Friday Top Headlines

by Political Editors: Comey attacks Trump’s integrity, questions his marriage in new book (Fox News)

Trump, Mueller teams prepare to move forward without presidential interview (NBC News)

GOP farm bill boosts federal food stamp work requirements (Washington Examiner)

Balanced Budget Amendment, a month late and $1 trillion short, fails to gain two-thirds majority in the House (The Hill)

Trump to take another look at Trans-Pacific Partnership (The Daily Caller)

Consumer Financial Protection Bureau hacked hundreds of times, risking sensitive U.S. financial data (The Washington Free Beacon)

Trump meets with national security team as Britain joins U.S., France in planning Syria strike (The Washington Times)

President Trump poised to pardon Scooter Libby, Dick Cheney’s former chief of staff (ABC News)

State pension crisis: Funding gap reached a record high of $1.4 trillion in 2016 (Associated Press)

liar-nObama judge OKs lawsuit forcing companies to hire DACA recipients (American Thinker)

Tennessee defunds Planned Parenthood (The Daily Wire)

Trump signs presidential memo to cut red tape for manufacturers (CNS News)

Trump issues executive order demanding review of Postal Service finances (The Washington Times)

Policy: Amazon controversy makes the case for a private-sector Postal Service (The Daily Signal)

Policy: Four actions policymakers can take on welfare reform (The Daily Signal) ~The Patriot Post

https://patriotpost.us/articles/55350-friday-top-headlines

.

Iran’s currency is collapsing under threat of nuke deal being rescinded by Trump, possibility of new sanctions

by Mary Chastain

{ legalinsurrection.com } ~ PressTV, which is affiliated with the Iranian regime, has reported that the government has revealed a plan to change to the Euro… “as its official reporting foreign currency” as the country’s rial continues to plummet. The rial’s problems have caused citizens to rush to the banks to take out US dollars. This week, 60,000 rials could be purchased for just one American dollar. The slump comes at a time when many believe President Trump will scrap the Iranian nuclear deal put into place by President liar-nObama. Trump’s final decision will come in early in May. For the past several months, “Iranians have rushed to buy hard currencies and gold coins in recent months” due to the possibility of America leaving the deal. Other causes include “political feuding” and some have accused traders “of deliberately driving the currency lower with speculative bots.” It’s remained mostly unreported, but if you look on social media, there are still protests against the regime around Iran…  https://legalinsurrection.com/2018/04/irans-weak-rial-causes-restriction-on-foreign-currency-amount-change-to-euro-as-reporting-currency/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+LegalInsurrection+%28Le%C2%B7gal+In%C2%B7sur%C2%B7rec%C2%B7tion%29

VIDEO: https://www.youtube.com/watch?v=BUCitk8VY6Q

.

DOJ Relents, Provides House Intel With Crucial Russia Probe Document

by CHUCK ROSS

{ dailycaller.com } ~ Facing threats of legal action, the Justice Department on Wednesday provided the House Permanent Select Committee on Intelligence… with a two-page document showing the FBI’s basis for opening the Russia counterintelligence investigation during the 2016 presidential campaign. The agency provided the document, known as an Electronic Communication, or EC, after California Rep. Devin Nunes and South Carolina Rep. Trey Gowdy met with Deputy Attorney General Rod Rosenstein. Nunes sent a letter to Rosenstein and FBI Director Christopher Wray April 4, demanding an un-redacted copy of the EC, as well as access to applications for surveillance warrants against President Donald Trump’s former campaign adviser, Carter Page. Nunes set April 11 as the deadline for the document production…  http://dailycaller.com/2018/04/11/justice-department-devin-nunes-russia-probe-document/?utm_medium=email

.

