Sunday, June 29, 2025

Earthfamilyalpha Contents V

 

Over the weekend, I managed to compile all of the stories in Earthfamilyalpha from the last 17 years. The posts are organized from the present back to that wonderful time in November 2008 that Obama was elected.  This is the Fifth Compilation.

More than 30,000 readers read Earthfamilyalpha this month. That beats last months record.

Readers come from all over the earth: South America, Asia, Europe,  and North America. (in that order this month)

Thank you all.

 

Earthfamilyalpha Contents V


Science

Climate Change 

We are not Afraid/   Hot Hot Hot/ The Bay of the Wise/ Grow a Pair/ The Right Fright/ Climate Change Impact on Nuclear/ Potus's Trifecta/ A Death We Can Survive/ The Future We Want/Make America Sane Again/ Utilities Knew Too/ Climate Changes, Truth does Not/ The Hottest Month Ever/ Leap Year/ Paris Climate Talks/ God Bless the Pope/ Merchants of Doubt/ The Second Act / Think About It / Moving On / Hiatus Shmiatus / North by Northwest / The Day the Rain Stopped / Climate Nuts / The Joint Session /
 

Resource Depletion

Why Electric Transportation Matters/ Cheap Oil is Expensive/ Red Neck Red Tide/ Peak Shale / One Way or Another / Let's Stop Talking About Saving the Planet / Gasland / The Escape / Gulf Spill Cam / The Seed Cleaner /


Technology

Voyagers on Earth/ The Wonder of this World/ The Clueless Award/ AI Thinks therefore AI am/ Fusion Confusion/ Our Next Horizon/Bend the Light/ Lease the Wind/The Kruger Effect/ Driving Electric/ The Emergent Future/ The Solar 600/ The Road Ahead/ A Unified Energy System/ Doing it Right/ The Long Dawn/ Predictable Renewable Energy/ Vehicle to Grid / The Affordable Energy Resolution / America's Clean Energy Maverick / The Future is not What is used to be / Big Data / Your Choice / Store it / Doing It / The Good, the Bad, the Ugly / Rocket Man / Buggy Whip Trolls / Thick and Thin /


Philosophy

Personal

Superpower/  Good things from Bad things/ The Hero's Journey/ All Saints Day/ The Light We Cannot See/ To Spite Your Face/ Eight is Enough/ Our 130th Birthday/ The Quorum Card/ Condition Red/ The Contents of our Consciousness/ I want Roosevelt Again/ Rear View Mirror/ Stromer Spondylosis/ The Dymaxion World / The Thinker and the Thought / Getting Somewhere / A New Time / To Be One /

 
Political 

One Bad Ugly Bill/ The Performance Artist/  The Putsch PushRoevember/ The October Surprise/ De-Evolution/ New Rules/ To be Governed or to be Ruled/ Minority Rule/The Fire Devil/ A Leap / Midnight in Washington/ The Trouble/ The Blue Tide/ Why Didn't I know That?/ What About You?/ Summer of Hope/ March Mania/ Everything is Everything / Willful Deception / Babies Know / Children Know Too / Abe Was Smiling / The Preemptive Pardon / All the Kings Men /

Environmental

A House on Fire/ Texas Electric Transportation Alliance/Transportation Transformation/ Electric Drive is Happening/ The Fukushima Legacy / The Real Red Sea / 3 Mile Air Island / The History of the Future / Turn the Engine Off / The One We Use / The Game Changer / Sedona Pictogliphs / Catorce Inundacion / Big Problem / Spill O Meter / Deepwater Horizon / Save our Trees / Tree Friendly Paradygm / I Wish It Would Rain / To the Children / A Good First Step /

Economic

Mayday Mayday Mayday/
 Howard's History / Capitalism or Survival / The End of Work / Change the Frame / Your Money or Your Life / A Harry Situation / NYC Ground Zero / Obama Knows / The Love of Green / Our Place in Space / Totally Stupid / A Path to Light / What Matters / Work with Me / True Work /Nine Earths / IEA Awakes /

