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Well…I’m not quite as smart as I thought…close…but not quite! I did a little research and found that Nation-States are immune from the type of law suits I thought up…criminal negligence!

A well written article in Bloomberg Opinion on March 24, 2020 by Steven L Carter explains it with this single quote… “Foreign Sovereign Immunities Act, known as FSIA, passed in 1976, a statute intended (in the words of one federal court) “to protect foreign sovereigns from the burdens of litigation, including the cost and aggravation of discovery.”

Many have tried to sue China and have failed because of the sovereignty that all the courts including ours, have agreed exists.

So …I have another brilliant idea; if “immunity from litigation” applies to China and the world, then it applies to the US! So let’s find a manner to “repay” China, the debt we have with China, that would be fraudulent but “immune from litigation” or if failure to re-pay a debt would be covered by the FSIA immunity law, just stop paying!

China has clearly demonstrated itself to be at the top of the “WORLD’S LIST OF MOST DESPICABLE NATIONS! That would include the MOST…deceitful, dishonest, unethical, corrupt, untrustworthy, ungrateful, inept and most arrogant countries the world has ever seen!

What makes them worse than the Roman Empire, the Turkish Huns, ISIS, Russia, North Korea, Iran, Raiding Vikings and the many plundering countries of ancient times, is that they can plunder and kill, silently, without their victims even knowing that their entire country has been plundered and raped, by cyber-attacks and their ability to produce power or defend themselves!

We owe China NOTHING…we have had it with China! We got along quite well without doing any business with China in any way for decades. We didn’t even have diplomatic contact with them EVER…until Nixon had to open the door to them …I have always believed that Nixon made a major mistake doing what he did!

Our relationship with China has been and will always be a “take and take”, rather than a “take and give” relationship…and that will NEVER change. How have we benefited from making China a world power?

I liken the relationship, between China and America, to two ships; one a “junk” and the other a sleek liner. The sleek liner, America, drilled holes in her hull…a perfectly good ship, so China could sell us drills… because they couldn’t make toilet paper without our help…we even built the factories! When their drill factories were up and running, we borrowed money from “them”, to buy more drills to puncture more holes so they could sell us bilge pumps and then  helped them built the bilge pump factories. When we had too many holes to stop from sinking…China threatened to stop selling us Bilge pumps …but not drills.

Enough is enough! Our steel companies and other manufacturing jobs, that we gave China…must come back to the US! Those manufacturing facilities that are vital to our survival…like ammunition, drugs, power transformers, that are so vital to our power grid and we can’t build…MUST be brought back by force, if necessary.

How…? Build those factories that we know to be vital… here, with interest paying, repayable loans from the government to the companies. Build the plants, with US citizens and US materials, ONLY! Then gradually ban the import of those items from China, like steel, drugs and ammunition!

We need China’s help like we need another infectious disease! China makes the phrase, “WITH FRIENDS LIKE THAT,WHO NEEDS ENEMIES?”, require capital lettering!

Although a Republican President Nixon, started our mistake with China…Democrat /Socialist Obama tried to drive the finishing stakes in America’s heart! Fortunately, we now have a President who is a Patriot, has a “magic wand”, like Obama said was required, and this one is not a greedy politician.

Face it! How many Presidents came into the Whitehouse relatively poor and left wealthy?  How many came to the Presidency to improve America and how many to improve their pockets, either during or immediately after their Presidency?

Looking at the last 6 Presidents…I don’t have to mention net worth …only NAMES or just  political affiliation…see if you notice a trend, as I have…

(R) Ronald Reagan, (R) George Bush 1, (D) Bill Clinton, (R) George Bush 2,  (D/Soc) Hussein Obama, (R) Donald Trump…notice anything significant? Which ones do you think put America first and their own wealth 2nd or 3rd…Clinton or Obama…?

America smarten up…we NEED to keep this President and give him a Republican Senate with a super majority, a House with a super majority and a Speaker of the House who has an IQ higher than fish!

Imagine what this President could do without having to dodge bullets from Pelosi, Schiff Schumer, and the rest of the despicables!

gary small

J. Gary DiLaura

              

Obviously, we are a very badly divided nation: so divided we agree on virtually nothing; so divided we can't even talk to one another anymore; so divided one side doesn't believe in anything the other side says; so divided California, New York and Illinois might as well be on a different planet than Texas.

We can't even agree on how to respond to the novel coronavirus, and when to get back to business.

