By Associated Press – Re-Blogged From Newsmax
Dubbing it the “nickel plan,” President Donald Trump announced Wednesday that he’s asking every Cabinet secretary to cut their next-year’s budgets by 5 percent.
Advertisements
Spending
Universal Basic Income For Everyone!
By Gary Christenson – Re-Blogged From Silver Phoenix
Several countries and cities studied and tested a universal basic income (UBI). At first glance it looks like giveaway nonsense:
- Who pays for the giveaways?
- Does the UBI discourage work and self-improvement?
- How much price inflation does it create?
- How much additional unpayable debt will be created by the UBI?
- The UBI should be how large? If $1,000 per month per person is good, is $10,000 per month better? Which bureaucrat defines the size of the benefit?
- Does it apply to everyone? Adults only? Means tested? Only those who voted and paid taxes? Only those in good standing with the “thought police?”
“Printing Money” and Cocaine
By Gary Christenson – Re-Blogged From Deviant Investor
The addictive behaviors of drug addicts are similar to the actions of a modern “Keynesian” economy addicted to “money printing” by central banks and fractional reserve banking.
From Psychology Today on Addiction:
“Addiction is a condition in which a person engages in use of a substance or in a behavior for which the rewarding effects proved a compelling incentive to repeatedly pursue the behavior despite detrimental consequences.”
Ocasio-Cortez Supporters Give Jaw-Dropping Answers When Asked How We’ll Pay For ‘All That Free Stuff’
By Julio Rosas – Re-Blogged From IJR
With congressional candidate and self-proclaimed democratic socialist Alexandria Ocasio-Cortez making big promises to voters, Campus Reform visited the district she’s running in to ask how taxpayers will pay for them.
According to her campaign website, Ocasio-Cortez wants a medicare for all plan, a federal jobs guarantee with a $15 minimum wage and tuition-free public colleges.
War On Americans
By Gary Christenson – Re-Blogged From The Deviant Investor
Wars benefit the political and financial elite. Most wars are on-going, whether they include formal Congressional declaration or military actions. The following wars will continue.
- War on drugs.
- War on poverty.
- War on cash.
- War on reality based statistics.
Why Argentina’s Leader Is in for a Tough 2019
Re-Blogged From Stratfor
Highlights
- Argentina’s request for a standby loan from the International Monetary Fund will force the country to carry out tighter fiscal measures, such as reducing the transfer of funds to the provinces.
- As a result of his decision to negotiate a deal with the IMF, President Mauricio Macri will have a more difficult time gaining congressional support for economic and labor reforms.
- Although divisions persist in Argentina’s political opposition, worsening economic conditions will encourage Macri’s rivals in the next quarter, hurting the president’s chances of winning re-election in 2019.
(EITAN ABRAMOVICH/AFP/Getty Images)
