The Debt Ceiling Farce: A Political Circus That’s Bankrupting America

By Juan Fermin, NoSocialism.com 

Every few years, Washington puts on a predictable show: the debt ceiling drama. Politicians from both parties clutch their pearls, warn of catastrophic defaults, and then—surprise!—they raise the debt ceiling, pat themselves on the back, and kick the can down the road. Meanwhile, the national debt is barreling toward $36 trillion, and the interest payments alone are set to cripple our economy. This isn’t governance; it’s a farce. At NoSocialism.com, I’ve been calling out this nonsense for years, and it’s time we face the truth: the debt ceiling is a meaningless ritual that’s bankrupting America.

The Debt Ceiling: A Toothless Charade

Let’s start with the basics. The debt ceiling is a legal limit on how much the federal government can borrow to cover its spending. Sounds reasonable, right? Except it’s not. Congress sets the budget, spends the money, and then pretends to be shocked when we hit the ceiling. It’s like maxing out your credit card and then debating whether to raise your credit limit—while still shopping. Since 1960, the debt ceiling has been raised or suspended nearly 80 times. It’s not a restraint; it’s a political prop.

The latest round of debt ceiling talks, as I wrote about in my piece on the debt spiral crisis, was more of the same. Republicans demand spending cuts, Democrats cry about Social Security and Medicare, and in the end, they strike a deal that does nothing to address the root problem: we’re spending way more than we take in. The Congressional Budget Office projects deficits of $2 trillion a year for the next decade. Yet, every time the debt ceiling looms, we get the same tired script—grandstanding, brinkmanship, and a last-minute “bipartisan” deal that solves nothing.

The Real Emergency: Interest Payments

Here’s where it gets scary. The national debt isn’t just a big number; it’s a ticking time bomb. Right now, we’re spending about $1 trillion a year on interest payments alone—more than we spend on defense or Medicare. But most of our long-term bonds were issued when interest rates were dirt-cheap, around 3%. As those bonds mature and get refinanced at today’s rates—closer to 5 or 6%—those interest payments could skyrocket to $1.5–2 trillion annually. That’s not speculation; it’s math.

As I pointed out in my article on Trump’s tariff strategy, President Trump is trying to boost federal revenue through tariffs to offset this mess, but it’s a drop in the bucket. The reality is, Congress has no appetite for the tough choices needed to rein in spending. Entitlement programs like Social Security and Medicare, which make up nearly half the budget, are treated as sacred cows. Meanwhile, we’re piling on new spending—green energy subsidies, bloated bureaucracies, you name it. The debt ceiling debate is the perfect distraction, letting politicians pretend they’re being fiscally responsible without actually doing anything.

Why the Farce Persists

So why does this charade keep happening? Simple: politics. The debt ceiling is a convenient way for both parties to score points with their base. Republicans can rail against “big government” while quietly supporting pork-barrel projects in their districts. Democrats can accuse the GOP of wanting to gut social programs while ignoring their own role in ballooning the deficit. And the media eats it up, hyping the “crisis” to keep us glued to their screens.

But the real crisis isn’t a potential default—everyone knows we’ll raise the ceiling. The crisis is that we’re mortgaging our future. Every dollar we spend on interest is a dollar we can’t spend on infrastructure, defense, or tax cuts. And as interest rates climb, that squeeze gets tighter. Elon Musk, as noted in Glenn Beck’s recent piece, has been vocal about the need for real spending cuts. He’s right, but he’s also up against a Congress that’s addicted to spending and a political system that rewards short-term posturing over long-term solutions.

Time for Real Solutions

The debt ceiling farce won’t end until we demand better. At NoSocialism.com, I’ve argued for years that we need systemic reform: a balanced budget amendment, a flat tax, and serious entitlement reform see my take on fiscal sanity. Trump’s trying to do what he can—limiting government growth, canceling wasteful subsidies, and pushing tariffs—but he’s hamstrung by a Congress that lacks the guts to act. The 2026 midterms could be a game-changer if voters send a message: stop the spending spree.

Until then, the debt ceiling will remain what it’s always been: a political circus that distracts us from the real emergency. We can’t keep borrowing our way into oblivion. It’s time to ditch the theatrics and face the math. Our kids deserve better than a bankrupt America.

