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SAVING PUERTO RICO SHOULD NOT BE DIFFICULT

Richard Rahn October 30, 2015

Ultimately, if you continue to spend more than you take in -- whether you are an individual, business or government -- there will be a day of reckoning. Puerto Rico is likely to reach that day by December 1^st.

Back in June, the governor of Puerto Rico, Alejandro Garcia Padilla, announced that the government debt of $73 billion had grown so large that it was no longer "repayable." At that time, many of us who have had experience with countries in fiscal crisis made recommendations (see my America's Greece) to avoid what is now almost certain to happen.

As is its pattern, the Obama administration waited until the last minute -- this past week -- to unveil its "solution," dubbed "Super Chapter 9." Chapter 9 is a provision in the U.S. bankruptcy code that allows local governments in U.S. states, but not the states themselves (including Puerto Rico), to declare bankruptcy.

Typically, this “solution” will make the problem worse rather than solving it. The causes of Puerto Rico’s problems are clear – and so are the remedies. Here they are.

THE TRUMPKIN PUMPKIN

ToThePoint October 30, 2015

Now that’s scary! All trick and no treat.

HAVE A FUN HALLOWEEN!

HALF-FULL REPORT 10/23/15

Dr. Jack Wheeler October 23, 2015

We have to begin with a HFR Cold Open. Here’s the SNL Cold Open last Saturday (10/17) with Seinfeld co-creator Larry David’s impossibly funny bang-on impersonation of Bernie Sanders, Kate McKinnon as a psycho Hillary, Alec Baldwin as Jim Webb, and Jon Rudnitsky as an effeminate Anderson Cooper:

Only a masochist would put themselves through 11 hours of lying by the PIAPS to the Benghazi Committee yesterday. The most despicable moment was when she actually claimed that murdered Ambassador Chris Stevens was joking when he requested more security in Benghazi. The truly depressing problem about Hillary, however, is not Hillary. Here’s the real problem…

There’s lots more, including the dumbest Pub Gov in America, a Zero appointee as Hero of the Week, and the Question of the Week: What are your plans for this coming New Years Eve?

THE MOST IMPORTANT ISSUE IN THE WORLD TODAY

Dr. Jack Wheeler October 23, 2015

Yesterday – October 21, 2015 – was “Back to the Future Day,” with an uncountable number of news stories comparing the 1989 movie’s predictions for that day to the reality now. BTTF II was the sequel to the original 1985 sci-fi classic, wherein teenager Marty McFly (Michael J. Fox) is sent back in time to 1955.

Odds are good you’ve seen them both. So let’s do a thought experiment. Suppose you could hop in to Doc Brown’s DeLorean today and go back to 1955 – to a high school like Hill Valley High in the film and talk to the kids. Suppose you somehow convince them you’re really from 2015.

The first thing they’d be startled to learn is the nostalgia 2015 America has for 1950s America as the modern Golden Age. They’d be overjoyed to know America won the Cold War with the Soviet Union ceasing to exist – although stunned by the president who won it.

Then it would get grim. They’d probably cope with a black US president – but not with a president who hated his own country and whose every policy was purposefully designed to destroy America’s economy, security, and standing in the world.

And when you described America’s cultural degradation – the black race riots and rampant racial hatred for whites, the tsunami of vulgarity washing over every form of entertainment, the Supreme Court forcing every state to recognize the legality of homosexuals “marrying” each other – there’s no doubt what their reaction would be.

They would throw up. They would get physically sick to their stomach and barf. They’d say, “That’s 60 years from now. I hope I die before then.” “That means the children I have will create this world – and that means I should never have children.”

At this point, suppose you say, “Wait a moment, I’ll be right back,” hop in your DeLorean and transport yourself to the America of 2020.

MEMO TO GOP: CURB IMMIGRATION OR QUIT

Senator Jeff Sessions & Congressman Dave Brat October 23, 2015

America is about to break every known immigration record. And yet you are unlikely to hear a word about it.

The Census Bureau projects that the foreign-born share of the U.S. population will soon eclipse the highest levels ever documented, and will continue surging to new record highs each year to come.

Yet activists and politicians who support unprecedented levels of immigration are never asked to explain how they believe such a policy will affect social stability, community cohesion or political assimilation.

They can simply cry out, “We must pass immigration reform!” without ever explaining what they believe “immigration reform” means.

Immigration reform should mean improvements to immigration policy to benefit Americans. But in Washington, immigration reform has devolved into a euphemism for legislation that opens America’s borders, floods her labor markets and gives corporations the legal right to import new foreign workers to replace their existing employees at lower pay.

