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The Pronk Pops Show 946, August 15, 2017, Story 1: Trump Takes On Government Regulation Permitting Process for Infrastructure With Executive Order — Videos Story 2: President Trump Takes On Corporate Executives Manufacturing Abroad and Big Lie Media On Charlottesville — I Need The Facts — Videos — Story 3: Will Trump Cave To Critics of Bannon? If Trump Does He Will Lose A Large Part Of His Voter Base And Some Talk Radio Supporters — Videos

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Pronk Pops Show 946, August 15, 2017

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Image result for president trump permitting process august 15, 2017 press conferenceImage result for branco cartoons president trump on infrastructure 2017Image result for branco cartoons on antifaImage result for branco cartoons president trump on infrastructure 2017Image result for jack web just the facts

Story 1: Trump Takes On Government Regulation Permitting Process for Infrastructure With Executive Order — Videos 

President Donald Trump Full EXPLOSIVE Press Conference 8/15/17

 

Trump Says ‘Both Sides’ to Blame in Charlottesville Violence

Remarks at odds with day-earlier statement condemning white supremacists

Trump Again Blames Both Sides for Charlottesville Violence
Responding to questions at a news conference Tuesday, President Donald Trump said “both sides” are to blame for violent weekend clashes in Charlottesville, Va. Here’s the 17-minute exchange with reporters. Photo: Pablo Martinez Monsivais/Associated Press

NEW YORK—President Donald Trump, in a combative news conference on Tuesday, defended his response to the racially charged protests over the weekend, saying both sides were to blame for the clashes in Charlottesville, Va.

“There is blame on both sides, and I have no doubt about it,” Mr. Trump said of the confrontation between white nationalist protesters holding a demonstration in the city and the counterprotesters facing off against them.

“You had a group on one side that was bad and you had a group on the other side that was also very violent and nobody wants to say that but I’ll say it right now,” he said, adding that there were “very fine people, on both sides.”

Mr. Trump’s remarks were at odds with his statement on Monday that singled out white supremacists for blame and was issued after the president faced heavy pressure for failing to do so two days earlier. One woman was killed during the violence when a car driven by an alleged white supremacist plowed into a crowd.

Explaining Tuesday why he waited to call out white nationalist groups such as the Ku Klux Klan and neo-Nazis by name, Mr. Trump said: “Before I make a statement, I need the facts.”

The news conference was his first at Trump Tower since taking office, and was the most confrontational appearance since his last news conference at his New York skyscraper on Jan. 11, when he got into a shouting match with a CNN reporter.

Although the focus of the event was on Mr. Trump’s efforts to ease regulations and speed up infrastructure projects, the inquiries from reporters were almost exclusively about Mr. Trump’s handling of the protests, and why it took him three days to single out neo-Nazis or white nationalists, who organized the weekend rally.

Out of nearly two dozen questions aimed at the president, just one was about infrastructure. He received no questions about North Korea’s recent decision to back off its threat to fire missiles at Guam, or his first trade action aimed at China, which was announced on Monday.

An increasingly agitated president responded by calling the counterprotesters, who ranged from liberal activists, members of the clergy and students, the “alt-left”—a play on the term “alt-right” that is a catchall phrase for far-right groups that embrace tenets of white supremacy or reject mainstream conservatism.

He suggested there was a slippery slope from removing a statute of Civil War General Robert E. Lee, which sparked the demonstration, and scrubbing from history former Presidents George Washington and Thomas Jefferson, who owned slaves.

“What about the alt-left that came charging at the, as you say, the alt-right? Do they have any semblance of guilt?” he said. “What about the fact that they came charging with their clubs in their hands, swinging clubs? Do they have any problem? I think they do.”

The president’s comments were praised by former Ku Klux Klan leader David Duke, who, on Twitter, thanked Mr. Trump for his “honor and courage to tell the truth about Charlottesville and condemn the leftist terrorists.” Mr. Duke ran for Senate as a Republican.

The tweet drew immediate rebukes from some Republicans, including U.S. Rep. Will Hurd of Texas, one of his party’s few black congressmen.

“I don’t think anybody should be looking at getting props from a grand dragon from the KKK as a definition of success,” Mr. Hurd said on CNN, adding that the president should “stick to the teleprompter and not go off the cuff.”

House Speaker Paul Ryan (R., Wis), who has often defended Mr. Trump this year, moved quickly to separate himself from the president’s remarks at Trump Tower.

“We must be clear,” Mr. Ryan posted on Twitter. “White supremacy is repulsive. This bigotry is counter to all this country stands for. There can be no moral ambiguity.”

Sen. Brian Schatz (D., Hawaii) tweeted: “As a Jew, as an American, as a human, words cannot express my disgust and disappointment. This is not my President.”

Republican National Committee spokeswoman Kayleigh McEnany tweeted that the president “once again denounced hate today. The GOP stands behind his message of love and inclusiveness!”

Following days of criticism about his handling of Charlottesville, Mr. Trump came to the news conference aggrieved about his treatment, two advisers to the president said. One said he had been “stunned” by the reaction over the past few days and was feeling “overwhelming pressure.” Mr. Trump could have parried questions by referring to his statement on Monday singling out white nationalist groups by name. Instead, he gave the most extensive public comments on the episode to date.

One adviser to the president, speaking before the news conference, said Mr. Trump was facing pressure from aides, family and friends to clarify his statement on Saturday and condemn more directly the white nationalist protesters. The danger to Mr. Trump is that divisive racial rhetoric will leave him isolated, this person said.

“Congress will run from him. Any normal person will run from him,” he said.

Mr. Trump also was asked about his chief strategist, Steve Bannon, and his future in the White House.

The president has been urged to fire Mr. Bannon by other top White House officials, some Republican lawmakers, as well as Nancy Pelosi, the top Democrat in the U.S. House. But on Tuesday, the president called Mr. Bannon a “friend” and suggested he was safe, at least for now.

Mr. Bannon, who helped steer Mr. Trump’s election victory, joined the campaign from Breitbart News, which he once described as a “platform for the alt-right.” Brietbart has published such articles as “Hoist It High And Proud: The Confederate Flag Proclaims A Glorious Heritage.”

“We’ll see what happens with Mr. Bannon, but he’s a good person,” Mr. Trump said. “He is not a racist, I can tell you that.”

Some conservatives, though, said Mr. Trump is ill-served by Mr. Bannon’s presence in the West Wing, and calls for his ouster have risen since the Charlottesville violence.

Karl Rove, a former senior official in President George W. Bush’s White House and an op-ed writer for The Wall Street Journal, said Mr. Bannon’s ideology is out of step with that of Republican and conservative thought. “I personally believe that Bannon’s mind-set is unhelpful to the president,” Mr. Rove said. “The idea of blowing up the Republican Party and helping the alt-right infiltrate the conservative movement is unhelpful to my party and my cause.”

Mr. Trump said some protesters Saturday weren’t white supremacists but people there to protest the removal of the Robert E. Lee statute.

“I’ve condemned neo-Nazis,” he said. “I’ve condemned many different groups. But not all of those people were neo-Nazis, believe me. Not all of those people were white supremacists, by any stretch. Those people were there because they wanted to protest the taking down of a statue, Robert E. Lee.”

Mr. Trump also was asked about the executives who had left White House advisory positions in the wake of his slow condemnation of white nationalists.

He said: “Because they’re not taking their jobs seriously as it pertains to this country. … They’re leaving out of embarrassment because they’re making their products outside” of the country.

https://www.wsj.com/articles/trump-says-both-sides-to-blame-in-charlottesville-violence-reversing-mondays-stance-1502830785

 

Story 2: President Trump Takes On Corporate Executives Manufacturing Abroad and Big Lie Media On Charlottesville — I Need The Facts — Videos —

President Donald Trump: Saturday’s Statement On Charlottesville Was A ‘Fine Statement’ | CNBC

Jack Webb Schools Obama on Respect for Police

Jack Webb and Harry Morgan grill Obama on healthcare

Jack Webb | Red Nightmare (1962) [Drama]

Dragnet 1967 – The Big Explosion

Published on Feb 26, 2011

Friday and Gannon investigate a burglary involving the theft of 400 pounds of high velocity gelatin dynamite from a consumer storage magazine. Friday and Gannon soon find out that the dynamite is used for something more sinister and deadly.

 

Story 3: Will Trump Cave To Critics of Bannion? — Videos

Image result for stephen bannon

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Bannon could be gone ‘by the end of the week’: New claim of a Friday massacre in the cards for Trump’s chief strategist – and ally Sebastian Gorka could be next

  • Reports swirl that White House chief strategist Steve Bannon could be out of a job by week’s end
  • Trump administration is silent on the question but New York Times and CBS News paint a bleak picture for former Breitbart News executive chairman 
  • Fox News CEO Rupert Murdoch has urged the president to fire Bannon
  • White House aide: Bannon ‘never expected to be here forever … but it’s not like his people are opening packages of banker’s boxes’ to collect their things
  • Another senior aide says flatly: ‘Steve’s staying’
  • Fellow nationalist Sebastian Gorka is seen as possible next domino to fall as new chief of staff tries to bring order to the West Wing 

White House chief strategist Steve Bannon is a marked man, according to news reports and sources inside the West Wing who see the nationalist Trump-whisperer’s political hourglass quickly losing sand.

CBS News reported Monday night that the axe could fall as soon as Friday on the man credited with arranging the president’s marriage to millions of angry white working-class voters last year.

The former Breitbart News executive chairman was once an equal partner in a ruling triumvirate of deputies that included Chief of Staff Reince Priebus and presidential son-in-law Jared Kushner.

But Priebus’s star ran out of fuel last month. And his successor John Kelly is a no-nonsense retired Marine Corps general seen as a walking antidote to the chaos that marked Trump’s first half-year in office.

That prescription could oust a man known more for his Machiavellian streak than for playing well with others.

Reports swirled on Tuesday that White House chief strategist Steve Bannon could be out of a job by week's end

Reports swirled on Tuesday that White House chief strategist Steve Bannon could be out of a job by week’s end

Fellow nationalist Sebastian Gorka is seen as possible next domino to fall as new chief of staff tries to bring order to the West Wing

Fellow nationalist Sebastian Gorka is seen as possible next domino to fall as new chief of staff tries to bring order to the West Wing

Also looking over his shoulder is Sebastian Gorka, a hard-charging former Brietbart writer who speaks for the White House on terrorism and national security matters despite having no role with the National Security Council.

The Hill reported Tuesday that the administration has been slow to defend Gorka, but that National Security Advisor H.R. McMaster has so far been unable to sideline him.

Bannon has been accused of leveraging his relationships in the conservative media to undermine McMaster and National Economic Council chair Gary Cohn.

And he has feuded endlessly with Kushner, whose family ties with the president gave him a natural and undeniable leg up in any squabble.

President Trump has shown no public indication about whether Bannon has worn out his welcome.

Bannon himself did not respond to a request for comment on Tuesday.

On Tuesday Bannon’s closest associates at the White House denied that he’s on the outs, even as The New York Times reported that he’s been placed in a sort of ‘internal exile’ without any precious presidential face-time.

‘He never expected to be here forever. That much is true,’ one aide told DailyMail.com on Tuesday, reacting to the Times’ description of Bannon’s fading fortunes.

‘But it’s not like his people are opening packages of banker’s boxes’ to collect their things, the source cautioned.

A second White House aide said flatly: ‘Steve’s staying’ – but wouldn’t elaborate.

The dissenting views are an indication of how warring factions in the White House can put contradictory spin on power struggles.

During an appearance on CBS' Late Show with Stephen Colbert, former White House communications director Anthony Scaramucci said Bannon should get his walking papers

During an appearance on CBS’ Late Show with Stephen Colbert, former White House communications director Anthony Scaramucci said Bannon should get his walking papers

Bannon was Trump's campaign CEO who was widely credited with arranging the president's marriage to millions of angry white working-class voters last year

Bannon was Trump’s campaign CEO who was widely credited with arranging the president’s marriage to millions of angry white working-class voters last year

North Carolina Republican Rep. Mark Meadows, who chairs the conservative House Freedom Caucus, cautioned to the Times that right-wing America sees Bannon as its eyes and ears at 1600 Pennsylvania Avenue.

Without the 63-year-old swashbuckler, he said, ‘there is a concern among conservatives that Washington, D.C., will influence the president in a way that moves him away from those voters that put him in the White House.’

Bannon and Gorka are the heart of the Trump administration’s intersection with the ‘alt-right,’ a conservative fringe that has become an easy target because of its uneasy mingling with white supremacist and anti-Semitic influences.

‘If he doesn’t want this to consume his presidency, he needs to purge anyone involved with the alt-right,’ former Ted Cruz campaign spokesman Rick Tyler told The Hill.

‘Breitbart has become a pejorative … You can’t allow the Oval Office to be a vehicle for the alt-right.’

The Times also reported that media mogul Rupert Murdoch, the CEO of Fox News, has urged Trump to cut Bannon loose.

Murdoch made his comments about Bannon during dinner with Trump, new White House chief of staff Gen. John Kelly, and his son-in-law Jared Kushner at Trump’s private golf club on August 4, according to the Times.

During the dinner, Trump vented about his frustrations with Bannon and did not push back.

Media mogul Rupert Murdoch reportedly urged Trump to fire Bannon and the president offered no pushback

Media mogul Rupert Murdoch reportedly urged Trump to fire Bannon and the president offered no pushback

Bannon and Trump, pictured on the third day of the president's term in office, were once inseparable but are now estranged 

Bannon and Trump, pictured on the third day of the president’s term in office, were once inseparable but are now estranged

During an appearance on CBS’ Late Show with Stephen Colbert, former White House communications director Anthony Scaramucci discussed if he thought Bannon was ‘a leaker’ in the White House.

‘I said he was, and I obviously got caught on tape saying he was, so I have no problem saying that,’ Scaramucci replied.

‘If it was up to me, he would be gone,’ continued Scaramucci. ‘But it’s not up to me.’

Asked if he believed Bannon was a white supremacist, a passive-aggressive Scaramucci replied: ‘I don’t think he’s a white supremacist though I’ve never asked him.’

‘What I don’t like is the toleration of it, for me it’s something that should not be tolerated.’

This is not the first time Scaramucci expressed his feelings over Bannon, who previously called Breitbart a ‘platform for the alt-right.’

Over the weekend Scaramucci blamed Bannon’s ideology for some of the president’s recent missteps, including Trump’s response to the violence in Charlottesville, Virginia on Saturday.

The president initially condemned the Saturday incident as an ‘egregious display of hatred, bigotry and violence on many sides – on many sides,’ a phrase that led some to believe he was tacitly supporting racism.

But on Monday, under pressure from critics, Trump said that ‘racism is evil’ and described members of the Ku Klux Klan, neo-Nazis and white supremacists who take part in violence as ‘criminals and thugs.’

House Minority Leader Nancy Pelosi called for Trump to fire Bannon anyway.

http://www.dailymail.co.uk/news/article-4792752/Steve-Bannon-gone-end-week.html#ixzz4prpJ7eoa

 

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The Pronk Pops Show 942, August 8, 2017, Story 1: Trump’s Fire and Fury Over The Nuclear Club’s New Member, North Korea — On The Brink of Nuclear Arms Race and Proliferation — Duck and Cover — Videos — Story 2: President Trump’s Golden Opportunity To Negotiate With Communist China — Destroy North Korea’s Nuclear and Missile Capabilities Or Face A Total Trade and Investment Ban With The United States — China Enabled North Korea Now It Must Disable Their Nuclear and Missile Forces No Later Than 1 January 2018 — Videos

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Pronk Pops Show 942, August 8, 2017

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Pronk Pops Show 938, August 1, 2017

Pronk Pops Show 937, July 31, 2017

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Pronk Pops Show 934, July 25, 2017

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Pronk Pops Show 932, July 20, 2017

Pronk Pops Show 931, July 19, 2017

Pronk Pops Show 930, July 18, 2017

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Pronk Pops Show 928, July 13, 2017

Pronk Pops Show 927, July 12, 2017

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Pronk Pops Show 924, July 6, 2017

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Pronk Pops Show 922, July 3, 2017

Pronk Pops Show 921, June 29, 2017

Pronk Pops Show 920, June 28, 2017

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Pronk Pops Show 911, June 14, 2017

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Pronk Pops Show 900, May 25, 2017

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Pronk Pops Show 897, May 22, 2017

Pronk Pops Show 896, May 18, 2017

Pronk Pops Show 895, May 17, 2017

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Pronk Pops Show 893, May 15, 2017

Pronk Pops Show 892, May 12, 2017

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Pronk Pops Show 890, May 10, 2017

Pronk Pops Show 889, May 9, 2017

Pronk Pops Show 888, May 8, 2017

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Pronk Pops Show 885, May 3, 2017

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Pronk Pops Show 883 April 28, 2017

Pronk Pops Show 882: April 27, 2017

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Pronk Pops Show 880: April 25, 2017

Pronk Pops Show 879: April 24, 2017

Pronk Pops Show 878: April 21, 2017

Pronk Pops Show 877: April 20, 2017

Pronk Pops Show 876: April 19, 2017

Pronk Pops Show 875: April 18, 2017

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Pronk Pops Show 873: April 13, 2017

Pronk Pops Show 872: April 12, 2017

Pronk Pops Show 871: April 11, 2017

Pronk Pops Show 870: April 10, 2017

Pronk Pops Show 869: April 7, 2017

Pronk Pops Show 868: April 6, 2017

Pronk Pops Show 867: April 5, 2017

Pronk Pops Show 866: April 3, 2017

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 Story 1: Trump’s Fire and Fury Over The Nuclear Club’s New Member, North Korea — On The Brink of Nuclear Arms Race and Proliferation — Duck and Cover — Videos

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President Trump THREATS North Korea with “FIRE & FURY Like the World’s Never Seen” 8/8/2017 video

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New Statement from James Mattis on North Korea!

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North Korea is a template for Trump: Mark Steyn

General J. Clapper Compares Donald Trump To Kim Jong Un after Latest Statement – Anderson Cooper

Ret. Gen. McInerney – We Should Respond By Destroying North Korea In 15 Minutes

Sebastian Gorka on North Korea and President Trump!

08/05/17 H.R. McMaster on MSNBC w/Hugh Hewitt – 1

08/05/17 – H.R. McMaster on MSNBC w/Hugh Hewitt – 2

08/05/17 – H.R. McMaster on MSNBC w/Hugh Hewitt – 3

08/05/17 – H.R. McMaster on MSNBC w/Hugh Hewitt – 4

‘North Korea would Lose in Nuclear War with USA’ Chief of Staff

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Vera Lynn – We’ll Meet Again (Dr. Strangelove Ending Updated)

Dr. Strangelove: The Hilarity of Nuclear Annihilation

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Trump warns North Korea threats ‘will be met with fire and fury’

  • President Donald Trump warns that threats from North Korea “will be met with fire and fury like the world has never seen.”
  • North Korea has successfully created a miniaturized nuclear weapon that can fit in its missiles, according to NBC News and The Washington Post.

Jacob Pramuk

Trump: North korea will be met with fire and fury

President Trump: North Korea will be met with ‘fire and fury’  39 Mins Ago | 00:27

President Donald Trump on Tuesday warned North Korea about facing “fire and fury” if the isolated nation makes more threats to the United States.

“They will be met with fire and fury like the world has never seen. He has been very threatening … and I said they will be met with fire, fury and frankly power the likes of which this world has never seen before,” Trump told reporters during what he calls a “working vacation” at his New Jersey golf club.

His comments came hours after revelations Pyongyang has successfully created a miniaturized nuclear weapon designed to fit inside its missiles.

The development raises the stakes for Trump and other world leaders, who already faced difficult and limited options in dealing with North Korea’s aggression.

The U.N. Security Council on Saturday unanimously put new sanctions on North Korea over its continued missile tests. The country has tested two intercontinental ballistic missiles that landed off the coast of Japan this year. Some analysis has said one of those missiles could potentially reach the mainland United States.

https://www.cnbc.com/2017/08/08/trump-warns-north-korea-threats-will-be-met-with-fire-and-fury.html

North Korea now making missile-ready nuclear weapons, U.S. analysts say

A confidential assessment by the Defense Intelligence Agency says that North Korea has already developed a miniaturized nuclear weapon that can fit on top of an ICBM. (The Washington Post)
 August 8 at 12:09 PM
North Korea has successfully produced a miniaturized nuclear warhead that can fit inside its missiles, crossing a key threshold on the path to becoming a full-fledged nuclear power, U.S. intelligence officials have concluded in a confidential assessment.The new analysis completed last month by the Defense Intelligence Agency comes on the heels of another intelligence assessment that sharply raises the official estimate for the total number of bombs in the communist country’s atomic arsenal. The U.S. calculated last month that up to 60 nuclear weapons are now controlled by North Korean leader Kim Jong Un. Some independent experts believe the number of bombs is much smaller.

The findings are likely to deepen concerns about an evolving North Korean military threat that appears to be advancing far more rapidly than many experts had predicted. U.S. officials last month concluded that Pyongyang is also outpacing expectations in its effort to build an intercontinental ballistic missile capable of striking cities on the American mainland.

While more than a decade has passed since North Korea’s first nuclear detonation, many analysts believed it would be years before the country’s weapons scientists could design a compact warhead that could be delivered by missile to distant targets. But the new assessment, a summary document dated July 28, concludes that this critical milestone has already been reached.

“The IC [intelligence community] assesses North Korea has produced nuclear weapons for ballistic missile delivery, to include delivery by ICBM-class missiles,” the assessment states, in an excerpt read to The Washington Post. The assessment’s broad conclusions were verified by two U.S. officials familiar with the document. It is not yet known whether the reclusive regime has successfully tested the smaller design, although North Korea officially last year claimed to have done so.

The DIA and the Office of the Director of National Intelligence declined to comment.

An assessment this week by the Japanese Ministry of Defense also concludes there is evidence to suggest that North Korea has achieved miniaturization.

Kim Jong Un is becoming increasingly confident in the reliability of his nuclear arsenal, analysts have concluded, explaining perhaps the dictator’s willingness to engage in defiant behavior, including missile tests that have drawn criticism even from North Korea’s closest ally, China. On Saturday, both China and Russia joined other members of the U.N. Security Council in approving punishing new economic sanctions, including a ban on exports that supply up to a third of North Korea’s annual $3 billion earnings.

The nuclear progress further raises the stakes for President Trump, who has vowed that North Korea will never be allowed to threaten the United States with nuclear weapons. In an interview broadcast Saturday on MSNBC’s Hugh Hewitt Show, national security adviser H.R. McMaster said the prospect of a North Korea armed with nuclear-tipped ICBMs would be “intolerable, from the president’s perspective.”

“We have to provide all options . . . and that includes a military option,” he said. But McMaster said the administration would do everything short of war to “pressure Kim Jong Un and those around him, such that they conclude it is in their interest to denuclearize.” The options said to be under discussion ranged from new multilateral negotiations to reintroducing U.S. battlefield nuclear weapons to the Korean Peninsula, officials familiar with internal discussions said.

