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The Pronk Pops Show 969, September 21, 2017, Story 1: President Trump Signs Executive Order Targeting Institutions and People Doing Business With North Korea — Communist China Trades With and Enabled North Korea Nuclear Weapon and Missile Programs — Waiting For Embargo Banning All Trade and Investment in Communist China — Videos — Story 2: Fed To Start Quantitative Tightening In October 2017 by Selling Some ($10 Billion Per Month or $120 Billion Per Year) of $4,500 Billion Bond Portfolio As U.S. Economy Slows in 2017? — Videos

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Pronk Pops Show 969, September 21, 2017

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Pronk Pops Show 921, June 29, 2017

Pronk Pops Show 920, June 28, 2017

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Pronk Pops Show 918, June 26, 2017

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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

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Pronk Pops Show 904, June 5, 2017

Pronk Pops Show 903, June 1, 2017

Image result for china trade with north korea by year through 2016Image result for china trade with north korea by year through 2016Image result for federal reserve quantitative tighteningImage result for federal reserve to start selling off bond portfolio

 Story 1: President Trump Signs Executive Order Targeting Institutions and People Doing Business With North Korea — Communist China Trades With and Enabled North Korea Nuclear Weapon and Missile Programs — Waiting For Embargo Banning All Trade and Investment in Communist China — Videos —

Image result for china'smajor trading partners in 2017Image result for china'smajor trading partners in 2017

Image result for china'smajor trading partners in 2017Image result for china'smajor trading partners in 2017

Image result for china'smajor trading partners in 2017

BREAKING NEWS: President Donald Trump Announces New Sanctions on North Korea through Executive Order

Trump: China has told its banks to stop doing business with North Korea

North Korea: Trump signs new order to widen sanctions

Trump hints at ending US trade with all North Korea partners | Time To Play Trump Card

WHY NORTH KOREA IS TESTING MISSILES & NUKES? TOP 5 REASONS

Inside North Korea Newest Documentary (2017)

North Korea DARKEST SECRETS 2017 Deepest Secrets Revealed for the First Time

China Pulls Trade From North Korea! Russia RESPONDS BY Increasing Trade by 73%!

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

United Nations funding mechanism needs to be changed: John Bolton

John Bolton: We are at a ‘crisis point’ with North Korea

Trump administration undercuts his message on North Korea

Former CIA Director James Woolsey: North Korea Has Been Able To Hit Power Grid For Years | CNBC

Ralph Peters on North Korea: China will never help us

Peters: People don’t understand how desperate North Korea is

China getting away with ‘trade murder’: Ralph Peters

What Are Economic Sanctions?

Chinese sanctions will help US trade deficit, but could backfire: Andrew Peek

Gordon Chang: China understands the effects of US sanctions

Lou Dobbs : Is China helping North Korea create nuclear missiles? : 5/30/2017

Gordon Chang: NKorea is forcing the United States to act

Trump unplugging Chinese banks will end China’s economy: Gordon Chang

BREAKING: Putin To Trump – I will arm your enemies if you send arms to mine

What Is Life Really Like In North Korea?

Why China Supports North Korea

Where Are The World’s Nuclear Weapons Stored?

What Countries Have Nuclear Weapons?

Trump signs order aiming to cut off funding for North Korean missile program

  • President Donald Trump signs an executive order to expand his authority to target people and institutions doing business with North Korea.
  • With the action, he aims to reduce funding going to the dictatorship’s nuclear and missile programs.

President Donald Trump speaking as he meets with South Korean president Moon Jae-in during the U.N. General Assembly in New York, September 21, 2017.

Trump unveils order aiming to cut off funding for North Korean missile program  

President Donald Trump on Thursday signed an executive order expanding his authority to target people and institutions that do business with North Korea.

Through the measure, the president aims to cut off the communist dictatorship’s funding and deter its nuclear and missile ambitions amid a string of recent tests and provocations.

