Tag Archives: debt

Current Events

D-Day Approaches

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Hi Gang, the D in this case stands for DEBT, our countries debt! I hesitated to post this article, but I really think it needs to be out there so people understand what is going on in our country today economically. As a self-made Economist who loves the topic and follows it more than anything else we are about to reach a turning point in America. June 1st is D-Day folks. This has never happened in the USA and if it does this time, it will have far reaching impact on many things, not to even mention America’s reputation throughout the world. I’ll save my further comments  after you read it.

15 May 2023
Military.com | By  Rebecca Kheel

Billions of dollars of veterans benefits could be imperiled if the U.S. defaults on its debts, though the full extent of the fallout is uncertain because of the unprecedented nature of a default.

About $12 billion in veterans benefits are expected to be paid out June 1 — the same day the Treasury Department has named as the earliest day a default could happen if Congress doesn’t act to avoid it.

A default would likely delay those benefits, but for exactly how long would depend on the Treasury’s next move after a default, experts who spoke to Military.com said.

“There is significant uncertainty as to what would occur because we’ve never been there,” said Rachel Snyderman, senior associate director of business and economic policy for the Bipartisan Policy Center, the Washington, D.C., think tank that estimated how much money in veterans benefits is due to be paid in June.

At issue is what’s known as the debt ceiling or debt limit, which is the amount of money the Treasury can borrow in order to pay the nation’s bills. The exact timing of the “X date,” or the day the Treasury runs out of cash, is a moving target since it depends on how much tax revenue comes in, but Treasury Secretary Janet Yellen has warned it could happen as soon as June 1. If you care to, look up this idiots bio and see how many Econ courses she has ever taken. She just learned how to spell Treasury when she got the job.

Pentagon officials have sounded the alarm about how a default could affect paychecks for service members.

House Republicans are demanding spending cuts in exchange for lifting the ceiling. The White House has maintained Congress should raise the ceiling immediately to avoid even the specter of a default and that any talks about spending cuts should be handled separately, though President Joe Biden has signaled an openness to clawing back unspent COVID-19 funds as Republicans have demanded. LOL, Biden wants to raise the ceiling THEN talk about cuts, that is so funny, it’s crazy. Does anyone really believe he means that. One of those famous, “The check is in the mail ” statements.. And they are still paying COVID payments? 

With the deadline fast approaching, Biden and congressional leaders met at the White House last week, and staff-level talks have continued since then. A second meeting between Biden and congressional leaders had been scheduled for Friday but was canceled. Biden and House Speaker Kevin McCarthy, R-Calif., are next scheduled to meet Tuesday, Biden said Monday.

McCarthy sounded a pessimistic note Monday, telling reporters he thinks the two sides are still “far apart” and that it “seems like [administration officials] want to default more than they want a deal.” Certainly, so they can blame it all on the GOP

While the Biden administration and House Republicans have been trading accusations about whether the GOP proposal to slash overall government spending would mean cuts to the Department of Veterans Affairs, less talked about has been how veterans could be affected by a default.

The Bipartisan Policy Center’s estimate of payments that could be missed, including veterans benefits, is based on analysis of past Treasury reports on its daily transactions, Snyderman said. The estimate for veterans benefits covers any benefit administered by the VA, she said.

In addition to the June 1 payment, another round of veterans benefits is expected to be paid June 30.

“With each additional day that impasse continues, there could be an exponential impact on what that payment delay could look like,” Snyderman said.

Experts see two possible scenarios for how the Treasury could try to pay U.S. bills after hitting the debt ceiling. In one scenario, the Treasury could choose to prioritize making certain payments before others as cash comes in. In that case, how long veterans benefits and military pay is delayed would depend on where they fall in line for priorities. Yellen has downplayed the possibility of prioritizing payments, doubting that it is technically feasible.

In another scenario, the Treasury could wait until it has enough cash in hand to make a full day’s worth of payments in the order in which they came due. Then, if a default happened June 1, veterans benefits due that day might see only a short delay, but delays for later veterans benefits and other payments would grow the longer the impasse lasts.

“We’ve never defaulted, and we’ve never breached the debt limit, and because it’s so unfathomable, there’s no public playbook for what to do in a situation when this happens,” said Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget.

“Some prioritization is probably possible, but it would be difficult for them to justify continuing to pay full veterans benefits and not paying other things,” he added. “It’s possible they would do that. Veterans are very popular. But I think we should assume that at least payments would be delayed.”

A lengthy default could equate to up to 30% in cuts for non-interest government spending, Goldwein said.

