Everything You’ve Heard About The Debt Limit Is Wrong James D. Agresti

https://issuesinsights.com/2023/05/15/everything-youve-heard-about-the-debt-limit-is-wrong/

Contrary to widespread claims that the U.S. government will default on its debt if Congress doesn’t raise the debt limit, federal law and the Constitution require the Treasury to pay the debt, and it has ample tax revenues to do this.

Nor would Social Security benefits be affected by a debt limit stalemate unless President Joe Biden illegally diverts Social Security revenues to other programs.

The debt limit is a valuable tool for transparency, accountability, and for giving voters an ongoing say in how their money is spent.

The Debt Situation

The U.S. national debt has grown by $8.2 trillion since 2020 and is now $31.5 trillion. This is an average debt of $239,763 for every home in the nation.

Those figures don’t account for the government’s fiscal liabilities and unfunded obligations. When these are included — as the government requires in the financial statements of publicly traded corporations — the total federal shortfall is $135 trillion. This is an average burden of more than $1 million per household.

In addition, Biden has proposed a budget framework that will allow the national debt to grow over the next decade by $19.8 trillion, according to his own administration’s projections.

Such levels of red ink have perilous consequences for nearly everyone, like higher inflation, wage stagnation, investment losses, and lower standards of living.

DeSantis’s Legislative Record His pitch for 2024 is that he delivers results, without all the drama.

https://www.wsj.com/articles/desantis-legislative-record-florida-2024-education-crime-abortion-fa175ac2?mod=opinion_lead_pos1

Florida Gov. Ron DeSantis has a reputation as a cultural brawler, ready and willing to throw a right hook at Mickey Mouse, the College Board, the national press. To many GOP voters, it’s part of his appeal. But as Mr. DeSantis readies a 2024 presidential campaign, what deserves to get more attention is the agenda he recently helped usher through Tallahassee.

Mr. DeSantis is blessed with Republican supermajorities in both chambers of the Legislature, so he can’t claim total credit. Some planks of his platform are controversial among conservatives, and others could prove politically unpalatable to a national electorate. Yet there’s no denying that Mr. DeSantis gets things done. “The way we run the government, I think, is no daily drama, focus on the big picture, and put points on the board,” he once said.

Here’s an assessment of what the Governor has been touting lately:

• Taxes and spending: Florida has no income tax, but it does have a 6% sales tax, and there are new exemptions for such “family-focused” items as “diapers, wipes, children’s clothing, cribs, and strollers.” The state’s latest $117 billion budget is up about 6%, which is far from tight-fisted, and Mr. DeSantis’s office is boasting about $1 billion for Everglades restoration and water protection. But the state fisc is sound because revenue is flush from rapid economic growth.

Israel under Fire and The West’s Pusillanimous Response by Richard Kemp

https://www.gatestoneinstitute.org/19650/israel-under-fire-west-pusillanimous

Neither Ukraine nor Israel has any territorial ambitions or aggressive intent against their attackers — both Ukraine and Israel are fighting purely defensive wars to protect their civilian populations.

There is another common factor. Islamic Jihad in Gaza is an Iranian proxy terrorist group, funded and directed from Tehran. Iran’s hand is behind this conflict….

I do not recall any Western government or international body suggesting moral equivalence between the aggressor and the defender in the Ukraine war, but that is exactly what we have seen repeatedly in this and previous conflicts between Israel and Gaza with the UN Secretary General calling on “both sides” to exercise restraint.

Unlike the immediate condemnation of Russian violence, we have seen only silence in the US and Europe since Islamic Jihad’s rockets began to fall on Israel. The best we have heard from the White House is that “Israel has the right to protect itself”, a statement of the blindingly obvious. None of this is good enough when what is needed is the strongest support for Israel and the most blunt condemnation of Islamic Jihad, along the lines we see over the Ukraine war.

The usual media suspects, such as the BBC and CNN, both cheerleaders for Ukraine’s defensive operations, have predictably been doing their best to slant their coverage against Israel.

As we can see from the Western approach to Ukraine as well as wars everywhere, no other country that is unlawfully attacked by a foreign power is portrayed as the aggressor or at best on a par with the attacker…. The IDF takes the greatest possible care to defend its civilians while avoiding unnecessary casualties among civilians on enemy territory, frequently aborting attacks when there is the risk of killing innocent people….