Determining the precise makeup of North Korea’s nuclear arsenal has long been a difficult challenge for intelligence professionals because of the regime’s culture of extreme secrecy and insularity. The country’s weapons scientists have conducted five nuclear tests since 2006, the latest being a 20- to 30-kiloton detonation on Sept. 9, 2016, that produced a blast estimated to be up to twice that of the bomb dropped on Hiroshima, Japan, in 1945.

But producing a compact nuclear warhead that can fit inside a missile is a technically demanding feat, one that many analysts believed was still beyond North Korea’s grasp. Last year, state-run media in Pyongyang displayed a spherical device that government spokesmen described as a miniaturized nuclear warhead, but whether it was a real bomb remained unclear. North Korean officials described the September detonation as a successful test of a small warhead designed to fit on a missile, though many experts were skeptical of the claim.

Kim has repeatedly proclaimed his intention to field a fleet of nuclear-tipped ICBMs as a guarantor of his regime’s survival. His regime took a major step toward that goal last month with the first successful tests of a missile with intercontinental range. Video analysis of the latest test revealed that the missile caught fire and apparently disintegrated as it plunged back toward Earth’s surface, suggesting North Korea’s engineers are not yet capable of building a reentry vehicle that can carry the warhead safely through the upper atmosphere. But U.S. analysts and many independent experts believe that this hurdle will be overcome by late next year.

“What initially looked like a slow-motion Cuban missile crisis is now looking more like the Manhattan Project, just barreling along,” said Robert Litwak, a nonproliferation expert at the Woodrow Wilson International Center for Scholars and author of “Preventing North Korea’s Nuclear Breakout,” published by the center this year. “There’s a sense of urgency behind the program that is new to the Kim Jong Un era.”

While few discount North Korea’s progress, some prominent U.S. experts warned against the danger of overestimating the threat. Siegfried Hecker, director emeritus of the Los Alamos National Laboratory and the last known U.S. official to personally inspect North Korea’s nuclear facilities, has calculated the size of North Korea’s arsenal at no more than 20 to 25 bombs. Hecker warned of potential risks that can come from making Kim into a bigger menace than he actually is.

“Overselling is particularly dangerous,” said Hecker, who visited North Korea seven times between 2004 and 2010 and met with key leaders of the country’s weapons programs. “Some like to depict Kim as being crazy — a madman — and that makes the public believe that the guy is undeterrable. He’s not crazy and he’s not suicidal. And he’s not even unpredictable.”

“The real threat,” Hecker said, “is we’re going to stumble into a nuclear war on the Korean Peninsula.”

In the past, U.S. intelligence agencies have occasionally overestimated the North Korean threat. In the early 2000s, the George W. Bush administration assessed that Pyongyang was close to developing an ICBM that could strike the U.S. mainland — a prediction that missed the mark by more than a decade. More recently, however, analysts and policymakers have been taken repeatedly by surprise as North Korea achieved key milestones months or years ahead of schedule, noted Jeffrey Lewis, director of the Center for Nonproliferation Studies’ East Asia Nonproliferation Program. There was similar skepticism about China’s capabilities in the early 1960s, said Lewis, who has studied that country’s pathway to a successful nuclear test in 1964.

“There is no reason to think that the North Koreans aren’t making the same progress after so many successful nuclear explosions,” Lewis said. “The big question is why do we hold the North Koreans to a different standard than we held [Joseph] Stalin’s Soviet Union or Mao Zedong’s China? North Korea is testing underground, so we’re always going to lack a lot of details. But it seems to me a lot of people are insisting on impossible levels of proof because they simply don’t want to accept what should be pretty obvious.”

Fifield reported from Krabi, Thailand. Yuki Oda in Tokyo contributed to this report.

https://www.washingtonpost.com/world/national-security/north-korea-now-making-missile-ready-nuclear-weapons-us-analysts-say/2017/08/08/e14b882a-7b6b-11e7-9d08-b79f191668ed_story.html?utm_term=.44fcf2bba791

 

The right way to play the China card on North Korea


The successful test-fire of the intercontinental ballistic missile Hwasong-14 at an undisclosed location. (Korean Central News Agency/Agence France-Presse via Getty Images)
 July 5

Jake Sullivan was national security adviser to Vice President Joe Biden and director of policy planning in the Obama administration. Victor Cha is former director for Asian affairs on the National Security Council and served as deputy head of the U.S. delegation for the six-party talks in the George W. Bush administration.

North Korea’s July 4 intercontinental ballistic missile test raises hard questions for the Trump administration: Is there any path forward that does not lead either to war or to living with a nuclear North Korea that can hit the continental United States? Can effective diplomacy prevent the “major, major conflict” that President Trump has talked about?

There is growing recognition that the old playbook won’t work. Reviving old agreements North Korea has already broken would be fruitless. The Chinese won’t deliver on meaningful pressure. And a military strike could lead to all-out war resulting in millions of casualties. We need to consider a new approach to diplomacy.

That means playing the China card, but not the way it has been played until now. It’s not enough to ask China to pressure Pyongyang to set up a U.S.-North Korea negotiation. China has to be a central part of the negotiation, too. China, rather than the United States, should be paying for North Korea to halt and roll back its nuclear and missile programs. Here’s the logic.

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The best option would be for China to agree to work with us and South Korea toward getting new leadership in North Korea that is less obsessed with weapons of mass destruction. But this is unlikely to happen in the foreseeable future for a litany of reasons: China’s historical ties to its little communist brother; its concerns about regime collapse; its uncertainty about alternative viable power centers to the Kim family; its mistrust of U.S. motives; and its strained relations with South Korea.

The next option would be for China to cut off, or at least severely curtail, its commerce with North Korea, which accounts for 85 to 90 percent of North Korea’s trade, to restrain Pyongyang. But as Trump has recognized in recent tweets, China is unlikely to go this far right now, for the same reasons.

So we are left with a less dramatic form of carrots-and-sticks diplomacy, backed by increasing pressure. But it can’t be a repeat of previous rounds.

In the past, China has largely left it to the United States to put inducements on the table. Together the nuclear agreements executed by the Clinton and George W. Bush administrations cost the United States a half-billion dollars for denuclearization via monthly energy-assistance payments to Pyongyang. (Japan and South Korea also paid their fair share; China paid only a small amount in the Bush agreement.) Meanwhile, China continued to enjoy its trade relationship with North Korea, extracting mineral resources at a fraction of world market prices.

Now China is back, pushing us to the bargaining table, as evidenced by its statement with Russia after Tuesday’s missile test calling for the United States to give up military exercises in exchange for a missile-testing freeze.

According to a confidential assessment by the Pentagon’s Defense Intelligence Agency, North Korea will be able to field a reliable, nuclear-capable intercontinental ballistic missile as early as next year. (The Washington Post)

We should reject the freeze-for- freeze. But beyond that, we should tell China that it has to pay to play. The basic trade would be Chinese disbursements to Pyongyang, as well as security assurances, in return for constraints on North Korea’s program. China would be paying not just for North Korean coal, but for North Korean compliance.

In a Chinese freeze-and-rollback agreement, the International Atomic Energy Agency would monitor compliance. If North Korea cheated, China would not be receiving what it paid for. The logical thing would be for it to withhold economic benefits until compliance resumed.

Of course, China might continue to fund the regime anyway. Or North Korea could very well reject such a deal from the start. But these scenarios would leave us no worse off than we are now. And it might well put us in a stronger position. Because China didn’t get what it paid for, or got the cold shoulder from Pyongyang, it might become more receptive to working with us and our allies on other options.

Why would China agree to this plan, given that it has never been willing to put its economic leverage to real use before?

Beijing wants a diplomatic off-ramp to the current crisis. President Xi Jinping is still seeking a good relationship with Trump in this critical year of China’s 19th Party Congress. Furthermore, Chinese frustrations with North Korean leader Kim Jong Un have grown after his execution of family members and regime figures close to China. All this may give the Trump administration marginally more leverage than its predecessors had.

We also have an important stick. If China refuses to proceed along these lines, we would be better positioned to pursue widespread secondary sanctions against Chinese firms doing business with North Korea beyond the Treasury Department’s sanctioning of a Chinese bank last week. We would be left with little choice.

Of course, this idea is no silver bullet. It doesn’t answer the question of how to get verifiable, enforceable, durable constraints on North Korea. It won’t go very far if what North Korea really cares about is extracting something from the United States. But North Korea is the land of lousy options. We should be looking for a strategy that gives us not only a better chance of success but also some advantages if it fails.

List of states with nuclear weapons

From Wikipedia, the free encyclopedia

Map of nuclear-armed states of the world.

 NPT-designated nuclear weapon states (ChinaFranceRussian FederationUnited KingdomUnited States)
  Other states with nuclear weapons (IndiaNorth KoreaPakistan)
  Other states presumed to have nuclear weapons (Israel)
  States formerly possessing nuclear weapons (BelarusKazakhstanSouth AfricaUkraine)

There are eight sovereign states that have successfully detonated nuclear weapons.[1]Five are considered to be “nuclear-weapon states” (NWS) under the terms of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). In order of acquisition of nuclear weapons these are: the United States, the Russian Federation (the successor state to the Soviet Union), the United KingdomFrance, and China.

Since the NPT entered into force in 1970, three states that were not parties to the Treaty have conducted nuclear tests, namely IndiaPakistan, and North Korea. North Korea had been a party to the NPT but withdrew in 2003. Israel is also widely known to have nuclear weapons,[2][3][4][5][6] though it maintains a policy of deliberate ambiguity regarding this (has not acknowledged it), and is not known definitively to have conducted a nuclear test.[7] According to the Stockholm International Peace Research Institute‘s SIPRI Yearbook of 2014, Israel has approximately 80 nuclear warheads.[8]

According to Bulletin of the Atomic Scientists Nuclear Notebook, the total number of nuclear weapons worldwide is estimated at 9,920 in 2017.[9]

South Africa developed nuclear weapons but then disassembled its arsenal before joining the NPT.[10] Nations that are known or thought to have nuclear weapons are sometimes referred to informally as the nuclear club.

Statistics and force configuration

Countries by estimated total nuclear warhead stockpile.
According to the Federation of American Scientists.

The following is a list of states that have admitted the possession of nuclear weapons or are presumed to possess them, the approximate number of warheads under their control, and the year they tested their first weapon and their force configuration. This list is informally known in global politics as the “Nuclear Club”.[11] With the exception of Russia and the United States (which have subjected their nuclear forces to independent verification under various treaties) these figures are estimates, in some cases quite unreliable estimates. In particular, under the Strategic Offensive Reductions Treaty thousands of Russian and U.S. nuclear warheads are inactive in stockpiles awaiting processing. The fissile material contained in the warheads can then be recycled for use in nuclear reactors.

From a high of 68,000 active weapons in 1985, as of 2016 there are some 4,000 active nuclear warheads and 10,100 total nuclear warheads in the world.[1] Many of the decommissioned weapons were simply stored or partially dismantled, not destroyed.[12]

It is also noteworthy that since the dawn of the Atomic Age, the delivery methods of most states with nuclear weapons has evolved with some achieving a nuclear triad, while others have consolidated away from land and air deterrents to submarine-based forces.

Country Warheads (Active/Total)[nb 1] Date of first test Test site of first test CTBT status Delivery methods
The five nuclear-weapon states under the NPT
United States 2,800 / 6,800[1] 16 July 1945 (“Trinity“) Alamogordo, New Mexico Signatory[13] Nuclear triad[14]
Russia 1,910 / 7,000[1] 29 August 1949 (“RDS-1“) SemipalatinskKazakhstan Ratifier[13] Nuclear triad[15]
United Kingdom 120 / 215[1] 3 October 1952 (“Hurricane“) Monte Bello IslandsAustralia Ratifier[13] Sea-based[16][nb 2]
France 280 / 300[1] 13 February 1960 (“Gerboise Bleue“) Sahara desert, French Algeria Ratifier[13] Sea- and air-based[17][nb 3]
China n.a. / 270[1] 16 October 1964 (“596“) Lop NurXinjiang Signatory[13] Suspected nuclear triad.[18][19]
Non-NPT nuclear powers
India n.a. / 110–120[1] 18 May 1974 (“Smiling Buddha“) Pokhran,Rajasthan Non-signatory[13] Nuclear triad[20][21][22][23][24]
Pakistan n.a. / 120–130[1] 28 May 1998 (“Chagai-I“) Ras Koh HillsBalochistan Non-signatory[13] Land and air-based.[25][26]
North Korea n.a. / 60 [1] 9 October 2006[27] KiljuNorth Hamgyong Non-signatory[13] Suspected land and sea-based.[28]
Undeclared nuclear powers
Israel n.a. / 80[1][29][30] 1960–1979[31] incl. suspected Vela Incident[32] Unknown Signatory[13] Suspected nuclear triad.[33][34]

Five nuclear-weapon states under the NPT

An early stage in the “Trinity” fireball, the first nuclear explosion, 1945

U.S. and USSR/Russian nuclear weapons stockpiles, 1945–2014

The mushroom cloud from the first Soviet Union atomic test “RDS-1” (1949).

French nuclear-powered aircraft carrierCharles de Gaulle (right) and the American nuclear-powered carrier USS Enterprise (left), each of which carries nuclear-capable warplanes

These five states are known to have detonated a nuclear explosive before 1 January 1967 and are thus nuclear weapons states under the Treaty on the Non-Proliferation of Nuclear Weapons, they also happen to be the UN Security Council‘s permanent members with veto power on UNSC resolutions.

United States

The United States developed the first nuclear weapons during World War II in cooperation with the United Kingdom and Canada as part of the Manhattan Project, out of the fear that Nazi Germany would develop them first. It tested the first nuclear weapon on July 16, 1945 (“Trinity“) at 5:30 am, and remains the only country to have used nuclear weapons in war, devastating the Japanese cities of Hiroshima and Nagasaki. It was the first nation to develop the hydrogen bomb, testing an experimental prototype in 1952 (“Ivy Mike“) and a deployable weapon in 1954 (“Castle Bravo“). Throughout the Cold War it continued to modernize and enlarge its nuclear arsenal, but from 1992 on has been involved primarily in a program of Stockpile stewardship.[35][36][37][38] The U.S. nuclear arsenal contained 31,175 warheads at its Cold War height (in 1966).[39] During the Cold War, the United States built approximately 70,000 nuclear warheads, more than all other nuclear-weapon states combined.[40][41]

Russian Federation (formerly part of the Soviet Union)

The Soviet Union tested its first nuclear weapon (“RDS-1“) in 1949, in a crash project developed partially with espionage obtained during and after World War II (see: Soviet atomic bomb project). The Soviet Union was the second nation to have developed and tested a nuclear weapon. The direct motivation for Soviet weapons development was to achieve a balance of power during the Cold War. It tested its first megaton-range hydrogen bomb (“RDS-37“) in 1955. The Soviet Union also tested the most powerful explosive ever detonated by humans, (“Tsar Bomba“), with a theoretical yield of 100 megatons, intentionally reduced to 50 when detonated. After its dissolution in 1991, the Soviet weapons entered officially into the possession of the Russian Federation.[42] The Soviet nuclear arsenal contained some 45,000 warheads at its peak (in 1986); the Soviet Union built about 55,000 nuclear warheads since 1949.[41]

United Kingdom

The United Kingdom tested its first nuclear weapon (“Hurricane“) in 1952. The UK had provided considerable impetus and initial research for the early conception of the atomic bomb, aided by the presence of refugee scientists working in British laboratories who had fled the continent. It collaborated closely with the United States and Canada during the Manhattan Project, but had to develop its own method for manufacturing and detonating a bomb as U.S. secrecy grew after 1945. The United Kingdom was the third country in the world, after the United States and Soviet Union, to develop and test a nuclear weapon. Its programme was motivated to have an independent deterrent against the Soviet Union, while also maintaining its status as a great power. It tested its first hydrogen bomb in 1957 (Operation Grapple), making it the third country to do so after the United States and Soviet Union.[43][44] The UK maintained a fleet of V bomberstrategic bombers and ballistic missile submarines (SSBNs) equipped with nuclear weapons during the Cold War. It currently maintains a fleet of four ‘Vanguard’ classballistic missile submarines equipped with Trident II missiles. In 2016, the UK House of Commons voted to renew the British nuclear deterrent with the Dreadnought-class submarine, without setting a date for the commencement of service of a replacement to the current system.

France

France tested its first nuclear weapon in 1960 (“Gerboise Bleue“), based mostly on its own research. It was motivated by the Suez Crisis diplomatic tension vis-à-vis both the Soviet Union and the Free World allies United States and United Kingdom. It was also relevant to retain great power status, alongside the United Kingdom, during the post-colonial Cold War (see: Force de frappe). France tested its first hydrogen bomb in 1968 (“Opération Canopus“). After the Cold War, France has disarmed 175 warheads with the reduction and modernization of its arsenal that has now evolved to a dual system based on submarine-launched ballistic missiles (SLBMs) and medium-range air-to-surface missiles (Rafale fighter-bombers). However new nuclear weapons are in development[citation needed] and reformed nuclear squadrons were trained during Enduring Freedom operations in Afghanistan.[citation needed] France signed the Nuclear Non-Proliferation Treaty in 1992.[45] In January 2006, President Jacques Chirac stated a terrorist act or the use of weapons of mass destruction against France would result in a nuclear counterattack.[46] In February 2015, President Francois Hollande stressed the need for a nuclear deterrent in “a dangerous world”. He also detailed the French deterrent as “less than 300″ nuclear warheads, three sets of 16 submarine-launched ballistic missiles and 54 medium-range air-to-surface missiles” and urged other states to show similar transparency.[47]

China

China tested its first nuclear weapon device (“596“) in 1964 at the Lop Nur test site. The weapon was developed as a deterrent against both the United States and the Soviet Union. Two years later, China had a fission bomb capable of being put onto a nuclear missile. It tested its first hydrogen bomb (“Test No. 6“) in 1967, a mere 32 months after testing its first nuclear weapon (the shortest fission-to-fusion development known in history).[48] The country is currently thought to have had a stockpile of around 240 warheads, though because of the limited information available, estimates range from 100 to 400.[49][50][51] China is the only NPT nuclear-weapon state to give an unqualified negative security assurance due to its “no first use” policy.[52][53] China signed the Nuclear Non-Proliferation Treaty in 1992.[45] On February 25, 2015 U.S. Vice Admiral Joseph Mulloy stated to the House Armed Services Committee‘s seapower subcommittee that the U.S. does not believe the PLAN currently deploys SLBMs on their submarine fleet.[54]

Other states declaring possession of nuclear weapons

Large stockpile with global range (dark blue), smaller stockpile with global range (medium blue), small stockpile with regional range (light blue)

India

India is not a party to the Nuclear Non-Proliferation Treaty. India tested what it called a “peaceful nuclear explosive” in 1974 (which became known as “Smiling Buddha“). The test was the first test developed after the creation of the NPT, and created new questions about how civilian nuclear technology could be diverted secretly to weapons purposes (dual-use technology). India’s secret development caused great concern and anger particularly from nations, such as Canada, that had supplied its nuclear reactors for peaceful and power generating needs.[citation needed]

Indian officials rejected the NPT in the 1960s on the grounds that it created a world of nuclear “haves” and “have-nots”, arguing that it unnecessarily restricted “peaceful activity” (including “peaceful nuclear explosives”), and that India would not accede to international control of their nuclear facilities unless all other countries engaged in unilateral disarmament of their own nuclear weapons. The Indian position has also asserted that the NPT is in many ways a neo-colonial regime designed to deny security to post-colonial powers.[55] Even after its 1974 test, India maintained that its nuclear capability was primarily “peaceful”, but between 1988 and 1990 it apparently weaponized two dozen nuclear weapons for delivery by air.[56] In 1998 India tested weaponized nuclear warheads (“Operation Shakti“), including a thermonuclear device.[57]

In July 2005, U.S. President George W. Bush and Indian Prime Minister Manmohan Singh announced plans to conclude an Indo-US civilian nuclear agreement.[58] This came to fruition through a series of steps that included India’s announced plan to separate its civil and military nuclear programs in March 2006,[59] the passage of the India–United States Civil Nuclear Agreement by the U.S. Congress in December 2006, the conclusion of a U.S.–India nuclear cooperation agreement in July 2007,[60] approval by the IAEA of an India-specific safeguards agreement,[61] agreement by the Nuclear Suppliers Group to a waiver of export restrictions for India,[62] approval by the U.S. Congress[63] and culminating in the signature of U.S.–India agreement for civil nuclear cooperation[64] in October 2008. The U.S. State Department said it made it “very clear that we will not recognize India as a nuclear-weapon state”.[65] The United States is bound by the Hyde Act with India and may cease all cooperation with India if India detonates a nuclear explosive device. The US had further said it is not its intention to assist India in the design, construction or operation of sensitive nuclear technologies through the transfer of dual-use items.[66] In establishing an exemption for India, the Nuclear Suppliers Group reserved the right to consult on any future issues which might trouble it.[67] As of early 2013, India was estimated to have had a stockpile of around 90–110 warheads.[1]

Pakistan

Pakistan also is not a party to the Nuclear Non-Proliferation Treaty. Pakistan covertly developed nuclear weapons over decades, beginning in the late 1970s. Pakistan first delved into nuclear power after the establishment of its first nuclear power plant near Karachi with equipment and materials supplied mainly by western nations in the early 1970s. Pakistani President Zulfiqar Ali Bhutto promised in 1971 that if India could build nuclear weapons then Pakistan would too, according to him: “We will develop Nuclear stockpiles, even if we have to eat grass.”

It is believed that Pakistan has possessed nuclear weapons since the mid-1980s.[68] The United States continued to certify that Pakistan did not possess such weapons until 1990, when sanctions were imposed under the Pressler Amendment, requiring a cutoff of U.S. economic and military assistance to Pakistan.[69] In 1998, Pakistan conducted its first six nuclear tests at the Ras Koh Hills in response to the five tests conducted by India a few weeks before.