In addition to potentially hitting veterans benefits, about $12 billion in military and civilian retirement pay that is expected June 1 and about $4 billion in military salaries that is scheduled for June 15 could be disrupted by a default, according to the Bipartisan Policy Center.

Defense Secretary Lloyd Austin alluded to the potential effect on military pay in congressional testimony last week.

“What it would mean realistically for us is that we won’t, in some cases, be able to pay our troops with any degree of predictability,” Austin said at a Senate Appropriations Committee hearing Thursday. No kidding Jose, someone woke this fool up, go back to sleep you POS.

Administration officials issued similar warnings the last time the U.S. was close to a default in 2021. That year, Congress approved a debt limit increase with days to spare after Senate Republicans agreed not to block legislation. While Democrats controlled both chambers of Congress at the time, they didn’t have the 60 votes typically needed to advance legislation in the Senate.

The negotiating dynamics are different this time because Republicans now control the House. The last debt ceiling crisis when Republicans held the House and Democrats controlled the White House and the Senate in 2011 ended with an agreement to lift the debt ceiling in exchange for steep spending cuts.

— Rebecca Kheel can be reached at rebecca.kheel@military.com. Follow her on Twitter @reporterkheel.

Okay, here is my take.  First of all I find it interesting  the only folks they are talking about being hurt are the military and the VA recipients, what about all the others who will be impacted by this, hopefully including all the illegals, welfare, elected officials, and government workers in general. No, they want to hit home to the compassionate types. Oh dear me, our soldiers and our vets. Hogwash! We’ll handle it.

My take. I want the USA to default, I really do. I know that sounds crazy, but I personally and professionally as an Economist, hope McCarthy stands his ground and doesn’t give Biden one inch. Then we’ll see how all those department heads who got their job, not because of their intelligence or background, but because of their sexual orientation, skin color, or whatever figure out how to handle the issues brought about by a default.

I’m living on a military retirement and am a VA recipient so this will hurt Nancy and I very much. But, we CANNOT keep raising the debt limit and keep spending and spending, Can you imagine what thirty trillion dollars looks like folks. No you can’t, and neither can any of us.

I have written all three of my national elected officials and told them to stand their ground, make everyone hurt so they understand what is at stake here. I encourage you to do the same, then tighten your belt. Nuff said. Semper Fi,

Originally posted 2023-05-16 17:08:53.

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Is America Dying?

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This was sent to me from a fellow Marine brother with the author unknown, but whoever took the time to write this, he or she has created an absolute masterpiece of gospel truth. I urge you to read it slowly and absorb it all. Then read it again. Nations  of long ago took centuries to fail, not so in today’s electronic world. The script has been written, the play appears to be in its final act – the United States of America as we knew it is doomed. Thank you Al

Men, like nations, think they’re eternal.  What man in his 20s or 30s doesn’t believe, at least subconsciously, that he’ll live forever? In the springtime of youth, an endless summer beckons. As you pass 70, it’s harder to hide from reality…. as you lose friends and relatives.

Nations also have seasons: Imagine a Roman of the 2nd century contemplating an empire that stretched from Britain to the Near East, thinking: This will endure forever…. Forever was about 500 years, give or take…. not bad, but gone!!

France was pivotal in the 17th and 18th centuries; now the land of Charles Martel is on its way to becoming part of the Muslim ummah.

In the 19th and early 20th centuries, the sun never set on the British empire; now Albion exists in perpetual twilight. Its 96-year-old sovereign is a fitting symbol for a nation in terminal decline.

In the 1980s, Japan seemed poised to buy the world. Business schools taught Japanese management techniques. Today, its birth rate is so low and its population aging so rapidly that an industry has sprung up to remove the remains of elderly Japanese who die alone.

I was born in 1945, almost at the midpoint of the 20th century – the American century. America’s prestige and influence were never greater. Thanks to the “Greatest Generation,” we won a World War fought throughout most of Europe, Asia, and the Pacific. We reduced Germany to rubble and put the rising sun to bed. It set the stage for almost half a century of unprecedented prosperity.

We stopped the spread of communism in Europe and Asia and fought international terrorism. We rebuilt our enemies and lavished foreign aid on much of the world.  We built skyscrapers and rockets to the moon. We conquered Polio and now COVID. We explored the mysteries of the Universe and the wonders of DNA – the blueprint of life.

But where is the glory that once was Rome? America has moved from a relatively free economy to socialism – which has worked so well NOWHERE in the world.