Check out the latest Rasmussen poll. Sixty-one percent of Republicans believe America will rise from the dead by Easter. Count me among them.

But only 41% of all likely voters somewhat believe the USA can get back to work by Easter. Among Democrats, the number must be in the teens.

In the past few days, President Donald Trump made it abundantly clear that Americans need to get back to work.

I have said repeatedly on my nationally syndicated radio show: "The business of America is business. It's time to get back to work because the deadly virus is temporary, but the economic disaster we're causing could last a lifetime and prove far more deadly in the long run."

Many conservatives such as myself have also pointed out that the mortality rates of the coronavirus have been greatly exaggerated. On Thursday, Dr. Deborah Birx, "America's Doctor," said the same thing in a press conference: There will not be millions dead in the USA. The math doesn't add up.

She reported how computer models predicting 500,000 dead in the U.K. have been downgraded to 20,000. She reported how the terrible death count in Italy just doesn't add up to millions of Americans dead, not even close.

President Trump and Republican businessmen like me remain steadfast and optimistic that we can start bringing this terrible pandemic to a close and be back to business (or at least a limited business rollout) by Easter.

It's not because we don't take this pandemic seriously but because we believe in our hearts that we can't allow the U.S. economy to die. We can't allow another Great Depression. We can't honor the sick or dying by losing our job, income and life savings.

Someone has to mind the store, keep the economy going, pay the bills and pay the taxes so that after we win this war -- and we will win -- there is something for the older, the weak and the vulnerable to come back to.

We believe in our hearts and souls there is a way to restart this economy, and to do it carefully, reasonably and responsibly while protecting the oldest, weakest and most vulnerable.

Meanwhile, Democratic politicians and liberal Hollywood activists scream about millions dying and about keeping the nation locked down for months. And they call Trump and Republicans all kinds of terrible names.

What accounts for this difference? I believe I've figured it out. It's all about personality.

Most every Republican I know is positive, outgoing and relentless, won't take no for an answer and has can-do spirit. That's why so many Republicans are successful in the business world. That's why we're proud to create the jobs and pay the taxes. We are the workers, makers and producers of America. We turn lemons into lemonade. We see the glass as half full, not half empty. We love working. We see it as our American way of life. We desperately want and need to get back to work.

Democrats are the polar opposite. They are cynical, negative and always finding fault with America, capitalism and business. That's why conservative talk radio is so successful whereas there is virtually no liberal talk radio. It's just too negative, too dark, too depressing. Liberals are always complaining, offering no solutions other than bigger government.

That explains the differences in how we see the coronavirus. Republicans have everything to lose if they don't get back to work. We see our business, career, job as our calling in life, our baby. It is who we are. Taking that away from us is like death.

Democrats are made up of groups who don't see anything to gain by rushing back to work. Some of them didn't work before this crisis. Some are protected by union contracts and union pensions. Some work for government -- and they have jobs for life. Some have lived on a welfare check for much of their life. Some want to be paid bigger checks for being unemployed than for working. In the end, they feel they can stay home, take no risk and have the government pay them.

It's a completely different mindset. Democrats depend on government. Republicans depend on God, prayer, self-reliance and personal responsibility. Our lives are wrapped up in our work. We're risk takers. We must get back to work or risk losing everything we've worked our whole lives to build. It's what makes us who we are.

Yes, we're a divided nation. It's like we're from different planets. I'm proud to be from the planet where the glass is always half full, where America, with the greatest health care system in the world and the strongest economy in the world, will always prove victorious.

Yes, it's true that "the business of America is business." Let the people who want to get back to it get back to it.

 

Wayne Allyn Root

Friday, 27 March 2020 15:06

Buy American Made!

Smithfield Farms, the largest pork producing farm in the USA was sold recently to China with the unanimous support of its stockholders!! The hogs will still be raised here, but slaughtered and packaged for sale there before being sent back here. This includes labels of Morrell, Eckrich, Krakus, Cudahy, Premium Hams, Cook's, Gwaltney, The same with many chickens. They can now be shipped there, but when they come back all that needs to be labeled is that they WERE RAISED IN THE USA. Not that they were processed in China!!! Our great FDA at work again. The chickens will be all processed and most sold to fast food restaurants for sandwiches, along with schools and supermarkets. The China slaughter and processing are not nearly equal to the requirements here.

