Google+

WND Exclusive – ALL INCOME IS 1ST THE GOVERNMENT’S

The Republican tax plan has finally made its debut. At first blush it appears pretty good. At its heart the plan is populist, but what can we expect in these times?

As one might expect of populists, it is geared toward the lower income scale, but does have a few cut-outs for the wealthier among us – and is certainly more business-friendly than the status quo.

However, we must remember that all tax legislation begins in the House, so this is just a starting point, and what we see is as good as it will be.

The bill isn’t going to improve from here out. It will only get worse – more watered down, as the Democrats’ long-knives predictably start tearing into it. read more

Neom – Saudi $500 Billion New City

The building site for Neom: a futuristic city where the desert meets the Red Sea, with...
The building site for Neom: a futuristic city where the desert meets the Red Sea, with views of Egypt across the water, and plans for a giant bridge to cross the span(Credit: Discover Neom)

Saudi Arabia is looking toward a post-oil future by sinking some US$500 billion into a massive, ultra-futuristic megacity project it calls Neom (or Neo-Mostaqbal; new future). Saudi Crown Prince Mohhamed bin Salman announced the giant project on Tuesday, a brand new city on the intersection of three countries, where “there is no room for old thinking.” read more

Sainted CBO Doesn’t Understand Economics

from Conservative Review:

Crystal Ball Office (CBO): Big Gov cronyism good for your health

crystal ball reading

ugurhan | Getty Images

We live in a time when politicians refuse to even understand the basic difference between the X and Y chromosomes. It is therefore not hard to understand why up is down and in is out when it comes to health care economics in the eyes of the esteemed Congressional Budget Office.

According to the CBO, the more Congress pays ransom to the insurance cartel, the lower prices will be, and then government will actually save money. Earlier this week, it issued its crystal ball projection on the Murray-Alexander bailout (the “Bipartisan Health Care Stabilization Act of 2017”) and said it would decrease the deficit by $3.8 billion. Less is more and more is less.

Of course, the insurance cartel would never use the morphine that numbs the pain from the price increases to raise prices even more … and demand even more bailouts next year. Bailing out the most failed and expensive national project of all time is now profitable, according to the smart people in D.C. read more

Tax Cuts and Discounts are Really the Same Thing

by: Brent Smith at the Common Constitutionalist

Scroll Down for Audio Version

As the tax debate in Washington heats up, we’re hearing the same tired old refrain of, “The rich don’t deserve nor do they need a tax cut.” It’s an absurdly populist statement. However, this time it’s coming from both the dems and republicans.

In defense of tax cuts for all, the rich included, let me first quote some boring facts and figures. Then I will attempt to inject some business sense into an otherwise senseless argument.

Tax cuts will in fact grow the economy, yet I heard the leftist billionaire Tom Steyer say that since the 1980’s, the top tax rate has been cut from 70% to under 40%. He adds that during that time wages for workers have stagnated. I won’t argue that point here.

I heard him say he got rich on Wall Street, so he knows all about the economy. If this is so, and we’ll assume it is – it would mean he’s lying by omission and knows he is. But he knows most aren’t schooled enough to catch him in the lie.

In fact the economy did grow massively after Reagan’s huge tax cuts. But wages are just a portion of economic growth. And wages, like almost everything else, do not occur in a bubble. Other things affect wages – not just growth, or lack of it.

First, would you rather have a job at slightly lower wages, or no job at all, which occurred during the Carter years? And of course wages often don’t tell the whole story. read more

Trump Should Reconsider Ethanol Mandate

This is honest reporting. Many sites on the right do nothing but promote everything Trump. I as well support the President’s policies, but when he makes a wrong decision, he should be called out. This is one of those times and it’s important to point it out.

from IBD:

This is one campaign promise we wish President Trump would break. But alas, he just told his EPA to give up any thought of cutting back on the federal government’s anti-consumer, anti-environment ethanol mandate. Sad.