We’ve gone from a republican government guided by a constitution to a regime of revolving elites. We have less freedom with each passing year. Like a signpost to the coming reign of terror, the cancel culture is everywhere. We’ve traded the American Revolution for the Cultural Revolution.

The pathetic creature in the White House is an empty vessel filled by his handlers. At the G-7 Summit, ‘Dr. Jill’ had to lead him like a child. In 1961, when we were young and vigorous, our leader was too. Now a feeble nation is technically led by the oldest man to ever serve in the presidency.

We can’t defend our borders, our history (including monuments to past greatness) or our streets. Our cities have become anarchist playgrounds. We are a nation of dependents, mendicants, and misplaced charity.  Homeless veterans camp in the streets while illegal aliens are put up in hotels.

The president of the United States can’t even quote the beginning of the Declaration of Independence (‘You know – The Thing’) correctly. Ivy League graduates routinely fail history tests that 5th graders could pass a generation ago. Crime rates soar and we blame the 2nd Amendment and slash police budgets.

Our culture is certifiably insane. Men who think they’re women. People who fight racism by seeking to convince members of one race that they’re inherently evil, and others that they are perpetual victims. A psychiatrist lecturing at Yale said she fantasizes about “Unloading a revolver into the head of any white person.” We slaughter the unborn in the name of freedom, while our birth rate dips lower year by year. Our national debt is so high that we can no longer even pretend that we will repay it one day. It’s a $30-trillion monument to our improvidence and refusal to confront reality. Our “entertainment” is sadistic, nihilistic, and as enduring as a candy bar wrapper thrown in the trash.  Our music is noise that spans the spectrum from annoying to repulsive.

Patriotism is called an insurrection, treason celebrated, and perversion sanctified. A man in blue gets less respect than a man in a dress. We’re asking soldiers to fight for a nation our leaders no longer believe in.

How meekly most of us submitted to Fauci-ism (the regime of face masks, lockdowns, and hand sanitizers) shows the impending death of the American spirit.

How do nations slip from greatness to obscurity?
* Fighting endless wars they can’t or won’t win
* Accumulating massive debt far beyond their ability to repay
* Refusing to guard their borders, allowing the nation to be inundated by an alien horde
* Surrendering control of their cities to mob rule
* Allowing indoctrination of the young
* Moving from a republican form of government to an oligarchy
* Losing national identity
* Indulging indolence
* Abandoning God, faith, and family – the bulwarks of any stable society.

In America, every one of these symptoms is pronounced, indicating an advanced stage of the disease.

Even if the cause seems hopeless, do we not have an obligation to those who sacrificed so much to give us what we had? I’m surrounded by ghosts urging me on: the Union soldiers who held Cemetery Ridge at Gettysburg, the battered bastards of Bastogne, those who served in the cold hell of Korea, the guys who went to the jungles of Southeast Asia and came home to be reviled or neglected.

This is the nation that took in my immigrant grandparents, whose uniform my father and most of my uncles wore in the Second World War. I don’t want to imagine a world without America, even though it becomes increasingly likely.

During Britain’s darkest hour, when its professional army was trapped at Dunkirk and a German invasion seemed imminent, Churchill reminded his countrymen, “Nations that go down fighting rise again, and those that surrender tamely are finished.”

The same might be said of causes. If we let America slip through our fingers, if we lose without a fight, what will posterity say of us?

While the prognosis is far from good. Only God knows if America’s day in the sun is over.

Author Unknown

Postscript: Read it and weep, forward or erase it! I read it three times and am now posting it to you, believing that we are at the moment in time to either stand up, or shut up! We now may soon be at the next stage in our country’s future. I believe it is closer than we think. God help us.

 

 

 

Originally posted 2023-02-08 11:36:04.

Current Events

$1.00 = $0.95

1 Comment

This post may be too hard for some to swallow without some Economics background, but I consider it important enough for my followers to be prepared. I received the following from a trusted Marine brother who runs an investment business in NC. Rik and I are usually on the same page on everything “Economic” because we are both “supply siders” and also “Monetarists.” Won’t get into any Economics BS to explain what that means in layman’s terms as it would only confuse the issue more than it already is. Having said that I totally agree with the article; we are already seeing the start of it. As of this instant, my total portfolio has lost 3.56% in the last month, and I firmly believe it will continue, while inflation is sits and waits for the right time to make itself known to every American. Keep it up Joey  and we will be a bankrupt country while the FED, most of whom are not supply siders fiddle.

