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Economy

My not-so-hot take on the Illinois tax debacle

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Government cannot spend its way out of trouble. That’s an absolute truth that has been clearly demonstrated time and again, yet we see politicians at every level from local to national continuing to push untenable budgets and asinine tax hikes on the people. The latest example is Illinois and this time it’s more than the usual suspects behind the debacle.

Republican lawmakers jumped ship and backed an override of their own party’s governor’s veto of the latest budget that calls for increased taxes. This lack of backbone has become a calling card for the modern GOP as so many today seem willing to break from the old school ideology of smaller government in order to play along with their liberal counterparts. The fear of government shutdowns, credit failures, and election day repercussions have pushed the GOP away from conservative and Federalist fundamentals.

Instead of giving into the Democratic majority’s demands for more government, these Republicans should have backed their governor’s play. He wasn’t asking for much, just term limits and a handful of other responsible actions included in the extremely liberal and oppressive budget plan. They should have forced further turmoil and continued to offer real solutions instead of backing down from fear of another budget-free fiscal year. That’s the problem with the modern Republican Party. They don’t play within their alleged ideologies. Instead, they’re constantly attempting in vain to mitigate damage both real and political.

In the vast majority of situations, the best solution is to reduce taxes, dramatically cut budgets, and put emphasis on supporting the private sector to solve problems. We the People are more capable than government entities to solve our own problems, but the Democratic-Republicans of modern day America seem bent on convincing us otherwise.

Here’s the biggest problem: it’s working. More Americans are becoming dependent on government rather than being reliant on self-governance. Fewer Americans are attempting to solve problems and are instead spending their time demanding action from politicians. This more than anything else is why the Federalist Party must rise. We’re losing the battle of independence by pushing off our responsibilities to people and entities who have no business participating in finding the right solutions. The indoctrination and propaganda machines of the left have infiltrated many politicians on the right. Today’s Republicans are looking more like mid-90s Democrats than the party that once believed in shrinking government.

Illinois, as with so many Democrat-run states, is crumbling under the weight of its own failed fiscal policies. They don’t need a bailout. They shouldn’t be raising taxes. They need to cut, cut, and cut some more. They need fewer programs, lower taxes, and an elimination of the overreach that has plagued them for decades if they hope to recover. Instead, the Democratic-Republicans are going against their fiscally responsible governor in order to push more of the same tired leftist agenda.

The only real solution is less government and Illinois is a clear example of a state that has proven this to be true by failing miserably with big government. Will they learn the lesson in time? We are actively recruiting a strong leadership team in Illinois to bring the battle to Springfield. Email us at smallgov@thefederalistparty.org if you’re interested.

Christian, husband, father. EIC, NOQ Report. Co-Founder, the Federalist Party. Just a normal guy who will no longer sit around while the country heads in the wrong direction.

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Economy

Will GOP stop Trump’s trade war as the Constitution requires?

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When Donald Trump announced YUGE tariffs on imported solar panels and residential washing machines back in January, he launched a trade war reminiscent of 1800’s protectionism and laid the foundation for higher prices for American consumers, along with the loss of thousands upon thousands of jobs.

Unfazed by historic evidence that such trade wars inevitably lead to economic disaster, Trump proceeded with a second round of attacks on the free market in March by imposing across-the-board tariffs on steel and aluminum, complete with his personal assurance that “trade wars are good, and easy to win.”

While Trump initially suspended steel and aluminum tariffs against the EU, Mexico, and Canada–providers of roughly fifty percent of steel imports to the US–he announced this past Friday that the tariffs are back on. And for good measure, he issued an additional threat to Germany that he would completely ban the import of luxury cars if they chose to retaliate with tariffs of their own against US goods.

As was the case in March, members of the GOP are threatening to prove they actually have a spine, and there are indications that they might do something this time around to stop Trump before it’s too late.

Sen. Pat Toomey (PA)–for the record, that’s a steel state–will be co-sponsoring Sen. Mike Lee’s bill S.177 to end Trump’s abusive practice of using “national security” to impose tariffs and to return tariff authority back to Congress where it Constitutionally belongs.

Other Republicans joining with Toomey and Lee are Sens. Jeff Flake (AZ), Corey Gardner (CO), and Ben Sasse (NE).

Besides the fact that tariffs are simply terrible economic and foreign policy, Trump has used the threat of tariffs against China as leverage for his personal financial gain; essentially extorting money from the Chinese government to finance Trump golf courses and hotels in Indonesia and securing a boatload of trademarks for his and Ivanka’s business interests in China.

If passed, S.177 will give the power to approve or disapprove Trump’s tariffs back to Congress, not to mention that it would save the American people from an economic catastrophe.

