Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Spending

Highland Park, Michigan, is Teetering on the Brink of Bankruptcy

The final straw for Highland Park, Michigan, may have arrived in the form of a letter from Fifth Third Bank last month announcing it is ending its monthly checks that have provided life support for the city inside of Detroit for the last three years. One of three banks sending checks to the city, Fifth Third said in its letter dated December 12 that it is

Keep Reading…

Birch Society smeared for opposing the Article V convention push

Joe Wolverton is one of the leading lights among the gifted writers and investigative journalists regularly having his articles appear in The New American magazine and its companion website, TheNewAmerican.com.

A constitutionalist attorney who not only writes but speaks around the country for the John Birch Society (the publisher of The New American), Wolverton saw the dangers inherent in efforts by Mark Levin to promote a constitutional convention – a “con-con” – in order to rein in out-of-control government spending. Levin’s book, The Liberty Amendments: Restoring the American Republic, has formed the basis for a movement to call a convention of the states that would be limited in scope to addressing just the issue of spending.

Wolverton disagreed and

Keep Reading…

America’s Economic Freedom Slide Continues, says the Heritage Foundation

The latest Index of Economic Freedom released by the Heritage Foundation and the Wall Street Journal shows just how successful the Bush and Obama administrations have been in their seeming attempts to turn the United States into a third world economy. The index shows

Keep Reading…

Oklahoma Senator Tom Coburn Releases His Annual “Wastebook”

This article was first published by The McAlvany Intelligence Advisor on Friday, December 20th, 2013:

In his press release announcing the publication of his annual “Wastebook” summarizing 100 examples of egregious, wasteful, and outrageous government spending, Oklahoma Senator Tom Coburn tried to make himself appear “holier than thou” by

Keep Reading…

Senator Tom Coburn’s “Holier-than-Thou” release of his 2013 “Wastebook”

In Tuesday’s press release Senator Tom Coburn (R-Okla.) announced the publication of his annual “Wastebook” which highlights Congress’ “most egregious spending” while at the same time distancing himself from the big spenders and earmarkers in Congress who provided fodder for his book:

While politicians in Washington spent much of 2013 complaining about sequestration’s impact on domestic programs and our national defense, we still managed to provide benefits to the Fort Hood shooter, study romance novels, help the State Department buy Facebook fans and even help NASA study Congress…

What’s lacking is the common sense and courage in Washington to make those choices – and passage of fiscally-responsible bills – possible.

Coburn then provided some teasers out of the 100 examples in his Wastebook:

The Popular Romance Project has received nearly $1 million from the National Endowment of the Humanities (NEH) since 2010 to “explore the fascinating, often contradictory origins and influences of popular romance as told in novels, films, comics, advice books, songs and internet fan fiction…

The military has destroyed more than 170 million pounds worth of useable vehicles and other military equipment [in Afghanistan] … rather than sell it or ship it back home…

In January, 2013, Congress passed a bill to provide $60.4 billion for [victims of] Hurricane Sandy. However, instead of rushing aid to the people who need it most, state-level officials … spent [$65 million of it] on tourism-related TV ads…

Since NASA is no longer conducting space flights, they have plenty of time and money to fund … the “Green Ninja” in which a man dressed in a Green Ninja costume teaches children about global warming.

While promoting his book recently on CBS News, Coburn tried to distance himself from any responsibility for such “egregious spending” by asking rhetorically: “Where was the adult in the room when this was going on?” Interviewer Nancy Cordes then asked if any of his previous editions of Wastebook had made any impact or had reduced or eliminated any of the more outrageous examples of waste:

Cordes: Have you ever gotten any traction in Congress, where members say “We’re actually going to get rid of this?”

Coburn: No. They don’t pay attention to it. It’s hard work to get rid of junk, it’s hard work to do oversight, it’s hard word to hold agencies accountable. And so what they would rather do is look good at home, get re-elected, and continue to spend money, and that’s Republican and Democrat alike.

What Cordes failed to ask at that moment would have been the perfect follow-on question:

How does your effort, then, and your voting record, separate you from them? Doesn’t this Wastebook of yours cost a lot of taxpayer money? Isn’t this part of your attempt to look good at home while providing cover for your own votes for some of these projects? Isn’t this part of your attempt to continue to get reelected?

