Tag Archives: spending

Some Progressive-Democrats…

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…are beginning to rue the consequences of their Party’s no borders policies. But only a couple seem willing to say so out loud. The Chicago City Council’s Budget and Government Operations Committee voted 20-8 to move Progressive-Democrat Mayor Brandon Johnson’s wish for $70 million for illegal alien support to the Council floor for debate and voting up. (Aside: is there political featherbedding here? 28 Council members on the Budget Committee out of 50 members on the whole Council.)

Progressive-Democrat 29th Ward Alderman Chris Taliaferro is one of only two of those eight willing to demur from this vocally.

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Timid is as Timid Does

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Progressive-Democrat President Joe Biden is upset that Russian President Vladimir Putin attacked, again and extensively, Ukraine’s power infrastructure. He said, through his National Security Council’s Spokesperson Adrienne Watson,

This bombardment—part of a series of Russian attacks on Ukraine’s critical infrastructure— is a terrible reminder of Vladimir Putin’s efforts to break the spirit of the Ukrainian people and plunge them into darkness[.]

Here is our President yapping like a porch dog from the safety of his NSC porch, along with (to mix metaphors) furiously wagging his finger at the barbarian.

While doing precisely nothing material to help the Ukrainians.

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Subscriptions

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A Wall Street Journal Finance writer wrote an article bragging about how all the subscriptions he had that he canceled pays for his lease on a Tesla Model Y. The key takeaway for me was the vast number of subscriptions this Finance writer had accumulated. This screen shot shows the large number of subscriptions that he canceled (or in the case of SiriusXM, the price cut that he negotiated):

And he still has all of these sucking money.

We still have Disney+, Hulu, Max, the language-learning service Duolingo and, of course, Spotify. We get three print newspapers delivered and many more digital news subscriptions.

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Costly Support

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A bunch of Republican Congressmen object to the increasing cost of the US’ support for Ukraine’s fight against the Russian barbarian, and barbaric, invasion.

From the WSJ‘s front page teaser to the article:

Some lawmakers and a growing share of the American public are skeptical about how much US taxpayers should continue to fund Ukraine’s defense.

It’s a valid concern, but those Republicans are missing the larger problem. The cost has been, to a very large extent, artificially inflated by the Biden administration’s conscious decision to slow-walk, and on too many occasions to outright bar, delivery of the weapons Ukraine needs at the time the Armed Forces of Ukraine needs them and in the amounts the AFU needs them so they could defeat the Russian invasion and drive the barbarian back out much more promptly.

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Oil Buyback

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Progressive-Democrat President Joe Biden now plans to buy 2.7 million barrels of oil to put back into our oil strategic reserve.

Couple things about that.

We had 630 million barrels of oil in our strategic reserve before Biden took office and started selling it to the People’s Republic of China while claiming he was doing it to slow the gasoline price inflation his spending was causing. As recently as 24 November last, our reserve was down to 351 million barrels. According to my second grade arithmetic, that means Biden had reduced our reserve by 279 million barrels in just those two years and 10 months. My third grade arithmetic tells me that those 27 million barrels he’s buying for the reserve is just 1% of what he’s taken out of it. Which makes buying that oil an insulting effort to distract us with his pretense of refilling our reserve after his dangerous reduction.

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Heat Pump Efficacy

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I’ve mentioned earlier the level of energy efficacy of heat pumps. Here is an example of the level of fiscal efficacy of heat pumps. The fronted lede:

A two-year project to convert a public housing building to an electrically powered heat pump system is nearing completion on the Upper West Side. The 58-year-old 20-story tower at 830 Amsterdam Avenue (100th Street), part of the New York City Housing Authority (NYCHA) Frederick Douglass Houses development, is being retrofitted to provide heating, cooling, and hot water for residents—and to serve as a possible template for converting more of the 2,410 buildings NYCHA maintains citywide.

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I Have a Thought

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(Yeah, yeah)

The Energy Department’s Office of the Inspector General says that the Department

faces major management challenges ranging from hacking vulnerabilities to foreign espionage and could create “massive new risks to the taxpayer” as it spends tens of billions of dollars in new spending from President Joe Biden’s signature infrastructure initiative[.]

The OIG goes on to say that the fraud risk is similar to the realized fraud from the Federal government’s Wuhan Virus Situation (my term, not OIG’s) spending, where taxpayers now lost an estimated $200 billion government wide.

The OIG also noted that

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Disregard and Pass Their Own

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DoD has submitted a budget request that includes $114 million for diversity, equity, and inclusion claptrap [emphasis added].

The Defense Department’s fiscal year 2024 budget request shows the federal agency’s emphasis on diversity, equity and inclusion, including “ensuring accountable leadership with continued emphasis and investments in sexual assault and harassment prevention, suicide prevention, Diversity, Equity, Inclusion and Accessibility (DEIA), and Insider Threat Programs.”
The DOD document shows that DEI is at the forefront of DOD policy.
[The request said] The Department will lead with our values—building diversity, equity, and inclusion into everything we do[.]

And this:

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So It Should Be with General Infrastructure

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The subheadline outlines part of the problem:

Companies often need to show progress to get government cash but struggle without it

In the body of the Wall Street Journal article at the link is this:

Some of the companies are in Catch-22 situations. Washington won’t issue them loans until they raise outside money and move ahead with projects.

It’s true enough that big, established companies are better able to game the situation. It’s also true that high interest rates—especially after an extended period of no- to low rates—and inflation have hurt, but these only emphasize my point in this post.

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Federalism and State Taxes

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A Wall Street Journal editorial opens with this:

One great benefit of America’s federalist Constitution is policy competition among the states. Voters in Florida don’t have to live under New York’s laws, and Americans and businesses can vote with their feet by moving across state lines.

The editors proceeded to a description of State-level tax laws and the mobility of us Americans and our businesses in leaving States with high taxes in favor of States with, often markedly, lower taxes. But that lede overstates the case.

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