“North Korea’s nuclear weapons and missile development is a grave threat to peace and security in our world and it is unacceptable that others financially support this criminal, rogue regime,” Trump said before a meeting with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in. “Our new executive order will cut off sources of revenue that fund North Korea’s efforts to develop the deadliest weapons known to humankind. The order enhances the Treasury Department’s authorities to target any individual or entity that conducts significant trade in goods, services or technology with North Korea.”

The isolated nation has tested ballistic missiles and an apparent hydrogen bomb in recent weeks in the face of international economic sanctions and warnings. On Tuesday, Trump told the U.N. General Assembly that the U.S. “will have no choice but to totally destroy North Korea” if it is forced to defend itself or its allies.

President Donald Trump speaking as he meets with South Korean president Moon Jae-in during the U.N. General Assembly in New York, September 21, 2017.

Kevin Lamarque | Reuters
President Donald Trump speaking as he meets with South Korean president Moon Jae-in during the U.N. General Assembly in New York, September 21, 2017.

Last week, the U.N. Security Council unanimously passed fresh measures to punish the communist dictatorship economically, with the support of China and Russia. Trump has repeatedly pressed China, North Korea’s only major ally, to do more to force Pyongyang to abandon its nuclear ambitions.

Trump on Thursday highlighted that China’s central bank has told its banks to strictly implement U.N. sanctions. He thanked President Xi Jinping for what he called a “bold” and “somewhat unexpected” move.

On Tuesday, he also commended Beijing for signing on to two recent sanctions packages enacted by the Security Council. The U.S. sees China’s commitment to sanctions as crucial to forcing Pyongyang to end its nuclear and missile programs.

Trump appeared to try to quash speculation that he is targeting China or other North Korean trading partners with the action.

“I want to be clear — the order targets only one country, and that country is North Korea,” he said.

Trump said the order identifies industries including textiles, fishing, information technology and manufacturing, which the Treasury Department can target with “strong sanctions.” The president added that the order includes “measures designed to disrupt” shipping and trade networks to reduce North Korea’s ability to avoid the sanctions.

Earlier, national security advisor H.R. McMaster said Trump would take more action to stop North Korea “short of war.” Trump’s advisors have repeatedly said they prefer to use diplomatic methods to curb North Korea’s aggression.

The president again said that he seeks the “complete denuclearization” of North Korea.

Trump had separate bilateral meetings scheduled with both Moon and Abe on Thursday.

https://www.cnbc.com/2017/09/21/trump-to-make-north-korea-announcement-mcmaster-says.html

 

Trump announces new economic sanctions targeting North Korea over nuclear program

 September 21 at 12:45 PM

President Trump announced an executive order on Sept. 21 to enforce economic sanctions on North Korea and countries that do business with the “rogue regime” of North Korea. (The Washington Post)

NEW YORK — President Trump announced an executive order Thursday granting the Treasury Department additional authority to enforce economic sanctions on North Korea and target foreign companies and individuals that do business with the rogue nation in Northeast Asia.

Trump said the new powers aim to cut off international trade and financing that dictator Kim Jong Un’s regime uses support its nuclear and ballistic missile weapons programs. The president also said that Chinese President Xi Jinping had ordered Chinese banks to cease conducting business with North Korean entities. Trump called the move “very bold” and “somewhat unexpected,” and he praised Xi.

“North Korea’s nuclear program is a grave threat to peace and security in our world, and it is unacceptable that others financially support this criminal, rogue regime,” Trump said in brief public remarks during a meeting with the leaders of South Korea and Japan to discuss strategy to confront Pyongyang.

He added that the United States continues to seek a “complete denuclearization of North Korea.”

He added that the order will give Treasury Secretary Steve Mnuchin the “discretion to target any foreign bank knowingly facilitating specific transactions tied to trade with North Korea.”


President Trump meets with South Korean president Moon Jae-in during the U.N. General Assembly in New York on Thursday. (REUTERS/Kevin Lamarque)

A White House fact sheet said the executive order imposes a ban on airplanes or ships that have visited North Korea will be banned for 180 days from visiting the United States, a move to crack down on illicit trade.

