Posted on 28 June, 2017 by AlexInCT in Decline of Western Civilization, Deep Thoughts, Evil Capitalists, Health Care, Left Wing Idiocy, Nanny State, Politics, Right Wing Idiocy, The Law, The Mainstream Media, Things are worse than they seem
Looks like I lose a bet with a buddy, because Illinois beat California to the punch. Well maybe Connecticut can go right after California, so I win that bet. From the letter of the comptroller of the now bankrupt state of Illinois:
See attached letter sent to elected officials from across the state this morning.
As Illinois’ Chief Fiscal and Accountability Officer, my Office is responsible for managing the state’s financial accounts as well as providing the public and the state’s elected leadership with objective and timely data concerning the state’s difficult fiscal condition. As you are quite aware, I have been very vocal regarding these issues and the budgetary impasse since assuming office six months ago; however we are now reaching a new phase of crisis.
Accordingly, I must communicate to you at this time the full extent of our dire fiscal straits and the potential disruptions that we face in addressing even our most critical core responsibilities going forward into the new fiscal year. My Office has very serious concerns that, in the coming weeks, the State of Illinois will no longer be able to guarantee timely and predictable payments in a number of areas that we have to date managed (albeit with extreme difficulty) despite an unpaid bill backlog in excess of $15 billion and growing rapidly.
We are effectively hemorrhaging money as the state’s spending obligations have exceeded receipts by an average of over $600 million per month over the past year.
My cause for alarm is rooted in the increasing deficit spending combined with new and ongoing cash management demands stemming from decisions from state and federal courts, the latest being the class action lawsuit filed by advocates representing the Medicaid service population served by the state’s Managed Care Organizations (MCOs). As of June 15, the MCOs, and their provider networks, are owed a total of more than $2.8 billion in overdue bills at the Comptroller’s Office. There is no question that these obligations should be paid in a more timely manner and that the payment delays caused by the state’s financial condition negatively impact the state’s healthcare infrastructure. We are currently in court directed discussions to reach a workable and responsive payment schedule going forward, but any acceleration of the timing of those payments under the current circumstances will almost certainly affect the scheduling of other payments, regardless of other competing court orders and Illinois statutory mandates.
Heh, they ran out of other people’s money! Now if Hillary was president, the productive tax payers would just be told to grab their ankles and bail out these yokels, but with Trump-Putin, that is unlikely to happen. No wonder so many blue staters are losing their fucking minds and hoping to reverse the election results. They had banked on their girl saving them from their own ineptness, and now they are stuck with that debt they ran up figuring someone else would end up paying it anyway
I eagerly await your response as to next steps for furthering this discussion.
How about cut your nanny state fucking spending?
Must be why Obama chose to not return home and stayed in D.C…..
Well, a few years back every collectivist out there trying to peddle that failed ideology was lecturing those of us that see the inherent nature and end state of any collectivist experiment, on how Chavez’s revolutionary experiment had made Venezuela not just a more just and better place, but validated their faith in collectivism. The media and the usual big nanny state selling types could not stop talking about how great Venezuela was doing, and how it validated their beliefs and ideology. Chavez was visited by a host of virtue signaling douchebags, while the news cycle took every opportunity it could to tell people how collectivism in Venezuela was saving the poor. Those of us that pointed out that the natural course of events had not happened yet, and that eventually this experiment being lauded, when it reached its end state, would end in misery and failure, were basically mocked and called out as delusional wreckers and kulaks. That the historical president existed to actually validate the case of people pointing out that over time every previous big collectivist experiments the left praised and presented as proof of their ideological superiority, had imploded given enough time to run out of other people’s money, leading to the usual tropes about it not being true collectivism, the wrong people being in charge (a flip from them being the right people at first), the capitalist wreckers undermining the whole fairy tale, or a combination of all these things. It was never the fact that collectivism is a dumb idea because it goes both against human nature and practically every law of nature, physics, and economics.
