Yeah, Why Not Arm Teachers?

Apparently our liberal friends are shocked, shocked that we NRA gun nuts think that one way of protecting "our children" is by arming teachers. "I can't believe they said that."

But there is a very good reason why arming teachers wouldn't work. The reason is that teachers and school administrators are mostly women and women don't do violence. OK, Dana Loesch excepted.

And we have a perfect illustration of that: Donald Trump. In remarks after the Parkland shooting he said that had he been there he might well have charged into the school. Today, of course, all our liberal friends are sneering at the president.

But in fact there is history on this, from Mother Jones (disputed by Snopes.com). It's 1991 and Trump is riding in the Trump limo to a concert in New York City with Marla Maples, his main squeeze at the time. Trump saw a man being beaten with a baseball bat, and stopped the car. Despite the pleading of Marla Maples (according to Rush Limbaugh) Trump got out and confronted the bat-wielder.

Get it? Marla Maples said: Don't! Alpha male Trump:

The guy with the bat looked at me, and I said, ‘Look, you’ve gotta stop this. Put down the bat,'” Trump told the New York Daily News. “I guess he recognized me because he said, ‘Mr. Trump, I didn’t do anything wrong.’ I said, ‘How could you not do anything wrong when you’re whacking a guy with a bat?’ Then he ran away.”

Others at the scene have a different story.

But I had a similar experience, although nothing like as brave and noble as Trump. Lady Marjorie and I were at a jazz club and getting ready to leave. But the musicians were having an argument with the management, right in our way. Lady Marjorie wanted to avoid the crush, but I was damned if I was going to cringe before these hoodlums, so I led her right through the scrum. And we survived.

This is the way of all flesh.

Hunter-gatherers? Once there weren't enough men to maintain a tribal territory the tribe disbanded and the women were taken up by neighboring tribes.

Greeks in 1000BC? They sacked cities on their way to Troy, killed the men, but took the princess Briseis to become a concubine. That's what the row between Achilles and Agamemnon was all about: who got the babe.

Cleopatra in 0000? Well, she killed herself with an asp, but previously, as the tail end of the Ptolemaic dynasty, had been shacking up first with Gaius Julius Caesar and then with Mark Anthony, realizing that Ptolemaic Egypt and she were doomed to Roman suzerainty.

Vikings in 1000AD? They sailed up the rivers of Britland in the fall, killed the men, stole the grain, and took the women to sell them in the slave market in Dublin, Ireland.

Berlin in May 1945? The German women were left defenseless in Berlin, and made the best deal they could with the invading Red Army. The best thing was to become the mistress of a Captain or a Major, and steer clear of the enlisted men. But the women hid the teenage virgins in the attic.

Liberal colleges in 2017? Post sexual revolution, nice girls submit to the hookup culture, and then complain about it afterwards.

See, here's the thing. Men are expected to march toward the sound of the guns, and indeed a lot of men instinctively do it. Because millennia of hunter-gatherer tribal warfare. But women don't. Men are fighters; women are carers.

But the thing is that education from K thru graduate school is becoming more and more completely dominated by women, and this means that education is bound to become dominated by a "feminine sensibility." Women complain, but they don't march to the sound of the guns, looking for trouble. If it comes to a fight, then women submit. And frankly, judging from the German women in Berlin in 1945, I gotta say it works for them.

Yes, but what do we do about school shooters, now that school shooting has become a "thing" that even the dullest, laziest teenager knows about? Well, according to David Cole we could ramp up security just like they did in LA during the gang warfare of the crack epidemic, with the head of security packing heat.

But I think that the answer is to take down the whole government school system. Maybe it had a point, back in the 19th century when the working class wanted free education so their kids didn't have to go down the mine. But today I think that all the neighborhood women should get together and educate their kids with each other. That way kids would not be assembled in strategic concentration where they are sitting targets, both for liberal indoctrination and for drugged, crazed male school shooters.

Don't Forget the Big Picture on Russia/FISA

If you are interested in a big picture look at the whole collusion-opposition-spying thing, a good place to get it is from Sharyl Attkisson's time line -- that starts in 2011.

Because the point of the whole thing is not really whether or not the application to the FISA court to access the electronic communications of Carter Page dotted all the 'i's and crossed all the 't's as is implied in the Battle of the Memos.

The bigger point is: what in the world did the Obama administration think it was doing sniffing around the Trump campaign? I would have thought, naive fool that I am, that the Obamis would want to take a Caesar's Wife approach to surveillance on the opposition party. They would naturally, as American patriots, want not just to have clean hands, but demonstrably so.

