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: private

Trump, Nieto Agree to Dial Down Rhetoric Over Border Wall

English: CARTAGENA/COLOMBIA, 7 APRIL 2010 - En...

Enrique Peña Nieto

The flurry of tweets following President Trump’s signing of the Border Security and Immigration Enforcement Improvements executive order last Wednesday resulted in the Washington Post describing “a deep rift” between the United States and Mexico, and Mexico’s former Foreign Minister Jorge Castañeda labeling the situation a “crisis” that is “going to last a long time.” On Thursday, Mexican President Enrique Peña Nieto (shown) canceled a face-to-face meeting he was to have with President Trump this Tuesday after Trump suggested it would be better to cancel the meeting if Mexico refused to pay for the border wall Trump promised to build.

The tempest died down immediately after President Trump and Mexican President Peña Nieto had a nice long chat by phone on Friday. Following that call — originally scheduled to for 10 minutes but lasting more than an hour — the White House said

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Apple Supplier Foxconn Negotiating $7 Billion Plant in Pennsylvania

This article appeared online at TheNewAmerican.com on Monday, January 23, 2017:

Speaking at a meeting at company headquarters in Taiwan on Sunday, Foxconn CEO Terry Gou (shown, on left) expanded on his company’s plans to build a $7 billion flat-panel display facility in Pennsylvania. He said the factory could employ between 30,000 and 50,000 people, depending on what kind of deal he could strike with state officials.

Those plans were inadvertently disclosed following a meeting in December between Donald Trump and Softbank CEO Masayoshi Son. A photo revealed a clipboard Son was carrying that clearly said:

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WikiLeaks’ Assange: E-Mail Source Not Russia; Obama Adm. Trying to “Delegitimize” Trump

This article appeared online at TheNewAmerican.com on Tuesday, January 3, 2016:  

WikiLeaks founder Julian Assange told Sean Hannity in an exclusive interview that, contrary to the claims of the Obama administration, Russia was not the source of the tens of thousands of e-mails WikiLeaks released exposing the seamy side of the Hillary Clinton campaign. Assange also said the Obama administration is “trying to delegitimize the [incoming] Trump administration.” The interview took place at the Ecuadorian Embassy in London, where Assange is living. Part one of the interview is set to air Tuesday night on Fox News, but excerpts from the interview were released beforehand.

Hannity asked Assange about the claim that WikiLeaks’ source for the e-mails was Russia:

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There is No “Permanent” Fix for Social Security

This article was published by The McAlvany Intelligence Advisor on Monday, December 12, 2016: 

Social Security Poster: old man

Social Security Poster:

There’s no doubt that Texas Representative Sam Johnson means well. He and his constituents are concerned about their financial futures and about the viability of Social Security as an important part of those futures. So on Thursday he offered his plan “to permanently save Social Security.” He calls it the “Social Security Reform Act.”

The plan doesn’t deserve a close look.

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Texas Congressman Proposes “Permanent” Fix for Social Security

This article appeared online at TheNewAmerican.com on Saturday, December 10, 2016:  

Congressman Sam Johnson (R-Texas), chairman of the House Ways and Means Social Security subcommittee, presented his plan, the “Social Security Reform Act,” on Thursday, which he called “a plan to permanently save Social Security.”

His proposal involves the same solutions often proposed by others trying to keep Social Security from going broke: cutting benefits, raising the retirement age, adding “means” testing, and cutting or eliminating altogether the COLA — Cost of Living Adjustment.

According to Michael Linden, an associate director at the liberal Center for American Progress, the cuts to benefits would be severe — between 11 percent and 35 percent — and they would include those already receiving Social Security benefits. Social Security actuaries who analyzed Johnson’s plan (at his request) came up with different numbers: Cuts would range from 17 percent to 43 percent but over a longer time period and with the same conclusion: everyone in Social Security (with the exception of the lowest-income participants) would take a hit under Johnson’s plan.

Nowhere in Johnson’s plan is any mention of privatizing the program, which is surprising, as it was a topic of discussion during the Republican presidential debates. Rand Paul, Mike Huckabee, Rick Perry, and Ted Cruz all expressed their support for privatizing Social Security as the best way to solve its myriad problems.

