The FDIC estimates that the cost to the Deposit Insurance Fund will be about $13 billion. This is an estimate and the final cost will be determined when the FDIC terminates the receivership.
More.
Monday, May 1, 2023
Saturday, April 29, 2023
Biden's doing the same thing as Obama in making the 2020 crisis spending the baseline for his future spending proposals
Obama did it in 2009 and Republicans acquiesced, running trillion dollar plus deficits for four straight years until Republicans enforced some fiscal discipline in Obama's second term.
The author below, a Republican, doesn't mention that.
Will Republicans acquiesce again?
If they do, the national debt will easily swell to in excess of $51 trillion by 2033, from $31 trillion at the end of 2022.
From the story, "Trillion-dollar deficits: Biden’s new normal":
The president and his White House have taken the 2020 COVID-19, one-time-only crisis budget as his administration’s working baseline, rather than the pre-Covid 2019 budget, which had a significant $4.4 trillion price tag.
In 2020, because of the pandemic, the budget jumped 47 percent to $6.5 trillion, as both Democrats and Republicans supported the need for emergency funding. That COVID funding was to sunset as the country returned to normal — as it did last year. Apparently, Biden decided to ignore that crucial point.
Friday, April 28, 2023
Latest inflation reads show entrenchment, Fed will have to go higher and stay higher for longer but Congress must cut spending and raise revenues
The Fed can do only so much, but a Fed Funds Rate of 4.83 is hardly adequate for current conditions.
The fiscal side in this, however, has been completely ignored.
Outlays for 2020-2022 alone have topped $19 trillion vs. receipts south of $12 trillion.
Wednesday, April 26, 2023
Fauci: "So many people cannot be completely wrong"
Fewer than 19 million Americans completed the initial vaccine protocol in 2022. Fewer than 25 million received at least one dose.
Suddenly in retirement Fauci is just another physician, not the embodiment of Science who presided over the deaths of 1.1 million Americans
Fauci's still in utter denial about the early timeline, and about the relative severity of the pandemic here in the United States vs. elsewhere.
The outcome in the US has been 3.6 times worse than in Norway, 6.02 times worse than in Japan. But Fauci, the former embodiment of The Science ™, has ZERO curiosity about why.
The vaccines were already designed by the end of January 2020 (really? sounds like a PLANDEMIC, uh oh), but Fauci behaved rationally at the time like we weren't going to have a global pandemic which would even require them?
Give me a break. That's astonishing.
The entire interview is full of dodgy shit.
The New York Times, here:
“I’m
a physician,” he told me in response to criticism that he had pushed
the country too far. “That’s my identity. I’ve taken care of thousands
of patients in one period of my life during the early years of H.I.V. I
believe that I have seen as much or more suffering and death as anybody
has in most careers. I don’t mean to seem preachy, but I don’t want to
see people suffer and I don’t want to see people die."...
"Something clearly went wrong. And I don’t know exactly what it was. But
the reason we know it went wrong is that we are the richest country in
the world, and on a per-capita basis we’ve done worse than virtually all other countries. And there’s no reason that a rich country like ours has to have 1.1 million deaths. Unacceptable."...
"When you look around, nobody did great, except maybe one or two countries. Most everybody did poorly."...
"If it took three years to get a vaccine, we would have had five million deaths here."...
Wallace-Wells:
Let’s talk about the vaccines. It was the fastest rollout in history, a
miracle of modern medicine. But we had vaccines designed by the end of
January 2020. The Phase II safety trials were completed by early July.
Could we have accelerated the rollout from there and blunted that awful
first winter surge? Could we do it faster in the future?
Fauci:
Yes. The G7 talks about it: the hundred-day mission, to have
distribution within a hundred days. Not that everybody gets vaccinated,
but that you start doing it. Is that easy? No, it’s going to be really
hard. Is it possible? I think so. ...
Wallace-Wells: But if you go back in time, if you put yourself in February 2020, you’re telling Helen Branswell,7
for instance, that this virus was low-risk and that you didn’t want to
stake your credibility on what could be a false alarm. Do you wish you
had said then more emphatically that this is a real, urgent threat and
that we need to stand up our defenses immediately?
Fauci:
Yeah, I think, retrospectively, we certainly should have done that. If
you look at what we knew at the time, though — we didn’t know that in
January. We were not fully appreciative of the fact that we were dealing
with a highly, highly transmissible virus that was clearly spread by
ways that were unprecedented and unexperienced by us. And so it fooled
us in the beginning and confused us about the need for masks and the
need for ventilation and the need for inhibition of social interaction.
Monday, April 24, 2023
If stupid people want to watch FOX News and vote for Donald Trump, they should be free to do so in a free country
It's the AOCs and Reichs of the world who are the threat to freedom.
Saturday, April 22, 2023
Climate Update for KGRR: 1Q2023
Climate Update for KGRR: 1Q2023 since 1892
Average temperature, mean: 27.5F.
Average temperature, actual: 32.7F; Anomaly: 19%.
Compare 2012 actual: 37.4F; Anomaly 36%.
January 2023 was the fifth warmest January on record by average temperature.
February was the thirteenth warmest February on record by average temperature.
The March average temperature anomaly was comparatively insignificant at 3.8%.
Heating degree days, mean: 3354.
Heating degree days, actual: 2880; Anomaly: 14%.
Compare 2012: 2505 actual; Anomaly: 25%.
January ranked fifth for fewest HDD in January.
February ranked tenth for fewest HDD in February.
The March heating degree day anomaly was comparatively insignificant at 4.4%.
Snowfall, mean: 40.8".
Snowfall, actual: 42.5".
March 2023 was the fourth snowiest March on record with 23.3".
LOL, 73-year old tranny calls 26-year old tranny fringe, apparently because of the bulge
The beef has been simmering for months and began long before Mulvaney’s string of brand-name endorsement deals. In October 2022, Jenner took issue with Mulvaney’s campaign to “normalize the bulge” — a reference to “women” who have male genitalia. “Dylan …congrats you’re trans with a penis,” Jenner snapped in a tweet.
Getting a chopadickoffame is good enough for The Post apparently, which calls Mulvaney a biological male but not Jenner.
That won't cut it for most folks, for whom the two principals and The Post make three who are all umbday in any language.
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