In 2004, the Pakistani metallurgist Abdul Qadeer Khan, a key figure in Pakistan’s nuclear weapons program, confessed to heading an international black market ring involved in selling nuclear weapons technology. In particular, Khan had been selling gas centrifugetechnology to North Korea, Iran, and Libya. Khan denied complicity by the Pakistani government or Army, but this has been called into question by journalists and IAEA officials, and was later contradicted by statements from Khan himself.[70]

As of early 2013, Pakistan was estimated to have had a stockpile of around 100–120 warheads,[1] and in November 2014 it was projected that by 2020 Pakistan would have enough fissile material for 200 warheads.[71]

North Korea

North Korea was a party to the Nuclear Non-Proliferation Treaty, but announced a withdrawal on January 10, 2003, after the United States accused it of having a secret uranium enrichment program and cut off energy assistance under the 1994 Agreed Framework. In February 2005, North Korea claimed to possess functional nuclear weapons, though their lack of a test at the time led many experts to doubt the claim. However, in October 2006, North Korea stated that due to growing intimidation by the United States, it would conduct a nuclear test to confirm its nuclear status. North Korea reported a successful nuclear test on October 9, 2006 (see 2006 North Korean nuclear test). Most U.S. intelligence officials believe that North Korea did, in fact, test a nuclear device due to radioactive isotopes detected by U.S. aircraft; however, most agree that the test was probably only partially successful.[72] The yield may have been less than a kiloton, which is much smaller than the first successful tests of other powers; boosted fission weapons may have an unboosted yield in this range, which is sufficient to start deuterium-tritium fusion in the boost gas at the center; the fast neutrons from fusion then ensure a full fission yield. North Korea conducted a second, higher yield test on 25 May 2009 (see 2009 North Korean nuclear test) and a third test with still higher yield on 12 February 2013 (see 2013 North Korean nuclear test). North Korea claimed to have conducted its first H-bomb test on 5 January 2016, though measurements of seismic disturbances indicate that the detonation was not consistent with a hydrogen bomb.[73]

Other states believed to possess nuclear weapons

Israel

Israel is widely known to have been the sixth country in the world to develop nuclear weapons, but has not acknowledged its nuclear forces. It had “rudimentary, but deliverable,” nuclear weapons available as early as 1967.[74] Israel is not a party to the NPT. Israel engages in strategic ambiguity, saying it would not be the first country to “introduce” nuclear weapons into the region, but refusing to otherwise confirm or deny a nuclear weapons program or arsenal. This policy of “nuclear opacity” has been interpreted as an attempt to get the benefits of deterrence with a minimum political cost.[74][75] In 1968, the Israeli Ambassador to the United States, Yitzhak Rabin, affirmed to the United States State Department that Israel would “not be the first to introduce nuclear weapons into the Middle East.” Upon further questioning about what “introduce” meant in this context, however, he said that “he would not consider a weapon that had not been tested as a weapon,” and affirmed that he did not believe that “an unadvertised, untested nuclear device” was really “a nuclear weapon.” He also agreed, however, that an “advertised but untested” device would be considered “introduction.” This has been interpreted to mean that official Israeli policy was that the country could possess a nuclear weapon without technically “introducing” it, so long as it did not test it, and as long as it was “unadvertised”.[76][77]

In 1986, a former Dimona technician, Mordechai Vanunu, disclosed extensive information about the nuclear program to the British press, including photographs of the secret areas of the nuclear site, some of which depicted nuclear weapons cores and designs. Vanunu gave detailed descriptions of lithium-6 separation required for the production of tritium, an essential ingredient of fusion-boosted fission bombs, as well as information about the rate of plutonium production. Vanunu’s evidence was vetted by experienced technical experts before publication, and is considered to be among the strongest evidence for the advanced state of the Israeli nuclear weapons program.[75][78]Theodore Taylor, a former U.S. nuclear device design expert and physicist leading the field[79] especially in small and efficient nuclear weapons, reviewed the 1986 Vanunu leaks and photographs in detail. Taylor concluded that Israel’s thermonuclear weapon designs appeared to be “less complex than those of other nations,” and at the time of the 1986 leaks “not capable of producing yields in the megaton or higher range.” Nevertheless, “they may produce at least several times the yield of fission weapons with the same quantity of plutonium or highly enriched uranium.” In other words, Israel could “boost” the yield of its nuclear fission weapons. According to Taylor, the uncertainties involved in the process of boosting required more than theoretical analysis for full confidence in the weapons’ performance. Taylor therefore concluded that Israel had “unequivocally” tested a miniaturized nuclear device. The Institute for Defense Analyses(IDA) concluded after reviewing the evidence given by Vanunu that as of 1987, “the Israelis are roughly where the U.S. was in the fission weapon field in about 1955 to 1960.” and would require supercomputers or parallel computing clusters to refine their hydrogen bomb designs for improved yields without testing, though noting in 1987 they were already then developing the computer code base required.[80] Israel was first permitted to import US built supercomputers beginning in November 1995.[80]

In a paper by the USAF Counterproliferation Center researcher Lieutenant Colonel Warner D. Farr wrote that much lateral proliferation happened between pre-nuclear France and Israel stating “the French nuclear test in 1960 made two nuclear powers not one—such was the depth of collaboration” and “the Israelis had unrestricted access to French nuclear test explosion data.” minimizing the need for early Israeli testing.[81] West Germany army magazine, Wehrtechnik (“military technology”), claimed that western intelligence documented that Israel had conducted an underground test in the Negev in 1963.[82] There is also speculation that Israel may have tested a nuclear weapon along with South Africa in 1979, but this has not been confirmed, and interpretation of the Vela Incident is controversial. The stated purpose of the Negev Nuclear Research Center near Dimona is to advance basic nuclear science and applied research on nuclear energy.[83]

According to the Natural Resources Defense Council and the Federation of American Scientists, Israel likely possesses around 75–200 nuclear weapons.[29][84] The Stockholm International Peace Research Institute estimates that Israel has approximately 80 intact nuclear weapons, of which 50 are for delivery by Jericho II medium-range ballistic missiles and 30 are gravity bombs for delivery by aircraft. SIPRI also reports that there was renewed speculation in 2012 that Israel may also have developed nuclear-capable submarine-launched cruise missiles.[85]

Nuclear weapons sharing

U.S. nuclear weapons in host countries[86][87]
Country Air base Custodian Warheads
 Belgium Kleine Brogel 52nd Fighter Wing 10~20
 Germany Büchel 52nd Fighter Wing 20
 Italy Ghedi Torre 52nd Fighter Wing 40[88]
Aviano 31st Fighter Wing 50
 Netherlands Volkel 52nd Fighter Wing 22 [89]
 Turkey Incirlik 39th Air Base Wing 60~70
Total 202~222
  • BelgiumGermanyItalyNetherlandsTurkey

Under NATOnuclear weapons sharing, the United States has provided nuclear weapons for Belgium, Germany, Italy, the Netherlands, and Turkey to deploy and store.[90] This involves pilots and other staff of the “non-nuclear” NATO states practicing, handling, and delivering the U.S. nuclear bombs, and adapting non-U.S. warplanes to deliver U.S. nuclear bombs. However, since all U.S. nuclear weapons are protected with Permissive Action Links, the host states cannot easily arm the bombs without authorization codes from the U.S. Department of Defense.[91] Former Italian President Francesco Cossiga acknowledged the presence of U.S. nuclear weapons in Italy.[92] U.S. nuclear weapons were also deployed in Canada as well as Greece from 1963 to 1984. However, Canada withdrew three of the four nuclear-capable weapons systems by 1972. The single system retained, the AIR-2 Genie, had a yield 1.5 kilotons, was designed to strike enemy aircraft as opposed to ground targets, and might not have qualified as a weapon of mass destruction given its limited yield.[93]

Members of the Non-Aligned Movement have called on all countries to “refrain from nuclear sharing for military purposes under any kind of security arrangements.”[94] The Institute of Strategic Studies Islamabad (ISSI) has criticized the arrangement for allegedly violating Articles I and II of the NPT, arguing that “these Articles do not permit the NWS to delegate the control of their nuclear weapons directly or indirectly to others.”[95] NATO has argued that the weapons’ sharing is compliant with the NPT because “the U.S. nuclear weapons based in Europe are in the sole possession and under constant and complete custody and control of the United States.”[96]

States formerly possessing nuclear weapons

Nuclear weapons have been present in many nations, often as staging grounds under control of other powers. However, in only one instance has a nation given up nuclear weapons after being in full control of them. The fall of the Soviet Union left several former Soviet republics in physical possession of nuclear weapons, though not operational control which was dependent on Russian-controlled electronic Permissive Action Links and the Russian command and control system.[97][98]

Alleged Spare bomb casings from South Africa’s nuclear weapon programme. Their purpose is disputed.[99]

South Africa

South Africa produced six nuclear weapons in the 1980s, but dismantled them in the early 1990s.

In 1979, there was a detection of a putative covert nuclear test in the Indian Ocean, called the Vela incident. It has long been speculated that it was a test by Israel, in collaboration with and support of South Africa, though this has never been confirmed. South Africa could not have constructed such a nuclear bomb until November 1979, two months after the “double flash” incident. South Africa signed the Nuclear Non-Proliferation Treaty in 1991.[100][101]

Former Soviet Republics

  • Belarus had 81 single warhead missiles stationed on its territory after the Soviet Union collapsed in 1991. They were all transferred to Russia by 1996. In May 1992, Belarus acceded to the Nuclear Non-Proliferation Treaty.[102]
  • Kazakhstan inherited 1,400 nuclear weapons from the Soviet Union, and transferred them all to Russia by 1995. Kazakhstan has since acceded to the Nuclear Non-Proliferation Treaty.[103]
  • Ukraine has acceded to the Nuclear Non-Proliferation Treaty. Ukraine inherited about 5,000 nuclear weapons when it became independent from the Soviet Union in 1991, making its nuclear arsenal the third-largest in the world.[104] By 1996, Ukraine had agreed to dispose of all nuclear weapons within its territory, with the condition that its borders were respected, as part of the Budapest Memorandum on Security Assurances. The warheads were disassembled in Russia.[105] Despite Russia’s subsequent and internationally disputed annexation of Crimea in 2014, Ukraine reaffirmed its 1994 decision to accede to the Nuclear Non-Proliferation Treaty as a non-nuclear-weapon state.[106]

See also

Notes

  1. Jump up^ All numbers are estimates from the Federation of American Scientists. The latest update was in April 2017. If differences between active and total stockpile are known, they are given as two figures separated by a forward slash. If specifics are not available (n.a.), only one figure is given. Stockpile number may not contain all intact warheads if a substantial amount of warheads are scheduled for but have not yet gone through dismantlement; not all “active” warheads are deployed at any given time. When a range of weapons is given (e.g., 0–10), it generally indicates that the estimate is being made on the amount of fissile material that has likely been produced, and the amount of fissile material needed per warhead depends on estimates of a country’s proficiency at nuclear weapon design.
  2. Jump up^ From the 1960s until the 1990s, the United Kingdom’s Royal Air Force maintained the independent capability to deliver nuclear weapons via its V bomber fleet.
  3. Jump up^ France formerly possessed a nuclear triad until 1996 and the retirement of its land-based arsenal.

References

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Embargo

From Wikipedia, the free encyclopedia
  (Redirected from Trade embargo)

An embargo (from the Spanish embargo, meaning hindrance, obstruction, etc. in a general sense, a trading ban in trade terminology and literally “distraint” in juridic parlance) is the partial or complete prohibition of commerce and trade with a particular country or a group of countries.[1] Embargoes are considered strong diplomatic measures imposed in an effort, by the imposing country, to elicit a given national-interest result from the country on which it is imposed. Embargoes are similar to economic sanctions and are generally considered legal barriers to trade, not to be confused with blockades, which are often considered to be acts of war.[2]

Embargoes can mean limiting or banning export or import, creating quotas for quantity, imposing special tolls, taxes, banning freight or transport vehicles, freezing or seizing freights, assets, bank accounts, limiting the transport of particular technologies or products (high-tech) for example CoCom during the cold-war.[3]

In response to embargoes, an independent economy or autarky often develops in an area subjected to heavy embargo. Effectiveness of embargoes is thus in proportion to the extent and degree of international participation.

Business

Companies must be aware of embargoes that apply to the intended export destination.[4] Embargo check is difficult for both importers and exporters to follow. Before exporting or importing to other countries, firstly, they must be aware of embargoes. Subsequently, they need to make sure that they are not dealing with embargoed countries by checking those related regulations, and finally they probably need a license in order to ensure a smooth export or import business. Sometimes the situation becomes even more complicated with the changing of politics of a country. Embargoes keep changing. In the past, many companies relied on spreadsheets and manual process to keep track of compliance issues related to incoming and outgoing shipments, which takes risks of these days help companies to be fully compliant on such regulations even if they are changing on a regular basis. If an embargo situation exists, the software blocks the transaction for further processing.

Examples

An undersupplied U.S. gasoline station, closed during the oil embargo in 1973

The Embargo of 1807 was a series of laws passed by the U.S. Congress 1806–1808, during the second term of President Thomas Jefferson.[5] Britain and France were engaged in a major war; the U.S. wanted to remain neutral and trade with both sides, but neither side wanted the other to have the American supplies.[6] The American national-interest goal was to use the new laws to avoid war and force that country to respect American rights.[7]

One of the most comprehensive attempts at an embargo happened during the Napoleonic Wars. In an attempt to cripple the United Kingdom economically, the Continental System – which forbade European nations from trading with the UK – was created. In practice it was not completely enforceable and was as harmful if not more so to the nations involved than to the British.[8]

The United States imposed an embargo on Cuba on February 7, 1962.[9] Referred to by Cuba as “el bloqueo” (the blockade),[10] the US embargo on Cuba remains one of the longest-standing embargoes.[11] The embargo was embraced by few of the United States’ allies and apparently has done little to affect Cuban policies over the years.[12] Nonetheless, while taking some steps to allow limited economic exchanges with Cuba, President Barack Obamareaffirmed the policy, stating that without improved human rights and freedoms by Cuba’s current government, the embargo remains “in the national interest of the United States.”[13]

In 1973–1974, Arab nations imposed an oil embargo against the United States and other industrialized nations that supported Israel in the Yom Kippur War. The results included a sharp rise in oil prices and OPEC revenues, an emergency period of energy rationing, a global economic recession, large-scale conservation efforts, and long-lasting shifts toward natural gasethanolnuclear and other alternative energy sources.[14][15]

In effort to punish South Africa for its policies of apartheid, the United Nations General Assembly adopted a voluntary international oil embargo against South Africa on November 20, 1987; that embargo had the support of 130 countries.[16]

List of countries under embargo

Former trade embargoes

See also

Notes

U.S. Ends Ban on China Trade; Items Are Listed

Curbs Lifted on Shipping to Red Bloc

By Carroll Kilpatrick
Washington Post Staff Writer
June 11, 1971

President Nixon opened another door to the resumption of more normal relations with China yesterday with an order permitting trade in a long list of nonstrategic items.

At the same time, the President cleared the way for larger farm exports to the Soviet bloc by terminating a requirement imposed by President Kennedy that half of grain and flour shipments to Communist countries be carried in American ships.

The President’s action lifts a 21-year-old embargo against trade with China permitting selected exports to China and the import of goods from China on the same basis goods from other Communist countries are admitted.

Following a series of other steps taken in recent months to improve relations with the Chinese, the President’s announcement is considered a prelude to an ending later this year of U.S. opposition to the seating of Peking in the United Nations, provided that Taiwan is not expelled.

Under the new order, U.S. exporters will be free to sell to China most farm, fish and forestry products, fertilizers, coal, selected chemicals and metals, passenger cards, agricultural, industrial and office equipment and certain electronic and communications equipment.

The President’s order does not remove the prohibition against the shipment of locomotives to China, one of the key items the Peking government is said to want, and of aircraft.

Defense department officials opposed lifting the ban on most heavy transportation equipment with the argument it could be used in helping Communist troops in Vietnam.

The President accepted the argument, but officials said that the list of goods still on the strategic list would be under constant review and that changes would be made from time to time.

An exporter may apply to the Commerce Department for a license to ship a locomotive or any other item on the strategic list, and the White House held out some hope that exceptions may be made from time to time.

“Items not on the open general list may be considered for specific licensing consistent with the requirements of U.S. national security,” the White House statement said.

The big surprise of the President’s announcement was his termination of the requirement that half of the shipment of grain and flour to Communist nations be carried in American ships.

AFL-CIO President George Meany promptly criticized the President’s decision, calling it a “breach of faith and an unwarranted blow at the livelihoods of American seafaring men.”

Secretary of Agriculture Clifford M. Hardin cautioned that farmers should not expect big increases in grain exports immediately.

“We hope it will eventually result in meaningful trade for farm exports along with products from American industry,” Hardin said. “We do not anticipate significant trade developments with either China or the Soviet Union in the immediate future.”

But Hardin hailed the President’s action as a “constructive step” that will ultimately benefit American farmers.

U.S.-China trade was roughly $200 million annually in 1950 when President Truman imposed an embargo after China entered the Korean War on the North Korean side.

China’s total world trade now totals about $2 billion in exports and the same in imports with about $1.5 billion from non-Communist countries, the bulk of it from Japan.

White House press secretary Ronald Ziegler said that the President looks upon these new measures “as a significant step in improved communications with a land of 800 million people after a 20-year freeze in our relations.”

“The President will later consider the possibility of further steps in an effort to reestablish a broader relationship with a country and people having an important role for future peace in Asia.”

The list of strategic goods which may be freely shipped to Mainland China does not include such items as petroleum products, navigation and tele-communication equipment and machinery for wielding large pipes in addition to locomotives.

These goods may be shipped to the Soviet Union, however. They constitute the main difference between the list of goods available for export to the Soviet Union and Eastern Europe and those still requiring an export license as far as China is concerned.

Some experts have argued that Peking will not be responsive to the new possibilities of trade with the United States since the list is more favorable to the Soviet Union.

Administration officials were sensitive to this criticism and discounted the differences between the two lists as insignificant.

The President’s announcement said that he was taking “the first broad steps in termination of U.S. controls on a large list of non-strategic U.S. exports to the People’s Republic of China.”

In the future, products listed as non-strategic may be freely sold to China under open general export licenses without the need to obtain Department of Commerce permission for each specific transaction,” the statement said.

On April 14, Mr. Nixon announced a five-point program designed to “create broader opportunities for contacts between the Chinese and American peoples.” These included a promise to expedite the issuance of visas to permit Chinese visitors to the United States, a relaxation of currency controls to permit Peking’s use of American dollars and the removal of restrictions prohibiting American oil companies from providing fuel to Chinese merchant ships.

On April 19, in an interview at a meeting of the American Society of Newspaper Editors, the President said the question of trade with the Chinese is “up to them.”

“If the want to trade … we are ready,” he said. “If they want to have Chinese come to the United States, we are ready. We are also ready for Americans to go there, Americans in all walks of life.

“But it take two, of course. We have taken several steps. They have taken one inviting the American table tennis team to Peking. We are prepared to take other steps in the trade field and also with regard to the exchange field, but each step must be taken one step at a time.

http://www.washingtonpost.com/wp-srv/inatl/longterm/flash/june/china71.htm

 

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The Pronk Pops Show 939, August 2, 2017, Breaking News — Story 1: President Trump For National Unity Furiously Signs Flawed Russia, Iran, and North Korea Sanctions Bill — Videos — Story 2: Trump Announces New Immigration Policy — Reforming American Immigration for Strong Employment (RAISE) Act — Videos

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Breaking News — Story 1: President Trump For National Unity Furiously Signs Flawed Russia, Iran, and North Korea Sanctions Bill — Videos —

President Trump signs Russian sanctions bill Fox News Video

President Trump signs new Russia sanctions, questions whether bill interferes with foreign policy 

BREAKING NEWS 8/2/17 PRESIDENT TRUMP SIGNS NEW RUSSIA SANCTIONS BILL

January 3, 2017: Sen. Tom Cotton joined Tucker Carlson Tonight on Fox News

Trump Signs Sanctions Bill – Another Deep State Victory

Real Bipartisanship: Republicans And Democrats Unite For New Cold War

Germany growing sick of US sanctions on Russia

Russians See Sanctions Regime as a Blessing in Disguise

Trump signs Russia sanctions bill but blasts Congress

In a pair of statements, the president said parts of the law violate the Constitution.

President Donald Trump on Wednesday signed a bipartisan bill placing new sanctions on Russia — but in a statement, he claimed multiple aspects of the legislation violate the Constitution.

The sanctions, aimed at punishing Russia for its interference in the 2016 election, limit the president’s power to lift the sanctions without congressional approval and were initially resisted by the administration.

In one of two statements released almost simultaneously Wednesday morning by the White House, Trump said he supports the law’s efforts to crack down on the actions of Iran, North Korea and Russia. But the White House protested what it sees as congressional encroachment on the president’s power in foreign affairs.

“In its haste to pass this legislation, the Congress included a number of clearly unconstitutional provisions,” Trump said in one statement. “My Administration particularly expects the Congress to refrain from using this flawed bill to hinder our important work with European allies to resolve the conflict in Ukraine, and from using it to hinder our efforts to address any unintended consequences it may have for American businesses, our friends, or our allies.”

The president’s second statement included a stepped-up defense of his own administration’s foreign policy and input on the legislation. Trump said that “despite its problems,” he had signed the bill “for the sake of national unity.” The statement characterized the governments of Iran and North Korea as “rogue regimes,” a label he did not apply to the Russian government.

Even as he continues to label Russian interference in the election a “hoax,” the statement went further in acknowledging the intrusion than Trump has in the past.

“I also support making clear that America will not tolerate interference in our democratic process, and that we will side with our allies and friends against Russian subversion and destabilization,” the statement said.

Still, Trump was quick to push back on what he views as congressional overreach.

“The bill remains seriously flawed — particularly because it encroaches on the executive branch’s authority to negotiate. Congress could not even negotiate a health care bill after seven years of talking,” Trump said, in reference to congressional Republicans’ latest failure to repeal and replace the Affordable Care Act.

“I built a truly great company worth many billions of dollars. That is a big part of the reason I was elected,” the president continued. “As President, I can make far better deals with foreign countries than Congress.”

The statements drew mixed reaction on Capitol Hill.

Senate Foreign Relations Chairman Bob Corker, a leading architect of the sanctions bill, told reporters he was not concerned about Trump’s statement, though he said he had not yet seen it.

“Both countries talk privately in ways that are very different from how they talk publicly,” the Tennessee Republican said of U.S.-Russia relations. “But this was a necessary step that we took, and I’m glad we took it.”

In addition to allowing lawmakers to handcuff Trump on any future changes to Russia sanctions, the legislation converts some existing sanctions from executive orders into law, making them more difficult to roll back, and imposes new sanctions focused on Moscow’s reported cyber-meddling in the November election. The legislation’s Iran and North Korea sanctions were broadly popular in both parties and with the Trump administration.

Although White House officials asserted that some of the preferred changes to the legislation were included before its final passage last week, the administration had long underscored its opposition to provisions that will impede Trump’s ability to warm relations with Russian President Vladimir Putin.

“The action by the Congress to put these sanctions in place and the way that they did, neither the president nor I are very happy about that,” Secretary of State Rex Tillerson told reporters Tuesday. “We were clear that we didn’t think it was going to be helpful to our efforts.”

Still, Tillerson added, “we can’t let it take us off track of trying to restore the relationship” with Russia.

Even as Trump criticized the measure, he added that “I nevertheless expect to honor the bill’s waiting periods to ensure that Congress will have a full opportunity to avail itself of the bill’s review procedures.”