 

*BAD FOOD:::
We recently learned that Starkist Tuna is now owned by Korea , and is in big conflict with the U. S. concerning quality, safety, and records, which Korea refuses to produce.
Read several articles on Google about this, and even one that was defending the eating of tilapia said to avoid the fish that came from China Also,I had just returned home from buying Albertson's 4-day special of 4 bags of frozen tilapia for the price of one.? Sure enough, on the top of the bags, it read "farm raised", and on the bottom in small print it said, " China "read all the way down...

 

Recently a Food inspector on TV... said he had lived overseas and he had seen the filthy conditions their foods are raised and processed in. It is enough to make you throw up. Some foreign workers have to wear masks as they work in these places, because the food is so rotten and filthy, it makes them want to throw up. Many of their fish on Fish Farms are fed raw sewage daily. He said he has seen so much filth throughout their food growing and processing that he would "never" eat any of it. They raise this filth, put some food coloring and some flavorings on it, then they ship it to the USA & Canada for YOU to consume and feed to YOUR families. They have no Food & Safety Inspectors. They ship it to you to buy and poison your families and friends .

Imported food we eat and the junk we buy: Green Giant frozen vegetables are from China, and so are most of Europe 's Best.
Arctic Gardens are Okay. So is Birdseye.
Never buy the grocery store garlic unless it is clearly marked from USA or Canada, the other stuff is grown in people poop (even worse than chicken droppings). China is the largest producer of garlic in the world; U. S. is next.
Buy only local honey *, much honey is shipped in huge containers from China and re-packed here.

Cold-FX is grown and packed in China and is full of fecal bacteria. Doesn't work anyway, big scam.

If the country of origin is not clearly marked beware. If produce, ask an employee.

Watch out for packages which state "prepared for", "packed by" or "imported by". We don't understand the lack of mandatory labeling, especially the produce.

The country of origin should be clearly shown on the item in the store.

Go to the local farmers' markets in season and keep a wary eye open the rest of the year.

Please read this very carefully, and read to the very bottom. It's important for all of us.

How is it possible to ship food from China cheaper than having it produced in the U. S. or Canada?

FOR EXAMPLE THE "OUR FAMILY" BRAND OF MANDARIN ORANGES SAYS RIGHT ON THE CAN 'FROM CHINA '. SO, FOR A FEW MORE CENTS, BUY THE LIBERTY BRAND.

GOLD BRAND OR THE DOLE IS FROM CALIFORNIA.

Beware, Costco sells canned peaches and pears in a plastic jar that come from China.

ALL "HIGH LINER" AND MOST OTHER FROZEN FISH PRODUCTS COME FROM CHINA OR INDONESIA . THE PACKAGE MAY SAY "PACIFIC SALMON" ON THE FRONT, BUT LOOK FOR THE SMALL PRINT. MOST OF THESE PRODUCTS COME FROM FISH FARMS IN THE ORIENT WHERE THERE ARE NO REGULATIONS ON WHAT IS FED TO THESE FISH.

Recently The Montreal Gazette had an article by the Canadian Government on how Chinese feed the fish: They suspend chicken wire crates over the fish ponds, and the fish feed on chicken droppings.

If you search the internet about what the Chinese feed their fish, you'll be alarmed; e. g, growth hormones, expired anti-biotic from humans.? Never buy any type of fish or shellfish that comes from these countries: Vietnam, China, Philippines.

Check this out personally. Steinfeld's Pickles are made in India - just as bad! Another example is in canned mushrooms. No-Name brand came from Indonesia .

Also, check those little fruit cups. They used to be made in Canada in the Niagara region until about 2 years ago. They are now packaged in China. Most sold in Aldi stores.

While the Chinese export inferior and even toxic products, dangerous toys, and goods to be sold in North American markets, the media wrings its hands! Yet, 70% of North Americans believe that the trading privileges afforded to the Chinese should be suspended.

Well, duh! Why do you need the government to suspend trading privileges?

SIMPLY DO IT YOURSELF, CANADA AND THE U. S.

Simply look on the bottom of every product you buy, and if it says 'Made in China ' or 'PRC' (and that now includes Hong Kong ), simply choose another product, or none at all. You will be amazed at how dependent you are on Chinese products, and you will be equally amazed at what you can do without.

