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The Republican Debt-Circus Charade – The Future of Freedom Foundation

Posted by M. C. on January 21, 2023

How long have we heard Republicans calling for a “balanced-budget amendment”? Decades! But it’s all been idle, hypocritical chatter.

How do we know that? Because Republicans now have the opportunity to require a balanced budget. Yes, right now! They don’t need a constitutional amendment to achieve a balanced budget. All they have to do is insist on enforcement of the debt ceiling. No more new debt. 

https://www.fff.org/2023/01/20/the-republican-debt-circus-charade/

by Jacob G. Hornberger

It seems like just yesterday that the debt-ceiling circus returned to Washington. Actually, it was October 2021, a little over two years ago. That circus was just like all the ones that preceded it. The mainstream press and other acolytes of the welfare-warfare state issued all sorts of dire predictions if the debt ceiling wasn’t raised. As soon as the debt-ceiling was raised, no one advocated cutting government spending to prepare for the next time that the debt ceiling was reached. Everyone knew that as soon as the new debt ceiling was reached, they could do the same thing again.

In other words, for the past two years, it has been business as usual — federal government expenditures exceeding tax revenues by around $1 trillion per year. And everyone knew that within a couple of years, the debt ceiling would be reached again. 

Thus, just like clockwork, it’s déjà vu all over again. In fact, the mainstream press doesn’t even have to write new editorials or op-eds. All they have to do is trot out the ones from 2021 (and before) and use them. No one would be the wiser. Why write new ones when the old ones will work just as well?

But perhaps the most noteworthy thing to notice about the debt-ceiling circus is Republicans. Whenever there is a Republican president, Republicans stay silent about or, even worse, supportive of out-of-control spending and debt. President Trump, for example, added around $8 trillion to the national debt. You could call him the King of Debt. The Republican members of Congress were as quiet as church mice or, even worse, wildly supportive of their big-spender and big-debt leader. 

Now that the debt ceiling has been reached under Democrat president Joe Biden, the Republicans have suddenly discovered their inner secret self of fiscal responsibility. They are demanding that Biden agree to undefined reductions in federal spending as a condition for agreeing to lift the debt ceiling. For his part, Biden says he’s not budging. He’s determined to continue the out-of-control federal spending and debt spree, no matter what.

Let me tell you how this ends. The Republicans will cave. Republicans always cave. This time will be no different. Oh, sure, they might finally get Biden and the Democrats to agree to some minor reduction in spending  — no doubt spread over the next 10 years, but for all practical purposes it will do nothing to prevent the federal government from continuing to hurl America into national bankruptcy. 

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Killing the messenger: Joe Biden’s disturbing hypocrisy on Julian Assange | Salon.com

Posted by M. C. on January 21, 2023

Ben & Jerry’s co-founder: Joe Biden stood up for press freedom as a candidate — but backtracked in the White House

By BEN COHEN

Barack Obama refused to indict Assange because of the “New York Times problem”: If Obama were to indict Assange for publishing truthful information, he’d have to indict the New York Times as well. But Biden has now affirmed Trump’s contention that publishing the truth is a crime.

Has woke Ben woken up?

https://www.salon.com/2023/01/18/the-messenger-joe-bidens-disturbing-hypocrisy-on-julian-assange/

It is time for President Biden to live up to his rhetoric on press freedom.

As a candidate in 2020, Biden released a powerful statement on the importance of press freedom, writing:

Reporters Without Borders tells us that at least 360 people worldwide are currently imprisoned for their work in journalism. We all stand in solidarity with these journalists for, as Thomas Jefferson wrote in 1786, “Our liberty depends on the freedom of the press, and that cannot be limited without being lost.”

Biden left out the fact that one of those imprisoned people is WikiLeaks publisher Julian Assange, and that he is languishing in solitary confinement in a maximum-security prison in London because the U.S. government wants to make an example of him.

Assange was indicted by the Trump administration in an aggressive, precedent-shattering move that was widely condemned by journalists and human rights groups. President Biden and Attorney General Merrick Garland have had almost two years to do the right thing and drop this dangerous prosecution.

