COMMENTARY FROM jeffmoskin

[jeffmoskin]

Well we do need a government, and DC is where they put it.

[thelivyjr]

That is not a government in D.C. ...

Not even close!

It's a collection of bottom feeders, lickspittles, lackeys, morons, fools, idiots and mouth breathers posing as a "government" ...

Baboon troops and people in Zimbabwe and Haiti have far better "government" than we do ...

[thelivyjr]

Well we do need a government ...

That's right!

We do need one ...

Too bad we don't have one ...

[thelivyjr]

Well we do need a government, and DC is where they put it.[/size]

It's not a question of where they put it ...

It is a question of who they chose to put in it ...

That is what R.H. Lee was talking about - those who are the enemies of Republican government and the dear friends of tyranny and corruption flocking to the federal city no matter where it was placed ...

And so they have, amassing incredible power in the process so that we are stuck with them like a boat anchor around our necks as we try to swim our way through life ...

Are we better off under Joe Biden?

HELL NO!

Unless you are a rich Democrat ...

[jeffmoskin]

If you don't like them, vote them out.

[thelivyjr]

And you know as well as I do the impossibility of doing that, especially where only a literal handful of states elect the president, the losers in the house are voted for by district, and it takes HUGE COIN to run for the senate which is why bottom feeders like Charley "CHUCK" Schumer run unopposed ...

"If you don't like them, vote them out" sounds good in theory, but today, it is nothing more than a trite saying ...

If I had the power to vote them out, I would have used that power in the first place to keep them from even getting in ...

[jeffmoskin]

Unfortunately, that's the only tool we have. And the best way to combat all the TV ads paid for with unlimited Citizens united money is to turn the damned thing off.

[thelivyjr]

THE CAPE CHARLES MIRROR MAY 23, 2023 AT 10:49 PM

Recapping events in here, this was American dictator and autocrat Joseph Robinette Biden, Junior on July 19, 2021 in his “Remarks by President Biden on the Economy,” where we had from Joe as follows, to wit:

I’ve said it before, and it’s true: This is a blue-collar blueprint for building an American economy back.

Let me close with this: When I arrived in office, it had been a long time since the government had worked for the people.

Things had been great for big corporations and folks at the top.

Our economy has come a long way over the last six months.

We can’t slow down now.

We can make this boom we’re experiencing today one that will ensure that all Americans have an opportunity to share in it for years to come.

And we can show the world that American democracy can deliver for the people.

I look forward to continuing to build this economy.

And I’m incredibly optimistic about what we’re going to be able to build together in the next six months and the years to come.

Thank you all for listening.

May God bless you.

end quotes

And this is economic reality today in America for those of us who are not rich and well-to-do Democrats, to wit:

MoneyWise

“US household debt just hit a record high of $17 trillion — while credit card balances are up nearly 20% compared to last year.”

Story by Serah Louis

21 MAY 2023

U.S. household debt surged to a record $17.05 trillion, with consumers owing $986 billion on their credit cards in the first quarter of 2023, the New York Fed reported May 15.

Credit card balances are also up nearly 20% from last year, according to a separate report from credit reporting company TransUnion on May 11.

“As inflation rose to near 40-year high levels, many consumers have used credit to help manage their budgets, leading to record- or near-record high balances,” Michele Raneri, vice president of U.S. research and consulting at TransUnion, said in a press release.

****************

MarketWatch

“Americans are not paying off their credit-card debt. We should be concerned.”

Story by Quentin Fottrell

21 May 2023

Credit-card balances hit $986 billion in the fourth quarter last year and remained largely unchanged in the first quarter of this year, the Federal Reserve Bank of New York said in its most recent quarterly report on household debt.

It looks increasingly likely that credit-card debt is on track to hit the $1 trillion mark this year, and experts say that this number could be an indicator of a looming economic downturn.

This has raised eyebrows among some observers, because people typically pay off their debts from the holiday season in the first quarter of the year.

That did not happen this year.

“Although inflation is slowing and wages are starting to rise, inflation is still squeezing people’s budgets,” said Mary Eschelbach Hansen, a professor of economics at the American University in Washington, D.C., and author of “Bankrupt in America: A History of Debtors, Their Creditors, and the Law in the Twentieth Century.”

“It seems likely that part of the fourth-quarter run-up in balances went towards groceries and other everyday bills rather than holiday expenditures, and folks are having a harder time paying that back,” she said.

Others shared her concerns.

“I see several worrying trends here,” said Ted Rossman, senior industry analyst at Bankrate.com.

“Credit-card debt is something that’s easy to get into and hard to get out of.”

“More people carrying balances at higher rates for longer periods of time is definitely a bad combination.”

“We’re seeing more people financing day-to-day essentials on credit cards.”

Interest rates are also making it more difficult for people to pay off their cards.

“The average credit card charges a record-high 20.33%,” Rossman noted.

“We also see more people carrying balances and holding onto them for longer periods of time.”

“All of this says a lot about the K-shaped economy: Basically, the rich get richer and the poor get poorer.”

end quotes

Exactly as Joe Biden planned it, people – we are nothing more than cash cows to be milked for all we are worth.

But stay tuned because this sad story of the fleecing of the American people does not end there!

http://www.capecharlesmirror.com/op-ed- ... ent-803006

It is a tool that has been rendered useless and worthless by the two corrupt political parties whose sole existence is to feed off of us so they can live a life of ease and luxury unavailable to those who are not party cadre, and so, are mere cattle to be milked, and milked often ...

[jeffmoskin]

Oddly, we are faced with a horde of migrants trying to come here.

Is China?

Russia?

[thelivyjr]

They have far better border security than we do ...

And they don't provide welfare and free college and the right to vote to illegals the way we do ...

Nothing to be proud about from my perspective, anyway, how we are being overrun with illegals while China and Russia, far better governed than we are, are not getting overrun because they are better governed, especially the Chinese, who have been a nation and people far, far longer than there has been a US ...