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Our $20 trillion debt and how the 1% can pay it off



Our 20 trillion debt and how the 1 can pay it off

As the left and right battle atop the D.C. throne, our country passed $20 trillion in debt. I wanted to take a little bit of time and put this number into perspective. Hopefully, it will become all too clear just how much this debt is and why the BS crowd’s strategy of taxing the 1% won’t come close to addressing the problem.

I should have clarified above, BS is the acronym for Bernie Sanders… potayto potahto, I guess.

According to Forbes (2017), there are 2,043 billionaires on the planet with a total worth of $7.7 trillion. That’s a whole lot of money. Let’s steal it-all of it.

If we seize 100% net worth of every billionaire on the planet, we can take our national debt down to $12.3 trillion. Now we are being responsible! But we still need more money, so what about those greedy millionaires?

Referencing Spectrem Group’s Market Insights Report 2017, CNBC stated that there are 10.8 million millionaires nationwide. I’m already getting excited to take their money. Unfortunately, I was unable to find the total net worth of those millionaires. However, they stated:

“In 2016, there were 9.4 million individuals with net worth between $1 million and $5 million, 1.3 million individuals with net worth between $5 million and $25 million, and 156,000 households with more than $25 million in net worth.”

I’m going to calculate the numbers with something in the middle to give a basic picture.

  • 9.4 million Americans X $2.5 million = $23.5 trillion
  • 1.3 million Americans X $12.5 million = $16.25 trillion
  • 156,000 X $100 million = $15.6 trillion (estimated low, because this would also include the billionaires in the US, some of which were counted in the billionaires’ $7.7 trillion)
  • Total = $55.35 Trillion + $7.7 Trillion = $63.05 Trillion

Now, let’s be good socialists and pay off all our debt with that $63.05 trillion (heh)

-$20 trillion + $63.05 trillion = +$43.05 trillion

Like magic, America suddenly has a $43.05 trillion slush fund!

What do we do with this slush fund? Let’s do the socialist generous thing and divide it up evenly among all 320 million Americans. We could pay every American almost $135,000!

Socialists Economic egalitarians rejoice! We just toppled the bourgeois billionaire class, furthered our commitment to the “greater good,” and gave everyone in America a $135,000 paycheck.

Now, back to reality. The reality is that this tactic of seizing every dollar from every millionaire and billionaire is unrealistic and a “best” case scenario. It ignores several facts.

First, we don’t have the authority to tax billionaires outside of the US, yet (looking forward to the return of military imperialism).

Second, much of that wealth is in the stock market. It relies on combined and continual contributions to keep the value high. Once we start taking millions of dollars out, the value of the remaining pool decreases unless new money is coming in to keep it elevated.

Third, that $63.05 trillion was accumulated over many, many decades. This makes it a one-time deal. There is no continuing Utopia to be had.

Fourth, and most importantly, this doesn’t even address the hundreds of trillions (literally) in unfunded liabilities.

All that money has been stolen for a measly one-time payout of $135,000 per American.

Let that really sink in. That money sounds like a huge amount to a socialist college student, but now what? Good luck making $135,000 last more than a handful of years.

The reality is that we cannot just tax ourselves out of debt. We must address spending,sooner rather than later. Every time a budget is proposed in Congress that cuts spending, the status quo lose their collective mind. Or… at least I believe it would, it is hard to remember a budget that proposed any significant cuts.

Or… at least I believe they would lose their minds; it is hard to remember a budget that proposed any significant cuts.

Until we get a Congress bold enough and principled enough to stand for the future of our nation and generations yet to be born, we will continue to dig the hole deeper and deeper. The Republicans use a shovel, and the Democrats use a bulldozer.

Neither of those options appeal to me.

Hopefully, the Federalist Party can shake things up and (re?)introduce some sanity to D.C.

Jake Gambino has endless passion for liberty, marketing, and good lulz. After just seven years, he received his business degree from a local Community College. He would call this a sign of being a prodigy. No one else would agree, but Jake doesn't care. He is guided by reason and driven by principles.

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The Republican Party showed its true stripes and proved David Leach right all along



Republicans can avert a shutdown if they turn the narrative

Over the recent years, the Republican Party told us that they needed control of the House. We gave them the House. Then they said we can’t do enough, we need the Senate. We gave them the Senate. Then they said we can’t do enough, we need the White House. We gave them the White House, even if it’s not the guy they really want. But now I turn on the cable news shows and they now say they just have a thin majority.

