Washington Admits Fraudulent Accounting Again CBO flags a $66 billion Beltway bamboozlement.

https://www.wsj.com/articles/washington-admits-fraudulent-accounting-again-53587f09?mod=opinion_lead_pos11

You have to laugh or cry when the Congressional Budget Office issues an occasional reminder that lawmakers use bogus accounting to hide from taxpayers the true cost of federal programs. Give CBO credit for honesty as it points out how required official estimates are at odds with real-world bookkeeping. Last week CBO explained how its new report on federal support for consumer and business lending measures the downside:

The report shows two kinds of estimates: those currently used in the federal budget, which are made by following the procedures specified in the Federal Credit Reform Act of 1990 (FCRA), and those referred to as fair-value estimates, which measure the market value of the government’s obligations…
Using FCRA procedures, CBO estimates that new loans and loan guarantees issued in 2024 would cost the federal government $10.9 billion over their lifetime. But using the fair-value approach, CBO estimates that those loans and guarantees would have a lifetime cost of $76.7 billion.

The fair-value estimate is 10 times what Beltway accounting claims?! This suggests a fraud so large that it might persuade even former Enron adviser Paul Krugman to rescind his 2021 endorsement of “budget chicanery.”

A government that habitually embraces such financial shenanigans over decades could someday run up a debt of $32.7 trillion.

Now that someday has arrived, the question is when the reckoning will occur. Dan Clifton of Strategas writes in a note to clients today that “the next president will face a once in 40-year shift in monetary policy, fiscal policy, and geopolitics that requires serious governing.”

A bit of history never goes amiss. Victor Sharpe (2011)

President Obama’s lugubrious policy of denigrating America whenever he visits developing Third World countries includes craven, mournful apologies for perceived past American sins to some of the world’s worst thugocracies. British Prime Minister, David Cameron, alas, appears to be sinking to the same level in apologizing for alleged British sins.

The Prime Minister was recently in Pakistan — that Muslim nation that has just seen U.N. officials beheaded and scores of people murdered by frenzied Muslim mobs upset at the burning of a Koran by an American Christian pastor.

Of course, burning the Jewish Torah (first five books of the Bible), the Bhagavad-Gita, (Hindu Gospels), the Tripitaka (Buddhist holy book) and the entire Bible itself would never engender beheadings or murders: such horrors are left to the followers of Islam.

But David Cameron has some problems with history, it seems. His words imply that Britain is responsible for all the ills between India and Pakistan — stating that Britain’s, “imperial legacy was to blame for the current conflicts in many parts of the world’s trouble spots.” He continued, “As with so many of the world’s problems, we are responsible for the issue in the first place.”

According to Nile Gardiner, Mr. Cameron, while on a trip to Washington last July, 2010, also described Britain as the “junior partner” to America in fighting the Germans in 1940. Are we to understand that Prime Minister Cameron does not know that Britain fought alone once war was declared on September 3, 1939 and that the US did not enter the war until December 7, 1941, and then only because the Japanese attacked Pearl Harbor?

Again, according to Nile Gardiner, writing in the London Daily Telegraph on April 5, 2011, Cameron’s predecessor, Gordon Brown, had responded to an earlier attack on Britain by Thabo Mbeki, then South Africa’s president, by declaring that, “… the days of Britain having to apologize for its colonial history are over,” and that, “we should celebrate much of our past, rather than apologize for it.”

Dissecting the George Soros agenda By David Isaac

https://www.jns.org/jns/george-soros/23/8/21/312008/

Conservatives have long warned against George Soros, the Hungarian-born billionaire famous for pouring money into left-wing causes, but Rachel Ehrenfeld, author of “The Soros Agenda,” was one of the first to speak out about what she describes as the subversive threat Soros poses to America and the West.

Ehrenfeld first became aware of Soros’s plans in the 1990s due to her research on drug addiction and drug trafficking (Soros’s first foray into American public policy was drug legalization). “I knew that drug legalization would cause a massive increase in the number of drug addicts,” writes Ehrenfeld.

