Renee Parsons<\/p>\n
While thousands of irrelevant politicians, industrialists and hangers-on met in Davos, Switzerland striving for a modicum of positive reinforcement that their annual soiree actually stood for some awe inspiring principle, the US House of Representatives is exhibiting the early glimmers of cognizance as the stage is set for a dynamic, if cantankerous debate on exorbitant spending habits that has driven the country into a fiscal ditch. \u00a0<\/span><\/span><\/p>\n \u00a0<\/span>Rather than allow that cheerless band of presumptuous elites who demand absolute power, offering nothing worthwhile to share with humanity, the US House may demonstrate how a long dormant public institution awakens to reassert its power and significance in an illustration of how a Constitutional Republic should function.\u00a0 \u00a0<\/span><\/span><\/p>\n After decades of billion dollar expenditures on multiple needless wars, public surveillance tools and inconsequential budgetary irrelevancies that have drained precious resources from improving the daily lives of Americans, the US elected class reached the striking realization that a statutory debt of $33 Trillion (annual 5% interest due) is unsustainable<\/span><\/a>. \u00a0 <\/span>Despite Democratic hair-on-fire accusations, that trillion dollar figure does not include entitlement programs like Social Security and Medicare which would add another $30 Trillion to the Federal debt.\u00a0 <\/span>Both are \u2018off the table\u2019 as they should be as potential sources of revenue as both provide necessary support for millions of Americans.\u00a0<\/span><\/span><\/p>\n As any addictive shopper can relate, the Federal Government\u2019s administrative state and its acquiescent Congress have rarely exercised necessary discretion to not spend on a \u2018trial\u2019 program, to forego in the name of austerity such ludicrous line items<\/span><\/a> like the thousands of\u00a0 <\/span>ear marks\u00a0<\/span><\/span><\/a> and\u00a0 <\/span>\u2018woke\u2019 trinkets hidden within the recent $1.8 Trillion\u00a0 <\/span>Omnibus bill.\u00a0<\/span><\/span><\/p>\n Like any first time credit card recipient who loses track of financial sanity, they go nuts until that credit limit is reached and all spending screeches to a halt; that is Elementary Shopaholic Lesson 101.\u00a0 <\/span>Like any drug habit, a spending obsession demands an immediate \u2018fix\u2019 which can only be satisfied by exceeding the credit limit\u2013 except when the offending drugster is the Federal Government which has never, ever had to confront its compulsive need to spend other people\u2019s money since invention of the Federal Income Tax (Sixteenth Amendment<\/span><\/a>) and the Fed Bank<\/span><\/a><\/span>,<\/span> both in 1913.\u00a0 \u00a0<\/span><\/span><\/p>\n On January 19, Treasury Secretary Janet Yellen formally informed<\/span><\/a> Speaker McCarthy on the status of \u2018extraordinary measures<\/i>\u201d<\/span><\/a>\u00a0 <\/span>taken as a result of the US reaching its statutory debt limit.\u00a0 <\/span>Those measures included establishing a \u201cdebt issuance suspension period<\/i>\u201d while suspending investments and \u201credemption of certain existing investments<\/i>\u201d related to the Civil Service Retirement and Disability Fund<\/span><\/a><\/span> and the Postal Service Retiree Health Benefits Fund<\/span><\/a><\/span>.<\/span> \u00a0 <\/span>Additional suspension of daily reinvestments of Treasury securities held by the Government Securities Investment Fund (G Fund)<\/span><\/a> representing every Federal employee are included \u2013 all of which millions of retired and\/or disabled American beneficiaries depend on.\u00a0<\/span><\/span>\u00a0<\/span><\/span><\/p>\n To better understand the concept of redemption of certain investments <\/span>(see 1.a. and b<\/span><\/a>.) which raises the question of whether the Federal government is stretched so thin that the use of public employee pensions remain the best source of revenue to eke out the necessary \u2018headroom\u2019 to pay Treasury\u2019s existing obligations between now and\u00a0 <\/span>early June?\u00a0<\/span><\/span>\u00a0<\/span><\/span><\/p>\n Specifically, use of the PSRHBF may be especially egregious since the Fund\u00a0 <\/span>has been in a fiscal struggle since 2007 when the USPS lost over\u00a0$69 billion<\/span><\/a><\/span> due to the creation of digital email<\/span>. \u00a0 <\/span>As a result, the USPS has not contributed to its health fund<\/span><\/a> since\u00a02012, according to its latest financial statement. <\/span>\u00a0<\/span><\/span><\/p>\n When the House gets down to seeking budgetary relief, there needs to be recognition that the US will not continue to fund every international organization, taking advantage of US largesse as Sugar Daddy of the World with unlimited financial resources. \u00a0 <\/span>Since the late 1940\u2019s when the United Nations and the World Health Organization were created, both have grown into bloated bureaucracy that have deviated from their original humanitarian goals.\u00a0 <\/span>Neither has proven to be open to oversight, accountable or fiscally responsible depending on a guarantee from the US of unwavering financial support.\u00a0 <\/span>Most importantly, each has adopted new contrarian roles which threaten US sovereignty and no longer reflect US beliefs or deserve US dollars. \u00a0<\/span><\/span><\/p>\n Democrats need to resign themselves to the fact that their tantrums and snit fits on the House floor will not assuage the problem that they themselves have been instrumental in creating.<\/span><\/p>\n As the UN\u2019s largest donor<\/span><\/a>, the US provides $11 B annually<\/span><\/a> which is one-fifth the UN\u2019s annual budget. The US is also responsible for funding many UN agencies such $884 million to<\/span> <\/i>UNICEF as its largest<\/span> public donor<\/span> in 2021<\/span>.<\/span><\/p>\n Founded in 1945<\/span><\/a> immediately after WW II on the principle of maintaining global peace and security, the UN has broadened its focus to assume a one world<\/span><\/a> mission as the UN and the World Economic Forum<\/span><\/a> signed a Strategic Partnership Agreement<\/span><\/a> in 2019.\u00a0 <\/span>That Agreement was never approved by the General Assembly and provides an unprecedented and dangerous move<\/span> towards a privatized and undemocratic global governance<\/span><\/a>.\u00a0<\/span><\/span><\/p>\n In addition, UN<\/span><\/a> representatives have been identified in the Darian Gap along the US -Mexico border working with the cartels<\/span><\/a> to facilitate passage of\u00a0 <\/span>illegal<\/span><\/a><\/span> migrants into the United States providing<\/span><\/a> them with food, birth control\/condoms and other survival resources –\u00a0 <\/span>none of which is compatible with American values\u00a0 <\/span>and no way to repay a country with a history as its largest and most consistent contributor. \u00a0<\/span><\/span><\/p>\n would remove the US from participation in the requirement to accept the WHO\u2019s International Health Regulations Review Committee (IHRRC) draft amendments, if adopted, would be legally binding<\/span><\/a> under international law.\u00a0<\/span><\/span><\/p>\n The amendments would restructure WHO from an <\/span>advisory organization that makes recommendations into an authoritarian governing body whose proclamations would be legally-binding; mandating global health certificates, with a capacity to identify and censor \u2018misinformation\u2019 and not allow\u00a0 <\/span>US Senate approval with a two-thirds vote as if it were an international treaty.<\/span>\u00a0<\/span><\/span><\/p>\n\n
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