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

Opposition Gearing Up to Colo. Single-payer Healthcare Proposal

This article appeared online at TheNewAmerican.com on Friday, April 15, 2016: 

Mark Twain is alleged to have said that “a lie can travel halfway around the world before truth can get its boots on.” In Colorado Initiative 20 is already on the ballot in November and opposition to it is just getting its boots on.

If passed, it would be the 69th amendment to Colorado’s state constitution and would collect all the state’s healthcare programs — Medicaid, children’s healthcare, and all the other state and federal healthcare programs — under one roof. It would replace ObamaCare with what supporters are calling ColoradoCare. And it would double the state’s budget in its first year.

The language of the ballot initiative question may be enough to kill it:

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The PC Crowd, Economic Ignorance, and the Minimum Wage

This article was published by The McAlvany Intelligence Advisor on Monday, April 4, 2016:  

No political correctness

Nick Adams, the Australian author of Retaking America: Crushing Political Correctness, has arrived on the American scene at precisely the right moment. He has appeared on nearly every major TV and radio show, writes for Townhall.com and Townhall Finance, and serves as a Centennial Institute Policy Fellow at Colorado Christian University. And he was named Honorary Texan in 2013 by Texas Governor Rick Perry.

PC is being used as a hammer to intimidate, emasculate, or otherwise neutralize opposition to any Progressive agenda. Rather than answering legitimate questions or responding to thoughtful objections, the PC crowd instead accuses the questioner of being

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Credit Rating Agencies Finally Reacting to China’s Economic Implosion

This article was published by The McAlvany Intelligence Advisor on Friday, April 12, 2016:  

English: World countries by Standard & Poor's ...

English: World countries by Standard & Poor’s Foreign Rating. Legend: Green – AAA Turquoise – AA Lighter blue – A Darker blue – BBB Purple – BB Red – B : Grey – not rated, (Photo credit: Wikipedia)

First it was Fitch. Late last year it downgraded China’s sovereign debt by two notches, from AAA to A, which, according to its own definition, signals debt that is “more vulnerable to adverse business or economic conditions than is the case for [the two] higher ratings.”

In early March, Moody’s Investors Service got on board, knocking China’s debt rating down by one notch, followed by Standard and Poor’s on Thursday, which kept China’s rating at AA but with a negative outlook.

Translation: something’s coming.

Said S&P:

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Another Keynesian Failure: Brazil

This article was published by The McAlvany Intelligence Advisor on Monday, March 28, 2016:  

John Maynard Keynes Русский: Джон Мейнард Кейн...

John Maynard Keynes

Boiled down to its most crude elements, Keynesianism, according to Antony Mueller at the Mises Institute, is “the economic policy doctrine of growth by spending.” Since 2003, when the current political party in Brazil, first headed up by Lula and now by Dilma Rousseff, came to power, it installed it in spades. For a while it seemed to work: demand for Brazil’s raw materials: oil, iron ore, and agricultural products grew as China (also pursuing the “growth by spending” mantra) also grew.

But the boom, which at one point included Brazil as one of the BRIC (Russia, India, and China) nations that would soon overtake the developed world, went bust.

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Will the South Carolina Primary Spell the End for Jeb Bush?

This article appeared online at TheNewAmerican.com on Wednesday, February 17, 2016:  

In South Carolina, where George H.W. Bush (1988) and George W. Bush (2000) sealed the deal for their presidencies, younger son John Ellis Bush (JEB) is failing and flailing. The average of all polls published by Real Clear Politics shows Bush

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Article I Project Aims to Restore Balance Between Congress, White House

This article appeared online at TheNewAmerican.com on Friday, February 5, 2016:  

Following the three-day National Lawyers Convention in Washington in November sponsored by the Federalist Society, the Article I Project was announced. Designed to restore the balance of powers provided for by the Founders in Article I of the U.S. Constitution, the project was picked up quickly by Representatives Mike Lee (R-Utah) and Jeb Hensarling (R-Texas).