“Moreover, I recalled that enabling easy access to narcotics was mentioned in the ‘Soviet Military Encyclopedia’ as an important weapon during so-called peacetime. It was recommended because when easily accessible, narcotic use spreads like fire, undermining the targeted country’s society, economy, and political integrity,” she continues.

In February 1995, as result of her expertise on drug issues, Ehrenfeld found herself invited to a dinner at Soros’s home in New York City. He posed as open-minded and prepared to debate the drug issue, so she decided to correct him when he praised the Swiss. (Ehrenfeld had just returned from Switzerland, where she met with experts involved in a government-sponsored project to supply addicts with heroin, morphine and free needles—an experiment which proved a disaster.)

“[P]olitely, I interrupted Soros, pointing out he was ill-informed. He seemed stunned that I dared contradict him and forcefully repeated his praise of the Swiss. When I insisted he was wrong, the angry Soros turned around and left the big living room. The other guests, who until then stood around us, listening, moved very fast away from me. The scene reminded me of something Woody Allen would have created,” she writes.

Ehrenfeld recognized that Soros was determined to change America’s drug policy. In a Feb. 7, 1996 Wall Street Journal op-ed, she cautioned that Soros’s “sponsorship unified the movement to legalize drugs and gave it the respectability and credibility it lacked.” She also warned that if Soros went unchallenged, he would alter the political landscape in America. She even visited senators and Republican mega-donors to tell them Soros must be countered. Nobody took action, she said.

View in browser When humanity becomes the enemy Few are aware of the links between fascism and climate change Melanie Phillips

https://melaniephillips.substack.com/p/when-humanity-becomes-the-enemy?utm_source=substack&utm_medium=email

At the end of the 18th century, the economist Thomas Malthus predicted that the world’s population would outstrip food supplies unless the increasing number of people was checked by restraints such as war, famine or disease. As a result of his apocalyptic prediction, he thought that most people should die without reproducing.

In fact, although the world’s population has massively increased since then, hunger and the absolute poverty that produces starvation have declined. Science, progress and human ingenuity produced a dynamic which Malthus failed to foresee, along with other flaws in his thinking. So he has been proved spectacularly wrong. Everyone knows that… don’t they? 

Well, apparently not. From the readers’ comments thread below my column in this morning’s Times of London (£), it appears that most of them believe Malthus was right! Reader and after reader wrote it was obvious that the world’s resources were finite, and so it was obvious that there were too many people in the world as a result. 

The fact that the global catastrophe Malthus had predicted hadn’t happened was brushed aside. All that meant, they said, was that this hadn’t happened yet. But it would in the end!

This absence of reason is alarming; but it explains why so many have fallen for today’s corresponding myth of imminent global apocalypse: catastrophic man-made global warming. “Malthus was right!” tells us something very frightening about public ignorance, gullibility and the persistent grip of religion-substitute beliefs that are a byway to hell.

In my Times column, I wrote about the reaction of a leading British demographer, Professor Sarah Harper, to the 20-year low in the birthrate in England and Wales which reflects a long-term trend of falling birth rates across the world. 

Professor Harper commented that falling birthrates in the west were “good for . . . our planet”. Declining fertility in rich countries, she said, would help to address the “general over-consumption that we have at the moment”, which was having a negative impact on the world.

Victor Davis Hanson Compares the Israeli Left with the US Left An Interview with Victor Davis Hanson.’The philosophy of the left globally is that they are so morally superior…that they have to use any means necessary. Sarah Lehmann

https://www.israpundit.org/victor-davis-hanson-compares-the-israeli-left-with-the-us-left/

You recently visited Israel. Can you talk about your impressions of the country as it is enmeshed in a conflict over judicial reform? Do you see parallels between Israeli protesters against reform and the American left?

Yes, I do. I think the Israeli left, like the American left, doesn’t believe that its agenda will achieve 51% public support necessary to ensure they have the political power to achieve that agenda. In lieu of public support for an agenda that’s often utopian or impractical, or antithetical to the foundational documents of the country, they always look at process.

Here in the U.S., if the left can’t get certain legislation through then they look to the courts. If the courts are not sympathetic, they talk about packing them. Or if they don’t get the vote that they want, they want to change the electoral college or get rid of the Senate filibuster or change the voting laws.