They have failed to deliver.

Instead, the Biden administration continues to lecture the world about press freedom and disinformation. Biden and his allies rightly chastise authoritarian regimes for censoring the press, cracking down on dissent and even criminalizing publishing the truth. Reporters Without Borders condemns violations of press freedom in places like Iran, China and Myanmar. But they also note that press freedom violations are not unique to such regimes. They condemn the persecution of Nobel Peace Prize winner Maria Ressa in the Philippines, and they lead a coalition of 16 journalism advocacy groups calling on the British government to free Assange.

These reports underscore the importance of a free and independent press that can expose wrongdoing, inform the public of uncomfortable realities and push back on government propaganda. In other words, a free press protects our access to the truth when the government deceives us.

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TGIF: The Economic Way of Thinking Can Save Lives | The Libertarian Institute

Posted by M. C. on January 20, 2023

Any good introduction to the economic way of thinking will introduce readers to concepts like opportunity cost, the unseen, sunk costs, the margin, and tradeoffs. Most people seem to intuit some of these in their own lives. But they fail to do so when it comes to society as a whole. They are encouraged by politicians and pundits to think that common sense in private life does not apply to the big picture.

https://libertarianinstitute.org/articles/tgif-thinking-save-lives/

by Sheldon Richman

sowell

The Cambridge economist Joan Robinson (1903-1983) wisely said, “The purpose of studying economics is not to acquire a set of readymade answers to economic questions, but to learn how to avoid being deceived by economists.”

Excellent point, though I would both broaden and narrow her category of suspects. I would include most politicians, bureaucrats, pundits, and social-science and humanities professors in the suspect group. And I would exclude the economists — spoiler alert: primarily those of the Austrian school, although others stand out — who paint a much more realistic picture of the world than the others do.

For the record, Robinson was sympathetic to John Maynard Keynes and, later in life, communist China’s Mao Zedong, and North Korea’s Kim Il Sung. Obviously, her study of economics did not teach her how to avoid being deceived by all who represented themselves as economists. (I heard once that Che Guevera became head of Cuba’s national bank in 1959 because when Fidel Castro asked his cadre, “Who here is a good economist?” Guevara, thinking he heard, “Who here is a good communist?” raised his hand. But that’s apparently apocryphal.)

At any rate, mankind would have been spared a good deal of misery had people learned at an early age to engage in the economic way of thinking. If I were to sum it up in a short phrase, I would say: in a world in which the law of identity, causality, and scarcity rule, you can’t do just one thing. Human action has consequences. This apparently is also the first law of ecology, but oddly, environmentalists (as opposed to humanists) seem ignorant of it.

The point is that all human action has rippling consequences across society and across time. The economist who called his textbook The Economic Way of Thinking, the late Paul Heyne, wrote, “All social phenomena emerge from the choices of individuals in response to expected benefits and costs to themselves.” (Happily, Peter J. Boettke and David L. Prychitko keep updating the book. It’s in its 10th edition.)

Heyne’s maxim applies to the choices of politicians and bureaucrats also. So before proposing or endorsing a government policy, one ought to wonder about the social phenomena that are likely to emerge from it. Economics is an indispensable tool in this respect.

Henry Hazlitt’s classic, Economics in One Less, is a great way to get started. Hazlitt wrote, “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.” Hazlitt’s book elaborated an important message of his intellectual ancestor, Frédéric Bastiat, the 19th-century French laissez-faire liberal, in the classic essay “That Which Is Seen and That Which Is Unseen.”

Individuals who adopt this way of thinking are better equipped to judge the promises of politicians, etc. who support taxes, minimum-wage laws, rent control, general wage-and-price controls, and the rest of the program of political authority over contractual freedom and other peaceful conduct. Even well-intended regulations will have unintended bad secondary consequences. Good intentions are never enough.

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They Never Learn — Biden Administration Wants To Bring Back Masks On Flights!

