SAD: 25 years ago … … it’s history

Friday, September 11, 2026

https://manhattan.edu/

*** begin quote ***

Jaspers, Family, and Friends,

We gather today in quiet reflection to honor all those profoundly affected by the tragic events of September 11, 2001.

With heartfelt solidarity, we extend our thoughts and prayers to the victims, their loved ones, and the courageous individuals who responded in the aftermath, many of whom still carry the weight of that day.

We also specifically remember the Manhattan University alumni whose lives were tragically lost on September 11, 2001, and whose legacy will forever remain a part of our community.

*** end quote ***

They say you can only read history when you’re down and out.

A dogma during my military service was “after action reports” and “lessons learned”.

What have we learned?

I’d assess it as “very little”.

  • “We” are still up to our necks in a “meddling Middle East policy disaster” with no end in sight.
  • “Our” Gooferment still lies on almost everything; even trivial stuff.
  • Congress is an impotent geriatric old-age home for has-been politicians.
  • Deficit, Debt, Inflation, Money Printing, and other fiscal crimes are still the oder of the day. (The taxpayers’ shit sandwich!)
  • Bread and circuses are used to amuse the common folk while the those people run amok.

Where does it stop?

IDK

Argh!

— 30 —

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MONEY: Inflation is just plain old theft of your wealth

Thursday, September 26, 2024

https://www.lewrockwell.com/2024/09/no_author/inflation-is-an-intentional-tax/

lewrockwell.com
Inflation Is an Intentional Tax – LewRockwell
Schiff, Andrew J.

*** begin quote ***

“The best way to look at inflation is a tax. Inflation is what we pay for the government that we don’t pay for with the income tax or the Social Security tax or a sales tax. Basically, the deficits, the Federal budget deficits– we end up funding them by inflation. And those deficits are about to skyrocket. They’ve been skyrocketing. And so the inflation tax is going to be much bigger in 2025 than it was this year regardless of what the Fed is trying to tell us.”

*** end quote ***

What else can one say?

“We, The Sheeple” just keep getting the wool over their eyes treatment.

Deficit, Debt, Unfunded liabilities, Gooferment spending!

Argh!

—30—

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MONEY: The coming default by the US FED / Treasury?

Saturday, November 12, 2022

https://www.zerohedge.com/markets/are-you-ready-coming-us-government-default

Are You Ready For The Coming US Government Default?
by Tyler Durden
Monday, Nov 07, 2022 – 07:20 AM

Authored by MN Gordon via EconomicPrism.com,

*** begin quote ***

The vast herd of investors are a deluded crowd. Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward.

Optimistic investors keyed in on the Federal Open Market Committee (FOMC) statement and, in particular, the remark that the Fed, “will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments.”

*** and ***

In other words, this bear market may not bottom out until well into 2025. What’s more, the entire dollar based financial system will likely blow up sometime beforehand.

*** and ***

But many won’t recognize heavy handed monetary policy as reasons for their disappointment. The erosion of purchasing power can be subtle over long periods. Moreover, the effects of currency debasement policies extend to all corners of the economy.

*** end quote ***

Depends upon how you define default. What happens when no one wants to buy US Treasuries?

It’s going to be ugly. As the interest rate goes up, more of the Federal budget should go to interest on the debt. If they don’t cut, then more dollar printing.

A vicious cycle.

Sigh!

But what will be the form of it? Us tin foil hats are trying to guess will they just: “print”, “default on the bonds (i.e., tough <synonym for excrement> you suckers)”, or something involving a FED version of mandatory bitcoin (i.e., cash is recalled just like gold was)?

And, then what will the sheeple do?

—30—

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ECONOMICS: The “ugly chicken” of unfunded liabilities

Tuesday, April 2, 2013

http://www.survivalblog.com/2013/03/become-your-own-central-banker-by-lbg.html

*** begin quote ***

Today the U.S. has spent the nation’s blood and treasure as well as our emotional capital on the conflicts in Iraq and Afghanistan. We have become involved in Libya, Egypt, and Syria.  Potential issues with Iran and North Korea loom large. There are 47 million people on food stamps. Unreported millions are unemployed. Spending on social programs has exploded.  The housing market collapsed and has never fully recovered. The banking system is on life support. The Federal Reserve is purchasing $85 billion dollars each month (a trillion dollars a year) in U.S. Treasury issues because no one else is willing to do so.  Despite government statistics and reports Inflation has driven prices on energy, food, clothing, health insurance, and everyday items beyond reason.  Expenditures outstrip tax revenues. Government spending is out of control and we are approaching $17 trillion dollars in national debt with untold (and unfathomable) amounts in promised future benefits, entitlements, mandates, and promissory notes.  By some estimates the U.S. has 238 TRILLION DOLLARS in unfunded liabilities.  We can’t cover it. We are flat busted.  And if our leadership refuses to address and fix the problem, the rest of the world will fix it for us.

*** end quote ***

And why are the Sheeple and Clovers happy? Dancing Idol is on TV!

Fools.

# – # – # – # – #   

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POLITICAL: Bozell Blasts GOP Leaders In CPAC Speec

Wednesday, March 20, 2013

http://cnsnews.com/blog/craig-bannister/bozell-blasts-gop-leaders-cpac-speech-you-are-not-what-you-promised-be

Bozell Blasts GOP Leaders In CPAC Speech: ‘You Are Not What You Promised To Be’ (Conservative)
March 16, 2013

By Craig Bannister

*** begin quote ***

“You’ve done nothing for over two years but give us excuses and more commitments that tomorrow, yes tomorrow, you’ll honor your promises. Gentlemen, where promises are concerned, you are not what you promised to be.