Unfortunately there is no record of Cordes asking, or of Coburn’s response. But in July 2007 when Coburn criticized pork-barrel spending by Nebraska Senator Ben Nelson that would benefit Nelson’s son’s employer with millions of dollars of taxpayer money, newspapers in both Nebraska and Oklahoma noted that Coburn himself failed to criticize similar earmarks that he voted for that benefited his own state of Oklahoma.

In May, 2012 Coburn voted for H.R. 2072, to reauthorize the Export-Import Bank with increased lending limits backed by taxpayer monies from $100 billion to $140 billion. According to analysts assessing his vote, the federal government has no constitutional authority to risk taxpayers’ money “to provide loans the private sector considers too risky to provide.” Those analysts added:

Indeed, U.S. government-backed export financing is a form of corporate welfare, and if the Ex-Im Bank goes bust (as happened to Freddie Mac and Fannie Mae), the taxpayers will get stuck holding the bag.

Perhaps Coburn can be forgiven for not knowing that such wasteful spending is part of a plan to reduce America’s influence in the world, first clearly laid out when Coburn was just 10 years old, in 1958 in Indianapolis, Indiana. At a meeting in December, candy maker Robert Welch spoke for three days to some friends about the direction the country was headed, claiming it was part of a plan to “surrender American sovereignty, piece-by-piece and step-by-step, to various international organizations…”. Part one of that plan was:

Greatly expanded government spending for every conceivable means of getting rid of ever larger sums of American money as wastefully as possible.

Other parts included:

Higher and then much higher taxes…

An increasingly unbalanced budget despite the higher taxes…

Greatly increased socialistic controls over every operation of our economy and every activity of our daily lives. This is to be accompanied naturally and automatically by a correspondingly huge increase in the size of our bureaucracy and in both the cost and reach of our domestic government.

Coburn’s report illustrates the success of that plan to which he himself is contributing. The man has feet of clay. He not only is the author of Wastebook but a contributor to it as well.

 

 

 

 

 

Paul Ryan is a pragmatist after all

This article first appeared at The McAlvany Intelligence Advisor on Friday, December 13th, 2013:

The old saying, “The measure of a man is the size of the thing that gets his goat” certainly applies now to the erstwhile conservative Republican from Wisconsin, Rep. Paul Ryan. Working in closed-door sessions with liberal Democrats over the past two weeks, Ryan has finally revealed the size of his goat:

Keep Reading…

Ryan-Murray debt agreement gives away sequester cuts, sells out tea party conservatives

In announcing the budget agreement hashed out during secret negotiations over the past two weeks, Rep. Paul Ryan (R-Wis.) said:

I’m proud of this agreement. It reduces the deficit without raising taxes. And it cuts spending in a smarter way. It’s a firm step in the right direction…

This was for public consumption. In fact, now that the agreement has passed the House and will likely shortly pass the Senate, it will

Keep Reading…

Walmart opens first two stores in Washington, DC, after wage fight

When Washington, DC’s city council passed an ordinance raising the minimum wage just for Walmart’s employees, Walmart threatened to pull five stores planned for the DC area – three of which were already under construction – in response. But after Mayor Vincent Gray vetoed the measure and the council couldn’t override it, Walmart went ahead with two of them, both of which

Keep Reading…

The IMF threatens a dangerous “wealth tax” proposal

The populist notion of taxing the rich once again turned up in the International Monetary Fund’s “Fiscal Monitor Report” released in October, but scarcely anyone noticed. In an arcane chart-laden 107-page long report that was competing at the time with the government shutdown, the failing rollout of Obamacare, and other concerns, crises and disasters, why would they?

Here’s why.

Keep Reading…

Judge declares Detroit bankrupt, gives OK to cut pensions and burn creditors

In the opening to his hour-long statement to a packed courthouse on Tuesday, federal bankruptcy court Judge Steven Rhodes said:

It is indeed a momentous day. We have here a judicial finding that this once proud and prosperous city can’t pay its debts. It’s insolvent.