What do you think? Is the debt ceiling a useful tool, or just a distraction? Drop your thoughts below, and check out more of my takes on the fiscal crisis at NoSocialism.com.

China’s Desperate Play: Smuggling Pathogens to Sabotage Trump’s America First Agenda

By Juan Fermin NoSocialism.com June 5, 2025

Folks, it’s happening again. Just when you thought the Chinese Communist Party (CCP) couldn’t sink any lower, they’ve been caught red-handed trying to smuggle a dangerous biological pathogen into the United States. This isn’t some sci-fi movie plot—it’s real, and it’s a direct attack on America’s heartland. Two Chinese nationals, Yunqing Jian and Zunyong Liu, were charged with conspiracy, smuggling, false statements, and visa fraud for trying to sneak Fusarium graminearum—a fungus labeled a “potential agroterrorism weapon”—into Michigan. Read the DOJ’s report here. This is the same kind of playbook we saw during Trump’s first term with the COVID-19 pandemic, and it’s no coincidence. China’s desperate to derail Trump’s America First agenda, and they’re willing to risk our food supply and public safety to do it.

A Pattern of Deception and Sabotage

Let’s connect the dots. Back in 2020, I wrote about how the media buried the truth about the pandemic’s origins, spinning narratives to protect China while vilifying anyone who dared question the official story (Plandemic 451). The CCP’s lies cost lives and tanked the global economy, but the media barely blinked. Fast forward to today, and we’ve got Chinese nationals smuggling a toxic fungus that could devastate our crops—wheat, barley, maize, and rice—and poison humans and livestock with toxins like deoxynivalenol and zearalenone. This isn’t just a random crime; it’s a calculated move to destabilize America’s agricultural backbone.

Why now? Because Trump’s back, and he’s doubling down on policies that have China shaking in their boots. His tariffs are winning the trade war (How Trump’s Tariffs Are Winning), forcing companies to rethink their reliance on Chinese manufacturing. I’ve laid out before how China needs the USA far more than we need them (Why China Needs the USA), and Trump’s push to decouple our economies is a death blow to their export-driven model. The CCP knows this, and they’re panicking.

The Media’s Complicity in China’s Game

Here’s where it gets infuriating. The mainstream media, as always, is playing defense for China. Instead of sounding the alarm about this agroterrorism threat, they’re downplaying it or ignoring it altogether. Sound familiar? It’s the same script they ran during the pandemic, J6, and every other time Trump’s been in their crosshairs (Media Bias Exposed). They’ll scream about “Russian interference” all day long but stay silent when Chinese nationals are caught smuggling pathogens into our country. Why? Because the media’s allergic to anything that validates Trump’s warnings about China.

Let’s not forget: the media never cared about the jobs we lost to China’s predatory trade practices (The Great Shift) or the devastation to our industries from deals like Hunter Biden’s CEFC fiasco (Hunter Biden’s CEFC Deals). They’ve consistently turned a blind eye to China’s lies and manipulations (The Great Chinese Barbecue). And now, with Trump as the only president who hasn’t cashed in on D.C. connections (Trump Vilified), they’re still painting him as the bad guy while China literally tries to poison our food supply.

China’s Motive: Stall Trump, Buy Time

This pathogen smuggling isn’t just about crops—it’s about creating chaos. Just like the pandemic disrupted Trump’s first term, a crisis like this could shift focus from his economic victories and trade wins. China’s betting that a major emergency will weaken Trump’s momentum, giving them a shot at a weaker president in 2028 who’ll go easy on them. They’re terrified of Trump’s tariffs and his push to bring manufacturing—like iPhone production—back to the USA, which I’ve shown is entirely feasible with minimal cost increases (Debunking the $10,000 Myth). A crippled U.S. agriculture sector would kneecap our economy, making us more dependent on foreign imports—exactly what China wants.

The DOJ’s complaint reveals the chilling details: Yunqing Jian, a University of Michigan researcher with ties to the Chinese Communist Party, and her boyfriend Zunyong Liu, a Chinese university researcher, planned to use a U.S. lab to study this fungus without permits. Liu smuggled it through Detroit Metropolitan Airport, hidden in a wad of tissues. Jian even got funding from the Chinese government for her pathogen research. This isn’t academic curiosity gone wrong; it’s a deliberate act of sabotage.