I don’t think people in the U.S. understand what Israel’s dealing with regarding their Supreme Court and its history. It’s not anything like our Supreme Court. It’s sort of a combination of the U.S. House, Senate and Supreme Court as if they were all from one party, so it’s one ideology that can make legislation by judicial fiat. It’s not the same as it was 40 or 50 years ago, and its transformation had no legal statute.

From what I saw in Israel, whether it’s due to immigration, changing attitudes or the success of conservative policies, Israeli elites feel their message cannot persuade people as it might have in the past. So they count on the Supreme Court in a way that elites in the U.S. count on courts or bureaucracies to enact social change.

Is part of the reason Americans don’t understand judicial reform because there are those, including the media, who don’t want them to know?< Yes, I think that’s 90% of it. If you look at NPR, PBS, the network news, the New York Times, the Washington Post, or social media, the message is consistently that Netanyahu is a counter-right Trumpian figure and a revolutionary rightist. That’s all they need to know. Our media thinks that Israel is dealing in the same manner that we are dealing with Trump, and therefore all means necessary are ok. Just as in the U.S. they weaponize the FBI, the CIA, and the DOJ to stop Trump, so it’s ok in Israel to do anything necessary to stop Netanyahu. As we have myths like Hunter Biden’s laptop is Russian collusion, or January 6th was an armed insurrection that killed an officer, so Israel has a myth that Bibi Netanyahu is trying to destroy the whole court system.

After Destroying Lebanon, Iran-controlled Hezbollah Threatens War with Israel by Bassam Tawil

https://www.gatestoneinstitute.org/19916/lebanon-iran-hezbollah-war

Hassan Nasrallah, Secretary-General of the Hezbollah terror group, recently threatened to send Israel back “to the Stone Age” if it goes to war with Lebanon — meaning defend itself against an Iranian-Lebanese attack.

While Nasrallah’s threat to destroy Israel is not new, he surely knows a thing or two about sending countries back to the Stone Age. His Iran-backed group, which functions as a state-within-a-state in Lebanon, is responsible for turning the Arab country into a failed state.

Two days after Nasrallah made his latest threat against Israel, Lebanon witnessed widespread blackouts, forcing Beirut Airport to run on electric generators.

“On the other side of the spectrum is the understanding that Lebanon was coerced into collapse by Hezbollah and its regional broker, Iran.” — Fadi Nassar, assistant professor in political science and international affairs, Lebanese American University; Saleh El Machnouk, lecturer in political science, Saint-Joseph University, Beirut; mei.edu, March 24, 2023.

“Lebanon has been hit by a debilitating new wave of hyperinflation, the imposition of its judiciary over the local investigation into the Port of Beirut blast, and a European investigation into the Central Bank.” — Fadi Nassar and Saleh El Machnouk; mei.edu, March 24, 2023.

“Hezbollah and [former Lebanese president Michel] Aoun have destroyed everything that made Lebanon great. The Arab world’s banking capital is bankrupt. Tourists don’t frequent destabilized states run by terrorists. Former regional partners refuse to have anything to do with us. Our celebrated culture is trampled underfoot by barbarian theocrats. Beirut no longer has a viable port.” — Baria Alamuddin, award-winning Lebanese journalist and broadcaster, arabnews.com, September 27, 2020.

Since the explosion at the Port of Beirut [which killed more than 200 people, injured thousands more, and displaced half of Lebanon’s capital city], Hezbollah has been trying to obstruct the investigation into the incident by the Lebanese authorities.

“All indications, signs, and collected evidence of weapons and explosives, prove beyond the shadow of a doubt, that Hezbollah, backed by the mullahs in Iran, have turned Lebanon into a massive arms and explosives warehouse.” — Mohammed al Shaikh, Saudi political analyst, alarabiya.net, September 29, 2020.

