08/25/22

Renting Votes and Forgiving College Debt

President Biden announced he is unilaterally — meaning without the joinder of Congress which is supposed to control the Federal purse — forgiving college loan debt of $10-20,000 (Pell Grants) for individuals making up to $125,000 or families making up to $250,000.

The Committee for a Responsible Budget scores this Executive Order as costing somewhere between $440B to $600B.

There has been both a huge outcry against and for this policy. Here are some thoughts.

The Facts

1. Total college loan debt is more than $1,750,000,000,000 – that is $1.75T. This is bigger than credit card debt in the US. Hello, America!

Credit card debt is about $850,000,000,000 — $850B — versus college loan debt of $1.75T.

Total auto loan debt in US is $1.45T. Continue reading

08/23/22

The Chinese/Mexican Fentanyl Invasion of the United States

As you are undoubtedly aware, the Biden admin has declared the US – Mexico border to be open and accessible to all peoples from the world over.

There is a bloody flood of illegal immigrants disregarding the legal pathway to immigration and inundating the border. This is as a result of the Biden policy of free flowing open border.

In accordance with that declaration, since Inauguration Day, the Biden admin has admitted more than 2,000,000 “refugees” seeking asylum — yes, they are all anxiously and diligently awaiting a court proceeding some 18-24  months in the future to determine their status. And, yes, they will appear. [This is sarcasm.].

Continue reading

08/11/22

Testing The Depth Of American Stupidity

Yesterday, the Consumer Price Index report came out showing that the CPI increased by 8.5% (seasonally adjusted) year-over-year. This means that the CPI is 8.5% higher than it was in July 2021.

Wages were 5.5% higher, so you only lost 3% in buying power. Haha. Sorry.

[I personally find this incomprehensible as every commodity and food stuff I look at is wildly more expensive over the last year than 8.5% — eggs are up by 40% — but that’s just me.] Continue reading

05/12/22

The Grinding Pound of Inflation

Ten minutes ago, the Bureau of Labor Statistics released its Producer Price Index numbers for April 2022 – this is, of course, a month in arrears. The print was 11% meaning the cost of final demand goods from producers was up 11% when compared to April 2021.

These are Jimmy Carter numbers.

This is the fifth month in a row in which the annualized increase was double digits — again, when compared to a year earlier. Continue reading

04/9/22

Act II, the Russian Despoilment of Ukraine

The Russians and the Puffer Coat Putin’s plan for Act I in the despoilment and depredation of Ukraine did not go according to plan.

 1. The Russian army, a thuggish collection of murderers, rapists, and criminals with vast amounts of weaponry and armor with piss poor leadership and comms failed to drive down from Belarus, shout BOO! at Kyiv, and take the capital and kill the President Volodymyr Oleksandrovych Zelenskyy in the planned 4 days. Stupid Russians. Continue reading