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How Did Biden Manage To Lose $300 Billion In Tax Revenues?

Posted By on October 24th, 2023

https://issuesinsights.com/2023/10/24/how-did-biden-manage-to-lose-300-billion-in-tax-revenues/

Friday afternoon, the Treasury Department reported that, despite a growing economy and low unemployment, the federal deficit shot up by $320 billion in fiscal year 2023. That’s unusual. But what’s really bizarre is why the deficit exploded.

According to the report, overall spending actually dropped by 2% compared with 2022 as the COVID-19 spending splurge abated.

What drove up the deficit this year was a sudden and completely unexpected 9% drop in tax revenues. Not only did revenues come up hundreds of billions lower than last year, but they were well below what everybody expected them to be.

At the start of the year, the Treasury Department and the Office of Management and Budget projected revenues for fiscal 2023 at around $4.7 trillion. The Congressional Budget Office figured it would be $4.8 trillion.

The actual amount: $4.4 trillion.

In other words, there’s between $300 billion and $400 billion worth of missing tax revenues.

Keep in mind that those forecasts assumed that nothing changed in terms of policy over the course of the year, and all were based on economic projections that turned out, if anything, to be pessimistic.

The CBO, for example, figured the nation’s GDP would be $26.3 trillion by the middle of this year. The actual number was $27.1 trillion. It projected an unemployment rate of 4.6%. The actual number was 3.6%. It expected there to be 154 million jobs; there were 155.5 million. The CBO figured inflation would be running at 4.1%. It was 3.7%.

In a normal world, a better-than-expected economy would result in more revenues for the federal government, not less.

Keep in mind, too, that it’s exceedingly rare for tax revenues to drop from one year to the next. In fact, it’s happened only eight times since 1960 – always around an economic downturn – and the average decline was just 4.7%. Even when the COVID lockdowns caused a massive recession, revenues only dipped by 1.2% in 2020. (Revenues plunged nearly 17% during the financial crisis.)

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MOSHE SHARON IN 2006: CLEAN OUT THE STABLES AND PREPARE FOR WAR

Posted By on October 24th, 2023

http://www.acpr.org.il/english-nativ/09-issue/sharon-9.htm

The second Lebanon War (the “Three Weeks of Mourning War”) of the summer of 2006 has not yet come to an end. As this is being written, one round of the war has concluded in an intermission. It is only an introduction to the prologue. Even now our enemies are aligning for another war and another one after that, for many years to come. Over the last decade and a half, ever since the foolishness of the Oslo Accords, everything has been done to erode the nation’s resolve, its strength, and its belief in the justness of its path.

Contributing to this phenomenon has been a media mobilized to the insane idea of “peace” and a “new Middle East,” various intellectuals who depicted peace as being just around the corner and prevented by the “occupation,” which, if it were only to end, the End of Days would arrive immediately and Islam would lovingly accept the Jewish state.

Orientalists and Islamists swept under the rug all of the truths crying out to them from every document that they researched, from the pages of every Arab newspaper that they read. They told the nation just how peace-loving the Syrians and the Palestinians were, how their only desire was that the occupation cease and a small state be established alongside Israel; things which do not appear in any authorized or semi-authorized Arab-Islamic document.

They did not report about that which was openly stated nor did they relate to what anyone could read on the MEMRI website: That the demand to end the occupation is just a pretext to separate Israel from the few strategic assets still under its control and hold it hostage to the kassams of Hamas and the katyushas of Hizbullah.

They repressed the fact, which they knew better than anyone else, that since 1979, when the 15th century of Islam (according to the Muslim calendar) began, the majority of the Muslim world has been engulfed in the fire of messianic expectations.

From that point on, the molten lava of jihad, shot forth, poured into the Middle East and the world in general, and began to flow through the pathways and tunnels of fanatical Islamic fundamentalism, kindling half-dormant hopes and arousing the fire of hatred for everything non-Muslim everywhere. Over the course of an entire generation it has been boiling and blistering and amassing power daily. In its wake lie the Twin Towers from September 11 along with thousands of dead in Europe, the United States and in the Arab countries themselves, especially in Iraq.

Today it is clear to everyone who is prepared to confront unadorned reality, and they are the majority of people in Israeli society with the wish to live, that we have to take advantage of the short period of time left to us to prepare the army for the inevitable next war. It is already on the way.