That apparent concession by Trump did not assuage Democratic concerns about his signing statement. House Minority Leader Nancy Pelosi of California warned in a statement that Trump’s interpretation of the sanctions bill “raises serious questions about whether his administration intends to follow the law, or whether he will continue to enable and reward Vladimir Putin’s aggression.”

And some Republicans who played a key role in the sanctions package raised their own alarms.

“Look, whether it was President Bush, President Obama, or President Trump, I’ve never been a fan of signing statements,” said Sen. Cory Gardner of Colorado. “I think they’re a way for any president to usurp the role of the legislative branch. And that’s why I’ve always been concerned, regardless of who issued them, on any matter.”

The bill enjoyed wide bipartisan support. The House passed the sanctions by a vote of 419-3, and the Senate cleared it 98-2 — making any presidential veto futile and sure to be overridden.

With multiple investigations into whether the Trump campaign colluded with Russia, a veto also would have been politically disastrous.

After weeks of waffling, the White House confirmed over the weekend that Trump would sign the bill.

The White House still sought to characterize the bill as a win, with press secretary Sarah Huckabee Sanders saying in a statement on Friday that Trump “negotiated regarding critical elements of it” and decided to sign it “based on its responsiveness to his negotiations.”

The statement Wednesday also contained a warning — not to Russia, but to Congress.

“The Framers of our Constitution put foreign affairs in the hands of the President,” Trump said. “This bill will prove the wisdom of that choice.”

http://www.politico.com/story/2017/08/02/trump-signs-bipartisan-russia-sanctions-bill-241242

 

Furious Trump signs Russian sanctions into law – then issues tirade against ‘unconstitutional’ bill and boasts his billions show why Congress shouldn’t stop him making deals with Putin

  • President Donald Trump signed legislation imposing new sanctions on Russia, North Korea, and Iran
  • The White House did not organize a ceremony of any kind for it
  • Trump said in a statement he signed the bill for the sake of ‘national unity’ 
  • The White House lobbied to water down restrictions in the bill
  • It passed Congress overwhelmingly with veto-proof majorities
  • Secretary of State Rex Tillerson said he and the president were not ‘very happy’ about the sanctions bill 

President Donald Trump signed legislation Wednesday that slaps sanctions on Russia and limits his own ability to create waivers – but at the same time issued a furious statement calling it ‘flawed’.

He signed the bill, which Secretary of State Rex Tillerson publicly said he wasn’t happy about, in private.

Then the White House sent out statement by the president revealing the depths of his unhappiness and boasting that his billions showed he was far better at deal-making than Congress.

Trump said despite some changes, ‘the bill remains seriously flawed – particularly because it encroaches on the executive branch’s authority to negotiate.’

He called parts of it ‘unconstitutional’ and signaled fresh tensions with Republicans by criticizing their failure to repeal and replace Obamacare.

President Donald Trump has signed legislation that slaps sanctions on Russia and limits his own ability to create waivers

‘Congress could not even negotiate a healthcare bill after seven years of talking. By limiting the Executive’s flexibility, this bill makes it harder for the United States to strike good deals for the American people, and will drive China, Russia, and North Korea much closer together.

‘The Framers of our Constitution put foreign affairs in the hands of the President. This bill will prove the wisdom of that choice,’ Trump said in a statement.

‘Yet despite its problems, I am signing this bill for the sake of national unity. It represents the will of the American people to see Russia take steps to improve relations with the United States. We hope there will be cooperation between our two countries on major global issues so that these sanctions will no longer be necessary.’

In a message to Congress in response to the bill, Trump singled out provisions his lawyers considers in conflict with Supreme Court case law – and asserts his own latitude to carry out the law as he sees fit.

Secretary of State Rex Tillerson said Trump wasn't happy with the bill

Secretary of State Rex Tillerson said Trump wasn’t happy with the bill

‘My Administration will give careful and respectful consideration to the preferences expressed by the Congress in these various provisions,’ the president said in one point – in language certain to irk lawmakers who consider the law much more than a preference.

‘My administration … expects the Congress to refrain from using this flawed bill to hinder our important work with European allies to resolve the conflict in Ukraine, and from using it to hinder our efforts to address any unintended consequences it may have for American businesses, our friends, or our allies,’ he said.

The president also complained about what he said were ‘clearly unconstitutional provisions’ in the legislation relating to presidential powers to shape foreign policy.

 White House counselor Kellyanne Conway confirmed the signing on Fox News.

The bill passed Congress by overwhelming margins sufficient to override a presidential veto. The White House lobbied to water down restrictions in the bill.

The bill contains language meant to prevent the president from lifting them without approval from Congress – provisions that got drafted amid concerns Trump would lift or limit sanctions amid his frequent praise for Russian President Vladimir Putin and desire to improve ties between the two powers.

Secretary of State Rex Tillerson told reporters he shared misgivings with the president, as they try to improve relations with Russia.

‘Neither the president nor I are very happy about that,’ Tillerson said. ‘We were clear that we didn’t think that was going to be helpful to our efforts, but that’s the decision they made.’

The FBI and congressional intelligence panels are probing Trump campaign connections to Russians during the election.

SIGN OF THE TIMES: Russian President Vladimir Putin speaks during a news conference after the G20 summit in Hamburg, northern Germany, July 8, 2017

SIGN OF THE TIMES: Russian President Vladimir Putin speaks during a news conference after the G20 summit in Hamburg, northern Germany, July 8, 2017

Then-candidate Donald Trump holds up a signed pledge during a press availability at Trump Tower in Manhattan, New York September 3, 2015

Then-candidate Donald Trump holds up a signed pledge during a press availability at Trump Tower in Manhattan, New York September 3, 2015

Justice Department lawyers and security officials were reviewing Russia sanctions legislation Tuesday

Justice Department lawyers and security officials were reviewing Russia sanctions legislation Tuesday

Trump during the campaign repeatedly called for better relations with Russia. The U.S. intelligence community concluded that the Russian government backed a campaign to interfere in the presidential election.

Despite communications with Russian President Vladimir Putin capped off by two one-on-one meetings in Europe, Trump has struggled to meet his goal.

Putin said last weekend that Russia would expel more than 700 U.S. diplomats from Russia in retaliation for the sanctions legislation.

I’M WORTH BILLIONS – I CAN MAKE BETTER DEALS THAN CONGRESS

Today, I signed into law the ‘Countering America’s Adversaries Through Sanctions Act,’ which enacts new sanctions on Iran, North Korea, and Russia. I favor tough measures to punish and deter bad behavior by the rogue regimes in Tehran and Pyongyang. I also support making clear that America will not tolerate interference in our democratic process, and that we will side with our allies and friends against Russian subversion and destabilization.

That is why, since taking office, I have enacted tough new sanctions on Iran and North Korea, and shored up existing sanctions on Russia.

Since this bill was first introduced, I have expressed my concerns to Congress about the many ways it improperly encroaches on Executive power, disadvantages American companies, and hurts the interests of our European allies.

My Administration has attempted to work with Congress to make this bill better. We have made progress and improved the language to give the Treasury Department greater flexibility in granting routine licenses to American businesses, people, and companies. The improved language also reflects feedback from our European allies – who have been steadfast partners on Russia sanctions – regarding the energy sanctions provided for in the legislation. The new language also ensures our agencies can delay sanctions on the intelligence and defense sectors, because those sanctions could negatively affect American companies and those of our allies.

Still, the bill remains seriously flawed – particularly because it encroaches on the executive branch’s authority to negotiate. Congress could not even negotiate a healthcare bill after seven years of talking. By limiting the Executive’s flexibility, this bill makes it harder for the United States to strike good deals for the American people, and will drive China, Russia, and North Korea much closer together. The Framers of our Constitution put foreign affairs in the hands of the President. This bill will prove the wisdom of that choice.

Yet despite its problems, I am signing this bill for the sake of national unity. It represents the will of the American people to see Russia take steps to improve relations with the United States. We hope there will be cooperation between our two countries on major global issues so that these sanctions will no longer be necessary.

Further, the bill sends a clear message to Iran and North Korea that the American people will not tolerate their dangerous and destabilizing behavior. America will continue to work closely with our friends and allies to check those countries’ malignant activities.

I built a truly great company worth many billions of dollars. That is a big part of the reason I was elected. As President, I can make far better deals with foreign countries than Congress.

In his statement about the bill, Trump highlighted a series of concerns about the legislation. Had he vetoed it, Congress could have easily overridden him.

‘Since this bill was first introduced, I have expressed my concerns to Congress about the many ways it improperly encroaches on Executive power, disadvantages American companies, and hurts the interests of our European allies,’ Trump complained.

‘My Administration has attempted to work with Congress to make this bill better. We have made progress and improved the language to give the Treasury Department greater flexibility in granting routine licenses to American businesses, people, and companies. The improved language also reflects feedback from our European allies – who have been steadfast partners on Russia sanctions – regarding the energy sanctions provided for in the legislation. The new language also ensures our agencies can delay sanctions on the intelligence and defense sectors, because those sanctions could negatively affect American companies and those of our allies.’

 Russia hawk Sen. John McCain of Arizona responded in a statement: ‘I welcome President Trump’s decision to sign legislation imposing new sanctions on Russia, Iran, and North Korea. The enactment of this legislation, which enjoyed overwhelming bipartisan support in both houses of Congress, sends a strong message to friend and foe alike that the United States will hold nations accountable for aggressive and destabilizing behavior that threatens our national interests and those of our allies and partners.’

McCain also called out Trump’s signing statement. ‘The concerns expressed in the President’s signing statement are hardly surprising, though misplaced. The Framers of our Constitution made the Congress and the President coequal branches of government. This bill has already proven the wisdom of that choice,’ he wrote.

“While the American people surely hope for better relations with Russia, what this legislation truly represents is their insistence that Vladimir Putin and his regime must pay a real price for attacking our democracy, violating human rights, occupying Crimea, and destabilizing Ukraine.’

http://www.dailymail.co.uk/news/article-4754014/President-Donald-Trump-signs-Russia-sanctions-bill.html#ixzz4ocylqTKe

 

President Vladimir V. Putin of Russia met with President Trump for the first time during the Group of 20 summit meeting in Hamburg, Germany, this month. CreditStephen Crowley/The New York Times

MOSCOW — The last time the Kremlin forced a sweeping reduction of local staff at the American Embassy in Moscow, a young diplomat named Steven Pifer found himself working four days a week on arms control, as usual. But on the fifth day, he navigated the capital in a big truck to move furniture or haul mammoth grocery loads.

The entire staff of the embassy, except the ambassador, was assigned one day each week to grunt work called All Purpose Duty, Mr. Pifer recalled in an interview on Monday, when they shed their dark suits and polished loafers to mow the lawns, fix the plumbing, cook in the cafeteria and even clean the toilets.

That was a last hurrah for the Cold War in 1986, and although the embassy now functions on a far more complex scale, many current and former diplomats expect a similar effort in the wake of President Vladimir V. Putin’s announcement on Sunday that the United States diplomatic mission in Russia must shed 755 employees by Sept. 1.

“The attitude in the embassy was if they think that they will shut us down, we will show them,” said Mr. Pifer, who went on to become an American ambassador to Ukraine and is now a senior fellow at the Brookings Institution in Washington. “I think the embassy will adapt this time, too.”

Russia demanded that the United States reduce its diplomatic staff to equal the 455 Russian diplomats working in the United States, including at the mission to the United Nations. That means cutting about 60 percent of a work force estimated at 1,200 to 1,300 people, the vast majority of whom are Russians.

Given the continuing deterioration in relations between the two countries, core functions like political and military analysis will be preserved, along with espionage, experts said, while programs that involve cooperation on everything from trade to culture to science are likely to be reduced or eliminated.

Besides the State Department, a dizzying array of American government agencies have employees at the embassy, including the Departments of Agriculture and Commerce as well as NASA and the Library of Congress.

The other area expected to take a heavy hit will be public services, like issuing visas to Russian travelers to the United States, which is likely to slow to a glacial pace.

The Russian staff can be broken down into two broad categories: specialists who help individual departments in the embassy like public relations, and basic service workers employed as security guards, drivers, janitors, electricians and a host of other maintenance functions.

As of 2013, the latest year for which public records are available, there were 1,279 staff members working in the American Embassy in Moscow and in consulates in St. Petersburg, Yekaterinburg and Vladivostok, according to a report by the Inspector General’s Office. Of those, 934 were not Americans, including 652 basic service workers. The numbers are believed to have stayed roughly the same.

Russian staff members working in various departments like the political or economic section often provide the embassy’s institutional memory, because they stay on the job for years while American diplomats rotate every two or three years. (If the Russian employees stay for at least 15 years, they are eligible for special immigration visas to the United States and their salaries are high by Russian standards.)

It is the Russians who tend to notice nuances in domestic news coverage or in Mr. Putin’s speeches, or who direct diplomats toward public events or responsible journalists. The Russian employees provide continuity, an American diplomat who recently left Moscow said, speaking anonymously because he was not authorized to speak publicly.

Gen. Bruce McClintock, the American Defense attaché from 2014 to 2016 and now a RAND Corporation analyst, said Russian employees were often more effective in organizing meetings with government officials, while experienced translators ensured that the positions of both sides were clear in often complex discussions.

Russia had already chipped away at embassy programs, anyway, he noted. In 2013, it shuttered USAID, for example, and in 2014, in response to the West’s cutting off military cooperation after the Ukraine crisis, it closed the Defense Threat Reduction Agency.

Although the work continued, it was much harder to coordinate because its 10 employees had departed, said General McClintock.

Russian nationals are not given the security clearances needed to work in the more clandestine branches of the embassy. Indeed, in the chancellery itself, no Russians worked above the fourth floor in the roughly 10-story building, former Russian employees said.

The American Embassy, which held a staff meeting on Monday to confirm the news to its employees, refused to comment on the events, while in Washington the State Department would say only that it was studying the Russian government’s request.

The general hostility toward the United States means Moscow was already considered a hardship post for American diplomats, and the new measures will lower morale further, diplomats said.

Russian employees are confused and do not yet understand how the changes will be carried out, a former Russian employee now working outside the country said, adding with dark humor that Stalin used to say there were no irreplaceable people.

Russian employees who worked for specialized departments feel especially vulnerable because they carry a certain stigma in Russia’s current nationalistic mood. Michael McFaul, a Stanford University professor who was the American ambassador from 2012 to 2014, remembered trying to help find work for 70 Russians who were let go when the Kremlin closed the USAID office.

It was especially hard because “many Russian companies would not consider hiring these ‘tainted’ people,” he said in an email.

In recent years, local employees have come under increasing pressure from the Russian security service, the F.S.B., according to current and former employees. Russians escorting delegations of American musicians around the country were harassed, for example, or some in Moscow returned home from work to find agents sitting in their living rooms, demanding that they inform on their employers, they said.

Mr. Pifer said American diplomats who lived through the 1986 clampdown learned all kinds of things about Soviet life that they would not have otherwise.

One of his colleagues, who had to navigate customs, wrote a slightly tongue-in-cheek diplomatic cable titled “The 29 Steps Needed to Clear a Container of Furniture,” detailing every stamp issued on every piece of paper. The cable was a huge hit back in Washington, he said.

In previous spats with the United States or the West in general, Mr. Putin often chose measures that hurt Russians the most, not least because Russia’s limited economic reach globally means it does not have many options.

Angered over sanctions imposed by Congress under the Magnitsky Act in 2012, he banned Americans from adopting Russian children. When the West imposed economic and military sanctions after the Russian annexation of Crimea in 2014, he barred a broad array of food imports, forcing up prices and limiting the options for Russian consumers.

This time, hundreds of Russians will lose their jobs and Russian travelers hoping to visit the United States are likely to wait months for visas. Some 50 Russians were employed in the consular section that processes visas, according to the inspector general’s report.

“I don’t think Mr. Putin is terribly worried about this,” Mr. Collins said, noting the presidential election looming in March. “As he is running for election, it is comfortable for him to show that he can stand up to the Americans and to protect Russian interests and that is what he is doing.”

Outside the embassy on Monday, many of those emerging from the visa section suggested the Russian measures could only make a bad situation worse. Anecdotal evidence suggested that on both sides, what used to take weeks had already slowed to months.

Shavkat Butaev, 50, who works for a company that helps Russians get visas, said rejections were way up, too. “It was never like this before. Fifty, 60 people get rejected every day,” he said.

Oleg Smirnov, an 18-year-old student studying in the United States to become a psychiatrist, said that he had hoped President Trump would improve relations and that he was worried about possible fallout on immigration policy.

“These mutual sanctions look like a game played with water guns,” he said

https://www.nytimes.com/2017/07/31/world/europe/russia-sanctions-embassy.html

Story 2: Trump Announces New Immigration Policy — Reforming American Immigration for Strong Employment (RAISE) Act — Videos

Trump announces new immigration policy

Published on Aug 2, 2017

President Trump announced the Reforming American Immigration for Strong Employment (RAISE) Act on Aug. 2, which aims to cut immigration by half from the current level of more than 1 million green cards granted per year.

 

Pres Trump and Sens Cotton and Perdue Introduce “The Raise Act”. Excellent!

August 2, 2017: Sen. Cotton and Sen. Perdue Answer Questions about the RAISE Act at the White House

 

Jim Acosta vs Stephen Miller – Immigration – White House Press Briefing 8/2/17

Senator Tom Cotton, Immigration Reform, and the RAISE Act

Senators David Perdue and Tom Cotton RAISE Act Press Conference

Immigration by the Numbers — Off the Charts

Sen.Barbara Jordan Legal Immigration Recommendations

2015 Barbara Jordan TV ad

How Many Illegal Aliens Are in the US? – Walsh – 1

How Many Illegal Aliens Are in the US? – Walsh – 2

Milton Friedman – Illegal Immigration – PT 1

Milton Friedman – Illegal Immigration – PT 2

Why Free Markets Work: Milton Friedman on Political Economy (1996)

Obama’s Amnesty & How Illegal Immigration Affects Us

The Impact of Immigration on Jobs and Income

 

Trump, GOP senators unveil measure to cut legal immigration

Trump, GOP senators unveil measure to cut legal immigration

President Trump on Wednesday teamed up with two conservative Republican senators to roll out new legislation aimed at dramatically curbing legal immigration to the United States, a key Trump campaign promise.

Sens. Tom Cotton (R-Ark.) and David Perdue (R-Ga.) have been working with White House officials to revise and expand a bill released earlier this year that would halve the number of people who receive legal permanent residence over a decade.

The senators joined Trump at a White House ceremony to announce the measure.

The president told reporters in the Roosevelt Room that the measure “would represent the most significant reform to our immigration system in a half a century.”
They say the legislation would move the United States to a “merit-based” immigration system and away from the current model, which is largely based on family ties.
The measure reflects Trump’s rhetoric during the 2016 campaign, when he argued that the spike in legal immigration over the past several decades has taken job opportunities away from American citizens and threatened national security.
“As a candidate, I campaigned on creating a merit-based immigration system that protects U.S. workers and taxpayers and that’s why we are here today,” he said, adding the measure would “reduce poverty, increase wages and save taxpayers billions and billions of dollars.”
Trump met with Cotton and Perdue in March to discuss the legislation, known as the Reforming American Immigration for a Strong Economy (RAISE) Act.
The bill would mark a dramatic change in U.S. immigration laws, and could open up a nasty internal fight among Republicans.

The legislation would eliminate immigration preferences currently given to extended family members and adult children of U.S. citizens seeking green cards, and it would cap the number of accepted refugees at 50,000 — half of the Obama administration’s target for 2017.

It would also end the State Department’s Diversity visa lottery, which the senators say is “plagued with fraud.” The program had been allotted 50,000 visas for the 2018 fiscal year.

About 1 million immigrants receive green cards per year.

Conservative outside groups immediately praised the legislation and called for the Senate to vote on the bill.

“The RAISE Act helps realize President Trump’s vision of making America great again by making immigration great again as well. It provides a pathway for a modern, smarter immigration system while protecting those Americans struggling to make ends meet,” said Dan Stein, president of Federation for American Immigration Reform.

Roy Beck, president of NumbersUSA, added that the Cotton-Perdue bill will “do more than any other action to fulfill” Trump’s campaign pledges on immigration.

The legislation faces an uphill battle in the Senate, however, where it’s expected to get pushback from Democrats as well as GOP senators who oppose strict limits on legal immigration and want a broader reform effort that would address the roughly 11 million undocumented immigrants living in the U.S.

If Cotton and Perdue can get GOP leadership to bring the legislation up for a vote, supporters will need to cobble together 60 senators, including at least eight Democrats or independents, to agree to start debate on the legislation.

Sen. Lindsey Graham (R-S.C.) and a handful of Republicans — including GOP Sens. Jeff Flake (Ariz.), Lisa Murkowski (Alaska) and Dean Heller (Nev.) — have been working on bills this year to allow undocumented immigrants who entered the country as children to, at least temporarily, remain in the country legally.

Hundreds of thousands of undocumented immigrants have been granted temporary reprieves from deportation under the Obama-era Deferred Action for Childhood Arrivals program. But it does not confer legal status on immigrants.

Cotton and Perdue would need to win over their votes, as well as Sen. John McCain. The Arizona Republican, who is currently undergoing cancer treatment, was critical of their earlier bill.

The White House roll out could give the legislation a boost of momentum, but the earlier version of the Cotton-Perdue bill garnered zero cosponsors.

Critics of the measure say it would devastate families’ effort to reunite with their overseas relatives while providing few economic benefits.

“If this is an acknowledgement that our immigration system is broken, the Trump administration and these senators are right, but this is the wrong way to fix it,” said Ali Noorani, executive director of the National Immigration Forum. “Cutting legal immigration for the sake of cutting immigration would cause irreparable harm to the American worker and their family.”

“Congress should focus on stopping illegal immigration – not on restricting the legal immigration that grows our economy,” said John Feinblatt, president of the former New York City Mayor Michael Bloomberg-backed group New American Economy.

http://thehill.com/homenews/administration/344924-trump-gop-senators-unveil-measure-to-cut-legal-immigration

Sen. Cotton Officially Introduces RAISE Act

PUBLISHED:

Thu, FEB 16th 2017 @ 9:40am EST

Sen. Tom Cotton (R-Ark.) has officially introduced the Reforming American Immigration for Strong Employment (RAISE) Act, S. 354, in the Senate. The bill would reduce legal immigration by up to 50% by ending future chain migration and the diversity visa lottery.

Roy Beck, President and Founder of NumbersUSA responded saying, “the RAISE Act has a number — S. 354 — and one that we will do all possible to ensure that lives on through history as one of the great achievements of this period of our country.”

The RAISE Act would:

  • End the Visa Lottery
  • Limit annual refugee admissions to 50,000
  • End chain migration
  • Reduce the worldwide level of family-sponsored immigrants from 480,000 to 88,000 by prioritizing nuclear family
  • Add a nonimmigrant visa for parents of adult U.S. citizens (W-Visa)
    • 5-year renewable visa
    • No work authorization or ability to receive public benefits

The RAISE Act would reduce legal immigration to the United States by 50% in an effort to diminish its impact on vulnerable American workers. First, it eliminates the visa lottery and limits refugee admissions to 50,000 per year, removing the ability of the President to unilaterally adjust upward refugee admissions. Further, it eliminates chain migration by limiting family-sponsored immigration to the spouses and minor children of U.S. citizens and legal permanent residents.