As in: we here at the FBI think there might be some tricky stuff going on, but we at the FBI have to make the assumption that the campaign of a duly nominated major-party presidential candidate has the best interests of America at heart. Best thing is just to send someone around to Trump Tower and say, hey fellahs, word to the wise: you should know this chap over here has some rather unsavory associations, and you wouldn't want to get tangled up with him.

But in the event it seemed that the higher ups at the FBI got themselves invested in the Democrat narrative about Trump being totally unqualified and unsuited to be president. Of course, once you start down that road you can get yourself tangled up in utter folly, as it seems that the FBI and the DOJ did and are still doing.

This is why I maintain that they are all idiots.

Presumably, the Clinton e-mail fiasco intersects with this. The foolish and corrupt Hillary Clinton was in a tricky situation with her illegal private e-mail server. Who knew about it? And what about President Obama, who e-mailed with her through her private server? What kind of trouble could he get into from having done nothing about an illegal email arrangement? You can see that everyone at the DOJ and the FBI would have been up to their necks in this utter mess, wondering how much they could help cover up their bosses' mess without exposing themselves to administrative or criminal process.

The e-mail scandal shows the utter foolishness of Hillary Clinton, and it shows why she should not be elected or appointed to any office of responsibility for anything. The whole point about being some big honcho is that you can't know the details of your job. You are the big honcho calling the big shots. So, the absolute crux of your job is getting good advice from trusted advisers. Now, any advisor with half a brain about tech would tell Hillary Clinton: Don't go there with your own private email server. Don't do it. You are a high-value target; everyone in the world would love to hack into your email. If you have your own private email server then you will just never be able to keep up with the latest security issues and keep your email server safe. Heck, even the big boys, the Googles and the Amazons, are racing to keep up.

Now, in my view, any big honcho with the kind of judgement you need in a big honcho would respond to her tech adviser by saying: wow, better not go anywhere near that; it sounds like an accident waiting to happen.  But Hillary Clinton didn't do that. What does that say about Hillary Clinton and her judgement?

And now let us return to the big picture. What is the real story behind all this shenanigans? Was it just that the Obamis wanted to help Hillary Clinton's campaign? Or was it that they had something to hide so they needed to know what the Trump people knew? Or what?

I think that when the whole episode is over we will find out that the whole thing is a Keystone Kops mess that started over some minor issue that some big honcho wanted to hide.

But good help is hard to find, and so the little honchos that were trying to clean up for the big honchos probably got in deeper than they realized and so were torn between continuing to try to clean up the big honcho's mess and cleaning up the mess for themselves that they had created by trying to clean up the big honcho's mess.

I think that a basic understanding of American politics starts with the fact that, if you are a Republican, you are always afraid that you will find the most innocent political deal blown up into a huge scandal on the nightly news. But if you are a Democrat you assume that your shenanigans will never see the light of day. And if your shenanigans do see the light of day, why then your willing accomplices in the media will kick sand all over it so that nobody remembers what it was all about.

Meanwhile, as I mentioned in my American Thinker piece this week, suppose this:

Suppose all the Russia Collusion stuff and all the "I can't believe he tweeted that" noise actually plays to President Trump's advantage? Here's why.

The thing about the media is that it only has a limited bandwidth. It is like a political campaign, which I say can only handle about one and a half issues at once. If the mainstream media is doing wall-to-wall coverage on the Russia Collusion scandal that means they are not doing wall-to-wall coverage on the Trump deregulation executive orders and the Trump Obamacare demolition process. And that is why the Trump executive orders are going through without much pushback. The Trump Collusion effort has sucked all the oxygen out of the room, and so that means that the awful things Trump is doing to education and the environment and welfare and food stamps and Obamacare, in which minorities and women are hardest hit, just don't get the Two Minute Hate treatment they deserve. We are already doing Two Minute Hate non-stop on Russia.

Look, I don't know what will happen on all this, whether the Deep State catches Trump after all, or whether Trump goes from strength to strength, whether the Dems recapture Congress this fall or whether all their confident predictions turn out to be hot air.

