Tag: Debt

Join Jim and Greg as they credit Arizona Sen. Kyrsten Sinema for tapping the brakes on the effort of Senate Dems to ram through $3.5 trillion in lefty spending priorities without any GOP votes. They also shake their heads as American Federation of Teachers President Randi Weingarten says she will try to get schools open in the fall while adding the new CDC mask guidelines still make her concerned about teacher safety in the classroom. And they throw up their hands as a lot of Senate Republicans vote to advance an infrastructure bill that spends less than a tenth of the price tag on roads and bridges.

Jim & Greg cheer on the Cubans taking to the streets to demand their freedom, despite the very real threat of punishment from the government. They also shake their heads at a new Wall Street Journal report showing the massive amount of debt Master’s degree students are piling up and then not getting the lucrative jobs they dreamed about. And they get a kick out of Vice President Kamala Harris being reluctant to support voter ID requirements because she believes Americans in rural areas don’t have access to photocopiers.!

Join Jim and Greg as they welcome polls showing more Americans want their second amendment rights vigorously protected. They also go dizzy as President Biden trots out his third multi-trillion dollar spending binge.  And they react to a Vogue writer agonizing over whether to have a baby because she is convinced the child is damaging to the planet.

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Seemingly overnight, a large segment of America has gone insane. We’re not talking about the culture of paranoia and safety that has metastasized in the wake of COVID-19 hysteria. We’re talking about the ideological shift, particularly on cultural issues, that has occurred since the start of the Obama Administration. To pick an easy example, it would […]

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Join Jim and Greg as they marvel at some Democrats conveniently worrying about our massive debt just one day after passing a bloated COVID relief bill totaling $1.9 trillion and eyeing an even more expensive bill in a couple of months. They also discuss the sixth allegation of sexual harassment against New York Gov. Andrew Cuomo and when state Democrats will move from muttering things about resignation to an actual impeachment effort. And they discuss the mess at the southern border thanks to Biden’s deportation moratorium and stated plans of a pathway to citizenship for illegal immigrants.

Join Jim and Greg as they hammer the COVID relief provides very little COVID relief but hundreds of billions to irresponsible states and cities and political allies of the Democrats. They also throw up their hands as the CDC and Dr. Fauci are reluctant to let fully vaccinated people resume their lives. And Jim explains why the media ‘s hysterical coverage of Texas opening back up is way overblown.

‘Covid Relief’ Just a Democrat Wish List

 

America’s recent presidents have been all over the spectrum politically, but they shared one thing in common: near-total indifference to our national debt.

George W. Bush wasn’t that interested in fiscal matters, not vetoing a single bill his first six years in office. He exerted little influence as the deficit started to climb. Barack Obama zealously pursued spend and borrow strategies.  He affirmed the mindset of ignoring future implications.

Fiscal conservatives who hoped a Republican president could right the ship were crushed when Donald Trump announced the giant entitlement programs were safe from reform on his watch.

George Washington vs. Washington DC’s Debt

 

Our nation’s founders were keenly aware of the habits of mind necessary to self-governance. Public thrift was considered essential to prosperity and stability. They knew from reading history that financial insolvency was a primary destroyer of great civilizations.

George Washington among others warned against “ungenerously throwing upon posterity the burden which we ourselves are to bear.”

They would see everything they feared most unfolding now in 21st-century America, capped by the financial disaster we have created out of a viral pandemic. We have so far added over $4 trillion in Covid spending, all of it paid for by our fantasy credit card.

Join Jim and Greg as they offer the second installment of their prestigious year-end awards. Today they remark on the people they’re most sorry to see pass away in 2020. They also share their choices for rising political stars and the political figures who appear to be fading into oblivion – rarely to be heard from again.

Rep. Ken Buck (R-Colo.) joined host Ben Domenech to discuss the danger of big tech censorship for the American public. Rep. Buck’s new book, “Capitol Freedom: Restoring American Greatness,” is out now.

Many Republicans argue all private companies ought to remain unfettered by government intervention, but Buck argues that big tech companies such as Google don’t use the extreme level of power they wield over free speech fairly. He debunked the idea that there’s no relationship between privacy and size, saying that if these companies didn’t have a monopoly on free speech, they couldn’t get away with their actions.

Governors, Mayors, Congressional Republicans, and All That Jazz

 

Daniel Henninger in the WSJ, by way of the Dan Proft show, points to the lasting harm of our supposedly national experts’ response to the Chinese virus. The show and Henninger’s column point to a New York City jazz club owner of some renown in the jazz community. Michael “Spike” Wilner writes a weekly e-mail letter posted online from the SmallsLIVE Foundation. Reading this letter surfaces a key issue that governors and local leaders across the country are failing to address, inflicting far more harm than necessary. The massive financial fissure created by government leaders’ edicts and failure to own the consequences of their edicts is unpaid debt: rent, lease, mortgage, and property tax.

