Archive for the ‘Elizabeth Warren’ Category

ICON LECTURE WILL TAKE ON PROGRESSIVE AGENDA ROADMAP – MARCH 17, 2020, CHAPEL HILL, NC

Friday, March 6th, 2020

 

ICON Lecture will take on ‘progressive agenda roadmap’

By A.P. Dillon   March 5, 2020
For those interested in hearing more, Michel’s ICON Lecture will take place on March 17. For more information and to purchase tickets, visit www.iconlectureseries.com/.

CHAPEL HILL — A lecture on government spending, which highlights the high cost of progressive programs, will be taking place next month as part of the ICON Lecture series.

Adam Michel, a senior policy analyst on tax and debt with the Heritage Foundation, will be giving a talk titled “The progressive roadmap to soak the middle class.”

The Heritage Foundation is a conservative D.C. think tank that advocates for limited government, free-market economics and expanded individual opportunity.

The lecture comes along just as socialist Vermont Sen. Bernie Sanders has gained steam towards becoming the Democratic Party’s nominee

“The progressive agenda, as it is articulated by any of the prominent Democrats and some on the left — taken in whole or in segments — is an incredible departure from fiscal sanity,” Michel told NSJ.

“It is arithmetically impossible to fund the progressive agenda with taxes on the rich alone,” said Michel.

Sanders’ recent publication of a fact sheet on how he plans to fund his agenda items is largely a list of steep tax increases. Michel saw this coming and warns that taxes on the rich will not be nearly enough to pay for Sanders’ wish list.

“If you were to confiscate every dollar earned by every taxpayer with incomes over $200,000 a year, you would only pay for about half of what is being promised by the progressive, left agenda,” said Michel.

Michel warns that if corrective actions aren’t taken, government expenditures will require much larger tax increases on middle-class Americans and even higher taxes on a much larger number of taxpayers.

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DEMOCRATS – THE INCOMPETENCE PARTY

Monday, February 17th, 2020

 

THE WALL STREET JOURNAL

The Incompetence Party

The Democrats’ biggest problem isn’t Bernie Sanders. It’s that many voters doubt the party’s ability to govern anymore.

 
By Daniel Henninger  February 12, 2020
 

Now that Bernie Sanders—once an obscure socialist senator from Vermont—is officially the front-runner for the Democratic presidential nomination, it is time to confront what that means.

It does not mean the U.S. is flirting with socialism. That’s not going to happen. The meaning of Bernie’s ascent is that the Democratic Party, older even than he is, has simply run out of gas.

The Democrats resemble Europe’s aging political parties—Britain’s Labour, France’s Socialists, Germany’s Social Democrats and Christian Democrats. All have simply deflated with voters.

Signs of public fatigue with the Democrats could be seen in Iowa and New Hampshire.

Besides incompetence, the big story out of Iowa was low turnout. In New Hampshire the story was voter indecision. Once past Bernie’s 25% cement-block base, many voters were flipping a coin in the voting booth to pick from the other candidates.

What does it mean that Elizabeth Warren, by now a household name, got dropped to fourth place? Joe Biden’s humiliating fifth is a personal disaster, but what does that say about the party itself?

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THE AGONY OF THE DEMOCRATS

Saturday, February 15th, 2020

 

Far Left Liberalism has itself to blame for  being the cause of the appeal of Bernie Sanders.  The Democrat Party now has to contend with the possibility of Bernie being their nominee.  Guess they really didn’t mean for the voters to take their extreme far left policies seriously !   Nancy  

THE WALL STREET JOURNAL

The Agony of the Democrats

Bernie Sanders is riding the intellectual currents that the party and its elites have nurtured.

By the Editorial Board   February 15, 2020

Bernie Sanders’s victory in New Hampshire on top of his tie in Iowa makes him a favorite for the Democratic presidential nomination. Hard to believe, but in a winnable race against President Trump the opposition may nominate a socialist who wants the government to control energy production and health care, who wants nationwide rent control, and who calls America a “racist society from top to bottom.” No wonder Democrats like James Carville are in agony.

The Vermont revolutionary’s victory portends a long primary battle, unless Democratic voters elevate a single mainstream candidate who can challenge him. Mr. Sanders will get his 25% to 30% primary after primary, racking up delegates on his way to the convention. If other candidates keep dividing the other votes, he will be hard to stop, as Mr. Trump was for Republicans in 2016. Even if a single alternative emerges, Mr. Sanders won’t go down without a ferocious intra-party fight.

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How did this happen? How did Mr. Sanders move from the socialist fringe to the brink of controlling the Democratic Party? The Senator’s dogged persistence across decades and especially the last four years is part of the explanation.