THINK ABOUT THIS:

If 200 million North Americans refuse to buy just $20 each of Chinese goods, that's a billion dollar trade imbalance resolved in our favor...fast! The downside? Some Canadian/American businesses will feel a temporary pinch from having foreign stockpiles of inventory.

Just one month of trading losses will hit the Chinese for 8% of their North American exports. Then they will at least have to ask themselves if the benefits of their arrogance and lawlessness are worth it.

START NOW and don't stop and tell your friends.

Send this to everybody you know. Let's show them that we are intelligent, and NOBODY can take us for granted. Start reading labels more closely and buy something else even if it cost a few cents more.*

 

 

 

Unemployment claims in Florida for the week ending March 21 jumped 1,045 percent from the previous week as employers and employees continue to feel the fallout from the coronavirus pandemic.

According to data released Thursday by the U.S. Department of Labor, initial unemployment claims in Florida for the week ending March 21 were 74,021, up 67,558 from the 6,463 claims filed the previous week.

 

The seasonally adjusted unemployment claims in the U.S. for the week were a record 3.3 million – up 3 million from the previous week. The total represents the highest level of seasonally adjusted initial claims ever. The previous high was 695,000 in October 1982.

"This large increase in unemployment claims was not unexpected, and results from the recognition by Americans across the country that we have had to temporarily halt certain activities in order to defeat the coronavirus," U.S. Labor Secretary Eugene Scalia said.

 

Jason Schaumburg

The Center Square

Remember when Rahm Emanuel let the secret out of the bag, “Never let a crisis go to waste.” 

Just days ago, South Carolina Democrat Congressman James Clyburn repeated almost the exact same words to his Democrat colleagues. 

Clyburn said, “this is a tremendous opportunity to restructure things to fit our vision.” Meaning he wants to use a life and death Coronavirus pandemic to push through the extreme, radical, socialist agenda of Democrats, while everyone in Washington DC (including President Trump) is desperate and distracted. 

How disgusting and disgraceful. 

This latest 1400 page bill put together by Nancy Pelosi and Democrats is everything everyday Americans hate about government. It is the very definition of the worst of the DC Swamp. It is filled with totally unrelated pork to pay off Pelosi’s and Democrat’s deep-pocket supporters. It is filled with their socialist wish list that could neverpass under normal circumstances.  

But Pelosi and Democrats expect it to pass by holding you and me hostage. They know the US economy is about to collapse- literally. They know we are on the verge of a Great Depression. Actually, worse than a Great Depression. We are on the verge of 30% or higher unemployment. 

That’s higher than anything we saw in the depths of the Great Depression. 

Democrats know almost every small business in America is on the verge of bankruptcy. They must know many proud small business owners are thinking of suicide. This is a national disaster of epic proportions.

And all Democrats can think of is loading the bill to rescue the US economy with extreme, radical, ultra-liberal poison pills. If it passes, out of desperation and distraction, they get all the DC Swamp pork and payoffs they ever dreamed of. Plus, as a bonus, their socialist agenda. But if it doesn’t pass, they’ll blame President Trump and Republicans.

How cynical can you get?

What’s in Pelosi’s 1400 page bill? Arts funding; free Obamaphones; strict new affirmative action and diversity rules for corporate Boards; disgraceful giveaways to government employee unions; massive new draconian environmental rules; elimination of the Postal Service’s debt; and forcing government to favor banks owned by minorities. Add in nationwide “ballot harvesting” (ie Democrat voter fraud used to steal elections).

What does any of this have to do with a Coronavirus pandemic, or a health crisis, or an economic collapse?

In short, Pelosi’s version of a ”rescue bill” includes every extreme, radical, socialist and far left proposal Democrats have ever dreamed of. Smack dab in the middle of the worst crisis in US history.

Isn’t that called extortion? Democrats are putting a gun to the heads of President Trump, the GOP Senate and every American. Congratulations Ms. Pelosi. The Gambino Crime Family couldn’t have done a better job. 

Sadly, the Republicans are either wimps who will just roll-over in fear of the media saying something bad about them, or they are swamp creatures themselves who will add even more pork to the bill.

My advice to President Trump: Call it out. Read every offensive clause to the American people in an emergency national address to the nation. Recite the pork and payoffs. Call it what it is: mafia style extortion and fraud.

Don’t give in to extortion, Mr. President. Call them out by name with every tool and media outlet you’ve got available. Call Pelosi and Democrats exactly what they are: “Swamp Creatures who don’t care about the American people, who want to take advantage of the American people, in a life or death crisis of a lifetime.”  

