Hunter Biden’s Firm Took $10M in Forgiven COVID Loans, Donated $1M Back to Dems

‘This Is How We Wash Our Money’


This is taxpayer money, your hard-earned money used to destroy, your family, your country. It’s all so dirty and systemic – and the GOP is silent. There is only the uni-party. We need a second party.

‘This is how we wash our money’: Hunter Biden’s fmr. firm took $10M in forgiven COVID loans, donated $1M back to the Dems

By: Melissa Fine |Biz Pac Review | December 3, 2022 |

Scratch at pretty much anything Hunter Biden has touched, and it seems you’ll likely find a scandal.

No one knows this better than the New York Post’s Miranda Devine, who broke the now notorious “laptop from hell” story for her outlet years ago, and now she’s revealed that the first son’s former employer, law firm Boies Schiller Flexner, took a whopping $10.14 million loan — the largest single loan among 300 of the top law firms investigated by Open the Books, a nonprofit dedicated to transparency — from the Paycheck Protection Program.

And while one hand of the law firm was securing that, the other was donating nearly $1 million to Democratic candidates, according to an independent investigation.

“Boies partners and employees donated nearly $1 million in federal campaign cash during the 2020 and 2022 election cycles, including $213,966 to Biden’s presidential campaign,” Devine writes.

What’s more, the multi-million-dollar loan was forgiven in 2021.

Meanwhile, Devine reports, “the firm — headed by longtime Joe Biden donor David Boies — billed $480 million to clients in 2020 and 2021, and equity partners each earned $4.5 million.”

Biden joined the Boies firm in 2010 and received an annual salary of $216,000. Devine characterizes the “of counsel” position as “a ‘no-show’ job that did not require him to keep regular office hours or attend meetings.”

There’s no word on whether Hunter kicked half of his Boies salary back to his “Big Guy” dad.

As BizPac Review reported in 2020, before the validity of the famed laptop had been confirmed, former New York Mayor Rudy Giuliani sounded the salary alarms, presenting a then-unverified text message from Hunter to his daughter to the Daily Caller that read, “All during the time that I’ve been disrespected, I’ve been the one who has supported this family for 30 years, and unlike pop I’m not going to require you to give half of your salary to me.”

America’s Mayor was promptly smeared as a disinformation agent for reporting what we now know is the truth.

Read more.

AUTHOR

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EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Defend The Border—Stop The Invasion—Save Lives

Defend The Border Save Lives.


President Biden’s Open Border policies are a manufactured national security risk allowing illegal aliens to flood our country and be given amnesty at a later date.

WATCH: Defend The Border – TV Premier Trailer

These illegal alien amnesty recipients will most likely become Democrat voters assuring power for the Dems at the expense of national security and bastardizing the rule of law.

Join us, we are engaged in this battle for secure borders with Tom Homan, Former ICE Acting Director, and we need your help.

THE PROBLEM

Due to the Biden Administration’s planned and unplanned efforts to radically transform America, our southern border is in the midst of a devastating crisis that includes illegal entry, human trafficking, drug trafficking, child exploitation, extortion, sex & rape crimes and an all-around breakdown of the rule of law.

THE SOLUTION

The solution requires action on two levels, one political, the other cultural. Politicians must be elected who understand the necessity to humanely maintain border security and sovereignty and Americans must understand the same essential elements, thereby teaching others and voting intelligently in 2022 & 2024.

Knowledge is power. We are now engaged in the greatest information war in this planet’s history, and Americans are losing. Ronald Reagan said that a nation that cannot control its borders isn’t really a country.

He was right.

National security begins on the border, but through their propaganda and complete domination of the MSM, the globalist Left has effectively redefined the border as a mess of children in cages that showcases American racism.

For decades, the globalist media jihad has successfully blinded Americans to the truth. For the first time in US history, an incoming administration has intentionally weakened the security of the nation within hours of assuming power.

Since the Biden administration took power on January 20, 2021, millions of illegal immigrants have been sent into the nation’s interior.

The reality of America’s open border is that it is killing Americans.

Tom Homan has spent three and a half decades protecting the US Border. He has worked for six presidents. President Obama awarded him the Distinguished Presidential Rank Award and President Trump personally requested that Tom delay his retirement to serve as the Director of ICE. In 2018, the president awarded him the Distinguished Service Medal.

In 2013, the heart of this warrior was forever changed when he investigated the deaths of 19 illegal aliens. These people had been abandoned by their cartel smuggler to suffocate in tortuous heat, locked in the back of a semi-trailer. As Tom knelt to pray for a five-year-old victim, the boy’s face etched indelibly into his mind. Tom had a son the same age. The dead father of this boy still lay partially covering his son. The father had died trying to comfort and protect his dying son. The humanity of that moment and the continuing horror stories created by our open border drives Tom continuously to defend the border. It is an irrevocable truth that people are dying and our country is in peril.  If we defend the border, we will save lives.

Knowledge is power and for too long this knowledge has been kept away from the American people. Their power to win this war has been neutered. Without the truth, they cannot comprehend the threat to our nation.

Tom Homan’s project to Defend the Border and Save Lives will be a two-year pro information mission to destroy the enemy’s propaganda.  This isn’t just entertainment, it is a weapon for the American people. This project won’t just influence the 2022 and 2024 elections, it will be the tip of the spear in taking down the Globalist Left’s crusade against America. The Defend the Border and Save Lives television episodes, feature docudrama film and viral videos will awaken the Sleeping Giant that is the will of the American people.

Knowledge is power. It is now time for us to claim our power and win this war. It is time to Defend the Border and Save Lives. 

To learn more please visit DefendTheBorders.org.

©DefendTheBorders.org. All rights reserved.

RELATED ARTICLE: Biden and the WHO secretly pursue global repression

Traffickers Exploiting Illegal Child Labor with Social Security Fraud

*CLICK HERE TO TWEET THE VIDEO*


Project Veritas released a new video today which shows several migrants detailing their experiences upon arriving in the United States.

These individuals said they were removed from school, put through forced labor, and even provided with fake social security cards — all of this to pay off debts to cartels.

Here is some of what is said in today’s video:

  • Frander, Male Migrant: “I cannot work legally here…It’s a small piece of paper that you get to be able to apply for jobs. A social security [card]. You just call the person, and he comes to your home and brings it.”
  • Frander says he was forced to pay “$150” to obtain a fake social security card.
  • Underage Female Migrant: “When I got here [to the United States], I began studying, and then working. I went to school for six months. From a year ago, I began working…I go in [to work] at 4PM and get out at 2AM.”
  • Underage Male Migrant: You go to work “wherever they take you.”
  • Tara Lee Rodas, Council of the Inspectors General on Integrity & Efficiency: “I think most people believe, and I originally thought, that sponsors were families because HHS says, ‘We’re reuniting children with their families.’ In fact, that’s not the case.”
  • Rodas: “This is a terrible thing, and then you look at some of these children who are teenagers, who’ve never been to school, can’t read, can’t write. It’s a very wicked thing to take advantage of these children.”

You can watch the video HERE.

Project Veritas still has not heard back from HHS or any other federal government agencies. Will they respond or ignore this story?

Anyone who has more information on this very serious issue please contact VeritasTips@protonmail.com as soon as possible.

*CLICK HERE TO TWEET THE VIDEO*

EDITORS NOTE: This Project Veritas video exposé is republished with permission. ©All rights reserved.

Americans Are Losing Trust in the U.S. Military

Agree with the below Wall Street Journal article. The leaders of today’s military at the General Officer/Admiral level are completely WOKE and politically oriented to the socialist left.  It these so called senior military leaders truly honored their Oath of Office they would retire rather than serve the lawless, reckless, globalist, Obama 3/Biden Administration.

The recent Afghanistan fiasco and the current debacle in Ukraine are just the tip of the iceberg.  Our military in the trenches can’t be blamed but their so called leaders including the civilians in the Dept of Defense to whom they are subordinate can be blamed.  The results of their leadership, failures and mismanagement are devastating to our military combat readiness, ability to deploy, morale, international prestige and respect for our military   Communist China, our most dangerous foreign enemy is laughing at us but the real enemy of our military is the Obama 3/Beijing Biden administration.