Well, fast forward to today, and this is Venezuela. The place has been wrecked by the socialists, the corruption inherent in socialism, the attempts to force reality to bend to the will of an insane ideology, and of course, the fact that the saviors of the revolution really did the revolution so they could replace the oligarchy that existed with one of their own. I could be ironic and wonder why now that the place is falling apart the dnc operatives with bylines no longer have Venezuela constantly in the news, and on the rare occasion the do talk about the misery and horrible situation, they never find it in them to actually blame the cause for the current condition: collectivism.
there is a lesson here, but I doubt the people that should learn it will ever do so. Envy of what others have and the need to virtue signal are powerful things for the usual idiots that purposefully remain oblivious to the destruction, misery and death toll of their ideology. Queue the people that will now complain about me because there is no defense for the evils of collectivism outside the family unit.
Well, thank the powers that be that Trump has kept one promise I am going to gloat and laugh about for a long time. And of course, that criminal cunt Obama immediately showed his pedantry. I give that globalist accord to rip the planet off some 6 months to a year to implode. Then again, how would you measure that any of this considering none of these douchebags claiming this is the end poor Gaia now that Trump has ripped off her clothes and thrown her to the wolves to be raped can measure success or failure of any kind in this aspect unless we count the trillions they steal from productive people to prop up the global elite’s high faluting lifestyle
Let the good times roll people. This idiotic criminal endeavor loved by the marxist globalist alliance can’t die a quick enough death for me. Maybe we can then get to some real science until the left invents the next world ending threat that justifies them raping the rest of us over again. And yeah, before anyone even thinks to pretend this was a binding agreement of any sort, I remind you that that asshole Obama basically never ratified it with congress, making the whole thing invalid and no-binding from the start.
Oh the prog idiot tears.. Haven’t had that delicious stuff since the days after the election. Looks like I need to get my collection jars back out and resuply.
I now have no doubt that Obama was the most incompetent and destructive president of my time, unseating Jimmy Carter, which in itself is some staggering achievement, and that the only way he could have been saved from that distinction was a Clinton presidency. Lucky for the country and the world, and to the chagrin of your usual leftist douchebag and the guilty pleasure of people like me, we were spared that horrible faith. The guy, along with telling lies and lording it like he was an emperor, made it a point to say stupid shit and then be proven wrong. Of course, the LSM played defense for him and would twist itself into pretzels doing so. Let’s not rehash that conversation. After all, anyone still claiming that the bulk of what those of us have been calling the Lame Stream Media for years aren’t a bunch of biased leftists shills – democrat operatives with bylines if you allow this apt label – is themselves a blind partisan hack.
I could wax philosophical about the failures of Obamacare, the lies told to pass it, and the lies now told to keep it despite the fact the thing is an epic disaster, but that’s not what this post is about. I could also go into how I believe that despite the distraction tactics from the dnc operatives with bylines about Russia stealing the election, Trump being a Putin stooge, or focus on how the people that spend decades excusing the evils of communism and the USSR and then made fun of Romney when he pointed out the Russians were a problem now are all up in arms about that red scare they so sarcastically dismissed and defended, eventually all this empty posturing and belly aching bullshit will be swept away by the revelation that it is all smoke and mirrors to hide the fact that the Obama administration used both the US intelligence community and foreign entities to spy on political enemies of the left. Keep your eye on this one, because that is the real big story out there that the left is desperate to destroy Trump over so he can’t dismantle the machine that has been helping the left cover this criminal activity up. But that is not what this post is about either. Shit I could even go into the “I told you sos” I promised the usual douchebags we have here, and there are several of those already, but that’s not what this is about either. No, this post is about a old lie/idiocy told by Obama and the left, when they were hard at work pissing away billions of tax payer dollars on green shit that only served to enrich democrat operatives, friends, and donors. Let me set this baby up.