“Do you want to restore your reputations as conservative leaders? All you need to do is honor your promises. They were good ones. Watch what happens next. You’ll be heroes.”

*** end quote ***

Absolutely true.

We don’t need bigger Gooferment!

Balance the budget today!

Eliminate the national debt!

Kill the FED!

Honest money!

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RANT: 1M$ gooferment employee!

Wednesday, February 27, 2013

http://watchdog.org/62420/co-secret-energy-lab-spawns-million-dollar-govt-employee/

CO: Secret energy lab spawns million dollar govt employee

By Tori Richards / November 24, 2012 / Colorado Watchdog

*** begin quote ***

GOLDEN, Colo. – The federal government’s dream of a renewable energy empire hinges on a scrubby outpost here, where scientists and executives doggedly explore a

If you live outside Colorado, you probably haven’t heard of the National Renewable Energy Laboratory – NREL for short. It’s the place where solar panels, windmills and corn are deemed the energy source of the future and companies who support such endeavors are courted.

It’s also the place where highly paid staff decide how to spend hundreds of millions in taxpayer dollars.

And the public pays those decision-makers well: NREL’s top executive, Dr. Dan Arvizu, makes close to a million dollars per year. His two top lieutenants rake in more than half a million each and nine others make more than $350,000 a year.

*** end quote ***

And no one can figure out how to cut the budget?!!!!

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MONEY: This economy, and lack of political fiscal discipline, is hardest on the poor

Sunday, February 24, 2013

http://www.csmonitor.com/Business/2013/0222/Why-is-Wal-Mart-worried-Payroll-tax-could-cut-consumer-spending.-video?nav=87-frontpage-entryLeadStory

Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video)
Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers’ wallets, especially low-income earners. Wal-Mart is adjusting its strategy.

By Husna Haq, Correspondent / February 22, 2013

*** begin quote ***

“It’s a big deal,” says Morgan Housley, a macroeconomic analyst with Motley Fool, an online financial education website. “The biggest impact is on lower-income households since the payroll tax is regressive, only applying to the first $113,000 of income. Wealthier households don’t feel the same pinch because the tax doesn’t hit all of their income. Lower-income households also spend a larger share of their income than wealthier consumers.… Low-income families are in one of the toughest spots they’ve been in since 2009.”

*** end quote ***

Anyone believe a less that 2% cpi?

Not me!

# – # – # – # – #   

Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video)Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers’ wallets, especially low-income earners. Wal-Mart is adjusting its strategy.

By Husna Haq, Correspondent / February 22, 2013

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POLITICAL: France has a top rate of 75%

Friday, September 28, 2012

http://www.reuters.com/article/2012/09/28/us-france-budget-idUSBRE88R0AK20120928

France taxes rich and business to slash deficit
By Daniel Flynn and Leigh Thomas
PARIS | Fri Sep 28, 2012 7:49am EDT

*** begin quote ***

(Reuters) – President Francois Hollande’s Socialist government unveiled sharp tax hikes on business and the rich on Friday in a 2013 budget aimed at showing France has the fiscal rigor to remain at the core of the euro zone.

The package will recoup 30 billion euros ($39 billion) for the public purse with a goal of narrowing the deficit to 3.0 percent of national output next year from 4.5 percent this year – France’s toughest single belt-tightening in 30 years.

But with record unemployment and a barrage of data pointing to economic stagnation, there are fears the deficit target will slip as France falls short of the modest 0.8 percent economic growth rate on which it is banking for next year.

*** end quote ***

Here’s a country that’s going be a laboratory for high tax rates.

Better them than us.

The USA has growth rate below 2 and the true unemployment rate (U6) above 15%.

The Gooferment deficit, debt, and spending are spinning out of control; the Senate doesn’t even deign to do a budget.

I’m no fan of either party’s offering. But four more years of European style Gooferment is going to push the economy over the edge.

# – # – # – # – #   

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FUN: Bernard McGirk on “replacement refs”

Thursday, September 27, 2012

“Our long national nightmare is over!. — Bernard McGirk on the Don Imus show about the regular refs coming back to work

# – # – #  

We have so many problems. Serious problems — unemployment, deficit, debt, crime in Chicago, immigration, … … California finances, crony capitalism … … 

… … where in this list is “replacement refs”?

Argh!

# – # – # – # – #  2012-Sep-27 @ 07:41  

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POLITICAL: Big Gooferment is even bigger than we think?

Friday, April 20, 2012

http://www.theblaze.com/stories/report-govt-may-be-bigger-than-you-think/

Business Report: Gov’t May Be Bigger Than You Think
Posted on April 2, 2012 at 6:45pm by Becket Adams

*** begin quote ***

But the tax break isn’t counted as spending. In fact, while the check for $2,100 is classified as “federal spending,” the tax break doesn’t even show up on the federal budget. So when you hear a policymaker talk about lowering the deficit or expanding/reducing the size of government, most of them don’t factor in tax breaks.

The CNN report goes on to argue that because tax breaks get the same results as government checks (e.g. giving homeowners deductions on mortgage interest, giving tax credits to “green” energy companies, etc), they’re practically interchangeable, right?

Not quite: the government check is directly funded by taxpayers while the tax break comes at a cost to no one.

But this is not to say that tax breaks should be disregarded from the deficit discussion. As taxes generate income, and fixing the deficit is all about balancing revenue with expenditures, then tax breaks should be included.

*** end quote ***

That makes me ill.

Bigger?

Seriously. Are you kidding me!

23.7%

Argh!

# – # – # – # – #

Business Report: Gov’t May Be Bigger Than You Think
Posted on April 2, 2012 at 6:45pm by Becket Adams Becket Adams

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