The project is necessary, according to the Federalist Society, because

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As Oil Price Drops, Iraq Faces Existential Threat

This article appeared online at TheNewAmerican.com on Monday, February 1, 2016:  

In Iraq the culture of dependency is so great that the drop in the price of oil threatens the country’s very existence. With every Iraqi dependent upon the government for essentials like sugar, tea, rice and cooking oil, and the government dependent upon oil for more than 90 percent of its budget, the existential threat is real.

In January 2015 the government, headed up by President Fuad Masum and Prime Minister Haider al-Abadi, passed a budget that

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Florida’s Economy Rebounds Thanks to Cuts in Taxes, Spending, Regulations

This article appeared online at TheNewAmerican.com on Wednesday, January 27, 2016:  

Almost immediately upon assuming Florida’s governorship in January, 2011, Rick Scott started cutting. He increased the state’s exemption level for corporate taxes from $25,000 to $50,000. He expanded the state sales tax exemption for manufacturing equipment. In 2013, he approved a three-year total exemption of that sales tax. In 2014, he pushed to raise the corporate tax exemption from $50,000 to $75,000. Last year he signed into law a $400 million cut in vehicle fees. In all, over the past five years he, with the help of a friendly legislature, has cut nearly 50 taxes.

Along the way

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Many Challenges Face Obama’s Gun Control Executive Orders

This article appeared online at TheNewAmerican.com on Wednesday, January 6, 2016:  

Cover of "The Ashes of Waco: An Investiga...

President Obama’s attempts to usurp legislative authority in his executive orders issued on Tuesday are meeting escalating resistance — enough resistance that may, for all intents and purposes, negate his efforts entirely.

Most commentators seized upon the threat to the separation of powers doctrine upon which the Constitution is based, including this author’s article published immediately after the announcement. While valid, likely court challenges aren’t the only obstacle standing in the way of the implementation of those orders.

For one thing, the ATF (the Bureau of Alcohol, Tobacco, Firearms and Explosives) already faces immense difficulties in successfully charging someone with illegally selling firearms without a license. Said Daniel O’Kelly, a retired ATF agent:

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Several Sources Highlight Federal Misspending After “Wastebook” Author Retires

This article appeared online at TheNewAmerican.com on Wednesday, December 2, 2015:  

Official portrait of United States Senator (R-OK).

Former Senator Tom Coburn

Before retiring from Congress as Oklahoma’s junior senator, Tom Coburn issued an invitation to others in office to take up where he left off in bringing to light outrageous federal boondoggles. As the editor of Wastebook, Coburn delighted in exposing preposterous examples of government waste, and using them to embarrass the various agencies responsible.

One of those taking up the cudgel is Oklahoma Senator James Langford, who just issued his first edition of Federal Fumbles,

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Congress Votes to Raid Fed’s Slush Fund to Pay for Highways

This article appeared online at TheNewAmerican.com on Monday, November 23, 2015:  

In its never-ending quest to spend money it doesn’t have, but not wanting to raise taxes, especially during the current election cycle, on Thursday, November 5 Congress passed a $325-billion, six-year transportation bill that is to be financed by selling off some of the country’s strategic petroleum reserves and raiding the Federal Reserve.

In its editorial complaint about the bill, the Washington Post said

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Democrat Strategy to Take Back the Senate: Attack the Koch Brothers

This article appeared online at TheNewAmerican.com on Friday, November 20, 2015:  

Upon learning that the Koch brothers, Charles (shown) and David, and their network of conservative donors, were planning on spending upwards of $750 million over the next two election cycles, Harry Reid, the Senate minority leader and harsh critic of the Kochs, enlisted the help of two hard-left political strategists to respond. David Brock, the founder of Media Matters in 2004 and the super-PAC American Bridge in 2010, joined with Geoff Garin, president of Hart Research Associates, to build a plan for Democrats to take back the Senate in 2016.