Respectism

Respectism and kinder Community/ Respectism/ The Eco-Nuclear Brink/The Big Picture on Saving our Home/ Using the Respecticon to Build / The Respecticon: Seeing the Brand of Respect / Respectism and the Endeavor for a Mutually Respectful Society / Respectism and Human Survival / Respectism and AK 47 /

Poetry

Four in the Morning/The Way We Were/ Susan Bright Work / Adopt a Tree / Jubilation / The Day was the Poem /The Inaugural Mall / Freedom Highway / Train of Better Days / Poet Pramila Venkateswaran / Near Dawn Light / Wild /

Fiction

Monsters Fall/ Patient Zero/ My 80th Birthday/The Ordained/ Furniture Man /Furniture Man II / Tea Bagging / Voom and Pop / Brunch with Mr B /

Culture

Potluck Vibeway/  Den 2/ The Felon/ The Bible Salesman/Breaking the Law/Truth will Out/ The War on Woke/ Children of the Wind/ We Dissent/ Woe is US/ Four in the Morning/ Decoration Day/Dark Enough/ The Measure of Success/The Mendacity of Madness/ Prosperity and Power/ The Happy Side/ The American Eclipse/ The Tao of Catorce/Kelly Ann Con Job/ Our World Tower/ Salgado's Salt/ The Entire Kooky Family / Eleven Eleven Eleven / Play in the Light /Camino Quemado / Sacred Hunt / Ceremony and Celebration / Travels with Charlie and Lex / The Millionaire and Reader / Milk /Dia de Gracias / Pie for Obama / President Elect /

The World

 The Man Wave/The Krasnov Files/  The Safer Path/ Respectism/ Crimean War/ World War Z/ Frankenstein's Monster/ The Wicked Witch/ We Will Survive/The Real Bad Guy/The Americans/Santa Las Vegas/ A Bad Dream / The City of Light / Digital Tunnel Democracy / The Unified Energy System / The Empathic World / The Red Pill / Illusion is Reality / Pale Blue Dot / The Other Side / Fourteen Days / The Sixty Year War / Survive the Fall / Forty Four Minutes /Obama Mundo / The World's Victory /


Earthfamily 

We are Alpha/ Respectism/ Mary Elaine McMaster/ The Valley of the Sun/ Mourning Mary/ Solomon Haws Osborne/ Jack H Osborne/Frank Alan Osborne/ Micael Priest/ What it Is/ Humberto Fernandez/Earth Heart/ Earthfamilyzeta/ John Collins Andrews / Susan Bright / Joan Chambers Novak / William Albert Narum / Edward Fales Alexander / But Let Us Begin / Four Year Contents /

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Sunday, June 01, 2025

One Bad Ugly Bill

 


There is a lot of talk about budgets these days with the R controlled house passing the BBB with no votes to spare. That led me to start looking at the 2025 Federal Budget as it now exists. As you probably know, that Big Beautiful bill is very ugly for a lot of folks, but they got it half right because it is big.  Some say it is the biggest transfer of wealth from the poor and middle class to the rich in the sordid history of US taxation policies. It also tries to kill the good clean energy initiatives of Biden and the rest of the World.

Just to let you know how  Artificial Intelligence can lead down an alley that gets your brain mugged, I googled "what is the largest expenditure in the US Budget" and the answer it gave me was right but wrong

AI responded: The largest single expense in the U.S. federal budget is Social Security. 

Breakdown of Federal Spending:
  • Social Security: Accounts for 22% of the total federal budget. 
  • Medicare: Represents 14% of federal spending.
  • Medicaid: Takes up 10% of the budget.
  • National Defense: Constitutes 13% of federal spending.
  • Net Interest: Interest payments on the national debt are also a significant expense at 14% of the budget.
  • Other Mandatory Spending: Programs like veterans' benefits and food stamps fall under this category, accounting for 16% of the budget.
  •  Non-Defense Discretionary Spending: This includes areas like education, transportation, and scientific research and accounts for 15% of the federal budget. 