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Israel Needs Unconditional Surrender From Hamas The Jewish state’s goal in Gaza should be the same as the Allies’ in Germany after World War II. By Jerome M. Marcus

Posted By on October 24th, 2023

https://www.wsj.com/articles/israel-needs-unconditional-surrender-from-hamas-c56d725d?mod=opinion_lead_pos5

Israel needs to declare the precise goals of its Gaza campaign—for its own citizens and soldiers, and to establish the credibility of its efforts in the world’s eyes. The “destruction” of Hamas has no meaning in international law and is too vague for Israelis being asked to sacrifice everything.

History provides an example of what Israel should do. At the end of World War II, the Allies’ goal was clear: The German Third Reich must agree to an “unconditional surrender.” The Allies’ demand of Germany should be the model for Israel now. Hamas’s war crimes are equal in depravity to those of the Nazis; their magnitude is far less only because Jews now have a fortified homeland and an Israeli army. Hamas and the Nazis also shared the goal of Jewish genocide. Following the Allies’ example, Israel should announce that it will obtain Hamas’s unconditional surrender.

In 1945, in the presence of representatives of the Allied Powers, German High Command officials signed military surrender documents—the Reims accord in France on May 7 and the Act of Military Surrender in Berlin on May 9. The documents required German soldiers to cease military operations. The Allies’ control of German territory enabled them to enforce that order, which they did.

At the Potsdam Conference in the summer of 1945, the Allies agreed on a complete disarmament and demilitarization of Germany, the transfer of land from Germany to Poland and the Soviet Union, and the expulsion of German populations from the countries Germany had attacked. The Allies also provided for “de-Nazification”—removing Nazis from positions of authority, eliminating Nazi political organizations, and the arrest and trial of war criminals.

The Allies pursued the removal of Nazis from positions of authority only halfheartedly; but Nazi political parties and organizations were effectively suppressed, and the highest-ranking Nazi leaders were arrested, tried and punished, including by death.

EDUCATION Comments turned off

Why Do So Many Young People Support Hamas? Noah Rothman

Posted By on October 23rd, 2023

https://www.nationalreview.com/corner/why-do-so-many-young-people-support-hamas/

The monthly Harvard/Harris survey conducted in the wake of the Hamas-perpetrated massacre of over 1,400 Israelis on October 7 has good news and bad news for those who look upon this act of mass murder of Jews with horror and contempt. In the good news column, the overwhelming majority of respondents believe the U.S. is justified in branding Hamas a “terrorist group,” believe it is correct to call the attack “genocidal,” do not think the slaughter was justified, and side with Israel in its war against Hamas. The bad news is, however, impossible to dismiss as inconsequential.

Younger Americans, aged 18 to 24, disagree with their elders. This demographic is split almost down the middle when asked if the slaughter of senior citizens, the rape of young women, the murder of children, and the immolation of whole families in their homes was justified. Indeed, a slight majority of respondents in this age group said the butchery could be “justified by the grievance of Palestinians.” What’s more, only a bare majority of this demographic backs Israel in this conflict. Forty-eight percent said they side not with Palestinians but explicitly with “Hamas” in this war.

The first order of business is to heap scorn on a generation that has adopted this morally bankrupt perspective and the older adults in their lives who have so maliciously led them astray. The second task at hand is for us to understand what convinced the younger generation to sacrifice their humanity upon the altar of an intellectual fad. The answer can be found, at least in part, in one odious word that has claimed the benignity of this generation and so many before them: “framework.”

BOOKS, NATIONAL NEWS & OPINION Comments turned off

‘Mao’s America’ bears a terrifying resemblance to China that took 20 million lives. I know, I lived through it China’s Cultural Revolution canceled 3,000 years of history as Mao had everything torn down — even statues By Xi Van Fleet

Posted By on October 23rd, 2023

https://www.foxnews.com/opinion/maos-america-bears-terrifying-resemblance-china-took-20-million-lives-know-lived-through

Editor’s note: This essay is adapted from the new, “Mao’s America: A Survivor’s Warning,” by Xi Van Fleet.  

The year 2020 was a watershed moment in American history. The outbreak of a pandemic brought ashore to us from the Chinese Communist Party and the death of George Floyd created the perfect storm. This storm delivered a heavy blow to America, a blow so severe that America now appears to have been possibly changed forever.