The DOD, which has never been audited and wastes billions of our taxpayer dollars is about to ask for approval of $850 Trillion appropriations up from $700 Trillion under Trump.  We need to influence Republicans in Congress to oppose this huge increase in spending particularly because of the current fraud, waste and abuse of spending by the DOD combined with the impact of this rampant govt spending on rising inflation, recession and our economy.  Printing money to fill the gap in deficit spending only makes the situation worse including an ever increasing national debt and percent of our national debt which exceeds our GDP.

Americans Are Losing Trust in the Military

The rise of woke politics has undermined public confidence in the brass.

The current era is marked by fading trust in U.S. institutions, but confidence in one pillar has held up: the military. But now even that is eroding, and the question is whether the brass will get the message.

The Reagan Institute releases an annual survey of public attitudes on national defense, and this year only 48% reported having “a great deal of confidence” in the U.S. military in results first detailed here. That’s down from 70% in 2018, and within the margin error of last year’s 45%.

This is consistent with other surveys. Pew Research this year noted a 14-point drop since 2020 in Americans who said they had a great deal of confidence in the military to act in the public’s interest.

The Reagan poll asked Americans what is driving the decline. It isn’t the ability to carry out missions or win in a fight. It is “things going on outside the core competencies of the military,” says Reagan’s Roger Zakheim. “Call it politicization, call it wokeness,” but that’s where some 62% said “military leadership becoming overly politicized” reduced their confidence some or a great deal. That includes trust in civilians who give the orders. Americans offered some of the worst ratings for decisions made by Presidents, and the U.S. retreat from Afghanistan comes to mind.

Read more.

The Biden/Obama 3 Administration and their WOKE DOD Secretaries and Staff and Generals/Admirals are having trouble recruiting and retaining today’s military personnel.

Following are reasons why our military moral and combat readiness is at an all time low.

  • Exemptions from Deployment for up to a year for pregnant females and even military spouses once baby born.
  • Field Lactation Stations for pregnant females who can’t be deployed.
  • Opening Every military position including close combat to women.
  • Time Out Cards during basic training for those feeling the stress.
  • Mandatory instruction on Critical Race Theory.
  • Changing Chaplain’s Corps to entirely non-denominational collapsing this corps.
  • Terrible Rules of Engagement (ROI) for those who were in combat in Iraq, Afghanistan and elsewhere resulting in unnecessary deaths and maiming.
  • Afghanistan pull out travesty resulting in 13 deaths; $92 B in new military equipment and $200M in cash falling into hands of he world-wide Jihadist movement.
  • Allowing mentally unstable transgenders to serve and paying for their sex change operations.
  • Facilitating Nation Building missions rather than Combat Readiness.
  • Islamification of our military.
  • Promoting traitors like Alexander Vindman who illegally leaked information from the National Security Council.
  • Allowing Iraq enemies to capture our fully armed gun boats and run rings around a fleet of our combat ships.
  • Training emphasizing Diversity, Inclusion and Equity rather than combat operations that leads to such disasters as 2 modern destroyers colliding with merchant ships on the high seas and resulting in unnecessary deaths of dozens of sailors.
  • Promoting a policy allowing military to refuse assignments based on perception they will be
    discriminated against because of LGBTQIE+ or other tendencies.
  • Renaming every military post named after Confederate Generals (despite fact that Congress enacted a law stating that those who fought on side of south are considered U.S. veterans). Following the Civil and World War I our people’s representatives made a conscious decision to name many of our military installations after CSA generals in an effort to amicably re-unite our nation.  At the time, our national wounds were still fresh and this effort was made to honor the bravery of the CSA military. The signs at the gates are set with steel posts in order to be permanent. The name of the installation is not fastened with Velcro and should not be changed just because a bunch of people who have no understanding of history, decided to throw a hissy fit.
  • Following guidance that Climate Change is the #1 threat to national security.
  • Relieving Commanders for displaying values which clash with LGBTQIE+ values.
  • Going soft on traitors like Bergdahl whose desertion in combat resulted in deaths of 6 US soldiers looking for him (Note: The current Chair JCS Milley, then a LTG, was directly responsible for leniency shown Bergdahl.)
  • Changing physical fitness standards to gender neutral thus reducing any kind of reasonable standards.
  • Reducing the standards and requirements for graduation from tough combat courses such as Rangers, Force Recon, Special Forces, Crucible, SEALs, etc. so that women could pass and be “qualified”.
  • USMC using rainbow colored patches and bullets in celebration of “Pride Month”.
  • Suppressing information on sexual harassment in military where the leading suspects are not
    heterosexual males but rather homosexual males.
  • Ridding the service of “toxic masculinity” and replacing many former warriors with pajama or Pillsbury dough boys.
  • Cancelling the culture of the former military that most of us were proud to serve and replacing the warrior spirit ethic/ethos feared by our enemies with something we are hard pressed to identify with that is no longer feared by our enemies.
  • Armed Services Committee complained to the Army that too many women are not passing the Physical Training Test. They have told the Army to change the PT Test for women to measure the things women can master. Yep, that will make them combat ready.

Recruiting and retention stats are at an all time low.

Here’s more reasons why.

1. The constant headlines about sexual assault and sexual harassment looms large in the eyes of parents and potential recruits.  People fear being at the mercy of sexual predators.
2.  The discussions about transgender individuals in the dorms and locker rooms.
3.  Some women believe they will be pushed into the combat arms.
4.  Unisex uniforms.
5.   There are some things about openly serving homosexuals that the current generation will tolerate but not embrace.
6.  Trust has eroded and must be earned back.
7.  Wesley Manning and Bo Bergdahl get more media coverage than the highly decorated heroes.
8.  There is no perceived challenge for the Alpha Males in mixed sex recruit training.  The average 18-year old males does not take well to a screeching Harpies Army drill sergeant.  Indirect Physical intimidation by leading by example simply will not work when the Drill Sergeant can not even pass your PFT.  ( a linebacker team captain leads differently from a QB team captain.  At the entry level the Tennis team captain cannot lead the linebackers.)
9.The full scale entry of the Flag ranks (mostly retired) into the political fray has been an out and out disaster on every level.  The perception is that they are partisan political, grossly self serving, corrupt and incompetent all at once.
10.  Being accused, almost daily, that you are racist, privileged, homophobic, sexist and that your values are toxic does not help recruit.

I have been recommending that the state of the military is terrible and that I would not want anyone to join the military for any reason. Today, we have immoral leaders at the highest levels. No sense in becoming cannon fodder, or worse yet, having to give up all morality to become Successful.

I’m sure you can think of other ridiculous military polices in place under Biden, Austin, Milley, etc.

which have grossly undermined morale and the ability to fight and win in combat.

I know we still have brave, strong soldiers in the trenches today, serving honorably but for how much longer under these circumstances?

©Royal A. Brown III. All rights reserved.

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The Rise of Wokeness in the U.S. Military — Let me give some examples of what I mean by wokeness.

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Congress-created ‘health’ group pushes gender-switching ‘trauma care’ for kids

The state has no place in the raising of children, except in cases of child abuse when a child might become a ward of the state. But the American government has found its way into your home to assist you in raising your child.

The National Child Traumatic Stress Network (NCTSN) came out in support of attempts to switch children’s genders in a statement titled “Gender-Affirming Care is Trauma-Informed Care.” The organization “was created by Congress in 2000 as part of the Children’s Health Act to raise the standard of care and increase access to services for children and families who experience or witness traumatic events.

Less than two months ago, U.S. President Joe Biden claimed that American states had “no right to restrict treatments like hormone blockers or sex change operations for transgender children.” He called any denial of such treatments “outrageous” and “immoral.” Texas Governor Greg Abbott, on the other hand, signed an order that designated giving children hormone therapy to be child abuse. Biden takes it for granted that a child is capable of determining his or her gender identity, a decision that will affect a child throughout his or her entire life. Such a presumption also strips parents of their rights to raise their children. There is a reason why children need adult care and supervision.

If you are of a Judeo-Christian background and adheres to the Genesis verse about “male and female He created them,” your religious rights are also being encroached upon. It is wrong for the state to meddle in the business of families by using the publicly-funded public school system to teach underage children that they can “choose” their gender. Youngsters are ill-equipped to make sound choices for their longterm best interests, even under the best of circumstances.

