The largest threat to our prosperity is government spending that far exceeds the authority enumerated in Article 1, Section 8 of the U.S. Constitution. Federal spending in 2017 will top $4 trillion. Social Security, at $1 trillion, will take up most of it. Medicare ($582 billion) and Medicaid ($404 billion) are the next-largest expenditures. Other federal social spending includes food stamps, unemployment compensation, child nutrition, child tax credits, supplemental security income and student loans, all of which total roughly $550 billion.
Operation Choke Point, one of the more disgraceful episodes in U.S. law enforcement and regulatory history, officially ended last week. Naturally, since it was entirely a stultifying enterprise of the Obama administration, the establishment press, as it almost universally has since its inception in 2013, has ignored its demise.
What has been reported by many but ignored by the Big Three Networks (ABC, CBS, and NBC) is that Jane Sanders, the wife of Senator Bernie Sanders, is currently under an “accelerated” investigation by the FBI for bank fraud. And on Saturday, The New York Times was openly worried about what it could do for the Senator’s chances in upcoming elections. The investigation “is threatening to take some of the luster off the senator’s populist appeal,” wrote Yamiche Alcindor, national reporter for the paper.
The Washington Post published an extensively detailed investigative report on Monday that documented the ongoing and accelerating FBI probe into the alleged bank fraud of Jane Sanders. “A federal investigation into a land deal led by Jane Sanders, the wife and political adviser of Sen. Bernie Sanders, has accelerated in recent months,” they wrote. But the Big Three Networks (ABC, CBS, and NBC) had no interest in sharing the report that’s highly damaging to the socialist Senator. Instead, they focused on smearing President Trump and Senate Republicans.
Greg Caskey is a 27-year-old Abington, Pennsylvania, native who is a social sciences teacher at Delaware Military Academy. The academy is a thriving charter high school in Wilmington, Delaware, that was founded in 2003 by two retired military officers, Charles Baldwin and Jack Wintermantel.
On Friday's CNN New Day, co-host Chris Cuomo attacked Republicans for being justifiably disturbed by James Comey's revelation on Thursday that former Attorney General Loretta Lynch attempted to interfere in the FBI investigation into Hillary's Clinton's e-mails during the 2016 campaign: "..they say it is really about President Obama's attorney general Loretta Lynch and why she tried to, in their terms, obstruct that investigation. That was their big take away from yesterday and that tells you everything about the political tribalism at play right now."
The Associated Press's descent into an ever more reflexively anti-Donald Trump, anti-conservative outlet which disguises itself as a wire service continues. On Tuesday (apparently updated sometime on Wednesday, based on its current "Yesterday" label), the AP's Marcy Gordon used a shopworn argument that a Republican or conservative who generally supports reducing government regulations and red tape is a hypocrite if he or she ever supports, even tentatively, any form of stronger regulation.
MRC’s director of media analysis and NewsBusters executive editor Tim Graham provided analysis on the Fox Business Network following White House press secretary Sean Spicer’s Thursday briefing, slamming the media for its collusion with the Democratic Party on attacking the Trump administration’s tax proposal as done solely to benefit President Trump.
ABC and NBC on Thursday conveniently ignored the news that Barack Obama will be giving a $400,000 speech to Wall Street investors, the same people he decried as “fat cat bankers” in 2009. Only CBS This Morning covered the New York Times revelation — and only in an 18 second brief that avoided hypocrisy concerns.
It was Nobel laureate economist Milton Friedman who made famous the adage, "There's no such thing as a free lunch." Professor Friedman could have added that there is a difference between something's being free and something's having a zero price. For example, people say that there's free public education and there are free libraries, but public education and libraries cost money. Proof that they have costs is the fact that somebody has to have less of something by giving up tax money so that schools and libraries can be produced and operated. A much more accurate statement is that we have zero-price public education and libraries.
There is little question in most academic research that increases in the minimum wage lead to increases in unemployment. The debatable issue is the magnitude of the increase. An issue not often included in minimum wage debates is the substitution effects of minimum wage increases. The substitution effect might explain why Business for a Fair Minimum Wage, a national network of business owners and executives, argues for higher minimum wages. Let's look at substitution effects in general.
It’s working. President-elect Donald Trump’s talk of lowering corporate tax rates and reducing regulation is already helping the economy, according to New York Stock Exchange (NYSE) Group President Tom Farley. Farley shared his views on the economy and the causes of the recent stock market rally with CNBC’s Squawk Box on Jan. 18. Squawk Box anchors interviewed Farley live from Davos, Switzerland, during the 2017 World Economic Forum meeting.