Suddenly, many Americans awakened to the realization that they hardly recognized their own country anymore. Overnight, it seemed new realities were being forced upon them, challenging everything they believed to be true.

Many awoke to find that they have become oppressors for being born White. Others found that they must now consider themselves hopelessly oppressed and incapable simply because they were born non-White. Many are bewildered that reality and common sense no longer mean anything.

During the riots in the summer of 2020, viewers were told they were watching mostly peaceful protests while buildings were burning in the background. No one now is sure how to define a woman and everyone must now believe men can have babies. Parents were dumbfounded through Zoom classes what their children are being taught in public schools — that America is an unredeemable, racist country.

 Mao’s Cultural Revolution turned his nation red with blood, with up to 20 million dead. (Getty Images)

Americans have found themselves strangers in their own country. What is happening? Why? For what purpose?

But wait… I have seen all of this before.

Like most Americans, I also felt like I was hit by a storm. Unlike most Americans, this storm hit me once before, more than 50 years ago, when I was only 7 years old, just starting school in China.

The storm was Chairman Mao’s Cultural Revolution (1966-1976). It lasted 10 years, covering most of my school years.

EDUCATION Comments turned off

The Sickness of Our Universities—and the Cure Before graduating, students should demonstrate a minimum competence in math, science, and general knowledge By Victor Davis Hanson

Posted By on October 23rd, 2023

https://amgreatness.com/2023/10/23/the-sickness-of-our-universities-and-the-cure/

The sheer madness that has gripped many elite universities since October 7 and the butchery, rape, torture, and mutilation of some 1,000 Israeli civilians by Hamas murderers have shocked the public at large.

Campus craziness is, of course, nothing new. But quite novel for campuses was the sudden jettisoning of prior campus pretenses. Universities have brazenly dropped their careful two-faced gymnastics to reveal at last–unapologetically, proudly, and defiantly–the moral decay that now characterizes American higher education.

Recent news stories have exposed this rot to the world, and will have grave repercussions for higher education in the next few years.

The Nazis once desecrated the tombstones of dead Jews. Our campuses have updated that hatred. Students now tear down pictures of Jewish captives kidnapped or murdered by Hamas. University presidents do not condemn the hate-filled rallies supporting the killing of Jews in Israel, even though, according to their own safety-first ideology and prior proclamations about systemic hatred, these rallies instill a “climate of fear” in some students.

An instructor at Stanford separated Jewish students from their belongings, ordered them to stand in the corner, boasted about denying the Holocaust, and singled them out for unhinged rantings. Screaming campus activists and professors openly support Hamas even after its brutal killing of hundreds of Israeli women, children, and infants. That for more than two weeks thousands of rockets—barrages initially designed to enhance the surprise mass murdering of October 7—daily continue to shower down upon Israeli cities is of zero concern to loud campus activists.

An even bolder Cornell history faculty member bragged that he was “exhilarated” on news that Jews were butchered on October 7. A UC Davis professor threatened to go after the children of “Zionist journalists.” “Savages”, “excrement” and “pigs” are the adjective and nouns one professor at the Art Institute of Chicago posted to describe Israelis.

At rallies and protests, hundreds shout about eliminating Israel altogether; students, faculty, and throngs in general occasionally wear masks or wrap their faces in keffiyehs, as if conceding that most would find anyone identifiably mouthing such advocacy despicable. In some sense, such campus haters have become the equivalent of anti-Semitic sheet-wearing Klansmen.

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Jacob Howland The Campus Peril to Western Civilization Student and faculty reactions to Hamas’s atrocities demonstrate once and for all the fraud of elite higher education. We must reform our universities—or create new ones.

Posted By on October 23rd, 2023

https://www.city-journal.org/article/the-campus-peril-to-western-civilization
When I interviewed in 2022 for the job of Dean of Intellectual Foundations at the just-founded University of Austin (UATX), Pano Kanelos, the university’s founding president, asked me what I thought the new institution’s mission was. “To save civilization,” I said. “And here I thought the mission was to save American higher education,” he replied.

Informed observers have known for some time that our universities are broken. But the cheerleading on American campuses for terrorists who unleashed a pogrom of a magnitude and viciousness not seen since the Holocaust has made it clear that the collapse of higher education imperils Western civilization itself. Without real higher education, we would forget the past and stumble blindly into the future. Without universities worthy of the name, there would be no civilization.