Mr. President, let the American people know you will veto any bill that contains even one piece of pork- from Democrats or Republicans. Let them know that the only bill that is getting past you is one that directly helps the American people, the great American middle class, small business right NOW. Say it loud and say it often.

President Trump, the majority of people are behind you. We saw it during the trade talks when farmers were being hurt. Democrats accused President Trump of abandoning and destroying farmers. Did farmers leave the President? No, they stood strong and proudly supported him. Polls showed the highest support ever from farmers. 

The same will be the case now. 

Mr. President, go directly to the American people. Ignore the fake news mainstream media, as most Americans already do. Name names, shoot from the hip, let it fly, tell raw truth, take no prisoners. Call this what it is- mafia style extortion and fraud by the DC Swamp. Compare Peolisi and Democrats to the Gambino Crime Family. I know, my apologies for insulting the Gambinos.

The American people will stand behind you, Mr. President.

DRAIN THE SWAMP!

Wayne Allyn Root

Friday, 27 March 2020 13:53

Railing Against the Fox Virus?

 

The extra-large pack of journalists who equate liberalism and professionalism in their work cannot stand that Fox News exists. They believe everything elected Republicans do should be "fact-checked" and routinely punished. For Democrats, the elite media offer damage control; for Republicans, only damage.

The onset of the novel coronavirus is simply another occasion for the usual routine. The liberal media are prosecuting Fox for supposedly shoving Americans off a coronavirus cliff with misinformation. They're also equating misinformation with the argument that the pandemic gave them a new rationale to cripple President Donald Trump politically.

The latter is not misinformation. It's rock-solid, bank-on-it information.

Yes, the president and the conservative media were suspicious of all the worst-case scenarios and expressed skepticism about the threat. Many of us were initially reluctant to be dragged into a massive government intervention. Then Italy happened.

Ben Smith, the brand-new media columnist for The New York Times, is openly prosecuting Fox for deaths caused by the coronavirus. Smith asked Ashish Jha, director of the Harvard Global Public Health Institute, whether he "believes people will die because of Fox's coverage." Jha said yes. "Some commentators in the right-wing media spread a very specific type of misinformation that I think has been very harmful," he said.

Then Smith noted that Fox has been compared to a virus, quoting Bill Kristol, who was on Fox until 2012. "People act like Fox is a virus -- beyond our control," said Kristol. "There are people who run it, who have responsibility for it, and they could be held accountable."

Kristol is a gentleman compared to Eric Boehlert, a leftist regular on the badly named program "AM Joy." He shamelessly claimed: "Fox News has been getting people killed for years. I mean just look at their crusade against affordable health care, their crusade against expanding Medicaid. This is not unusual for them. ... (T)hey are a cancer on this country." No one is "fact-checking" that statement.

So where do we go from here? Trump suggested that perhaps the country could ease up on the social distancing restrictions by Easter Sunday. That caused another wave of rage aimed at Trump and his Fox "feedback loop."

But the media recognize, even at The New York Times, the reality that federal and state governments have to balance the nation's overall health with the nation's economy. They don't trust Trump. They trust Gov. Andrew Cuomo, whose coronavirus briefings are hailed by The Times as "communal therapy sessions." Whenever Cuomo thinks we can relax, the media will declare relaxation is the responsible, nonpartisan solution.

Cuomo has said: "I take total responsibility for shutting off the economy in terms of essential workers. But, we also have to start to plan the pivot back to economic functionality, right? You can't stop the economy forever. So we have to start to think about, 'Does everyone stay out of work?'"

On The Times podcast, "The Daily," reporter Maggie Haberman discussed at length how Fox News is warping Trump's response to the coronavirus. She admitted, "in fairness to him, Gov. Cuomo has openly voiced the same moral dilemma that he is wrestling with." But Haberman implied that Cuomo's moral stand is superior: "It's just that Gov. Cuomo came down on the other side of it, which was that there is no cost that can be put on human life."

Liberal scribes love the noble-sounding ideological extreme "no cost can be put on human life." It's like they've never observed the way a socialist health care system mercilessly rations care and decides some lives aren't worth extending. But they'll just keep lamenting that the country's well of information is poisoned by the news channel they pretend is the only ideologically polarized one.

                Tim Graham

To fight the coronavirus at home, France is removing all military forces from Iraq.