Can’t the Republican Party make some kind of stand for little “r” republicanism? Can’t it make a stand for conservatism? Can’t it make a statement for liberty and freedom? Can’t it make a statement for private property rights? Now it needs a greater majority that is basically mission impossible, especially in the Senate.

The Republicans overwhelmingly have decided to pass the omnibus bill which was put together by mostly progressive thinking lobbyists. Granted military spending will be increased but so will the Democrats beloved welfare programs which they have used to buy votes and gain more and more power. It will also fund Planned Parenthood which in spite of shining a light on shady dealings of fetal parts, getting abortions for underage girls under the table, or not really investing in pap smears or mammograms as it will continue to keep its bread and butter of pre-born baby murder going strong. I really believe that many politicians in both parties benefit from abortion due to the fact they seek constant sexual flings with just about any women who work under them as these young ladies try to move ahead in their careers.

The Democrat leaders Nancy Pelosi and Chuck Schumer (his pet projects will be funded) are so happy with this bill cause they know it’s only going to benefit Washington and the Democrat Party.

For all the faults Rand Paul has, including his support of Mitch McConnell’s last election campaign, I have to give him credit for speaking out against this current omnibus spending bill. It seems that if the Democrats want to spend more of the taxpayers’ money it is wrong. If the Republicans want to spend more money, than its OK…but it should not be OK.

Sadly conservatives who have not read Pastor Cary Gordon’s book A Storm A Message A Bottle or watched his series of animated videos Five Steps to Political Epiphany. They will protest the election by sitting out the election, instead of using their write-in blank or third-party options since Duverger’s law forbids this. Meanwhile, President Trump might go down in history as the bigger spender than Barack Obama.

We can’t any longer tolerate any more excuses. Regardless if the Democratic left is in the majority or the minority they seem to have the power in the elected branches of government. They have the power in other areas of government no matter what. We can learn one thing from Bible Believing Christians when they start a new denomination when breaking away from a bigger one. They break away because the establishment in the old denomination they are breaking away from does not repent of their apostasy (while claiming new truths). They try and they try, but like the American Gladiator event Pyramid they just knock you down to the bottom time and again. The only thing you can do is to let them go their way and let the denomination implode as they try to prevent themselves from being corrupted. It proves Jesus that you can’t put new wine into old sheepskins. We must do the same thing and try to build a new political party that can replace the Republican Party. The Grand Old Party is not what it used to be.

Mr. President, you made a choice and that choice was to sign the bill and take what you can get. Conservatives like myself, Steve Deace and Mark Levin, would call this a betrayal of conservatism. Either you are naive and/or a fool about politics, or a true charlatan, or something in between. All I can say to you is only “proved” that Benjamin Wilhelm and David Leach correct, and it will show in this midterm election. You screwed the pooch just as the Republican Party elite has done many times before, and the Democrats wildest dreams are coming true. Your likely impeachment, single-party rule, making America a new Soviet Union or some kind of socialist experiment, and the Democrats desire to become Demi-Gods.

Your own words you said on TV so many times are coming back right at you like a boomerang…”You’re Fired.”

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The Money Pit: California’s not-so-high-speed rail



Have you heard this story, a couple finds a million dollar distress sale mansion on the market for a mere $200,000? Some upgrades are needed, but overall it’s a bargain. What ensues is comedic brilliance as the owners find out the house is barely standing. They pour more and more money into the house in the classic Tom Hank’s comedy “The Money Pit.”

Just like this movie, the California High-Speed Rail has become our Money Pit, but unlike the movie, this is no laughing matter.

In 2008, California voters approved Proposition 1A, a $9.95 billion bond to partially fund an 800-mile high-speed electric train traveling up to 220 mph. The goal would be that the state would fund a third, one-third by the federal government, and the last third via private investment. Total cost was estimated at $35 billion.

What has transpired since 2008? No more federal funding and no private funding. From 800-miles we went to 520 miles, as a cost savings measure. From 220 mph we are at 110 mph in large sections of the rail, to save money of course, and a possible completion date of 2020, is now estimated to be completed by 2033.

With all these cost-saving measures you would assume the cost would come down. Unfortunately, for California taxpayers, this money pit keeps getting worse.

The price tag for all these cost-saving measures brought to you by the California High-Speed Rail Authority and the California Legislature is currently estimated at $77.3 billion. But wait you want more savings and fiscal responsibility, too bad, because this $77.3 billion estimate may ultimately cost California taxpayers $98.1 billion. My prediction is it will be even higher.

