Fiscal Management

In Tuesday’s Progressive-Democratic Party primary debate, Joe Biden made the claim that he couldn’t afford child care in 1972 on his then-income of $42,000/year.

Jan Brewer, ex-governor of Arizona, had a thought on that via Twitter:

“Jan Brewer @GovBrewer · 12h
“Biden just said he couldn’t afford child care in 1972 when he was making $42,000/yr. Today, that’d be $256,000/yr.  Really Joe?  If you can’t run your own household efficiently, I don’t think you can run our country!

“Vote @realDonaldTrump!”

She used an inflation rate of a bit over 3.5% to get there. I used an inflation rate of 3% to get a bit under $174,000. Over that long time frame, inflation rates bounce around; our two estimates, though, effectively bracket the situation.

Brewer’s point is eminently valid. If Biden can’t hack his own household budget, how can he be expected run our nation’s budget?

Oh, wait—the Progressive-Democrat thinks that, as President, he’ll be able to give himself a raise at convenience through tax increases and to borrow at will because…government.

Empty Rhetoric

More of it, this time from European signatories of the failed-at-birth Iran nuclear weapons deal. Iran has announced that it’s going to disregard entirely the deal’s limits on Iran’s production of weapons grade uranium, and in response, Britain, France, and Germany have said they’re going to trigger the dispute resolution mechanism that’s written into the deal.  That mechanism, on a finding of serious violation, involves getting the UN Security Council to reimpose UN-originated sanctions on Iran.

Of course, Britain, France, and Germany know full well that two other members of the Security Council, Russia and the People’s Republic of China, will veto any meaningful resolution, making the three’s decision meaningless chit-chat, intended for nothing more than dishonest virtue signaling (excuse the redundancy). The three also said, in the same statement, that

they weren’t joining Washington’s “campaign to implement maximum pressure against Iran.”

And so the three continue to duck away from meaningful action against a nation that attacks its own people, funds and instigates terrorism around the Middle East and Europe, and is bent on getting a nuclear weapon with which to “wipe Israel from the map.”

Hmm….