Remember when black Jesus told the country, during the days of $4+ a gallon gas, with prices going up and no end in sight, that those of us that were saying that the US should drill for oil to lower prices were morons that lacked his nuanced understanding of economics he had? Remember people saying “Drill baby, drill” being mocked by credentialed leftist elite cunts that made fun of how idiotic one had to be to believe that more oil somehow would reduce oil prices? Yeah, these days there is a reason you only hear people that like me knew Obama and the left were full of shit and either idiots or downright contemptible crooks talk about this topic, and that is because those that managed to do the drilling despite the cock blocking actions of the Obama administration, have brought us to this:
The oil cartel roped eleven other petrostates into an agreement to curtail production in 2017 and are currently working on extending that deal, but the output cut’s ultimate goal of eating away at the oil market’s glut of crude is being undermined by the actions of suppliers outside of OPEC—U.S. shale producers chief among them. Now, OPEC is revising upwards its estimates of how quickly supplies will grow outside of its membership this year by a whopping 64 percent. Bloomberg reports:
Production from outside the Organization of Petroleum Exporting Countries will increase by 950,000 barrels a day this year, OPEC said in a report, revising its forecast up by about 370,000. The projection is four times higher than in November, when the group announced a production cut to try and re-balance oversupplied world markets. Non-OPEC nations pump about 60 percent of the world’s oil. […]
“U.S. oil and gas companies have already stepped up activities in 2017 as they start to increase their spending amid a recovery in oil prices,” OPEC’s Vienna-based research department said in the report. “In addition to the growth in the U.S., higher oil production is expected in Canada and Brazil.”
Some of the most vile entities on the planet are feeling the pain of low oil prices. From Russia to Venezuela to Iran, low oil prices have prevented some of the most vile players from being able to do mischief. Of course in the case of Iran, they are these days not doing so bad after the Obama administration, which lied to the US people and the world at large about getting Iran to stop the production of a nuclear weapons, not only lifted the sanctions on them, but paid them close to a trillion dollars in a deal akin to selling one’s soul to the devil that basically left Iran free to still build a bomb unless someone else used force to stop them. And I love that the usual green peddlers are feeling it too. I am smart enough to see through the lies that government interference will make these technologies more viable. History has proven that whatever government mandates ends up reduced to near non-existent evolution and stagnated high prices. Look at healthcare, cars, and a plethora of other such examples on your own time. They are there if you are not ideologically blind. And yeah, I remember when government could make things happen. Those days are long gone now that government is populated and run by inept and idiotic credentialed elite douchebags.
Back to the main topic: low oil/gas prices. Want to know why we got that?
This supply-side surprise comes courtesy of American frackers, who have seized the opportunity afforded them by the petrostate cuts and have ramped up their own production over the past nine months. By cutting costs and boosting efficiencies, U.S. shale has made itself capable of profitably producing $50 per barrel oil.
This is the worst-case scenario for OPEC: whatever success its production limits have in inducing a price rebound, the fruits of those labors will be enjoyed first and foremost by U.S. companies who will find more of their shale operations profitable at higher prices. With projections for growth of non-OPEC supplies being ramped up so dramatically through the end of the year, it’s clear to see that that’s already happening.
Kiss your frackers when you see them. And if I might be allowed one more comment about the nefarious relationship with Russians, I point you not to the delusional democrat’s usual target – Trump – but to the people that have opposed fracking in the US. Oh, I have heard the counterclaims made by the same dnc operatives with bylines today perpetuating the lies about a Trump-Putin connection and still harping on about a hacked/stolen election, when there has been zero evidence of any sort of connection presented and their choice of words to mask that what happened was that someone did the US voters a favor and exposed the corruption and criminality of the dnc (and nobody even knows if that was the Russians, but they keep pretending it was) so spare me the douchebaggery.
Trump’s new proposed budget leaves no doubt he is reprioritizing government and downsizing it, which can’t happen fast enough for me, but has the chattering class and the nanny staters all in a tizzy, is out.
President Trump’s budget proposal this week would shake the federal government to its core if enacted, culling back numerous programs and expediting a historic contraction of the federal workforce.