Higher education exists to preserve, transmit, and extend knowledge, including the sound judgment and knowledge of the whole we call wisdom. Universities stand at the threshold between past and future, self and society, the eternal verities above and the flow of time below. Their job is to join what would otherwise fall apart: to remember the past, fructify the present, and incubate the future. At their best, they are modern temples of Janus, the two-faced Roman god who looks backward and forward, inward and outward—a symbol of wakeful, vigilant minds that receive tradition with gratitude, seek knowledge with grace, and face challenges with grit.

But in the United States, universities have never been worse than they are today. Barbarians have invaded the temples of teaching and learning, ransacked the sanctuaries, and defiled the sacred scrolls. For decades, students have been steeped in a postmodern intellectual culture of repudiation, relativism, and reductivism. They’ve been taught to “deconstruct” the great books and noble ideals of the West; to regard morality, and even the criteria of scientific truth, as social constructions; and to understand politics and society as “discourses of power” illuminated by the doctrines of “critical theory” and “intersectionality.” Bereft of precious civilizational compasses and maps, they have learned to regard fundamental social relationships as zero-sum games of domination and servitude.

ISRAEL Comments turned off

Who Says Hamas Does Not Represent The Palestinians? by Bassam Tawil

Posted By on October 23rd, 2023

https://www.gatestoneinstitute.org/20089/hamas-represent-palestinians

The Biden administration’s assertion that Hamas is an insignificant group of terrorists that does not enjoy the support of many Palestinians is not only false; it is dangerously so. This assertion contradicts the reality, which proves that Hamas actually does represent a significant portion of the Palestinians.

This inconvenient reality is based on public opinion polls conducted by the Palestinian Center for Policy and Survey Research (PSR) and the results of elections for the Palestinian Legislative Council and university student councils and professional unions. It is also based on mass demonstrations and rallies in support of Hamas before and after the October 7 carnage in which Hamas terrorists murdered more than 1,400 Israelis and wounded more than 4,000.

The most recent PSR poll, published last month, showed that if new presidential elections were held today, Hamas leader Ismail Haniyeh would win 58% of the vote, while Mahmoud Abbas would only receive 37%. Hamas’s “armed struggle” (terrorism) against Israel was supported by 58% of the Palestinian public, the poll showed…

This means that a majority of Palestinians share Hamas’s desire to eliminate Israel as expressed in the terror group’s 1988 charter. The poll also showed that 71% of the Palestinians support the formation of armed groups to murder Israelis.

In the past few months, Hamas-affiliated students won elections at two major Palestinian universities in the West Bank.

“The [university] elections are considered the bellwether of West Bank politics… With no general Palestinian elections on the horizon, student polls are seen as a ‘test for measuring public opinion’…” — Middle East Eye, May 25, 2023.

In 2021, Abbas cancelled elections he had called for the Palestinian Authority presidency and parliament after realizing that his Fatah faction was poised to lose to Hamas, as took place in the 2006 parliamentary election.

If, according to Biden and Blinken, Hamas does not represent the Palestinians, how do they explain the fact that… hundreds of Palestinian residents of the Gaza Strip joined the Hamas terrorists who attacked the Israeli communities near the border with the Gaza Strip?

The Biden administration is presenting a false claim according to which most Palestinians are opposed to Hamas and that Abbas’s Palestinian Authority, which rewards terrorists who murder Jews with monthly stipends, is a “peace partner” for Israel. This is a complete distortion of reality and does not represent the truth.

Recently, Abbas reminded everyone that he is an antisemite and a Holocaust denier.

When will Biden and Blinken grasp that there is no difference between the murderous Hamas leaders and Abbas the antisemite? Surely, Biden and Blinken are aware that Abbas has not condemned the atrocities committed by Hamas on October 7. Abbas’s silence is a rambunctious approval of the cold-blooded massacre of hundreds upon hundreds of Israelis. Let there be no mistake about it: both Hamas and Abbas represent a majority of Palestinians whose goal is to murder Jews and destroy Israel.

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The George Floyd, Jr. Narrative Unraveled His demise reminds us that that we live in a country governed by the rule of narrative By Roger Kimball

Posted By on October 23rd, 2023

https://amgreatness.com/2023/10/22/the-george-floyd-jr-narrative-unraveled/

I wonder what Derek Chauvin is thinking these days?