Yet Mr. Sanders wouldn’t be this close to the White House if not for the complicity of Democrats and the liberals who dominate the academy and media. Rather than fighting the ideas that animate him and his millennial voters, they have indulged and promoted them. They created the political environment in which he could prosper. Consider the intellectual currents he is riding:

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BIG GOP WIN IN TEXAS !

Friday, January 31st, 2020

 

Here’s a win for the good guys !!!  Bodes very well for November’s  election
Nancy  Trump 2020 !

 

THE WALL STREET JOURNAL

Texas Is About to Go Blue! Never Mind

Democrats were sure they’d flip a state House seat this week. They weren’t close.

by Karl Rove  January 30, 2020

While many Americans were focused on Washington this week, I was paying special attention to Fort Bend County, Texas. What took place in that Houston suburb may reveal more about the 2020 election than the impeachment trial in the Senate does.

Fort Bend held a special runoff election to fill a vacant state House seat left open by the resignation of the Republican incumbent, who took a job with the University of Texas. Sensing an opening, state and national Democrats decided a win in House District 28 would give them a head start on flipping the nine seats they’d need to control the Texas House and boost their efforts to overturn GOP state legislative majorities from Arizona to Florida, Wisconsin to Pennsylvania and a dozen states in between.

The reason for this intense Democratic interest in state politics is redistricting.Democrats saw how Republican state legislative majorities affected the composition of the U.S. House after the 2010 census. Democrats want to do in more states what they did back then in drawing congressional lines favorable to their party in California, Illinois, Maryland and other blue bastions. The 2020 census gives them the opportunity, but only if they control at least one chamber of a state’s legislature.

Democrats, eager to set the tone for 2020, piled into the race with money, endorsements, technology, lists and volunteers to help Elizabeth Markowitz defeat her Republican opponent. Joe Biden, Elizabeth Warren and Mike Bloomberg all endorsed Ms. Markowitz. Mr. Bloomberg even carved out time from his presidential campaign to go door-to-door with her. Former presidential candidates Julián Castro and Robert Francis O’Rourke also canvassed neighborhoods, Mr. O’Rourke so frequently that it looked as if he was trying to establish residency.

Calling the race “the most important election (yet) in 2020,” the former El Paso congressman said a victory could help turn Texas blue and “build momentum” in the state for the eventual Democratic presidential nominee.

The Democratic Legislative Campaign Committee echoed Mr. O’Rourke’s enthusiasm, saying that flipping the district would be “earth-shattering.” The Texas House Democratic Campaign Committee called the race “a dead heat” in the campaign’s final week.

Former Attorney General Eric Holder, chairman of the National Democratic Redistricting Committee, said if Ms. Markowitz was elected, she’d be “a key voice in fixing our broken political system.” His praise was accompanied by $50,000 in contributions, part of the nearly $1.3 million from national and state Democratic groups. More than 70% of Ms. Markowitz’s contributors were from outside Texas, and more than 94% from outside her district, according to Texas Ethics Commission campaign reports.

All these hopes of a Democratic victory were shattered Tuesday. In the biggest turnout in history for a Texas House special runoff, Republican Gary Gates walloped Ms. Markowitz 58% to 42%. His 16-point margin of victory was more than twice the Republican incumbent’s in 2018 and larger than the district margins for President Trump in 2016 (10 points) and Sen. Ted Cruz in 2018 (three).

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WARREN’S BANANA REPUBLIC

Thursday, January 23rd, 2020

 

This woman is definitely a danger to our liberties.  Nancy
THE WALL STREET JOURNAL

Warren’s Banana Republic

She promises to investigate Trump officials after she wins.

Editorial Board   January 23, 2020

Think the fog of partisan Trump investigations will lift once the President leaves office, either in 2021 or 2025? Not if Elizabeth Warren has anything to say about it. With the Iowa caucuses approaching and her campaign fortunes flagging, Senator Warren now says that as President she’d launch an open-ended criminal investigation into her predecessor and anyone who worked for him.

Ms. Warren’s latest “anti-corruption” plan says she would create “a Justice Department Task Force to investigate corruption during the Trump administration and to hold government officials accountable for illegal activity.” She would order Justice to look for violations of “federal bribery laws, insider trading laws, and other anti-corruption and public integrity laws” as well as immigration-enforcement offenses.

“This will be no ordinary transition between administrations,” the document says ominously. Team Warren won’t be satisfied with taking control of the executive branch in an election. They also want scalps of choice ex-officials. The plan links to news articles about Commerce Secretary Wilbur Ross, White House Adviser KellyanneCon way and Secretary of Housing and Urban Development Ben Carson.

If there is evidence of a crime by a former Administration official, it should be investigated through the normal channels. Ms. Warren is proposing something different: A law-enforcement task force dedicated to searching for wrongdoing only by political opponents. This would be familiar in Latin American dictatorships where the party that loses an election may be jailed as retribution.