Trump’s the Only One Fighting Back

While the media and the establishment clutch their pearls, Trump’s the only one calling China out. His tariffs are already forcing companies to relocate production, creating jobs here instead of in China. His decoupling strategy is the “strategic imperative” I’ve written about (The Strategic Imperative), and it’s working. But China’s not going down without a fight. They’ll try anything—pandemics, pathogens, you name it—to keep their grip on our economy.

We can’t let them. The FBI’s arrest of Jian and Liu is a start, but we need to stay vigilant. Trump’s America First policies are our best defense, but they only work if we see through the media’s lies and China’s tricks. So, let’s keep the pressure on—support the tariffs, bring manufacturing home, and don’t let the CCP’s dirty tactics distract us from the bigger picture. America’s future depends on it.

What do you think? Are you as fed up with the media’s silence on China’s attacks as I am? Drop a comment below and share this article to spread the word. Let’s keep fighting for an America First future!

Trump Vilified, Yet He's the Only President NOT Cashing In on America’s Enemies

By Juan Fermin, NoSocialism.com June 5, 2025  

Donald Trump is the most vilified president in modern history. The media paints him as a greedy, power-hungry tycoon, a threat to democracy who incited J6 and dodged justice through “lawfare” (see my articles “Media Bias Exposed: J6 Rioters Vilified” and “Lawfare Against Trump: Media-Fueled Witch Hunt”). Yet, here’s a fact the mainstream conveniently ignores: Trump is the only president in decades to lose wealth during his term—$1.2 billion, according to Forbes—while prioritizing policies that put America first. Meanwhile, the Clintons, Bushes, Obamas, and Bidens raked in millions, often tied to foreign players like Russia and China, nations that openly work against U.S. interests. Why does the media give them a pass while hammering Trump? Let’s peel back the curtain and expose the double standard.

Trump’s Sacrifice: A Billion-Dollar Hit for America First

When Trump took office in 2017, his net worth was estimated at $3.7 billion by Forbes. By 2020, it plummeted to $2.3–2.5 billion—a loss of $700 million to $1.2 billion. Why? His real estate and hospitality empire took a beating. The COVID-19 pandemic crushed revenues at properties like Trump National Doral, which dropped from $70 million to $44 million annually, and the Trump Hotel in D.C., which fell from $40 million to $15 million. Add to that the post-January 6 backlash, where woke companies and lenders ditched him, and security costs at Mar-a-Lago scared off high-end patrons. Unlike his predecessors, Trump didn’t cash in on speaking fees or book deals during his term. He stuck with his businesses, which bled money while he pushed policies to strengthen America.

Take his trade policies, which I’ve detailed extensively (“How Trump’s Tariffs Are Winning Trade” and “Trump’s Tariffs Are Winning—Don’t Believe the Hype”). Trump slapped tariffs on Chinese steel and aluminum, reviving U.S. industries and protecting jobs, as I explored in “The Rise and Fall of Steel Prices”. He took on China, a nation that needs us more than we need them “Why China Needs USA More Than USA Needs China”, forcing fairer trade deals despite media cries of “isolationism” “Is America Isolating Itself When It Comes to Trade?”. These moves cost Trump personally—his businesses faced global market headwinds—but they put American workers first. Can you name another president who took a billion-dollar hit to prioritize the U.S. economy?

The Establishment’s Profiteering: Clinton, Biden, and Foreign Cash

Now, contrast Trump’s losses with the establishment’s gains. Let’s start with the Clintons. In 2010, while Hillary was Secretary of State, Bill pocketed a cool $500,000 for a two-hour speech in Moscow, paid by Renaissance Capital, a Kremlin-linked bank with uranium interests. That same year, the Clinton Foundation got $2.35 million in undisclosed donations from Frank Giustra, chairman of Uranium One, just as Hillary’s State Department signed off on Russia’s Rosatom acquiring 20% of U.S. uranium production capacity. Coincidence? As I’ve argued before, where there’s smoke, there’s fire. The Clintons’ net worth skyrocketed from $1.3 million pre-presidency to $120–241.5 million post-presidency, fueled by $153 million in speaking fees and fat book deals. Russian money, anyone?

