Doomscroll News

Tag: Economy

  • The Debt is a Cancer, Not a Curve to Be Flattened

    The Debt is a Cancer, Not a Curve to Be Flattened

    The analogy comparing the national debt to the COVID-19 “flatten the curve” mantra is a profoundly misleading and dangerous simplification of the crisis we face. The comparison is particularly flawed when one recalls the data inconsistencies during the initial wave of COVID-19. In early 2020, many observers noted with suspicion that official data from sources like Johns Hopkins University showed a startlingly low number of recoveries in the United States. This data “weirdness,” born from the chaos of tracking a novel virus in real-time, highlights a key difference: the COVID-19 curve was a matter of incomplete, real-time data, while the national debt curve is a matter of precise, cumulative accounting.

    The national debt isn’t a virus that will simply “burn out” or be defeated by a short-term, emergency response. It is a chronic, metastasizing cancer on the body politic, the result of decades of policy decisions. Proposals for a “debt ceiling app” or other simple fixes are shortsighted political theater. Congress has repeatedly demonstrated its willingness to raise the debt ceiling, rendering it more of a talking point than a genuine constraint.

    The real technological revolution that offers a path forward is not in financial gimmicks, but in artificial intelligence, LLMs, and robotics. Their promise is not magical “growth,” but something far more valuable: the ruthless elimination of waste, fraud, and abuse. The potential for automation to overhaul the medical and insurance industries—the true drivers of our debt—is immense. Imagine humanoid robots, like Tesla’s Optimus, providing comprehensive elder care. These machines could handle everything from showering a grandparent to monitoring their vitals, ending the soul-crushing and financially ruinous nursing home industry. This isn’t science fiction; it is a necessary step to slash the costs that are bankrupting our nation.

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  • The Phoenix Blueprint: A Health Plan to Erase the National Debt

    The Phoenix Blueprint: A Health Plan to Erase the National Debt

    Our nation is on life support. A $37 trillion national debt is not a number; it is a mortal wound. At the heart of this fiscal cancer lies a bloated, failed healthcare system that acts as a conveyor belt to national bankruptcy. Tinkering is over.

    This is The Phoenix Mandate, a declaration of war on the debt that threatens to extinguish America. It is a national survival plan built on five pillars of strength, innovation, and absolute, non-negotiable accountability.

    Pillar 1: Forging the Resilient Citizen & The American Sovereignty Rider

    We will end the religion of constant, wasteful care by fostering a culture of health independence. A key part of this is embracing the Personal Health Revolution, led by devices like the Apple Watch, which put the power of a lab on your wrist.

    However, we recognize that the supply chain for these critical devices represents a dangerous vulnerability to our adversary, China. This is unacceptable.

    The American Sovereignty Rider: If any adversary threatens our access to the critical components for these devices, the President will immediately invoke the Defense Production Act. A national mandate will be issued to a new coalition of loyal American companies, led by the chip-making power of Intel and the advanced manufacturing of Corning. They will be directed to produce a “Sovereign Device”—a secure, American-made digital lifeline to guarantee every citizen access to essential health monitoring. We will not allow our national health to be held hostage.

    Pillar 2: Bringing Our Elders Home

    The modern nursing home is a moral and financial catastrophe. We will dismantle this cruel and inefficient model. The second pillar of the Phoenix Mandate is to empower our elders to age with dignity in their own homes through a technology-driven revolution in elder care, deploying telepresence robots, smart home safety nets, and an on-demand system of human care that provides better results at a fraction of the cost.

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  • My Vision for a Stronger America, Beyond the OBBB

    Prioritize the Need for a New American Fiscal Nationalism & Continue Building a Fortress America Economy: A 15% baseline tariff and sweeping deregulation are not just good ideas; they are necessary defensive measures. While they won’t single-handedly slay the $37T debt dragon, they are the foundational armor for a “Fortress America” economy.

    The $37 Trillion Elephant: Neither party has a plan to pay the debt.