While U.S. citizens maintain the ability to sponsor nuclear family members without numerical limitation, the worldwide level of family-sponsored immigration is reduced from 480,000 to 88,000 to account for the elimination of the extended-family categories. Finally, a new nonimmigrant visa category is created for parents of adult U.S. citizens. Under this new category, sponsored alien parents would receive a renewable 5-year visa, but must be financially independent or supported financially by the adult son or daughter, as the visa does not authorize the alien to work or receive any form of public benefit.

https://www.numbersusa.com/news/sen-cotton-officially-introduces-raise-act

 

 

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The Pronk Pops Show 937, July 31, 2017, Story 1: Stagnating Economic Growth Rates Due To Growing Big Government Under Two Party Tyranny With Spending Addiction Disorder (SAD) — Solution: Replace All Federal Taxes with A Single Broad Based Consumption Tax (20 % Rate Included In Price of All New Goods and Services — Fair Tax Less) With Generous Tax Prebates ($1,000 Per Month For American Citizens Age 18 and older) and Limit Federal Budget Spending To 90% of Last Year’s Collections With Remaining 10% Paying Down National Debt) — As Government Shrinks — Peace, Prosperity and Freedom Flourish — Videos

Posted on July 31, 2017. Filed under: American History, Barack H. Obama, Blogroll, Breaking News, Budgetary Policy, Coal, Communications, Congress, Constitutional Law, Corruption, Countries, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Empires, Federal Government, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Speech, Government, Government Spending, Health, Health Care, Health Care Insurance, Hillary Clinton, Hillary Clinton, History, Housing, Human Behavior, Illegal Immigration, Immigration, Independence, Insurance, Investments, Labor Economics, Language, Law, Legal Immigration, Life, Lying, Media, Medicare, Monetary Policy, National Interest, Natural Gas, Obama, Oil, People, Polls, President Trump, Progressives, Rand Paul, Raymond Thomas Pronk, Regulation, Resources, Rule of Law, Scandals, Security, Senate, Social Security, Spying, Success, Tax Policy, Taxation, Taxes, Trade Policy, Unemployment, United States of America, Videos, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , |

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Story 1: Stagnating Economic Growth Rates Due To Growing Big Government Under Two Party Tyranny With Spending Addiction Disorder (SAD) — Solution: Replace All Federal Taxes with A Single Broad Based Consumption Tax (20 % Rate Included In Price of All New Goods and Services — Fair Tax Less) With Generous Tax Prebates ($1,000 Per Month For American Citizens Age 18 and older) and Limit Federal Budget Spending To 90% of Last Year’s Collections With Remaining 10% Paying Down National Debt) — As Government Shrinks — Peace, Prosperity and Freedom Flourish — Videos

 

US economy grew 2.6 percent in the second quarter.

(First Quarter Revised Down to 1.2 percent in the first quarter)

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U.S. Economy at a Glance:Perspective from the BEA Accounts

BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts.

National Economic Accounts

Gross Domestic Product (GDP)
Current Numbers
  • 2nd quarter 2017: 2.6 percent
  • 1st quarter 2017: 1.2 percent
Next release: August 30, 2017
Quarterly data: Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent (revised).

https://www.bea.gov/newsreleases/glance.htm

National Income and Product Accounts
Gross Domestic Product: Second Quarter 2017 (Advance Estimate), and Annual Update

Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017
(table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first
quarter, real GDP increased 1.2 percent (revised).

The Bureau emphasized that the second-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see “Source Data for the
Advance Estimate” on page 3). The "second" estimate for the second quarter, based on more complete
data, will be released on August 30, 2017.

The increase in real GDP in the second quarter reflected positive contributions from personal
consumption expenditures (PCE), nonresidential fixed investment, exports, and federal government
spending that were partly offset by negative contributions from private residential fixed investment,
private inventory investment, and state and local government spending. Imports, which are a
subtraction in the calculation of GDP, increased (table 2).

Real GDP: Percent Change from Preceding Quarter
Box___

                       Annual Update of the National Income and Product Accounts

The estimates released today reflect the results of the annual update of the national income and
product accounts (NIPAs) in conjunction with the "advance" estimate of GDP for the second quarter of
2017. The update covers the first quarter of 2014 through the first quarter of 2017. For more
information, see information on the "2017 Annual Update" on BEA’s Web site. Additionally, the August
Survey of Current Business will contain an article that describes the results in detail.

______


The acceleration in real GDP growth in the second quarter reflected a smaller decrease in private
inventory investment, an acceleration in PCE, and an upturn in federal government spending. These
movements were partly offset by a downturn in residential fixed investment and decelerations in
exports and in nonresidential fixed investment.

Current-dollar GDP increased 3.6 percent, or $169.0 billion, in the second quarter to a level of $19,226.7
billion. In the first quarter, current-dollar GDP increased 3.3 percent (revised), or $152.2 billion (table 1
and table 3).

The price index for gross domestic purchases increased 0.8 percent in the second quarter, compared
with an increase of 2.6 percent in the first quarter (revised) (table 4). The PCE price index increased 0.3
percent, compared with an increase of 2.2 percent. Excluding food and energy prices, the PCE price
index increased 0.9 percent, compared with an increase of 1.8 percent (appendix table A).


Personal Income (table 10)

Current-dollar personal income increased $118.9 billion in the second quarter, compared with an
increase of $217.6 billion in the first quarter (revised). The deceleration in personal income primarily
reflected decelerations in wages and salaries, in government social benefits, in nonfarm proprietors’
income, and in rental income, and downturns in personal interest income and in farm proprietors’
income. These movements were offset by an upturn in personal dividend income.

Disposable personal income increased $122.1 billion, or 3.5 percent, in the second quarter, compared
with an increase of $176.3 billion, or 5.1 percent, in the first quarter (revised). Real disposable personal
income increased 3.2 percent, compared with an increase of 2.8 percent.

Personal saving was $546.8 billion in the second quarter, compared with $553.0 billion in the first
quarter (revised). The personal saving rate -- personal saving as a percentage of disposable personal
income -- was 3.8 percent in the second quarter, compared with 3.9 percent in the first.


Source Data for the Advance Estimate

Information on the source data in the advance estimate is provided in a Technical Note that is posted
with the news release on BEA’s Web site. A detailed "Key Source Data and Assumptions" file is also
posted for each release. For information on updates to GDP, see the “Additional Information” section
that follows.


                    Annual Update of the National Income and Product Accounts


Updated estimates of the national income and product accounts (NIPAs), which are usually made each
July, incorporate newly available and more comprehensive source data, as well as improved estimation
methodologies. This year, the notable revisions primarily reflect the incorporation of newly available
and revised source data. The timespan of the revisions is the first quarter of 2014 through the first
quarter of 2017. The reference year remains 2009.

With the release of the updated statistics, select NIPA tables will be available on BEA’s Web site
(www.bea.gov).  Shortly after the GDP release, BEA will post a table on its Web site showing the major
current-dollar revisions and their sources for each component of GDP, national income, and personal
income.  Additionally, the August 2017 Survey of Current Business will contain an article describing these
revisions.

Updates for the first quarter of 2017

For the first quarter of 2017, real GDP is now estimated to have increased 1.2 percent; in the previously
published estimates, first-quarter GDP was estimated to have increased 1.4 percent. The 0.2-percentage
point downward revision to the percent change in first-quarter real GDP reflected downward revisions
to nonresidential fixed investment, to private inventory investment, to residential fixed investment, and
to federal government spending, and an upward revision to imports. These movements were partly
offset by upward revisions to PCE, to state and local government spending, and to exports.

Real GDI is now estimated to have increased 2.6 percent in the first quarter; in the previously published
estimates, first-quarter GDI was estimated to have increased 1.0 percent. First Quarter 2017

                                                     Previous Estimate       Revised

                                                  (Percent change from preceding quarter)
Real GDP                                                   1.4                 1.2
Current-dollar GDP                                         3.4                 3.6
Real GDI                                                   1.0                 2.6
Average of GDP and GDI                                     1.2                 1.9
Gross domestic purchases price index                       2.5                 2.6
PCE price index                                            2.4                 2.2


Real GDP (Tables 1A, 1B, and 2A)

The updated statistics largely reflect the incorporation of newly available and revised source data (see
the box below) and improvements to existing methodologies.

*	From 2013 to 2016, real GDP increased at an average annual rate of 2.3 percent; in the
        previously published estimates, real GDP had increased at an average annual rate of 2.2 percent.
        From the fourth quarter of 2013 to the first quarter of 2017, real GDP increased at an average
        annual rate of 2.1 percent, the same as previously published.

Real GDP: Percent Change from Preceding Quarter
*	The percent change in real GDP was revised up 0.2 percentage point for 2014, was revised up
        0.3 percentage point for 2015, and was revised down 0.1 percentage point for 2016.

    o       For 2014, upward revisions to nonresidential fixed investment, inventory investment,
            and state and local government spending were partly offset by an upward revision to
            imports.

    o       For 2015, upward revisions to personal consumption expenditures (PCE), inventory
            investment, exports, and nonresidential fixed investment were partly offset by
            downward revisions to state and local government spending and to residential fixed
            investment, and by an upward revision to imports.

    o       For 2016, downward revisions to exports, federal government spending, and inventory
            investment were partly offset by an upward revision to state and local government
            spending.

*	The revisions to the annual estimates typically reflect partly offsetting revisions to the quarters
        within the year.

    o       For 2014, the annual rate of change in GDP was revised up 0.3 percentage point for the
            first quarter, 0.6 percentage point for the second quarter, and 0.2 percentage point for
            the third quarter; these upward revisions were partly offset by a downward revision of
            0.3 percentage point for the fourth quarter.

    o       For 2015, upward revisions of 1.2 percentage points for the first quarter and 0.1
            percentage point for the second quarter were partly offset by downward revisions of 0.4
            percentage point for both the third and fourth quarters.

    o       For 2016, downward revisions of 0.2 percentage point for the first quarter, 0.7
            percentage point for the third quarter, and 0.3 percentage point for the fourth quarter
            were partly offset by an upward revision of 0.8 percentage point for the second quarter.

*	For the first quarter of 2014 through the first quarter of 2017, the average revision (without
        regard to sign) in the percent change in real GDP was 0.4 percentage point.  The revisions did
        not change the direction of the change in real GDP (increase or decrease) for any of the
        quarters.

*	For the period of economic expansion from the second quarter of 2009 to the first quarter of
        2017, real GDP increased at an average annual rate of 2.1 percent, the same as previously
        published.

*	Current-dollar GDP was revised up for all three years: $34.5 billion, or 0.2 percent, for 2014;
        $84.1 billion, or 0.5 percent, for 2015; and $55.4 billion, or 0.3 percent, for 2016.


Gross domestic income (GDI) and the statistical discrepancy (Tables 1A and 1B)

*	From 2013 to 2016 real GDI increased at an average annual rate of 2.3 percent, unrevised from
        the previous estimate.  From the fourth quarter of 2013 to the first quarter of 2017, real GDI
        increased at an average annual rate of 2.2 percent; in the previously published estimates, real
        GDI increased at an average annual rate of 2.1 percent.

*	The statistical discrepancy is current-dollar GDP less current-dollar GDI.  GDP measures final
        expenditures -- the sum of consumer spending, private investment, net exports, and
        government spending.  GDI measures the incomes earned in the production of GDP.  In concept,
        GDP is equal to GDI.  In practice, they differ because they are estimated using different source
        data and different methods.

*	The statistical discrepancy as a percentage of GDP was revised up from -1.5 percent to -1.3
        percent for 2014, was unrevised at -1.4 percent for 2015, and was revised up from -1.3 percent
        to -0.8 percent for 2016.

*	The average of GDP and GDI is a supplemental measure of U.S. economic activity. In real, or
        inflation-adjusted, terms this measure increased at an average annual rate of 2.3 percent from
        2013 to 2016, the same as previously published.


Price measures (Table 4A)

*	Gross domestic purchases - From the fourth quarter of 2013 to the first quarter of 2017, the
        average annual rate of increase in the price index for gross domestic purchases was 1.2 percent,
        the same as previously published.

*	Personal consumption expenditures - From the fourth quarter of 2013 to the first quarter of
        2017, the average annual rate of increase in the price index for PCE was 1.2 percent, 0.1
        percentage point higher than the previously published estimates. The increase in the “core” PCE
        price index, which excludes food and energy, was 1.6 percent, the same as previously published.


Income and saving measures (Table 1B)

*	National income was revised down $9.9 billion, or 0.1 percent, for 2014, was revised up $74.3
        billion, or 0.5 percent, for 2015, and was revised down $50.0 billion, or 0.3 percent, for 2016.

    o       For 2014, downward revisions to proprietors’ income and corporate profits were partly
            offset by upward revisions to taxes on production and imports and rental income of
            persons.

    o       For 2015, upward revisions to net interest, corporate profits, taxes on production and
            imports, and supplements to wages and salaries were partly offset by a downward
            revision to proprietors’ income.

    o       For 2016, downward revisions to wages and salaries, proprietors’ income, supplements
            to wages and salaries, and corporate profits were partly offset by upward revisions to
            net interest, taxes on production and imports, and the current surplus of government
            enterprises.

*	Corporate profits was revised down $11.5 billion, or -0.5 percent, for 2014, was revised up $29.4
        billion, or 1.4 percent, for 2015, and was revised down $12.4 billion, or 0.6 percent, for 2016.

*	Personal income was revised up $8.5 billion, or 0.1 percent, for 2014, was revised up $94.5
        billion, or 0.6 percent, for 2015, and was revised down $58.0 billion, or 0.4 percent, for 2016.

*	From 2013 to 2016, the average annual rate of growth of real disposable personal income was
        revised down 0.2 percentage point from 3.2 percent to 3.0 percent.

*	The personal saving rate (personal saving as a percentage of disposable personal income) was
        revised up from 5.6 percent to 5.7 percent for 2014, was revised up from 5.8 percent to 6.1
        percent for 2015, and was revised down from 5.7 percent to 4.9 percent for 2016.


New and revised source data

The updated statistics incorporated data from the following major federal statistical sources:

Agency                                      Data                                     Years Covered and Vintage

Census Bureau                       Annual surveys of wholesale trade               2014 (revised), 2015 (new)
                                    Annual surveys of retail trade                  2014 (revised), 2015 (new)
                                    Annual survey of manufactures                   2014 (revised), 2015 (new)
                                    Monthly indicators of manufactures,
                                      merchant wholesale trade, and retail trade    2014–2016 (revised)
                                    Service annual survey                           2014 and 2015 (revised), 2016 (new)
                                    Annual surveys of state and local
                                    government finances                             Fiscal year (FY) 2014 (revised), FY 2015 (new)

                                    Monthly survey of construction spending
                                      (value put in place)                          2014–2016 (revised)
                                    Quarterly services survey                       2014–2016 (revised)
                                    Current population survey/housing vacancy
                                      survey                                        2014 and 2015 (revised), 2016 (new)

Office of Management
  and Budget                        Federal Budget                                  Fiscal years 2016 and 2017

Internal Revenue Service            Tabulations of tax returns for corporations     2014 (revised), 2015 (new)
                                    Tabulations of tax returns for sole
                                      proprietorships and partnerships              2015 (new)

BLS                                 Quarterly census of employment and wages        2014–2016 ( revised)
                                    Survey of occupational employment               2016 (new)

Department of
Agriculture                         Farm statistics                                 2014–2016 (revised)

BEA                                 International transactions accounts             2014-2016 (revised)



Changes in methodology and presentation

The annual update also incorporated improvements to estimating methodologies and to the
presentation of the NIPA estimates, including the following:

*	Estimates for consumer spending incorporated improved allocations of industry-based retail
        sales to consumer goods, including increased use of retail scanner data and the Census Bureau’s
        E-Commerce Report.

*	The price index used to deflate fixed investment in prepackaged software is now based on a
        more representative Bureau of Labor Statistics Producer Price Index (PPI). In the previously
        published estimates, the BEA price for prepackaged software was based on the PPI for
        “Application software publishing.” Beginning with this annual update, BEA will use the PPI for
        “Software publishing, except games” that includes both applications and systems software
        publishing.

*	Publication of key source data and assumptions that are used to estimate quarterly GDP is
        updated and accelerated. Beginning with this annual update, BEA will post this information with
        each GDP release. (Previously, BEA released this information after the monthly personal income
        and outlays release, usually the business day following the GDP release.) Certain monthly data
        will continue to be released with the monthly personal income and outlays release. Because
        quarterly key source data and assumptions will now be available on the day of the GDP release,
        BEA will no longer publish Technical Note Table A.




                                          *          *          *

                               Next release:  August 30, 2017 at 8:30 A.M. EDT
                         Gross Domestic Product:  Second Quarter 2017 (Second Estimate)
                         Corporate Profits:  Second Quarter 2017 (Preliminary Estimate)

                                          *          *          *
https://www.bea.gov/newsreleases/national/gdp/2017/gdp2q17_adv.htm

US Real GDP Growth Rate by Year

Date Value
Mar 31, 2017 2.10%
Dec 31, 2016 1.96%
Dec 31, 2015 1.88%
Dec 31, 2014 2.49%
Dec 31, 2013 2.66%
Dec 31, 2012 1.28%
Dec 31, 2011 1.68%
Dec 31, 2010 2.73%
Dec 31, 2009 -0.24%
Dec 31, 2008 -2.77%
Dec 31, 2007 1.87%
Dec 31, 2006 2.39%
Dec 31, 2005 3.03%
Dec 31, 2004 3.12%
Dec 31, 2003 4.36%
Dec 31, 2002 2.04%
Dec 31, 2001 0.21%
Dec 31, 2000 2.89%
Dec 31, 1999 4.69%
Dec 31, 1998 5.00%
Dec 31, 1997 4.39%
Dec 31, 1996 4.45%
Dec 31, 1995 2.28%
Dec 31, 1994 4.13%
Dec 31, 1993 2.63%
Dec 31, 1992 4.33%
Dec 31, 1991 1.22%
Dec 31, 1990 0.65%
Dec 31, 1989 2.78%
Dec 31, 1988 3.84%
Dec 31, 1987 4.45%
Dec 31, 1986 2.94%
Dec 31, 1985 4.28%
Dec 31, 1984 5.63%
Dec 31, 1983 7.83%
Dec 31, 1982 -1.40%
Dec 31, 1981 1.29%
Dec 31, 1980 -0.04%
Dec 31, 1979 1.30%
Dec 31, 1978 6.68%
Dec 31, 1977 4.98%
Dec 31, 1976 4.33%
Dec 31, 1975 2.56%
Dec 31, 1974 -1.93%
Dec 31, 1973 4.02%
Dec 31, 1972 6.86%
Dec 31, 1971 4.38%
Dec 31, 1970 -0.15%
Dec 31, 1969 2.07%
Dec 31, 1968 4.97%
Dec 31, 1967 2.70%
Dec 31, 1966 4.51%
Dec 31, 1965 8.48%
Dec 31, 1964 5.15%
Dec 31, 1963 5.18%
Dec 31, 1962 4.28%
Dec 31, 1961 6.37%
Dec 31, 1960 0.86%
Dec 31, 1959 4.54%
Dec 31, 1958 2.67%
Dec 31, 1957 0.36%
Dec 31, 1956 1.99%
Dec 31, 1955 6.57%
Dec 31, 1954 2.74%
Dec 31, 1953 0.53%
Dec 31, 1952 5.35%
Dec 31, 1951 5.49%
Dec 31, 1950 13.40%
Dec 31, 1949 -1.50%
Dec 31, 1948 3.80%
Dec 31, 1947 -0.01%
Dec 31, 1946 10.67%
Dec 31, 1945 48.82%
Dec 31, 1944 76.87%
Dec 31, 1943 78.21%
Dec 31, 1942 64.41%
Dec 31, 1941 33.71%
Dec 31, 1940 19.39%
Dec 31, 1939 23.92%
Dec 31, 1938 24.99%
Dec 31, 1937 43.21%
Dec 31, 1936 34.55%
Dec 31, 1935 3.78%
Dec 31, 1934 -10.81%
Dec 31, 1933 -26.34%

http://www.multpl.com/us-real-gdp-growth-rate/table/by-year


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Pronk Pops Show 894,  May 16, 2017

Pronk Pops Show 893,  May 15, 2017

Pronk Pops Show 892,  May 12, 2017

Pronk Pops Show 891,  May 11, 2017

Pronk Pops Show 890,  May 10, 2017

Pronk Pops Show 889,  May 9, 2017

Pronk Pops Show 888,  May 8, 2017

Pronk Pops Show 887,  May 5, 2017

Pronk Pops Show 886,  May 4, 2017

Pronk Pops Show 885,  May 3, 2017

Pronk Pops Show 884,  May 1, 2017

Pronk Pops Show 883 April 28, 2017

Pronk Pops Show 882: April 27, 2017

Pronk Pops Show 881: April 26, 2017

Pronk Pops Show 880: April 25, 2017

Pronk Pops Show 879: April 24, 2017

Pronk Pops Show 878: April 21, 2017

Pronk Pops Show 877: April 20, 2017

Pronk Pops Show 876: April 19, 2017

Pronk Pops Show 875: April 18, 2017

Pronk Pops Show 874: April 17, 2017

Pronk Pops Show 873: April 13, 2017

Pronk Pops Show 872: April 12, 2017

Pronk Pops Show 871: April 11, 2017

Pronk Pops Show 870: April 10, 2017

Pronk Pops Show 869: April 7, 2017

Pronk Pops Show 868: April 6, 2017

Pronk Pops Show 867: April 5, 2017

Pronk Pops Show 866: April 3, 2017

Image result for cartoons trump on obamacare failure

Image result for cartoons trump on obamacare failure

Image result for cartoons Obamacare has failed

Image result for cartoons trump on obamacare failure

Image result for cartoons trump on obamacare failure

Image result for branco cartoons obamacare failed

Image result for cartoons trump on obamacare failure

 

Image result for Obamacare has failed

Image result for cartoons trump on obamacare failure

Story 1: “Obamacare Failed” Says President Trump — Wants Obamacare Completely  Repealed and Replaced Sooner or Later — Obama Lied To American People — Does President Trump Understand The Relationship Between Pre-existing Conditions, Guaranteed Issue, Community Rating and Adverse Selection — Many Doubt Trump Really Understands The Relationship That Is The Real Reason Obamacare Was Designed To Fail From The Beginning So It Could Be Replaced By Single Payer Government Health Care — Videos

Trump Warns GOP Senators; 7-19-2017

MUST WATCH: President Trump Reacts to GOP Healthcare Bill Collapse – “Let ObamaCare Fail” (FNN)

LIMBAUGH: If We REPEAL Obamacare, “It’s The WILD WEST”

Rand Paul on Failed Healthcare Bill | Repealing Obamacare

Sen. Rand Paul Still Wants a Clean Repeal of Obamacare

Senator Mike Lee: Trump is right. repeal Obamacare now, replace later

Richard Epstein: Obamacare’s Collapse, the 2016 Election, & More

Richard Epstein – Obama Explained

Health Care 2: Can Congress Force Individuals to Buy Insurance?