 

 

 

 

Your cash will lose at least 5% of its purchasing power in the next year

Posted: 24 Sep 2021 05:03 PM PDT

Earlier this week, Fed Chair Jerome Powell announced that the real yield on dollar cash and cash equivalents is likely to be -5% or less over the next 12 months. Yes, your cash balances will lose at least 5% of their purchasing power over the next year, and that’s virtually guaranteed. So what are you—and others—going to do about it?

Assumptions: This forecast of mine optimistically assumes that 1) the first Fed rate hike of 25 bps comes, as the market now expects, about a year from now, and 2) the rate of inflation slows over the next 12 months to 5% from its year-to-date rate of 5.9%. Personally, I think inflation next year likely will be higher, if only because of the delayed effect of soaring home prices on Owner’s Equivalent Rent (about one-third of the CPI), the recent end of the eviction moratorium on rents, and the continued, unprecedented expansion of the M2 money supply.

I’m a supply-sider, and that means I believe in the power of incentives. Tax something less and you will get more of it. Tax something more and you will get less of it. Erode the value of the dollar at a 5% annual rate and people will almost certainly want to hold fewer dollars than they do today.

I’m also a monetarist, and that means I believe that if the supply of dollars (e.g., M2) increases by more than the demand for dollars, higher inflation will be the result. We’ve already seen this play out over the past year: the M2 money supply has grown by more than 25% (by far an all-time record) and inflation has accelerated from less than 2% to 6-8%. Massive fiscal deficits have played an important role in this, but so has an accommodative Fed. Between the Fed and the banking system, 3 to 4 trillion dollars of extra cash were created over the past 18 months. At first that was necessary to supply the huge demand for cash the followed in the wake of the Covid shutdowns. But now that things are returning to normal, people don’t need or want that much cash. Yet the Fed continues to expand its balance sheet, and they won’t finish “tapering” their purchases of notes and bonds until the middle of next year. That means that there will be trillions of dollars of cash sitting in retail bank accounts (checking, demand deposits and savings accounts) that people will be trying to unload.

If we’re lucky, the inept and feckless Biden administration will be unable to pass its $1.5 trillion infrastructure and $3.5 trillion reconciliation bills in the next several weeks. This will lessen the pressure on the Fed to remain accommodative, but it’s not clear at all whether it will encourage the Fed to reverse course before we have a huge inflation problem on our hands. Non-supply-siders (like Powell) view an additional $5 trillion of deficit-financed spending as an unalloyed stimulus for the economy. Supply-siders view it as a virtually guaranteed way to increase government control over the economy and thereby destroy growth incentives and productivity.

Amidst all this potential gloom, there are some very encouraging signs, believe it or not. Chief among them: household net worth has soared to a new high in nominal, real, and per capita terms. Also, believe it or not, the soaring federal debt has not outpaced the rise in the wealth of the private sector.

Today’s interest rates are relative to inflation. Terribly low! In normal times, a 4-5% inflation rate would call for 5-yr Treasury yields to be at least 4-5%. yet today they are not even 1%. The incentives this creates are pernicious: holding cash and/or Treasuries implies steep losses in terms of purchasing power. That in turn erodes the demand for cash and that fuels more spending and higher inflation.

The growth of the non-currency portion of M2 (currency today is about 10% of M2). Currency in circulation—currently about $2.1 trillion—is not an inflation threat, because no one holds currency that they don’t want. The rest of M2, just over $18 trillion, is held by the public (not institutions) in banks, in the form of checking, savings, and various types of demand deposits. For many, many years M2 has grown at an annual rate of 6-7%. But beginning in March of last year, M2 growth broke all prior growth records. The non-currency portion of M2 is about 25% higher than it would have been had historical trends persisted. That means there is almost $4 trillion of “extra” money in the nation’s banks. This extra money has been created by the same banks that are holding it: banks, it should be noted, are the only ones that can create cash money. The Fed can only create bank reserves, which banks must hold to collateralize their deposits. Today banks hold far more reserves than they need, so that means they have a virtually unlimited ability to create more deposits. And they have been very busy doing this over the past 18 months.

For most of the past year I have been predicting that this huge expansion of the money supply would result in rising inflation, and so far that looks exactly like what has happened. People don’t need to hold so much of their wealth in the form of cash, so they are trying to spend it. But if the Fed and the banks don’t take steps to reduce the amount of cash, then the public’s attempts to get rid of unwanted cash can only result in higher prices, and perhaps some extra spending-related growth. It’s a classic case of too much money chasing too few goods and services. And Fed Chair Powell has just added some incentives for people to try to reduce their cash balances. He’s fanning the flames of inflation at a time when there is plenty of dry fuel lying around.