    Investigate the China-California Connection: Deep-dive into how California’s state debt and business ties with Chinese entities create a national security vulnerability.

    Illinois & New York: Blue State Debt Bombs: Unfunded liabilities and corruption in states led by figures like @GovPritzker Gov. Pritzker are a key aspect of the national crisis.

    Saudi Vision 2030: The World’s Most Expensive PR Campaign: The Public Investment Fund’s acquisition of companies like Scopely isn’t about innovation; it’s about their deliberate pursuit of user data. This positions them to monitor our movements, creating a future where digital tracking could easily enable real-world stalking.

    Understand that Political Theater is the Real Insurrection: The political theater in D.C. is the primary cancer. It’s a managed spectacle that provides cover for the real, coordinated erosion of American sovereignty.

    The @SenFettermanPA (Sen. Fetterman) –@marklevinshow (Mark Levin) Doctrine: A pro-Israel, anti-Ayatollah stance is the only coherent foreign policy for national security.

    The @RepThomasMassie (Rep. Massie) –@Ilhan (Rep. Omar) Red Line: Bipartisan efforts to limit executive “war” powers… are a dangerous abdication of responsibility.

    Beyond Counterfeit Cryptocurrency & The Corrupt Old Guard: The post-2008 distrust in the established financial order is justified. But cryptocurrency is not the answer; it’s a digital counterfeit designed to profit from chaos. The real path forward is outside both of these failed systems: a return to productive, asset-backed economics.

    The Hypocrisy of “Stablecoins”: We need to debunk the myth of stability and expose their role in facilitating capital flight from America.

    Critique Cryptocurrency’s Role in the National Debt: Institutional adoption of BTC/ETH/etc. creates a shadow monetary system that undermines the dollar.

    Look Into the Mechanics of Sharia-Compliant Finance: Expose how deals with nations like Qatar and Saudi Arabia introduce legal and financial systems that are antithetical to U.S. economic principles.

    Take a Stand for Authentic Discourse: Public officials should actively curate their audience to prioritize verified, real individuals.

    Deconstruct “Sound Money”: Bitcoin isn’t the new gold, but the new Confederate Dollar.

    … AND A “DREAM ON” WISH LIST:

    Look Into the Qatar Gift Horse: Analyze the “gift” of an Air Force One jet as a symbol of foreign influence at the highest levels.

    Fire Engineers: A ruthless platform approach to platform integrity (purging bots) is more important than internal harmony at a tech company.

    Truth Social’s Bot Problem: Even “alternative” platforms are failing to provide authentic spaces for discourse.

  • MY UPDATED VIEWS ON “NO TAX ON OVERTIME” AND “NO TAX ON TIPS”

    A ‘no tax on overtime’ policy is a powerful and sensible tool for retaining a highly-skilled ‘varsity squad’ of experienced firefighters, for whom substantial overtime is a critical and routine part of providing for their families and ensuring public safety. However, this same policy is counterproductive and dangerous in lower-wage, hourly industries, like for a quality control inspector making $21 an hour, where it creates a perverse incentive to deliberately slow down work for a small bonus, undermining productivity. The immense benefit of properly compensating our most vital, high-stakes professionals like firefighters decisively outweighs the risk of this policy being exploited in sectors where it rewards inefficiency instead of essential skill.

    This same principle… that a policy must be targeted and not a broad, exploitable mandate… is why I am holding firm on my position regarding taxes on tips. While I fully support eliminating the tax burden on tips for service industry workers, a blanket, undefined exemption would be a mistake. It risks becoming a massive, backdoor handout to the cryptocurrency world, creating a tax-free loophole for digital transactions that have nothing to do with rewarding service. Therefore, any ‘no tax on tips’ policy must include a specific, carefully crafted exception for the traditional service and hospitality industry, ensuring the benefit goes to waitstaff, bartenders, delivery drivers, barbers, etc. not to anonymous crypto transfers.