Posted by M. C. on January 20, 2023

https://rumble.com/v2660mo-they-never-learn-biden-administration-wants-to-bring-back-masks-on-flights.html

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Will a Crackdown Finally Win the War on Drugs? – The Future of Freedom Foundation

Posted by M. C. on January 20, 2023

There is also asset forfeiture, which enables the DEA and state law-enforcement personnel to steal cash from people, especially blacks,

There are also the no-knock raids on people, especially blacks, in the middle of the night. 

The universal solution to failed government programs-More $$$

https://www.fff.org/2023/01/18/will-a-crackdown-finally-win-the-war-on-drugs/

by Jacob G. Hornberger

Among the federal government’s biggest failures is the war on drugs. Despite decades of warfare, the federal government is still a long way from declaring victory. In fact, it’s quite the opposite. Today, the federal government is still fiercely waging the drug war, trying as hard as it can to win.

Throughout the decades, drug warriors have lamented that federal officials just haven’t really been serious about winning the drug war. If only they would really “crack down,” the drug war would finally be won.

But what the drug warriors fail to acknowledge is that over the decades of drug warfare, federal officials have cracked down. For example, there have been the mandatory-minimum sentences, where they sent drug users, possessors, and distributors, especially blacks, to jail for inordinately long periods of time. The idea was that if enough people got locked away for much of their lives, people would be dissuaded from violating drug laws. Then the drug war would be over.

There is also asset forfeiture, which enables the DEA and state law-enforcement personnel to steal cash from people, especially blacks, who are traveling down the highway. They don’t even need to charge them with a drug offense. They just take their money from them. The idea is that if someone, especially a black, is carrying a large sum of money, it has to be from drug dealing. So, asset forfeiture was supposed to discourage people from selling drugs. Then, the drug war would be over.

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US May Help Ukraine Launch An Offensive On Crimea

Posted by M. C. on January 20, 2023

def: Help, Your money and Your children’s lives

Caitlin Johnstone

https://open.substack.com/pub/caitlinjohnstone/p/us-may-help-ukraine-launch-an-offensive?utm_source=share&utm_medium=android

In a new article titled “U.S. Warms to Helping Ukraine Target Crimea,” the New York Times reports that the Biden administration now believes Kyiv may need to launch an offensive on the territory that Moscow has considered a part of the Russian Federation since 2014, “even if such a move increases the risk of escalation.”

Citing unnamed US officials, The New York Times says “the Biden administration does not think that Ukraine can take Crimea militarily,” but that “Russia needs to believe that Crimea is at risk, in part to strengthen Ukraine’s position in any future negotiations.”

It’s hard to imagine a full-scale assault on geostrategically crucial territory long considered a part of the Russian homeland not causing a major escalation. And as Antiwar’s Dave DeCamp notes, smaller attacks on Crimea have indeed seen significant escalations from Moscow, contrary to claims laid out in the NYT article:

The New York Times report quoted Dara Massicot, a researcher from the RAND Corporation, who claimed that “Crimea has already been hit many times without a massive escalation from the Kremlin.” But Massicot’s claim is false as Russia began launching missile strikes on vital Ukrainian infrastructure in response to the October truck bombing of the Crimean Bridge.

Before the bridge bombing, Russia didn’t launch large-scale attacks on infrastructure in Ukraine, but now such bombardments have become routine, and millions of Ukrainians are struggling to power and heat their homes.

Antiwar.com @Antiwarcom

NYT: US Considering Helping Ukraine Strike Crimea The Biden administration is considering supporting such attacks even if it risks major escalation by Dave DeCamp @DecampDave #Crimea #Ukraine #Russia #NATO #UkraineRussianWar #RussiaUkraineWar #UkraineNews news.antiwar.com/2023/01/18/nyt…

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1:12 AM ∙ Jan 19, 2023


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It’s been widely accepted among foreign policy analysts that Crimea is among the reddest of all of Russia’s red lines in this standoff. Back in October, Responsible Statecraft’s Anatol Lieven discussed the difference in Russia’s perspective between Crimea and every other territory that Ukraine lays claim to in an assessment of the possibility of this conflict leading to nuclear war:

If Ukraine wins more victories and recovers the territories that Russia has occupied since February, Putin will in my view probably be forced to resign, but Russia would likely not use nuclear weapons. If however Ukraine goes on to try to reconquer Crimea, which the overwhelming majority of Russians regard as simply Russian territory, the chances of an escalation to nuclear war become extremely high.

