffocate potentially damaging news about the shadow government (or Deep State as some refer to it).  One of Q’s constant remarks is “this is not a game.”  Sadly, as I’ve already confessed, such an accusation seems increasingly plausible to me.  Here’s were it gets more interesting (note the dates):

Thought wrong

“Follow the pen” refers to a posted photo that seemed to show a signed Executive Order about to drop.  The implication was that Trump was about to order up some answers.  Notably, Deputy Attorney General Rod Rosenstein on Sunday ordered the DOJ to look into the allegations highlighted by Trump.  The “NowC@mesTheP@ain—23!!!” line was an exposure of Q’s password before changing it and the passcode ID that verifies who’s posting.  Q claimed this to be a deliberate move.  It had been some time since Q’s last passcode change, so the implication is Q knew/knows something about May 23rd.  By Wednesday, not only will the initial furor over the school shooting be (sadly) past, so will the hoopla over the weekend’s royal wedding.

In other words, no distractions for dropping shoes.  Finally, Q did something unusual Sunday, worth noting here:

Q Armor of God

Q posts have alluded in the past to a spiritual battle going on, but this is the first direct Bible quote I’ve seen.  Such a post seems to indicate whatever maneuvering has been going on behind the scenes is about to break into the spotlight.  As frustrating as it’s been to see people like Her Hillariness seem to avoid consequences, there’s reason to believe justice has only been delayed, not denied.

The only proper response to Q’s Bible quote is to pray.  Pray hard for our nation.  Pray for those in authority.  Pray for those patriots working to restore good governance.  And pray our people have discernment, to tell truth from falsehood.

With that accomplished, let justice be served.  May this be a week for the history books.

The absolutely useless GOP

It’s clear at this point in history those of us who want a restoration of the characteristics that once made America great — prudence, self-discipline, foresight, statesmanship, to name a few — will have to look somewhere other than the GOP to find them:

Sen. Rand Paul (R-Ky.) was hoping his Republican colleagues would be embarrassed by their vote to jack up federal spending earlier this year and support his plan to phase in a balanced budget. Few were.

Paul got 20 other Republican senators on Thursday — less than half of the Senate GOP caucus — to vote for his “penny plan,” which would balance the federal budget over five years by cutting spending except for Social Security by 1 percent every year. No Democrats back the proposal…

“Republicans only care about budget deficits when they’re in the minority,” said Jason Pye, vice president of legislative affairs at FreedomWorks.

Mark Meckler, president of Citizens for Self Governance, agreed, saying, “There are very few sane people willing to have a rational discussion about fiscal responsibility … It’s obscene. These guys are pigs in slop.”

One percent a year should be easy to find in a $4 trillion budget.  But I’m sure the gluttonous swamp would cry the fiscal sky is falling (“Children will starve!  Seniors will be destitute!  Illegal aliens won’t have as much welfare support”).  Well, maybe not that last talking point (they aren’t completely foolish and willing to admit their agendas).  But here’s some perspective:

Paul’s plan would have reduced spending by $404.8 billion in the fiscal year that starts October 1. After the budget balanced in five years, spending would be held to 1 percent increases per year, resulting in a budget that was 14.6 percent bigger in 10 years that it is now.

In other words, even after balancing the budget, the overall size of it would continue to grow.  Don’t overlook the fact in the excerpt above that a mere one percent of Federal spending equals $404.8 billion!  A true conservative would say balancing the budget would be preparatory to starting to trim back the Federal Leviathan.  Yet these GOPers can’t even countenance the first step!

Putting America first, or “making America great again” is inseparable from solving our budgetary house of cards.  You failed once again, GOP.  When you ask yourselves how in the world a man like Donald Trump could get elected, just look in the mirror.

As for us, primary season is upon us.  One of my Senators just guaranteed he won’t have my vote.  How about yours?