Since the NCTSN asserts that “gender affirming care is trauma-informed care,” the message is that if parents oppose “gender-affirming” care, the state can deem them to be subjecting their child to “trauma.” Under this model of “healthcare,” there is no consideration of the power of peer pressure among youth, nor of the natural emotional instability of youth as they transition into adulthood. Congress is tightening its grip upon families, trampling the rights of parents, and rejecting a child’s natural need for sound direction and stability. Given the religion of wokeism, an entire generation is at risk.

Children are being used in a dangerous experiment as pharmaceutical companies sell puberty blockers and psychoactive drugs, and trans clinics sprout up everywhere. In Canada, if all doesn’t go as planned,  when you’re 18 or older, you can qualify for help to kill yourself. An egregious Canadian law has been “sanitized” as a “service” called MAID (Medical Assistance In Dying); the law no longer requires “a person’s natural death to be reasonably foreseeable.” Among criteria to qualify for MAID: the patient must “have enduring and intolerable physical or psychological suffering that cannot be alleviated under conditions the person considers acceptable.” Proponents of the spreading euthanasia death cult put a pretty face on death, convincing victims that they are doing it to help them. A recent ad campaign showed “loved ones waving bubble wands next to the ocean, having picnics in the forest with friends and watching a puppet show.” Although the U.S. is not there yet, doctor-assisted suicide is still legal with conditions in ten US states and the District of Columbia, and given woke trends, it likely will not be long before America catches up to Canada. Now there is debate in Canada about offering MAID to underage kids, even babies if they are suffering from a “defect.” The message: just put them (and their parents) out of their misery.

It’s no secret that there is more psychological pain in the transgender community. These kids need rescuing from the woke system.

Data indicate that 82% of transgender individuals have considered killing themselves and 40% have attempted suicide, with suicidality highest among transgender youth.

What society and mainline churches (which are far too quiet on the issue) did not realize early enough is that there is no limit whatsoever to woke madness, or to the lust for money and power at any expense, including the sacrifice of a nation’s children. The proponents of this madness have no respect for the intrinsic value of human life.

Watch this powerful video from a detransitioner:

Given the natural turbulence of youth, brought on by hormones and an innate process of natural separation from parents as they embark on adulthood, it is dangerous to allow transgender indoctrination in schools. The NCTSN document instructs:

Believe and validate youth when they share their gender identities with you by always using and validating the names, pronouns, and identities that youth share with you, even if those change while they are exploring their identities. Many children are aware of their own gender identity as early as 3-5 years old.

Vulnerable kids are in the grip of a range of “experts,” many of whom (including Dr. Rachel Levine) are deeply troubled themselves and are too quick to attribute the cause of a youngster’s difficulties to gender dysphoria. Kids are being taught that their gender is fluid, and they can be whatever gender they want to be, including more than one (“they”). This is a recipe for emotional and physical trauma, both short term and long term. Children who are susceptible to this indoctrination find other kids who are likewise susceptible, and they encourage one another. These children are indoctrinated and backed by the powerful trans lobby and the state. What better way to make a child feel empowered? But it’s only temporary. The manipulative adults behind all this gloss over the fact that youngsters are ruled by short-term emotions. Indoctrinated trans kids are inevitably cut off from communication with nature’s support system: their parents who love them and are invested in them. Parents are deemed to be abusive adversaries of their own children if they attempt to intervene. These kids are little match for adult, seasoned woke propagandists in the media and the state apparatus.

AUTHOR

EDITORS NOTE: This Jihad Watch column is republished with permission. ©All rights reserved.

Climate Reparations? When nature strikes—you pay! Climate ‘loss and damage’ hits the UN

The Democrats Go By Klaus Schwab’s Playbook


Are you ready to pay climate reparations totaling more than all the money in the world for disasters nature caused?

For years CFACT has warned of plans to add “loss and damage” to the UN climate regime, making wealthy nations liable to compensate developing countries when extreme weather strikes.

This week 130 nations placed a draft loss and damage funding plan formally on the agenda for the first time at a UN climate conference.  Will the Biden Administration give in to this?  Who else?

Read the official UN COP 27 loss and damage proposal for yourself at CFACT.org.

China is masterfully outplaying Biden and the rest of the free world by both pushing loss and damage forward and exempting itself from paying.  This advances China’s strategy to supplant U.S. influence in the developing world.

This is incredibly dangerous, not to mention ruinously expensive.

David Wojick underlines the danger perfectly at CFACT.org with his coverage of a report the new left-wing government of Colombia submitted to COP 27 estimating its climate “loss and damage” at a mind-blowing $800 billion per year.

That’s just for one small South American country!

Wojick explains that:

Colombia is a relatively small country with a GDP of around $300 billion a year, about the 40th largest in the world and just 0.4% of the global total. Its “loss and damage” claim is roughly 2.5 times its GDP, so let’s assume that ratio globally.

World GDP is about $81 trillion, which multiplied by 2.5 equals just over $200 trillion a year…

Before the “loss and damage” talks proceed we should ask “What kind of money are we talking about?” Because there is no point in talking about paying the developing countries hundreds of trillions of dollars. It cannot happen.

The UN draft demands a loss and damage funding mechanism be in place and operating within two years, before the start of COP 29 in 2024.

The COP 27 draft calls for loss and damage reparations funds that are:

a) Urgent and immediate
b) New, additional, predictable and adequate so as to assist developing countries in meeting the costs of addressing loss and damage;
c) Additional to adaptation and mitigation funding;
d) Additional;
e) Predictable;
f) Public in origin;
g) Multilateral in origin;
h) Taking a whole-of-institution/organization approach;
i) Timely and through a simple and fast process, without the need for lengthy bureaucratic procedures;
j) Disbursed quickly;

What “loss and damage” scheme will Biden and the West agree to at the UN climate summit in Egypt?

You are not responsible for the weather in Colombia or anywhere else.  America has always been prepared to generously aid a neighbor in distress and should continue to do so.  That is entirely different than accepting legal liability.

Any loss and damage “compromise” in Egypt represents the thin end of a perilous wedge.

America must declare an unequivocal “no” to climate reparations at the COP 27 climate talks.

Anything is too much.

AUTHOR

Craig Rucker

Craig Rucker is a co-founder of CFACT and currently serves as its president.

RELATED VIDEO: Remember When it Used to be ‘Global Warming’?

EDITORS NOTE: This CFACT column is republished with permission. ©All rights reserved.

The Crossroads of Collectivism: Trump Tax Plan, Laffer Curve and Reagan & Thatcher Prosperity in the US & UK

Collectivist States seek Total State Power by Force, Political Action & Economic Means. Once a State controls the Means of Production & Distribution it quickly controls the Wealth of the People. Under Compulsion, Liberty evaporates & horrid enormities occur as the State purges Citizens refusing surrender. These ill effects are the same regardless of which sector in the political spectrum Collectivism arises from.

The United States has reached a Tipping Point beyond which the Aggregation of Total State Power into the hands of a Cabal of Rulers of vetted Legislators & private Central Bankers will be fully consummated – unless a political course change for the Ship of State is made in the present election cycle.

With the reasonable premise we do not need to be taxed more – here are some thoughts about taxation policy & economic circumstances underlying the present, or any, political circumstance.

To start, it is always far more serious if taxes are too high for effective compliance – than if an increment of revenue is lost by tax reduction. Lowering tax rates actually increases revenue – as careful consideration of the following information shall illuminate.

Consider President Ronald Reagan’s experience.

Reagan made tax cuts with a cooperative Legislative Branch. Presidential Candidate Donald Trump can do the same – should Republicans hold control in the House & Senate in the general election of November, 2016.

Taxation advisor Arthur Laffer was a member of Reagan’s Economic Policy Advisory Board from (1981-1989).

Laffer also advised Prime Minister Margaret Thatcher on fiscal policy in the UK during this period.

As you may be aware, simply stated, Laffer’s taxation premise is:

If taxes are low, compliance is high & if taxes are high, compliance is low.

Dubbed the Laffer Curve (LC), it is a quantification of human nature known for centuries.

The chart below expresses the LC axially.