Richard Epstein on Health Care Reform

The Truth Behind the Affordable Care Act – Learn Liberty

Is Obamacare Working? The Affordable Care Act Five Years Later

Why Is Healthcare So Expensive?

Why Is U.S. Health Care So Expensive?

Milton Friedman on universal health care

Milton Friedman on Medical Care (Full Lecture)

Professor Richard Epstein tribute to Milton Friedman

Does Trump Even Know What A Pre-Existing Conditions Is??

Here’s Why the Epic Health Care Reform Disaster Occurred

Here’s Why the Epic Health Care Reform Disaster Occurred

Will I pay more for insurance if I have a pre-existing condition under Obamacare?

Hume: Trump’s scenario for ObamaCare ‘politically nuts’

Obama’s Health Plan In 4 Minutes

How ObamaCare has been a financial failure

We Now Have Proof Obamacare Was Designed to Fail… and Here’s Why

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The Pronk Pops Show 929, July 17, 2017, Story 1: Downsizing The Federal Government or Draining The Swap: Trump Should Permanently Close 8 Departments Not Appoint People To Run Them — Cut All Other Department Budgets by 20% — Video — Story 2: Federal Spending Breaks $4 Trillion for Fiscal Year 2017 — Story 3: The American People and President Trump Vs. Political Elitist Establishment of The Big Government Democratic and Republican Parties — Videos

Posted on July 18, 2017. Filed under: American History, Blogroll, Breaking News, Business, Cartoons, Coal, Communications, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Currencies, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Education, Elections, Empires, Employment, Federal Government, Government, Government Spending, Health, Health Care, Health Care Insurance, History, House of Representatives, Human, Independence, Insurance, Law, Life, Medicare, Movies, Natural Gas, Oil, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Raymond Thomas Pronk, Resources, Security, Senate, Social Security, Taxation, Taxes, U.S. Dollar, Unemployment, United States of America, Videos, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 929,  July 17, 2017

Pronk Pops Show 928,  July 13, 2017

Pronk Pops Show 927,  July 12, 2017

Pronk Pops Show 926,  July 11, 2017

Pronk Pops Show 925,  July 10, 2017

Pronk Pops Show 924,  July 6, 2017

Pronk Pops Show 923,  July 5, 2017

Pronk Pops Show 922,  July 3, 2017 

Pronk Pops Show 921,  June 29, 2017

Pronk Pops Show 920,  June 28, 2017

Pronk Pops Show 919,  June 27, 2017

Pronk Pops Show 918,  June 26, 2017 

Pronk Pops Show 917,  June 22, 2017

Pronk Pops Show 916,  June 21, 2017

Pronk Pops Show 915,  June 20, 2017

Pronk Pops Show 914,  June 19, 2017

Pronk Pops Show 913,  June 16, 2017

Pronk Pops Show 912,  June 15, 2017

Pronk Pops Show 911,  June 14, 2017

Pronk Pops Show 910,  June 13, 2017

Pronk Pops Show 909,  June 12, 2017

Pronk Pops Show 908,  June 9, 2017

Pronk Pops Show 907,  June 8, 2017

Pronk Pops Show 906,  June 7, 2017

Pronk Pops Show 905,  June 6, 2017

Pronk Pops Show 904,  June 5, 2017

Pronk Pops Show 903,  June 1, 2017

Pronk Pops Show 902,  May 31, 2017

Pronk Pops Show 901,  May 30, 2017

Pronk Pops Show 900,  May 25, 2017

Pronk Pops Show 899,  May 24, 2017

Pronk Pops Show 898,  May 23, 2017

Pronk Pops Show 897,  May 22, 2017

Pronk Pops Show 896,  May 18, 2017

Pronk Pops Show 895,  May 17, 2017

Pronk Pops Show 894,  May 16, 2017

Pronk Pops Show 893,  May 15, 2017

Pronk Pops Show 892,  May 12, 2017

Pronk Pops Show 891,  May 11, 2017

Pronk Pops Show 890,  May 10, 2017

Pronk Pops Show 889,  May 9, 2017

Pronk Pops Show 888,  May 8, 2017

Pronk Pops Show 887,  May 5, 2017

Pronk Pops Show 886,  May 4, 2017

Pronk Pops Show 885,  May 3, 2017

Pronk Pops Show 884,  May 1, 2017

Pronk Pops Show 883 April 28, 2017

Pronk Pops Show 882: April 27, 2017

Pronk Pops Show 881: April 26, 2017

Pronk Pops Show 880: April 25, 2017

Pronk Pops Show 879: April 24, 2017

Pronk Pops Show 878: April 21, 2017

Pronk Pops Show 877: April 20, 2017

Pronk Pops Show 876: April 19, 2017

Pronk Pops Show 875: April 18, 2017

Pronk Pops Show 874: April 17, 2017

Pronk Pops Show 873: April 13, 2017

Pronk Pops Show 872: April 12, 2017

Pronk Pops Show 871: April 11, 2017

Pronk Pops Show 870: April 10, 2017

Pronk Pops Show 869: April 7, 2017

Pronk Pops Show 868: April 6, 2017

Pronk Pops Show 867: April 5, 2017

Pronk Pops Show 866: April 3, 2017

Image result for cartoons on big government democratic and republican partiesImage result for cartoons on big fat governmentBar Chart of Government Spending by AgencyImage result for cartoons on big government democratic and republican parties

Image result for cartoons the american people and trump vs washington establishment

 

Story 1: Downsizing The Federal Government or Draining The Swap: Trump Should Permanently Close 8 Departments Not Appoint People To Run Them — Cut All Other Department Budgets by 20% — Video

Order of Establishment of the Executive Departments

Rank*
Year
Executive Departments
1
1789
2
1789
3
1789
1947
Department of War
Department of Defense (merger of War and Navy departments)
4
1789
1870
Attorney General
Department of Justice
1798
Department of the Navy
(merged with War Department in 1947)
1829
Postmaster General
(Post Office privatized in 1970)
5
1849
6
1862
1903
Department of Commerce and Labor
(Departments split in 1913)
7
1913
8
1913
9
1953
1980
10
1965
11
1966
12
1977
13
1979
14
1989
15
2002

Close Permanently The Following Federal Departments

1. Department of Agriculture

2. Department of Commerce

3. Department of Education

4. Department of Energy

5. Department of Housing and Urban Development

6. Department of Interior

7. Department of Labor

8. Department of Transportation

Keep Open The Following Federal Departments 

But Cut Budgets By 20 Percent

1. Department of Defense

2. Department of State

3. Department of Treasury

4. Department of Justice

5. Department of Veterans’ Affairs

6. Department of Health and Human Services

7. Department of Homeland Security

How to Solve America’s Spending Problem

Government: Is it Ever Big Enough?

The Bigger the Government…

The War on Work

What Creates Wealth?

The Promise of Free Enterprise

Why Capitalism Works

What is Crony Capitalism?

WH Website Asks Americans to Suggest Ways to Reorganize, Eliminate Federal Gov’t

Trump signs order to cut government costs

President Trump Signs Executive Order to Cut Government Costs

Trump orders a total examination and reorganization of federal agencies.

Downsizing the Federal Government

Dan Mitchell Commenting on Downsizing Government and Federal Bureaucracy

TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

Bureaucracy Basics: Crash Course Government and Politics #15

Types of Bureaucracies: Crash Course Government and Politics #16

Controlling Bureaucracies: Crash Course Government and Politics #17

Can the United States Reform its Way to Financial Security?

 

President Trump has filled far fewer top jobs in cabinet or cabinet-level agencies than President Barack Obama had at this point in his presidency.

The status of top jobs
25 weeks into each administration:

Confirmed
by Senate
Nominated or
Announced
Empty
Trump 33 57 120
Obama 126 43 41

Story 2: Federal Spending Breaks $4 Trillion for Fiscal Year 2017 — Videos

Bar Chart of Government Spending by Agency

The bar chart comes directly from the Monthly Treasury Statement published by the U. S. Treasury Department. <—- Click on the chart for more info.

The “Debt Total” bar chart is generated from the Treasury Department’s “Debt Report” found on the Treasury Direct web site. It has links to search the debt for any given date range, and access to debt interest information. It is a direct source to government provided budget information.

$$$ — “Deficit” vs. “Debt”— $$$

Suppose you spend more money this month than your income. This situation is called a “budget deficit”. So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you spend more than your income, another deficit, you must borrow some more, and you’ll still have to pay the interest on your debt (now larger). If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don’t have any money left over for anything else. This situation is known as bankruptcy.

“Reducing the deficit” is a meaningless soundbite. If the DEFICIT is any amount more than ZERO, we have to borrow more and the DEBT grows.

Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress’s appropriations. Here is a direct link to the Congressional Budget Office web site. Check out the CBO’s assessment of the Debt. We have to pay interest* on that huge, growing debt; and it dramatically cuts into our budget.

Huge Mistake! White House Reveals Budget Deficit Will Be $250 BILLION Greater

Federal Spending to Top a Record $4 Trillion in FY2017

1. June Unemployment Report Was Better Than Expected
2. Federal Spending to Blow Through $4 Trillion in FY2017
3. What Does the Government Spend Our Tax Dollars On?
4.Even President Trump’s Federal Budget Increases Spending

Overview

Both the Congressional Budget Office and the White House Office of Management and Budget announced last week that federal spending will top $4 trillion for the first time ever in fiscal 2017, which began on October 1, 2016 and ends on September 30.

The Congressional Budget Office released its annual “Budget and Economic Outlook: 2017 to 2027” last week in which it projected that total federal spending in fiscal 2017 will hit a record $4,008,000,000,000. That’s up from the previous record of $3.853 trillion spent in fiscal 2016.

While most Americans have no idea how much our out-of-control government spends each year, much less what our enormous annual federal budget deficits are, long-time clients and readers, know this is a topic I focus on and warn about each and every year – and will again today. This is something every American voter should absolutely know about!

Yet before we get to those discussions, I will summarize last Friday’s better than expected unemployment report for June. The strong jobs report had several significant implications for the economy going forward as I will discuss below. Let’s get started.

June Unemployment Report Was Better Than Expected

Friday’s unemployment report for June was a welcome surprise, especially following the weaker than expected report for May. The Labor Department reported at the end of last week that the economy created 222,000 new jobs in June, up from only 152,000 in May – and well above the pre-report expectation of 179,000.

The increase in new jobs in June was the largest in four months and the second highest of the year. Hiring was also revised higher for May and April than previously reported. The pickup in hiring in the spring coincides with a fresh spurt of growth in the economy after a slow start to the year.

Monthly change in nonfarm payrolls

The headline unemployment rate rose slightly from 4.3% in May to 4.4% in June, but that was largely because more jobless Americans rejoined the labor force by actively looking for work last month. That’s a good thing.

Hourly pay rose 0.2% to $26.25 an hour in June, the government said. Over the last 12 months, wages have only advanced a modest 2.5% — up slightly from the rate reported for May, but still well below the usual gains at this late stage of an economic expansion.

Underemployment, which measures people who want to be working full-time but are not, rose to 8.6% in June from 8.4% in May. It‘s still far lower than in prior years but it’s never a good sign to see this measure tick up.

The number of Americans who work part-time but want a full-time job also rose a notch to 5.3 million in June. Part-time employment has been a persistent problem for job seekers since the recession ended, as many companies try to limit increases in full-time workers.

Overall, economists say the strong job gains in June reflect a healthy labor market. Some believe we are approaching the level of “full employment.”

Federal Spending to Blow Through $4 Trillion in FY2017

The Congressional Budget Office (CBO) and the White House Office of Management and Budget (OMB) reported last week that federal spending will top $4 trillion for the first time ever in fiscal 2017, which ends on September 30.

The CBO released its annual “Budget and Economic Outlook: 2017 to 2027” last week in which it projected that total federal spending in fiscal 2017 will hit a record $4.008 trillion. That’s up from the previous record of $3.853 trillion spent in fiscal 2016.

Federal spending to top $4 trillion

The record $4.008 trillion the CBO estimates the federal government will spend this fiscal year equals $33,805 for each of the 118,562,000 households the Census Bureau estimated were in the United States as of March.

I should note for the record that while federal spending will top $4 trillion for the first time this year while Donald Trump is president, this year’s spending is actually tied to Barack Obama’s budget passed in his last year in office. So don’t blame President Trump… yet.

The federal budget goes up every single year, no matter which party is in office, and no matter that our national debt will top $20 trillion later this year. Clearly, federal spending is out of control, and no one in Washington, DC has the will to stop it – including President Trump (more on this below).

Apparently, leaders in both parties no longer believe there is a limit to how much our country can borrow and spend. There is no longer any sense that our ballooning national debt will at some point trigger a new financial crisis much worse than what we experienced in late 2007-early 2009.

Worst of all, WE keep electing and re-electing these people. In that sense, it’s our own fault.

What Does the Government Spend Our Tax Dollars On?

Many (if not most) Americans don’t understand how and where the government spends our tax dollars and the tens of billions it borrows each and every year. That’s what we will take a look at in the discussion just below. Let’s start with this graphic for an overview.

Government spending

Pew Research had an excellent analysis on how the federal government spends our money (and what it borrows) earlier this year. I’ll reprint the highlights for you below (emphasis mine).

“When thinking about federal spending, it’s worth remembering that, as former Treasury official Peter Fisher once said, the federal government is basically ‘a gigantic insurance company,’ albeit one with ‘a sideline business in national defense and homeland security.’

In fiscal year 2016, which ended this past September 30, the federal government spent just under $4 trillion, and about $2.7 trillion – more than two-thirds of the total – went for various kinds of social insurance (Social Security, Medicaid and Medicare, unemployment compensation, Veterans benefits and the like).

Another $604 billion, or 15.3% of total spending, went for national defense; net interest payments on government debt was about $240 billion, or 6.1%. Education aid and related social services were about$114 billion, or less than 3% of all federal spending. Everything else – crop subsidies, space travel, highway repairs, national parks, foreign aid and much, much more – accounted for the remaining 6%.

It can be helpful to look at federal spending as a share of the overall US economy, which provides a consistent frame of reference over long periods. In fiscal 2016, total federal outlays were 21.5% of Gross Domestic Product (GDP). For most of the past several decades, federal spending has hovered within a few percentage points above or below 20%.

The biggest recent exception came in the wake of the 2008 mortgage crash: In fiscal 2009, a surge in federal relief spending combined with a shrinking economy to push federal outlays to 24.4% of GDP, the highest level since World War II — when federal spending peaked at nearly 43% of GDP.

Social security, Medicare, human services a growing share of spendingMeasured as a share of GDP, the biggest long-term growth in federal spending has come in human services, a broad category that includes various kinds of social insurance, other health programs, education aid and veterans benefits.

From less than 1% of GDP during World War II (when many Depression-era aid programs were either ended or shifted to the war effort), federal spending on human services now amounts to 15.5% of GDP.

It actually was higher – 16.1% – in fiscal 2010, largely due to greater spending on unemployment compensation, food assistance and other forms of aid during the Great Recession. Now, the main growth drivers of human-services spending are Medicaid, Medicare and Social Security.

While spending on human services has grown to represent a greater share of GDP over time, the defense share has become smaller: It was 3.3% in fiscal 2016, versus 4.7% as recently as fiscal 2010. In general, and perhaps not surprisingly, defense spending consumes more of GDP during wartime (well over a third at the height of World War II) and less during peacetime.

The major exception was the Reagan-era military buildup… From a post-Vietnam low of 4.5% of GDP in fiscal 1979, defense spending eventually peaked at 6% of GDP in fiscal 1986.

Besides human services and national defense, the next-biggest category of federal spending is interest on public debt. Excluding interest paid to government trust funds (such as the Social Security and military-retirement trust funds) and various other small government loanprograms, the $240 billion in net interest paid on federal debt in fiscal 2016 represented 1.3% of GDP. [Remember that interest rates are near historic lows today.]

Even though total public debt has continued to grow (it stood at nearly $19.96 trillion in February, hitting the statutory debt limit), the dollar amount of actual interest paid fluctuates with the general interest rate environment. Rates are quite low now, but they were much higher in the 1980s and 1990s; in those decades, net interest payments often approached or exceeded 3% of GDP. END QUOTE

Even President Trump’s Federal Budget Increases Spending

Back in March, President Trump unveiled a controversial new federal budget proposal for fiscal year 2018, which begins on October 1st. The budget was a shocker in that it proposed cutting spending in every federal agency except Defense, Homeland Security and Veterans Affairs.

The new budget would slash Environmental Protection Agency spending by over 31% next year and cut State Department spending by over 28%, all in one fell swoop. It is by far the most conservative, smaller government budget we have seen in my adult lifetime.

Trump proposals for government agency budget changes

Yet as I wrote on March 21, Mr. Trump’s so-called “skinny budget” has no chance of becoming law. I bring it back up today only to point out that even with Trump’s massive government agency cuts (which will never pass), federal spending still increases in FY2018.

As noted above, the CBO and the OMB now agree that federal spending in FY2017 will be apprx. $4.008 trillion. In Trump’s proposed budget, federal spending would reach apprx. $4.094 trillion. And it goes up each year thereafter, soaring to $5.7 trillion by 2027 – even under Trump’s skinny budget.

The sad reality is that our politicians will not take definitive actions to slow the rise in our national debt. Perhaps that’s because half of American households receive direct benefits from government programs like Medicare, Social Security, the Supplemental Nutrition Assistance Program (food stamps), nutrition programs for mothers and children, subsidized housing and unemployment assistance, to name just a few.

That’s another topic for another day. The point is, federal spending is out of control, and our leaders have no intention of stopping or reversing this dangerous trend. What this means is that we are destined for another serious financial crisis at some point. The markets and our creditors will decide when and it won’t be pretty!

Wishing you well,
Gary D. Halbert

Forecasts & Trends E-Letter is published by Halbert Wealth Management, Inc. Gary D. Halbert is the president and CEO of Halbert Wealth Management, Inc. and is the editor of this publication. Information contained herein is taken from sources believed to be reliable but cannot be guaranteed as to its accuracy. Opinions and recommendations herein generally reflect the judgement of Gary D. Halbert (or another named author) and may change at any time without written notice. Market opinions contained herein are intended as general observations and are not intended as specific investment advice. Readers are urged to check with their investment counselors before making any investment decisions. This electronic newsletter does not constitute an offer of sale of any securities. Gary D. Halbert, Halbert Wealth Management, Inc., and its affiliated companies, its officers, directors and/or employees may or may not have investments in markets or programs mentioned herein. Past results are not necessarily indicative of future results. Reprinting for family or friends is allowed with proper credit. However, republishing (written or electronically) in its entirety or through the use of extensive quotes is prohibited without prior written consent.

https://www.advisorperspectives.com/commentaries/2017/07/11/federal-spending-to-top-a-record-4-trillion-in-fy2017?channel=Economic%20Insights

Social Security Will Be Paying Out More Than It Receives In Just Five Years

Tyler Durden's picture

Authored by Mac Slavo via SHTFplan.com,

When social security was first implemented in the 1930’s, America was a very different country. Especially in regards to demographics. The average life expectancy was roughly 18 years younger than it is now, and birth rates were a bit higher than they are now. By the 1950’s, the fertility rate was twice as high as it is in the 21st century.

In other words, for the first few decades, social security seemed very sustainable. Most people would only live long enough to benefit from it for a few years, and there was an abundance of young workers who could pay into the system.

Those days are long gone. As birth rates plummet and people live longer, (which otherwise should be considered a positive development) social security’s future is looking more and more bleak.

No matter how you slice it, it doesn’t seem possible to keep social security funded. In fact, social security is going to start paying out more money than it receives in just a few short years. It may even be insolvent before the baby boomer generation dies off.

According to the Social Security Board of Trustees, the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be depleted in 2034.

When this happens, only 77 percent of benefits will be payable. That estimate is no change from last year’s estimate.

In addition, the Disability Insurance trust fund will be depleted in 2028, which is an improvement from last year’s estimate of 2023. Once that fund is depleted, 93 percent of benefits will be paid.

Right now, Social Security continues to take in through revenue more than it pays it through benefits, which is expected to continue until 2022. Once Social Security begins to pay out more than it takes in, it will be forced to liquidate the assets held by the trust funds.

In 2016, Social Security generated $957 billion in income. It only paid out $922 billion including $911 billion in benefits to 61 million beneficiaries.

But the solutions that have been proposed for this problem don’t hold much promise. For instance, we know that simply raising taxes won’t work.

But increasing the payroll tax is not a good long-term solution to fixing Social Security. For example a higher payroll tax would have negative economic effects. In addition, it’s not even clear that raising the payroll tax would even generate enough revenue.

“Some claim that the solution to preserving Social Security is to raise more taxes, but history shows that doesn’t work,” said David Barnes who is the director of policy engagement for Generation Opportunity in a statement to the Washington Free Beacon. “In fact, since Social Security was created, payroll taxes have been raised more than 20 times. Twenty times! Yet, the program is still headed towards insolvency.”

This is one reason why so many Western countries, almost all of which are suffering from declining birth rates, have been so eager to open their borders to more immigrants. They’re trying to bring in as many young workers as they can.

But that’s not going to work either. Forget about the high crime rates, terrorist attacks, and social disintegration that Europe is facing now after bringing in millions of immigrants. Even if those problems didn’t exist, immigration isn’t the solution. The West has had wide open borders for decades, and it hasn’t made a dent in the liabilities faced by social security programs (perhaps these immigrants aren’t paying as many taxes as these governments had hoped).

We could let younger generations opt out of social security to stave off future obligations, but that wouldn’t help fund the current generation of retirees. Social security is already on the path to being underfunded for them, and letting young people opt out would obviously make things worst for current retirees.

There isn’t really any viable solution for paying off the future liabilities of social security, aside from cutting the benefits or increasing the retirement age. Otherwise it’s going to run out of money eventually, which is the same story with private and public pensions. We are all paying for our retirements in one form or another, but few of us living right now are going to fully benefit from it.

http://www.zerohedge.com/news/2017-07-19/social-security-will-be-paying-out-more-it-receives-just-five-years

Story 3: The American People and President Trump Vs. Political Elitist Establishment of The Big Government Democratic and Republican Parties — Videos

Ronald Reagan .. “Government is the problem”

The Bigger the Government…

Government: Is it Ever Big Enough?