He’s the former Minneapolis cop who became the Scapegoat Number One after George Floyd—sorry, St. George Floyd—died from a Fentanyl overdose while resisting arrest in May 2020.

As all the world knows, that is not how The Narrative tells it. Witness Wikipedia, that Great Repository of Approved Narratives. “George Perry Floyd Jr.,” it begins, “was an African-American man who was murdered by a police officer in Minneapolis, Minnesota, during an arrest made after a store clerk suspected Floyd may have used a counterfeit twenty-dollar bill, on May 25, 2020.”

“Murdered,” eh?  “May” have passed a counterfeit bill, you say?

Well, that’s what we were told.

It takes a long time for someone to be canonized in the Catholic Church. There is an official process to be followed. Some miracles have to be recorded. One moves from being denominated a Servus Dei, a “servant of God,” to the status of being Venerabilis, to Beatus, and finally Sanctus. It’s much easier and much quicker with our secular saints. All you need is a festering politically correct grievance, a compliant media, and a terrified justice system.

So it was with the woman-and-drug abusing felon George Perry Floyd Jr. His corpse was not cold before he was elevated to secular sainthood  and became the mascot for the Black Lives Matter hooligans who, over the course of a year or more, inflicted more than $2 billion of property damage, injured or maimed scores of people, and released a mesmerizing, racially fortified toxin into the atmosphere that addled the minds and hearts of all the beautiful people who run the country and from which we have yet to recover fully. Last week, on the occasion of Floyd’s birthday, Joe Biden prayed at the shrine, issuing an emetic White House statement “to honor his life and legacy” and urge us “to redeem the soul of America.”

Back in 2021, Derek Chauvin, along with three of his police colleagues, were offered up as sacrificial lambs by Minneapolis prosecutors. ChaUvin was slapped with federal and well as state convictions and, as I write, is rotting in an Arizona prison for the murder of Floyd.

MEDIA Comments turned off

The media and the Gaza hospital hoax By W.A. Eliot

Posted By on October 23rd, 2023

https://www.americanthinker.com/blog/2023/10/the_media_and_the_gaza_hospital_hoax.html

Conservative media had a field day exposing the MSM on its collective false claim that Israel bombed the Gaza hospital and that 500 died.  It was covered well on AT.  Drew Holden and Thaleigha Rampersad at the Washington Free Beacon supplied the complete list of media outlets that were duped or unquestioningly went along.  Truth won.  Or did it?

When a story like the Gaza hospital bombing comes out, it is the lead on all the networks, the main headline in the large bold font atop the print and internet editions of news sites.  By the time the media get around to their stealth edits, inaccurate corrections on page A24, and 15-second network news retractions, the damage is done and never undone.  The internet does help get the word out, but the half of the populace still relying on TV news, too liberal to visit conservative sites, or too filled with hatred for Israel, will still think that Israel bombed the hospital or at least tries to do such things.

You think I’m kidding?  Recall the al-Dura affair in 2000, in which video captured a Palestinian boy supposedly caught in an Israeli-Palestinian crossfire and allegedly killed by the Israelis, with the picture of him crying while crouching next to his father at a wall behind a barrel still etched in the world’s mind.  But the evidence is overwhelming that the scene was faked, that the boy likely didn’t even die, and that the spliced-and-diced video of Al-Dura shown on France 2 was a travesty.  It led to French court scenes reminiscent of the Dreyfus affair.  In the end truth won, right?  Wrong.  The initial press coverage led directly to the so-called Second Intifada in which 1,000 Israelis and around double that number of Palestinians died.  And to this day much of the world still holds Israel responsible.

Closer to home, the press breathlessly reported over a long period of time on alleged Trump-Russia collusion.  A lot of intrepid investigative work mainly by conservative media finally uncovered that this was a plot concocted by Hillary Clinton and her operatives, who used the Perkins Coie law firm (which at some point set aside office space for FBI participation) as a cutout to hire Christopher Steele of Fusion GPS as a cutout to concoct his infamous dossier implicating Trump.  So truth won, right?  Wrong.  To this day, a large chunk of Americans (if I recall, a recent poll suggested it’s close to 40%) still thinks Trump was a Russian spy, which is bad enough, but not only that, these charges and the Mueller investigation hampered Trump’s first term.  Think of the possibly permanent damage done to our country these last three years due to Trump’s ouster.  They won and truth lost.  Mission accomplished, and no one was even punished.