Gaza terrorist leaders, on the other hand, make sure their wives and children are nearby and ready to die whenever there is the risk of attack against them. They deliberately position their weapons stores, missile launch sites and fighters among the civilian population, including in schools, hospitals and occupied residential buildings. The IDF will frequently warn civilians to get out of the area when preparing an attack. Understanding how this undermines their policy of causing maximum casualties on their own civilians in order to achieve international condemnation of Israel, terrorists in Gaza have warned their citizens that anyone who complies will be punished.

In such circumstances it is impossible for the IDF to do the vital work of destroying offensive weapons aimed against their own population and eliminating the terrorist commanders who direct them without inflicting some civilian casualties. Despite the misguided or malign commentary of some journalists, politicians, academics and human rights groups, such collateral damage is not illegal or a war crime, provided all possible measures are taken to avoid it.

In the last five days, more than 1,234 rockets have been fired from Gaza, 976 of which have crossed into Israel – a country roughly the size of New Jersey — with the remainder falling short into Gaza itself. The nearest comparable bombardment against Western countries was in 1944, when the Germans fired rockets at Britain with a maximum rate of 100 per day. Britain responded with a bombing campaign of devastating force in which many civilians were unavoidably killed.

The question Western commentators so eager to condemn Israel should ask themselves is: how many rockets fired into their own countries would be tolerated?

The Ukraine war has focused European governments’ minds on this issue and their current planning includes not just improving missile defences but also offensive capabilities to strike at the enemy in his own territory, just as Israel is forced to do today.

When Russia invaded Ukraine last year, Western governments, international organizations, media and human rights groups quite rightly rallied round without hesitation, recognising the need to give unreserved moral support to a nation defending itself from violent attack.

GOOD NEWS FROM AMAZING ISRAEL FROM MICHAEL ORDMAN

 MAY 14, 1945- THE WORLD REJOICED THE END OF WORLD WAR 2. FOR JEWS IT WAS A BITTERSWEET MOMENT OF MOURNING THE VICTIMS OF THE HOLOCAUST WHERE ONE OF EVERY THREE JEWS IN THE WORLD WERE KILLED.

MAY 14, 1948- THE DECLARATION OF THE ESTABLISHMENT OF THE STATE OF ISRAEL WAS PROCLAIMED, TERMINATING BRITISH RULE BY MIDNIGHT. THE REST IS HISTORY.

Here is Michael Ordman’s weekly catalog of Israel’s amazing contributions to the entire globe 75 years later. Read it all. rsk

www.verygoodnewsisrael.blogspot.com

Israel should be the first country to go to for solutions to the world’s biggest problems. In medical matters its First Aid is second to none. In the latest positive Israel newsletter, Israeli doctors performed the first ever operation to deliver gene therapy direct to someone’s brain. Israeli scientists discovered where red blood cells are first produced in the human body. And Israeli startups won international first prize awards for successful pain relief and skin therapy products.

Israel opened its first hydrogen refueling station. It launched the first medical incubator for startups in an Arab city. An Israeli-founded startup was responsible for creating the first capital city to go 100% solar powered during the daytime. One Israeli startup won an international Business Intelligence award and another won the Data Security Breakthrough award.  Other business firsts were achieved when foreign airlines began new routes to Israel and French supermarket giant Carrefour opened its first stores in Israel.

A young Israeli Druze woman became the first of her community to be in Israel’s winning female basketball championship team.  And although Israel only came 3rd in the Eurovision Song Contest, an Israeli woman triumphed in the World Judo Championships, resulting in the Israeli national anthem being played in Doha, the capital of Qatar.  Michael Ordman.

ISRAEL’S MEDICAL ACHIEVEMENTS
 
Historic gene therapy operation. (TY Atid-EDI) Doctors at Israel’s Sheba Medical Center made history with a 7-hour operation to deliver Upstaza gene therapy directly to the brain of a 4-year-old girl from India. The NIS  10 million cost per vial was the most expensive single Israeli surgery ever and was given free of charge.
https://www.israelhayom.com/2023/04/02/israeli-doctors-make-history-with-gene-therapy-treatment-to-brain/
 
The origin of red blood cells. Researchers led by Professor Ido Amit of Israel’s Weizmann Institute, have discovered that the kidney is the source of the hormone EPO (erythropoietin), which turns cells in the bone marrow into oxygen-carrying red blood cells. Increasing EPO in kidney disease patients could prevent anemia.
https://nocamels.com/2023/05/breakthrough-discovery-on-the-origin-of-red-blood-cells/
 