The Laffer Curve

It also happens to demonstrate the realization European monarchs arrived at several centuries ago, assisted by the Rothschild family banking franchises. When you tax people around 50% of their earnings, they begin to lose incentive to participate. For a monarch this could mean losing everything – including one’s head in a revolt.

Enter the concept of Fiat Currency – printing money to bridge the gap between a monarch’s cultural limitation in tax receipts & the additional cost of Imperial Designs. This is the camel whose nose is presently under the US fiscal tent.

A Monarch (or Government) has only to print more currency to reach further into the purses of Subjects (or Citizens) because each unit of currency in their pockets is devalued by the addition of newly created units arriving in circulation, printed out of thin air, in the act of Monarchical (or Legislative) Fiat.

After all, a nation’s currency in its entirety, reflects the sum total of a nation’s Debt – which can be divided into an infinite number of parts or units.

This is the same Central Banking trick known today as ‘Inflation’ – so named because prices of goods & services become necessarily inflated to reflect the intentional devaluation of each unit of the currency.

In this way, Legislators escape culpability for grossly over-spending the People’s Treasure – inflating away its value in an unending game of self-interested appropriation – under cover of Central Bank ‘monetary policy’, over which politicians purposefully have no statutory control.

In return for this political cover, Central Banks accrue interest on Debt Notes they issue from thin air – paid by a government with the power to coerce its people through taxation enforcement up to & including penalty of imprisonment or corruption of blood.

Thus Inflation is onerous, unseen, unbridled & unlegislated Taxation.

By the way, the Monarch (or Government) does not suffer the effect of Inflation, because as much fiat currency as necessary can be printed without limitation – to pay for the original purchase supporting imperial (or state) designs.

The totality of this scheme is quite divisive in governments of popular form.

A few examples illustrate the point.

If government employees receive ‘inflation-adjusted’ compensation, they have a compelling personal stake in perpetrating the unlegislated tax of inflation upon their fellow citizens. This self-interest becomes manifest in several unhealthy expressions for a Republic.

For example, citizens who take government pensions or benefits become wholly compromised in any consideration of the merits of government monetary or other policy & should honorably absent themselves from political advocacy – unless willing to demonstrate complete renunciation of those benefits.

Similarly, the until recently, unheard of practice of active duty US Military Officers engaging in political advocacy – previously forbidden by Service traditions & the Uniform Code of Military Justice (UCMJ) – is now commonplace.

Witness recent Obama campaign signs in the front yards of active duty Military Officers in Washington, DC area communities. Something compelled these officers to do this. This is dangerous precedent for the preservation of Liberty, under a latent threat of military coercion in US politics.

Thus governments become entrenched in folly & inequity that ultimately leads to their dissolution in revolution.

To conclude the point on taxation policy, the following from the Laffer Center’s website is succinct:

“Importantly, the Laffer Curve does not say whether a tax cut will raise or lower revenues, nor does it predict that any and all tax rate reductions would necessarily bring in more total revenues. Instead it says that tax rate reductions will always result in a smaller loss in revenues than one would have expected when relying only on the static estimates of the previous tax base. This also means the higher the starting tax rate, the more dramatic the supply-side stimulus will be from cutting the tax rate. It is possible this economic effect will swamp the arithmetic effect, causing an actual increase in tax revenue.”

Reagan tax cuts combined with cuts in Federal spending produced the real, positive economic effects Laffer described.

Mrs. Thatcher achieved similar results in the UK.

Prosperity resulted.

How much?

For a cogent discussion of the remarkable results achieved with tax reductions by Reagan see: Revisiting Reagan Tax Cuts.

Then politics crept in and the advances were incrementally squandered by forces of what President George Washington called ‘Interest’ – meaning political Self-Interest. In our discussion, we can call this effect ‘Entitlements’.

Mrs. Thatcher codified it another way, calling it socialism: “The problem with socialism is that you eventually run out of other people’s money.”

How did this happen? For an excellent summation see these two links:

  1. Stagnation Prosperity Stagnation: 
  2. Reaganomics Tax Cuts Alone are Not Enough

Some further observations about how this happened are worth emphasizing. They highlight structural flaws which must be corrected by the People using further Constitutional Amendments.

First, in the smoke & mirrors world of Congressional appropriation of funds & extra-governmental management of monetary policy by the Central Bank Cartel known as the Federal Reserve (Fed), there exists a Deliberate Disconnect in Accountability to the People – because federally elected Legislators cannot be held accountable for monetary policy actions of the private entity Fed. This crippling slight of hand supports vast transfers of the People’s Wealth to the Fed over time – the very root of income disparity in our society today.

All this results from the Federal Reserve Act of 1913 – which established US Central Banking for the fourth time – and from the purported ratification of the 16th Amendment to the US Constitution in 1913, which created Income Tax.

It’s no accident they occurred simultaneously – a one-two punch for the Rothschild Model in a popular government.

AMENDMENT XVI — The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”

We’ll deal further with rectifying the problem of the Fed below, but there’s an obvious solution to the inequities & inefficiency arising from Income Tax.

Income Tax must be abolished by a 27th Constitutional Amendment repealing the 16th Amendment. Income Tax can then be replaced by a Consumption Tax in a 28th Amendment. The Consumption Tax (CT) is a very, very low automated percentage of each transaction (no more than 1%). CT obviates the need for an Internal Revenue Service
(IRS), which can be largely retired & eliminated. The aggregate volume of transactions occurring in the US economy ensures more than enough revenue to conduct the nation’s business. Happily, the Laffer Effect of tax reduction boosting an economy, will ensure the US economy reaches the most robust dimensions ever enjoyed.

Understanding the elegant simplicity & unimpeachable fairness of the Consumption Tax is subject for another discussion. Suffice to say here, CT is real, effective & has been successfully used before in the United States.

Additionally in 1971, the Nixon Administration repudiation of the ‘Gold Standard’ backing US currency opened ‘Pandora’s Box’ to the ills of fiat currency because Legislators, in collusion with Central Bankers, could print untethered currency to their heart’s content – and have! It took Federal Legislators & Presidents a few years to fully realize they were no longer accountable to the People for ‘Sound Money’, but they caught on quickly enough – in an era of Legislative Bill ‘Riders’ – to do serious damage to the national Treasury. Federal Debt has spiraled uncontrollably upward ever since. A return to backing US currency with Gold & other precious metals will help quickly dispatch this Inflation Racket. President Richard Nixon’s Executive Order of 15 August 1971 – the policy instrument authorizing fiat money – can be cancelled to commence the process of returning to Sound Money.
The following chart will water the eyes of any thinking American – the more so because it’s already out of date – the US Federal Debt now stands at nearly $20,000,000,000,000 (trillions):

US Federal Debt $20 Trillion

The American Public is paying a staggering $440 Billion in annual interest – just to service the US National Debt.

Who receives this interest? The few members of the Federal Reserve – a private entity. See chart below.

$440 Billion Annual Interest Paid On US $20 Trillion Debt (Aggregated Monthly Over Fiscal Year)

US Entitlements & Debt Interest in the next 15 years, completely crowd out the primary function of the Federal government – Defense of the Nation. Repeat, there will be no money for Defense.

Why would a nation do that to itself?

On the chart below – at the intersection of Revenue & Debt – lay the next American Revolution.

US Entitlements & Interest On Debt Consumes Entire Federal Budget

See also:

Question, you ask:

“With the majority of accumulation of $20 trillion in US Federal Debt since after 1971, why haven’t the prices of goods & services inflated through the roof – most particularly given acute Federal Budget excesses committed by Congress & the Executive Branch over the last 8 years from 2008-2016?”

Answer:

The post Word War II Baby Boom Generation of Americans is now in the stage of life during which shedding debt & downsizing is the norm. This effect is destroying private debt at a rate coincident with unrestrained creation of debt by government.

When this generational force has subsided, prices must inflate under aggregated & continuing unchecked currency devaluation by Federal government through Unbridled Spending & Debt Interest.

Our Nation & the world will experience the true Mother of All Depressions.

This is because each new added dollar represents a smaller & smaller slice of the Federal Debt Pie – as that Pie is sliced more & more thinly. Ultimately, US Debt paper (dollars) will be rendered worthless, each representing a slice so thin, it won’t be negotiable.

As the currency collapses, every sector of the economy must absorb the loss.