How Big Should Government Be? Left vs. Right #1

Big Government Kills Small Businesses

Socialist explains why we need big government and more freebies

 

Why universal basic income is gaining support, critics

July 15, 2017 Updated: July 17, 2017 11:49am

The idea of government giving every person a universal basic income has been gaining traction thanks in part to endorsements from some Silicon Valley celebs. Elon Musk, Mark Zuckerberg, venture capitalist Marc Andreessen and others want to explore the idea.

The idea of government giving every person a universal basic income has been gaining traction thanks in part to endorsements from some Silicon Valley celebs. Elon Musk, Mark Zuckerberg, venture capitalist Marc Andreessen and others want to explore the idea.

The idea of a universal basic income — monthly cash payments from the government to every individual, working or not, with no strings attached — is gaining traction, thanks in part to endorsements from Silicon Valley celebs.

Some see it as a way to compensate for the traditional jobs with benefits that will be wiped out by robotics, artificial intelligence, self-driving vehicles, globalization and the gig economy. Others see it as a way to reduce income inequality or to create a more efficient, less stigmatizing safety net than our current mishmash of welfare benefits.

“I think ultimately we will have to have some kind of universal basic income, I don’t think we are going to have a choice,” Tesla CEO Elon Musk said at the World Government Summit in Dubai in February.

In a commencement speech at Harvard University in May, Facebook CEO Mark Zuckerberg said, “We should explore ideas like universal basic income to give everyone a cushion to try new things.” And in a July 4 blog post,Zuckerberg praised Alaska’s Permanent Fund Dividend, the nearest thing to universal income in this or any country. Since 1982, Alaska has been distributing some of its oil revenue as an annual payment, ranging from about $1,000 to $3,000, to every resident including children.

Facebook co-founder Chris Hughes, venture capitalist Marc Andreessen and Y Combinator president Sam Altman have all said it’s worth exploring. Y Combinator’s nonprofit research lab started a basic income pilot with fewer than 100 people in Oakland last fall with the goal of gathering information to structure a larger research proposal, its director, Elizabeth Rhodes, said.

The concept has been around, with different names and in different countries, for centuries, said Karl Widerquist, co-founder of the Basic Income Earth Network.

It enjoyed a wave of U.S. popularity in the 1910s and ’20s and again in the ’60s and ’70s when it was championed by free-market economist Milton Friedman, Martin Luther King and, for a while, Richard Nixon.

It resurfaced again after the 2008 financial crisis, when soaring unemployment and corporate bailouts focused attention on the “99 percent.” The concept picked up steam in recent years as studies started predicting widespread unemployment because of automation.

Basic income has fans across the political spectrum, but for very different reasons. Libertarian backers would replace all or most welfare programs with a monthly cash payment as a way to prevent poverty, reduce government bureaucracy and let people decide for themselves how to use the money.

Facebook CEO Mark Zuckerberg (right), shown in May receiving an honorary degree from Harvard, also supports the universal income concept. Photo: Paul Marotta, Getty Images

Photo: Paul Marotta, Getty Images

Facebook CEO Mark Zuckerberg (right), shown in May receiving an honorary degree from Harvard, also supports the universal income concept.

By contrast, “those left of center like the idea of using (basic income) as a supplement to the existing safety net,” said Natalie Foster, co-chairwoman of the Economic Security Project, a two-year fund devoted to researching and promoting the idea of unconditional cash.

In a “utopian version,” the money would “sit alongside existing programs” and go to every man, woman and child, Foster said. But if you made it enough to keep people above poverty — $1,000 a month is a popular number — “it starts to add up to a very significant portion of the GDP,” Foster said.

That’s why some proposals would reduce or eliminate payments to children or to adults over 65 if they are getting Social Security and Medicare. Some would limit the benefits going to high-income people, either directly or indirectly by raising their tax.

“In the simple model, everyone in the lower half (of the income distribution) would be a net beneficiary, everyone in the upper half would be net payers,” Widerquist said.

Charles Murray, a libertarian political scientist with the American Enterprise Institute, has proposed a basic income plan that would replace all transfer payments including welfare, food stamps, housing subsidies, the earned income tax credit, Social Security, Medicare and Medicaid. It would also eliminate farm subsidies and “corporate welfare.”

In exchange, each American older than 21 would get a monthly payment totaling $13,000 a year, of which $3,000 would go to health insurance. After $30,000 in earned income, a graduated tax would “reimburse” some of the grant until it dropped to $6,500 at $60,000 in income. However, the grant would never drop below $6,500 to compensate for the loss of Social Security and Medicare.

Murray admitted that many seniors get more than $6,500 worth of benefits a year from those two programs, which is why it would have to be phased in.

“What I’m proposing would actually be cheaper than the current system,” Murray said. It would give adults a “living income” and “liberate people” who are tied to a job or welfare program in a particular city because they can’t risk leaving to pursue a new opportunity.

Tesla CEO Elon Musk favors universal basic income to compensate workers displaced by automation. "I don’t think we are going to have a choice," he said at a February event in Dubai. Photo: KARIM SAHIB, AFP/Getty Images

Photo: KARIM SAHIB, AFP/Getty Images

Tesla CEO Elon Musk favors universal basic income to compensate workers displaced by automation. “I don’t think we are going to have a choice,” he said at a February event in Dubai.

Andy Stern, a senior fellow at the Economic Security Project, has proposed a “left-of-center” plan that would give every adult 18 to 64 a monthly cash payment of $1,000. It would replace welfare programs such as food stamps, the earned income tax credit, unemployment and Supplemental Security Income. But it would keep Social Security, Medicare, Medicaid and Social Security disability.

He figures the plan would cost about $1.75 trillion a year. Ending welfare programs would save about a third of that. Another third could come from ending the tax deduction for mortgage interest and other write-offs. The remaining third could come from new sources such as a tax on carbon emissions or financial transactions.

Stern would not reduce payments to the rich or raise their taxes because that would bring back the problem he is trying to eliminate — determining who is “worthy and unworthy” to receive benefits. But many of the tax increases he envisions “would have a disproportionate effect on higher-income people,” he said.

Some opponents of guaranteed income say it will encourage laziness. Proponents say the current system discourages work by taking away some benefits as income goes up.

Zipcar founder Robin Chase, now a speaker and author, said universal income would encourage and reward important work that “does not get monetized,” such as child care and volunteer work. It would also spur business creation. “I had the luxury of taking risks because I had a husband who had a full-time job with health care. A majority of the population cannot take any risks in pursuing innovation or higher-value, non-remunerative things.”

Some believe the answer to income inequality and automation is not guaranteed income but a guaranteed job. Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, has said the federal government should provide a job with benefits to anyone who wants one and can’t get one. “A job guarantee could simultaneously lower un- and underemployment while providing critically needed labor in fields ranging from infrastructure to education to child and elder care,” Bernstein, who was an economist in President Barack Obama’s administration, wrote in the American Prospect.

Jason Furman, who chaired Obama’s Council of Economic Advisers, doesn’t like guaranteed jobs or guaranteed income. Furman, now a professor at the Harvard Kennedy School, said universal income suffers from three problems.

“One is that it’s very hard to make the numbers add up. To get to (incomes) like $12,000, you need huge increases in taxes. Two, there are a lot of benefits to targeting. You only get unemployment if you don’t have a job and are looking for a new job. If anything, I might toughen the work search requirement” to receive unemployment.

Finally, he said, “I believe there is no reason that people can’t be employed in the future. We have thousands of years of experience of technological progress not leading” to mass unemployment. He pointed out that technologically advanced countries do not have higher unemployment rates than those that are less advanced.

“We should put more effort into how to create jobs and prepare people for jobs in the future,” he said. Universal basic income “is giving up on work and giving up on people. I’m not prepared to do that.”

Kathleen Pender is a San Francisco Chronicle columnist. 

http://www.sfchronicle.com/aboutsfgate/article/Why-universal-basic-income-is-gaining-support-11290211.php

 

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The Pronk Pops Show 928, July 13, 2017, Story 1: Senate Revised Republican Repeal and Replacement Bill A Betrayal of Voters Who Gave Republicans Control of Senate and House — Does Not Repeal All Obamacare Mandates, Regulations and Taxes but Does Bailout Insurance Industry and States Who Extended Medicaid Benefits — Trump Should Veto This Betrayal By Republican Establishment of Republican Voters — Videos — Story 2: Estimated insolvency date of Social Security’s Trust fund is 2034 — and Medicare’s Hospital Trust Fund is 2029 —  Social Security and Medicare Benefits Will Be Cut or Taxes Raised or Combination of Benefit Cuts and Tax Increases — Videos — Story 3: Trump’s Broken Promises and Kept Promises — Good Intentions are Not Enough — Only Results Count — Videos

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Story 1: Senate Revised Republican Repeal and Replacement Bill A Betrayal of Voters Who Gave Republicans Control of Senate and House — Does Not Repeal All Obamacare Mandates, Regulations and Taxes but Does Bailout Insurance Industry and States Who Extended Medicaid Benefits — Trump Should Veto This Betrayal By Republican Establishment of Republican Voters — Videos —

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Story 2: Estimated insolvency date of Social Security’s big trust fund is 2034 — and Medicare’s Hospital Trust Fund is 2029 —  Social Security and Medicare Benefits Will Be Cut or Taxes Raised or Combination of Benefit Cuts and Tax Increases — Videos

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Social Security Trust Fund

youtube=https://www.youtube.com/watch?v=moG31hGZl14]

The Social Security Trust Fund

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III – Unfunded Liabilities

Social Security trust fund will be depleted in 17 years, according to trustees report

BY PHILIP MOELLER  July 13, 2017 at 6:34 PM EDT

The annual trustee reports on Social Security and Medicare were released earlier today and showed little change from last year. With both programs facing longer-term deficits, these annual report cards have become a doomsday clock for senior benefits.

With both programs facing longer-term deficits, these annual report cards have become a doomsday clock for senior benefits.

The top line of today’s reports is that the estimated insolvency date of Social Security’s big trust fund is 2034 — unchanged from last year. The other big fund is Medicare’s hospital trust fund. Last year, it was projected to run out of funds in 2028, or 12 years. That date was rolled forward a year — to 2029 — in this year’s report.

Both funds are paid for by wage earners out of their Social Security payroll taxes. What the insolvency dates mean is that payroll taxes will be the only source of benefit payments once the trust fund reserves are gone. In the case of Social Security, payroll taxes in 2034 will be able to pay an estimated 77 percent of projected benefits. For Part A of Medicare, which covers hospital and nursing home expenses, payroll taxes in 2029 will pay an estimated 88 percent of the program’s projected expenses.

The Social Security report also projected that the program’s 2018 cost of living adjustment, or COLA, would be 2.2 percent, the largest in several years. The COLA sets annual increases in Social Security benefits and also helps determine the level of consumer payments each year for Medicare Part B premiums.

READ MORE: Column: For older Americans, the GOP health bills would be nothing short of devastating

The trustees also estimated that the payroll tax ceiling would rise to $130,500 next year from $127,200 this year. Individuals pay 7.65 percent of their wages in payroll taxes, with 6.2 percentage points to the Social Security trust funds and 1.45 percent to the Medicare trust fund. Employers pay the same amount. The Medicare component of the tax has no wage ceiling.

People on Medicare and Social Security have Part B premiums deducted from their monthly Social Security benefit payments. Under Social Security’s “hold harmless”rule, the Part B premiums can’t increase each year by more than the amount of any COLA-related boost in Social Security payments.

In recent years, Part B expenses have risen at rates much larger than COLA increases. People held harmless have been shielded from the full impact of this Part B inflation. Some people today pay only about $107 a month for Part B premiums, while others who were not held harmless this year are paying $134 a month.

The top line of today’s reports is that the estimated insolvency date of Social Security’s big trust fund is 2034 — unchanged from last year.

The trustees estimated that the monthly premium for Medicare Part B coverage will remain at $134 a month next year and in 2019. Part B’s annual deductible is also expected to remain at $183 through 2019.

The trustees also kept unchanged their estimates of the expected high-income surcharges for Part B premiums of wealthier Medicare enrollees through 2019. They will range from $187.50 to a maximum of $428.60 a month. However, surcharges for Part D premiums are estimated to increase next year, from a range of $13.30 to $76.20 a month this year, to a range of $14 to $80.60 a month in 2018.

Estimates for key elements of Part A hospital insurance payments were increased by 2.7 percent between 2017 and 2018, with the annual deductible for Part A hospital insurance estimated to rise to $1,352 next year from $1,316. Hospital and nursing home co-insurance payments also would rise 2.7 percent.

Part D drug premiums were projected to rise from a monthly base of $35.63 this year to $37.54 in 2018. Medicare earlier had announced that the maximum annual deductible for a Part D plan will rise to $405 in 2018 from $400 this year.

READ MORE: How does Social Security’s cost of living adjustment affect Medicare?

Under terms of the Affordable Care Act, the so-called “donut hole,” or coverage gap in Part D plans, will close completely by 2020. At that time, people will pay 25 percent of the costs of their drugs when they are in the coverage gap of their Part D plan.

Next year, they will pay 35 percent of the price for brand-name drugs and 44 percent of the price for generic drugs. The gap will begin next year after drug costs hit $3,750, up from $3,700 this year. Once expenses hit $5,000, up from $4,950 this year, people will be in the catastrophic coverage phase and will pay no more than 5 percent of the cost of their drugs.

The Social Security report also projected that the program’s 2018 cost of living adjustment, or COLA, would be 2.2 percent, the largest in several years.

The outlook could have been worse for Medicare. Its finances have been supported by high-income Medicare payroll and investment taxes that were imposed by the Affordable Care Act.

These taxes were removed in earlier versions of Republican bills designed to overturn the Affordable Care Act. These cuts were restored in the revised Senate bill that was released earlier today, although it was not immediately clear if Medicare would directly benefit from these taxes to the extent is has under terms of the Affordable Care Act.

Another Affordable Care Act provision related to Medicare would have triggered mandatory Medicare savings had the rate of health care inflation substantially exceeded overall inflation rates. Such a finding would activate an Independent Payment Advisory Board, or IPAB, which some Affordable Care Act critics have described as a death panel. However, the trustee report said health care inflation rates were not large enough to trigger the IPAB process.

Unlike Social Security, payroll taxes do not cover all or even most Medicare spending. Taxpayers foot the bills for most spending on Parts B and D of Medicare. Part B covers doctor, outpatient and durable medical equipment expenses. Part D is the Medicare prescription drug program. While consumer spending on both programs is substantial, they nonetheless run up hundreds of billions in annual deficits that are paid for out of general federal revenues.

http://www.pbs.org/newshour/making-sense/social-security-trust-fund-will-depleted-17-years-according-trustees-report/

Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending

Published on May 10, 2010

Huge budget deficits and record levels of national debt are getting a lot of attention, but this video explains that unfunded liabilities for entitlement programs are Americas real red-ink challenge. More important, this CF&P mini-documentary reveals that deficits and debt are symptoms of the real problem of an excessive burden of government spending. http://www.freedomandprosperity.org

Social Security trust fund projected to run dry by 2034

If lawmakers don’t act, Social Security’s trust fund will be tapped out in about 18 years.

That’s one takeaway from the Social Security and Medicare trustees’ annual report released Wednesday.

That doesn’t mean retirees will get nothing by 2034. It means that at that point the program will only have enough revenue coming in to pay 79% of promised benefits.

So if you’re expecting to get $2,000 a month, the program will only be able to pay $1,580.

Technically, Social Security is funded by two trust funds — one for retiree benefits and one for disability benefits.

The 2034 date is the exhaustion date for both funds when combined. But if considered separately, the old-age fund will be exhausted by 2035, after which it would be able to pay just 77% of benefits. And the disability fund will be tapped out by 2023, at which point it could only pay out 89% of promised benefits.

To make all of Social Security solvent for the next 75 years would require the equivalent of any of the following: immediately raising the Social Security payroll tax rate to 14.98% from 12.4% on the first $118,500 of wages; cutting benefits by 16%; or some combination of the two.

Medicare faces insolvency two years earlier than expected

In terms of Medicare, the trustees project that the trust fund for Part A, which covers hospital costs for seniors, will run dry by 2028. That’s two years earlier than they projected last year, due to lower than expected payroll taxes and a slower-than-estimated rate of reduction in inpatient use of hospital services.

But the exhaustion date is still 11 years later than had been projected before Congress passed the Affordable Care Act, now known as Obamacare.

By 2028, Medicare Part A would only be able to pay out 87% of expected benefits — a figure that would fall to 79% by 2043 before gradually increasing to 86% by 2090.

Medicare Part B, meanwhile, which helps seniors pay for doctor’s bills and outpatient expenses, is funded by a combination of premium payments and money from general federal revenue. The same is true of Part D, which offers prescription drug coverage. Both will be financed in full indefinitely, but only because the law requires automatic financing of it.

But their costs are growing quickly. The trustees estimate that the costs will grow to 3.5% of GDP by 2037 then to 3.8% by 2090, up from 2.1% last year.

“Social Security and Medicare remain secure in the medium-term,” said Treasury Secretary Jacob Lew. “But reform will be needed, and Congress should not wait until the eleventh hour to address the fiscal challenges given that they represent the cornerstone of economic security for seniors in our country.”

Where do the presidential candidates stand?

The country’s long-term debt is very much driven by entitlement program spending, particularly in Medicare. That’s largely because the costs for both programs are expected to grow faster than the economy for the next two decades and then stay at or near relatively high levels for years after.

So what exactly would the presumed presidential nominees do about that?

As much as he publicly laments the country’s debt, Donald Trump offers nothing in the way of substantive policy proposals to reform either Medicare or Social Security, beyond promising that he will not curb spending on them.

Instead, Trump has said he wants to recapture money from other areas of the economy to shore-up Social Security.

Meanwhile, Hillary Clinton has specified what she won’t do — e.g., raising the retirement age or cutting middle class benefits — but she doesn’t offer detailed or diverse policy prescriptions of what she would do.

For instance, she has said she wants to shore up Social Security, but then says she wants to expand benefits, which increase the program’s costs.

Her only specific solution is to ask “the highest-income Americans to pay more, including options to tax some of their income above the current Social Security cap, and taxing some of their income not currently taken into account by the Social Security system.”

Related: Moody’s: Trump’s plan would cost 3.5 million jobs

Advocates for curing Social Security’s impending shortfall have pushed for changes sooner rather than later, because the longer the country waits the more abrupt and drastic the changes need to be.

They also often call for a mix of tax increases and spending cuts to reduce how steep either have to be.

As for expanding Social Security benefits, some propose making them more generous but just for the most vulnerable populations — such as seniors living at or near the poverty line.

On Medicare, Clinton has said she would build on cost-savings initiatives created by Obamacare and allow Medicare to “negotiate for lower prices with drug and biologic manufacturers; demanding higher rebates.”

Trump has said he would repeal Obamacare, but he also supports letting Medicare negotiate for better drug prices.

That alone, however, would not save the program much money unless the Health and Human Services Secretary is given authority to legally require lower prices, according to the Committee for a Responsible Federal Budget.

http://money.cnn.com/2016/06/22/pf/social-security-medicare/index.html

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Trump-O-Meter Scorecard

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Promise KeptCompromisePromise BrokenStalledIn the WorksNot yet rated

Promise Promises Tracked
Promise Kept 9
Compromise 1
Promise Broken 3
Stalled 20
In the Works 38
Not yet rated 30

Tracking President Donald Trump’s campaign promises.

Promises we’ve rated recently

Eliminate Common Core

The Promise:“We’re cutting Common Core. We’re getting rid of Common Core. We’re bringing education locally.”

Update July 16th, 2017: No progress on Trump’s promise to kill Common Core

Build a safe zone for Syrian refugees

The Promise:“They should build a safe zone. Take a big piece of land in Syria and they have plenty of land, believe me. Build a safe zone for all these people, because I have a heart, I mean these people, it’s horrible to watch, But, they shouldn’t come over here. We should build a safe zone.”

Update July 14th, 2017: No clear progress on Syria safe zones

Bring back waterboarding

The Promise:“I would bring back waterboarding, and I’d bring back a hell of a lot worse than waterboarding,”

Update July 13th, 2017: Trump’s team mostly against waterboarding

Keep Guantanamo Bay Detention Center open

The Promise:“We’re going to keep, as you know, Gitmo, we’re keeping that open.”

Update July 7th, 2017: Trump committed to keeping Gitmo open

Suspend immigration from terror-prone places

The Promise:“And if people don’t like it, we’ve got to have a country folks. Got to have a country. Countries in which immigration will be suspended would include places like Syria and Libya. And we are going to stop the tens of thousands of people coming in from Syria.”

Update June 30th, 2017: Trump’s travel ban to take partial effect, administration defines ‘bona fide relationship’

Have mandatory minimum sentences for criminals caught trying to enter the United States illegally

The Promise:“On my first day in office, I am also going to ask Congress to pass ‘Kate’s Law’ – named for Kate Steinle – to ensure that criminal aliens convicted of illegal re-entry receive strong mandatory minimum sentences.”

Update June 29th, 2017: House passes bill for stricter penalties for criminal immigrants who re-enter country

Cancel all funding of sanctuary cities

The Promise:“We will end the sanctuary cities that have resulted in so many needless deaths. Cities that refuse to cooperate with federal authorities will not receive taxpayer dollars, and we will work with Congress to pass legislation to protect those jurisdictions that do assist federal authorities.”

Update June 29th, 2017: House passes bill to withhold certain federal grants from ‘sanctuary cities’

Establish a commission on radical Islam

The Promise:“One of my first acts as president will be to establish a commission on radical Islam which will include reformist voices in the Muslim community who will hopefully work with us.”

Update June 28th, 2017: Trump’s promised ‘commission on radical Islam’ doesn’t exist yet

Save the Carrier plant in Indiana

The Promise:“So here’s what’s going to happen: Within 24 hours, I’ll get a call — the head of Carrier — and he’ll say, ‘Mr. President, we’ve decided to stay in the United States. That’s what’s going to happen. 100 percent.”

Update June 27th, 2017: Carrier plant moves forward with planned job cuts

Suspend immigration from terror-prone places

The Promise:“And if people don’t like it, we’ve got to have a country folks. Got to have a country. Countries in which immigration will be suspended would include places like Syria and Libya. And we are going to stop the tens of thousands of people coming in from Syria.”

Update June 26th, 2017: U.S. Supreme Court accepts travel ban case, allows Trump’s order to partly take effect

Reverse Barack Obama’s Cuba policy

The Promise:“The president’s one-sided deal for Cuba and with Cuba benefits only the Castro regime but all the concessions that Barack Obama has granted the Castro Regime was done through executive order, which means they can be undone and that is what I intend to do unless the Castro Regime meets our demands.”

Update June 16th, 2017: Trump scales back Obama-era Cuba policies

Terminate Barack Obama’s immigration executive orders ‘immediately’

The Promise:“Immediately terminate President Obama’s two illegal executive amnesties (Deferred Action for Parents of Americans and Lawful Permanent Residents and Deferred Action for Childhood Arrivals). All immigration laws will be enforced — we will triple the number of ICE agents. Anyone who enters the U.S. illegally is subject to deportation. That is what it means to have laws and to have a country.”

