Debt service death spiral

The national debt has exploded in recent years. We have gotten away with it so far because interest rates for financing the debt have been abnormally low. But interest rates have to go up now to slow inflation, and as bonds are rolled over, they will be reissued at much higher rates.

No matter who is sworn in Jan 2025, within a year, debt service will consume all of our revenues.

There is no way out I can see. Printing money will only increase inflation and all the entitlements linked to the rate of inflation.

So, let the Democrats win and let the collapse of the United States government and national bankruptcy fall on their watch.

I suspect they know this and that’s why they are throwing the 2024 election with an unelectable candidate.

Tweeted boast deleted after community fact check

Biden’s White House took credit for getting Seniors the largest COLA adjustment in decades even though it was an automatic result of a law passed in 1972. I guess he does have a point, in that it was triggered by the highest inflation in 40 years.

Fake version of Commitment to America

Of course, desperate lies about Social Security in the closing days of a campaign are standard Democrat tactics, trying to frighten less-informed seniors at the last moment.

Yet the MSM is picking up this obvious hoax and running with it.

Biden threated windfall profits tax.

While it is true that oil companies have had high profits over the last 4 quarters, Biden ignores that those profitable quarters follow 5 quarters of record pandemic losses. The current high profits are necessary to pay debts incurred in the pandemic and to restore depleted cash reserves.

Remember that when Trump wanted to buy crude at $24/bbl for the strategic reserves while those losses accumulated, Democrats refused claiming it was a bailout for big oil. We’re paying for that now in higher profit margins and will pay for it again when we refill the reserve at $80-100/bbl/

WSJ Freelink Musk brings free speech to twitter

Liberals implode. Free speech a terrifying prospect.

Content Moderation Board to be intellectually diverse and exclude only unlawful and obscene speech.

This should be fun.

Washington Times Pelosi assaulted.

This was apparently a politically motivated attack on an 82 year old man. This is unacceptable and the culprit should be in prison for life.

We have to draw a hard line between rhetoric and violence.

From the virology nerds, in vitro(laboratory) experiments have found a hybrid Influenza-A/ RSV hybrid. If this occurs in vivo, we’re screwed.

“The sheep spend their whole lives fearing the wolf, only to be eaten by the shepherd.”

That is the whole of how we are manipulated to trust our greatest threat.

Changing borders over time

Note that Ukraine doesn’t even appear until around the Russian Revolution.

WSJ Freelink End Inflation Tax

This should not be a partisan issue, or Rich vs Poor, it is right versus wrong.

With high inflation back, it’s time to complete the Reagan tax reforms that indexed tax rates on income to inflation.

$100K invested in 2000 would, even with no real growth in the businesses, be $171K today. Selling the stock in those businesses now would result in capital gains tax on $71K income that is entirely imaginary.

It is wrong, and should end.

WSF Freelink Biden’s Political Use of SPR

Biden and the Democrats are manipulating the oil market for political gain and doing it with stunning incompetence.

You might remember during the pandemic, Trump wanted to buy oil for the SPR at $24/bbl to keep fracked shale wells from being damaged by shutting them down, and the Democrats blocked it as a ‘bailout for big oil,’ Bet Biden wishes those wells were still in production now..