Home / News / Brain Kemp Using Georgia Tax Dollars to Fund Middle East War

Brain Kemp Using Georgia Tax Dollars to Fund Middle East War


Stacy Abrams Could Not Be This Bad

There are good things about not hav­ing a Speak­er of the House in DC. For exam­ple, while DC Repub­li­cans and Republican/Uniparty mem­bers strug­gle to elect a speak­er, very for­tu­nate­ly, the US Con­gress is unable to appro­pri­ate funds to kill peo­ple and destroy things in for­eign lands. I call that a win. 

As I wrote in my recent piece, “Israel War With Hamas, Not About Hatred-Win­ners and losers, not who you think,” while the indi­vid­u­als fight­ing on all sides of this Mid­dle East con­flict are the true losers, those who prof­it from prop­er­ty destruc­tion and per­son­al suf­fer­ing and death are the undoubt­ed win­ners. You might remem­ber these graphs depict­ing stock prices for a few US defense con­trac­tors over the last six months, hav­ing dropped pre­cip­i­tous­ly dur­ing that time: 

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Pre­vi­ous­ly, I point­ed to the uptick at the end, the gain in stock prices occur­ring simul­ta­ne­ous­ly to the Hamas attack. 

Well, now let’s look at those graphs again using the infor­ma­tion that has accu­mu­lat­ed since war broke out, but also since con­gress has been unable to arrive at a selec­tion for House Speaker: 

Most recent view of defense indus­try stocks

Notice the recent swoon over the past two weeks. That is because with­out a speak­er, spend­ing leg­is­la­tion can­not advance. While con­gress has no speak­er, the fed­er­al gov­ern­ment can­not spend your mon­ey to break things and hurt peo­ple. Ulti­mate­ly, that means that with­out con­gress feed­ing tax dol­lars to sup­port war, war would even­tu­al­ly have to stop. Imag­ine that! 

We talked about all this in my ear­li­er arti­cle, that the attack by Hamas on Israel occurred the very night of which, ear­li­er in the day, con­gres­sion­al approval for for Ukraine mil­i­tary sup­port fund­ing “col­lapsed.”

Hamas attack came that night

The Hamas attack halt­ed the pre­cip­i­tous stock price decreas­es in vir­tu­al­ly every major Amer­i­can defense stock. As you can see, stocks imme­di­ate­ly rebound­ed, soar­ing upward. They remained soar­ing upward UNTIL it became evi­dent that arriv­ing at a speak­er to pre­side over addi­tion­al defense appro­pri­a­tions and for­eign aid might be more dif­fi­cult than orig­i­nal­ly expect­ed. At that point, defense stocks tilt­ed into a notice­able “speak­er swoon.” And that is where we remain today. Unless the fed­er­al gov­ern­ment can arrange to take dol­lars from your grand­chil­dren, for their grandchildren’s grand­chil­dren to pay back one hun­dred years from now, defense con­trac­tors will not be able to make their share­hold­ers hap­py. And if share­hold­ers are not hap­py, they will part with their shares, result­ing, once again, in anoth­er pre­cip­i­tous fall in stock prices. 

But there is noth­ing we real­ly can do about any of that, is there? Well, prob­a­bly not. Even so, that doesn’t mean the tax­pay­ers of Geor­gia won’t do their part to help gin-up a few extra defense indus­try sales to help out those stock­hold­ers. Take Gov­er­nor Bri­an Kemp, for exam­ple. He’s sit­ting on pile of tax­pay­er cash right now, report­ed­ly around 11 bil­lion dollars…ahem, that’s 11 BILLION DOLLARS, friends. That’s your money. 