I just think that the basic fact is this. Our present educated-class dynasty is now something over 100 years old. That means we are several generations down from the original hard-assed operators that, e.g., created the Federal Reserve and passed those Progressive Era constitutional amendments like direct election of senators and federal income tax. Imagine our present progressive leaders being able to pull off stuff like that! As they say about the children of brilliant parents: eventually you regress to the mean. Eventually you get a federal government run by a bunch of people with the right connections rather than outrageous talent. Eventually you get the Parkland shooting in which government at all levels failed to act. Think of the difference between Teddy Roosevelt and Barack Obama. Or think of the difference between Elon Musk and whoever is the CEO of Clorox. Not that there is anything wrong with Clorox.

There is a yearning in all of us to get past all the sound and fury of Democrats contesting the last election. But maybe the sound and fury is a good thing, because it prevents the cool heads at Democrat Central from getting down to the really important stuff: what with Trump and Brexit and all the white liberals ageing out, whither the Democratic Party?

That's the real big picture.

Protection in an Age of "Feminine Sensibility"

In the aftermath of the Parkland school massacre we are experiencing what, for conservatives, is a curious disconnect. On the one hand we have the usual liberal suspects clamoring for gun control. On the other hand we have the evidence of major governmental failure: failure to follow up on multiple opportunities to deal with the accused mass murderer before he struck; failure of the armed police guard at the school to intervene, and general government incompetence up and down the line.

What is going on here?

I return once again to my Georg Simmel line, that in the modern era with the emergence of women into the public square we are going to see women move the public square into a direction that conforms with a "more feminine sensibility."

One of the forms of feminine sensibility is that every woman expects, as of ancient and immemorial instinct, that she should be protected.

In the bad old days of the patriarchy every woman was protected by living in a household that was headed by a man. That man was responsible for the woman's protection. Today we find many women -- independent women, in the words of Simone de Beauvoir -- that do not live in a household headed by a man. But all women still expect to be protected.

You can see how this plays into the whole gun-control issue.

Obviously, if the proverbial patriarchal male no longer provides protection to our independent woman; someone else must step in to provide protection. Obviously there is only one agent that can do that: the government's police force.

And just as obviously, it makes sense to disarm all men so that our independent woman would be free from attack by a deadly weapon, and thus protected. Thus, the feminine sensibility would affirm, with the disarmament of men and the enabling of the police, women are once more safe.

I believe this is what is called magical thinking.

In the first place, the banning of deadly weapons is not going to protect women. There are ways of violating women other than with guns: there are knives; there are blunt objects; there are fists; there are threats.

In the second place, government is not going to protect women. This is obvious from the actual record of government failure in the Parkland school massacres. It is obvious from the science of bureaucracy, that predicts, after a brave beginning, that every bureaucracy will devolve into utter immobility. This is because the logic of bureaucracy is that is almost always more sensible to do nothing than to do something. No doubt this is why Dickens calls his stereotypical bureaucrats at the Circumlocution Office: Barnacles and Stiltstockings. He does not call them Braveheart or Producer.

In reality governments across the world and down the ages have promised protection but delivered oppression. The cost of protection is usually servitude.

Our age is notable, for its Great Enrichment has freed both men and women from the necessities of immediate survival. In the old days you either got with the program or you died. And often you died anyway. But in our age we can experiment and not immediately experience the penalty of failure. This has its good side and its bad side. The ability to experiment has produced both the Great Enrichment of global capitalism and also the Great Massacres of the Soviet Union, Nazi Germany, and Maoist China.

I suspect that in the great and glorious future, as all the bright ideas and the silly failures shake themselves out, we will find that women still expect to be protected, and that the most efficacious way for a woman to be protected is through the agency of some man.

There is no mystery about this. Men are fighters and women are lovers. For men the complications of caring and relationships cut into the simple life of fighting, whether against the next-door tribe or the next-door market competitor.  For women the existential perils of the fight cut into the necessary complications of loving and caring.

And so, I predict, at the end of the Age of Feminine Sensibility we will find that women will want to be feminine and leave the masculine stuff for the men. Because Darwin, or evolution, or something.

What is this "Our," Kemosabe?

Do you ever notice the way our liberal friends talk about "our communities" or "our democracy?" This week, in the aftermath of the Parkland shooting, they are talking about "our children."

What is going on here?

I've been wondering about this because I have just had this feeling that our liberal friends are putting something over on us with this "our" stuff. After all, how come they don't talk about "our gunowners?"

I've decided that the "our" shtick has to do with the necessities of liberal politics. In the first place, liberals have a problem with the nation state. So liberals cannot really talk about "US democracy" because that builds up the nation state of the United States of America. Liberal politics is built up around the principle of anything-but the nation state. So using the catchphrase "our democracy" conveniently elides the 800-pound gorilla, that the US is a nation state and it is built upon a cult of the nation and its Anglo-American roots, its revolutionary war and its Constitution.