US approves portable 3D X-ray device. Israel’s Nanox (see here previously) has received US FDA approval for its light-weight imaging system for clinics and hospitals. The Nanox.ARC can employ up to five separate X-ray-emitting tubes at once for a 3D image. The FDA approved Nanox’s single-source X-ray bed in early 2021.
https://www.fiercebiotech.com/medtech/nanox-scores-clearance-cloud-connected-x-ray-bed-after-years-fda-review  https://en.globes.co.il/en/article-nanox-wins-fda-approval-for-cloud-based-xray-system-1001445270
 
Schizophrenia treatment gets US approval. The US FDA has approved UZEDY (risperidone), developed for the treatment of schizophrenia by Israel’s Teva and France’s Medincell. In a Phase 3 human clinical trial, UZEDY demonstrated up to 80% reduction in risk of schizophrenia relapse versus a placebo.
https://en.globes.co.il/en/article-fda-approves-innovative-teva-schizophrenia-drug-1001445160
https://www.tevapharm.com/news-and-media/latest-news/teva-and-medincell-announce-fda-approval-of-uzedy-risperidone-extended-release-injectable-suspension-/
 
Diagnosing children with fever. The 15-min BV test from Israel’s MeMed (see here previously) accurately diagnosed over 90% of bacterial versus viral infections at Israel’s Schneider Children’s Medical Center, reducing Emergency Department physician error. The study tested 287 children from 3 months to 18 years.
https://www.me-med.com/press-releases/clinical-data-validate-pioneering-memed-bv-technology-improves-diagnosis-of-pediatric-patients-with-fever-in-the-emergency-department/
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0281018
 
Relieving post-op pain. (TY Atid-EDI) Israel’s PainReform has just completed a Phase 3 human trial of its PRF-110 post-operative pain relief. The oil-based, viscous, clear solution is deposited directly into the surgical wound bed prior to closure to provide localized and extended post-operative analgesia.
https://painreform.com/releases/painreform-announces-positive-safety-data-in-first-part-of-phase-3-clinical-trialof-prf-110-in-patients-undergoing-bunionectomy-surgery/  
 
Modifying gut bacteria to fight disease. (TY Atid-EDI) Israel’s Trobix Bio is using CRISPR, phage, and synthetic biology technologies to develop precision microbiome oncology therapeutics. TBX101 counters anti-biotic resistance; TBX201 reduces chemotherapy side-effects; TBX301 tackles gut inflammation.
https://www.trobix.bio/   https://www.youtube.com/watch?v=h1MsWkhBAyM
 
Israeli partnership to bio-print organs. Israeli startups Stratasys (see here previously) and CollPlant (see here previously) are jointly to create human tissues and organs. They will use Stratasys’ P3 bioprinter and CollPlant’s rh-Collagen-based bioinks. The first project will be to produce reconstructive implants.
https://ir.collplant.com/news-events/press-releases/detail/144/stratasys-and-collplant-unite-technologies-to-transform
 
Award-winning skin therapy. (TY Atid-EDI) Israel’s SofWave Medical (see here previously) has won two recent international awards. At the 13th Annual NewBeauty Awards it won Best Noninvasive Cellulite Treatment. Then it won the Good Housekeeping Magazine Award for Best Anti-Aging Pro Treatment.
https://sofwave.com/news/sofwave-wins-2023-newbeauty-award-for-best-non-invasive-cellulite-treatment/
https://www.globenewswire.com/news-release/2023/05/02/2659180/0/en/Sofwave-Wins-Good-Housekeeping-Magazine-Award-for-Best-Anti-Aging-Pro-Treatment.html
 
Prize-winning pain relief. (TY Atid-EDI) Israel’s TrainPain has won the Grand Prize in the American Academy of Pain Medicine (AAPM) & MIT Hacking Medicine Innovation Challenge. TrainPain uses neurotechnology to retrain sensory the brain through engaging haptic mobile games.
https://www.prnewswire.com/news-releases/trainpain-awarded-grand-prize-in-the-american-academy-of-pain-medicine–mit-hacking-medicine-innovation-challenge-301814260.html  https://www.trainpain.com/
https://pain.haifa.ac.il/projects/train-pain/
 
Reduction in Israeli skin cancer rates. In the 1990s, Israel had the 3rd highest rate of melanoma (skin cancer) per capita in the world. In 2020, Israel was not even in the top 20. Reasons include the Chacham B’Shemesh (Smart in the Sun) programs from preschool to 12th grade. Plus, annual checkups and early excision.
https://www.israel21c.org/melanoma-deaths-are-dropping-in-israel-heres-why/

Everything New Under the Sun History and civics scores plummet in our constitutional republic.

https://amgreatness.com/2023/05/12/everything-new-under-the-sun/

Surfing the web, I came across a clever name for an Ohio secondhand resale shop: It’s New to Me. Makes sense. After all, if a person was unaware of something, upon discovery, it would be new to them. Because schools have failed to provide adequate instruction, “It’s new to me” is what a growing number of tomorrow’s American adults will say when encountering history and civics.

