APARTMENT BUILDINGS FORECLOSED, FED ADMITS RECESSION, TRUCKERS STRANDED, COMMERCIAL R.E. CRASHING
https://www.youtube.com/watch?v=J1saeOUMNDs
JOE BIDEN is known as a serial liar, a "public servant" who has somehow managed to accrue tremendous wealth, a race-baiting opportunist, a Catholic-in-name-only, and a bought-and-paid-for politician in bed with criminal cartels and foreign foes. In another era, Joe Biden would have been run out of his country much the same way Benedict Arnold was two and a half centuries ago; in an era when integrity, honor, fortitude, fidelity, and grit have been jettisoned for immorality, unscrupulousness, weakness, betrayal, and craven pliability, however, he is elevated to king sleazeball in a city drowning in sleaze. JB SHURK
Deficit Tops $1 Trillion in First Six Months of FY2023
(CNSNews.com) - The federal deficit topped $1 trillion in the first six months of fiscal 2023 (October through March), according to the Monthly Treasury Statement released today.
This was despite the fact that federal tax revenues in the first six months of this fiscal year were $2,048,196,000,000, which was the second-highest in the nation’s history (when compared to the inflation-adjusted numbers for the tax revenues collected in the first six months of previous fiscal years).
From February to March, according to the Monthly Treasury Statement, the fiscal 2023 federal deficit increased by $378,077,000,000, climbing from $722,627,000,000 to $1,100,704,000,000.
So far, in fiscal 2023, while the federal government collected $2,048,196,000,000 in taxes, it spent $3,148,900,000,000—resulting in the deficit of $1,100,704,000,000.
When the historical budget numbers are adjusted for inflation into March 2023 dollars, it turns out that this year’s October-through-March federal deficit is the fourth largest in the nation’s history. In fiscal 2021, during the COVID pandemic, the October-through-March deficit was $1,944,334,490,000 in constant March 2023 dollars. That was the largest deficit the federal government has ever run in the first six months of a fiscal year.
The second-largest was in October-through-March of fiscal 2009, when the federal government ran a deficit that was $1,357,706,460,000 in constant March 2023 dollars. The third-largest was in October-through-March of fiscal 2011, when the federal government ran a deficit of $1,120,280,830,000 in constant March 2023 dollars.
In October-through-March of fiscal 2012, the federal government also ran a deficit that exceeded $1 trillion in constant March 2023 dollars. But that fiscal year’s first-six-month deficit of $1,024,999,220,000 in constant March 2023 dollars was less than this year’s six-month deficit of $1,100,704,000,000.
The $2,048,196,000,000 that the federal government collected in tax dollars in the first six months of this fiscal year was only exceeded by the $2,236,043,500,000 (in constant March 2023 dollars) that the federal government collected in taxes in the first six months of fiscal 2022.
This fiscal year and last fiscal year are the only ones in the nation’s history when federal tax collections have exceeded $2 trillion in the first six months of a fiscal year.
The Department of Health and Human Services led all government departments and agencies in spending during the first six months of this fiscal year. It spent $843,257,000,000 from October through March.
It was followed by the Social Security Administration, which spent $685,876,000,000; and the Department of the Treasury, which spent $540,813,000,000—including $384,227,000,000 in interest on Treasury securities issued to fund the federal debt.
The Department of Defense-Military Programs was fourth in federal spending with total outlays of $386,255,000,000.
(Historical numbers in this story were converted into constant March 2023 dollars using the Bureau of Labor Statistics inflation calculator.)
Mark Levin: 'We Must Prepare for War Against China...Because They Want War'
(CNSNews.com) - "We have a Marxist revolution that is destroying us from within, while the enemy gathers abroad," conservative talk show host Mark Levin told Sean Hannity's audience on Monday night.
Levin warned that the United States "needs to prepare for war with China," and he said it twice, so the “back-benchers regurgitate it."
“[T]here is an axis of powers against us right now. It's China, Russia, Iran and North Korea. This is no joke," Levin said:
“China hasn't built the biggest Navy on the face of the Earth, military islands in the South China Sea, over 27 bases of different kinds in our hemisphere, a deep-water naval base in Somalia...You have a China with a base on the western coast of Africa facing us, killer satellites, nuclear missiles.
"You think they're building all that to defeat Taiwan? They're building all that to defeat us. They're not going to be satisfied with Taiwan. They're in battles now with the Philippines, Japan, even Vietnam, Australia's being threatened."
Levin called it "a big damn deal," and he delivered a message that Americans may not want to hear:
"We need to prepare for war against China. I don't mean go to war. I don't mean initiate a war. But they are preparing for war.
“We are completely unprepared as a nation, psychologically. We are completely unprepared economically and immigration-wise, in securing our border. Our military is not prepared in the sense that they're pushing this woke ideology. Our military budgets do not reflect the threats that we are facing in the world around us.
"I want to say it again so that back-benchers regurgitate it. We must prepare for war against China. Not because we want war. Not because we're going to cause war. But because they want war.
“They've only communicated it in 10,000 different ways, whether it's violating our air space, navigable waters, threatening our ships, threatening our country, threatening our people. What else can they do, short of attacking?
"They're not going to be satisfied with Taiwan. This is a big damn deal. And we don't have the military brass at the Pentagon to deal with this, the secretary of defense or secretary of state.
“We've never been so weak. That's what XI sees. He sees what I see. He sees what the rest of the damn world sees..."
Levin slammed French President Macron for visiting China at the height of U.S.-Chinese tensions and "stabbing us in the back" by pursing greater cooperation with the CCP.
Levin also slammed President Joe Biden's weakness in the face of China’s rising strength.