This would be the first time the government has executed cuts of this magnitude — and all at once — since the drawdown following World War II, economists and budget analysts said.
The spending budget Trump is set to release Thursday will offer the clearest snapshot of his vision for the size and role of government. Aides say that the president sees a new Washington emerging from the budget process, one that prioritizes the military and homeland security while slashing many other areas, including housing, foreign assistance, environmental programs, public broadcasting and research. Simply put, government would be smaller and less involved in regulating life in America, with private companies and states playing a much bigger role.
The cuts Trump plans to propose this week are also expected to lead to layoffs among federal workers, changes that would be felt sharply in the Washington area. According to an economic analysis by Mark Zandi, chief economist for Moody’s Analytics, the reductions outlined so far by Trump’s advisers would reduce employment in the region by 1.8 percent and personal income by 3.5 percent, and lower home prices by 1.9 percent.
“These are not the kind of cuts that you can accommodate by tightening the belt one notch, by shaving a little bit off of a program, or by downsizing a few staff here or there,” said Robert Reischauer, a former director of the Congressional Budget Office. “These are cuts that would require a wholesale triage of a vast array of federal activities.”
All I hear is that he plans to roll back Leviathan, and then focus on government doing the things it is told are its responsibility in the constitution, but I am sure that the usual members of the vote-buying credentialed elite class, seeing their own lucrative scheme come under attack, will be howling in anger that this is happening. of course, I suspect – as the article points out – that Trump’s biggest challenge to get this done will come from the biggest bunch of freeloaders out there – congress:
Still, budget experts said it was unclear what the precise impact on many agencies might be because the departments could choose to implement reductions in a variety of ways.
Administration officials have also stressed that discussions are ongoing between budget officials and agencies, and that the size of the budget cuts remains fluid. Moreover, the cuts cannot take effect unless they are authorized by Congress, which could prove difficult. Lawmakers routinely rebuffed budget requests from President Barack Obama, leading instead to protracted negotiations between both sides.
Already, Democrats have vowed to fight Trump’s proposals, and some Republicans have also expressed unease at the size of the reductions.
The White House declined to comment publicly, but administration officials have signaled for weeks that large cuts will be part of the budget.
That the democrats – which have never seen either a government entity that is large enough or pisses away too much of the tax payer’s money on crap that adds no value but buy democrat politicians votes – would react to this plan like vampires would to holy water, holy symbols, or sunlight, was expected. But the added bonus here is that it will expose the democrat-light nanny staters in the republican establishment, for what they are. These politicians on the republican side need to stop acting like they care about fiscal responsibility and small government when they are no better than the democrats, and we need to know who they are so we can vote them out as well.
I hope he wins this fight and forces congress to show its hand. And I hope every budget that follows this one repeats the cycle. The best thing to prevent the current tyranny of the nanny state is a small government with little power outside of the duties the constitution allows it. A lot of our problems will fix themselves when you don’t have the political class, and an entire political party, selling favors with other people’s money.
BTW, for the people all confused by why suddenly after the democrats lost the election things like employment, consumer confidence, and future economic outlook are off the charts in positive territory, it is things like this that are driving that. People want less intrusive and abusive government, and most of us definitely want government out of the business of picking winners and losers.
Read the title of my post as a spoof on the whole Ghostbusters song – the good one from back then, not the idiotic PC reboot that Hollywood douched us with last year – because it is appropriate. The other day another old democrat crone was asked for an explanation of why the country accumulated $9 trillion plus dollars in debt with absolutely nothing to show for it (a lot of vote buying there and Hillary still lost), and Pelosi, in her grandeur, blamed Boosh. I am starting to think Boosh might be some kind of inhumane super fiend, because the guy can do everything impossible.
Let’s all sign it, baby: If the left is called out on something bad, who ya gonna blame? “George BOOSH”! Catchy…
Here we go:
House Minority Leader Nancy Pelosi blamed former President George W. Bush and the Republicans on Friday for the more than $9 trillion that has been added to the national debt under President Obama’s watch.
