Cross-Posted from DaleGlading.com
In yesterday’s blog post, I encouraged voters to cast their ballots on November 5th for the more competent and conservative candidate, Donald J. Trump. He is certainly far from perfect, but I sincerely believe that he is heads and shoulders above Kamala Harris.
Ms. Harris, who has risen through the political ranks without recording a single notable accomplishment, has had three-and-a-half years as part of the Biden-Harris administration to get things right. And yet, the economy continues to flounder; gas, food, and housing prices are still through the roof; our southern border is a human sieve; and the world is at war from Ukraine to Gaza.
Despite her boasts that she was “the last person in the room” for all of President Biden’s biggest decisions, Ms. Harris is now trying to distance herself from Geritol Joe as if he had leprosy and not just dementia. Sorry gal, but you own the disastrous withdrawal from Afghanistan; the new wars that have sprung up in Eastern Europe and the Middle East; the soaring inflation, interest, and crime rates; the out-of-control border crisis; and the spiraling deficit and national debt.
The closer we get to November 5th; more and more bad economic news keeps coming out despite the mainstream media’s attempts to hide and/or spin it otherwise. For instance…
Since 2019, more than 20,000 ranchers per year have gone under, selling their land and their livestock, and leaving the U.S. with its fewest cattle herds in more than 70 years. Meanwhile, China and Bill Gates keep scooping up America’s ranchland and family farms, seemingly focusing on property close to military bases and installations.
I suppose the Green New Deal proponents such as Bernie Sanders, AOC, and yes, Kamala Harris are happy that we have a lot fewer methane-emitting bovines around and vegans are doing the “happy dance” as we move closer to buying Bill Gates synthetic beef products. Sounds just yummy, doesn’t it?
Not only does America not have enough cows, but we also don’t have enough doctors. A 2023 study conducted by Physicians Thrive estimates that by 2034, the U.S. will have a shortage of 124,000 doctors, including 48,000 general practitioners and 58,000 specialists. As a result, it now takes an average of 26 days to see a doctor – up 8% since 2017 and up 24% since 2004 – while emergency room waiting times have skyrocketed to the point where 10% of patients leave without even seeing a physician. I guess that’s why a 2024 Medscape report found that 50% of all doctors feel burned out.
On top of that depressing news, two of the three credit agencies – Moody’s Investment Service and Fitch Ratings – have downgraded their outlook on U.S. debt, citing “fiscal deterioration, persistent debt ceiling negotiations, and ballooning interest payments.” Not surprisingly, the White House issued a lame statement disagreeing with the downgrade.
Well, you can disagree with Moody and Fitch all you want, Joe and Kamala, but the facts are the facts. During your collective term in office, the national debt has climbed by $7.3 trillion to more than $35 trillion. That’s a 21% increase in less than four years and as a result, every American citizen owes $105,000 and every U.S. household owes $266,000… all because the federal government refuses to live within its means.
In fact, this fiscal year, for the very first time in our country’s history, the interest on the national debt ($682 billion during the first nine months) has exceeded our entire defense spending ($644 billion during the same time frame).
As if that bleak economic news wasn’t disturbing enough, try this on for size. Ten-year baseline projections expect the national debt to exceed $50 trillion by 2034, swallowing the entire U.S. economy’s output, reaching 122% of our GDP.
My friends, there is a reason why Warren Buffet recently sold half of Berkshire Hathaway’s stock in Apple for cash. The “Oracle of Omaha”, who now owns more U.S. Treasury bills than the Federal Reserve, is sitting on more than $277 billion in liquid assets because he knows that an economic collapse is coming and when it does, “cash will be king”.
Sorry to be the bearer of so much bad news, but you ain’t seen nothing yet if Kamala Harris and Tim Walz are elected on November 5th.