“This significantly expands Treasury’s authority to target those who enable this regime…wherever they are located,” Mnuchin said.

Trump’s announcement came as he has sought to rally international support for confronting Pyongyang during four days of meetings here at the United Nations General Assembly. In a speech to the world body on Tuesday, Trump threatened to “totally destroy” the North if necessary and referred derisively to Kim as “rocket man.” But the president and his aides have emphasized that they are continuing to do what they can to put economic and diplomatic pressure on the North in order to avoid a military conflict.

“We are witnessing a very dangerous confrontation spiral,” Russian Foreign Minister Sergey Lavrov said in a speech to the United Nations, filling in for President Vladimir Putin, who skipped the forum. “We resolutely condemn the nuclear missile adventures of Pyongyang in violation of Security Council resolutions. But military hysteria is not just an impasse, it’s disaster…There is no alternative to political and diplomatic ways of settling the nuclear situation on the Korean Peninsula.”

China is North Korea’s largest trading partner, but Mnuchin emphasized that “this action is in no way specifically directed at China,” and he said he called Chinese officials ahead of the announcement to give them a heads up.

In recent weeks, the U.N. Security Council has approved two rounds of economic sanctions but also left room for further penalties. For example, the sanctions put limits on the nation’s oil imports but did not impose a full embargo, as the United States has suggested it supports. The Trump administration has signaled it also wants a full ban on the practice of sending North Korean workers abroad for payments that largely go to the government in Pyongyang.

Sitting down with South Korean President Moon Jae-in before the trilateral discussion with Japan, Trump said the nations are “making a lot of progress.”

Moon praised Trump’s speech to the U.N., saying through a translator that “North Korea has continued to make provocations and this is extremely deplorable and this has angered both me and our people, but the U.S. has responded firmly and in a very good way.”

The Security Council had also applied tough new export penalties in August, and Secretary of State Rex Tillerson said Wednesday that there are signs those restrictions are having an economic effect.

“We have some indications that there are beginning to appear evidence of fuel shortages,” Tillerson said in a briefing for reporters. “And look, we knew that these sanctions were going to take some time to be felt because we knew the North Koreans…had basically stockpiled a lot of inventory early in the year when they saw the new administration coming in, in anticipation of things perhaps changing. So I think what we’re seeing is a combined effect of these inventories are now being exhausted, and the supply coming in has been reduced.”

There is no sign, however, that economic penalties are having any effect on the behavior of the Kim regime and its calculation that nuclear tests and other provocations will ensure its protection or raise the price of any eventual settlement with the United States and other nations.

All U.N. sanctions have to be acceptable to China, North Korea’s protector and chief economic partner. China’s recent willingness to punish its fellow communist state signals strong disapproval of North Korea’s international provocations, but China and fellow U.N. Security Council member Russia have also opposed some of the toughest economic measures that could be applied, such as banking restrictions that would affect Chinese and other financial institutions.

“We continue to call on all responsible nations to enforce and implement sanctions,” Trump said.

Trump said the United States had been working on the North Korea problem for 25 years, but he asserted that previous administrations had “done nothing, which is why we are in the problem we are in today.”

Through executive orders and other measures extending back to the Clinton administration, the United States has been trying to undermine the economic underpinnings of the North Korean nuclear weapons program.

Each new sanction from Washington has been followed by evasive measures by Pyongyang, and then another attempt from Washington to ramp up pressure. Earlier sanctions restricted trade between U.S. companies and businesses involved with the North Korean regime and its weapons efforts. Until recently, however, such sanctions had limited effects because North Korea continued an expansive trade with other countries, mainly China.

In recent years, the United States has sought to expand the economic pressure by working through the international banking system, where the country has particular leverage because so much of international trade is conducted in dollars. The “vast majority of international transactions are denominated in dollars, the world’s reserve currency,” a Congressional report found last year.

Even when the companies are outside the United States, trade conducted in dollars typically must run through U.S. banks, and last year, that provided the Obama administration an opportunity to interrupt such business.

