The Real Biden Bill: At Least $4.6 Trillion

Source: The Wall Street Journal (free link).

WSJ’s concluding paragraph deserves emphasis:

Keep in mind that CBO this summer projected that annual deficits will already exceed $1 trillion on average through 2030, causing U.S. debt to swell by $12.8 trillion—and that’s before the infrastructure bill or this House bill. When the spending all kicks in, and the rich are all taxed out, the middle class will be hit with a huge tax increase. This is the most dishonest spending bill in American history.

Continue reading “The Real Biden Bill: At Least $4.6 Trillion”

Mistrial looms, but with prejudice or not?

National Review, prosecutorial misconduct.

Judge Schroeder is being placed in a very uncomfortable position. He really wants to leave it to the jury but he may have to put an end to this travesty himself.

The prosecutors effectively testified to allegations unsupported by evidence.

Depending on what happens with the jury Schroeder will have to choose between allowing the prosecution to try again or ending the mess with a mistrial with prejudice.

American Fascists – Nothing New

The following quote from Vice President Henry Wallace from April 9, 1944 goes to show that the American experience of the last few years is nothing new. The people he describes are very recognizable in today’s politics.

“The American fascists are most easily recognized by their deliberate perversion of truth and fact. Their newspapers and propaganda carefully cultivate every fissure of disunity .…They claim to be super-patriots, but they would destroy every liberty guaranteed by the Constitution. They demand free enterprise, but are the spokesmen for monopoly and vested interest. Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection.”

Future President Ocasio-Cortez tells it like it is.

At any place of employment posting a “joke” about murdering colleagues would get you fired but today’s Republican Party is unable to simply acknowledge that it was wrong. It is worth noting that since the assassination of JFK, it has been criminal to threaten the President, but Gosar’s “joke” showed him going after President Biden after having killed AOC. Why should THAT law not be enforced?

I am sure that some will claim that it was just a “joke” so why the big deal. AOC directly addresses why it IS a big deal for Congress to accept such “jokes.”

Biden plagiarizes Leonard Read

Reason Biden invokes ‘I Pencil’ without attribution

In an attempt to explain supply chain complexity, President Biden borrows from Leonard Read’s classic 

I Pencil 

while clearly not understanding it at all. The whole point of I Pencil is that through price signals, markets self-organize supply chains and automatically compensate for scarcity and interruptions.  Biden used the reference to justify massive interference in those markets with controlled sourcing. 

My 8 year old grandson understands I Pencil and no doubt would make a better President.