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The federal government is overspending, with deficits hitting record highs due to wars, welfare, and interest on debt. Tax revenue is not keeping up with spending, leading to a ballooning national debt. Interest payments on debt are consuming a large portion of tax revenue, making the situation unsustainable. The government shows no signs of cutting spending, leading to predictions of inflation, defaults, and debt crises in the future. This financial Ponzi scheme could end in disaster if not addressed soon.

Entitlement spending, which makes up most of the federal budget, is a key area for potential cuts. This spending, amounting to roughly half a trillion dollars annually, acts as an incentive for illegal immigration, as it essentially pays people to come here. This influx is then leveraged to create new voters. The Democratic Party is concerned about efforts to curb illegal immigration because eliminating this financial draw would likely cause many to leave, resulting in a loss of potential voters for them.

The Biden administration claims to have added almost 400,000 jobs from July through September of last year. However, new data released this week suggests none of those jobs ever existed. In contrast to the monthly job report showing an increase of 399,000 jobs during the third quarter, these numbers show a decline of 1,000 private sector jobs.

We are going to Washington DC. Eight years ago, Trump promised to drain the swamp, referring to the Washington bureaucracy. However, under his presidency, government size increased, with more employees and nearly doubled spending, contributing to a soaring budget deficit. Programs like the farmers to families food box cost taxpayers billions. Despite claiming to empower women and cutting some spending, many initiatives only expanded the swamp. Once government programs are established, they are hard to eliminate, creating new lobbyists and constituencies. Trump acknowledged the swamp's depth but continues to promise to drain it if re-elected. Critics argue that increasing government jobs contradicts the goal of draining the swamp, suggesting privatization as a better solution. Ultimately, government control over many sectors leads to inefficiency, and real change requires reducing government involvement.

The economy is facing serious issues despite record high stock markets. A recession was projected for late 2023, and while government spending temporarily boosted the economy, real wage growth is down 2%, reminiscent of past election years during recessions. The current economic indicators suggest an impending crisis, with manipulated statistics masking the reality. Although Wall Street remains optimistic for now, signs point to increased volatility and widening credit spreads soon. Historical patterns indicate that easy money leads to fraud, and the current situation mirrors past economic collapses. If Trump takes office, his policies may mitigate some pain, but significant challenges lie ahead as the truth about the economy becomes apparent.

Justin Trudeau has significantly increased Canada's federal workforce to create an illusion of job growth amid economic challenges. This public sector hiring, which has added about 100,000 federal employees since he took office, allows the government to showcase employment gains. However, it imposes a substantial long-term financial burden on taxpayers, costing approximately $8.2 billion annually at an average salary of $82,000 per employee. This approach raises concerns about the sustainability of such growth and its impact on the economy.

We are proud of Project 2025's conservative recommendations, but employment numbers are concerning. Despite rising payrolls, actual employment has dropped by 600,000 since last year. Job gains are going to foreign workers, not native-born Americans. GDP growth is fueled by government debt, leading to high inflation, credit card interest rates, and mortgage rates. This debt-driven spending spree mirrors past economic downturns like the 1970s, resulting in recessions and skyrocketing mortgage rates.

Canada's federal bureaucracy is nearly twice the size of the US when adjusted for population. If Canada had a population of 345 million, it would employ about 3.1 million bureaucrats, compared to 1.8 million in the US. Notably, Canada has more federal government employees but significantly fewer military personnel. While the US focuses on defense and national security, Canada has shifted resources toward a growing administrative state, resulting in a large number of bureaucrats who are not contributing to economic productivity.

What kind of economy is being handed to Donald Trump? Recent data reveals significant job revisions, with estimates showing jobs actually fell in Q2, contradicting claims of job growth. Revisions have already erased over 1.5 million jobs, raising doubts about government statistics. Despite official GDP growth and low unemployment rates, many voters believe we are in a recession. Unemployment claims have reached a three-year high, and job openings are at their lowest since COVID. Americans are cutting back on spending, with many struggling to pay bills, and food banks report record demand. As Trump prepares to take office, the media will likely downplay these issues. A recent podcast discusses voter support for Trump's agenda and the economic situations in Europe and Argentina, as well as the impact of artificial intelligence on inflation.