It’s eligible for bankruptcy. At the same time it has an opportunity for a fresh start.

He reeled off the list of problems the city is facing:

Keep Reading…

The newly updated GDP – the GO – still won’t capture all of the US economy

Austrian school economist Mark Skousen has labored mightily for a quarter of a century to persuade the Bureau of Economic Analysis (BEA) to publish a better measure of economic activity in the United States, and, beginning in April, the BEA will start publishing the country’s

Keep Reading…

White House Thanksgiving Day reminder: Let’s all be like Lucy

Last Tuesday the White House issued a Thanksgiving Day reminder: “The Supplemental Nutrition Assistance Program (SNAP) helps millions of Americans put food on the table.” Then began a litany of statistics and charts along with explanations of how wonderful SNAP is, even getting in a dig at those selfish “House Republicans [who] would cause nearly 4 million Americans to lose access to SNAP next year.”

Harold Maass, writing at the liberal TheWeek.com blog, explained all the reasons why conservatives hate food stamps:

Keep Reading…

Credit rating agencies downgrade Chicago debt, again

The day after the Illinois state legislature adjourned without dealing with the state’s $100 billion crisis, on Friday, November 8th Fitch Ratings downgraded $8.5 billion of Chicago’s bonds as well as its outlook for future downgrades as “negative.” Said Fitch: “The city has been unsuccessful in its attempts to negotiate a solution with labor unions [or with] the state legislature, which ultimately controls the benefit formulas [of the state’s pension plans].” This is the second downgrade by Fitch since July,

Keep Reading…

NJ’s Governor Christie Spent the Weekend Denying He’s Running for President

This article first appeared at The McAlvany Intelligence Advisor on Monday, November 11th, 2013:

Fresh from his resounding reelection victory for a second term as New Jersey’s governor, Chris Christie spent the weekend being interviewed on four different TV shows denying that he has any interest in running for president in 2016. He probably would have done another one but he ran out of time.

On ABC’s “This Week,” Christie said:

Keep Reading…

NJ Governor Christie Denies Running for President

Newly reelected New Jersey Governor Chris Christie was busy over the weekend explaining that his focus is back on running New Jersey and not worrying about running for president in 2016. For instance, in an interview on ABC’s “This Week” Christie said:

Keep Reading…

S&P Downgrades France’s Debt again, to Third Tier, Halfway to Junk

In its announcement that credit rating agency Standard and Poor’s (S&P) was cutting its rating on France’s debt for the second time in less than two years, the agency minced no words:

Keep Reading…

Mixed Reactions to New Law Reopening Government

Once the 11th-hour vote to avoid the potential default was passed by the Senate and the House and signed into law by President Obama, key players in the game of fiscal chicken just ended began issuing their justifications and frustrations. That game, variously called “political brinkmanship”, a “temporary fix”, “a temporary ceasefire” and “a political achievement for Obama”, does everything the president wanted while

Keep Reading…

Scary Default Scenarios Based on Faulty Treasury Department Release

Within hours of the “brinkmanship” press release by the U.S. Department of the Treasury, major media began to repeat the highly dubious risks outlined by the department without reading carefully exactly what it contained. The headline and opening paragraph were all that the echo chambers needed:

Keep Reading…

Congressional Stalemate Continues, Threatening Partial Government Shutdown

Hoping to put the onus back onto the Senate, the House of Representatives on Friday night passed two amendments to the pending Continuing Resolutions bill: one to repeal the Obamacare tax on medical devices (248-174) and the other to delay implementation of the controversial law for a year (231-192). As they were being passed, Senate Majority Leader Harry Reid remained adamant that

Keep Reading…

Deficit down, national debt up, more taxes needed say two “nonpartisan” groups

Two government reports issued in the last few days show that despite higher tax revenues, thanks to the tax increases signed into law by the president earlier this year, deficits are still sky-high and the national debt continues its inexorable climb into the stratosphere.

Although the deficit for the first eleven months of the 2013 fiscal year was down slightly compared to last year at this time, real progress towards a balanced budget remains elusive. Through August the federal government spent

Keep Reading…

Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.