The National Assessment of Educational Progress (NAEP) quadrennial release of the “Nation’s Report Card” shows a precipitous decline in eighth graders’ proficiency in history and civics; and, consequently, a prospective boon for further leftist indoctrination.

With a hat tip to American Greatness’ writer Eric Lendrum, the state-subsidized NPR bears the bad news to America’s parents and citizens: 

[The 2022] history scores are the lowest recorded since the assessment began in 1994, and the new data mark the first-ever drop in civics . . . continuing a downward trend that began in 2014. Only 14% of students reached at or above ‘proficient’ mark in history, and in civics only 22% of students met the same benchmark.

These declines followed previous declines in fourth- and eighth-graders’ reading and math proficiency. This constitutes a significant problem, as Kerry Sautner, the chief learning officer at the National Constitution Center in Philadelphia, noted: “How are we going to mitigate this when we have significant drops in everything?”

U.S. Education Secretary Miguel Cardona cited the COVID-19 pandemic as a significant reason for the students’ declining proficiency. Of course, he eschewed allotting any blame to those who ignored the science and demanded the prolonged closure of schools. 

From The American Gulag Chronicles By Eileen F. Toplansky

https://www.americanthinker.com/articles/2023/05/from_emthe_american_gulag_chroniclesem.html

The idea that Americans known as the January 6th protestors are now languishing in prison because they exercised their  rights to protest is shocking and beyond belief.

In the mid-1970s I and others worldwide were active in a letter writing campaign to Soviet Jewish refuseniks. Anatoly Sharansky is probably the most well-known of these dissidents.  While most of the letters were heavily censored, some did get through and it gave hope to those prisoners of conscience that the world was hearing them despite the malevolence of the communists.

One of my treasured documents is a letter from the wife of Hillel Butman, who was falsely accused of being a spy. She wrote to me that she “wished [me] much power for I knew what to do with it.”  It was a truly incredible and profound statement that I have never forgotten.

It reminds one of the unfortunate truth as stated by John A. Stormer in his Death of a Nation (1968) wherein he wrote,

Our founding fathers were men who — from their study of history… learned that down through history whenever man got power he used it to oppress other humans beings.

Thus, the idea that Americans known as the January 6th protestors are now languishing in prison because they exercised their G-d-given rights to protest is shocking and beyond belief.  It hearkens back to those refuseniks who were denied any justice and mercy.

The American Gulag Chronicles: Letters from Prison (2022) authored by Tim Rivers contains the letters and artwork by the latest victims of despotic rule under Joe Biden and his allies.  The editor-in-chief of this work is Marie Goodwyn, the mother of J6 defendant and video journalist Daniel Goodwyn.  Moreover, an international volunteer team of professional typesetters and proofreaders were instrumental in getting the book done.

Vivek in Iowa By David D. Begley

https://www.americanthinker.com/articles/2023/05/vivek_in_iowa.html

The NYT hates Vivek Ramaswamy. What could be a better recommendation?

If elected President, Vivek Ramaswamy would be historic.  He would be the first Jesuit high school graduate elected to the highest office in the land.  (See what I did there?)

Since this author and the candidate were both beneficiaries of a Jesuit high school education, I asked him how this influenced him.  He gave me a fascinating answer.

The Jesuits speak of magis; Latin for more.  Vivek said that he learned that magis means striving to do more and to be better.  As a country, we have ideals but we will fall short.  But both personally, and as a country, we continue to keep seeking perfection.

Vivek is not Christian, but he believes in God.  He became pro-life at his Jesuit high school.  One of the Jesuit’s precepts is to see God in all things.  Vivek put it this way, “God resides in all of us.”

My other question was about a negative New York Times story about him this week.  He said he’s not a whiner and was somewhat glad for the attention.  He expects to take hits during the campaign as part of the vetting process.

The main thrust of the NYT piece was that the president doesn’t have the executive power to take certain actions such as abolishing the Department of Education.  We know that.  But that claim is shorthand for the direction Vivek would take.

