Budgets: After eight years of silence during President Obama eight years in office, which saw deficits average $910 billion a year and the national debt explode by $9.3 trillion, Democrats are suddenly fretting about deficits. If only their concern were genuine and not a cynical attempt to derail much-needed tax reform. The Republican plan is a "deficit-busting tax cut to benefit the wealthiest Republicans," says Senate Minority Leader Charles Schumer. House Minority Leader Nancy Pelosi warns that it would "take us so deeply into debt … it will necessitate a trillion dollars being cut out of Medicaid." Various other Democrats
No, but Republicans uncontrolled spending and fhe failure to end Obamacare subsidies will. And, if the tax cuts do generate better economic growth, the cost of servicing $20+ trillion in federal debt due to rising interest rates will add more red ink to the federal deficit that will likely approach $1 billion next year,
Taxes are revenue. Deficits are expenditures. If your revenue decreases and you continue your same expenditure, you will have a deficit. If you live within your means, you don´t run deficits. The idea that government needs more revenue is to believe that the government has absolutely no waste. Does anyone honestly believe that?
Both sides continue to play their devious games and spread the same lies that we have been hearing for decades. Government continues to betray us because we have not resisted strongly enough. They have the power to make laws, we have the vote, which is subject to cheating and lies. The whole mess needs to be torn down and rebuilt in a bullet-proof way. We can no longer trust them and their false charade that they are honorable and well-intentioned. Obama didn´t even follow a budget, he just spent money and drained the treasury. Neither Republicans nor Democrats spoke one word of protest. The best way out of a hole is to never get into it.
Agree that no one seemed to complain, particularly Democrats, over the last 10 years of massive deficits, due to not actually following the budget process.
Now, there are ads on FB, and such, stating NotOnePenny, for the rich.
What this means, no tax relief or tax bill, period, since we have a progressive tax system, that everyone pays the same percentage on the same amount of income with the scale increasing as the income increases. So, everyone pays the same 15% on the first say $12,000 of their earned income, then the next level is taxed at X amount, so on and so forth. Thus, the wealthy pay that same initial percentage as someone making $50,000 a year.
And, our deficit will increase regardless of any tax reform.
U.S. Rising: The economy, in case you hadn´t noticed, is surging right now as we enter 2018. It´s not an accident. Nor is it a delayed reaction to Obamanomics, as some misguided pundits would have it. It´s Trumponomics in action, and it works. As so many others, we thought that it might take a while for President Trump´s policies to kick in. After all, there´s usually a lag time between the action (the policy) and the reaction (economic growth). But the fact is, the previous administration´s policies — trillion-dollar "stimulus," ObamaCare, Dodd-Frank, a disastrous regulatory expansion — were so growth-damaging that
Climate Myths: We keep reading about how the extreme weather of 2017 is the "new normal" thanks to global warming — even if the weather in question is frigid air. But the data don´t show any trend in extreme weather events in the U.S. for decades. Science, anyone? The latest to make this "new normal" claim is Munich RE, which issued its annual report on the damage costs from hurricanes, floods, wildfires and the like on Thursday. According to the report, insurers paid out a record $135 billion because of these disasters, and total losses amounted to $330 billion, the second worst
Email Scandal: Each new revelation about how the FBI handled — or, more appropriately, mishandled — the Clinton email scandal makes it that much clearer that politics trumped law enforcement, even when it involved matters of national security. The Hill´s John Solomon reported on Wednesday that congressional investigators have turned up evidence that the FBI believed laws had been broken when then-Secretary of State Hillary Clinton and her top aides exchanged a multitude of classified information via email over Clinton´s unsecured, home-brew server. According to Solomon, an early draft of the FBI´s statement on the matter, written in early May
In a New York Times op-ed on Wednesday titled "The Republicans´ Fake Investigations," the two founders of Fusion GPS desperately try to clear their names, restore their business´ tarnished reputation and revive their sordid Russia collusion tale about Trump to "correct the record." They fail on all counts. In their piece, journalists-turned-political investigators Glenn R. Simpson and Peter Fritsch made some interesting assertions about Trump and his supposed collusion with the Russians. But once again, they give no proof for what they call their "intelligence reports." Someone forgot to tell the investigative duo: Intelligence without proof is merely gossip. And that´s exactly
Journalism: The "newspaper of record" ran a highly unusual story this week. It reported how President Trump´s deregulatory push was encouraging business to spend and invest again. You don´t say. The Times´ story — which carried the web headline, "The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings" — started this way: "A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly. "While business leaders are eager for the tax
Green Revolution: Average Iranians have once again taken to the streets to protest the brutal, incompetent dictatorship of the fundamentalist mullahs that rule the country. We can only hope these demonstrations turn out better than they did in 2009. The so-called "Green Movement," also known as the "Persian Spring," brought people into the streets of Tehran, Qom and other major Iranian cities in the summer of 2009, protesting at first the regime´s fraudulent election and corrupt management of the economy, which had brought inflation, unemployment and shortages to a country that should be one of the world´s wealthiest. The U.S. government
Despite all the predictions of doom and gloom made at the beginning of 2017, the country managed to survive and thrive under President Trump. In what everyone else is describing as a year of turmoil, fear and divisiveness, we saw a booming stock market, a strengthening economy, a sharp increase in optimism, strong job growth, major tax cuts, deregulation (as well as the prevention of massive new regulations taking effect), and the destruction of ISIS. None of these would likely have transpired if Hillary Clinton had been president, and if the press weren´t so fiercely opposed to Trump the public might
Health Care: For the second year in a row, the average life expectancy for Americans declined, and the sharp increase in opioid overdose in recent years is largely to blame. But what fueled the opioid crisis? The latest report on death rates from the National Center for Health Statistics shows that life expectancy at birth dropped to 78.6 years, a decline of 0.3 years over the past two years. That is virtually unprecedented in modern times. But there´s more. Life expectancy is almost exactly where it was in 2009, which means that the country has made almost no progress in seven years.