“Hezbollah’s militia, as was publicly and boldly recognized by its Secretary-General Hassan Nasrallah, is trying to convert Lebanon into an Iranian mullah’s province, from which he receives his arms and all the funds and equipment he requires. Hence, the crimes committed by Hezbollah, including the Beirut explosion, are in fact an extension of Tehran’s orders… Although they cannot be publicly vocal about it, all the Lebanese hold Hezbollah responsible for the port bombing. People know that if they do express their opinion, physical liquidation awaits them….” — Mohammed al Shaikh, alarabiya.net, September 29, 2020.

Nasrallah and his masters in Iran care nothing about the suffering of the Lebanese people. What they care about is power, spreading their control to other Arab countries, and fulfilling their ambition to destroy the only successful and democratic country in the Middle East: Israel. Besides Lebanon, Iran’s terror proxies have also wreaked havoc in Syria, Yemen and Iraq. How ironic that Nasrallah, the terrorist leader who has decimated his own country, is now, with the backing of Iran, threatening to take another state back to the Stone Age.

The Ruling Class Sits atop a Boiling Pot By J.B. Shurk

https://www.americanthinker.com/articles/2023/08/the_ruling_class_sits_atop_a_boiling_pot.html

In the history books, great social revolutions are often distilled into digestible reasons for their emergence.  Rising unemployment, widespread illness, cultural upheaval, and rapid technological change have all been diagnosed as the proximate causes for various sudden shifts in society.  If you look past those antiseptic historical autopsies, though, and concentrate on the feelings and passions of the people who experienced the revolutions firsthand, you will find another symptom present in every single movement for great change: popular rejection of ruling class lies.

People despise lies, especially lies that have had the effect of making them feel foolish.  People despise lies so much that they will go out of their way to pretend obvious lies are somehow still based in truth.  It is much more comfortable to believe that governing institutions continue to make “honest” mistakes than to accept that those institutions abandoned honesty a long time ago.  It is easier to spin one lie away with yet another soothing lie than to accept the darker, harder, bitter truth.  However, officially sanctioned lies tend to coagulate in the body politic much like spike proteins clotting in the blood until, eventually, the whole system just bursts.

When that happens, people become rightly mad.  They are mad not only because they finally recognize that their government has been engaged in massive deceptions, but also because they are ashamed for having defended obvious lies as truths for far too long.  Rage is the inevitable result — a rejection of the people and institutions responsible for such degrading self-delusions.  And when rage arrives, a peculiar thing tends to happen: fewer and fewer ruling-class heirs remain to defend the status quo.  History records successful revolutions when the previous system’s liars rebrand themselves, recede into the background, or simply disappear.

Whatever else you might think about our current historical moment, one observation is inescapable: rage is in the air.  And how is the ruling class responding?  Instead of turning down the temperature under a boiling pot already spilling over, it is frantically pressing down an iron-laden lid and hoping the pressure won’t build.  The vast majority of Americans believe that their elections are tainted by fraud, but the ruling class chooses to see nothing.  Rising political dissent is met with government-engineered censorship and false imprisonment.  Popular opinions against illegal immigration and unnecessary wars and for energy independence and less government regulation are entirely ignored.  The people’s wants and needs are scorned, while the unaccountable bureaucracy imposes its will upon the unwilling.  Just as every other deposed ruling class has done in the past, our ruling class has chosen to stand on top of the lid barely containing society’s boiling pot of passions, buoyed by the false notion that raw force will make that pot less likely to explode.

Will Princeton Remove a Jew-Hating Blood-Libel Text From a Syllabus? Academia and venomous lies. by Hugh Fitzgerald

https://www.frontpagemag.com/will-princeton-remove-a-jew-hating-blood-libel-text-from-a-syllabus/

The International Legal Forum (ILF), a nonprofit organization based in Tel Aviv which advocates for equality in Israel and the Middle East, on Sunday asked Princeton University to remove from the syllabus of a new Department of Near Eastern Studies course a book that accuses the Israeli Defense Forces of “maiming” Palestinians and of harvesting the organs of Palestinians they have killed, about which I wrote on Thursday. More on this request can be found here: “Legal Group Seeks Removal of ‘Blood Libel’ Book from Princeton University Course,” by Dion J. Pierre, Algemeiner, August 9, 2023:

The International Legal Forum (ILF), a nonprofit organization based in Tel Aviv which advocates for equality in Israel and the Middle East, on Sunday asked Princeton University to remove from the syllabus of a Department of Near Eastern Studies course a book that accuses the Israeli Defense Forces of “maiming” Palestinians and harvesting their organs.