He deviated from his stump speech after an impressive recitation of part of the Declaration of Independence by a group of young people.  It was a brilliant impromptu riff.  Vivek’s favorite president is Thomas Jefferson.  No surprise there as they are both Renaissance men.

Jefferson’s original draft used the words “we hold these truths to be sacred and undeniable.”  Ben Franklin changed it to “we hold these truths to be self-evident.”  I know that this is accurate.

Vivek’s point was that what our country was founded on was not at all self-evident at the time.  The rest of the world was mostly under authoritarian rule.  We were a new beginning.

US Has Had a “Historic Winter” As “All Western States Have Seen Record Snowfall”

https://wattsupwiththat.com/2023/05/10/us-has-had-a-historic-winter-as-all-western-states-have-seen-record-snowfall/

The western US has had an historic winter. From record-breaking cold spells to unprecedented amounts of snow, this has been a memorable cold season – and one that runs counter to the prophecies of the AGW party.

Starting with the cold – and according to data from the warmth-addicted NOAA – the US has set 7 all-time low temperature records so far this year (through April 24) compared to just one heat record, while 321 monthly lows have fallen in April alone (also through April 24) compared to 66 heat records.

Highest April 1st snow cover recorded this year

Regrading snow, in the official books going back to 2001, the largest area ever covered with snow/ice in the western US at the beginning of April so far was 2019’s 1,030,820 sq km, but this year that figure was far exceeded, with satellite imagery showing that more than 1,149-960 sq km of the West was covered with snow and ice on 1 April.

By comparison, the average snowpack in the western US at the end of March is 242,000 square miles.

Jeffrey H. Anderson: The Harm Caused by Masks A new study suggests that the excess carbon dioxide breathed in by mask-wearers can have major health consequences.

https://www.city-journal.org/article/the-harm-caused-by-masks

Evidence continues to mount that mask mandates were perhaps the worst public-health intervention in modern American history. While concluding that wearing masks “probably makes little or no difference” in preventing the spread of viruses, a recent Cochrane review also emphasized that “more attention should be paid to describing and quantifying the harms” that may come from wearing masks. A new study from Germany does just that, and it suggests that the excess carbon dioxide breathed in by mask-wearers may have substantial ill-effects on their health—and, in the case of pregnant women, their unborn children’s.

Mask-wearers breathe in greater amounts of air that should have been expelled from their bodies and released out into the open. “[A] significant rise in carbon dioxide occurring while wearing a mask is scientifically proven in many studies,” write the German authors. “Fresh air has around 0.04% CO2,” they observe, while chronic exposure at CO2 levels of 0.3 percent is “toxic.” How much CO2 do mask-wearers breathe in? The authors write that “masks bear a possible chronic exposure to low level carbon dioxide of 1.41–3.2% CO2 of the inhaled air in reliable human experiments.”

In other words, while eight times the normal level of carbon dioxide is toxic, research suggests that mask-wearers (specifically those who wear masks for more than 5 minutes at a time) are breathing in 35 to 80 times normal levels.

The German study, a scoping review of existing research, aimed “to investigate the toxicological effects of face masks in terms of CO2 rebreathing on developing life, specifically for pregnant women, children, and adolescents.” The latter two groups, of course, have been among those most frequently subjected to mask mandates in schools, despite Covid’s low levels of risk for them and the evidence that masks don’t work.

The real reasons stores such as Walmart and Starbucks are closing in big cities By Nathaniel Meyersohn,

To reinvent downtown retail, drastic changes may be required.

Some of those policymakers, including both Republican and Democratic leaders, have pointed to crime as a chief reason for the closures, following videos of brazen shoplifting incidents.

“We’re losing chain stores that are closing down. People who are being employed in those stores are losing their jobs” because of crime, New York City Mayor Eric Adams, a Democrat, said in February.

But the impact of shoplifting may have been overstated in some cases.

Walgreens said it saw a spike in losses, known as shrink, during the pandemic and cited organized retail crime in its decision to close five San Francisco stores in 2021. But it recently backtracked.

“Maybe we cried too much last year” about shrink numbers, a Walgreens executive said in January.

What Walmart’s pullback from Chicago says about Corporate America’s limits

And instead of a strong correlation with crime rates, the closures aren’t also a recent phenomenon.

San Francisco, Los Angeles, San Diego, New York City, Seattle, Miami and Chicago lost retail stores from the beginning of 2017 to the end of 2021, according to research from the JPMorgan Chase Institute, a think tank.

What’s more, experts agree, the closures aren’t just about crime. Several trends have converged to put these stores at risk.

Perhaps most key is the glut of stores in America.