Free Republic

"Will Debt Sink the American Empire?"So asks the Wall Street Journal, in an uncharacteristically gloomy article for the bull market's paper of record.They kick off with the problem: America is "cruising" into an uncharted sea of federal debt, with a government seemingly incapable of turning it around.In other words, the uniparty has set its course, and there's no cavalry coming.The Runaway Train of DeficitsWe're currently adding a fresh trillion of debt every hundred days, on our way to $35 trillion.Meanwhile, the deficit is about to break $2 trillion – for perspective, all federal revenue under George W Bush averaged around...

They know it’s over. Secretary of Defense Lloyd Austin, Secretary of State Antony Blinken and National Security Advisor Jake Sullivan winced as Joe Biden called Kamala Harris “Vice President Trump” during Thursday night’s “Big Boy” press conference. Joe Biden Thursday evening was nearly one hour late to his “Big Boy” press conference and it was a total dumpster fire. Old Joe botched the first question when he called Kamala Harris “Vice President Trump.” This was literally right after Joe Biden called Ukrainian President Volodymyr Zelensky, “President Putin.”

AT&T suffered a massive data breach that saw data from 'nearly all' of its customers' accounts illegally downloaded, the company has confirmed. The compromised data included records of calls and texts of wireless subscribers and landline customers over a five month period in 2022. AT&T listed it had 110 million wireless customers that year, which would make this hack one of the biggest breaches of private communications data in recent history. Although the exposed data did not include customer names, there are 'publicly available online tools' capable of connecting numbers with people's identities, the company said. AT&T admitted it had...

More military action around an inside Yemen in recent hours... Two weeks after the sudden death of his wife Rhonda Republican Congressman Thomas Massie of Kentucky returning to social media... A news conference this evening involving following a gaffe earlier in the day...during the conference Biden referencing Vice-President Kamala Harris as "Vice President Trump"... French politics on social media tonight Marine Le Pen of the National Rally saying RN members of the National Assembly will censure any government that includes... Russian Aerospace forces striking jihadist targets in northwestern Syria... NBC News quoting close allies of Joe Biden... NATO ratcheting up...

The stakes got higher Thursday afternoon as the broadcast networks ABC, CBS and NBC announced they would carry Biden’s press conference live, New York Times reporter Michael Grynbaum posted: ..... Snip..... Rep. Nancy Mace (R-SC) posted a photo of the White House podium with training wheels: The Trump campaign posted Jason Miller commenting on the ‘big boy’ presser, “@JasonMillerinDC on Biden’s “Big Boy” press conference: This is all taking place after 4PM – outside of Biden’s window where he’s “really good.” If he walks in and looks down at a notecard, reads a name, and looks around for a reporter...

Fearing a floor revolt against his nomination, Joe Biden’s aides are telephoning individual delegates to next month’s Democratic convention to gauge their loyalty to the president, according to three delegates who received a call this week. After a round of introductory questions confirming each delegate was still planning on going to Chicago and asking if they had served as delegate before, the Biden aide making the calls got to the point, the Democratic activists recalled to me in separate interviews. One of the delegates said the line of questioning turned with an inquiry along the lines of, “Do you understand...

Reeling from reverberating calls for him to drop out of the race for reelection after his pathetic performance in last week's televised debate with former President Donald Trump, the Biden Administration has announced new initiatives aimed at boosting his support among voters. At the top of the list is a plan to prosecute "price-gouging grocers." Secretary of Commerce Gina Marie Raimondo explained that "the evidence is overwhelming that the price increases we are seeing for food is the intentional work of the people running the supermarkets, corner stores, and bodegas. In every case, the prices of the meats, produce, and...

The Salt Lake Tribune is throwing a fit over the U.S. Supreme Court stripping the ungodly regulatory power of unelected bureaucrats while picking a fight with Sen. Mike Lee (R-UT) for daring to support the move. “Utah politicians are wrong to say the end of Chevron is a boost for liberty,” The Tribune editorial board complained in a whiny July 7 screed targeting Lee and other Utah Republicans who celebrated the Court’s ruling. Under the so-called “Chevron Doctrine,” deference was given to federal agencies' subjective interpretations of ambiguous laws to enforce burdensome regulations on American businesses, which was upended by...

Power corrupts, and absolute power corrupts absolutely. That saying attributed to 19th-century British politician Lord Acton should have an addendum: Absolute power is all but impossible to wrest from an unwilling subject. In fact, when President George Washington decided not to seek a third term and voluntarily handed power over to John Adams, it represented one of the most momentous acts by a leader in world history: the willing surrender of absolute power without coercion, imprisonment, or assassination. These days, Joe Biden has become the anti-George Washington, refusing to bow to reality for one reason and one reason only: because...