Students in the class are assigned Rutgers University professor Jasbir Puar’s The Right to Maim for a course titled “The Healing Humanities: Decolonizing Trauma Studies from the Global South,” which will be taught by Professor Satyel Larson this fall. Right to Maim has been accused by academics of being “pseudo-scholarship” for trafficking in antisemitic blood libels rooted in medieval conspiracies charging that Jews murdered Christian children and drank their blood during Passover.

Puar began making such claims in Feb. 2016, when she said at Vassar College  that “young Palestinian men…were mined for organs for scientific research.” At the same event, she accused Israel of committing “genocide in slow motion.” Later that year, during a panel at Dartmouth College she said Israel uses “maiming as a deliberate biopolitical tactic” to enforce settler-colonialism.

The FBI as Grand Inquisitor The American people need the truth, not political theatre. by John Nantz

https://www.frontpagemag.com/the-fbi-as-grand-inquisitor/

The Domain product leaked from the FBI Richmond field office revealed an ugly, subterranean influence lurking within the analyst population. The presuppositions were faulty. The analysis shoddy. And, the footnoted sources were scurrilous at best. It was a left wing treatise masquerading as an analytical product.

Whoever wrote and approved the now infamous document clearly has an axe to grind with what is described as radical-traditionalist Catholic (RTC) ideology. The footnotes describe RTC adherents as individuals who reject “the Second Vatican Council (Vatican II) as a valid church council; [have] disdain for most of the popes elected since Vatican II…and [exhibit] frequent adherence to anti-Semitic, anti-immigrant, anti-LGBTQ, and white supremacist ideology.”

The footnotes continue, “Radical-traditionalist Catholics compose a small minority of overall Roman Catholic adherents and are separate and distinct from ‘traditional Catholics’ who prefer the Traditional Latin Mass and pre-Vatican II teachings and traditions, but without the more extremist ideological beliefs and violent rhetoric.”

The initial analysis of this document and subsequent reporting has been somewhat inaccurate. It is not accurate to assert that this document is focused on “Traditional Catholics,” but rather focuses on “a small minority” who allegedly espouse radical “extremist ideological beliefs and violent rhetoric.” However, the public’s concern is well founded. This document is a foray into the very sanctum of constitutionally protected religious liberty.

In fact, the often misquoted letter penned by Thomas Jefferson, used by militantly secularist liberals to mischaracterize the “wall of separation between church and state,” addresses this very issue.

Half of Dems Want Biden Gone If Bribery Charges Are True: I&I/TIPP Poll Terry Jones

https://issuesinsights.com/2023/08/21/ii-tipp-poll/

Congressional investigators claim to have strong evidence that President Joe Biden and his family received a staggering $20 million or more in payments from foreign sources while he served as vice president under Barack Obama. If proven true, two-thirds of Americans say that Biden should either resign or be impeached, the latest I&I/TIPP Poll indicates.

The accusation of possible bribery is serious. And a key House investigative panel says it has evidence, mostly bank statements, to back up claims that Biden took money from oligarchs in Russia, Ukraine and Kazakhstan.

“The tally of foreign money to the Biden family has hit at least $20 million, based on the third round of bank records the House Oversight and Accountability Committee released Wednesday — pointing to millions from oligarchs from Russia, Kazakhstan, and Ukraine,” reported the Daily Signal.

In its latest monthly sounding of public opinion, the national online I&I//TIPP Poll of 1,369 voters, taken Aug. 2-4, asked Americans, what should be done if the allegations prove true?

A significant 67% majority responded that Biden should either “resign immediately” (24%) or “be impeached and removed from office” (43%). Those supporting more lenient treatment totaled just 23%, with 15% saying Biden should “be allowed to finish his term in office, but not run again,” and 8% supporting “run again in 2024, regardless of the findings.”

Another 10% responded “not sure.” The poll has a margin of error of +/-2.7 percentage points.