Now for some good news. The evolution of household balance sheets in the form of four major categories. The one thing that is not soaring is debt, which has increased by a mere 20% since just prior to the 2008-09 Great Recession.

With private sector debt having grown far less than total assets, households’ leverage has declined by 45% from its all-time peak in mid-2008. The public hasn’t had such a healthy balance sheet since the early 1970s (which was about the time that inflation started accelerating). Hmmm….

In inflation-adjusted terms, household net worth is at another all-time high: $142 trillion.

On a per capita and inflation-adjusted basis, the story is the same. We’ve never been richer as a society.

Total federal debt owed to the public is now about $22 trillion, or about the same as annual GDP. It hasn’t been that high since WWII. So it’s amazing that federal debt has not exploded relative to the net worth of the private sector. As I’ve shown in previous posts, the burden of all that debt is historically quite low, thanks to extraordinarily low interest rates.

Gold prices are weak today because the market is anticipating higher short-term interest rates. Gold peaked when forward interest rate expectations were at an all-time low. Why? Because super-low interest rates pose the risk of higher inflation. With the Fed now talking about raising rates (albeit sometime next year, and very slowly thereafter), gold doesn’t make as much sense because forward-looking investors are judging the risk of future inflation to be somewhat less than it was a few years ago.

 

S/F

Rik

Originally posted 2021-09-28 10:45:55.

Current Events

Congress Read and Ask Yourself WHY?

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Good afternoon earthlings, I trust you enjoyed your day off yesterday. If you did not have off, shame on your employer, it’s a National Holiday! And for my Marine brothers I trust you enjoyed the day before. We have often been criticized by our brother service members who say 10 November is not our birthday. The say we picked that day because the next day was a holiday and we would have a day to sober up after our Birthday Ball before having to go to work. Hell, I don’t know, maybe their right, but it sure always worked out for me. LOL

Aside, I was wondering what birthday was my first to celebrate as a Marine. Have you ever asked yourself that?  So, did the math, it was the 177th. Ouch!

Now for the purpose of the post. A fellow Marine brother sent this to me and I had seen it before, but thought it had to some great ideas in it, so I decided to post it. However I first vetted it, as I follow Buffet on some economic issues — he is a good economist –and I knew it didn’t sound like the Buffet I knew.

See my comments in RED.

Warren Buffett is asking everyone to forward this email to a minimum of 20 people, and to ask each of those to do likewise. This is not true. Buffet would NEVER do thsi.

The BUFFETT Rule

Let’s see what people pressure is all about.

Salary of retired US Presidents .. . . . .. . . . . .. . $180,000 FOR LIFE. Me thinks this one is okay considering all the BS he has to pout up with for four years. Of course some deserve the BS.

,Salary of House/Senate members .. . . . .. . . . $174,000 FOR LIFE. This is stupid. OMG

Salary of Speaker of the House .. . . . .. . . . . $223,500 FOR LIFE. This is really stupid. Another OMG

Salary of Majority / Minority Leaders . . .. . . . .$193,400 FOR LIFE Stupid. A bigger OMG

Average Salary of a teacher . . .. . . . .. . . . . .. .$40,065 Well? What are teachers qualifications, I believe that should weigh heavily on salary????

Average Salary of a deployed Soldier . . .. . . .. $38,000. Shut up Jim!

Here’s where the cuts should be made!

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:

“I could end the deficit in five minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.” Yes, he said this, BUT he was simply answering a question from the anchor. He did not recommend it, but said it was that easy to fix the deficit.

The 26th Amendment (granting the right to vote for 18 year-olds) took only three months and eight days to be ratified! Why? Simple! The people demanded it. That was in 1971 – before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land – all because of public pressure.

Warren Buffett is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.

Congressional Reform Act of 2022

1. No Tenure / No Pension. A Congressman / woman collects a salary while in office and receives no pay when they’re out of office.

2. Congress (past, present, & future) participates in Social Security. I disagree with the “past” requirement, don;t grandfather it, they made that decision so make them stick with it. With no current and future influx to the fund, it will go broker over time. That’s good.

All funds in the Congressional retirement fund move to the Social Security system immediately. No, as I said let them keep their funds and slowly go broke.  All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose. Yes, absolutely, why should they not particpate in SS? They keep stealing from it, perhaps that will put an end to that!