The only question is, will Republicans do what required to fulfill their Constitutional duty or will they cave to Trumpism in hopes that it will help them in November? The clock is ticking . . .

Originally posted on The Strident Conservative.

 


David Leach is the owner of The Strident Conservative. His daily radio commentary is distributed by the Salem Radio Network and is heard on stations across America.

Follow the Strident Conservative on Twitter and FacebookSubscribe to receive podcasts of radio commentaries: iTunes | Stitcher | Tune In | RSS

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Economy

Obamanomics damaged the economy, and Trumponomics isn’t fixing it

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While Trump and the GOP want you and me to believe that Trumponomics has singlehandedly saved the US economy by reducing taxes and creating jobs, the reality for those of us living in the real world is quite different.

It was Mark Twain who once said, “There are three kinds of lies: lies, damned lies, and statistics.” When it comes to politicians in an election year, Mr. Twain could have been describing the Washington establishment owned and operated by the Republicans and Democrats.

No doubt you’ve heard the much-ballyhooed news that unemployment has dropped to its lowest level since 2000, coming in at 3.9%. But just as it was when Obama manipulated unemployment numbers to cover his pathetic economic policies, this recent jobs report has been manipulated to hide the truth about our very unhealthy economy.

Unemployment numbers can change for any number of reasons:

  1. People move from the unemployed category into the employed category
  2. The number of employed grows faster than the number of unemployed
  3. You simply add people to the employed category without changing anyone’s status
  4. You simply stop counting people in the unemployed category, making them magically disappear

When we consider that the number of jobs added in April was 164,000 while the number of unemployed dropped by 239,000, we can conclude that reason #4 is how the latest unemployment rate was manipulated to make things look better than they really are. Unemployment went down because the labor-participation rate fell to 62.8 percent after being 63 percent in February and 62.9 percent in March. Three consecutive months of declines.

Quite simply, when you are no longer working or looking for work, the government no longer includes you as a part of the equation to calculate the unemployment report.

Meanwhile, Trumponomics is also creating a slower growth rate than Trump is claiming while his tax cuts and record government spendingdespite the recent rescission cuts—is creating another threat to the US economy, an apocalyptic debt spiral adding trillions to the already unsustainable national debt.

Obamanomics caused a great deal of damage to the US economy, but Trumponomics isn’t doing anything to repair it; in fact, Trump’s plan will likely destroy what’s left of it.


Originally posted on The Strident Conservative.

 

David Leach is the owner of The Strident Conservative. His daily radio commentary is distributed by the Salem Radio Network and is heard on stations across America.

Follow the Strident Conservative on Twitter and Facebook. Subscribe to receive podcasts of radio commentaries: iTunes | Stitcher | Tune In | RSS

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Democrats

Forget lowering unemployment, Bernie Sanders will eliminate it!

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During his 2016 Democrat primary campaign, Bernie Sanders was “absolutely sympathetic” to the idea of a universal basic income; however, he felt that his plans for a $15/hr. minimum wage, expanding Social Security to pay for guaranteed healthcare, and providing free college would do more than creating just another government handout.

But now Bernie has apparently found a way to accomplish his goals as well as the goals of the universal basic income crowd.
Yesterday, we learned that the self-proclaimed Democratic-Socialist is ready to announce a plan that will guarantee every American “who wants or needs one” a lifetime government job paying at least $15/hr. and proving paid family and medical leave plus retirement, health, and vacation benefits.

While the details are still being worked on, Bernie has admitted that he currently has no idea exactly how much his plan will cost or where the money to pay for it will come from. However, if his 2016 campaign is any indication, the cost will be irrelevant, and the money to pay for it will come from “the billionaires and oligarchs” he refers to as the “top one percent of income earners.”

While it would be tempting to shrug off Bernie’s plan as the rantings of a socialist loon living to the left of the left-wing, we should remember how his Marxist beliefs concerning income inequality caught fire with a generation of Constitutionally ignorant voters raised on the socialist ideology taught in today’s public schools indoctrination centers.

And a poll conducted during the 2016 primary season showed that a majority of millennials rejected capitalism.

Democrats would see a huge voter advantage by creating a new state-run workforce dependent upon them for their jobs. And politicians from both parties would have a new voter-bloc to advance their ideological and political agendas.

Bernie’s plan is being called a guaranteed-jobs program, but the only guarantee it gives us is the destruction of capitalism and Constitutional America.


Originally posted on The Strident Conservative.

 

David Leach is the owner of The Strident Conservative. His daily radio commentary is distributed by the Salem Radio Network and is heard on stations across America.

Follow the Strident Conservative on Twitter and Facebook. Subscribe to receive podcasts of radio commentaries: iTunes | Stitcher | Tune In | RSS

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