Two Choices, and We Will Make the Wrong One

September 20, 2023

by Karl Denninger Market-Ticker.org

We’re going to make the wrong one because you, I, and the rest of the citizens of this nation won’t demand AND ENFORCE the correct one.

Two two choices are:

  • Attempt to muddle through in the current border situation with the roughly 17 million, or somewhat over 5% of the US population here illegally and unable to work and pay taxes, about 20% of those arriving just in the last couple of years and essential none of them forced out, all of whom have few or no skills and are wildly-massive resource sinks, including disease, no capacity or care about others property and lives and more.

  • Attempt to continue to have a Federal Government that literally spends $3 for every $2 it takes in via taxes, much of which goes directly and indirectly to the above bullet point and what isn’t covered is forced onto state and local budgets which they have no means to collect in taxes either. All of this is directly inflationary; the era of being able to coast on the $300-400 billion a year in increased trade sequestration is permanently over as a result of sanctions leveled when the Ukraine-Russian hostilities began (not that this was a permanent situation in the first place; it was destined to eventually end anyway.) If it isn’t clear by now that 20% insurance increases on an annual basis and up to 50% or more in some places as businesses and consumes engage in fraud (aka “Florida”) to try to stay above water, never mind the ramp in fuel and transportation costs and similar cannot continue and wildly exceeds that of wages, I don’t know what someone is supposed to tell you other than “you’re going to continue to get squeezed until you go bankrupt if you don’t stop it”, even though you don’t want to hear it.