Then there’s Joe Biden. As Vice President, he strong-armed Ukraine into firing Prosecutor General Viktor Shokin by threatening to withhold a $1 billion loan guarantee. Biden bragged about it in a 2018 video, smirking, “Well, son of a bitch, he got fired.” Conveniently, his son Hunter was pulling in $50,000 a month from Burisma, a Ukrainian gas company under scrutiny. Emails show Burisma execs leaning on Hunter for “influence,” and his business partner Devon Archer testified they “called D.C.” when Shokin’s probe loomed. But that’s just the tip of the iceberg. Hunter’s deals with CEFC China Energy, a CCP-linked firm, netted him $4.8 million, including an $80,000 diamond “gift.” Worse, CEFC tried to buy Westinghouse, potentially handing China U.S. nuclear tech—possibly costing Westinghouse billions through stolen designs, as I detail in my latest piece “Hunter Biden’s CEFC Deals: Did They Cost Westinghouse Billions and Shield China from Accountability?”. Sure, the media claims it was all above board, but why was Hunter, with zero energy experience, on Burisma’s board or cozying up to Chinese firms? Compare that to Trump, who avoided foreign cash grabs during his term.

The Obamas and Bushes aren’t saints either. Barack Obama’s net worth jumped from $1.3 million to $70 million post-presidency, thanks to a $65 million book deal and $400,000-a-pop speeches, often for corporate and foreign audiences. George W. Bush doubled his wealth from $20 million to $40 million through similar gigs. Legal? Sure. But profiting off global influence while Trump took a financial hit for America-first policies? That’s a contrast the media won’t touch.

Truth Social: Domestic Gains, Not Foreign Handouts

Trump’s wealth rebounded after his presidency, hitting $6.5 billion by 2024, largely due to Truth Social, a U.S.-based platform launched through Trump Media & Technology Group. Unlike the Clintons’ Kremlin cash or Biden’s family’s Ukrainian and Chinese payouts, Truth Social is a homegrown venture, aligning with Trump’s focus on American interests. No Russian oligarchs or Chinese state firms here—just a platform challenging Big Tech’s censorship. Yet the media still paints Trump as the profiteer, ignoring how his predecessors leveraged their positions for foreign-linked wealth.

Why the Vilification? A Biased Media and Threatened Establishment

So why does Trump get vilified while the Clintons, Bidens, and others skate free? It’s simple: he’s a threat to the establishment. His tariffs disrupted globalist trade policies that enriched elites while hollowing out American manufacturing. His outsider status and brash style make him an easy target for a media that’s been gunning for him since 2016 “The 2020 Election Debate: Trump’s Vilification Continues”. As I’ve shown, the media hypes J6 as an “insurrection” while brushing off Clinton’s Russian ties or Biden’s family mess—Burisma, Chinese cash, and potentially billions in losses for Westinghouse. They amplify “lawfare” against Trump—endless legal battles—while ignoring the Clintons’ $2.35 million in undisclosed donations or Hunter’s Chinese millions. Double standard much?

The establishment tolerates career politicians who play the game: take foreign cash, give speeches, sign book deals, and cozy up to adversaries like Russia and China. Trump didn’t. His trade wars and domestic focus cost him billions, yet he’s the one labeled corrupt. The media’s silence on others’ foreign dealings proves it’s not about ethics—it’s about protecting the swamp.

The Bottom Line

Trump’s presidency was a financial sacrifice, losing $1.2 billion while pushing policies that revived American industries. The Clintons cashed in on Russian uranium deals, the Bidens on Ukrainian and Chinese ventures that may have cost U.S. companies like Westinghouse dearly “Hunter Biden’s CEFC Deals: Did They Cost Westinghouse Billions and Shield China from Accountability?”, and the Obamas and Bushes on global influence peddling. Yet Trump’s the villain? The media’s bias and the establishment’s fear of his America-first agenda explain the relentless vilification. As I’ve argued in my trade and bias pieces, it’s time to question the narrative. Look at the numbers, not the headlines. Trump didn’t profit at America’s expense—he paid a price for putting it first.

Read more at NoSocialism.com for the truth on Trump’s tariffs, media bias, and the 2020 election fight. Share this article to expose the double standard!