At this point, it might be cheaper and faster to build a Death Star instead. Not to mention more useful.

This is not what the voters were promised. We did not approve a not-so-high-speed train with a price tag most likely ten times the initial projected cost to California taxpayers.

This boondoggle of a money pit must be stopped. Those billions can be used to help repair our roads, highways, bridges, dams, water reservoirs, and critical infrastructure.

If elected to be California’s next State Controller and Chief Financial Officer, I will look at all legal means to cut funding to this project. In my opinion, if we bought one thing and are getting something else, then the authorization to fund this project has not been authorized by the people, and thus the Controller may have the legal authority to stop payment until the project complies with Proposition 1A.

I hope, I won’t have to do this, and the Legislature does its job and kills this project. This shouldn’t be a partisan issue. We made a promise to taxpayers to be good stewards of their trust and money. Let’s restore that trust and do the right thing, and let’s put an end to this money pit.

Konstantinos Roditis is a candidate for California State Controller. You can learn more about his campaign at, and you can follow him on Twitter & Facebook.

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Trump tariffs another in-name-only moment for the in-name-only president



As a man who likes the title but not the responsibilities of the office, Donald Trump has proven himself to be America’s President In-Name-Only. From the primaries to today the New York Liberal with an “R” after his name has demonstrated a lack of any core convictions as he makes policy decisions based on the need to feed his narcissistic personality.

One of the consequences of Trump’s lack of character is the frequency in which he’s forced to take action based on the rhetoric he continues to feed his dwindling base. Even though most of the promises he makes are nothing more than the politically convenient ramblings of a man who has no intention of keeping them—he bragged in a TV interview that he could change into whatever he needs to be—Trump’s never-ending need for the praise and adulation of his followers has forced him to at least give the appearance that he will keep his word.

This has given birth to a host of in-name-only legislative efforts by Mr. Trump. Some of his biggest hits on the in-name-only charts deal with two of his major campaign promises: rescinding DACA and withdrawing the US from the Paris Climate Accord.

When Trump issued his executive order rescinding DACA, he immediately teamed up with Chuck Schumer and Nancy Pelosi to create an amnesty program for DREAMers. At the same time, he made a promise to reinstate DACA after six months if necessary.

In addition to statements from the White House that he never intended to rescind DACA, Trump has advocated amnesty for nearly two-million illegals (a number that was originally around 800,000). By the way, the deadline has come and gone, and DACA still exists.

When Trump announced in June that the US was withdrawing from the Paris Climate Accord, he immediately committed to re-entering it under better terms. In addition to statements from members of the White House team that Trump would work on getting the US back in, Trump stated in a January TV interview with Piers Morgan that the US is ready to re-enter the Paris deal.

“The president said he is open to finding those conditions where we can remain engaged with others on what we all agree is still a challenging issue.” – Rex Tillerson on CBS’s Face the Nation

“He left the door open to re-entering at some later time if there can be a better deal for the United States.” H.R. McMaster on ABC’s This Week

Following Trump’s recent trade-war announcement that he was adding across-the-board tariffs to steel and aluminum imports, he proudly crowed that he was keeping a campaign promise on trade. Yet, when faced with an avalanche of blowback for the obviously anti-free-market policy, Trump turned this into another in-name-only moment.

On the day of the announcement, Trump immediately granted exclusions to the tariffs for Mexico and Canada—two of America’s biggest providers of imported steel—despite repeated statements from the White House indicating otherwise.

“We have made clear these will be across-the-board tariffs with no exclusions. The problem with exclusions is that they are a slippery slope. Once you start, where do you stop?” — White House, March 2 (Wall Street Journal)

“There will be no country exclusions.” — Pete Navarro, President Trump’s radical trade adviser, March 4 (CNN’s State of the Union)

“I have no reason to think he is going to change.” — Wilbur Ross, President Trump’s protectionist commerce secretary, March 4 (NBC’s Meet the Press)

As a believer in free trade, I’m ecstatic that Trump at least partially broke his promise, but it serves as the latest evidence that Trump is nothing more than an in-name-only president willing to take make-believe actions to make it appear he’s keeping his make-believe promises.

Originally posted on The Strident Conservative.

David Leach is the owner of The Strident Conservative. His daily radio commentary is nationally syndicated with Salem Radio Network and can be heard on stations across America.

Follow the Strident Conservative on Twitter and Facebook. Subscribe to receive podcasts of radio commentaries: iTunes | Stitcher | Tune In | RSS

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