Pundits said Mr. Trump’s 2016 campaign threat to investigate Hillary Clinton for her email mismanagement was a chilling breach of democratic norms. We opposed such an investigation but at least the alleged misconduct was limited to specific conduct by one official, whereas Ms. Warren wants investigations of all Republican officials for any political offenses.

Despite all the apocalyptic think-pieces and high-minded books, America has not become an “autocracy” three years into Donald Trump’s Presidency. The opposition party won the House in the midterms, proceeded to impeach the President, and its leading candidates are ahead in the head-to-head 2020 presidential election polls.

Yet in polarized times the temptation to criminalize political differences is stronger than ever. It will be especially strong for Democrats once they are back in control of the Justice Department. Down Senator Warren’s road lies a real threat to liberty.

 

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ELIZABETH WARREN HAS A PLAN, OH MY !

Monday, December 30th, 2019

 

“Oh My” is right !!!  Nancy
THE WALL STREET JOURNAL

Elizabeth Warren Has a Plan, Oh My

She may not win the nomination, but her ideas show where the American left wants to go

By the Editorial Board,   December 27, 2019

She’s the candidate with a plan for everything: That’s Elizabeth Warren’s brand. But even that sells her ambitions short, as we discovered after a tour of her 60-some policy papers. Ms. Warren is proposing a transformation of American government, business and life that exceeds what the socialist dreamers of a century ago imagined.

Her standing in the polls has fallen after missteps over Medicare, but she is still in the top candidate tier. Her ideas deserve to be taken seriously because they show where the American left wants to go:

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• Wealth tax: Tax net worth over $50 million at 2% a year, and 6% above $1 billion. To prevent the rich from yachting off, add a 40% “exit tax” on assets over $50 million upon renouncing U.S. citizenship. Estimated revenue: $3.75 trillion over a decade from 75,000 households. Most economists, including many Democrats, call that number a fantasy. Courts might also find the tax unconstitutional.

• Medicare for All tax:Charge companies with at least 50 workers an “Employer Medicare Contribution,” equal to 98% of their recent outlays on health care, while adjusting for inflation and changes in staff size. These varying fees “would be gradually shifted to converge at the average health care cost-per-employee nationally.” Estimated revenue: $8.8 trillion over a decade. If receipts fall short, add a “supplemental” tax on “big companies with extremely high executive compensation and stock buyback rates.”

• Global corporate tax: Raise the top business rate to 35%. Apply this as a world-wide minimum on overseas earnings by U.S. companies. Businesses would “pay the difference between the minimum tax and the rate in the countries where they book their profits.” Apply a similar minimum tax to foreign companies, prorated by the share of their sales made in the U.S. Estimated revenue: $1.65 trillion over a decade.

• Corporate surtax: Tax profit over $100 million at a new 7% rate, without exemptions. This would go atop the regular corporate rate. Estimated revenue: $1 trillion over a decade from 1,200 public companies.

• Slower expensing: “Our current tax system lets companies deduct the cost of certain investments they make in assets faster than those assets actually lose value.” Closing this “loophole,” she says, would raise $1.25 trillion over a decade.

• Higher capital gains taxesTax the investment gains of the wealthiest 1% as ordinary income, meaning rates near 40% instead of today’s 23.8%. Apply the tax annually on gains via a “mark to market” system, even if the asset hasn’t been sold. Estimated revenue: $2 trillion over a decade.

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THE TRUTH ABOUT INCOME INEQUALITY

Sunday, November 17th, 2019
Thanks to Ed Roney for sharing this article.  At the bottom of the article are some of the main points in the article that Ed very thoughtfully provided .  Nancy

THE WALL STREET JOURNAL

The Truth About Income Inequality

The census fails to account for taxes and most welfare payments, painting a distorted picture.

 
November 4, 2019   by Phil Gramm and John F. Early      Mr. Gramm is a former chairman of the Senate Banking Committee. Mr. Early served twice as assistant commissioner at the Bureau of Labor Statistics.
 

Never in American history has the debate over income inequality so dominated the public square, with Democratic presidential candidates and congressional leaders calling for massive tax increases and federal expenditures to redistribute the nation’s income. Unfortunately, official measures of income inequality, the numbers being debated, are profoundly distorted by what the Census Bureau chooses to count as household income.

The published census data for 2017 portray the top quintile of households as having almost 17 times as much income as the bottom quintile. But this picture is false. The measure fails to account for the one-third of all household income paid in federal, state and local taxes. Since households in the top income quintile pay almost two-thirds of all taxes, ignoring the earned income lost to taxes substantially overstates inequality.

How Redistribution Works

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ELIZABETH WARREN’S FANTASY PLAN

Tuesday, November 5th, 2019

 

THE WALL STREET JOURNAL

Warren Has a (Fantasy) Plan

Her financing and savings ideas for Medicare for All bear no relation to reality.