The story begins in 2005, when President Bush approved the Renewable Fuel Standard program as part of an energy bill, which required oil refiners to blend in predetermined amounts of “biofuels” into their gasoline, starting at 4 billion gallons in 2006.

A revised version of the RFS, which Bush signed in 2007, expanding the program, requiring ethanol levels to climb steadily to 36 billion gallons by 2022. read more

WND Exclusive – Democrats love taxing us to death — and beyond

President Trump’s new tax proposal is pretty good. It’s not great, in the opinion of this consistent Constitutionalist, but it ain’t bad.

Naturally, the Democrats hate it. Ali Baba Schumer and his gang of thieves are using the same old tired argument, that it’s just tailored toward benefiting the rich and that “working families” will suffer should Trump triumph.

I think the last Democrat who was in favor of a tax cut was President Kennedy some 54 years ago. As much as we conservatives like to crow about the Kennedy tax plan, it wasn’t great. Oh, it sure did cut taxes, but it wasn’t what we think. read more

Like ObamaCare – Bernie’s Medicare-For-All will Cost You

by: the Common Constitutionalist

Scroll Down for Audio Version

Did you hear the good news? The left appears to be giving up on single-payer healthcare – or at least is one leftist.

Okay – not quite. Actually not at all. Socialist front man, and member of the richest 1 percent, Bernie Sanders, who has pushed single-payer for a while now, no longer speaks of it.

Sanders now trumpets Medicare-for-all. It’s the same thing. He just changed the name to something probably focus-group tested that sounds more attractive. Bernie wishes “to provide quality care to all, in a cost effective way.” He states that, “while your taxes may [will] go up to pay for this publicly funded program, that expense will be more than offset by the money you are saving by the elimination of private insurance.”

By saying it’s publicly funded, it sounds like he’s selling it as free healthcare for all – and I’ll guarantee you, this is what his followers are hearing. Well, it’s not free. He never says anything about how much the “free” government system will cost you and me. Anyone currently on Medicare can confirm it is hardly “free.”

First, as Sanders admits, are increased taxes. How much will this be? No one knows. Know one can possibly know. Just be assured that it will be significant. read more

Life is Good for Those Who Work In D.C.

from CNS News:

The three richest counties in the United States with populations of 65,000 or more, when measured by their 2016 median household incomes, were all suburbs of Washington, D.C., according to data released today by the Census Bureau.

Eight of the 20 wealthiest counties with populations of 65,000 or more were also suburbs of Washington, D.C.–as were 10 of the top 25.
Loudoun County, Va., with a median household income of $134,464, was nation’s wealthiest county, according to the Census Bureau.

read more

What Good is the Debt Ceiling?

from IBD: 

In his surprise deal with the Democrats to raise the debt ceiling last week, President Trump went one step further: He proposed getting rid of the debt ceiling entirely. It’s not a bad idea, but only if you control future spending.

“The president encouraged congressional leaders to find a more permanent solution to the debt ceiling so the vote is not so frequently politicized,” said White House Press Secretary Sarah Huckabee Sanders. Her comments came as the Senate voted 80 to 17 to approve the deal that would raise the debt ceiling and keep the government running until Dec. 8, while spending $15.25 billion on emergency relief. read more

WND Exclusive – The Debt-Ceiling Big Lie

By making a deal with the devil and siding with Chuck Schumer, President Trump may be lurching toward the dark side. And for what – an $8 billion disaster-relief package?

Eight billion dollars is a lot of money for the likes of us, but to the government it is nothing. They waste or misplace that amount in a week or two.

Heck, with a budget of around $4,000 billion ($4 trillion), the feds spend about $11 billion a day. We’re expected to believe that they can’t divert less than a day’s outlay to help out the truly needy – those who have lost everything in Texas and Louisiana, in some cases? Not to mention those who will surely lose everything if Irma tracks into Florida. We’re supposed to buy this load of crap? read more