Pelosi argued that under Obama, the annual budget deficit, which contributes to the national debt, has been reduced dramatically, and said that without Obama’s work, the national debt would be even higher. She also mostly blamed Bush for not paying for the wars in Afghanistan and Iraq.
That same old tired trope again. Obama was great for the economy! Boosh’s Wars! This crap has to be because Pelosi knows for a fact that it was Boosh that bombed the twin towers. She must also think (or want everyone to believe) that it was Boosh whom unilaterally decided to invade Iraq. Thusly, poor godsend Obama struggled to end those evil wars, by losing them, and only managed to start conflicts all over the place – because of Boosh’s mind control, according to Pelosi (or was that all because of the evil Noble Peace Prize whispering in his ear?) – destabilizing the ME and the world in the process, had to spend all that money. It could never be that congress, mostly when it was totally controlled by democrats, felt obligated – probably because of Boosh’s evil super powers, again – to spend trillions more than the broken economy the democrats left us with after their social justice home-loan lending schemes imploded, so they could engage in buying votes, enriching special interests, and fattening donkey campaign coffers.
“When President Obama stood on the steps on the Capitol eight years from next week, the [budget] deficit was $1.4 trillion — one year deficit,” she said. “It’s reduced by 70 percent in his administration. Much of the increase in the national debt that has occurred from this time still springs from two unpaid-for wars, cost that we owe our veterans following that, giveaways that they gave to the pharmaceutical industry, and the high-end tax cuts that have carried forward without any job production. Absent the work of President Obama, this national debt would be even higher.”
Pelosi has some gall. Let me point out that $1.4 trillion dollar deficit was done by the congress she ran after the 2006 election, which remind everyone overrode evil Boosh to spend that money. Those of us that understand who decides how tax payer money gets spent, and who can sign for it or veto it, that is, if they can avoid that congressional override. Based on her own words, we are left basically connecting her accusations of that money being given to fat cats, with her. But somehow it still is Boosh’s fault they did that. Then you got this:
Pelosi noted the work done by former President Bill Clinton to balance the budget or leave a surplus.
You mean the work done by Newt Gingrich, thrice before it stuck? Gingrich dragged the smarter Clinton kicking and screaming away from the leftward turn his people and that crime syndicate capo he married for political convenience had been driving us for the first 2 years of his administration, and dismantled a lot of the horribly costly and wasteful welfare state. I wonder how that expensive welfare state fared under Obama, and if that coupled with the depressing and miserable Obama economy might have more to do with?
And then we have the other shoe about to drop: Obamacare. A monster that is poised to bankrupt America, if it is not slain soon. I bet Pelosi would like us to believe that was also Boosh’s fault even though not a single republican voted for this monstrosity and Boosh was on his ranch in Texas clearing brush. This is the Obama legacy, but the tools want you to believe someone else is responsible for 8 years of amateur hour.
Lets all sing it now: If you are a democrat, and you get called out on being crooks, who ya gonna blame? “George BOOSH”! If someone points out, you fucked America over good, who ya gonna blame? “George BOOSH”!
Catchy indeed. That Boosh guy is the most powerful villain in human history I tell you..
Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.
The National Federation of Independent Business’s index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said.
The share of business owners who say now is a good time to expand is three times the average of the current expansion, according to the NFIB’s data. More companies also said they plan to increase investment and keep hiring, which reflects optimism surrounding President-elect Donald Trump’s plans of spurring the economy through deregulation, tax reform and infrastructure spending.
“We haven’t seen numbers like this in a long time,” Juanita Duggan, president and chief executive of the NFIB, said in a statement. “Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”
The NFIB report was based on a survey of 619 small-business owners through Dec. 28. Small companies represent more than 99 percent of all U.S employers, according to the U.S. Small Business Administration. A small business is defined as an independent enterprise with no more than 500 employees.