In November 2016, a special measure implemented by the Treasury barred U.S. banks from providing the accounts that handle such transactions for any North Korean bank or any party acting on its behalf. The measure essentially cut off North Korean banks from any trade denominated in U.S. dollars.

North Korea, however, has continued to conduct such trades by using front companies located in third countries, at least some of which are in China.

The new executive order expands the U.S. pressure on the North by allowing the Treasury to single out those front companies, and any banks helping to finance any trade with North Korea, for sanctions. Those sanctions would cut off trade with those companies or forbid them from conducting transactions in dollars.

Anne Gearan in New York,  Abby Phillip in Washington and Peter Whorisky contributed to this report.

https://www.washingtonpost.com/news/post-politics/wp/2017/09/21/trump-says-the-u-s-will-impose-new-sanctions-on-north-korea/?utm_term=.f13cecf3e9e7

US-North Korea standoff could spark economic war with China

  • The escalating saber rattling between the U.S. and North Korea has raised the prospects of an economic confrontation between America and China.
  • So far, economic sanctions against Pyongyang have done little to convince North Korean leader Kim Jong Un to curb his ambitions to develop a nuclear missile capable of striking the U.S. mainland.
  • Now, critics of those measures are calling for stepped-up pressure on China, North Korea’s largest trading partner.

President Donald Trump (L) and Chinese President Xi Jinping (R) walk together at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017.

Jim Watson | AFP | Getty Images
President Donald Trump (L) and Chinese President Xi Jinping (R) walk together at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017.

The escalating saber rattling between the U.S. and North Korea has raised the prospects of an economic confrontation between America and China.

At issue are a series of sanctions against Pyongyang designed to convince North Korean leader Kim Jong Un to curb his ambitions to develop a nuclear missile capable of striking the U.S. mainland.

But those measures have had little impact on the increasingly bellicose stand-off, and on Thursday President Donald Trump repeated his complaint that Beijing needs to lean harder on Pyongyang to defuse rising tensions.

“I think they can do a lot more and I think they will do a lot more,” the president told reporters. “We lost hundreds of billions of dollars a year on trade with China. They know how I feel. It’s not going to continue like that.”

On Tuesday, Trump threatened to inflict “fire and fury” on North Korea if it continues to pursue its nuclear weapons program. A recent series of successful North Korean test launches were matched Wednesday by Kim’s threats to launch a missile at the U.S. territory of Guam.

The latest round of sanctions includes fresh restrictions, unanimously approved Saturday by the United Nation Security Council, that target North Korean exports of coal, iron, iron ore, lead, lead ore and seafood. The measures also ban countries from hiring more North Korean laborers, bar new joint ventures with North Korea and ban fresh investment in existing joint ventures.

“We say to China, ‘You have a choice whether you do business with North Korea or you do business with the U.S. but you can’t do both.'”-Sen. Chris Van Hollen, D-Md.

Economic sanctions so far have proved ineffective largely because North Korea has found ways to get around them with “evasion techniques that are increasing in scale, scope and sophistication,” according to a February U.N. report.

“Designated entities and banks have continued to operate in the sanctioned environment by using agents who are highly experienced and well trained in moving money, people and goods, including arms and related material, across borders,” the U.N. report found.

The widest flow of goods and cash, by far, crosses North Korea’s border with China. As North Korea’s largest trading partner, China accounted for roughly 85 percent of overall volume in 2015, according to data from the United Nations Comtrade database.

Coal and other minerals accounted for more than 40 percent of North Korean exports in 2015, followed by textiles (29 percent), metals (7 percent) and machinery (6 percent). North Korea’s biggest imports included textiles, machinery and raw materials including minerals, metals and plastics.

Though China has taken some steps to curb imports from North Korea, exports rose by nearly 30 percent in the first half of this year, according to Chinese customs data. During the six-month period, overall trade flows across the North Korean-China border rose 10 percent to $2.65 billion.