Martha McSally, the rest of the Republican Senators up for reelection, and Mitch McConnell own this as well. They have the power to drive legislation that Democrats could not oppose. They can include immediate refundable tax credits for all rent, lease, mortgage, and property tax forgiveness. Instead, they are printing money to paper around the edges of this financial fissure.

Here is the relevant portion of the SmallsLIVE Foundation newsletter [emphasis added]:

Congress Can’t Afford to Bail Out High-Spending States

 

Gov. Andrew Cuomo (NY-D) speaks to union group. (Lev Radin / Shutterstock.com)

Congressional Democrats are doubling down on their demand that, in response to the coronavirus pandemic, the federal government must bail out free-spending states. There are several terrible ideas out there just now (destroying minority-owned businesses in the service of racial equality comes to mind), but this is one of the worst.

The crisis in problem states is fueled mainly by unfunded pension liabilities. Public employee unions and the politicians they elect have for decades promised lavish pensions to union members, far exceeding those paid to wealth-creating private-sector employees. But adequate funding was never provided and the over-optimistic financial market returns didn’t materialize. The result is a growing total of $4.9 trillion in contractually enforceable liabilities to state retirees. There is no way the states can make these payments.

Chad Benson grabs a stool for today’s Three Martini Lunch while Jim is away. Today, Chad and Greg briefly discuss the significance of President Trump becoming the first sitting president to address the March for Life. Then they get a kick out of learning that the House impeachment managers are successfully alienating the group of senators they can least afford to lose – GOP moderates. They also richly enjoy watching a dad who scrimped and saved to pay for his daughter’s college education dissect the progressive lunacy of Elizabeth Warren’s college debt forgiveness plan right to her face. And as Democrats and their media allies dig for dirt on a strengthening Bernie Sanders, they brace for a riveting fight over whether Joe Biden or Bernie Sanders was more racially insensitive in the 1970’s.

Who knew you could have so much fun talking about Elizabeth Warren? Join Jim and Greg as they wade into Warren’s accusation that Bernie Sanders told her two years ago that a woman couldn’t get elected president.  They also shake their heads as Warren promises to cancel a lot of student loan debt on her first day in office without ever involving Congress. And they preview tonight’s final Democratic debate before the voting in Iowa and address the liberal concerns that there isn’t enough diversity on stage.

To say it’s been an eventful year in politics would be a massive understatement.  So it’s time to start deciding the best and worst of 2019 and today, Jim and Greg begin handing out the their Three Martini Lunch Awards. In this first installment, they offer their individual selections for Most Overrated Political Figure, Most Underrated Political Figure, and Most Honest Political Figure.

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Listening to local talk radio the other day on my way home from work, the host was talking about how spending under President Trump was 13% higher than it was under President Obama at the same point. Setting aside whether this is correct or not – trust no one and verify everything – the host […]

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It’s all crazy martinis today!  Jim Geraghty of National Review and Greg Corombos of Radio America start with Canadian Prime Minister Justin Trudeau found to have used blackface on at least three occasions but the maddening part is how the left is urging everyone to calm down with respect to Trudeau when they would have cast a non-leftist to the wolves and even Trudeau himself says these sorts of stories ought to be judges on a case by case basis.  They also wait for more information after reports say an intelligence whistleblower is accusing Trump of making a shocking promise to a world leader.  Is this a major scandal in the making or just more media hyperventilation?  And let’s just say they’re severely underwhelmed as House Republicans make repealing Obamacare and reducing the national debt their priorities if voters return to the majority – particularly when they did neither when they had the chance in the first two years of the Trump administration.

Jim Geraghty of National Review and Greg Corombos of Radio America have no good martinis today. They wince as the national deficit creeps closer to $1 trillion again and lament that neither party has any intention of seriously addressing the problem before disaster strikes next decade. They also cringe as President Trump rightly slams Rashida Tlaib, Ilhan Omar, and other far left lawmakers for pushing the anti-Semitic BDS movement but then says says any Jews who vote for Democrats are being disloyal. And they get a kick out of Jill Biden telling Democrats that her husband might not be the best candidate but voters should get on board because he has the best chance to beat Trump.

College Debt: Don’t Even Think of Asking Me to Pay

 

Since everyone, including Presidential candidates, seem to be discussing canceling college debt, I was moved to offer some thoughts on the subject, none of which include canceling college debt, but some of which have been bandied about by grander conservative voices.

Now, my philosophy regarding this issue is simple: You made the deal, not the hardworking taxpayers who would be strapped with your “canceled” debt. Learn that lesson now; pay your own way.