Daily Archives: 21 June 2024

Spending vs Revenue

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…in the Progressive-Democratic Party’s world.

The Wall Street Journal‘s editors have this one right.

CBO projects that this year’s budget deficit will clock in at roughly $2 trillion, some $400 billion more than it forecast in February and $300 billion larger than last year’s deficit.
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Notably, CBO’s revenue projections are little changed. Revenue is expected to total 17.2% of GDP this year—roughly the 50-year average before the pandemic….

So, whence the deficit explosion? Plainly, it’s in all that spending that the Progressive-Democrat President Joe Biden and his Party syndicate in the House and Senate insist on doing.

CBO significantly revised up projections for federal spending. Outlays are now expected to hit 24.2% of GDP this year and average 24% over the next decade. Wow.

Mind you, that’s against a steadily, if slowly, growing GDP. That projection means that Party spending will be growing, too. All while revenue remains steady—which is to say, flat/not growing.

This is the politicians of the Progressive-Democratic Party’s utter inability to say “cut spending,” which plays into their inability actually to cut spending. After all, the money, in their minds, isn’t real; it’s only monopoly money, and if they need want more dollars, they have only to go to their Modern Monetary Policy money tree and pick more dollar bills from the branches.

The reality, though, is that the money Progressive-Democrats demand to spend is our money. Those politicians have no skin in the game beyond their political power. The skin us average Americans have in this game is real: our ability to get along in the real (and real economic) world in which we live, having as we do, only those real dollars that Party policies steadily devalue.

We need to remember that this November.

Lies of Teachers Union Managers

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This one comes from the Chicago Teachers Union President Stacy Davis Gates. She told WBBM‘s Political Editor, Craig Dellimore, in their Sunday interview,

Conservatives don’t even want Black children to be able to read. Remember, these same conservatives are the conservatives who probably would have been championing Black codes, you know, during reconstruction or thereafter. So, forgive me again if conservatives pushing back on educating immigrant children, Black children, children who live in poverty, doesn’t make my anxiety go up. That’s what they’re supposed to say. That is literally a part of the oath that they take to be right wing.

Not so much. Pushing for alternatives to public schools—voucher schools, charter schools, pods, homeschooling—is what Conservatives do explicitly to make it possible for black children, other minority children, all children trapped in failing public schools to learn to read and to learn to do arithmetic.

Conservatives championed Black codes during Reconstruction? Apparently, Davis Gates is a product of her public school American history: she’s utterly ignorant. It was the Democratic Party that was creating Black codes during Reconstruction—and that created the Ku Klux Klan to prey on freed Blacks and their White supporters—and it was Party that pushed for gun control laws aimed at keeping those same Blacks and White supporters unarmed and helpless against the KKK.

Now Party is adamantly opposed to those alternative schools, and Davis Gates is right there with them, doing her best to keep black children, other minority children, all children from learning much of anything by keeping them trapped in those public schools.

Davis Gates is just one more example of the intrinsic dishonesty of teachers unions and of the failure of public schools, including in Chicago.