Home prices, government pensions, everything of value is lost. This is what happened in 1929, when markets & assets lost 90% of their value & remained devalued for the decade long Great Depression.
In the customary Revaluation that follows, secured creditors deemed ‘Too Big To Fail’ are made whole on the backs of depositors & mortgage holders – in what has become the customary “Bail Out”. Only this time, since the currency will be worthless, it will be a “Bail In”. As we saw in Argentina & other revaluations, US citizens will be permitted to withdraw only that amount of their own money not imperiling a Bank’s Reserves, which at a maximum represents only 10% of Bank Obligations – due to a logic-defying practice known as ‘Fractional Reserve Lending’. And then payment will only be made at a rate consistent with a revalued currency at pennies on the dollar.

It gets pretty complicated when Central Banks tinker with money supply as a chief tool for managing monetary policy.

In fact, it is criminally complicated. Central Bankers the world over should be held accountable for malfeasance & for the untold heartache they have caused for hundreds of millions of people through the profiteering scheme of ‘Inflation’ which is at the root of nearly two centuries of boom & bust cycles and several armed conflicts among nations.

To start in the US, using our 27th Constitutional Amendment abolishing Income Tax, we must likewise abolish the Federal Reserve Act of 1913 to prevent further Central Banking & to end forever the two senseless practices of paying interest on our National Debt & paying the Unlegislated Tax called Inflation. A deeply onerous Racket the private ‘Federal Reserve’ Bank franchise must end permanently, if our Republic will survive & flourish. Happily on several past occasions Central Banking has been successfully repudiated by Congress & by Presidents Washington, Jefferson, Madison, Jackson & Wilson. Absent this critical step, the People’s wealth will be consumed.

In response to the assertion that a welfare constituency in the United States has no skin in the game if they pay no tax, there is a more direct & sustainable course than fretting about lack of taxation participation:

End entitlements all together. This is fiscally sound, Constitutionally sound & a certain inducement to innovation in income production among tax skates. The Framers never intended the nation would encumber itself in this way.

Entitlements are a problem worth worrying about.

In sum, there is merit to be found in the Trump Tax Plan & some cogency in its numbers. Certainly, it does not go far enough, but if extended growth of the economy can kick the can a little further up the road – to wean Americans off entitlements through employment – it may be of interim use. In totality Trump’s Tax Plan appears to resonant with the structure of Reagan era taxation policy, which proved beneficial & prosperous.

Taking the ‘Drag Brake of Taxation’ off the ‘Wheel of the US Economy’ will create unprecedented Prosperity in the United States. The only reason not to do so is if you don’t want the US Economy to prosper & soar! Why would someone want that?

As a related economic issue, Mexico is a failing State ripe for the next chapter of its history. Mr. Trump’s border wall, will prove important to our Nation’s Security & Economy Stability as the Mexican State trajectory unfolds. Trump’s plan contains sensible points of leverage available to the United States in dealing with this issue. Certainly, allowing
further abuses of US Sovereignty & Security associated with Mexico cannot serve US national interests – nor the long term interests of our southern neighbor.

Mexico’s trajectory is Mexico’s & not ours – violent La Raza Racists & other Provocateurs not withstanding.

See: Pay for the Wall

While the attention-deficit bombast passing for Mr. Trump’s style can be off-putting & perhaps counter-productive, there is no question it is occasioned by deep sincerity in promoting a Return to American Greatness. The deeper one looks into his platform, the stronger his arguments become.

Some would say his style is bona fide of something other than dysfunctional politics as usual. That may well be true.

That said, regarding the fallacious assertion the Trump Tax Plan is not viable, it may be more to the point to observe the challenge is to find any discernible tax plan at all from Candidate Clinton.

Please see: Hillary Clinton’s Plan to Raise American Incomes

Even a cursory look at this ‘offering’ reveals button-pushing, pandering & double-talking rhetoric largely offensive to Liberty loving Americans & belies a measured political calculation that is all too familiar. Of course, we are all fed up to here with that sort of self-serving Collectivist politic. The plain truth is Mrs. Clinton’s bromides do nothing to address serious, unsustainable structural defects in US Treasury, Taxation & Monetary Policy.

Given the overt & concentrated assaults on American Liberty, sovereignty, morality, normative culture, fiscal responsibility & official accountability that has come acutely – even brazenly – to the fore in the Obama full court press of the last 8 years, it appears we have arrived at a crossroads of historic import for the trajectory of the greatest nation to ever appear on Earth, the United States of America.

On such occasions, all hands must be mustered & the decks cleared for action.

We each must decide whether our personal trajectories are sufficient reason to countenance further politics as usual, or whether Liberty is more precious to the longer course of our Nation’s affairs for Ourselves & Our Posterity. The Tyranny of Collectivism stands before us & we are already well worn in its rub – a state no nation can hope to long endure.

An answer must soon be given if our Experiment is to last. Though we risk Tyranny of another stripe, it seems necessary to answer the present danger of Collectivism. As the Party dice appear to have been cast, this would mean support for Trump. The alternative must be deemed unrecoverable.

© Copyright 2016 Strategic Waters International, LLC. All Rights Reserved.

Taliban Uses U.S. Military Equipment, IG Withholds Records of Afghan Security Forces Collapse

The Taliban is training and operating with U.S. military equipment including rifles, trucks, and helmets with night vision mounts since the Biden administration withdrew American troops from Afghanistan last year. Taliban forces even held a military parade with dozens of U.S.-provided armored vehicles and Mi-17 helicopters flying overhead, according to a federal audit documenting the collapse of the American-funded Afghan National Defense and Security Forces (ANDSF). For two decades the U.S. government spent a mind-boggling $90 billion to help the ANDSF develop into a self-sustaining force capable of combatting terrorist groups like the Taliban. It never happened.

When the Biden administration withdrew U.S. troops in August 2021 the ANDSF crumbled and the Taliban took over, generating images and videos of soldiers wearing U.S.-provided clothing and brandishing U.S.-provided rifles. “Taliban units now patrol in pickup trucks and armored vehicles likely procured by the U.S. and provided to the ANDSF,” reads the report published by the Special Inspector General for Afghanistan Reconstruction (SIGAR), which was created by Congress to provide independent and objective oversight of Afghanistan reconstruction projects and activities. “Taliban special operations troops, known as Badri 313 units, wear helmets with night vision mounts likely provided by the United States, and carry U.S.-provided M4 rifles equipped with advanced gunsights.” The report continues. “Khalil Haqqani, a senior Taliban leader, carried a U.S.-provided rifle as he attended prayers at a mosque in Kabul following the collapse.” The examples show that the terrorist group is now equipped with material that was supplied by the U.S. to defeat it, the watchdog writes.

The 43-page report, which has 17 pages of endnotes, was released to the public earlier this year and determined that the single most important factor in the ANDSF’s collapse was the U.S. decision to withdraw military forces and contractors from Afghanistan. Since 2002, the United States deployed military and civilian personnel to train, advise, and mentor Afghan soldiers, police, and ministry officials, the report reveals, adding that Uncle Sam provided the ANDSF over 600,000 weapons, 300 aircraft, 80,000 vehicles, communication equipment, and other advanced material, such as night vision goggles and biometric systems. As part of its probe SIGAR reviewed hundreds of government and academic reports related to the development of Afghan forces and its subsequent collapse. Investigators also conducted more than 40 interviews with former Afghan government officials, former ANDSF members, and current and former U.S. government officials, including commanders of U.S. forces and the Combined Security Transition Command-Afghanistan (CSTC-A), the unit responsible for the ANDSF’s development. Ambassadors and advisors were also interviewed.

Though quite lengthy, the report leaves a lot of unanswered questions so Judicial Watched filed a Freedom of Information Act (FOIA) request for records that could shed light on the SIGAR probe and provide answers for the American taxpayers that financed the 20-year boondoggle. In its request Judicial Watch asked for emails, interviews, memoranda, reports, and briefings with former Afghan government officials, former ANDSF members, and current and former U.S. government officials, including former commanders of U.S. forces, CSTC-A commanders, ambassadors, and advisors responsible for the development of the Afghan army, air force, special forces, and police, as they relate to the report. A few weeks later Judicial Watch received a letter acknowledging receipt of the FOIA request and several weeks later SIGAR followed up with a letter rejecting the public record request. The watchdog claims only 27 records responsive to Judicial Watch’s request were located but they are exempt from disclosure under measures that protect attorney-client privilege, personal privacy and information compiled for law enforcement that could reasonably be expected to constitute an invasion of personal privacy. The exemptions have official government codes that were cited in the rejection letter.