The pretense is over that the Mueller investigation is still about Russian campaign collusion

by William A. Jacobson

{ legalinsurrection.com } ~ There isn’t much of a pretense anymore that the Mueller investigation is about alleged Russian campaign collusion… Maybe it started out about collusion, but it veered off course within a couple of months, when Mueller decided that Paul Manafort needed to be investigated for conduct many years ago having nothing to do with the campaign, or even Russia. Rod Rosenstein created the paperwork in early August 2017 to retroactively expand Mueller’s investigation and justify Mueller conduct that already had taken place. The raid on Trump personal attorney Michael Cohen’s law office by the U.S. Attorney’s office in the Southern District of New York, was at the referral of Mueller, and signed off by Rosenstein. That raid was a frontal assault on Trump’s business and personal history. If reporting is accurate, the records seized concerned not just payments to Stormy Daniels, but also the Access Hollywood tape revealed during the campaign. It’s fair to assume that a wide range of records going beyond those salacious topics were grabbed by the FBI, including Trump’s other personal and business dealings over a long period of time… https://legalinsurrection.com/2018/04/the-pretense-is-over-that-the-mueller-investigation-is-still-about-russian-campaign-collusion/

VIDEO: https://www.youtube.com/watch?v=TPGROJIKLv4

.

Palestinians: License to Kill Americans

by Bassam Tawil

{ gatestoneinstitute.org } ~ Hate speech and incitement make up the core of the Palestinian narrative… For several decades now, the Palestinians have been waging a massive and vicious campaign of incitement against Israel. This campaign has made it impossible for any Arab to even think about the prospects of peace with Israel. Notably, the Palestinian hatred of Israel is not linked to anything Israel does or does not do. Rather, the Palestinian hatred of Israel is based on Israel’s existence. Palestinians hate Israel because they believe that Jews have no right to a sovereign country of their own in the Middle East. Palestinian hate speech against Israel is part of the global landscape: by now, no one even expects anything else from them. A Palestinian mosque preacher calling Jews “descendants of monkeys and pigs” is no story at all — just more of the same. Similarly, a Palestinian maiming or murdering a Jew has become the norm. The day will come — and it is not far away — when reports of Palestinians not inciting against Israel and Jews will be a remarkable one. The day will come when the only story worth reporting is when a Palestinian did not carry out a terrorist attack against a Jew that day… EU and the US should cut off all funding, period. https://www.gatestoneinstitute.org/12147/palestinians-kill-americans

.

VIDEOS Lidblog@optonline.net

UNBELIEVABLE! FBI’s Trump-Haters Strzok & Page Still Have Security Clearance  https://www.youtube.com/watch?v=0O_LFmYk1KQ

France, Britain, Saudi Arabia Reportedly On Board With Syria Strike  https://www.youtube.com/watch?v=gkWlPaWB3L4

Satellite Photos Show Russian Warships Bugging Out Of Syria  https://www.youtube.com/watch?v=Vs4Hu4Hf1YI

Mr. Zuckerberg, You Shouldn’t Lie To Congress: Of Course Facebook Is Biased  https://www.youtube.com/watch?v=x_TXkQnSDvc

Art Laffer: Federal Reserve Should Be Congratulated  https://www.youtube.com/watch?v=sLKUlTtM3w0

Wait A Second! We’re Supposed To Read It?  https://www.youtube.com/watch?v=ahhAdMOP48Y

Maybe One Day mad-Maxine Waters Will Reclaim Her Brain  https://www.youtube.com/watch?v=hpRhVJUH8pw

.

CBO Report Misleads but Still Underscores Debt Crisis

by Louis DeBroux: With the newest Congressional Budget Office report laying out the impact on the deficit of Republican tax reform and the omnibus spending bill, the national debt is once again a national discussion. Yet it can be an infuriating discussion because the topic is riddled with technocratic minutiae, political doublespeak and fiscal sleight of hand.

The CBO predicts the combination of tax cuts and new spending will drive deficits back above the $1 trillion threshold annually for the foreseeable future, and the national debt to 100% of GDP by 2028. The CBO claims tax cuts will “cost” the government $1.3 trillion in revenue.