Here are some of those problems:

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OPEC Agreement to Limit Production Boosts Crude Price 11 Percent

This article appeared online at TheNewAmerican.com on Thursday, December 1, 2016:

Coat of Arms of Saudi Arabia

Coat of Arms of Saudi Arabia

The global price of crude oil jumped more than 11 percent since OPEC announced on Wednesday its first agreement to limit production by the cartel since 2008. There are many moving parts to the agreement — perhaps too many.

First, the cartel’s de facto leader, Saudi Arabia, has promised to

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Donald Trump Meets Ayn Rand

The Passion of Ayn Rand

This article was published by The McAlvany Intelligence Advisor on Wednesday, November 30, 2016:  

Ayn Rand passed away in 1982 at age 77 when Donald Trump was just 36. But the astounding success of her masterwork, Atlas Shrugged, led to an interview at the Trump Tower on Monday in the form of one of her most avid fans: John Allison.

Allison, a Phi Beta Kappa graduate of the University of North Carolina in 1971, read a copy of it as a young man and it changed his life. There’s an outside possibility that it might change the life of millions of others.

Following graduation he went to work for BB&T Corporation, a small rural bank in North Carolina. By 1989 Allison was the bank’s CEO. By 2010 he had grown the bank from $4.5 billion in assets to

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Clinton Foundation Donations Fall Precipitously After Trump’s Election

This article appeared online at TheNewAmerican.com on Friday, November 25, 2016: 

White House portrait of the Clinton family (un...

Thanks to revelations by Charles Ortel, Peter Schweizer, Dinesh D’Souza, WikiLeaks, and Judicial Watch, the use of the Clinton Foundation by the Clinton family as its own personal piggy bank has been exposed. Donations began dropping off as early as 2014 but they have all but disappeared since Hillary failed to gain the White House.

The “quid-pro-quo” tacit agreements were exposed by the mainstream media with the Washington Post’s revelation in February 2015 that the Clinton Foundation

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The Dumbing Down of America is NOT Complete

This article appeared online at TheNewAmerican.com on Friday, October 28, 2016:  

Rensselaer Polytechnic Institute

YouTube videos of interviews with college students showing their often abysmal ignorance on even basic issues have recently surfaced. One YouTube video, for instance, asks students, “Who won the Civil War?” Those quizzed didn’t know, or they didn’t know there was one, or if it occurred in 1965. Another YouTube video asks students attending George Mason University to identify a photograph of Vice President Joe Biden. None of them could, including one student majoring in political science.

Walter Williams added to the dismay by noting that

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Gallup: Assault Weapons Ban Support at Lowest Level Ever Recorded

This article appeared online at TheNewAmerican.com on Thursday, October 27, 2016:  

English: The Bill of Rights, the first ten ame...

The Bill of Rights, the first ten amendments to the United States Constitution.

Poll results released on Wednesday by Gallup confirm the trend toward the acceptance of the freedom to own guns and support of the Second Amendment. Sixteen years ago 59 percent of those polled favored “a law which would make it illegal to manufacture, sell or possess semi-automatic guns known as assault rifles,” while just 39 percent were opposed. Today those numbers have flipped: Just 36 percent support a ban, while 61 percent of those polled oppose it.

Even those polled who don’t have a gun in their home oppose such a ban. Most surprisingly, however, is that support for such a ban has dropped even among those most likely to support one:

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Mexican Senator Proposes Expanded Gun Rights

This article appeared online at TheNewAmerican.com on Thursday, October 13, 2016:  

On Tuesday, Senator Jorge Luis Preciado, a member of Mexico’s National Action Party (PAN), said he is backing a bill to amend his country’s constitution so that bus drivers, cabbies, truckers, and “other transportation drivers” can carry firearms to protect themselves, their cargo, and their passengers.

He said the constitution’s current provisions need to be expanded:

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Frederic Bastiat Wouldn’t Approve of Social Security

This article was published by The McAlvany Intelligence Advisor on Wednesday, October 12, 2016:  

Frédéric Bastiat

Frédéric Bastiat

Frederic Bastiat was a “classical liberal” who lived briefly in the first half of the 19th century in France. But his legacy, including his development of the fallacy of the broken window through his Parable of the Broken Window continues to resonate today. He is perhaps best known for his definition of “legal plunder”:

But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.