SIGAR’s refusal to provide the records means the public will never know the entire truth behind the U.S.’s massive failure in Afghanistan and the abrupt demise of the American-funded ANDSF. In the name of transparency the watchdog should provide the information. Ironically, SIGAR recently blasted the State Department for withholding records necessary to investigate how billions of dollars in Afghanistan reconstruction money is being spent. The watchdog condemned the stonewalling in a letter to Congress and the Secretary of State that explains “American taxpayers deserve to know why the Afghan government collapsed after all that assistance, where the money went, and how taxpayer money is now being spent in Afghanistan.”

EDITORS NOTE: This Judicial Watch column is republished with permission. All rights reserved.

Biden climate speech in Egypt reveals bad science, massive spending and regulation

UPDATE: Florida Congressman Greg Steube Talks Biden’s Radical Climate Proposals.


President Biden, seeking to “greenwash” his failing energy policy, delivered a speech at COP 27, the big UN climate conference in Egypt.

The President falsely attributed a host of natural weather events to climate change and then went on to detail a massive laundry list of wasteful climate spending and destructive regulation.

The President said that:

In the United States, we’re seeing historic drought and wildfires in the West, devastating hurricanes and storms in the East.

Here in Africa — here in Africa, home to many nations considered most vulnerable to climate change, food insecurity [and] hunger follows four years of intense drought in the Horn of Africa.

Meanwhile, the Niger River in West Africa, swollen — swollen because of more intense rainfall, is wreaking havoc on fishing and farming communities.

In Nigeria, flooding has recently killed 600 people; 1.3 million more are displaced.

Seasonal livestock migration routes have been used for hundreds of years are being altered, increasing the risk of conflict between herders and local farming communities.

President Biden is wrong.

All of this is natural weather.  Government policy can help people suffering the impacts of extreme weather, but nothing on this list was meaningfully caused by our use of energy.

Floods, droughts, fires, storms, even African “livestock migration” are historically normal and not your fault.

Watch President Biden’s full COP 27 remarks at CFACT.org and read the full transcript and judge for yourself.

President Biden’s media office, joined by Climate Envoy John Kerry, released a lengthy U.S. climate “fact sheet” that summarizes Biden’s climate spending and regulation since he took office and their plans for the future.

Here’s a sample:

  • Double U.S. contributions to the UN “Adaptation Fund” from $50 to $100 million this year.
  • $150 million for “climate resilience in Africa.”
  • $20 million for small island states
  • $5 million to the Migration Multi-Partner Trust Fund to support “climate-affected vulnerable migrants.”
  • Launching a “Climate Gender Equity Fund”
  • $250 million for power generation in Egypt
  • Severe clampdown on methane emissions by American energy producers with $20 billion in spending
  • Close to $4 billion on “Green Shipping” initiatives
  • Require federal contractors to publicly disclose their greenhouse gas emissions and comply with government mandated emissions reductions
  • Commit U.S. national government operations to be “net zero” no later than 2050
  • Quadruple U.S. climate finance to over $11 billion a year
  • More than $65 billion in climate finance through the U.S. Trade and Development Agency and U.S. Export-Import Bank

Read the President Biden’s full climate “fact sheet” at CFACT.org.

In addition to Biden, Friday saw a presentation at COP 27 by the Republican “Climate Caucus,” who many see as “useful idiots” playing into the hands of the climate-Left.

As CFACT’s Adam House posted to CFACT.org: “by participating in this ‘Decarbonization Day,’ these Republican lawmakers have legitimized the UN’s message of collectivism, massive taxes and government spending, corrupt and alarmist science, and centralized power. In their attempt to be part of the conversation, they have only eroded the conservative message.”

President Biden’s climate and energy agenda is based on unsound science, would lead to massive erosion of national sovereignty, individual liberty, and prosperity that will weaken the free world and empower its adversaries.

This cannot stand.

Yet what lies in store for those of us with the courage to marshal the facts and correct the record on climate?

Take a look at this photo Marc Morano posted of a climate radical calling for the “death penalty” for “climate deniers” to CFACT’s Climate Depot.

If world leaders go on shamelessly egging them on, could climate radicals go from attacking great works of art to attacking people?

AUTHOR

Craig Rucker

Craig Rucker is a co-founder of CFACT and currently serves as its president.

EDITORS NOTE: This CFACT column is republished with permission. ©All rights reserved.

The Problems with ‘Free Stuff’

South Dakota voters approved Medicaid expansion in Tuesday’s election, leaving just 11 states that have not expanded their Medicaid programs to include middle-class able-bodied childless adults making almost $40,000 a year.  I hope the remaining states hold the line because they will be in a world of hurt if they don’t.

The first problem is voters demanding free stuff with nary a thought of how to pay for it.  Missouri voters previously demanded Medicaid expansion, but the state couldn’t figure out a sustainable way to pay for it.  Expansion would cost the state hundreds of millions of dollars a year, but nobody knew what the funding mechanism would be.  The same thing happened in Idaho and Oklahoma – Medicaid expansion occurred without a stable permanent funding source.   Since Medicaid is now such a huge part of state budgets, every expansion state faces fights in the legislature about raising taxes or pulling money from other priorities like education to fund more government-sponsored healthcare.

That’s just for openers.  Expansion states face a raft of other problems.  Enrollment always exceeds expectations and many states have hit the wall in terms of being able to afford their programs.  I haven’t seen any more reports of this lately, but extra federal COVID money has postponed the day of financial reckoning.   I would argue the reason we still have a federal COVID emergency, though the medical facts no longer justify it, is to keep the states – especially expansion states – from going bust over their Medicaid expenses.  A world of hurt is coming because the fiction of a COVID emergency can’t be maintained forever.

Other problems with Medicaid expansion include

  • middle class dependency on government – a tragedy, not a triumph as the Left would have you believe, and completely unsustainable
  • billions of dollars spent on people who aren’t eligible
  • new inequities like traditional enrollees – low-income children, pregnant women, and the disabled – getting sent to the back of the line as childless able-bodied adults enter the system
  • substandard care – women already on Medicaid account for the majority of pregnancy-related deaths
  • longer wait times for ambulances and medical services
  • worse health outcomes than private insurance as more doctors refuse to take Medicaid patients because of the low pay and paperwork burdens
  • more drug overdoses and lower life expectancy in expansion states
  • lower labor force participation, and
  • special interests like large hospitals and managed care companies benefitting more than enrollees

Speaking of special interests, they are busy agitating for Government Healthcare 2.0.  It’s not enough that one in four Americans is now on Medicaid, we have to expand the range of services and the amount of government money spent on them for them to become healthy, or so the pretext goes.  The theory is called Social Determinants of Health (SDOH).  I call it naked redistribution, with calls growing for, and localities dabbling in, providing Medicaid recipients with free housing, transportation, food aid, education, job programs, guaranteed income, and other social services galore.  The theory has been around for a while but it is gaining traction, inducing mission creep in the Medicaid program.  Proponents claim the theory saves money, but their analysis fails to account for the magnet effect of free stuff from the government drawing ever-larger numbers of people into government dependency.  Once again, the Left points to immediate gains and fails to think systemically.

If you think the nation is too far in debt now, and states are biting off more than they can chew with Medicaid expansion, just wait.   Insolvency 2.0 is the inevitable outcome of social determinants of health.  Insolvency is what you get when no claim on public funds can be resisted and the government tries to put a soft pillow under absolutely everybody for absolutely everything.  Ultimately, it won’t work.

©Christopher Wright. All rights reserved.

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Biden’s Student Loan Handout Struck Down By Federal Judge

It hardly matters now. The Biden regime got what it wanted — the imbecilic, privileged Gez Z voter, rendered incapable of critical thought by the very college education they expected the working class to pay for.

Biden’s student loan handout struck down by federal judge in Texas

By: Fox News, November 10, 2022:

Appeals court temporarily halts President Biden’s student loan handout

Texas Rep. Beth Van Duyne discusses GOP members attempting to block President Biden’s student loan plan on ‘The Evening Edit.’

