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Another fraud
Filed under: Biased Agendas, Big Spenders | Tagged: Clown Show, Elections, Losers, Reality, Schadenfreude, The Liberal Plantation | Leave a comment »
Idiot’s Corner
Here’s one who thinks she has built a better mousetrap and demanding America buy it.
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Big Spenders
Like any other socialist idea, ‘FREE BASIC INCOME’ proves to be neither basic, income nor free.
Universal basic income had a rough 2018
This minimum stipend can be supplemented with wages from work. Advocates say it will help fight poverty by giving people the flexibility to find work and strengthen their safety net, or that it offers a way to support people who might be negatively affected by automation.
Getting people on board with basic income requires data, which is what numerous tests have been trying to obtain. But this year, a number of experiments were cut short, delayed, or ended after a short time. That also means the possible data supply got cut off.
Back in June we declared, “Basic income could work—if you do it Canada style.” We talked to the people on the ground getting the checks in Ontario’s 4,000-person test and saw how it was changing the community. Then, just two months later, it was announced that the program is ending in the new year rather than running for three years. The last checks will be delivered to participants in March 2019.
We’ve been waiting for basic-income data for a while. In 2016, MIT Technology Review predicted that “in 2017, we will find out if basic income makes sense.” There were two main tests we were waiting on. First there was Finland’s promising basic-income program, which received a lot of hype when it was launched in 2017. Then, in 2018, it was revealed that the program would not yet be extended beyond its original trial period. Another experiment, from tech incubator Y Combinator, has also faced more delays, pushing the experiment into 2019. [snip]
Problem 2: Funding
As you might imagine, giving away free money is expensive. Private tests must rely on generous donors and often struggle to raise the cash they need. Y Combinator has had to raise $60 million from individuals, national foundations, and local philanthropic groups. It has said the test won’t start until all the funding is obtained. Government projects, on the other hand, have to get support from tax-paying citizens and politicians. Lisa MacLeod, Ontario’s minister in charge of social services, cited the high cost of the project ($150 million in Canadian dollars) as the reason for the cuts and said it was “clearly not the answer for Ontario families.” [snip]
There are always some Lefty Loons who believe in giving away others money. And like all of these wonderful ideas run afoul of greedy people wishing to keep that which they worked hard to earn.
One of the problems is Liberals don’t like to give away THEIR money; yours is fine to hand out.
Filed under: Big Spenders | Tagged: Comunism, Economy, Enlightenment, Losers, Politicians, Reality, The Liberal Plantation | Leave a comment »
Big Spenders

The fools writing this mushwit stuff want YOU to give your money to them. That will make it equal.
Let them give their own money to the slugs, the downtrodden and to life’s maladroit.
Nearly half the world lives on less than $5.50 a day
In a twice-yearly report, the bank took a broader look at poverty to see where countries were lagging, even though the share of those living in extreme poverty—defined as earning less than $1.90 a day—has continued to come down in recent years.
Under the expanded criteria for poverty, the report found the number of poor worldwide was still “unacceptably high,” while the fruits of economic growth were “shared unevenly across regions and countries.” [snip]
Yeah, that is tough. Maybe they should change jobs. Rooting around for grubs and tubers with a pointy stick seems to be a limited job field. Perhaps a longer stick would help. Other than that they will need to learn how to say. “You want fries wit dat?”
Those words seem to work with the Snowflakes in their ascendancy to the pinnacle of success: Grill master.
And they want $15/hr for such skilled work They don’t even have to use a pointy stick.
Perspire to inspire and take a bath daily. It is called Capitalism.
Filed under: Big Spenders, International | Tagged: Comunism, Economy, Education, Reality, Schadenfreude, The Liberal Plantation | Leave a comment »
Big Spenders
How are your taxes? A posting found on Drudge noted that you pay more in taxes than on your monthly utility and all your house bills combined. This will get worse as time passes.
What happens when you cannot pay for the mortgage, that new car, all those neat electronic gizmos, food and insurance? Your income doesn’t cover all your debt, so you make payments when the collectors call up and finally : Bankruptcy>
Interest on the national debt now exceeds our spending on the Military.
At the rate of spending by the government increases, the interest also rises; any interest rate increases will require your taxes to rise to cover this cost. Then the government tries to pay the interest on those T-Bills that other countries bought.
It is your problem on a grand scale and we take it in the shorts, like Venezuela. Think about this in the upcoming Mid-term elections.
This post was cut short for the sake of brevity. Read the rest for I left out the really nasty parts about your life with out ll that government money sloshing around.
As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military
The run-up in borrowing costs is a one-two punch brought on by the need to finance a fast-growing budget deficit, worsened by tax cuts and steadily rising interest rates that will make the debt more expensive.
With less money coming in and more going toward interest, political leaders will find it harder to address pressing needs like fixing crumbling roads and bridges or to make emergency moves like pulling the economy out of future recessions.
Within a decade, more than $900 billion in interest payments will be due annually, easily outpacing spending on myriad other programs. Already the fastest-growing major government expense, the cost of interest is on track to hit $390 billion next year, nearly 50 percent more than in 2017, according to the Congressional Budget Office.
“It’s very much something to worry about,” said C. Eugene Steuerle, a fellow at the Urban Institute and a co-founder of the Urban-Brookings Tax Policy Center in Washington. “Everything else is getting squeezed.”
Gradually rising interest rates would have made borrowing more expensive even without additional debt. But the tax cuts passed late last year have created a deeper hole, with the deficit increasing faster than expected. A budget bill approved in February that raised spending by $300 billion over two years will add to the financial pressure.
The deficit is expected to total nearly $1 trillion next year — the first time it has been that big since 2012, when the economy was still struggling to recover from the financial crisis and interest rates were near zero. [snip]
With this cost that MUST be serviced, money for programs to repair/replace infrastructure such as roads, bridges and government buildings.
What is never mentioned is the pressure to keep the fake entitlements and it will also crush the real entitlements: Social Security, Medicare and Medicaid. Thanks to LBJ, he funded the Vietnam War with money from the Social Security Trust Fund by putting it into the General Fund. Congress loved it and cheerfully started spending this new “revenue”.
Filed under: Big Spenders, Government | Tagged: Bankers Gnomes & Trolls, Comunism, Congress, Economy, Elections, History, Reality, Republicans, Taxes | Leave a comment »