FLOATING BARRICADES FOR RESTRAINING WALL IS INSANE. Insanity isn't better than a solution to the root cause of the problem ... not VP Harris, the giggler, touting the regime change issue. Immigration isn't a political issue, it's an insane problem. My, my who is going to solve the issue or fix an issue with floating obstacle floating barricades that fakes a solution. Okay it's easy to criticize when the rest of us are paying for the salaries of 24 million bureaucrats to call everything an issue so everything, like ignoring the debt clock, hoping us minions will forget the problem, by reelecting those who only make the laws, not implement them.
The big issue is who will be the next problem maker in both parties. Will the next Red candidate be a problem solver with a revolver or will the Blue candidate be an issue fighter with a derivative B.B.B tissue. We need a fixer not a mixer upper.
So will it the blue-blooded bleeding heart phlegmatic wishy washer or a better red than dead pragmatic choleric gun totter for the voter. Or the swing voter common sensible humanitarian with a pencil to balance the books so we are invincible. Who will the voters believe will balance the expenditures with the receipts of real cash flow.
Wait a minute the Federal and State governments are an institution not a business. Why would we need GAAP, generally accepted accounting principles to tell us where we are for the future based on historical results of operating a government of the people by the people for the people. Well, much like any other enterprise accountability has to be on the accrual basis or it doesn’t meet the muster of the voters.
No, I’ve heard that governments use GAS or BARS where taxation is the source of cash flow plus borrowing to balance the budget. Then the governments use revenue bonds or print their own currency to supplement the budget system. Isn’t that ignoring the obligations for the future that have to have cash flow to pay them? Yeah but, erasing your point, no worries it will work out because our GDP will grow by raising taxes by as much as needed year to year.
Well, that makes no sense with the future obligations are larger than cash flow in the future and government’s ability to keep borrowing money to make bigger, and more costly government control and employees to manage an issues-based government. That seems there is no common denominator to balance the books as the future becomes the bigger, and more serious problems caused by open borders, negative global trade, crime, gridlock, divisive policies,inflation, foreign relations, overspending and deficits.
Yeah but, erasing that point with the having your own central banking system that will balance the cash flow with longer, and longer debt instruments and hope GDP and cash flow will pick up the fact that taxes are gone by March each year causing a budget deficit for nine month that needs cash flow. Well, when that problem hits the wall, the government is insolvent. Then uses its assets as a source of sale to generate cash flow to pay current liabilities and deferring longer and longer due dates on long term treasury notes due dates.
Why won’t that work? It will if the current obligations can be reduced with write-offs and deferrals to just make payroll of 24 million government employees plus their free health care cost, and pensions retiree payouts for the current period.
Then you have $32 trillion, $97,307 per citizen, current debt, 123% to GDP, a current spending budget of $6.4 trillion, a negative $1.6 trillion deficit, plus proposed write off of college debt of $1 trillion including unpaid interest, $250 billion per month to support influx of un-vetted immigrants.
PlusSecretary of the Treasury Yellen proposing a 100 year treasury bill at 1.4% yield. In theory to prevent bankruptcy until 2120. Then Congress decided in all its impudence to defer the ceiling until after the 2024 elections ... I guess January 6th 2025 to prevent a Trump run in 2028.