Are you ready? You can tell an election is on the radar since inflation numbers are settling down for the most part. According to the BLS, overall inflation fell slightly in June to 3.0%. Shelter CPI is up 5.14% YoY as M2 Money growth has been rising slowly … again. Core CPI also ‘missed’, rising just 0.1% MoM (vs +0.2% exp), dragging the YoY Core CPI down to +3.27% – its lowest since April 2021… Source: Bloomberg Goods deflation also dominates core prices disinflationary trend… We do note that Core consumer prices have still not seen a single monthly decline...

George Clooney wrote a column for the New York Times calling for Joe Biden to drop out of the race, despite the fact that the actor just did a major fundraiser for the Biden campaign. The Biden campaign’s response to this is downright hilarious. They are trying to claim that Joe Biden has more stamina than George Clooney, because Clooney left the fundraising event before Biden did. When this point was made on CNN, Jake Tapper actually laughed out loud, saying ‘OK.’ The Wrap has details:

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The New York Times chief White House Correspondent has admitted to using “translation headsets” to help understand what Joe Biden is saying during public speeches, even when he is 20 feet away from the president, according to the Times. This raises other questions. How does the sign language interpreter interpret what Biden says when he gives official speeches? According to The New York Times, Biden recently told Democrat governors that his ‘health is fine,’ “it’s just my brain.” The Democrats are in disarray over Biden’s mental fitness, with many top officials calling on him to drop out of the race...

President Trump spoke about his vice president candidate shortlist in an interview with Brian Kilmeade on Fox News Radio Wednesday. Trump shot down a rumor that he was leaning against choosing Sen. J.D. Vance (R-OH) because of Vance’s beard, saying, “No….He looks good, looks like a young Abraham Lincoln.” The Vance beard rumors came out of a report on Tuesday by the Bulwark (excerpt at end of article.) Trump also commented on Governor Doug Burgum (R-ND), saying a restrictive North Dakota abortion law he signed is “a little bit of an issue.” Trump said that he and Sen. Marco Rubio...

ABC News anchor and former Bill Clinton henchman George Stephanopoulos has apologized for saying old Joe Biden would struggle to serve another term in office. Stephanopoulos, who recently interviewed Biden following his disastrous debate performance last month, told a TMZ reporter that Biden is unable to serve four more years as president. “Do you think Biden should step down?” the reporter asks. “I don’t think he can serve four more years,” Stephanopoulos responds. The clip went viral on the X platform, attracting some 750,000 views. However, Stephanopoulos has now issued an apology for his remarks.

That’s the way Biden likes it! Dependence on the Federal government. The MBA data is adjusted for Dependence Day. Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 5, 2024. Last week’s results included an adjustment for the July 4th holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 20 percent compared with the previous week. The seasonally adjusted Purchase Index...

Higher Taxes: Labour plans to raise taxes on North Sea oil and gas producers. Specifically, they intend to increase the existing windfall taxes from the current 75% to 78%. This move aims to fund their ‘green prosperity plan’, which includes investments in renewables through a state-owned vehicle called Great British Energy. Ban on New Licenses: Labour has pledged not to award any new North Sea oil and gas licenses if they come into power. This policy directly impacts potential developments like the Buchan oilfield, which contains approximately 100 million barrels of oil and was scheduled to produce its first oil...

President Trump on Tuesday called on Republican Attorneys Harmeet Dhillon and David Braden to stop the Democrats from allowing illegal aliens from voting in the 2024 election. Democrats announced they will block any legislation from the US House that protects American voters and allows illegal voters to cast votes for Democrats. For some reason, Democrats believe they must cheat to win elections today. President Trump released a brutal statement calling out Joe Biden, the moron, and Democrats who CHEAT. President Donald Trump: Republicans must pass the Save Act, or go home and cry yourself to sleep. Non citizen Illegal Migrants...

The eco-fanatics at Politico and The New York Times exploited a Republican Senator’s death to grave-stomp over his climate change skepticism. How many Politico reporters does it take to screw in a lightbulb? Who knows, but we do know it took four to write an insane, grave-stomping July 9 headline: “Former Sen. Jim Inhofe, who called climate change a 'hoax,' dead at 89.” The first paragraph of the piece was no better. In fact, it was about as cringeworthy as it gets. “Inhofe, the Oklahoma Republican who once brought a snowball onto the Senate floor as a brazen symbol of...

In the case of Loper Bright Enterprises v. Raimondo, the US Supreme Court overturned a 1984 Court decision that ordered lower courts to defer to federal regulators' rulings rather than exercise their own independent judgment in cases where statutes are ambiguous or silent on key issues. The Court based its current ruling on the 1946 Administrative Procedure Act (APA) which explicitly directs the courts to use their own judgment. President Clinton's Secretary of Labor Robert Reich called the reversal "a disaster. Federal regulators have the knowledge and expertise that judges and juries lack. This new Court ruling makes regulatory experts...