Recent data from the Social Security Administration reveals that half of American workers earned less than $41,000 last year, even lower than pre-pandemic levels. With the median wage at around $3,400 per month, expenses like rent, car payments, and basic necessities leave very little for other essentials. The decline in American productivity since 2000 is attributed to manipulated interest rates and increased government spending. This has led to economic booms followed by recessions, while bureaucrats use taxpayer money for regulatory mandates. Unfortunately, these policies are continuing, with projected interest rate cuts and soaring federal spending. If we don't change course, the situation will worsen, potentially leading to a decline in the economy.

The government overstated the amount of people in the workforce, with a revision down 818,000 jobs. Manufacturing was down 115,000 people. This is the largest revision down in 15 years. It shows weakness in the job markets over the past year. Construction is down 45,000.

The top 10% of Americans own 88% of equities, while the bottom 50% are in debt. In the summer of 2024, Americans took record numbers of European vacations, but also used food banks more than ever before. Food banks are seeing working families who can no longer afford groceries. The speaker believes the bottom 50% of Americans are not "losers," but the system has failed them. They want good jobs, homeownership, and to pay down debt. The speaker claims that continuing to issue debt would be like a bodybuilder taking steroids: the outside looks great, but it's damaging internally. The economy looked great before the 2008 financial crisis and the dot-com bubble burst. The speaker suggests that his administration will have avoided a financial calamity.

Entitlement spending is most of the federal spending. It's a mechanism by which Democrats attract and retain illegal immigrants by essentially paying them to come here and then turning them into voters. This is why the Democrats are so upset about the border situation. If we turn off this gigantic money magnet for illegal immigrants, then they will leave, and they will lose voters.

More than 25% of the annual federal deficit is spent taking care of illegal immigrants. In 2023, the total outlay was $6.1 trillion, the total revenue was $4.4 trillion, and the federal deficit was $1.7 trillion. In 2023, $451 billion was spent taking care of illegal immigrants, which is 26.5% of the $1.7 trillion deficit. If the border was secure and there was control over who enters the country, 26.5% could be cut from the deficit. This is especially important because the money is borrowed, meaning interest will be paid on it. In 2023, $451 billion was borrowed to support illegals, and interest will be paid on that amount.

They just published an article showing which industries employ the most Americans state by state. In 1990, the map was filled with manufacturing, retail, hospitality, and public sector jobs. Today, the entire country is blanketed in one color, healthcare. Nearly every state's top employer is now in the sickness business. Since 1990, diabetes has doubled from seventeen to fourteen percent. Obesity has tripled from eleven to over forty percent. Nonalcoholic fatty liver disease, colorectal cancer in young adults, and myocarditis were once rare, now they're exploding. Six in ten adults now have one chronic disease with four in ten living with two or more. Big pharma, big food, and a broken medical system created the perfect loop.

The job market is showing signs of decline, with rising unemployment, falling wages, and longer job searches. Job openings have decreased by 800,000, missing expectations by over half a million. The government's numbers are not reflecting the true state of the economy, as many Americans have dropped out of the workforce due to early retirement or government benefits. The Federal Reserve's decision to raise rates could be a mistake, leading to a weaker economy and potential repercussions. It is important to monitor these developments closely.

The president celebrated the GDP report, highlighting the resilience of the American consumer. However, the report also showed a decrease in personal savings by $360 million. When asked about Americans dipping into their savings to afford inflation, the speaker emphasized that more Americans are back in the labor force, with higher participation than before the pandemic. This has resulted in an increase in median wealth for American households in inflation-adjusted terms. The speaker believes that the US consumer and workers are the reason for the economy's resilience and the rise in wealth. They argue that because net wealth and real incomes are increasing, and Americans are working, this is a positive trend for the economy.