A federal judge in Texas struck down President Biden’s student loan handout in a Thursday night ruling.

Biden’s plan, which aims to cancel up to $20,000 in student loan debt for Pell Grant recipients in college and up to $10,000 for others who borrowed using federal student loans.

“Whether the Program constitutes good public policy is not the role of this Court to determine. Still, no one can plausibly deny that it is either one of the largest delegations of legislative power to the executive branch, or one of the largest exercises of legislative power without congressional authority in the history of the
United States,” United States District Judge Mark Pittman wrote.

“In this country, we are not ruled by an all-powerful executive with a pen and a phone. Instead, we are ruled by a Constitution that provides for three distinct and independent branches of government…The Court is not blind to the current political division in our country. But it is fundamental to the survival of our Republic that the separation of powers as outlined in our Constitution be preserved. And having interpreted the HEROES Act, the Court holds that it does not provide ‘clear congressional authorization’ for the Program proposed by the Secretary,”

Elaine Parker, President of Job Creators Network Foundation, which brought the lawsuit, reacted to the ruling on Thursday.

“The court has correctly ruled in favor of our motion and deemed the Biden student loan program illegal. The judge criticized the Biden Administration program, calling it ‘one of the largest exercises of legislative power without congressional authority in the history of the United States.’ This ruling protects the rule of law which requires all Americans to have their voices heard by their federal government,” Parker said.

“This attempted illegal student loan bailout would have done nothing to address the root cause of unaffordable tuition: greedy and bloated colleges that raise tuition far more than inflation year after year while sitting on $700 billion in endowments. We hope that the court’s decision today will lay the groundwork for real solutions to the student loan crisis.”

Read more.

AUTHOR

RELATED ARTICLE: Pennsylvania Elects Dead Democrat

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Jones: Dems Failed to See Voters Deal with Inflation Every Day, Not Abortion or Democracy

Monday on CNN Newsroom, political commentator Van Jones stated that Democrats failed to see how much inflation mattered for working-class voters and pointed out that people do have to deal with inflation every day, while they don’t have to deal with abortion or voting every single day.

Jones said, “I think there was this kind of fool’s gold, this idea that the threat to democracy is so severe in the wake of this insurrection and in the wake of these election deniers possibly grabbing control of the government, that that was something that you had to talk about. But you also have to talk about the economy. I think the tragedy here is that the Democrats have something to say on the economy in terms of what Biden has done when it comes to 10 million jobs, what Biden has done when it comes to prescription drug prices, standing up to China on the CHIPS Act, and also the fear of what Republicans will do.”

He added, “Dobbs versus jobs, most people are going to be focused on the jobs.”

Jones concluded, “You don’t get an abortion every week. But you do buy gas every week. You don’t vote — democracy’s on the line, you don’t vote every day. You do have to eat every day. So, the price of food and the price of gas matters for a lot of working-class voters in a way that I don’t think Democrats really factored in.”

He’s half-right about democracy being on the line — it is, but the Republican Party isn’t the threat. Democrats are.


Van Jones

128 Known Connections

In April 2008, Jones made clear his desire to incrementally socialize, by stealth, the U.S. economy: “Right now we say we want to move from suicidal gray capitalism to something eco-capitalism where at least we’re not fast-tracking the destruction of the whole planet. Will that be enough? No, it won’t be enough. We want to go beyond the systems of exploitation and oppression altogether … until [the green economy] becomes the engine for transforming the whole society.”

To learn more about Van Jones, click here.

EDITORS NOTE: This Discover the Networks column is republished with permission. ©All rights reserved.

Gavin Newsom Shells Out $1.6 Million To Stop Climate Measure That Would Raise Taxes On The Rich

Democratic California Gov. Gavin Newsom’s reelection campaign spent over $1.6 million to oppose a climate initiative that would raise taxes on millionaires to help low-income Californians buy electric cars. Despite this, Newsom, who is a multimillionaire, has previously touted his administration’s efforts to rapidly cut carbon emissions and get more electric vehicles (EVs) on the road.

Newsom, who boasts an estimated net worth of around $20 million, signed a bill in September to codify ambitious emissions reduction targets and praised the California Air Resources Board’s decision to ban all gasoline-powered car sales by 2035. However, Newsom’s campaign gave $1,617,216 to the “No on 30” committee, which opposes Proposition 30, a ballot measure that institutes an additional 1.75% tax on individuals that make over $2 million a year to help disadvantaged Californians buy EVs, according to campaign finance disclosures filed Tuesday.

Newsom aims to make his state’s auto industry “all-electric” by 2035 and will spend $10 billion of taxpayers’ money to “aggressively fight the climate crisis” by phasing out gas cars and building EV infrastructure. The Democrat called Proposition 30 an irresponsible “special interest carve-out” and argued that the proposed law was designed to “funnel” state income tax to Lyft, a large rideshare company, according to a statement Newsom’s campaign provided to the Daily Caller News Foundation.

Newsom aims to make his state’s auto industry “all-electric” by 2035 and will spend $10 billion of taxpayers’ money to “aggressively fight the climate crisis” by phasing out gas cars and building EV infrastructure. The Democrat called Proposition 30 an irresponsible “special interest carve-out” and argued that the proposed law was designed to “funnel” state income tax to Lyft, a large rideshare company, according to a statement Newsom’s campaign provided to the Daily Caller News Foundation.

“California’s tax revenues are famously volatile, and this measure would make our state’s finances more unstable − all so that special interests can benefit,” Newsom said in the statement. “Californians should know that just this year our state committed $10 billion for electric vehicles and their infrastructure, part of a $54 billion nation-leading package to fight climate change and build a zero-emission future.”

A small percentage of California taxpayers would fund Proposition 30’s EV initiatives as only 35,000 of the state’s residents reported adjusted gross incomes greater than $2 million, according to 2019 statistics published by the state’s Franchise Tax Board.

Although the measure could help Lyft by raising money to help the company’s drivers buy electric cars, environmentalists began drafting the measure before the company became involved, CEO of California Environmental Voters Mary Creasman told CBS News. A Lyft spokeswoman previously told the Daily Caller News Foundation that none of the $3.5 billion to $5 billion in tax revenue generated by the law was “earmarked” for the rideshare industry.

Californians will vote to implement or reject Proposition 30 on Nov. 8.

AUTHOR

JACK MCEVOY

Energy & environment reporter.

RELATED ARTICLES:

After Mandating Electric Vehicles, Newsom Campaigns Against Law That Would Raise Taxes On His Donors To Fund EVs

Common Sense Tells Us That There Is No Viable Alternative to Fossil Fuels

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Why Do Big Cities Tend to Have Bigger Government?

Like any place that generates significant wealth, cities also generate significant incentives to capture the wealth.


Last week I answered a question from a FEE reader on how the Federal Reserve creates money. This week, Aaron, a FEE Daily reader, asks a very different question:

“Why is it that more populous cities seem more inclined to adopt laws and regulations that restrict individual autonomy, and attract residents more likely to vote for representatives who advocate such policies?

What can residents in growing cities do to avert this tendency?”

This question is a little less straightforward than a typical economics question. As we learned last week, there’s a clear relationship between interest on reserves and the supply for money. But there’s no clear direct channel which explains why cities skew anti-autonomy.

Nonetheless, economics is a valuable tool we can use to explain all kinds of behavior. We’ll begin by considering Nobel prize-winning economist James Buchanan’s dichotomy of the romantic view of politics versus politics as exchange.

There are two potential views of politics. The first is a romantic view. In this view, politicians are altruistic, sacrificial public servants. Voters are well-informed and always choose those candidates who have the best interest of the public at heart.

In other words, politicians are angels. If the romantic view of politics is true, there’s a simple explanation to why cities seem more inclined to adopt laws that restrict individual autonomy. People who live in cities believe that is what’s best, and politicians cater to that desire.

There are clear problems with the romantic view of politics, but the biggest is that it is inconsistent with how we analyze most institutions.

Take businesses, for example. If businesses have the opportunity to increase profits by polluting, what will they do? Generally, economists will assume they will choose to pollute. Firms are assumed to be interested in making the most profits and will pollute if they don’t bear the costs of doing so.

