What Biden’s Border Policy Has Accomplished

Here’s the flow of fentanyl into our nation that President Joe Biden (D) and his administration is so actively permitting with his No Southern Border policy. (For both graphs, Left-Click|Open-in-New-Tab to get a larger view.)Nor is the death and destruction limited to our southern border States.

Biden is permitting the attacks throughout our nation with his refusal to deal with our southern border.

Beyond that, it’s not just the Mexican drug cartels that the Biden administration is actively allowing to flood our nation with fentanyl through his policy. The cartels are getting, free-flowingly and cheaply, the precursor chemicals for manufacturing fentanyl from the People’s Republic of China.

Not only is the Biden administration refusing to secure our border—especially against the importation of this murderous drug—the Biden administration is refusing to take action against the PRC to put an end to its active role in poisoning Americans.

How Much

Progressive-Democratic Party politicians constantly and loudly insist that they need to raise taxes so that the rich actually pay their fair share.

Here are some data on what Americans actually pay at various levels of tax remittances.Notice, too, that the Federal Poverty Guideline for a family of four in 2020 was $26,200 for the Lower 48 and DC.

And there’s this, showing the progressing progressiveness of our tax code.Even as that marginal tax rate has come down, the percentage of total income taxes paid by those Evil Rich has gone up.

This is why those Progressive-Democrats steadfastly refuse to say how much is that “fair share,” whether in dollars or in rates.

I Agree with the Progressive-Democrat

California Congresswoman Rosa DeLauro, the Progressive-Democratic Party member who chairs the House Appropriations Committee, claims she’s open to a tax cut deal.

Our ask is simple: if we can provide tax cuts for America’s corporations, we can certainly provide a tax cut for America’s kids[.]

I agree, and it is a simple ask. Provide the tax cut for America’s kids by reducing the personal income tax rates their parents have to pay.

Sadly, DeLauro isn’t at all serious.

Cost Is Too High?

Ukraine President Volodymyr Zelenskyy’s terms for negotiating with Russia an end to the barbarian’s invasion of is nation begins with the barbarian being driven completely out of Ukraine. Which raises a question that shouldn’t even be a question.

[P]ushing Russian forces out of the entrenched positions they hold in more than 15% of Ukraine’s territory will require an even greater flow of military support—possibly more than the West is willing and able to bear.

This timidity is especially rampant in President Joe Biden’s (D) administration.

Secretary of State Antony Blinken told The Wall Street Journal last Monday [4 December] that the US would support Kyiv in recovering territory Russia has grabbed since launching its large-scale invasion on Feb. 24, suggesting that Washington might not back Ukraine militarily in retaking areas that Russia seized in 2014, including the Crimean Peninsula.
Other Ukraine allies are adamant that Kyiv must win back all its lands.

Those others are correct, and it’s especially embarrassing that our own administration doesn’t understand that. Sweden’s Foreign Minister Tobias Billström put the matter succinctly:

Anything less than a Russian defeat in Ukraine will embolden Moscow and other authoritarian powers[.]

Those other authoritarian powers include the People’s Republic of China and Iran. Encouraging the PRC puts the Republic of China at direct risk as PRC President Xi Jinping has said openly and often that he intends to absorb the RoC into the body of the PRC, and at gun point if necessary. The mullahs of Iran will be encouraged to push their domination over Iraq, and they’ll be encouraged press their Yemen war even more zealously to weaken Saudi Arabia and then to dominate that nation.  Which puts Israel at deadly risk.

Those aren’t the only costs, either. Russian President Vladimir Putin has often said that Ukraine isn’t really a nation; it’s part of Metropolitan Russia, and he intends to erase that nation and absorb it. He’s also said he intends to recreate the Russian empire, which puts the Baltic States, Poland, and the nations on the western shore of the Black Sea at risk. Even what used to be the German Democratic Republic will be at risk. All that’s required is the barbarian’s victory in Ukraine. Even his merely holding the 14 February already occupied oblasts would only encourage him.

Go back to the PRC. Xi’s successful conquering of the RoC would cement his control over the South China Sea and all of its fisheries, undersea oil and natural gas fields, and all the rare earths on the sea floor. It also would give him control over the sea lines of commerce on which the Republic of Korea and Japan utterly depend—and through which at least 40% of the economic value shipped to the US sails.

Biden and his affiliates need to find some backbone vis-à-vis Ukraine. The problem here is, in the end, not a matter of cost—the cost of failure is far greater, and it includes the non-economic cost of the erasure of at least two independent nations from the Earth.

The problem here is the degree of political will.

Economic Failure

An example is in the housing market, provided by this bit in a Wall Street Journal article centered on housing costs as a major component of our current economic inflation. The article suggests, among other things, that housing cost inflation may be abating.

If shelter inflation does drag overall inflation closer to 2%, that doesn’t mean the inflation problem is over. Economists assume increases in rents and home prices will remain subdued, given the slowing economy and high mortgage rates.

Say that the shelter inflation is easing and that it does, indeed, drag overall inflation down. Inflation is a measure of the rate of price increases, it is not a measure of prices themselves. If shelter prices stop rising so fast, the cost of shelter—rent, house purchase (and associated interest rates on those mortgage), rent/housing utilities—and of fuel, food, and on and on all will remain at their current levels; they most assuredly will not fall back.

But those prices must be paid out of a household’s income, and that income—wages and salaries—has increased only at half to three-quarters the rate of inflation. That means that in real, practical, terms, a household has less money with which to pay those costs: a larger per centage of monthly household income will be absorbed by those monthly rent/mortgage payments and those monthly household utility, fuel, food, etc bills than was the case before this inflation explosion.

That’s the failure of the Biden administration’s and Congress’ fiscal policy of throwing trillions of dollars at our economy with no means for it to absorb that money though increased production and productivity. That failure is exacerbated by the Powell Federal Reserve’s monetary policy failure in artificially suppressing interest rates for so long, and in printing dollars like the presses would run out of ink tomorrow through its bottomless purchases of Treasury debt instruments.