'That thing's going to get bad'
Sen. Marco Rubio (R-Fla.), appearing on a different Fox News show Monday evening, told Jesse Waters, "There's no way we finish this decade without China trying to do something about Taiwan."
Rubio said the situation -- "that thing" -- is "going to get bad."
Rubio said he thinks China would prefer to take Taiwan without military might -- "just have Taiwan surrender."
"We should stop pretending that we're not headed towards something there. We are," Rubio said.
"And...if they were to take Taiwan -- it's not just about the small little island off the coast of China. That gives them effective control over all of the eastern Pacific or East Asia, seventy percent of global commerce.
“I mean, they could literally just shut us down. They could clamp down and close down our economy, like COVID times 50. That would be a strategic major moment in world history -- not a good one for America."
Rubio said the U.S. isn't alone in wanting to contain China. He said the U.S. should be "focused on building these alliances with Japan, with South Korea, with all these countries that want to be helpful and have capacity.
“The Japanese are actually very capable. The Australians as well. It doesn't have to be us alone. All these countries have an interest there.
"But we need to take that seriously. You know, look, I'm concerned about Joe Biden. If I were the Chinese -- if I were the Chinese and Joe Biden is the president, they're probably trying to figure out, we need to do this while that guy's still there."
America Imported $78.8 Billion in 'Cell Phones and Other Household Goods' From China in 2022
In 2020, the year that the COVID pandemic — which originated in the People's Republic of China — hit the United States, Americans imported $61,689,114,229 in "cell phones and other household goods" from that country.
In 2021, Americans imported $75,104,920,094 in Chinese-made cell phones and other household goods.
In 2022, the Census Bureau reported last week, Americans imported $78,766,814,842 in Chinese-made cell phones and other household goods.
In the three years since COVID hit, the United States has increased its annual imports of "cell phones and other household goods" from China by $17,077,700,613 — or approximately 27.7%.
The only import that Americans spent more money on last year than Chinese cell phones and other household goods was Canadian crude oil. In 2022, this country imported $113,465,977,527 in crude oil from our northern neighbor.
But while no other Canadian product made the Top 10 for U.S. imports last year, Chinese-made computers and Chinese-made toys, games and sporting goods did.
In 2022, America's third largest imported product after Canadian crude oil and Chinese cell phones and other household goods was Mexican-made "other parts and accessories of vehicles" ($57,707,116,244). The fourth was Chinese-made computers ($52,571,086,869). The fifth was Irish "pharmaceutical preparations" ($50,327,409,168). The sixth was Mexican-made trucks, buses and special purpose vehicles ($43,936,008,573). The seventh was Chinese-made toys, games and sporting goods ($41,311,867,317). The eighth was Mexican-made computers ($34,660,140,616). The ninth was Mexican-made "passenger cars, new and used" ($34,624,461,556). The 10th was Japanese-made "passenger cars, new and used" ($32,816,429,484).
In 2022, Americans spent a combined $131,337,901,711 on Chinese-made computers, cell phones and other household goods.
How do you put that $131.3 billion in perspective?
In 2021, the median household income in the United States was $70,784. The $131,337,901,711 that this country sent to China in exchange for cell phones, computers and other household goods last year equaled the combined income of approximately 1,855,474 American households earning the 2021 median income.
In fiscal 2022, according to the U.S. Treasury, our federal government spent $80.865 billion on the Department of Homeland Security — which is supposed to secure our borders and enforce our customs and immigration laws. That was equal to only about 61.57% of the money we sent to China in exchange for computers, cell phones and other household goods.
This nation needs to return to the trade policy of the Founding Fathers.
On July 4, 1789, President George Washington signed the first federal revenue law. It did not impose a direct income tax on the American people — which the Constitution made an impractical option prior to the ratification of the 16th Amendment in 1913.
The tariffs signed into law by Washington served two purposes: to raise revenue for the federal government and to protect and encourage American manufacturing.
When the Tariff Act was being debated in Congress, Rep. Thomas Hartley of Pennsylvania explained its purpose.
"If we consult the history of the ancient world," Hartley said on the House floor on April 9, 1789, "we shall see that they have thought proper, for a long time past, to give great encouragement to the establishment of manufactures, by laying such partial duties on the importation of foreign goods, as to give home manufactures a considerable advantage in the price when brought to market."
"I take it to be the policy of every enlightened nation," said Hartley, "to give their manufactures that degree of encouragement necessary to perfect them, without oppressing the other parts of the community; and under this encouragement, the industry of the manufacturer will be employed to add to the wealth of the nation."
Two days later, Rep. William Smith of Maryland presented the House with a petition made by some workers from Baltimore.
"That, since the close of the late war, and the completion of the revolution, they have observed with serious regret the manufacturing and the trading interest of the country rapidly declining, and the attempts of the state legislatures to remedy the evil failing of their object," said this petition.
"(T)hey look up to the supreme legislature of the United States as the guardians of the whole empire," it said, "and from their united wisdom and patriotism, and ardent love of their country, expect to derive that aid and assistance which alone can dissipate their just apprehensions, and animate them with hopes of success in future, by imposing on all foreign articles, which can be made in America, such duties as will give a just and decided preference to their labors, discountenancing that trade which tends so materially to injure them and impoverish their country; measures which, in their consequences, may also contribute to the discharge of the national debt and the due support of government: that they have annexed a list of such articles as are or can be manufactured amongst them, and humbly trust in the wisdom of the legislature to grant them, in common with other mechanics and manufacturers of the United States, that relief which may appear proper."
The first American Congress and the first American president sided with these workers — and with American manufacturing.
The current Congress lets billions of dollars in cell phones, computers and other goods manufactured in a nation ruled by a Communist regime flood the markets of this country every single month.
(Terence P. Jeffrey is the editor-in-chief of CNSNews.com.)
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