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Thursday, October 31, 2024

Here Is THE Closing Argument - by Karl Denninger

How old are you?

I'm assuming the people reading this are adults.

How certain, when you're old, are you that you will need exactly nothing from anyone.  No money, no personal care, nobody to wipe your ass when you can't?  Nobody (or damn few) people paying taxes to cover things that you might need but no longer can go out and earn on your own.

How sure?

Because that's the bet in this election.

You see, one view is that wide-open borders, "nobody is illegal", everyone who comes gets $2,000+/mo without working a single day for any of it, skills are immaterial, desire is immaterial (other than to consume the $2,000) and more.  This position, in larger and larger amounts, starting with "your strawberries will go up 25 cents a pint if you don't let them in" then "you won't be able to get your roof done" and now "any Haitian can come" has driven a collapse in women willing to give birth and raise another generation.

You think not?

How many 18 year old young women see their grandma getting $1,500 a month from Social Security, $300 is deducted from that for Medicare (in its various parts including "D") so they get $1,200 a month to spend in total -- and its taxable -- while every illegal immigrant that comes in gets $2,000 a month tax free and then contemplate their future if they decide to have a kid with their boyfriend (hopefully future husband)?..................

Read full text: https://market-ticker.org/akcs-www?post=252270 

How about the "need" for a two-income home to be able to afford to live?  What happens if you have a kid and then one of you loses your job?  Can you really have it all?  No, but you can live on the edge of disaster all the time and guess who advanced THAT shit in American Society?  Obama, Biden and HARRIS.  Think not?  How does your grocery bill, rent and car insurance over the last three and a half years compare with the raises you've received?

The entire budget deficit and thus the inflation in the economy is all, right now, in CMS.  That's Medicare and Medicaid.  Obamacare was an attempt to bail out the medical system on your back and you bought it.  So a drug-addled individual shooting up heroin could have "free" medical care you got screwed with a 500% cost increase for shittier coverage and don't tell me you didn't because I used to buy it both for my employees and then when I sold the company I had to buy it personally for myself and my daughter when she was a child.  Let me put HARD NUMBERS to this for you: There was not a single college-age adult working for my firm that had a rated cost (yes, every single person was individually rated) over $100/month, most were well below that, and it was pretty darn good health insurance.  That wasn't the employee's cost, it was THE TOTAL COST and I know what it was for every individual employee because I wrote the checks.   Go find and ask one of the people who worked for me what the payroll deduction was for individual health insurance -- it was $15/pay period. Why?  Because ERISA mandates I cannot take more than half nor can I discriminate and deduct different amounts per-person or I lose above the line tax deductibility so there is your proof right on the check stub; most of those young people's all-in cost was under $75/mo.  In exchange for being "compassionate", which you were sold, the price you pay quadrupled, the coverage went to shit with most plans now requiring a several thousand dollar a year deductible and at the same time we added 20 million illegal immigrants that are also have THEIR medical costs in your bill because they pay ZERO.  What's worse is that what you got was more grift and scam -- not better health.  Look at the size of Americans over the last 25 years and tell me it got better!  It has gotten much worse!

The same thing happened after Obama federalized all student loans.  College costs skyrocketed in the 15 years since continuing the pattern of the previous two decades and now Harris' plan is not to punish the colleges who sold your kid a worthless degree for $200,000, an act of abject fraud, but to try to shove the cost up your ass as a taxpayer.  This, if she was to succeed (the USSC has blocked it but Harris and Biden have ignored the decision) would simply make college even more expensive since they would still have zero accountability for screwing your kid.

Why do you think all those colleges and professors endorse Harris when she is all-in on them being able to continue to rape your wallet AND THAT OF YOUR CHILDREN?

How about the unbridled fear being run about throwing out all the illegal aliens and dispatching all the government waste, which is likely at least a third and maybe half or more of all government spending and jobs?

Well, do you like higher prices or lower prices?  Do you want to be able to afford a house and are you a citizen?  Do you like higher or lower grocery bills, car prices and everything else?

Supply and demand is not a suggestion and every government dollar spent is in fact a tax whether its directly leveled on you or it is indirectly leveled through inflation when the government spends more than it taxes.  If you get rid of a large part of demand prices go down and not a little.  If you remove taxes by deleting government spending for which there is no benefit other than a government employee getting paid to do nothing of value then once again prices will go down -- and again, not a little.

Will doing that (presuming a candidate was to actually do it) result in a short-term dislocation in the economy?  Of course it will.  But the wild-eyed improvement and opportunity that will be created by doing so will also flood business back to the US where it formerly made sense to offshore and those lower costs across the board will very-rapidly result in a huge economic boom.  If you think not look at 1920/21 when all sorts of insane inefficient crap happened in the years right after the war and rather than bail anyone out or force taxpayers to eat it Coolidge and The Fed said "nuts!"  There was a huge economic dislocation but within 18 months all the lost jobs were regained and the largest economic growth EVER RECORDED in American history occurred.......