By the Editorial Board    November 4, 2019
EXCERPT FROM THIS ARTICLE:  There’s a reason every government-run health system in the world rations care. Ms. Warren won’t admit this explicitly about her brave new health world, but she comes close. If U.S. health-care spending exceeds GDP growth, she says, “I will use available policy tools, which include global budgets, population-based budgets, and automatic rate reductions, to bring it back into line.”

In a word, rationing. And that’s no surprise, since she credits the advice for developing much of her plan to Donald Berwick. He was an advocate for ObamaCare’s Independent Payment Advisory Board—known uncharitably as the death panel—that Congress repealed last year in a bipartisan vote.

Now we know why Elizabeth Warren took so long to release the financing details of her Medicare-for-All plan. The 20 pages of explanation she released Friday reveal that she is counting on ideas for cost-savings and new revenue that are a fiscal and health-care fantasy.
You certainly can’t criticize the new Iowa Democratic caucus front-runner for lack of ambition. Despite criticism from fellow Democrats, she is sticking to her plan for a government takeover of American health care, including the elimination of private insurance that 170 million or so Americans now have. She continues to claim that this will cost “not one penny in middle-class tax increases.” She walks on water too.

Start with the overall fiscal math, which by itself is staggering. She concedes that her plan will cost only “slightly” less than the $52 trillion that the U.S. is expected to spend on health care in the next 10 years. She deducts from that what the feds now spend on Medicare and Medicaid, plus $6 trillion that the states contribute to Medicaid, the state-federal children’s health program and government worker benefits.

That leaves $30 trillion to finance, but Senator Warren waves her wand and says the bill will really be $20.5 trillion. She makes the rest vanish by positing magical savings from things like “comprehensive payment reform.” One of her ideas is the hardy perennial known as “bundled payments,” which have failed to reduce costs as promised by Obama Care.

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VIDEO HUCKABEE – I GUESS I’M NOT AS SMART AS I THOUGHT

Wednesday, September 18th, 2019

ENJOY !

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WARREN’S ASSAULT ON RETIREE WEALTH

Thursday, September 12th, 2019

 

THE WALL STREET JOURNAL

Warren’s Assault on Retiree Wealth

Her vision of ‘accountable capitalism’ would destroy savings built over a lifetime—and sink the economy.

By Phil Gramm and Mike Solon Mr. Gramm, a former chairman of the Senate Banking Committee, is a visiting scholar at the American Enterprise Institute. Mr. Solon is a partner of US Policy Metrics.   September 11, 2019

Who owns the vast wealth of America? Old folks. According to the Federal Reserve, households headed by people over the age of 55 own 73% of the value of domestically owned stocks, and the same share of America’s total wealth. Households of ages 65 to 74 have an average of $1,066,000 in net worth, while those between ages 35 and 44 have less than a third as much on average, at $288,700.

A socialist might see injustice in that inequality. But seniors know this wealth gap is the difference between the start and the finish of a career of work and thrift, making the last mortgage and retirement payments rather than the first. Seventy-two percent of the value of all domestically held stocks is owned by pension plans, 401(k)s and individual retirement accounts, or held by life insurance companies to fund annuities and death benefits. This wealth accumulated over a lifetime and benefits all Americans.

That means it’s your life savings on the line—not the bankroll of some modern-day John D. Rockefeller—when Democrats push to limit companies’ methods of enriching their shareholders. Several Democratic congressmen and presidential candidates have proposed to limit stock buybacks, which are estimated to have increased stock values by almost a fifth since 2011, as well as to block dividend payments, impose a new federal property tax, and tax the inside buildup of investments. Yet among all the Democratic taxers and takers, no one would hit retirees harder than Sen. Elizabeth Warren.

Her “Accountable Capitalism Act” would wipe out the single greatest legal protection retirees currently enjoy—the requirement that corporate executives and fund managers act as fiduciaries on investors’ behalf. To prevent union bosses, money managers or politicians from raiding pension funds, the 1974 Employee Retirement Income Security Act requires that a fiduciary shall manage a plan “solely in the interest of the participants and beneficiaries . . . for the exclusive purpose of providing benefits to participants and their beneficiaries.” The Securities and Exchange Commission imposes similar requirements on investment advisers, and state laws impose fiduciary responsibility on state-chartered corporations.

Sen. Warren would blow up these fiduciary-duty protections by rewriting the charter for every corporation with gross receipts of more than $1 billion. Every corporation, proprietorship, partnership and limited-liability company of that size would be forced to enroll as a federal corporation under a new set of rules. Under this new Warren charter, companies currently dedicated to their shareholders’ interest would be reordered to serve the interests of numerous new “stakeholders,” including “the workforce,” “the community,” “customers,” “the local and global environment” and “community and societal factors.”

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