Yes, if you look at the official budget from the White House, 22% of the budget is about 1.54 trillion which is about right.  But what is NOT included is the  1.29 Trillion in receipts for SS which means that the system spent about .30 trillion (300 billion) more than it took in. (not including medicare receipts)

And when you add the corpus and interest gained by Social Security's US treasury bond fund, the actual expense to the treasury is closer to zero. With asset reserves of about $2,908 billion ($2.9 trillion) at the end of December 2020, the system has just started to decline. Asset reserves have declined slightly to about $2,721 billion ($2.7 trillion) by the end of December 2024. To halt this decline, Congress must remove the caps on income for the wealthy and extend the retirement age of white collar workers.

But by far, the real single largest expense (excluding debt) in the US Budget is Defense.

And that is about 900 billion.  And the BBB would increase that by another 100 billion. 

 Ezra Klein says: 

Trump’s “big, beautiful bill” is the cruelest and most irresponsible piece of domestic legislation to be seriously proposed in my lifetime.

When you think about this bill, you should think about risk. It would increase our risk of a fiscal crisis by adding a hefty sum to our nation’s debt, at a time when we’re alienating the countries that typically buy our debt. It would slash food stamps and strip health insurance from millions of people, increasing the risk that the safety net won’t be able to catch any of us, at a time when President Trump’s tariffs have increased the risk of a recession.

According to Morning Joe, "Think about this: From George Washington's term through the end of Barack Obama's term on Jan. 20, 2017, the United States of America did not increase the national debt by as much as Mike Johnson's budget increases the national debt over the next decade."

The BBB is one Big Bungled Bunghole.

But what the Citizens of this Country and the World need right now is for the US do some honest work on its situation.  And first of all, we are not a business nor are we a household. We are the social fabric that preserves and protects its citizens.

As of May 30th, 2025, we are about 36 Trillion dollars in debt... that's a little over 100,000 a person.  (another good reason to keep the family small) 

Interest paid on that debt this year is about a Trillion dollars.  If interest rates stay where they are right now that will grow to 1.5 Trillion in 7 years. 

If you look at our receipts the thing that sticks out is the amount of Tax that business pays (.46 Trillion) versus the amount of tax that is paid by individuals (2.64 Trillion). 

                                                                            25      26      27     28     

You can see by the current Biden White House Budget that Outlays are about 7 Trillion and Receipts are about 5 Trillion

As for Receipts, individuals pay 3 Trillion (not including Social security and Medicare) and Business pays .5 Trillion (excluding SS).  It doesn't seem like a smart time to cut taxes.  Quite the opposite.  Business should pay for the defense department, especially since they get the money anyway.  Citizens should arguably pay for half of the non defense discretionary items of another Trillion.  

That would mean Business pays for the military and half of the non-military items or about 1.5 Trillion and individuals pay for all the rest  of the domestic spending which is about 4.5 Trillion RIGHT NOW.  That cuts the deficit  to less than a Trillion a year. (interest will remain the same)

Cutting Taxes for the wealthy and big business in these times is the wet dream of the oligarchy and a ridiculous zombie relic of a GOP past.

Yes, business will raise their prices to pay the tax, just like they would if they paid a tariff.

But tariffs will affect those who live pay-check to pay-check harder.

And speaking of relics of the past, it is now time to ponder the nature of international finance. With the issuance of more and more Bit Coin and other block chain constructions combined with the current political acceptance for uninsured FIAT money, dark clouds are on the horizon. 

Ironically and in time, these currencies will erode the government backed Fiat currencies.

And the normal swing between equities and bonds 

will be pulled over by the gravity of the imbalance.

And markets will heave. 

And a new balance sheet will arise. 

 

 

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