When NATO scaled back its war games in Europe because of the pandemic, Russia reciprocated. Moscow announced it would cancel its war games along NATO's border.

Nations seem to be recognizing and responding to the grim new geostrategic reality of March 2020: The pandemic is the real enemy of us all, and while we fight it, each in his own national corner, we are in this together.

Never allow a serious crisis to go to waste, said Barack Obama's chief of staff Rahm Emanuel during the financial crisis.

Emanuel was echoed this month by House Majority Whip Rep. James Clyburn (D), who called the coronavirus crisis "a tremendous opportunity to restructure things to fit our vision."

What Clyburn had in mind is what Democrats advanced as their alternative to the $2.2 trillion emergency bill. It was designed to force President Trump either to swallow it whole or to take responsibility for vetoing a critical transfusion of federal funds to keep the economy alive.

Among the items stuffed in the Democrats' proposal:

A $15-an-hour minimum wage imposed on companies receiving funds. Blanket loan forgiveness of $10,000 for students. New tax credits for solar and wind energy. Full funding of Planned Parenthood. Federal dollars for fetal tissue research.

$300 million for PBS, which has been promoting the LBGT agenda to school kids. Mandating "diversity" on corporate boards as a condition of companies receiving funds. Election "reforms" to increase Democratic turnout. Insistence that airlines, to get a bailout, offset carbon emissions from jet engines. $35 million for the Kennedy Center.

Majority Leader Mitch McConnell and congressional Republicans ash-canned almost the leftist wish list.

But Trump should go further, turn the tables, and seize this crisis to do what he was elected to do -- impose a new foreign policy.

Isolate America, not from the world, but from the world's wars.

The New York Times and Washington Post editorialized Thursday for an easing of the economic sanctions we have imposed on Iran.

This would be a humanitarian gesture when Iran is suffering more than any country in the Middle East from the virus. More than that, it would be a statement that America is not at war with the Iranian people.

This unilateral gesture by Trump, asking nothing in return except negotiations, would put the onus for Iran's isolation squarely with the ayatollah and his regime.

As for Vladimir Putin's cancellation of war games in response to NATO's cancellation, Trump could seize upon this as an opening to engage Russia as candidate Trump promised to do.

Does anyone believe Putin wants a war with NATO?

Should he do so, does anyone think Italy and Spain, two of the largest NATO allies, but both suffering greatly in the coronavirus crisis, would invoke Article V and declare war on Russia?

When Hitler was our foe, America created a wartime alliance with Stalin in the common cause of crushing the Axis powers. Liberals and leftists yet defend the Popular Front between the democracies and Stalin. If we could unite with Bolsheviks to defeat Nazis, surely we can join with Iran's rulers to cope with and crush the coronavirus.

When, if ever, will there be a better time to make good on Trump's campaign pledge to extricate America from the wars in Syria, Iraq and Afghanistan?

Consider also the Korean Peninsula.

Kim Jong Un has been testing rockets again over the Sea of Japan.

Transfixed by the coronavirus crisis, however, the world is paying him no attention. We should make a final offer to Kim Jong Un to pull our U.S. forces from South Korea and lift sanctions for verifiable reductions and restraints on his nuclear arsenal.

We are ready for a deal. But If Pyongyang refuses to talk, we should tell him we are going home and are allowing South Korea and Japan to develop their own nuclear weapons. And let Kim deal with them.

The coronavirus pandemic is the greatest crisis since the Cuban missile confrontation of 1962. After that crisis, John F. Kennedy sought to use the world's brush with Armageddon to establish a detente with the Soviet Union of the Communist dictator who had put the missiles in Cuba.

Following our Cold War victory, we have not done that. Instead, we plunged into wars that were none of our business to deal with imagined threats and advance utopian causes like establishing Jeffersonian democracy in lands where tribalism and dogmatism are rooted in the very soil.

The coronavirus is the enemy Saddam Hussein never was. And the ayatollahs never had tens of millions of Americans "sheltering in place."

What the coronavirus crisis tells us is not that we should turn our backs on the world but that, in engaging with the world, we should put our own interests first, as every nation in the world is doing now.

patrick buchanan small               

Patrick J. Buchanan

 

                Congress and the Trump administration must act swiftly to send a lifeline to citizens and an economy reeling from the ravages of the coronavirus. The aid will come as welcome relief to many Americans, but lawmakers can't allow this unprecedented spending all to sit on the nation's credit card.

