In the first two months of the new fiscal year, tax revenues are up. But so is the deficit. Why? Because spending continues to outpace revenues. So why do tax cuts keep getting blamed?
The latest monthly budget report from the Congressional Budget Office shows the deficit jumping $102 billion in just the first two months of the new fiscal year.
That sure looks like the deficit is “soaring,” as one news outlet claimed. But as the CBO makes clear, almost all that deficit increase was the result of quirks of the calendar. Depending on where weekends fall, significant sums of spending can get shifted into different months.
A true apples-to-apples comparison, the CBO says, shows that the deficit climbed by just $13 billion. Continue reading
Health Reform: Since 2014, Democrats have greeted double-digit hikes in ObamaCare premiums with a yawn. Now it’s a crisis that must be fixed immediately. What’s changed?
Huge increases in ObamaCare premiums are the norm. In its first year, ObamaCare forced costs in the individual insurance market up by double digits. Subsequent eye-popping jumps followed. The average premium climbed about 7% in 2015, 11% in 2016, 22% in 2017, and by more than 30% in 2018.
The Health and Human Services Department calculated that, overall, premiums more than doubled between 2013 — the year before ObamaCare went into effect — and 2017. Continue reading
By Joy Pullmann • The Federalist
In 2015, President Obama told America he only learned that his secretary of state Hillary Clinton was illegally using a private email server to conduct public business after The New York Times published a story saying so. Today’s release of a Department of Justice inspector general report shows that was a lie.
“FBI analysts and Prosecutor 2 told us that former President Barack Obama was one of the 13 individuals with whom Clinton had direct contact using her clintonemail.com account,” the report says in a footnote on page 89. “Obama, like other high level government officials, used a pseudonym for his username on his official government email account.”
The report also says Obama Federal Bureau of Investigation Director James Comey knew that Obama had lied. It was in 2015 that Obama had disclaimed knowledge that Clinton used a private, rather than government, email address. In 2016 Continue reading
“URGENT,” read the popular meme on social media on Monday, “If you’re not freaking out about Net Neutrality right now, you’re not paying attention.”
Well, we have some good news. If you can read this editorial, it means you’ve survived the first 24 hours without the regulations that the Obama-era Federal Communications Commission decided were necessary to preserve net neutrality. Your Internet provider has not yet gotten around to censoring the Internet.
CNN, absurdly reported “the end of the Internet as we know it” in a news piece after the FCC voted in December to repeal the Obama-era regulation. That headline was later changed, perhaps because someone figured out that the Internet was only going back to the way it had been pretty much right up until June 12, 2015.
By Sally C. Pipes • Investor’s Business Daily
ObamaCare enrollees should brace themselves for another year of double-digit premium hikes.
Average premiums for plans sold through the state and federal insurance exchanges will jump as much as 32% next year, according to a recent report from actuarial firm Milliman. Consumers in some markets could face 80% rate hikes, according to a separate analysis from Blue Cross Blue Shield.
Democrats have pounced on these projections to blame the GOP for “marketplace sabotage.” Senate Minority Leader Chuck Schumer, D-N.Y., remarked that “Republicans and the Trump administration own any and all increases in health care premiums for American consumers.”
Sorry Chuck, but GOP malfeasance isn’t the problem. ObamaCare’s burdensome Continue reading
By Willis L. Krumholz • The Federalist
The intelligence bureaucracies spied on the Donald Trump campaign: Foreign Intelligence Surveillance Act warrants were granted because of a Hillary Clinton-funded and unverified document, national-security letters were issued to allow warrantless spying, and the unprecedented but not-illegal-per-se unmasking of Trump officials’ conversations with non-U.S. persons was shockingly routine.
Yet the news of a CIA-connected human source operating as far back as April or May of 2016 is about more than just spying. It is the latest example in what now looks to be a long line of attempted setups by the Clinton team, many times aided and abetted by our intelligence bureaucracies.
These events should anger any red blooded American who believes in representative democracy and the importance of the rule of law. Let’s review eight examples. Continue reading
While the Beltway media slept, the Obama administration made hay. From off-mic whispers to Russian leaders, to pursuit and harassment of journalists and political adversaries, to the obfuscation and cover-up of an attack on an American embassy, the “Hope and Change” gang operated without fear or limits.
Both Attorneys General Eric Holder and Loretta Lynch acted as a firewall for Barack Obama’s executive branch and almost nothing permeated the walls of 1600 Pennsylvania Ave.
“Time wounds all heels,” though, as Groucho Marx said, and yesterday brought to light stunning revelations about the 44th president of the United States and his efforts to craft and preserve the Iran deal.
The Obama administration secretly attempted Continue reading
By Jack Crowe • National Review
The Obama administration helped Iran utilize sanctioned oil revenue stranded in a foreign bank account in 2016 while actively misleading Congress about the cooperation, according to the results of a Republican led Senate investigation released Wednesday night.
After signing the 2015 nuclear deal, which unfroze Iran’s U.S. accounts in exchange for the regime’s non-proliferation pledge, the Obama administration publicly maintained that all non-nuclear sanctions barring Iran from operating within the U.S. financial system would remain in place.
“Senior U.S. government officials repeatedly testified to Congress that Iranian access to the U.S. financial system was not on the table or part of any deal,” congressional investigators wrote in the report.