Decamp writes that “The lessening concern about Putin resorting to nukes appears to be based only on the fact that he hasn’t used any up to this point.” But this is as logical as believing that it is safe and wise to jump even harder on the sleeping bear you’ve been jumping on just because the bear hasn’t woken up yet.

The assumption that because a disaster has not happened in the past it will not happen in the future is a type of fallacious reasoning known as normalcy bias.

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The World’s Smallest Political Quiz

Posted by M. C. on January 20, 2023

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The FBI and Personal Liberty – LewRockwell

Posted by M. C. on January 19, 2023

The FBI admission that it uses the CIA and the NSA to spy for it came in the form of a 906-page FBI rulebook written during the Trump administration, disseminated to federal agents in 2021 and made known to Congress last week.

Needless to say, the CIA and the NSA cannot be pleased. The CIA charter prohibits its employees from engaging in domestic surveillance and law enforcement. Yet, we know the CIA is present physically or virtually in all of the 50 U.S. statehouses.

https://www.lewrockwell.com/2023/01/andrew-p-napolitano/the-fbi-and-personal-liberty/

By Andrew P. Napolitano

Among the lesser-known holes in the Constitution cut by the Patriot Act of 2001 was the destruction of the “wall” between federal law enforcement and federal spies. The wall was erected in the Foreign Intelligence Surveillance Act of 1978, which statutorily limited all federal domestic spying to that which was authorized by the Foreign Intelligence Surveillance Court.

The wall was intended to prevent law enforcement from accessing and using data gathered by America’s domestic spying agencies.

Those of us who monitor the government’s destruction of personal liberties have been warning for a generation that government spying is rampant in the U.S., and the feds regularly engage in it as part of law enforcement’s well-known antipathy to the Fourth Amendment. Last week, the FBI admitted as much.

Here is the backstory.

After President Richard Nixon resigned the presidency, Congress investigated his abuse of the FBI and CIA as domestic spying agencies. Some of the spying was on political dissenters and some on political opponents. None of it was lawful.

What is lawful spying? The modern Supreme Court has made it clear that domestic spying is a “search” and the acquisition of data from a search is a “seizure” within the meaning of the Fourth Amendment. That amendment requires a warrant issued by a judge based on probable cause of crime presented under oath to the judge for a search or seizure to be lawful. The amendment also requires that all search warrants specifically describe the place to be searched and the person or thing to be seized.

The language in the Fourth Amendment is the most precise in the Constitution because of the colonial disgust with British general warrants. A general warrant was issued to British agents by a secret court in London. General warrants did not require probable cause, only “governmental needs.” That, of course, was no standard whatsoever, as whatever the government wants it will claim that it needs.

General warrants, as well, did not specify what was to be searched or seized. Rather, they authorized government agents to search wherever they wished and to seize whatever they found; stated differently, to engage in fishing expeditions.

When Congress learned of Nixon’s excesses, it enacted FISA, which required that all domestic spying be authorized by the new and secret FISA Court. Congress then lowered the probable cause of crime standard for the FISA Court to probable cause of being a foreign agent, and it permitted the FISA Court to issue general warrants.

How can Congress, which is itself a creature of the Constitution, change standards established by the Constitution? Answer: It cannot legally or constitutionally do so. But it did so nevertheless.

Yet, the FISA compromise that was engineered in order to attract congressional votes was the wall. The wall consisted of regulatory language reflecting that whatever data was acquired from surveillance conducted pursuant to a FISA warrant could not be shared with law enforcement.

So, if a janitor in the Russian embassy was really a KGB agent who was distributing illegal drugs as lures to get Americans to spy for him, and all this was learned via a FISA warrant that authorized listening to phone calls from the embassy, the telephonic evidence of his drug dealing could not be given to the FBI.

The purpose of the wall was not to protect foreign agents from domestic criminal prosecutions; it was to prevent American law enforcement from violating personal privacy by spying on Americans without search warrants.