                The $2 trillion stimulus package -- the third round of virus aid from the federal government and by far the largest -- as of late Wednesday was on hold but passage is expected and would further add to America's huge deficit. We've already reached a $1 trillion budget shortfall. And our national debt is rushing toward the $24 trillion mark. The Congressional Budget Office in 2019 warned that unless major tax and spending changes are made, that federal debt was on an "unsustainable" course.

                That reality isn't going away.

                The latest 1,000-page aid deal reached in the Senate is slightly better than a House version that included a host of unrelated, pet spending projects.

                More than anything, Democrats have taken their most egregious requests and toned them down. Still included is funding for the National Endowment for the Arts and National Endowment for the Humanities; the Kennedy Center for the Performing Arts in Washington, D.C.; loans for the U.S. Postal Service; and tax provisions that encourage employers to offer employees student debt relief. About $150 billion will head to state and local governments, which will likely go toward bailing out underfunded employee pensions.

                It's a far cry from the targeted and temporary legislation lawmakers should have pursued.

                "This is a less bad version, and it's reduced in scope, but the nature of the policies is still in there," says Romina Boccia, a fiscal and economic expert at The Heritage Foundation. "It's so full of pork-barrel spending it's appalling."

                The final version will offer the following relief:

                --Payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child.

                --About $500 billion, including $50 billion for U.S. airlines, to back loans and assistance to companies, in addition to state and local governments.

                --More than $350 billion to small businesses.

                --$150 billion for hospitals and other health-care providers for equipment and supplies.

                --Unemployment insurance extension to four months, at a higher rate.

                The federal government has a vital role to play during emergencies like we're facing now.

                But it should always be mindful of the debt. The gross national debt already exceeds the size of the U.S. economy. A crisis demands discipline and sacrifice. Congress and the president should commit to getting at least half of the stimulus funds from spending cuts.

                "Unless Congress acts to reform what's driving this growing spending, the resulting economic decline, as well as legislative fiscal measures to mitigate the economic damage, will heighten the risks of a public debt crisis," Boccia recently observed.

                These dangerous levels of debt will create uncertainty and have a damaging effect on future growth.

                Congress must also learn from this crisis and keep the country prepared for such a pandemic or other wide-scale emergency in the future by leaving space in the budget for these national needs -- and not using the funding for more enticing, politically advantageous projects.

                Taxpayers should demand it.

This system works if you are like most people that have multiple debts, a few credit cards, car loans, student debt, mortgage etc etc.

Lets look at credit cards.. most people send a bit more than the actual minimum due to all their cards...

The best way to actually eliminate you debt is to write down all your debt from smallest amount to largest...

Then write down the minimum payment next to it and write down how much you are actually sending to that card monthly....

Subtract the minimum due from the amount you are currently sending and put the difference in another column...

Do this for every debt you are sending more than the minimum montly payment to.....

Then add up all the additional money over the minimum due that you are sending in total.....

NOW send that total amount to your smallest debt in addition to it's minimum due ......

 

So lets say you have 4 credit cards you are sending an additonal $50 a month to... so you are actually sending an extra $200 a month spread out over the 4 cards....

To pay off debt just send that extra $200 a month to your lowest debt that has lets say a minimum due of $35 ....so you are sending them now $235 each month and only the minimum due to all others..

You will pay off that card soon and you didn't change your monthly expenses....

Then when the card is paid off you add that payment of $235 (the total you were sending to the previous lowest balance card) to the next lowest balance card that lets say that one has a minimum due of $75 a month... you are now sending them $310 a month...

When that one is paid off you send the additional $310 to the next card that has lets say a $100 minimum due monthly... now you are sending them $410 until that is paid off and then you do that with the fourth card that has a minimum due of lets say $125 a month... you are now sending them $535 a month... ..... continue this until all cards are paid off the total amount is now going to your next credit/loan... lets say a car lone... at this point you should be sending an additional $535 a month to your car loan which has a monthly payment of $365 a month ....  you are now sending them $900 a month (make sure you send the additional $535 as a seperate payment marked "principle only").... soon your car loan will be paid off and you can send the additional $900 to your mortgage (AGAIN....make sure you send the additional $900 as a seperate payment marked "principle only")......you can see how this will quickly pay off your debt without increasing your budget

Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?"

Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.

see video at this link:

https://www.economicprinciples.org/

250x250

digital version