U.S. National Debt Ceiling

US Government funding ran out September 30, 2021. The U.S. government owes nearly $29 trillion. U.S. state and local governments owe another $3.5 trillion. Americans today already owe a total $32.5T for public infrastructure. And, since Congress could pass a new $3.5 trillion bill on September 27th, it’s widely reported the government will default unless it borrows more money, wiping out up to $15 trillion in wealth and costing millions of jobs!

Media frenzied, 325 million Americans, discounting federal workers, will lose jobs and their stuff will be worth less unless their government borrows money. And also according to U.S. Treasury Secretary Janet Yellen, if the government doesn’t borrow money that taxes we pay to go shopping cover then we’ll lose wealth and jobs!

What news won’t publish about raising the debt ceiling is, as the amount of U.S. dollars increases, how politicians are deciding which Americans will get less.

Every economist knows loans increase the money supply. Economists also know “price” is a relative value. If everyone has more money then what’s more money going to afford? The truth is that this year’s debt ceiling campaign Congress votes on will afford many Americans LESS if the government’s $3.5 trillion infrastructure bill ever passes.

According to news, Democrats are pushing to raise the debt ceiling before the government “runs out of money” and U.S. Republicans firmly won’t support this legislation.

Loans increase money supplies when bonds become saleable assets (T-bonds). A loan creates a bond; as the number of bonds increase these new assets act to inflate the value of an economy. If everyone has more money, nobody is better off. Thus, raising the U.S. debt ceiling means many Americans must get less than their per capita share of economic growth, pegged at $15 trillion by research reports, for it to work at all.

It’s America’s unemployed- people who have no income like me- who will probably get less than their share of any economic growth that results from new legislation allowing the U.S. government to borrow more money.

Yet it’s U.S. Democrats who are also pro- unemployment and public welfare (entitlements).

The fact Democrats are the elected officials voting for this bill embodies America’s perilous fraud. Today, Americans owe $32.5 trillion in local, state, and federal public debt. Americans also have credit card debt, auto lease, student loan, and mortgage payments to make.

Unemployment

Church is pleased to announce a new sermon from Religion. The second annual sermon about effects of Meritocracy, a social system creating opportunities, on economics was published November 29th, 2020.

Consequences of the sermon are Meritocracy is a system of titled achievement similar to nobility that makes a person “entitled.” Advocates argue the alternative, Capitalism, is oppressive and that people born to wealth-less families get overpowered. Yet land is one of many business assets academia doesn’t control so Democrats campaign to socialize means of production. But real growth always stops in Socialist systems like Meritocracies.

Driven by school curricula, planned sequences or courses, discovery is suppressed in Meritocracies which won’t work if educators don’t control jobs like they do for U.S. government. Even Democrats expose its failure in their campaigns for legislation like student loan forgiveness!

To have sermons delivered by email visit Religion and subscribe. Visit Religion to read its faith in three to four laws. Or visit Religion and donate so Church can develop its infrastructure and charities today.

Full House of Corrections

Since February, 2011, despite welcoming government censorship before Barack Hussein Obama leaked the classified Seal Team 6‘s Pakistani invasion to capture Osama bin Laden, Church has been independent. It wasn’t until October, 2012 that the company published Cosmo Starlight’s “Freedom Incorporated.” Regardless of early warnings about DoEd and addresses sent to The Trump Organization for relief from contradictions in capitalism like education, on October 30th, 2020 a former Full House star and his Secretary of Education Lori Loughlin turned herself in for conspiracy to commit fraud.

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Editing DNMW/A in Retreat

This year contributors edited parts of author Ethan Collins’ upcoming “Do Not Mix with Alcohol” in residence, an investigation told by recollections of burned-on-the-job firefighter Mason Garnière into the marriage of appearance to reality. Church booked its retreat above the Okavango River using Airbnb. Read novel samples in this article inline with our breathtaking nature sanctuary pictures.

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Policy Threatens Airbnb IPO

Imagine requesting service from a criminal, writing your travel itinerary and sending money to them all before finding that the place you may share for six days on a hard-earned vacation abroad doesn’t exist. It’s not exactly what Airbnb, the technology company filing a $30 billion valuation for its IPO that will compete with hospitality stocks like Marriott International Inc this December, promotes. Airbnb claims to be “[c]reating a world where anyone can truly belong [and that] requires a foundation of trust.”

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Airbnb IPO – Need to Know

Investors need to know not to value Airbnb’s December IPO.

This year’s Airbnb IPO has generated buzz, with six new articles on average published about it each day in October. Church uses the online marketplace to book vacation and remote work stays for its contributors. The San Fransisco based tech company planned its public offering for August. But weakened by volatility, a flawed business model, delays, and regulatory actions, Airbnb could be worth half as much as investors pay this December. So don’t be deceived or buy this stock when it goes public!

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