There are several problems with these claims. First, the CBO is a horrible predictor of economic outcomes; it’s often inaccurate by orders of magnitude. For example, before liar-nObamaCare was passed, the CBO predicted liar-nObamaCare’s cost at $938 billion over the following decade. Just two years later, the CBO had “revised” that number to $1.76 trillion, doubling the projected cost. Likewise, the CBO drastically overestimated the number of Americans who would enroll in liar-nObamaCare (24 million projected, nine million actual). Historically, the CBO has significantly overestimated potential revenues from tax increases and significantly underestimated economic growth (and thus tax receipts) from tax cuts.

But perhaps the biggest problem is the idea that tax cuts “cost” the government money. For that to be true, one must start from the premise that the money rightfully belongs to the government, not those earning it. That is fundamentally wrong.

Of course, the lamentations of Democrats over increasing the deficit ring hollow. They cheered the nearly $10 trillion of new debt under Barack liar-nObama; indeed, they demanded even more spending, not less.

Despite typical Democrat hypocrisy, the rapidly expanding national debt is leading us toward economic catastrophe. First gradually, then suddenly.

Under liar-nObama, America suffered its worst economic recovery since the Great Depression. liar-nObama became the first president to never achieve a single year of 3% GDP growth, averaging just 1.5%. But President Trump’s aggressive agenda to slash regulations and enact pro-growth policies has jump-started the economy, with two 3%+ quarters in his first year. That creates a problem, though. The $10 trillion in debt underliar-nObama was created with essentially 0% interest rates, but as the Trump economy heats up, interest rates rise, so the cost of servicing the national debt rises. The more money taken in taxes to pay interest on the debt, the less for private investment and consumer spending, creating a dampening effect on the economy.

The reality is that the national debt will never be paid off by making the “rich” pay their “fair share,” for several reasons. First, the top 1% pays nearly half of all federal income taxes, and the bottom 50% pay almost nothing. Taxing the most productive people even more is a disincentive for additional work and investment. Why work more if Uncle Sam is going to take half? Second, if government took 100% — every dime — earned by the top 1%, it would fund the government for about six months. After we’ve completely robbed the “rich,” who do we rob next? Third, spending is far outpacing revenue growth.

liar-nObama once told backstabber-John Boehner, “We don’t have a spending problem.” He couldn’t have been more wrong.

The primary drivers of the national debt are entitlement spending and interest on the debt. Entitlement spending is on autopilot, expanding every year despite shrinking “contributions.” The Social Security Trust Fund has been hemorrhaging red ink for years, and the CBO projects it will be bankrupt in 13 years. That will result in either reduced benefits for seniors or high taxes on the working class, either of which would have a devastating effect on the economy. Likewise, the near-term outlook for Medicare and Medicaid is dismal, with tax revenues unable to keep up with spending growth. By 2028, the public debt will total $82,000 per American. So what does this mean for the midterm elections?

Democrats are campaigning on a promise to roll back the tax cuts, which seems bizarre considering the benefits of the tax cuts go disproportionately to the lower and middle class.

As for Republicans, the credit they rightfully deserve for the success of the tax cuts — and the pay raises and bonuses that followed — is somewhat negated by their passage of the massive omnibus bill that, while including from GOP priorities like military spending increases, was held hostage by Democrats until they secured domestic spending increases. That was probably inevitable with the GOP holding such a narrow majority in the Senate, but it still doesn’t sit well with a party whose voters have long demanded some fiscal sanity.

While the vote on a Balanced Budget Amendment this week is little more than an election year gimmick, there is another opportunity for Republicans to energize their base; use the 1974 Impoundment Act to “claw back” some of the spending allocated in the omnibus bill. The advantages of this are that it can be done with a simple majority vote in the House and Senate, it is not subject to a filibuster, and it is automatically fast-tracked in both houses of Congress. It wouldn’t negate all of the wasteful spending of the omnibus, but it would be a good start and would show Republican voters, in what will be an election won by turning out the party base, that Republicans are doing more than paying lip-service to fiscal responsibility.

And it might just give the GOP the edge it needs to once again buck historical trends and avoid a Democrat wave in November. ~The Patriot Post

https://patriotpost.us/articles/55287-cbo-report-misleads-but-still-underscores-debt-crisis

Responses

Your email address will not be published. Required fields are marked *

+