Update June 16th, 2017: Trump administration rescinds memo for DAPA, keeps DACA

Create private White House veterans hotline

The Promise:“I will create a private White House hotline – that is answered by a real person 24 hours a day – to make sure that no valid complaint about the VA ever falls through the cracks. I will instruct my staff that if a valid complaint is not acted upon, then the issue be brought directly to me, and I will pick up the phone and fix it myself, if need be.”

Update June 15th, 2017: Vets’ hotline had its ‘soft launch’ on June 1

Remove existing Syrian refugees

The Promise:“I’m putting the people on notice that are coming here from Syria, as part of this mass migration, that if I win, if I win, they’re going back.”

Update June 15th, 2017: No efforts yet from Trump administration for mass deportation of Syrian refugees

Suspend immigration from terror-prone places

The Promise:“And if people don’t like it, we’ve got to have a country folks. Got to have a country. Countries in which immigration will be suspended would include places like Syria and Libya. And we are going to stop the tens of thousands of people coming in from Syria.”

Update June 12th, 2017: 9th Circuit Court of Appeals rules against Trump’s travel ban

Take no salary

“If I’m elected president, I’m accepting no salary.”

Create private White House veterans hotline

“I will create a private White House hotline – that is answered by a real person 24 hours a day – to make sure that no valid complaint about the VA ever falls through the cracks. I will instruct my staff that if a valid complaint is not acted upon, then the issue be brought directly to me, and I will pick up the phone and fix it myself, if need be.”

Enact term limits

“If I’m elected president, I will push for a constitutional amendment to impose term limits on all members of Congress.”

Impose death penalty for cop killers

“One of the first things I’d do in terms of executive order, if I win, will be to sign a strong, strong statement that would go out to the country, out to the world, that anybody killing a police man, a police woman, a police officer, anybody killing a police officer, the death penalty is going to happen,”

Appoint a special prosecutor to investigate Hillary Clinton

“I will ask, to appoint a special prosecutor. We have to investigate Hillary Clinton, and we have to investigate the investigation.”

Enact a temporary ban on new regulations

“We’re going to cancel every needless job-killing regulation and put a moratorium on new regulations until our economy gets back on its feet.”

Make no cuts to Medicare

“I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.”

Invest $550 billion in infrastructure and create an infrastructure fund

 “The Trump Administration seeks to invest $550 billion to ensure we can export our goods and move our people faster and safer.”

Make no cuts to Social Security

“I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.”

Make no cuts to Medicaid

“I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.”

Eliminate Common Core

“We’re cutting Common Core. We’re getting rid of Common Core. We’re bringing education locally.”

Impose a hiring freeze on federal employees

“A hiring freeze on all federal employees to reduce federal workforce through attrition (exempting military, public safety, and public health).”

Slash federal regulations

“A requirement that for every new federal regulation, two existing regulations must be eliminated.”

Place lifetime ban on White House officials lobbying for foreign government

“I’m going to issue a lifetime ban against senior executive branch officials lobbying on behalf of a foreign government and I’m going to ask Congress to pass a campaign finance reform that prevents registered foreign lobbyists from raising money in American elections and politics.”

Place lifetime ban on foreign lobbyists raising money for American elections

“A complete ban on foreign lobbyists raising money for American elections.”

Defund Planned Parenthood

“I would defund it because of the abortion factor, which they say is 3 percent. I don’t know what percentage it is. They say it’s 3 percent. But I would defund it, because I’m pro-life.”

Approve the Keystone XL project and reap the profits

“I want it built, but I want a piece of the profits.”

Achieve energy independence

“Under my presidency, we will accomplish a complete American energy independence. Complete. Complete.”

Nominate someone from his list of justices to replace Antonin Scalia

“I am looking to appoint judges very much in the mold of Justice Scalia. I’m looking for judges — and I’ve actually picked 20 of them so that people would see.”

Expand mental health programs

“We need to reform our mental health programs and institutions in this country.”

Expand national right to carry to all 50 states

“That’s why I have a concealed carry permit and why tens of millions of Americans do, too. That permit should be valid in all 50 states.”

Add additional federal investment of $20 billion toward School Choice

“Immediately add an additional federal investment of $20 billion towards school choice.”

Eliminate wasteful spending in every department

“We are going to ask every department head and government to provide a list of wasteful spending projects that we can eliminate in my first 100 days.”

Open up libel laws

“I’m going to open up our libel laws so when they write purposely negative and horrible and false articles, we can sue them and win lots of money.”

Ensure funding for historic black colleges

“My plan will also ensure funding for historic black colleges and universities, more affordable two- and four-year college and support for trade and vocational education.”

Cancel global warming payments to the United Nations

“We’re going to put America first. That includes canceling billions in climate change spending for the United Nations.”

Renegotiate the Iran deal

“This deal if I win will be a totally different deal. This will be a totally different deal.”

Build a safe zone for Syrian refugees

“They should build a safe zone. Take a big piece of land in Syria and they have plenty of land, believe me. Build a safe zone for all these people, because I have a heart, I mean these people, it’s horrible to watch, But, they shouldn’t come over here. We should build a safe zone.”

Close parts of the Internet where ISIS is

Speaking of ISIS, “We’re losing a lot of people because of the Internet and we have to do something. We have to go see Bill Gates and a lot of different people that really understand what’s happening. We have to talk to them, maybe in certain areas closing that Internet up in some way. Somebody will say, ‘oh, freedom of speech, freedom of speech.’ These are foolish people… we’ve got to maybe do something with the Internet because they (ISIS) are recruiting by the thousands, they are leaving our country and then when they come back, we take them back.”

End the defense sequester

“As soon as I take office I will ask Congress to fully eliminate the defense sequester and will submit a new budget to rebuild our military. It is so depleted. We will rebuild our military.”

Keep Guantanamo Bay Detention Center open

“We’re going to keep, as you know, Gitmo, we’re keeping that open.”

Bring back waterboarding

“I would bring back waterboarding, and I’d bring back a hell of a lot worse than waterboarding,”

Develop a plan to defeat ISIS in 30 days

“We are going to convene my top generals and give them a simple instruction. They will have 30 days to submit to the Oval Office a plan for soundly and quickly defeating ISIS. We have no choice.”

Establish a commission on radical Islam

“One of my first acts as president will be to establish a commission on radical Islam which will include reformist voices in the Muslim community who will hopefully work with us.”

Move U.S. Embassy in Tel Aviv to Jerusalem

“We will move the American embassy to the eternal capital of the Jewish people, Jerusalem.”

Reverse Barack Obama’s Cuba policy

“The president’s one-sided deal for Cuba and with Cuba benefits only the Castro regime but all the concessions that Barack Obama has granted the Castro Regime was done through executive order, which means they can be undone and that is what I intend to do unless the Castro Regime meets our demands.”

Cancel the Paris climate agreement

“We’re going to cancel the Paris Climate Agreement and stop all payments of U.S. tax dollars to U.N. global warming programs.”

Increase the size of the U.S. Army to 540,000 active duty soldiers

“We will build an active army around 540,000 as the army’s Chief of Staff has said he needs desperately and really must have to protect our country.”

Rebuild the Marine Corps to 36 battalions

“We will build a Marine Corps based on 36 battalions, which the Heritage Foundation notes is the minimum needed to deal with major contingencies – we have 23 now.”

Provide the U.S. Air Force with 1,200 fighter aircraft

“We will build an Air Force of at least 1,200 fighter aircraft, which the Heritage Foundation again has shown to be needed to execute current missions.”

Rebuild the U.S. Navy toward the goal of 350 ships

“We will build a Navy of 350 surface ships and submarines as recommended by the bipartisan National Defense Panel.”

Call for an international conference to defeat ISIS

“As president, I will call for an international conference focused on this goal. We will work side-by-side with our friends in the Middle East, including our greatest ally, Israel.”

Reverse China’s entry into the World Trade Organization

“That means reversing two of the worst legacies of the Clinton years…First, the North American Free Trade Agreement, or NAFTA. Second, China’s entry into the World Trade Organization.”

Ask countries we protect to pay more for joint defense

 “I think NATO’s great. But it’s got to be modernized. And countries that we’re protecting have to pay what they’re supposed to be paying.”

Guarantee 6-week paid leave

“We can provide six weeks of paid maternity leave to any mother with a newborn child whose employer does not provide the benefit.”

Repeal Obamacare

“Real change begins with immediately repealing and replacing the disaster known as Obamacare.”

Change the vaccination schedule for children

“I am totally in favor of vaccines. But I want smaller doses over a longer period of time” to avoid possible links to Autism.

Get Congress to allow health insurance across state lines

“The insurance companies are getting rich off health care and health insurance and everything having to do with health. We’re going to end that. We’re going to take out the artificial boundaries, the artificial lines. We’re going to get a plan where people compete, free enterprise.”

Allow individuals to deduct health care insurance premiums from taxes

“Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system.”

Create a health savings account

“Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSAs should be tax-free and should be allowed to accumulate.”

Require price transparency from health care providers

“Require price transparency from all health care providers, especially doctors and health care organizations like clinics and hospitals.”

Administer Medicaid through block grants

“Our elected representatives in the House and Senate must … block-grant Medicaid to the states. Nearly every state already offers benefits beyond what is required in the current Medicaid structure.”

Allow free access to the drug market

“Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products.”

Increase veterans’ health care

“We are going to make sure every veteran in America has the choice to seek care at the Veterans Administration or to seek private medical care paid for by our government.”

Build a wall, and make Mexico pay for it

“I would build a great wall, and nobody builds walls better than me, believe me, and I’ll build them very inexpensively. I will build a great great wall on our southern border and I’ll have Mexico pay for that wall.”

Remove criminal undocumented immigrants

“A Trump administration will stop illegal immigration, deport all criminal aliens, and save American lives.”

Remove all undocumented immigrants

“We have at least 11 million people in this country that came in illegally. They will go out. They will come back — some will come back, the best, through a process. They have to come back legally. They have to come back through a process, and it may not be a very quick process, but I think that’s very fair, and very fine.”

Cancel all funding of sanctuary cities

“We will end the sanctuary cities that have resulted in so many needless deaths. Cities that refuse to cooperate with federal authorities will not receive taxpayer dollars, and we will work with Congress to pass legislation to protect those jurisdictions that do assist federal authorities.”

Establish a ban on Muslims entering the U.S.

“Donald J. Trump is calling for a total and complete shutdown of Muslims entering the United States until our country’s representatives can figure out what the hell is going on.”

Suspend immigration from terror-prone places

“And if people don’t like it, we’ve got to have a country folks. Got to have a country. Countries in which immigration will be suspended would include places like Syria and Libya. And we are going to stop the tens of thousands of people coming in from Syria.”

Limit legal immigration

“We will reform legal immigration to serve the best interests of America and its workers, the forgotten people. Workers. We’re going to take care of our workers.”

Use U.S. steel for infrastructure projects

“A Trump Administration will also ensure that we start using American steel for American infrastructure.”

Have mandatory minimum sentences for criminals caught trying to enter the United States illegally

“On my first day in office, I am also going to ask Congress to pass ‘Kate’s Law’ – named for Kate Steinle – to ensure that criminal aliens convicted of illegal re-entry receive strong mandatory minimum sentences.”

Remove existing Syrian refugees

“I’m putting the people on notice that are coming here from Syria, as part of this mass migration, that if I win, if I win, they’re going back.”

End birthright citizenship

“End birthright citizenship.”

Increase visa fees

“Increase fees on all border crossing cards – of which we issue about 1 million to Mexican nationals each year (a major source of visa overstays).”

Stop TPP

“I’m going to issue our notification of intent to withdraw from the Trans-Pacific Partnership.”

Renegotiate NAFTA

“A Trump administration will renegotiate NAFTA and if we don’t get the deal we want, we will terminate NAFTA and get a much better deal for our workers and our companies. 100 percent.”

Raise tariffs on goods imported into the U.S.

“Any country that devalues their currency to take unfair advantage of the United States and all of its companies that can’t compete will face tariffs and taxes to stop the cheating.”

Declare China a currency manipulator

“Instruct the Treasury Secretary to label China a currency manipulator.”

Adopt the penny plan

“The ‘Penny Plan’ would reduce non-defense, non-safety net spending by one percent of the previous year’s total each year. Over 10 years, the plan will reduce spending (outlays) by almost $1 trillion without touching defense or entitlement spending.”

Grow the economy by 4 percent a year

“We’re bringing it (the GDP) from 1 percent up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.”

Save the Carrier plant in Indiana

“So here’s what’s going to happen: Within 24 hours, I’ll get a call — the head of Carrier — and he’ll say, ‘Mr. President, we’ve decided to stay in the United States. That’s what’s going to happen. 100 percent.”

Hire American workers first

“Establish new immigration controls to boost wages and to ensure that open jobs are offered to American workers first.”

Replace J-1 Visa with Inner City Resume Bank

“The J-1 visa jobs program for foreign youth will be terminated and replaced with a resume bank for inner city youth provided to all corporate subscribers to the J-1 visa program.”

Eliminate the federal debt in 8 years

“We’ve got to get rid of the $19 trillion in debt. … Well, I would say over a period of eight years. And I’ll tell you why.”

Sue his accusers of sexual misconduct

“The events never happened. Never. All of these liars will be sued after the election is over.”

Not take vacations

“I would not be a president who took vacations. I would not be a president that takes time off.”

Release his tax returns after an audit is completed

“I’m under a routine audit and it’ll be released, and as soon as the audit is finished it will be released.”

Won’t say ‘Happy Holidays’

“If I become president, we’re going to be saying Merry Christmas at every store. You can leave (happy holidays) at the corner. …Other religions can do what they want.”

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 926-928

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The Pronk Pops Show 923, July 5, 2017, Story 1: Chinese Communists Need To Replace North Korean Kim Jung Eng To Stop Nuclear Proliferation Or Face Embargo On All Chinese Goods Going To North America and European Union –Neither Diplomatic Nor Military Options Are Viable — Conventional and Nuclear War Are Not Viable Options — Videos — Story 2: Microsoft’s Founder Bill Gates Finally Gets A Clue — Open Borders Mass Migration Is Not In The Interest of Neither The American People Nor The People of Europe — Bad Ideas Have Negative Consequences — What Is Bill Gates Afraid of? — Videos

Posted on July 5, 2017. Filed under: American History, Blogroll, Bombs, Breaking News, Budgetary Policy, Canada, Coal, College, Comedy, Communications, Congress, Constitutional Law, Corruption, Countries, Crime, Cruise Missiles, Culture, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Drones, Economics, Education, Empires, Employment, Federal Government, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Speech, Germany, Government, Government Dependency, Government Spending, Great Britain, History, Homicide, House of Representatives, Human Behavior, Independence, Islamic Republic of Iran, Japan, Language, Law, Lying, Media, MIssiles, National Interest, Natural Gas, Neutron Bomb, North Korea, Nuclear, Nuclear Weapons, Oil, People, Philosophy, Photos, Pistols, Politics, Polls, Progressives, Raymond Thomas Pronk, Regulation, Resources, Rifles, Rule of Law, Senate, South Korea, Success, Tax Policy, Taxation, Taxes, Technology, Trade Policy, Transportation, United Kingdom, United States of America, Videos, Violence, War, Wealth, Weapons, Weapons of Mass Destruction, Wisdom | Tags: , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 923,  July 5, 2017

Pronk Pops Show 922,  July 3, 2017 

Pronk Pops Show 921,  June 29, 2017

Pronk Pops Show 920,  June 28, 2017

Pronk Pops Show 919,  June 27, 2017

Pronk Pops Show 918,  June 26, 2017 

Pronk Pops Show 917,  June 22, 2017

Pronk Pops Show 916,  June 21, 2017

Pronk Pops Show 915,  June 20, 2017

Pronk Pops Show 914,  June 19, 2017

Pronk Pops Show 913,  June 16, 2017

Pronk Pops Show 912,  June 15, 2017

Pronk Pops Show 911,  June 14, 2017

Pronk Pops Show 910,  June 13, 2017

Pronk Pops Show 909,  June 12, 2017

Pronk Pops Show 908,  June 9, 2017

Pronk Pops Show 907,  June 8, 2017

Pronk Pops Show 906,  June 7, 2017

Pronk Pops Show 905,  June 6, 2017

Pronk Pops Show 904,  June 5, 2017

Pronk Pops Show 903,  June 1, 2017

Pronk Pops Show 902,  May 31, 2017

Pronk Pops Show 901,  May 30, 2017

Pronk Pops Show 900,  May 25, 2017

Pronk Pops Show 899,  May 24, 2017

Pronk Pops Show 898,  May 23, 2017

Pronk Pops Show 897,  May 22, 2017

Pronk Pops Show 896,  May 18, 2017

Pronk Pops Show 895,  May 17, 2017

Pronk Pops Show 894,  May 16, 2017

Pronk Pops Show 893,  May 15, 2017

Pronk Pops Show 892,  May 12, 2017

Pronk Pops Show 891,  May 11, 2017

Pronk Pops Show 890,  May 10, 2017

Pronk Pops Show 889,  May 9, 2017

Pronk Pops Show 888,  May 8, 2017

Pronk Pops Show 887,  May 5, 2017

Pronk Pops Show 886,  May 4, 2017

Pronk Pops Show 885,  May 3, 2017

Pronk Pops Show 884,  May 1, 2017

Pronk Pops Show 883 April 28, 2017

Pronk Pops Show 882: April 27, 2017

Pronk Pops Show 881: April 26, 2017

Pronk Pops Show 880: April 25, 2017

Pronk Pops Show 879: April 24, 2017

Pronk Pops Show 878: April 21, 2017

Pronk Pops Show 877: April 20, 2017

Pronk Pops Show 876: April 19, 2017

Pronk Pops Show 875: April 18, 2017

Pronk Pops Show 874: April 17, 2017

Pronk Pops Show 873: April 13, 2017

Pronk Pops Show 872: April 12, 2017

Pronk Pops Show 871: April 11, 2017

Pronk Pops Show 870: April 10, 2017

Pronk Pops Show 869: April 7, 2017

Pronk Pops Show 868: April 6, 2017

Pronk Pops Show 867: April 5, 2017

Pronk Pops Show 866: April 3, 2017

Image result for cartoons communist china and north koreaImage result for cartoons communist china and north koreaImage result for cartoons open borders and mass migration into europeImage result for cartoons bill gates on mass migrationImage result for cartoons bill gates open borders

Image result for cartoons bill gates open borders

Image result for cartoons bill gates open borders

Image result for cartoons open borders

 Story 1: Chinese Communists Need To Replace North Korean Kim Jung Eng To Stop Nuclear Proliferation In Asia and Middle East Or Face Embargo On All Chinese Goods Going To North America and European Union –Neither Diplomatic Nor Military Options Are Viable — Conventional and Nuclear War Are Not Viable Options — Videos —

Image result for north korea icbmImage result for north korea icbm

Image result for map of north korea japan alaska

Image result for u.s. trade imbalance with china 2016

Image result for u.s. trade imbalance with china

Image result for u.s. trade imbalance with china

 

U.N. Security Council holds emergency meeting after North Korea missile test

How North Korea’s ICBM test has “changed the game”

John Bolton calls for ‘sweeping’ set of sanctions on China

Dr. Sebastian Gorka talks US response to North Korea

A military attack would need to be severe to stop North Korea: Rep. Rooney

US vows to use “military force” against North Korea if needed

Heavy move: US threatens China for trading with North Korea after missile test

THE DEBATE – North Korea Missile Threat: Old problems, new solutions?

U.S. and S. Korea respond to N. Korea’s ICBM test with missiles

North Korea tests ICBM

North Korea launches first successful intercontinental ballistic missile test

  • he current population of China is 1,388,284,755 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • China population is equivalent to 18.47% of the total world population.
  • China ranks number 1 in the list of countries (and dependencies) by population.
  • The population density in China is 148 per Km2 (383 people per mi2).
  • The total land area is 9,390,784 Km2 (3,625,800 sq. miles)
  • 59.1 % of the population is urban (819,767,019 people in 2017)
  • The median age in China is 37.3 years.

http://www.worldometers.info/world-population/china-population/

  • The current population of the Russian Federation is 143,374,281 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • Russia population is equivalent to 1.91% of the total world population.
  • Russia ranks number 9 in the list of countries (and dependencies) by population.
  • The population density in Russia is 9 per Km2 (23 people per mi2).
  • The total land area is 16,299,981 Km2 (6,293,455 sq. miles)
  • 73.2 % of the population is urban (104,883,814 people in 2017)
  • The median age in Russia is 38.9 years.

http://www.worldometers.info/world-population/russia-population/

 

  • The current population of North Korea is 25,406,349 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • North Korea population is equivalent to 0.34% of the total world population.
  • North Korea ranks number 52 in the list of countries (and dependencies) by population.
  • The population density in North Korea is 211 per Km2 (546 people per mi2).
  • The total land area is 120,387 Km2 (46,482 sq. miles)
  • 61.2 % of the population is urban (15,557,359 people in 2017)
  • The median age in North Korea is 34.1 years.

http://www.worldometers.info/world-population/north-korea-population/

  • The current population of the Republic of Korea is 50,706,772 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • South Korea population is equivalent to 0.67% of the total world population.
  • South Korea ranks number 27 in the list of countries (and dependencies) by population.
  • The population density in South Korea is 522 per Km2 (1,351 people per mi2).
  • The total land area is 97,235 Km2 (37,543 sq. miles)
  • 81.9 % of the population is urban (41,511,797 people in 2017)
  • The median age in South Korea is 41.1 years.

http://www.worldometers.info/world-population/south-korea-population/

  • The current population of Japan is 126,041,849 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • Japan population is equivalent to 1.68% of the total world population.
  • Japan ranks number 11 in the list of countries (and dependencies) by population.
  • The population density in Japan is 346 per Km2 (896 people per mi2).
  • The total land area is 364,571 Km2 (140,761 sq. miles)
  • 94.5 % of the population is urban (119,160,931 people in 2017)
  • The median age in Japan is 46.9 years.

http://www.worldometers.info/world-population/japan-population/

  • The current population of the United States of America is 326,491,238 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • The United States population is equivalent to 4.34% of the total world population.
  • The U.S.A. ranks number 3 in the list of countries (and dependencies) by population.
  • The population density in the United States is 36 per Km2 (92 people per mi2).
  • The total land area is 9,155,898 Km2 (3,535,111 sq. miles)
  • 82.9 % of the population is urban (270,683,202 people in 2017)
  • The median age in the United States is 38.1 years.

http://www.worldometers.info/world-population/us-population/

 

Countries in the world by population (2017)

This list includes both countries and dependent territories. Data based on the latest United Nations Population Division estimates.
Click on the name of the country or dependency for current estimates (live population clock), historical data, and projected figures.
See also: World Population