Despite this pledge to the public and Congress, in February 2016 the administration assisted Tehran in recovering Continue reading
By David Harsanyi • The Federalist
At a Las Vegas tech conference last week, former president Barack Obama told an audience that his presidency had been scandal-free. “I didn’t have scandals, which seems like it shouldn’t be something you brag about,” Obama joked, according to Newsweek. We hear this talking point quite often from Democrats.
Now, perhaps the president didn’t experience the fallout from a scandal, which is very different from never having been involved in one. For this confusion, Obama can thank the political media.
Why does it matter now? For one thing, historical revisionism shouldn’t go unchallenged. Democrats are running to retake power, and many of them were participants or accomplices in numerous corrosive scandals that have been airbrushed. Continue reading
by Adam Kredo • Washington Free Beacon
Iran continues to hide key work it undertook on nuclear weapons development while perfecting ballistic missile technology that could carry such a weapon, according to a new report from a senior Israeli military official that has fueled calls from Trump administration insiders and Congress to nix the deal ahead of a May deadline.
Significant flaws in the original nuclear deal reached by the Obama administration with Iran has enabled Iran’s ballistic missile program and permitted the Islamic Republic to obfuscate ongoing work on nuclear enrichment and possible weaponization technologies, according to Jacob Nagel, the former head of Israel’s National Security Council.
Loopholes in the original agreement have allowed Iran to continue working on advanced nuclear centrifuges that can enrich uranium—the key component in a nuclear weapon—at least 15 to 20 times faster than original models of these devices, according to Nagel, who is serving as a visiting fellow at the Foundation for Defense of Democracies, or FDD. Continue reading
Facebook faces what some are calling an “existential crisis” over revelations that its user data fell into the hands of the Trump campaign. Whether or not the attacks on the social media giant are justified, the fact is that the Obama campaign used Facebook (FB) data in the same way in 2012. But the reaction from the pundits and press back then was, shall we say, somewhat different.
According to various news accounts, a professor at Cambridge University built a Facebook app around 2014 that involved a personality quiz. About 270,000 users of the app agreed to share some of their Facebook information, as well as data from people on their friends list. As a result, tens of millions ended up part of this data-mining operation.
Consulting firm Cambridge Analytica, which paid for the research, later worked with the Trump campaign to help them target advertising campaigns on Facebook, using the data they’d gathered on users. Continue reading
by Matthew Continetti • Washington Free Beacon
Almost immediately after the news broke that President Trump intends to replace Secretary of State Rex Tillerson with CIA director Mike Pompeo, media figures speculated that the decision was about Russia. The argument went like this: Tillerson was fired because he had recently criticized the Russian government for its attack using a nerve agent on a former spy living in the United Kingdom. He thereby endangered détente with Russian president Vladimir Putin and so, the critics said, Trump sacked him.
Yet the rumor was exposed as false almost as soon as it was aired. For one thing, Tillerson had been informed that he would be removed days before he made his entirely justified condemnation of Russian behavior. For another, the Trump administration soon came out hard against the assassination attempt. Nikki Haley lambasted Russia at the United Nations. President Trump signed a joint statement with the British prime minister, French president, and German chancellor assigning responsibility to Russia. The Treasury Department announced further sanctions against Russian cyber-warfare.
It was Adam Kredo of the Washington Free Beacon who first reported the real story. Tillerson had been engaged in a months-long defense of the Iran nuclear deal that finally reached an impasse when he took Europe’s side in debates over the agreement. Continue reading
By Margot Cleveland • The Federalist
For six years, the House Committee on Oversight and Government Reform has fought for the release of documents related to Operation Fast and Furious — the botched gun-running sting that put nearly 2,000 firearms into the hands of criminals and Mexican drug cartels members, including the semi-automatic rifle used to kill Customs and Border Patrol Agent Brian Terry.
Attorney General Jeff Sessions committed Wednesday to release the requested documents and to “conduct a new search” of government databases and to provide previously withheld responsive documents or to “certify the completeness of the preceding production.” The Trump Administration’s promise to redo the search of government files likely sought to assuage the House Oversight Committee, which said during litigation with the Obama administration that it did not have “sufficient trust” in the Department of Justice to take the agency’s word it had complied.
“The Department of Justice under my watch is committed to transparency and the rule of law,” Sessions said in a statement announcing the DOJ’s conditional settlement agreement with the House Oversight Committee. “This settlement agreement is an important step to make sure that the public finally receives all the facts related to Operation Fast and Furious.” Continue reading
By Elizabeth Harrington • Washington Free Beacon
The Environmental Protection Agency spent nearly $700,000 for parking spots that no one used during the final two years of the Obama administration.
The office of inspector general released an audit Wednesday finding the agency wasted taxpayer dollars on subsidized parking for employees at its Washington, D.C., headquarters.
“Only EPA headquarters (based in Washington, D.C.) and Region 4 (based in Atlanta, Georgia) subsidized employee parking,” the inspector general said. “These offices paid over $840,000 to subsidize employee parking from January 1, 2015, through December 31, 2016.” Continue reading
By Ben Marquis • Conservative Tribune
Some of our readers may recall the massive scandal in 2001 surrounding the bankruptcy of the Enron Corporation, an energy company based in Texas.
Investors lost an estimated $63 billion when investigators discovered that Enron officials and auditors at the Arthur Anderson accounting firm had knowingly and unethically used loopholes in the law and various accounting tricks to hide billions that had been lost in bad deals and debt from shareholders.
Several people ultimately went to jail, and the liberal media used the scandal to excoriate capitalism in general and energy companies in particular. Continue reading