When it was enforced at the point of a pistol by a government bureaucrat, Bastiat opposed it:

I do not dispute [politicians’] right to invent social combinations, to advertise them, to advocate them, and to try them upon themselves, at their own expense and risk. But I do dispute their right to impose these plans upon us by law – by force – and to compel us to pay for them with our taxes.

There’s little doubt, then, that Bastiat would support the philosophy of The Bastiat Society, founded a dozen years ago:

Capitalism is the only economic system to produce widespread peace and prosperity. But if those in the private sector do not understand the intellectual and cultural institutions that make entrepreneurship and peaceful trade possible, what chance do they have to withstand a steady series of attacks from those who desire to bring capitalism and personal freedom to an end?

One of the battles that freedom lost was Social Security. Enacted as part of FDR’s Great Society, it remains a fixture that appears to be immovable. Today the only conversation heard is how to keep it from going bankrupt.

All manner of “fixes” are proposed. Obama’s National Commission on Fiscal Responsibility and Reform came up with ten fixes while The Motley Fool proposed 15:

  1. Cut benefits across the board right now;
  2. Change the COLA;
  3. Raise the earnings cap;
  4. Allow beneficiaries to invest in the stock market;
  5. Do nothing and cut benefits when the [trust fund] is depleted;
  6. Do nothing and enact payroll tax hikes when the [trust fund] is depleted;
  7. Offer a buyout [to the wealthy, removing them from the program];
  8. Link life expectancies to benefit levels;
  9. Means-test [to qualify] for benefits;
  10. Raise the full retirement age;
  11. Use the Estate Tax to cover Social Security [shortfalls];
  12. Freeze the purchasing power of benefits [i.e., eliminate COLA altogether];
  13. Freeze the … benefits on a sliding scale;
  14. Transfer [some] costs to [the] government [now]; and/or
  15. Increase the payroll tax on everyone right now.

Social Security has the peculiar characteristics similar to Bernie Madoff’s Ponzi scheme: eventually it is exposed and it ends in bankruptcy. The difference is that Social Security is enforced by people with guns and badges: everyone must be covered and forced to support everyone else, or else.

No one questions the math: the program’s “trust fund” is slowly being liquidated to cover the annual shortfalls between revenues and benefits. Thanks to the Baby Boomers, the liquidation is increasing more rapidly: those Boomers have developed the nasty habit of living longer, far beyond the original mortality tables predicted back in the mid-1930s. There’s also the declining birth rate, which is reducing the number of new entrants into the system whose taxes are needed to support it.

It’s the ideology: freedom versus force. So-called conservatives want to fix it, as do liberals. Conservatives, when pressed, question the intergenerational conflict that requires young people to contribute to a plan paying benefits to seniors. They question the use of resources: tax and spend now, or save and invest for later. Conservatives even argue over who should control the money. They never question its morality.

Liberals think it’s a proper function of government, going along with the Supreme Court’s decision in Helvering v. Davis that the program is constitutional, the Tenth Amendment notwithstanding.

As economist Herb Stein noted: “If something cannot go on forever, it will stop.” With Social Security it will continue as long as it can be patched up with temporary fixes. Eventually the mathematics and the bond market will end it.

Feds Scanning License Plates of Gun Show Attendees

This article appeared online at TheNewAmerican.com on Tuesday, October 4, 2016:  

English: Houston Gun show at the George R. Bro...

As the Wall Street Journal reported, Immigration and Customs Enforcement (ICE) has has a program in place since 2010 to use license-plate readers to read the license plates of gun show attendees in southern California. The theory was simple: compare those scans to cars crossing the border into Mexico and — voila! — ICE could find potential gun runners who warranted further investigation.

But the ICE didn’t do the scanning.

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Big Taxi Wins Big in Massachusetts

This article appeared online at TheNewAmerican.com on Tuesday, August 23, 2016:  

Sign Taxi Zagreb, Croatia

Massachusetts is now the 35th state to regulate ride-sharing services such as Uber and Lyft, but with a vengeance not seen elsewhere: A portion of a new 20-cent tax per ride will be used to fund improvements for the old taxi cartel.