Geor­gia Tax­pay­er Mon­ey Hoard­ed by Gov­er­nor Bri­an Kemp

Well, Gov­er­nor Kemp has to be a good stew­ard of all that mon­ey com­ing from “hard-work­ing Geor­gians,” doesn’t he? Sure he does. After all, that 11 bil­lion in cash rep­re­sents $1000 the State of Geor­gia has over-taxed each of those hard-work­ing Geor­gians. That’s why Georgia’s gov­er­nor just invest­ed $10 mil­lion of your mon­ey in Israeli War Bonds. Accord­ing to the Gov­er­nor’s office, “the $10 mil­lion amount was the high­est avail­able on the mar­ket and brings Geor­gia’s cur­rent invest­ment in Israel via bonds to $25 mil­lion.” Of course, we shouldn’t choose to sup­port a war in the Mid­dle East with any­thing less than the MAXIMUM we can donate, should we? And when you’re sit­ting on $11 bil­lion in tax­pay­er cash, what’s a few mil­lion anyway? 

Accord­ing to the Governor, 

“Israel is one of Geor­gia’s strongest allies and great­est friends, and our sup­port for its peo­ple as they endure hor­rif­ic attacks from ter­ror­ists is unwa­ver­ing. Pur­chas­ing these bonds is just the lat­est expres­sion of that sup­port. Though this con­flict was not of Israel’s choos­ing, we know they will be vic­to­ri­ous in this fight against evil and those who seek its destruction.” 

-Geor­gia Gov­er­nor Bri­an Kemp 

I have a ques­tion. Since when did Geor­gia cit­i­zens autho­rize their gov­er­nor to loan mon­ey to for­eign gov­ern­ments to wage war on their per­ceived ene­mies? Is there a law some­where on Geor­gia books allow­ing that to hap­pen? I mean, sure­ly there are some Pales­tin­ian sym­pa­thiz­ers some­where among Geor­gia tax­pay­ers. Are they OK with dol­lars they con­tribute to the gen­er­al fund being used to help rain destruc­tion and death on those with whom they feel kin­ship? I doubt that very much. And where will Israel obtain the mon­ey to pay back those war bonds? But, of course, from Amer­i­can tax­pay­ers’ grandchildren’s grand­chil­dren. Those poor souls, not even hatched yet, are the ones pay­ing for all of this. 

With that loan of cash, Geor­gia tax­pay­ers, com­plete­ly by them­selves, bought 500 “iron dome” mis­siles for Israel. They were pur­chased from the Amer­i­can defense indus­try. The col­lat­er­al for that $25 mil­lion loan from Gov­er­nor Kemp, mean­ing those 500 mis­siles, was destroyed in the first hours of the conflict. 

There is some­thing I do not under­stand here. Why does Geor­gia have a role in this war at all? Admin­is­ter­ing US for­eign pol­i­cy and fund­ing for­eign wars are nowhere found in the Geor­gia Con­sti­tu­tion. Accord­ing to the US Con­sti­tu­tion, that func­tion is restrict­ed sole­ly to the exec­u­tive depart­ment of the fed­er­al gov­ern­ment. And the idea that Israel will pay back those bonds is laugh­able. Israel, with­out Amer­i­can fund­ing, doesn’t even exist. We may not be able to do much about the US Fed­er­al Gov­ern­ment exec­u­tive using his pre­rog­a­tive to sup­port for­eign gov­ern­ments wag­ing war against their cho­sen ene­mies, but the tax­pay­ers of Geor­gia hav­ing their state trea­sury raid­ed for the same pur­pose is in the least an exam­ple of tax­pay­er dou­ble-jeop­ardy, and at most, just anoth­er exam­ple of moral bank­rupt­cy in government. 

There is much no one will ever know con­cern­ing the oper­a­tion of the levers of Geor­gia Gov­ern­ment. I’m sure there are oth­er gov­er­nors who have done things just as bad. But when you con­sid­er all that this gov­er­nor has done, not only against the best inter­ests of Geor­gians, but also against the inter­ests of all Amer­i­can tax­pay­ers and the world in gen­er­al, giv­en a Repub­li­can leg­is­la­ture, I can’t even imag­ine a Gov­er­nor Sta­cy Abrams being this bad. 

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