That’s why critics of the existing North Korean sanctions say the measures don’t go nearly far enough in cutting off the flow of cash and goods to the Pyongyang regime.

Some of those critics are calling for “secondary sanctions,” which would cut off trade and financial flows to any country doing business with North Korea.

“We say to China, ‘You have a choice whether you do business with North Korea or you do business with the U.S., but you can’t do both,'” Sen. Chris Van Hollen, D.-Md., told MSNBC on Thursday. “That is what got people’s attention with the Iran sanctions, and that’s what we need to do now.”

Last month, Van Hollen co-sponsored a bill with Sen. Pat Toomey, R.-Pa., that would impose secondary sanctions targeting third parties and countries that do business with North Korean companies and individuals.

Secondary sanctions offer a powerful financial weapon by allowing the U.S. government to bar foreign banks access to the U.S. financial system.

In late June, the White House imposed limited secondary sanctions on two Chinese citizens and a shipping company for helping North Korea develop nuclear weapons and also accused a regional Chinese bank, the Bank of Dandong, of laundering money for Pyongyang, Reuters reported.

Beyond cutting off cash and supplies to the North Korean regime, secondary sanctions squeeze the flow of cash to individuals, putting pressure on Kim’s political allies, according to David Cohen, a senior CIA official in the Obama administration.

“Imposing secondary sanctions would send a strong message to North Korean leader Kim Jong Un that the financial noose is tightening in a way that could drive a wedge between Kim and the Pyongyang elite critical to his continued hold on power,” Cohen wrote in a recent op-ed piece.

Imposing secondary sanctions that single out major Chinese banks and state enterprises comes with the risk of economic retaliation from Beijing.

To minimize that risk, the White House will need to build a much wider coalition of Asian countries, says Nicholas Burns, former U.S. ambassador to NATO during the George W. Bush administration.

But developing that coalition will be a tough task for an administration that has yet to fill dozens of key diplomatic positions. So far, the White House has filled fewer than half of the State Department positions that require Senate confirmation.

“It really is a time for diplomacy,” Burns told CNBC on Thursday. “But there’s no American ambassador to South Korea, there’s no secretary of State for East Asia. So, you’ve also got to fill out the ranks.”

https://www.cnbc.com/2017/08/10/us-north-korea-standoff-could-spark-economic-war-with-china.html

 

How did North Korea get nuclear weapons?

North Korea showed off its arsenal of missiles during this parade to celebrate the 105th birth anniversary of Kim Il-Sung in Pyongyang, North Korea, April 15, 2017.

North Korea showed off its arsenal of missiles during this parade to celebrate the 105th birth anniversary of Kim Il-Sung in Pyongyang, North Korea, April 15, 2017.

AP Photo/Wong Maye-E

North Korea is known for its bluster and outrageous propaganda, but the nuclear threat posed by the country is taken seriously by those in the know.

The “hermit kingdom” is estimated to have between 13 and 30 nuclear weapons, according to the Institute for Science and International Security. It could have up to 50 by the year 2020.

U.S. President Donald Trump has made it clear that he considers North Korea a legitimate threat. In early April, Trump dispatched the USS Carl Vinson aircraft carrier and its battle group to waters off the Korean Peninsula, and said “major, major conflict” was quite possible.

WATCH: Trump discusses military option for North Korea

Tensions have since soared over fears that North Korea may be about to conduct its sixth nuclear weapons test. On Friday, the country sent a letter to American lawmakers, saying any sanctions would only cause its nuclear testing program to “gather greater pace, beyond anyone’s imagination.”

But how did a country as isolated and impoverished as North Korea get its hands on nuclear weapons in the first place?

The Korean War

In 1950, a few months into the Korean War, U.S. President Harry Truman said in a press conference that the use of an atomic bomb was under “active consideration.”

Truman’s nuclear threat remained just that, with the Korean War formally ending in an armistice in 1953. But U.S. forces still laid waste to North Korean targets, dropping over 650,000 tons of bombs and napalm, according to The Korean War: A History.