3. Congress can purchase their own retirement plan, just as all Americans do.

4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%. Just like the rest of us in the federal government.

5. Congress loses their current health care system and participates in the same health care system as the American people. Of course, give me one erason why not?

6. Congress must equally abide by all laws they impose on the American people. Come on folks this is a given, why are they exempt from some things?

7. All contracts with past and present Congressmen/women are void effective 3/1/22. The American people did not make this contract with Congressmen/women.

Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and go back to work.

If each person contacts a minimum of twenty people, then it will only take three days for most people in the U.S. to receive the message. It’s time!

THIS IS HOW YOU FIX CONGRESS!

 

Now, I shall say it, if you agree, pass it on.

Semper Fi, Jim

PS If you are wondering how I feel reference the election ….. like shit! But I have not given up. Trump should take Hillary the snake’s advice and not concede. I think you can bet he won’t!

Originally posted 2020-11-12 15:45:21.

Recent Posts

Found: A Real Life Progressive

8 Comments

Good day folks, I hope your Saturday is going as well as mine. As you should know I don’t mind discourse of things I post here, but there are some rules. And if those who choose to comment do not abide by them, I simply block them. I do not allow vulgar language, nor getting personal.  I understand completely why someone would use an email address of namewithheld77@yahoo.com.  I mean no one  chooses to use their real name in that manner. But,  I do expect someone who wants to comment here to at least identify themselves with their name. I really have no trust, belief, or time for someone who uses the name “Redacted,” I simply shut them down, albeit this will be a first.

How can you even trust anyone who is afraid to use his/her name, I mean heck, the person knows my name and my email address, but they choose to hide their identity. Which is what I would expect of someone who espouses the kind of philosophy as shown below. Rather than answer his/her last hoot, I’ll invite my followers to do so, but a rule is a rule. I will not allow any more emails coming from “Redacted.” Either tell us who you are or remain a mystery and talk to yourself.

First is “Redacted’s” reply to the original post entitled “Why Trump in 2020.”

“RINO Trump. Bigger socialist than Obama. Bigger gun grabber than Obama. Outspent every liberal president over the past 100 years combined. Tramples the Constitution more than Obama. Put out advisories causing governors to issue unconstitutional state lockdowns, plunging the economy into depression over something the CDC now admits has a 99.74% survival rate. And he gets republicans to cheer for leftism. Bigly.

Who is living under a rock? That would be you, Jim.”

I responded with: LOL. OMG. Unbelievable, finally a real live progressive commenting on my blog. Wow, I love it. You have been listening to the MSM news too much sir/ma’am. Bigger gun grabber, bigger socialist than that racist Muslim loving pig before him? I cannot even find reason nor rationale worth repeating all your other “claims” because you cannot back up your mouth with facts. And most of all, you do not even have the integrity to state your name so you must not honestly believe anything you are saying. That’s manly or womanly of you. Carry on!

Then he/she responded with this; you may have to pause once in a while to control your laughter:

“This is a joke, right? RINO Trump has outspent every liberal president over the past 100 years combined and he did it in less than 4 years. How’s that taking away anyone’s golden egg? You think he’s going to suddenly become conservative and respect the Constitution in his last four years? He’s a bigger socialist than Obama. And he has you cheering for it.

If he’s “beholden to no one” then why did he pick all of the people in his administration from the same pool of subversive, anti-American Council on Foreign Relations, Bilderberg Group, Trilateral Commission, Goldman Sachs, George Soros affiliates, lobbyists, etc.?

“Receives no kickbacks, let alone his salary.” Sure. RINO Trump gives back his $400K salary, but he has cost taxpayers over $130 MILLION in golf AT HIS OWN RESORTS. Do the math, that’s a hell of a trade off. Plus he gets free security at all of his properties now, courtesy of taxpayers.

Hillary not locked up, never going to be locked up; he protects his cousin and enacts her agenda of more big unconstitutional government.
No wall. Mexico not paying for it. Illegal aliens pouring across the border; RINO Trump expanded catch-and-release.
RINO Trump did more gun control than Obama and wants more.
RINO Trump trashes the Constitution as much, if not more than Obama.

And you cheer for him.

Keep on lying for the man. You’re throwing away your integrity on a lifelong NY liberal charlatan who is destroying America.”

I simply cannot get my arms around someone who honestly believes what he/she is saying. Really? Nothing said can be factually proven to be even close to the truth. OMG,. I love it. Followers comments are welcome.

 

Originally posted 2020-05-30 10:52:53.