Dec152021

Episode 465 – Republicans Puss Out Again

Republicans puss out on the debt ceiling.

Prices are sky high and it’s all part of the plan.

And Germany is now going insane.

 

There Goes the Debt

Congress approved a $2.5 trillion debt ceiling increase, ending months of debate between Democratic and Republican leadership.

The New York Times reported:

Democrats were united in support of the measure, which passed the Senate 50 to 49 along party lines on Tuesday afternoon and then cleared the House in a 221-to-209 vote shortly after midnight on Wednesday. Republicans opposed the legislation en masse, with only one, Representative Adam Kinzinger of Illinois, voting in favor. The bill now heads to President Biden, who was expected to quickly sign it.

The swift action came a week after party leaders announced a deal to establish a one-time fast-track process to increase the debt ceiling with a simple majority vote, instead of the 60 votes needed to move most legislation through the Senate.

I’m against raising the national debt limit because is non-sensical. Basically, we are paying off our credit card by getting the maximum balanced on that credit card to make our credit card payment.

Let’s take a look at the national debt.

It is currently at $28.9 trillion. If you divide that by the 100.5 million households that pay taxes (100,424,240) that comes to each family needing to make up $287,859 per family. Don’t forget, the government produces nothing, makes no money. They only spend. When the government says “they have to pay our bills” they pay nothing. They take it from us and we pay for it.

This is why I don’t want to government raising the debt ceiling. I want them to stop spending. Like us in real life, the government needs to be fiscally responsible. Unfortunately, there are going to be consequences. But, guess what? Those consequences are going to happen no matter what.

That $287K is going to have to be paid. Either we do it now or our grandkids will do. We are going to default eventually. We are going to have to cut our spending. It is looking like we’re going to end up in austerity which means China is going to be making decisions on our economy.

I’d rather do it now so I suffer and not me grandchildren.

https://www.dailywire.com/news/national-debt-now-287859-per-household-as-congress-raises-debt-ceiling
https://www.dailywire.com/news/congress-gives-final-approval-to-2-5-trillion-debt-ceiling-increase

 

Going Up and Up and Up

On Friday, the Bureau of Labor Statistics revealed that consumer price inflation in the United States has reached a rate of 6.8% — the largest year-over-year increase since June 1982, as well as the sixth straight month in which inflation remained above 5%.

If you think that’s bad, businesses are getting killed. It has been found that wholesale prices, those are the prices businesses pay to provide us goods, are up a whopping 9.6%. What does that tell you is that businesses are losing money.

Ben Ziesloft of the Daily Wire had a list of products that are going up.

  • Gas — 58.1%
  • Used vehicles — 31.4%
  • Hotels — 25.5%
  • Meat, poultry, and fish — 13.1%
  • Furniture and bedding — 11.8%
  • New vehicles — 11.1%
  • Domestic services — 10.2%
  • Jewelry — 6.7%
  • Electricity — 6.5%
  • Food — 6.1%
  • Apparel — 5%
  • Milk — 4.6%
  • Fruits and vegetables — 4%

The AP reported:

45% of American households report that recent price increases are causing their family some degree of financial hardship. Ten percent describe it as severe hardship affecting their standard of living, while another 35% say the hardship is moderate…

Lower-income households are most likely to have experienced financial hardship due to price increases. Seventy-one percent of those living in households making less than $40,000 a year say that recent price hikes have caused their family financial hardship. That compares with 47% of those in middle-income households and 29% in upper-income households.

That’s who inflation hurts. The poor. They need their money to go further.

The Biden administration has no answers for this. At first they said the economy was getting better. Then prices kept going up. Then they said it was transitory. The prices kept going up to the point we know a lot of this is permanent. Then they said it was fine because wages were going up. But rising wages turned out to be 3% behind inflation.

Well, Jenn Psaki is coming up with the new excuse:

That’s right, it’s the evil Big Meat industry is greedy. They are saying the same thing about the car industry. Here’s the problem with this argument:

  • Prices are not determined by greed. They are determined by supply and demand.
  • If prices were determined by greed, another company producing the same product would corner the market by lowering prices.
  • She says the same thing about the car industry. Why are used cars up in price too?
  • Also, is every industry greedy? Everything is up.

This is not a conspiracy theory. I’m going to prove.

Inflation is done on purpose. It is part of AOC’s Green New Deal. It is the way that the Biden administration is going to change the way our economy works which is what was promised in 2020.

Let’s look at this and compare it with the news or my past podcasts:

  • Cost of gas, cars, used cars, hotels – Barrack Obama told us to change our habits when it comes to travel. AOC said we need to stop using fossil fuels.
  • The price of meat and milk are up because cows fart, according to the Green New Deal.

This is part of the deal. That’s why people like Bernie Sanders and Alexandria Ocasio-Cortez are saying that inflation is not much of an issue. That’s why the media is saying that it’s not much of an issue. The media tells us we should lower our expectations and change the way we live life. That’s why they keep pushing climate change. Because our suffering is to save the planet.

Good news! People aren’t going to tolerate this. The Leftists are going to find this out at the ballot box next year, especially when they tells us we should not travel to see our families on Christmas because of the China virus.

https://www.dailywire.com/news/gas-up-58-meat-up-13-inside-the-newest-record-breaking-inflation-report
https://www.dailywire.com/news/corporate-greed-psaki-blames-big-meat-for-soaring-food-prices
https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html

 

Just Silly

Germany is going insane.

According to CNN Business:

A man who slipped down the stairs and broke his back while walking from his bed to home office can file a claim on his employer’s insurance after a court in Germany ruled that he was commuting at the time…

The man, an area sales manager working for a company identified only as “R-GmbH” was on his way to work “from his bedroom to his home office one floor below,” when he slipped and fractured a vertebra, according to a statement issued by the court on Wednesday.

His employer’s insurance initially refused to cover the claim.

But because he was walking down the stairs, for the first time that day straight to his home office, the court considered his journey to be “insured as an activity in the interest of his employer, as a commute to work.”

Now walking from one room to another is considered commuting and is covered by the business that you work for.

This is happening

https://www.dailywire.com/news/german-court-rules-that-moving-from-bed-to-home-office-counts-as-commuting-man-gets-workers-comp-for-slipping-down-the-stairs