First, the new tax is not called a “tax” but a “fee.” Second, the tax won’t be charged either to the driver or to his customer, but to the ride-sharing company itself. Third,

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Fully Self-driving Cars by 2021, Says Ford CEO

This article appeared online at TheNewAmerican.com on Thursday, August 18, 2016:  

On Tuesday, during a hectic day of media interviews about the coming revolution being caused by autonomous vehicles (AVs), Ford’s CEO Mark Fields told Wall Street analysts that such vehicles “could have just as significant an impact on society as [Henry] Ford’s moving assembly line did 100 years ago.” He told workers at a Ford plant in Palo Alto, “This is a transformational moment in our industry … it is a transformational moment in our company. We are making people’s lives better by changing the way the world moves.”

He said that his company’s foray begins with e-hailing services such as Uber and Lyft and will expand to the consumer market by 2021 if not sooner.

He’s not alone.

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What Would the Apostle Paul say About the Minimum Wage?

This article was published by The McAlvany Intelligence Advisor on Friday, August 5, 2016: 

One can surmise from his instructions to believers in the church in Thessalonica: “When we were with you, we gave you this rule: Whoever will not work should not be allowed to eat.” What’s less clear is: what if government mandates keep one from working, or keep employers from hiring those willing to work?

St. Paul assumed that people had the freedom to contract out their labor, to sell the one primary thing they possessed: their time and effort in exchange for money. He also assumed that employers, given the opportunity, were free to hire someone who could add value to their businesses.

Minimum wage laws abrogate that essential freedom, with all manner of negative results. One,

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Latest CBO Report “Grim”; Offers No Solutions to National Debt

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

Ida May Fuller, the first recipient

Ida May Fuller, holding the first check from the Social Security Administration

On Tuesday, the Congressional Budget Office (CBO) published its annual report on the country’s long-term budgetary and financial outlook. One need only to see the chart on Page One of the report to see why CBO’s Justin Bogle said the outlook was “grim”: It shows government spending growing so much more quickly than anticipated revenues that annual deficits will likely triple in the next 30 years, if not sooner. Bogle called this scenario unsustainable.

For the first time, the CBO built into its assumptions the projected impact of ObamaCare, the country’s declining birth rate, the explosion of Baby Boomers demanding benefits from Social Security and Medicare over that period, plus Boomers’ increasing life expectancies and the increasing costs of providing them healthcare along the way.

It also assumed that government debt will

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Missouri Lawmakers Pass “Stand Your Ground,” No-permit Concealed Carry

This article appeared online at TheNewAmerican.com on Tuesday, May 17, 2016: 

Image of the Bill of Rights (United States Con...

Image of the Bill of Rights (United States Constitution) cropped to show just the Second Amendment.

Missouri lawmakers passed a bill expanding Second Amendment-protected self-defense rights just as the legislative session was coming to a close last Friday night. The bill is now on Governor Jay Nixon’s desk awaiting his signature.

Once it becomes law, it will allow Missourians to carry concealed, if they care to, without first being forced to apply for permission to do so. The new law also enacts a “stand-your-ground” right allowing citizens to defend themselves against attack in any place where they have a right to be. This would make Missouri the 31st state in the union where those laws (or court precedents) already exist, and the first since 2011 to enact such a law.

The bill passed both state houses with more than enough votes to override a veto if Nixon decides to turn it down.

Missouri is just one more example of pro-Second Amendment victories being enjoyed by citizens across the land as momentum continues to build for such expansions.

Beginning with a concealed-carry law in 2004,

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Texas Contracts to Build Nation’s First State Gold Bullion Depository

This article appeared online at TheNewAmerican.com on Thursday, May 5, 2016:  

The Texas Comptroller’s Office has begun to receive bids from private contractors interested in building the country’s first state gold storage facility, the Texas Bullion Depository (TBD). When Texas Governor Greg Abbott signed into law the bill providing for it last July, he said it was all about saving fees being paid to store the state’s gold in New York banks:

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ObamaCare is Failing, Just as It was Designed to Do

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

Barack Obama signing the Patient Protection an...

Barack Obama signing ObamaCare into law.

Former Senate Majority Leader Harry Reid must be proud. The health insurers behind ObamaCare are losing money and some are considering leaving the monstrosity altogether. Many of the co-ops that sprang up during the rollout have closed their doors, despite receiving millions in government aid.

Harry knew exactly what he was going when he built it. In an interview at “Nevada Week in Review” in 2013, before the rollout, Reid said:

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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.
Copyright © 2021 Bob Adelmann