King George III forget we much

 

Liberty, guns, beer, and tits

 

This week's lucky number is 2

There's only one Speaker of the House who ever spent more than 300% of current tax revenues twice.

And there's only one Speaker of the House who has ever spent more than 300% of current tax revenues twice after both of which events the ratings agencies downgraded the U.S. debt.

 

 

Disgraced 80-year old plagiarist says we have to rig the system to keep a 77-year old loser from replacing another 80-year old plagiarist

 Doris Kearns Goodwin: We Need To Organize The Country "At All Levels" To Ensure Trump Cannot Win

 

Full time employment as a percentage of population fell to 50.7% in July from 50.9% in June

 Year to date the average is still 50.2%.

Compare with prior full years:

 

The US debt downgrades of 2011 and 2023 have one thing in common: Nancy Pelosi's record of the four most fiscally irresponsible years in the post-war

Nancy Pelosi owns the record for the four most fiscally irresponsible years in the post-war, spending 316% of tax receipts in 2020, 276% in 2021, 310% in 2009, and 296% in 2010.

Her four years as Speaker 2007-2010 averaged current expenditures as a percent of current tax receipts of 251%, highest for any Speaker ever.

S&P downgraded the debt in August 2011.

The Boehner/Ryan interregnum averaged 219%.

Pelosi's next four years as Speaker 2019-2022 averaged 252% in overspending.

Fitch has now downgraded the debt in August 2023.

Taken all together, Pelosi's Speakership produced the worst overspending in the post-war at 251% of revenues. The excess has to be borrowed, ballooning the debt.

The ratings agencies sound the alarm bells no one else will ring, but they are mocked by all the experts, whose livelihoods depend on the scam continuing. 

 All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.     

-- US Constitution, Article One, Section Seven

 

Meanwhile, Ron DeSantis' natural constituency continues to flex its muscles

 Anheuser-Bush U.S. Profits Down 30% After Dylan Mulvaney Fiasco :

Anheuser-Busch InBev felt the sting of the Bud Light boycott, reporting a 10.5% drop in revenue and a nearly 30% plunge in core profit in the US during the second quarter — and has lost nearly $40 billion in value.

Yet the Belgian-based beer giant company continued to bury its head over the ill-fated tie-up with trans influencer Dylan Mulvaney that has seen Bud Light on the precipice of losing its two-decade reign as the top-selling brand in the US.

The New York Times knows that you are putty

Mr. Archer told lawmakers during the session that Hunter Biden had put his father on speakerphone to talk to his business partners about 20 times over a decade, according to both Republicans and Democrats in the room. ... But Democrats said that Mr. Archer had described the conversations in which the elder Mr. Biden participated as short and casual — about topics like the weather — and his interactions as little more than stopping by a dinner or a hotel for a brief handshake or a few pleasantries over the phone. ... It has long been known that the elder Mr. Biden at times interacted with his son’s business partners.

More. 

CBS's Herridge: Rep. Dan Goldman Is The One Who Used The Term "Illusion Of Access," Not Devon Archer

Lying is protected speech, the heart and soul of politics, which the voters decide to accept or reject

Democrats lie every damn day, followed by the Republicans when they can get a word in edgewise.

The voters rejected Trump, end of story. 50 state legislatures, like it or not, certified their results saying so. Trump conceded all this by his actions, relinquishing power and flying away to Florida on January 20th.

The refusal to accept the results of the 2020 election is now all on one side.

The 2020 winners will rue the day they criminalized politics like this, when a real Draco comes and puts an end to "democracy".

Trump sought to ‘exploit the violence and chaos’ of Jan. 6 with lies, indictment says

 

 

Some people say they don't understand why Fitch Ratings downgraded the US to AA+ from AAA

 Debt to the penny: July 31: $32,608,585,072,666.14 May 31: $31,464,457,465,522.98 Debt increase in 2 months: $1,144,127,607,143.16, about $18.76 billion per day.

Fitch downgrades U.S. long-term rating to AA+ from AAA :

“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the ratings agency said. ...

This isn’t the first time a rating agency has downgraded the U.S. Standard & Poor’s cut the nation’s credit rating to AA+ from AAA in 2011 after Washington managed to avoid a default. At the time, the agency highlighted political risk as part of its reasoning.

 

Modest country seeking its rightful place among the family of nations somehow became the seat of globalist revolution for equality in the name of Christianity

 How it started:

How it's going:

Ron DeSantis is so finished the left allocates 4,000 words to Sid Vicious Blumenthal to tell you all the ways the Florida governor is nothing but a trolling nullity

"Give me my personality!"

 

DeSantis is so finished he's

 "flat, spotty, clotted, dim, implausible, non-viable, void, clueless, non-this, non that, mealy-mouthed, weak, crabbed, mean, reactionary, cruel, literal, comic, absurd, inconsistent, empty, authoritarian, insubstantial, contrived, static, drab, detached, vacuous, strained, forced, artificial, small, reckless,"

and in case you missed it the first time

"weak".

Sid Blumenthal, Hillary confidante, author of the birther narrative, wants you to know that Trump is right. Ron DeSantis has "no personality".

In The Grauniad, where else?

Yeah, he's right: Trump filed and paid his taxes and Hunter didn't FOR YEARS

Trump's taxes have been public for months now, and they found bupkis.

 

Capehart: There Is No Parallel Between Hunter Biden's "Legal Troubles" And Trump's "Mountain Of Legal Problems"

It's been a terrible year so far for investors in US Treasury securities because of the rising rate environment, but great for stocks

UST yields rose a net 1.31% in the aggregate week over week on 7/28.

DFF rises to 5.33% after the latest FOMC rate hike.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year to date Treasury, Total Bond, Cash, and Total Stock performance using popular Vanguard funds:

VFISX +0.75% VFITX 0.90% VUSTX 1.58% VBTLX 2.05% VMFXX 2.75% lol VTSAX 19.99%!

Stocks have been the place to be, and cash has beaten even the total bond market.

Meanwhile stocks are obscenely overvalued at 169 using the latest report of GDP out Thursday:

 

Good morning to everyone except Nancy Mace

 

Average temperature year to date is still below normal in Phoenix, as is average max temp year to date, and yet they persist

 

 Phoenix brings in refrigerated morgues to prep for heat-related deaths...

 "as backup"

"we typically see a surge in intakes to the Office of the Medical Examiner (OME) in July"

 Average temperature year to date is still below normal also in Yuma and Tucson.

Headline pce inflation of 3% year over year is driven lower by the collapse in energy prices, mostly natural gas not gasoline

Natural gas is twice as important as gasoline for America's energy needs.

eia.gov says the United States used 369 million gallons of gasoline per day in 2022. That's the equivalent of 13 billion kWhr/day last year.

America also consumed 88.52 billion cubic feet of natural gas per day in 2022. That's the equivalent of 26.88 billion kWhr/day last year, 2.06 times as much.

Gasoline is down 14.6% in 1H2023, natural gas 60.5%.

 

Pawn Vanity thinks Nancy Mace is pretty funny

 

Like I said . . ..

Core and services inflation remain well above pre-pandemic levels

 

Like I said, the culture is lost, especially among Republicans

 US Representative Nancy Mace (SC-1) is an unmarried used car. Twice married, two kids, 45 going for broke.