....The future has no kids except those born to people who can't think and don't care (thus will not be taxpayers on net), no tax base, no money and if the government keeps emitting credit in their vote-buying handout schemes to millions of illegal immigrants and their cronies in industry, particularly the health industry, inflation will destroy you and ruin the value of your assets, interest rates will skyrocket and there will be no health care available at all or anyone to wipe your ass since there will be no children and thus nobody to do it.

And let me be clear: There is no solution to the problem of falling child-bearing rates other than to change the incentives for higher-intelligence, more-discerning men and women.  That means we had better stop demonizing those in that category AND we had better, right now and permanently, restore merit-only consideration for all things, stop putting American citizens BEHIND others and stop forcing Americans to pay other people's bills -- including those who make poor personal decisions, and not on a political lark either -- as a durable, demonstrably and legally enforceable change in how we conduct not just business but government right here in the US.  That means dismantling ALL "DIE" policies nationally under pain of prosecution and imprisonment as the unlawful discrimination that it is right here, right now with ZERO exceptions whether in government or private industry......

.....You cannot force people to build families, you can only incentivize them to do so.  You threaten to and do screw kids down the road because of their race or sex -- specifically because they're white, male or worse both -- and thinking adults will refuse to have children.

They are doing exactly that.

In test after test for the last 3-1/2 years Harris and Biden have gone even further and put non-citizens ahead of Americans.  They have done it repeatedly, maliciously and without a care in the world.  Tens of billions have been spent housing "migrants" who broke the law to enter the United States at $300+ a night while zero has been spent housing American citizens displaced by natural disasters.  Billions have gone to Ukraine and Israel while the people in NC who got trashed by a storm are left with literally nothing and in fact have been stonewalled in their attempts to merely survive and rebuild their lives.  Rather than send in the ACOE and Seabees to get roads and makeshift bridges back in place on an immediate basis so recovery supplies can reach these people coal miners from West Virginia showed up with their own equipment and fuel and did what the government said would take six months to a year in three days, several other groups of "hillbillies" with their own equipment took the wreckage and fashioned multiple makeshift but serviceable bridges so relief supplies can flow into the impacted areas and thousands of ordinary Americans in fact did and still are buying and delivering said supplies on their own despite the government actively discouraging and in a few cases attempting to prohibit same.  This is a continued pattern of deliberate "fuck you" toward Americans by Harris' administration and her personally while at the same time we are feeding supplies and money to a war their party was involved in starting all the way back to Maidan when Obama was in office along with millions of illegal aliens they have unlawfully allowed to enter and remain in the United States.

I don't know that Trump -- and perhaps Vance after him -- will fix any of this.  I remind you that he did promise to neuter the medical monster in the 2016 campaign, I didn't believe him, I said so before the election in my column and literally on election night all three platform planks in which he made said promises disappeared.  I watched it happen in a bar in Pensacola at an election night watch party with my laptop on the table.

To be crystal-clear: I do not like Trump, I wrote dozens of articles during the 2016 campaign and over his four years as President critical of him and his administration and I'm unconvinced on Vance.  Trump bears full responsibility (and he has refused to address or take responsibility for any of it) for the catastrophe of the first year of Covid and his bullshit literally killed people -- and a lot of them too, specifically with the bonus structure he put into CMS, ventilators and Remdesivir.  He also failed to prosecute any of the states that shoved sick older people with Covid into nursing homes and thus slaughtered the other old and frail residents in said places.  That absolutely was a federal offense on several levels including, because most of those people were on either Medicare or Medicaid, federal fraud in the context of those programs.  He had every ability to throw thousands of people in prison for that crap and didn't so much as lift a finger, never mind "Warp Speed" which we now know was a disastrously bad policy that Biden and Harris turned around and demanded you be needle-raped with after, during the 2020 campaign, stating they believed it was dogshit.

But what I do know is that Harris has vowed to make every bit of public health, energy stability, immigration, and the economy worse never mind deliberately fucking over Americans while providing "help" to illegals along with other nations and over the last 3-1/2 years along with Biden SHE'S DONE IT so its not empty rhetoric or a campaign slogan -- its a realized and clearly stated goal she has been executing on, WITH MALICE, for nearly four years already.  And Harris has presided over record deficits -- and climbing, along with record inefficiency; Harris and Biden did not send in the Seabees and ACOE after Helene to put up temporary bridges and roads into the trashed areas, claimed it would take until next spring or later to make progress and a bunch of hillbillies reconnected Bat Cave and Chimney Rock using their own equipment and fuel in three days.  You paid for ALL of FEMA, the Seabees and ACOE in the form of HIGHER PRICES for everything while a handful of unpaid hillbillies with their own gear got done in three days what the government didn't even try to begin and thus demonstrated conclusively that in this regard government wasted the money and didn't do the job.

If America votes to fuck itself by electing Harris do not complain for the next four years because all you will get from me is a middle finger in response since you will be receiving exactly what you voted for and the record is clear and on the table for anyone with a room-temperature IQ who cares to look.