Pensions: The stock market boom has helped everyone, right? Nope. States´ pension funds have nearly $4 trillion of stock investments, but somehow haven´t benefited from soaring stock prices. A new report by the American Legislative Exchange Council (ALEC) shows why this is true. It notes that the unfunded liabilities of state and local pension plans jumped $433 billion in the last year to more than $6 trillion. Let that number sink in for a moment: It´s one-third the size of the U.S. economy, equal to "a whopping $18,676 for every man, woman, and child, or nearly $50,000 for every household in America,"
Taxes: Tax reform was passed with the promise that it soon would start to work wonders to kick economic growth into high gear and boost workers´ pay. Don´t look now, but it´s already working. Gee, that was fast. Just one day after the tax bill was finally passed, companies were already scrambling to do things with their money. It´s an impressive list and, no doubt, not comprehensive: AT&T´s CEO said the company will hand out bonuses of $1,000 to more than 200,000 of its workers in the U.S., thanks to tax reform. Comcast NBCUniversal, not to be outdone, also handed out a special
Taxes: As tax cuts become a reality, Democrats have gone ballistic, claiming that the GOP´s sweeping tax plan will rob the middle class and the poor, line the pockets of the rich, and tank the economy. It´s all false, class-warfare clap-trap, and they know it. Following passage of the Republican tax reform, Democrat politicians and leftist media celebrities have become nearly unhinged, and that may be an understatement. House Minority Leader Nancy Pelosi called the tax cuts a "scam" and "simply theft, monumental, brazen theft from the American middle class and from every person who aspires to reach it." She added that
Infrastructure: The Amtrak train derailment near Tacoma, Wash., was on a stretch of just-completed track that was the direct result of President Obama´s lofty vision for high-speed rail and his so-called stimulus plan. In accounts of Monday´s crash, which killed three and injured many others, news reports noted that the derailment involved a "high-speed Amtrak train" on its first run on a new stretch of track that bypassed an existing rail line. The train was reportedly going 80 mph when it hit a curve engineered for speeds of only 30 mph. If neither speed sounds particularly "high speed," join the club. Yet
Monica Lewinsky, who was widely vilified and ridiculed when details of her infamous affair with former president Bill Clinton surfaced in 1998, revealed that not one political player who mocked her at the time has ever apologized. ´Public shaming as a blood sport has to stop,´ Lewinsky said during her first ever public ticketed talk at the Park City Institute in Utah. When Lewinsky was 24 years old she became internationally famous overnight as the most private details spread on the internet. ´Overnight I went from being a completely private person to being completely publicly humiliated,´ Lewinsky told an audience of about
Left-wing billionaire Tom Steyer, who is leading a campaign for President Donald Trump’s impeachment, plans to hand-deliver 535 copies of Michael Wolff’s new book, Fire and Fury: Inside the Trump White House, to every voting member of Congress. Steyer told San Francisco Bay Area public radio station KQED: ““We believed when we started this impeachment petition on Oct. 20, we felt every subsequent day would bring information that would bolster our argument that this was a dangerous, unfit president who needed to be removed from office, and from what I can tell, this book makes that case in very bold
CNN host Jake Tapper clashed with senior policy adviser Stephen Miller over claims in "Fire & Fury: Inside The Trump White House," Michael Wolff´s explosive new tell-all about President Donald Trump´s campaign, presidential transition, and administration.In an interview on "State of the Union" on Sunday, Tapper pressed Miller to respond to some of the most high-profile claims, including Bannon´s assertion that a 2016 meeting between the Trump campaign and a Kremlin-linked lawyer was "unpatriotic" and "treasonous."Miller dismissed both Bannon and Wolff´s credibility, saying the author was a "garbage author of a garbage book," and that claims in the book were
On Friday, House Minority Leader Rep. Nancy Pelosi (D-Calif.) listed some of the things she’d do with the money President Donald Trump wants to protect America from the threats posed by illegal immigration. On her Twitter page, Pelosi introduced her series of posts by claiming the border wall funding “could do so much more” – if it wasn’t used to secure the border: “President Donald Trump @realDonaldTrump, that border wall funding you are asking for (again) could do so much more good in other places….” Pelosi followed with eight separate Tweets, each touting something she’d spend the border wall funds