So we assume business owners are selfish. This begs the question, why would we assume politicians are selfless?

It would be arbitrary and unconvincing to take a sober view of business but a romantic view of politics. Nothing about existing in government confers angel wings on individuals. If anything, we should expect the opposite.

It would be more symmetric to assume politicians, like business-owners, are pursuing their own ends which will not necessarily align with the ends of the public as a whole (though there is good reason to believe businesses will align with the public more often).

For example, it will sometimes be in the best interest of politicians to restrict liberty. They could do this by passing higher taxes to increase their budgets, doing favors for special-interest groups, or lobbying political actors to increase their influence.

In this alternative view, politics involves self-interested exchanges between politicians and, for example, interest groups.

But this still leaves us the question, why do big cities tend to have more of this seemingly selfish political exchange, assuming that’s often what’s going on with big-government policies?

Wealth is a dangerous thing to flaunt. When I have to run into a store quickly, and I have my laptop bag with me, I’m always careful to place it out of sight in the car. Sometimes I put it under a seat cover, sometimes I move it into the trunk, and, on occasion, I decide to take it with me.

It’s not difficult to understand why. I hide my laptop when I leave it for the same reason people store their valuables out of sight. When you have more wealth, and people know it, you are a bigger target for extortion and theft.

It’s no secret that cities tend to have a lot of wealth concentrated in a small area. This isn’t to say everyone in the city is rich, but all the production and exchange in cities make them hubs of wealth.

And, like any place that generates significant wealth, cities also generate significant incentives to capture the wealth.

Consider, for instance, that a group of taxi cab drivers is seeking to keep its would-be competitors out of the market. In order to do this, the company might lobby for regulations (like a limited number of permits) that would restrict competition.

What sorts of cities would be the best places to create this kind of monopoly? Big cities with a lot of customers would seem like a good target. The return to cutting out competition by lobbying the government is pretty low when your potential customer base is in the hundreds rather than the thousands.

So, the group of cab drivers could form an association which donates to the mayor’s campaign and lobbies for a permit system.

But if politicians did something so egregious as this, couldn’t citizens vote them out? They could, but it’s unlikely that they will. Let’s say the city has one million people and there are one hundred drivers in the cab driver association. If the regulation adds $10 of cost to the one million people, that generates $10 million to be divided among the one hundred cab drivers. That’s $100,000 per cab driver.

So the cab drivers can earn a lot more money by getting the regulation passed. The citizens only lose $10 each. They don’t like this, but it’s hardly worth the time to organize against the regulation (or even learn about it in the first place). This is known by economists as the logic of special interest groups.

Smaller cities are different. First, there are less people to take money from. Second, the average income is probably lower. Lastly, it’s easier for a small number of people to organize and oppose regulations like this than a large number.

Admittedly, this increased lobbying of big municipal governments would increase competition for lobbying, but as long as there’s some fixed cost of lobbying that exists without regard to city size, I’d expect this problem would be bigger in large cities.

Another group that has more ability to capture wealth in big cities is bureaucrats. If we assume bureaucrats are only interested in the welfare of citizens, they would keep the size of their bureaucracy down. But if bureaucrats care about power and prestige, they may seek to grow in size beyond what makes sense.

It seems obvious that bigger cities will need more workers than smaller towns. Services like road maintenance, utilities, sewage management, courts, fire departments, and administrative workers will grow as the population grows.

If the number of bureaucrats merely kept up with the growing population then there’s no problem. But if each of the new bureaucrats lobbies for larger budgets, bigger office buildings, and more coworkers, we can imagine bureaucratic growth feeding on itself.

Each new government worker brings with them demands for an even larger government (and the taxes necessary to fund it).

In big cities, this sort of growth can be hard to track. How many bureaucrats are needed to successfully manage the budgets of the municipal water provision in New York City? I haven’t the foggiest.

In my town, I know exactly where the office for that manager is. There is one employee there and I know her by name. If they added another employee it wouldn’t be a big deal. But if I walked in and there were five new people working there, I’d probably be a little suspicious about why that was necessary.

It’s much easier for voters to gauge bureaucratic bloat when they live in small towns.

If my above thinking is right, then government overreach is to some extent a function of what makes a city, a city. A very dense, large number of people seems to result in this sort of overreach.

The fact that this question was asked in the first place is a good indication that big cities and big governments go somewhat hand-in-hand (at least in the US).

But not all is hopeless. I’m not keen on political solutions, but I’m very optimistic about bottom-up entrepreneurial solutions.

For example, the taxi medallion cartel in New York City wasn’t broken up by regulatory change. Uber, Lyft, and rideshare apps juked regulators and their special-interest cronies.

This seems to me to be a model of the best way forward. Rather than spending resources trying to overcome bad political incentives, I trust entrepreneurs’ profit incentive to keep innovation one step ahead.

AUTHOR

Peter Jacobsen

Peter Jacobsen teaches economics and holds the position of Gwartney Professor of Economics. He received his graduate education George Mason University. His research interest is at the intersection of political economy, development economics, and population economics.

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

EXCLUSIVE: ‘Got Away With It’ — Sen. Rick Scott To Release Ad Saying Biden ‘Cheated On His Taxes’

National Republican Senatorial Committee (NRSC) Chairman Sen. Rick Scott of Florida will release an advertisement Monday night, claiming President Biden has been cheating on his taxes to avoid paying around half a million dollars that should have gone to Medicare.

The ad, titled Tax Cheat, was first obtained by the Daily Caller. In it, Scott accuses Biden of exploiting a loophole to cheat on his taxes and getting away with it. Scott’s ad bases its claim on reports from a number of media outlets, including the New York Post and Wall Street Journal, which said that when Biden was leaving the vice presidency in 2017, Joe and Jill Biden created two S-corporations, the CelticCapri Corporation (Joe Biden) and Giacoppa Corporation (Jill Biden), through which they funneled their book and speech income.

The Bidens paid full income taxes on all their earnings but avoided paying payroll taxes — the 2.9% tax that funds Medicare and the additional 0.9% “high-income” tax imposed by Obamacare — on all income they classified as “profits” from their two corporations. This has caused lawmakers like Scott to raise questions about Biden’s taxes, saying the president could owe the IRS close to $500,000 in back taxes.

In 2020, The Washington Post’s fact checker looked at this allegation in detail and concluded that it was difficult to determine whether Biden’s “tax strategy was especially aggressive or par for the course.”

“Joe Biden just cut $280 billion from Medicare. And we know about his 87,000 new IRS agents. But what you don’t know is that Joe Biden also cheated on his taxes and got away with it,” Scott said in the ad.

“Biden improperly used a loophole to dodge half a million dollars in taxes that should have gone to Medicare. Now that Biden has ripped off Medicare for half a million dollars, he wants to close the loophole and raise your taxes. I’m Rick Scott. Biden should resign,” Scott continued.

The ad is being run by and paid for by Scott’s campaign.

WATCH: 

“Joe Biden and Washington Democrats just cut $280 billion from Medicare, taking money from Florida seniors,” Scott told the Caller before the ad was released. “What’s worse, Joe Biden cheated on his own taxes, taking even more money from seniors who rely on Medicare and other important entitlement programs. Joe Biden is a hypocrite and a tax cheat who is unequipped for the job and should resign.”

White House Deputy Press Secretary Andrew Bates respond to the Caller’s inquiry about the accusations Scott made in the ad in a statement: “No. And funnily, Rick Scott’s lie about the Inflation Reduction Act is just as debunked now as it was yesterday when he face-planted after getting fact checked live on CNN yesterday. It’s also just as false as it was when Rick Scott released an ultra MAGA policy agenda that called for putting Medicare on the chopping block. The Inflation Reduction Act is endorsed by the AARP – and opposed by Big Pharma and every Republican in Congress – because it enables Medicare to negotiate lower prescription drug costs. Rick Scott just highlighted, again, that want to raise drug prices in the name of welfare for Big Pharma. We should honestly be paying Senator Scott to talk, but then again he probably still has as least a few hundred million dollars left from when he oversaw the biggest Medicare fraud in history.”

AUTHOR

HENRY RODGERS

Senior Congressional correspondent. Follow Henry Rodgers On Twitter

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.