Money making opportunity

Here is how the governor of Florida has an opportunity to get billions of dollars in free Federal money:

Former Vice President Joe Biden said on Thursday that those whose pay is threatened by Governors for refusing Federal COVID mandates, “I promise you, I will have your back.”

So here it is: Governor DeSantis should immediately stop sending money to every single entity who refuses to follow the Biden vaccine mandate. Then Biden will use Federal money to completely fund all of those entities and Florida will be free to keep the money they held back.

Inflation

There are those who think that I am being alarmist. They claim that inflation isn’t so bad right now, if you only ignore housing, food, and energy. Ignore the three largest expenses in every household, expenses that are more than 62 percent of the average household budget, and things aren’t so bad.

In 2020, Housing was 33% of the average American household budget. Energy was 16% of the budget. Food uses up another 13%. Nearly two thirds of the average American household budget was spent on those three items- items that the government doesn’t consider when calculating inflation.

Housing is increasing. New home prices are skyrocketing (up 16 percent in the past year). With rentals, it gets more complicated. States like New York, California, Illinois, and Washington are seeing decreases in rent. Florida, Texas, Nevada, and Colorado are seeing massive increases. The largest is Henderson, Nevada, which has seen a 49% increase in rental costs in the past year. Orlando rents are up more than 25 percent in the past year, with most of that (20 percent) since January. Still, overall rents are skyrocketing with there being a nationwide 15% increase in rents over the past 8 months.

Food costs are rising, but in order to see that, you have to look past the official government statistics. (Hint: the government’s inflation numbers are no more realistic than the results of the 2020 election) According to Bloomberg (hardly a right wing source), food prices in July were up 31% from the same month last year

What about energy? The average price of a gallon of gas was $2.11 in December, but that has risen to $3.09 as of last week. That is a 46% increase in 9 months. Other energy costs are also rising. The average cost of electricity has risen from 13 cents to 14 cents per kilowatt hour in the past year, a 7% increase. Overall, energy is costing Americans about 23 % more than it did last year.

So to sum things up: The weighted average of the increases in those three expenses is enough to put the actual rate of inflation at more than 12 percent, but that is area dependent. Some areas of the country are seeing inflation rates of 30 percent, and others are as low as 8 percent. Much of the variation is due to varying costs of housing and gasoline.

No matter what, the government reported inflation rates are far too low.

Inflation and rent

For months, I have been telling you that the eviction moratorium is killing the rental market. The US dollar is taking a beating. These two factors are coming together to increase rents more than they ever have before.

The central Florida area has seen rental prices increase by more than 20 percent in the past 8 months. This is a housing inflation rate of 30 percent. At this rate, rents will double every 2.5 years. To put this in perspective, the average rent increase seen before COVID was 7%, but this year is seeing rents increase at three times that rate.

This means that our inflation is far, far higher than what we are being told. I am guessing that overall inflation is somewhere near 25% or so. The wheels are coming off.

Tragically Funny

As you all know, Jill Biden is a teacher. In one class, she asks the students if anyone can give her an example of a “tragedy.” One little boy stands up and offers that, “If my best friend who lives next door is playing in the street when a car came by and killed him, that would be a tragedy.”

“No,” the First Lady says, “That would be an accident.”

A girl raises her hand. “If a school bus carrying fifty children drove off a cliff, killing everyone inside … that would be a tragedy.”

“I’m afraid not,” explains Jill Biden. “That is what we would call a GREAT LOSS.”

The room is silent; none of the other children dare volunteer.

“What?” she asks, “Isn’t there anyone here who can give me an example of a tragedy?”

Finally Little Johnny in the back raises his hand. In a timid voice, he says: “If an airplane carrying Joe and Jill Biden was blown up by a bomb, *that* would be a tragedy.”

“Wonderful!” Biden beams. “Marvelous! And can you tell me WHY that would be a tragedy?”

“Well,” says Johnny, “because it wouldn’t be an accident, and it certainly would be no great loss!”