Brock investigates strategy via focus groups while Garin

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Recession Indicators: Pick one

This article was published by The McAlvany Intelligence Advisor on Wednesday, November 18, 2015:

As a general rule a recession is two quarters of negative growth (aka decline) in the country’s gross domestic product (GDP). GDP, in simplest terms, is a measure of industrial production, employment, real (inflation-adjusted) income, and wholesale and retail trade.

The trick is knowing when a recession is coming. Even trickier is knowing what to do about it beforehand.

The Bureau of Economic Analysis (BEA) said GDP

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More Signs the Economy Is Slowing

This article appeared online at TheNewAmerican.com on Tuesday, November 17, 2015:  

The latest Empire State Manufacturing Survey issued by the New York Federal Reserve Bank on Monday confirms an increasingly ominous economic trend: The fourth consecutive monthly decline in its index is the longest since early 2009.

Its authors didn’t even try to sugarcoat it:

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Fourth Republican Debate: Feisty, Hilarious, Little Change in Polls

This article appeared online at TheNewAmerican.com on Wednesday, November 11, 2015:  

A more orderly and respectful atmosphere surrounded the fourth Republican debate on Tuesday night, a sharp contrast to last month’s debate where the moderators became the issue. That didn’t mean there were no fireworks, or disagreements, just that the tone was more serious, as the candidates tried to shore up their positions and their poll numbers as they approached the final debate in December.

The topics included questions on

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Republican Debate: Rubio, Cruz, Trump Rocked; CNBC Got Mocked

This article appeared online at TheNewAmerican.com on Thursday, October 29, 2015:

John Harwood, one of the trio of CNBC moderators of the third Republican debate held Wednesday night in Boulder, Colorado, set in motion the evening’s tone and tenor with this condescending question of Donald Trump:

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How the Establishment Does Business in Washington

This article was published at The McAlvany Intelligence Advisor on Wednesday, October 28, 2015: 

English: U.S. President Barack Obama meets wit...

Just a visit between old friends

In Washington, it is said that laws are like sausages: no one wants to know exactly how they are made. Washington, controlled as it has been by the Establishment for decades, makes laws like sausages, keeping everyone in the dark and happy, except the taxpayer.

Just who is this ephemeral, invisible, ever-present establishment? In three minutes, a caller to Rush Limbaugh’s radio show on September 15, nailed it:

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Boehner Cuts Deal With White House; National Debt to Reach $20 Trillion

This article appeared online at TheNewAmerican.com on Tuesday, October 27, 2015:

After working privately over the past several weeks with members of the White House staff, as well as with Nancy Pelosi (D-Calif.), Mitch McConnell (R-Ky.), and Harry Reid (D-Nev.), House Speaker John Boehner succeeded late Monday night in cobbling together a deal that gives everyone in Washington what they want but leaves the bill for the taxpayer. By the time the dust settles, the deal will cause the country’s national debt to reach $20 trillion within the next 18 months, if not sooner.

Doing an end run around usual House procedures, Boehner

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Is Now the Time to Buy Walmart Stock?

This article was published by The McAlvany Intelligence Advisor on Friday, October 16, 2015:  

English: Exterior of a Wal-Mart Supercenter in...

Exterior of a Wal-Mart Supercenter in Madison Heights, Virginia.

Walmart (WMT) hit 90 in early January, and hasn’t come close since. On Tuesday this week it traded at 67, just before the company’s announcement that shook the markets. Following that announcement the stock traded at 60, down 10 percent on the day and 30 percent from January.

Pundits leaped on the news, claiming that

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Federal Deficit at Eight-year Low; Don’t Celebrate Yet

This article appeared online at TheNewAmerican.com on Friday, October 16, 2015:  

On Thursday the Treasury Department announced that the federal deficit for the 2015 fiscal year, which ended September 30, fell to an eight-year low — $439 billion — thanks to tax revenues that grew at a rate faster than government spending. Revenues, according to the department, grew by eight percent over last year while government spending grew by five percent.

Treasury Secretary Jacob Lew celebrated:

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