Similarly, when liberals talk about "our communities" they are eliding the uncomfortable fact of their identity politics, that liberals encourage their supporters to think of themselves as other than Americans, and instead to think of themselves primarily as blacks, Latinos, women, LGBT, etc. -- indeed as any group brought together by activist politics. Thus "our communities" conveniently assembles together all the incompatible identities flying the flag of convenience of identity-group liberalism. Strictly speaking, blacks, Latinos, feminist women and gays have nothing in common. Indeed, given that they all want something out of the administrative state, they are all existentially in competition for the state's resources. But they are held together because of the power of the educated-class liberals that lead them and discipline them.

I think that the "our" designation is also a manifestation of Georg Simmel's "more feminine sensibility" that has changed the western public square in the last century. I think that women like to think in these more inclusive terms, as thinking of all acquaintance as part of "our family" and any disagreement as a scandal, whereas men are more apt to be comfortable with divisions and ongoing disagreements as part of the nature of things.

I think that conservatives and alt-righters should be forthright about celebrating America the nation, and work to de-legitimize the cunning evasions of the "our" concept. We should talk about the US, about American democracy, American law, US patriots, the common heritage of responsibility and contribution to the national idea, and so on. And we should talk about race and gender as all very well in their way, but as dangers that divide us and potentially blind us to our common humanity and our participation in the service culture of the market economy and the great family of the nation state.

See, I think that the war on the nation practiced by our educated class and the global elite generally is utter folly. The nation state is the last best hope of humans, thus far. It has provided a means of identity that is larger and more inclusive that the old identity of tribe and clan. Right now there is no prospect of a larger identity, such as pan-Europeanism or globalism, quite simply because we humans do not all speak the same language. Meanwhile the educated-class support of identity politics threatens to break up the hard-won unity of the nation state, with unimaginable consequences.

Despite the constant war on the nation state you can see that it has a lot of power to inspire and to bring people together. That, after all, is what Make America Great Again is all about.

Rummaging Around at Powells Bookstore

We are down in Portland, Oregon, for a couple of days, and naturally the first order of business is a visit to Powell's City of Books on Burnside Street. It's right down the street from Whole Foods.

It is, of course, a great bookstore, although it didn't have a couple of items on my Amazon Wish List: Simon Leys' Chinese Shadows  and Peter L. Berger's Social Construction of Reality. Well, I can understand Powell's not having the Berger book, since maybe Berger is a bit too right wing for lefty Portland. But the Leys book? Hard to figure.

Here's a couple good things about Powell's. In the Philosophy section they have big dividers announcing, say, books "By Plato" followed by books "On Plato." And that goes for all the prominent philosophers, past, present and future.

Now, in the Psychology section, Jung and Freud are abstracted from the general run of psychology and occupy a special section all on their own, facing an information desk. Jung is on the left and Freud is on the right. Hmm. So what is that all about, given that Jung is probably right of center and Freud left of center. Does that mean that Jung is considered the first among equals in the Powell's universe and Freud second? Or what?

I tell you what I worry about. How long can Powell's survive downtown in Portland? Let's face it; books are not the kind of business that can justify occupying prime downtown real-estate. Let's leave the decline of Borders and Barnes and Noble; those guys have their own problems. A more vital concern is my own favorite HalfPrice Books.  In Seattle HalfPrice is retreating from downtown to the suburban strip mall. It used to have a store right close to downtown Seattle on Capitol Hill. That store closed years ago. HalfPrice used to have a store in the University District. That store closed a year ago. Now I have to drive 20 minutes to get to a HalfPrice book store. It's an outrage!

Still, the internet has been good for the book business. Used to be that a used bookstore was a musty mess of the old and the irrelevant. But now, with an active pricing system for used books from Amazon to Abebooks, every used bookstore knows the price on just about every book imaginable and knows exactly what to feature on its shelves. And it shows.

Well, I got a book by Thomas Kuhn, the "paradigm shift" guy, on his further reflections on his Structure of Scientific Revolutions. Remember that his main line was that science was a social endeavor, and that scientists are social beings. Thus science advances as the old generation dies off and can no longer enforce its orthodoxy. The application to climate science is obvious. We have seen, in the Climategate emails, how climate scientists enforce orthodoxy. And we see how funding drives the scientific community, for modern science lives by funding from government, and government funds the agenda that enhances its power.