  • While Politicians Play Games, Cryptocurrency Threatens Our Financial Future

    While Politicians Play Games, Cryptocurrency Threatens Our Financial Future

    Our nation faces a profound and immediate threat from a predatory, globalist financial scheme. This is the real crisis. I am talking about cryptocurrency. My opposition is not rooted in partisan politics, but in a firm belief that we must protect the United States from this clear and present danger.

    These digital tokens, propped up by nothing more than speculation and hype, are a cancer on our financial system. They are the preferred tool for illicit activity, riddled with fraud, and often mined in countries hostile to American interests. The chaos unleashed by figures like Sam Bankman-Fried, whose FTX exchange imploded in a storm of corruption and foreign entanglements, is not an outlier—it is the inevitable outcome of a system with no intrinsic value. So-called “stablecoins” are a ticking time bomb, and the entire ecosystem is a playground for market manipulation that puts the savings of everyday Americans at risk.

    This is the fire that needs to be extinguished. Yet, what is the response from Washington? Political theater.

    Case in point: H.R. 3573, cynically titled the “Stop TRUMP in Crypto Act.” This bill is a perfect illustration of a political establishment that is unable and unwilling to grasp the scale of the threat. It is a weak, performative gesture that tinkers around the edges of ethics for the political elite while completely ignoring the fundamental dangers that cryptocurrencies pose to the financial stability of our country.

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  • A Tale of Two Futures: Mamdani’s “New York Dollar” Doctrine vs. U.S. Dollar Prosperity

    A Tale of Two Futures: Mamdani’s “New York Dollar” Doctrine vs. U.S. Dollar Prosperity

    This is not a debate over minor policy tweaks; it is a battle for the soul of New York City. One path is built on the sound foundation of the U.S. Dollar and the prosperity that comes from private innovation and individual liberty. The other is the Mamdani Doctrine, a vision of state control so fiscally reckless it would effectively require abandoning the U.S. monetary system for its own “New York Dollar.” Below is a direct comparison.

    On Public Transportation & Mobility: The vision of U.S. Dollar Prosperity is to Abolish and Replace: The MTA is terminated. All public transit is replaced by a competitive, efficient, privately-operated network of autonomous “Robotaxis.” In stark contrast, the Mamdani Doctrine‘s vision is to Expand and Subsidize: The MTA is a public good to be massively funded. But this vision collides with a simple, brutal reality: it must be paid for in U.S. dollars. With the national debt exceeding $37 trillion, the Doctrine’s demand for perpetual billions is a demand that the rest of America pay through a crushing inflationary burden. This is the first clue that the plan is incompatible with the U.S. monetary union.

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  • Big Beautiful Bill: Critiquing Expenditures & Rescissions with a New Federalism Vision

    This article will dissect key components of the bill, reinforcing a fiscally conservative perspective focused on efficiency, market-based solutions, and a reduction in federal overreach.

    A recurring theme will be the devolution of certain programs and responsibilities to the states. It is important to note that many of the responsibilities envisioned for state management are relatively minor in scope, aiming to return local control over local matters. However, even in these areas, and certainly in any more significant transfers, fiscal prudence is paramount. This necessary shift away from federal overreach cannot be a license for states to engage in fiscal malfeasance, particularly when such actions have broader national implications, such as contributing to inflationary pressures through unfunded liabilities or chronic deficit spending.

    To ensure accountability without fostering inter-state conflict, any transfer of responsibilities must be accompanied by a carefully designed mechanism for mutual accountability. This system would involve regular reviews, based on clear, objective, and pre-agreed metrics, of state performance in managing these devolved areas. Should a state demonstrably and significantly mismanage its obligations, leading to measurable negative externalities for other states – for example, by directly exacerbating national inflation through irresponsible fiscal policies directly tied to these devolved functions – a transparent and impartially administered penalty system could be considered. Such penalties, if ever deemed necessary, should be narrowly targeted and proportionate, based on an automatic formula and/or pardons, to avoid politicization and ensure they serve as a corrective measure rather than a tool for “financial war.” The primary goal is to incentivize sound governance, not to create adversarial relationships between states.

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