LONDON - The author of a book that is highly critical of Donald Trump’s first year as U.S. president said his revelations were likely to bring an end to Trump’s time in the White House. Michael Wolff told BBC radio that his conclusion in “Fire and Fury: Inside the Trump White House”-- that Trump is not fit to do the job -- was becoming a widespread view. “I think one of the interesting effects of the book so far is a very clear emperor-has-no-clothes effect,” Wolff said in an interview broadcast on Saturday. “The story that I have told seems to present
In July, MSNBC host and former Rep. Joe Scarborough showily announced on Stephen Colbert´s CBS show that he was leaving the Republican Party. No one on the Republican National Committee flew a flag at half-mast. The announcement was at least a decade behind the reality. In 2006, he basically called then-President Bush an idiot. Last week, he did the same to President Trump. There is consistency here from the man who craves attention.Scarborough is the MSNBC equivalent of David Gergen, someone always twiddling his spit-covered finger in the wind and switching his allegiances depending on which option benefits him the
First, a few thoughts on the DOJ´s reported interest in taking another look at Hillary Clinton´s protocol-violating and national security-compromising email server, a scandal about which she lied repeatedly: (1) I´d be a bit surprised if DOJ ends up pursuing charges, as that ship likely sailed when James Comey (wrongly, in my view) chose not to recommend prosecution in July 2016. (2) I´m somewhat uncomfortable seeing the supposedly-independent Justice Department clearly bowing to incessant political pressure from the president on this subject. It´s true that President Obama telegraphed his preferred outcome
President Trump on Saturday launched a remarkable defense of his mental fitness for office, calling himself a “very stable genius” and “like, really smart.” Trump made the defense in a series of tweets that appeared to push back on questions raised by a new book that painted a chaotic and dysfunctional picture of his campaign and early months of his presidency. “Actually, throughout my life, my two greatest assets have been mental stability and being, like, really smart,” Trump tweeted. The president said doubts about his mental capacity have been frequently raised by his critics, but he proved them wrong
Mitt Romney changed his Twitter profile location from “Massachusetts” to “Holladay, UT” as soon as Sen. Orrin Hatch (R-UT) announced his retirement on Tuesday. It is clear that Romney intends to run for the open seat, and pundits agree that he is likely to win. But in all the speculation about whether Romney would run in Utah, no one has asked whether he should, or what broader purpose his victory there would serve, beyond his own ambitions.
Now that Steve Bannon has carried his political jihad to its logical conclusion, martyrdom never looked so meaningless. A bright and talented man has sacrificed himself over nothing more significant than anger and vanity. Consider a recent report that Bannon was mulling the idea of running for president in 2020. Presumably that was part of his plan to elect a batch of Roy Moores, depose Majority Leader Mitch McConnell and reshape congress to match his own definition of economic nationalism. As such, Bannon’s decision to go out in a blaze of personal attacks on the president and everybody else in the White
Google changed corporate America and Silicon Valley with company perks, like free bikes for employees to get across sprawling office parks. But the community of Mountain View, California — where Google is headquartered — has caught on, forcing Google to rethink just how "free" its bikes really are, The Wall Street Journal reports. The company estimates that between 100 and 250 of it´s 1,100 multi-colored "Gbikes" disappear on a weekly basis, and it´s started to take actions to reduce those numbers. Among the solutions, the company hired a team of 30 contractors and five designated vans whose only job is
Whether it is merely the FBI trying to restore its shattered credibility or justice finally being done, the news that the pay-to-play activities of the Clinton Foundation are going to get renewed and serious attention is welcome. The Clintons have made a career of ignoring, skirting, and breaking the law. Up to this point, crime has paid off handsomely for the Clintons, but now they may find themselves caught between Little Rock and a hard place: The Justice Department has launched a new inquiry into whether the Clinton Foundation engaged in any pay-to-play politics or other illegal activities while Hillary Clinton served