Today, I think, I am going to go to Powell's and look at its "Activism" section. Yes, in lefty Portland, the culture of activism is alive and well and it has a whole section on How to Do It. I suppose that my interest in Activism is not really the how-to, but the why. What is it that motivates people to launch themselves into the practice of politics as a saving faith?

You know my take on Activism. I think that the rise of the market economy has radically altered the nature of politics, and the warrant for government force. I think that the modern era is founded upon the new and radical reality that the basis of human cooperation must be the surrender to the market and its prices, rather than surrender to the local lord and his power. The Soviet Union and Maoist China did a controlled experiment on this, and proved that political power is a dead hand. And yet we have this great movement, what I call the Great Reaction, with what amounts to a religious faith in the use of political power.

I don't get it. But I certainly do get the importance of Powell's Books, even if it can't forever survive in downtown Portland, Oregon.

Federal Budget: Best of Times or Worst of Times

Today there are a couple of commentaries on the federal budget. One is from Goldman Sachs, worrying that interest cost will eat the budget, and one from Stephen Moore, with the idea that "Obama cut the deficit in half" is crazy.

What's a mother to think?

The simple answer is: Yes.

Yes, the federal budget will dissolve in huge interest costs if nothing is done, and in the worst case if nothing is done we will end in hyperinflation, à la Venezuela.

Yes, it misses the point to say that Obama cut the deficit in half on his watch. Because the federal debt doubled on his watch.

OK. As President Eisenhower said, if you can't solve a problem then make it bigger.

Our big problem is that we spend a trillion dollars a year and more on government pensions. And we spend nearly a trillion and a half dollars a year on health care for old people and the poor.

The first problem is a monstrous injustice. We are saying that the needs of older, retired Americans come first, rather than the needs of young families that are getting the next generation off the ground. On my idea of justice, individual people are responsible for their own retirement savings and they retire when they can afford it. Of course there are going to be people who run out of money through no fault of their own. We, whether we the government or we the charitable or we the children, can take care of that without breaking the national bank. There is an additional benefit to this plan, apart from its justice. And that is that the economy would be borne aloft on a huge flood of savings.

The second problem is also a monstrous injustice. It is nice to provide health care for older people, and it is nice to provide health care for the poor. The trouble is that when you decide to do it with government it means that you do it with administrative bureaucracy. And that means, according to the theory of regulatory capture, that the health system gets run in the interest of the health care providers rather than the interest of health care consumers. It means that the health care system gets mewed up in thickets of government protocols and mandates and credentialization. So the health care system becomes incredibly expensive and learns how to respond to government mandates rather than consumer preferences. I don't know what health care would look like if it was basically driven by consumer demand, i.e. what individual consumers, backed up by catastrophic health insurance, wanted with their individual spending on health care. Maybe someone should write a book or make a movie. But we the government and we the charitable and we the children could still take care of people that couldn't afford health care through no fault of their own.

So my view is that the government should not occupy the commanding heights of pensions and health care. Pensions and health care are important social functions that should be the responsibility of individual people, who would be much the better for taking care of their own instead of having it taken care of, rather badly, by the ruling class. Put it this way: saving for your own retirement builds character.

Regarding the deficit and the debt, the basic facts are that in 2008 the US went through a once-in-a-generation financial crash, where the credit system almost seized up. In such a situation, according to Reinhart and Rogoff in This Time is Different, the national debt usually doubles. That's because the way to get out of a financial crash in which the whole credit system seizes up is for the government, through the central bank, to act as lender of last resort and basically nationalize the credit system for a while. And that is what happened: with TARP (at $700 billion in lending) and with various credit guarantees totaling $20 trillion, the government stabilized the financial system. And it was all in place before Obama was inaugurated in January 2009. I would say that Obama enacted the wrong policies in  2009, with a Keynesian stimulus and then the dead hand of Obamacare. But at least we enjoyed a modest recovery from the Crash. It could have been worse.

Yes, but how do we prevent this sort of thing in the future?