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Hands Off My Income | The Libertarian Institute

Posted by M. C. on January 19, 2023

Instead, most of Americans’ tax money is spent on welfare, grants, subsidies, vouchers, transfer payments, unconstitutional agencies and programs, foreign aid, hundreds of foreign military bases and tens of thousands of U.S. troops all over the globe, and offensive military intervention.

Taxes are not the price we pay for a civilized society, as is engraved on the exterior of the Internal Revenue Service building in Washington, D.C. Rather, taxes are the price we pay for the welfare/warfare state.

https://libertarianinstitute.org/articles/hands-off-my-income/

hands-off-my-income/

by Laurence Vance

pexels nataliya vaitkevich 6863244

House Democrats finally obtained former president Donald Trump’s tax returns and promptly released them to the public. No one should have his tax returns released: not presidents, not politicians, not celebrities, not sports figures, not cab drivers.

Released was nearly 6,000 pages of six years of individual and business income tax returns for the years 2015 through 2020. The returns show that Trump paid $750 in federal taxes in 2017, $0 in 2020, and had negative adjusted gross income in four of the six years. His highest year for charitable giving was 2017, when he donated $1.8 million.

But regardless of how “little” Trump may have paid in federal income tax, he neither wrote the tax code nor prepared his tax returns. His accountants merely did for him what they did for other rich businessmen. If there are loopholes, deductions, and credits that Trump’s accountants took advantage of, then good for them. As Supreme Court Justice Learned Hand wrote in the Helvering v. Gregory (1935) case: “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.”

Democrats took the opportunity to blast “the rich” for using the tax code to their advantage: “Trump’s returns likely look similar to those of many other wealthy tax cheats—hundreds of partnership interests, highly-questionable deductions, and debts that can be shifted around to wipe out tax liabilities,” said Senate Finance Chair Ron Wyden.

But who actually pays the majority of income taxes in this country?

According to the latest figures released by the Internal Revenue Service (IRS), as reported by the Tax Foundation:

The bottom 50 percent of taxpayers (taxpayers with AGI below $44,269) faced an average income tax rate of 3.5 percent.

The top 1 percent of taxpayers (AGI of $546,434 and above) paid the highest effective income tax rate of 25.6 percent — more than seven times the rate faced by the bottom 50 percent of taxpayers.

In 2019, the bottom 50 percent of taxpayers (taxpayers with AGI below $44,269) earned 11.5 percent of total AGI and paid 3.1 percent ($48.4 billion) of all federal individual income taxes.

The top 1 percent (taxpayers with AGI of $546,434 and above) earned 20.1 percent of total AGI in 2019 and paid 38.8 percent of all federal income taxes.

In 2019, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid $612 billion in income taxes while the bottom 90 percent paid $461 billion in income taxes.

But this is not the whole picture. The IRS dataset excludes the refundable portion of tax credits. Not only do “the poor” pay little or no federal income taxes, they receive “refunds” of tax money that they never paid in via refundable tax credits like the Earned Income Tax Credit that can give them over $6,000 each year.

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Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos

Posted by M. C. on January 19, 2023

Tyler Durden's Photo

BY TYLER DURDEN

https://www.zerohedge.com/energy/poszar-was-right-saudis-admit-non-dollar-oil-trade-plans-davos

Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, effectively pegging oil to gold and launching Petrogold.

Then, China’s President Xi visit with Saudi and GCC leaders marked the birth of the petroyuan and a leap in China’s growing encumbrance of OPEC+’s oil and gas reserves: that’s because with the China-GCC Summit, “China can now claim to have built a ‘special relationship’ not only with the ‘+’ sign in OPEC+ (Russia), but with Iran and all of OPEC+.”

At the time, Zoltan urged the reader to think of the timing of this statement in a diplomatic sense:

“President Xi communicated his message on “renminbi invoicing” not during the first day of his visit – when he met only the Saudi leadership – but during the second day of his visit – when he met the leadership of all the GCC countries – to signal the following:

GCC oil flowing East + renminbi invoicing = the dawn of the petroyuan.

And now, according to Bloomberg, Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister.

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