They changed GDP. I mean, all the government numbers are lies. They're trying to convince us that a weak economy is strong, by presenting numbers, that don't really, you know, tell the truth about the economy. So we have high inflation, high unemployment. We have a weak economy. In fact, we have a weak labor market. That's why you have record numbers of Americans who have to work two or three jobs now. They don't want all these jobs. They'd rather get by on one job, but they can no longer pay the rent or pay their utilities or pay for food or insurance with one job. They need multiple jobs. This is a sign of a deterioration in the standard of living here in America.

Bidenomics job numbers are questioned as Americans struggle to find work. Unemployment rate may actually be between 6.5% and nearly 8%, comparable to recession levels. Millions of jobless Americans are not counted in official statistics due to various reasons like fear, stimulus checks, and early retirement. Real wages have fallen, leading to second jobs and part-time work. Bidenomics relies on misleading data, but public opinion remains skeptical. Visit PeterStAnsch.com for more information.

The recent jobs report in the US was touted as a blockbuster, with 353,000 jobs added and positive numbers across the board. However, upon closer inspection, it becomes clear that the job growth is not real. The Bureau of Labor Statistics manipulated the data by slashing the work week, making it appear as if wages were increasing. Additionally, various data series suggest that many of the reported jobs are fake or part-time, with no net full-time jobs created last year. Furthermore, the majority of job growth has been among foreign-born workers, while native-born workers have seen no job growth since 2018. The discrepancy in the numbers can be attributed to seasonal adjustments and potential favoritism. Overall, the reality on the ground contradicts the positive narrative presented by the media.

Border arrests have soared, with 1.7 million migrants arrested along the US-Mexico border in the last fiscal year. Several reports link illegal immigrants to violent crimes, including murders in Georgia and Houston. In 1950, the average family income was $3,300 and a house cost $7,300, while in 2023, median personal income was $42,000 and the average house price was $495,000. Homelessness was negligible in 1950 but reached 653,000 in 2023. Worker productivity has increased by 254% since 1950, yet financial stability is harder to achieve. Immigrants hold approximately one in six jobs. Immigrant income is estimated to be 17% lower than native-born Americans, driving wages down. A 2018 study found 63% of noncitizen households benefit from welfare programs. While non-citizens use welfare at twice the rate per capita, US citizens pay 85% of the taxes. In 2021, educating illegal alien children cost around $4 billion. Immigrants use public transportation more frequently (25%) than native-born citizens (9%). Immigrants comprise significant portions of the workforce in retail, agriculture, construction, and professional sectors, including tech. The American dream has been sold off and given to whoever can do your job for less.

Recent data from the Social Security Administration reveals that half of American workers earned less than $41,000 last year, even lower than pre-pandemic levels. With the median wage at around $3,400 per month, expenses like rent, car payments, and other necessities leave very little for food and other essentials. The stagnant wages and rising costs make it difficult for young Americans to afford a house or even make ends meet. The decline in American productivity since 2000 is attributed to manipulated interest rates and increased government spending, which have led to economic booms followed by recessions. Unfortunately, these policies are continuing, with projected interest rate cuts and soaring federal spending. If there is no change in course, the situation may worsen, leading to a decline in the economy.

The speaker informed the president of new data showing the Bureau of Labor Statistics overestimated job creation by 1,500,000 jobs during the Biden administration. Unpublished Census Bureau data indicates that median household income increased by $1,174 in the first five months of Biden's presidency. Real family income gained $6,400 under Trump's first term, compared to $551 under Biden. Every income group fared better under Trump. Under Biden, the lowest income group lost income, the middle class saw virtually no gain, and the highest income group was the only one that improved. Trump reduced income inequality, while Biden worsened it. The lowest income group gained $4,000 under Trump, the middle class $6,400, and the richest almost $10,000.

The United States has over 1.5 million nonprofit organizations that gross $2.6 trillion a year. This is more than the GDP of most countries. Despite this, the U.S. has a large percentage of homelessness, mass incarceration, and food insecurity. This raises the question of how this is possible.