The proximate cause of the Crash of 2008 is that the financial system discovered, rather too late, that the derivatives based upon the mortgage bonds of government housing finance giants Fannie Mae and Freddie Mac were not sound because the mortgage bonds of Fannie Mae and Freddie Mac were not sound. In the 1990s and 2000s the government mandated that Fannie Mae and Freddie Mac lend, more and more, to sub-prime borrowers. By the time of the crash, over 50 percent  of mortgages financed by Fannie and Freddie were to sub-prime borrowers. This is a problem, according to Walter Bagehot in Lombard Street, published in 1873. The credit system is founded upon two notions. The first notion is that borrowers are able to service their loans. Obviously, sub-prime borrowers are not really able to service their loans if interest rates rise or if they lose their jobs. The second notion is that loans should be properly collateralized so that if the borrower fails to service the loan then the lender can sell the collateral to recover his principal. If people in the market start to question the ability of borrowers to pay their loans and/or question whether loans are properly collateralized then you get a crisis of confidence and the credit system seizes up. So, in 2008 we had borrowers that could not service their loans and we had low-down-payment loans that could not be properly liquidated. Really, we are lucky that the Crash of 2008 was not much worse than it was.

So what, you might ask, should government look like in the best of all possible worlds?

It is simple. The national government should only spend money on defense. In the case of war it should raise taxes and borrow money. After the war it should cut defense spending and reduce the debt. That is all. And its central bank should help finance the war and act as lender of last resort in the case of the once-in-a-generation financial panic. That is all. The government should not use its power to game the credit system with loans to its supporters.

Of course, this is all fantasy. The reality of life on this planet is that we the people are always petitioning the government to pull our chestnuts out of the fire when we get into a little trouble. But that is mere bagatelle compared to the sins of the ruling class. The ruling class is always using the government to fight the war to end all wars, whether fighting the Kaiser, fighting the Nazis, or fighting racism, or fighting global warming.

And it will be ever thus.

The Real Trump Budget

It took me a week, but I finally took a look at the Trump budget on my special federal budget feature on usgovernmentspending.com.

The table below shows budgeted outlays for federal spending for the next six years, starting with the current fiscal year, FY 2018.

Year $ billions	FY 2018 Outlays	FY 2019 Outlays	FY 2020 Outlays	FY 2021 Outlays	FY 2022 Outlays	FY 2023 Outlays
Pensions	1,044.5	1,107.5	1,181.7	1,251.4	1,331.5	1,404.4
Health Care	1,182.4	1,225.3	1,291.6	1,316.4	1,423.8	1,467.8
Education	111.6	112.5	104.5	96.8	98.2	95.9
Defense	867.8	949.9	987.1	995.5	1,022.3	1,030.3
Welfare	354.0	347.9	345.7	351.1	363.0	366.6
Protection	42.3	42.3	44.2	45.3	46.2	47.6
Transportation	94.4	94.0	93.3	92.4	69.4	66.8
General Government	55.2	53.8	53.0	50.9	51.8	50.8
Other Spending	110.6	110.1	48.0	43.9	22.6	15.7
Interest	310.3	363.4	446.6	510.4	567.7	618.5
Total Spending	4,173.0	4,406.7	4,595.9	4,754.1	4,996.5	5,164.6

Do you see what is going on? Pensions, health care are steady as she goes. Yay seniors! Defense shows a minor increase. Education and Welfare show minor decreases. Transportation is going to take a hit. Yay bullet trains to nowhere!

But look at Other Spending. It's going to be reduced by 90 percent! But what is it? Well the big numbers are Mortgage Credit at -$35 billlionish, which I assume is income from Fannie and Freddie the mortgage giants, and an innocuous item called "Adjustment for Budget Control Act Caps (Non-Security)" that goes from zero in FY18 to -$60 billion by FY23. Yeah. I don't have a clue what that is, but I am sure it is some kind of shenanigans.

Hey, but look at Interest. It is going to double from $310 billion in FY18 to $618 in FY23.

But the bottom line is this. Pensions, i.e., Social Security, and Health Care, i.e., Medicare/Medicaid, are the only things that matter, because they amount to over $1 trillion a year and they are going to continue going up.

Everything else, the stuff that people scream about from year to year, is peanuts.

But nobody is proposing to do anything about Social Security and Medicare. Because we baby boomers insist. Grandpa says that he already paid in to Social Security; grandma says they'd better not touch "my" Medicare.

But here is my lament. With the $10 trillion we added to the national debt after the generational financial crash in 2008 we coulda privatized Social Security. Just saying. And you know what that would have done? It would have created trillions in private wealth for ordinary people. Instead of just getting a check from the government they would have their own accounts at Vanguard and Fidelity, and would be passing a lot of that money on to their children.

As the song says: "Ain't it all a blooming shame."