After nearly half a century of massive immigration it is time to turn our attention to our own residents. We need an immigration policy that shows compassion for Americans.

CANADA NOW HAS A PRO-TERRORIST LEADER

Daniel Greenfield October 23, 2015

Justin Trudeau, the just-elected Prime Minister of Canada praying at an Al Qaeda affiliated mosque in 2011

With backing from Obama's campaign people, Canadian voters made a left-wing terrorist supporter whose only calling card was his last name, the Prime Minister of Canada.

This is really bad for Canadians, but it turns our northern border into a serious national security issue. Because Canada's asylum policy has led to Moslem terrorist attack on America before.

Justin Trudeau is blatantly pro-terrorist. He opposes stripping terrorists of citizenship. He's an advocate for Gitmo rat Omar Khadr and spoke at a terror-linked mosque. In 2011, he visited and prayed at the Al-Sunnah Al-Nabawiah mosque in Montreal, identified by U.S. intelligence officials as a site where “known al-Qaeda members were recruited, facilitated or trained.”

On Monday (10/19) Justin Trudeau as leader of the Liberal Party which won a clear majority of seats in Parliament, became the Prime Minister of Canada.

THE RUINATION OF RUSSIA

Ambrose Evans-Pritchard October 23, 2015

Russia is running out of money. President Vladimir Putin is taking a strategic gamble, depleting the Kremlin's last reserve funds to cover the budget and to pay for an escalating war in Syria at the same time.

The three big rating agencies have all issued alerts over recent days, warning that the country's public finances are deteriorating fast and furiously. Alexei Kudrin, the former finance minister, says the Kremlin has no means of raising large loans to ride out the oil bust. The pool of internal savings is pitifully small.

Vladislav Inozemtsev, from the Center for Post-Industrial Studies in Moscow, says Russia is entering a period of pauperized decline. Russia’s GDP, once at $2.3 trillion, is now at $1.2 trillion, the size of Mexico’s and smaller than that of Texas ($1.4 trillion), and continues to rapidly shrink.

Yet Russia is pressing ahead with massive rearmament, pushing defense spending towards 5% of GDP and risking the sort of military overstretch that bankrupted the Soviet Union. Bankruptcy and ruination are clearly on Russia’s horizon under Putin.

WHY ARE DEMOCRATS SADISTIC TOWARDS THE POOR?

Richard Rahn October 23, 2015

On Sept. 29, Congress held a hearing on the rules proposed by the Consumer Financial Protection Bureau (CFPB) that would likely destroy much of the small-dollar loan industry and drive many low-income and poor credit-risk people into the arms of loan sharks.

The CFPB rules are so costly that most lenders will likely go out of business — by government intent.

Officials in the Obama administration’s IRS and Treasury have been callous and mean-spirited in destroying the ability of millions to obtain needed banking services, without providing legal and low-cost alternatives.

President Obama has made clear his intent to kill the coal and other fossil fuel industries. The results are that energy costs are being driven much higher, that hundreds of thousands of workers in these industries are now losing their jobs, and that low-income people will suffer the most from unnecessarily high energy costs.

These and so many other examples provide evidence that Democrats are sadistic towards the poor.

THE MORAL VIRTUE OF SELF-INTERESTED WORK

Dr. Joel Wade October 23, 2015

It is wonderful to give to and help others. We are appreciated when we give to others through charity, volunteering or other acts of kindness.

And rightly so. When we help another person in some way, it creates a spirit of goodwill, and it’s one of the single most important acts we can do for our own happiness.

What’s often overlooked is how much consciousness, caring, time, money and energy we already put into significantly helping other people every day – just through the work we do.

It’s popular to dismiss all of our work by saying we are doing it for the money – as though earning money cheapens our efforts, and makes our efforts base, selfish, or materialistic.

But earning a living from what we do makes it possible and reasonable for us to do it. When demagogues lecture young college graduates to forego making money and do something else to help people, they are telling them that what we do to make money does not help people.

This, of course, is the exact opposite of the truth.

FREE BIRTH CONTROL

ToThePoint October 23, 2015

HALF-FULL REPORT 10/16/15

Dr. Jack Wheeler October 16, 2015

Warsaw, Poland. I’m here for briefings and consultations with my Polish friends very concerned about the state of affairs in the only country that stands between them and the omnivorous Russian bear.