What could the parallel with 1980 and today be? What changed? It feels like it is on the tip of my tongue and explains why a specific group of people is going batshit crazy right now. I bet the dnc operatives with bylines will do their best to ignore or downplay, and when forced to deal with it, blame racism of the American people and the greed of the entrepreneurial class.
UPDATE: In case it escapes you, things like the revelation in this article are precisely why the left has gone unhinged. Nothing is more dangerous and frightening to them and their narrative/agenda than things getting better. Especially since Trump – be it through action or inaction, deservedly or otherwise – gets credit. After all, even a mediocre Trump presidency will be better than what we have had, putting the last 8 years and the fake stories of how great things have been, in perspective.
UPDATE 2: As I posted in the comments people fucked over by decades of collectivist criminal rule, are wishing they had a Trump. Of course, those that need to pretend this isn’t something damning and a result of decades of failure of the globalist collectivist agenda/movement, are now deflecting by pointing out that butthurt leftists think this will give California the push it needs to secede or Hawaii the push to ask for independence. I laugh at this idiocy. These are the same people that promised to move to Canada if Trump won, and so far none of them are packing. I also want to stress how unpatriotic, un-American, and downright vile and subversive talk like this was when the turds though Clinton was a sure thing. Now, it’s the opposite. Double standards and lack of shame, something something.
The left is not just downright in denial, but going nuts and flirting with going violent. The refutation of their quasi-religious dogma, by people they look down on and hold the lowest of possible opinions of, of all things, has left them with an existential crisis. They thought after Obama’s win that it would only be team blue that would win elections going forward. After all, they were busy rigging the game to make it so. The shit they believe in, no matter that it always fails and ends in disaster, was the wave of the future. Their religion had defeated the infidels and their crazy belief that reality and the laws of economics, human nature, and physics couldn’t be bent by delusional beliefs, had not just been validated, but it was the global consensus! The right was dead. Collectivism had won. After 8 years of this shit and a world left in flames by the left and its policies, along comes a guy that is totally un-PC, plays by their rules, actually believes the shit Obama used to say about hope and change to just win elections, plans to act on making it so (by of all things rolling back the damage done by Obama), and couldn’t be brought low by the usual tactics and the cabal between the DNC and their operatives with bylines. They lose, and the trend seems to be global in movement. And it has unhinged them.
Trump, a guy I used to hold a so-so opinion of before the left clearly drove me into his camp, is an existential threat to them. They can’t let him succeed, because that would be even more of a validation that their shit is broke. It will now get ugly, and these people will try hard to pretend they hold the moral high ground (that’s why Trump is Hitler), but every time they open their mouth or act, more people see the light. Oh, how sweet the tears and pants shitting of the moronic!
I was saddened today to find out that one of the writers and great minds I most respect has decided to call it quits:
Even the best things come to an end. After enjoying a quarter of a century of writing this column for Creators Syndicate, I have decided to stop. Age 86 is well past the usual retirement age, so the question is not why I am quitting, but why I kept at it so long.
It was very fulfilling to be able to share my thoughts on the events unfolding around us, and to receive feedback from readers across the country – even if it was impossible to answer them all.
Being old-fashioned, I liked to know what the facts were before writing. That required not only a lot of research, it also required keeping up with what was being said in the media.
During a stay in Yosemite National Park last May, taking photos with a couple of my buddies, there were four consecutive days without seeing a newspaper or a television news program – and it felt wonderful. With the political news being so awful this year, it felt especially wonderful.
This made me decide to spend less time following politics and more time on my photography, adding more pictures to my website (www.tsowell.com).
Looking back over the years, as old-timers are apt to do, I see huge changes, both for the better and for the worse.
Sowell was a genius. I will miss reading him because he was brilliant and able to convey great thoughts with few words. The wisdom share by this man helped me breakdown and understand many of the things I intuitively knew where wrong with the direction the world was taking. His wisdom will be missed, especially in these times when the lunatics are pissed they are losing control of the asylum they have run into the ground and are acting out on it.
Let me leave you with one of my favorite quotes of his:
Thank you for your wisdom sir.