“It’s very hard for us to comprehend how fast America is deteriorating under Obama,” one of them commented. “We all saw that report this week (10/12) that leaders of an EU government believe Obama is ‘quite mentally unwell.’ We don’t know what government the report is quoting because we know of several EU governments who feel this way.”

“They probably saw that 60 Minutes interview of him the night before,” another chimed in, “where he said, ‘My definition of leadership would be leading on climate change’.” Everyone laughed – until someone said, “Actually, that isn’t funny, that is crazy.”

And Zero’s craziness never lets up. On Monday (10/12), he issued an (anti-) Columbus Day Proclamation, in keeping with this libtard effort to replace Columbus Day with Indigenous Peoples Day.

Personally, I think conservatives should embrace the idea – as you couldn’t ask for a better opportunity to have more fun exposing liberal hypocrisy. Here’s how…

That Zero’s rabidly left craziness has infected the entire Democrat party was on ample display Tuesday night (10/13) during the debate of its prez candidates. The PIAPS was ecstatically declared the winner by the Enemedia because she was better than the pathetic losers she was up against…

There’s more, it’s another fun HFR, and we’re sure you’ll like the Hero of the Week.

THE JUSTICE DEPARTMENT NEEDS TO BE INVESTIGATED

Senator Ted Cruz October 16, 2015

[This letter by Senator Ted Cruz in his capacity as Chairman of the Subcommittee on Oversight, was sent to Attorney General Lynch yesterday, October 14. It is a classic example of how Congress should investigate malfeasance by a federal agency.]

Dear Attorney General Lynch:

I write today to request information about the Department of Justice’s interactions with state and local law enforcement agencies across the United States.

I am very concerned that the Administration’s policies, as currently implemented by the Department, may be reducing the effectiveness of state and local law enforcement officials, chilling their ability to stop criminals in their communities, and fueling a nationwide crime increase.

At a time when the President’s anti-police rhetoric is emboldening criminals and fueling a nationwide surge in violent crime, the American public deserves to know if the Department is using the machinery of the United States government to suppress state and local law enforcement’s effectiveness.

I therefore request the following documents and information be provided to the Senate Committee as soon as possible, but no later than 9:00 a.m. on Tuesday, October 20, 2015.

PUTIN THINKS OBAMA HAS MUSH FOR BRAINS

Ambrose Evans-Pritchard October 16, 2015

Russian leader Vladimir Putin has issued a caustic defense of his country's bombing raids in Syria, accusing the West of stonewalling requests for help on terrorist targets and failing to grasp the basic facts on the ground.

"We asked them to give us the information on the targets that they believe to be 100 percent terrorists and they refused to do that," he said.

"We then asked to please tell us which targets are not terrorists, and there was no answer, so what are we supposed to do. I am not making this up," he told a VTB Capital forum of bankers and investors in Moscow yesterday (10/13).

"I think some of our partners simply have mush for brains. They do not have a clear understanding of what is really happening in the country and what goals they are seeking to achieve," he said. Clearly understood by everyone was that by “our partners,” he was referring to Barack Obama.

By the end of the conference however…

THE NEW AXIS OF EVIL

Michael Ledeen October 16, 2015

Do you remember the Axis of Evil?

It was one of the major themes of President George W. Bush’s State of the Union speech in January 2002, 4 months after the 9/11 terrorist attack on the United States. The president identified Iran, Iraq and North Korea as an “axis of evil, arming to threaten the peace of the world.”

W was roundly criticized for the phrase. Yet Bush saw that all three countries were enemies of ours, were dedicated to developing weapons of mass destruction, and were willing to cooperate in order to expand their power and threaten the peace of the world.

We now face a more potent Axis of Evil. There is no single ideology that unites them – except their hatred of the West. The new Axis includes Sunni and Shi’ite radical Muslims, Communists and other radical leftists, and nationalistic secular tyrants like Vladimir Putin.

They have certainly succeeded in wrecking hopes for a peaceful world. How are we to cope with this?

HILLARYNOMICS

Richard Rahn October 16, 2015

If Hillary Clinton were to be elected president, what economic policies would she propose and what would be the effect on the economy? To try to get an answer, I have looked at her statements, her campaign website, and her Senate record.

Mrs. Clinton has recognized the major economic problem of slow growth and stagnant incomes, and her economic platform is called, “A plan to raise American incomes.”

Unfortunately, the plan is largely a list of feel-good statements with very little specificity and contains nothing that would have a major positive impact on economic growth. (In fact, some of the proposals, such as increasing the minimum wage and overtime rules, would be negatives).

So let’s take a look at what she has done, not what she says.

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