U.S. Air Force Gen. Curtis LeMay estimated that the U.S. “killed off 20 per cent of the Korean population.”

WATCH: North Korea propaganda video puts White House in crosshairs, simulates strike on US Capitol

After the war, North Korea tried to convince its wartime ally China to share its nuclear weapons technologies. Supreme Leader Kim Il-Sung, grandfather of present-day leader Kim Jong-Un, twice asked Chinese ruler Mao Zedong for help but was refused both times, according to The Two Koreas: A Contemporary History.

Denied an easy path to a nuclear bomb, North Korea set about cobbling together an indigenous nuclear weapons program.

Soviet support

It helped that the country already had basic nuclear infrastructure in place.

As a founding member of the Soviet-led Joint Institute for Nuclear Research, North Korea had for years sent its scientists to the Soviet Union for nuclear energy training, according to a timeline compiled by the Nuclear Threat Initiative (NTI).

The Soviets even helped North Korea set up its first nuclear reactor in 1964. The reactor was used to produce radioactive isotopes for medicinal, industrial and research purposes.

READ MORE: Mike Pence urges China, Russia to pressure North Korea to abandon weapons program

But in the years that followed, the country began to explore weapons capabilities, summoning its best scientists home — including from Canada, according to NTI — to work on its fledgling nuclear weapons program.

But while North Korea’s scientists had the technical training, they lacked designs for the highly sophisticated facilities needed to produce nuclear weapons.

Path to a plutonium weapon

 In the ‘70s and ‘80s, North Korea set about acquiring sensitive nuclear technologies from Europe, taking advantage of the lack of adequate nuclear information safeguards at the time.

At one point, North Korean agents went to a conference in Vienna and chatted up some Belgian scientists who had a design for a plutonium separation plant, The Atlantic reported.

“Lo and behold, it wasn’t long before the North Koreans obtained the design information for that installation… and then eventually over a period of 10 to 15 years, they set that technology up, they deployed the plant, they started to experiment with it and use it,” Mark Hibbs, a senior fellow with the Carnegie Endowment for International Peace, told The Atlantic.

READ MORE: North Korea says it’s ready for war if Donald Trump wants

In 2003, CIA director George Tenet told the Senate Armed Services Committee that North Korea “probably” has one or two plutonium-based nuclear warheads, according to The Statesman’s Yearbook 2012.

The following year, second-generation Supreme Leader Kim Jong-Il invited a delegation of Western nuclear scientists to North Korea to see its plutonium extraction facility. One of them, American scientist Dr. Siegfried Hecker, revealed in a Google Tech Talk lecture that North Korean officials at one point brought out two marmalade jars of plutonium.

“Inside one was a plutonium powder and the other one had plutonium metal,” Hecker said.

He even held one of the jars in his hand, and concluded from its appearance, weight and warmth that it contained radioactive plutonium.

In 2006, two years after Hecker’s visit, North Korean state media announced the country’s first nuclear weapon test.

By then, the country’s scientists had increasingly begun redirecting their efforts away from plutonium-based nuclear weapons to uranium-based ones, according to NTI. This is because the facilities needed to produce weapons-grade uranium can more easily be hidden underground, away from prying satellites and weapons inspectors.

North Korea wanted to cover all its bases.

Pakistani proliferation

The groundwork for North Korea’s uranium nuclear weapons program was laid in the ‘90s, with substantial help from Dr. A.Q. Khan, the pioneer of Pakistan’s atomic bomb program.

Khan orchestrated the clandestine transfer of uranium centrifuges, enrichment machines and technical data to North Korea over a period of several years, according to the book Nuclear Black Markets: Pakistan, A.Q. Khan and the Rise of Proliferation Networks.

According to the book’s author, Mark Fitzpatrick, some of Khan’s deals were likely tied to existing official agreements between the two countries, wherein North Korea provided ballistic missile technologies to Pakistan.

WATCH: Pakistan test fires submarine-based cruise missile

In 2003, the U.S. learned of North Korea’s plans to build a uranium-enrichment facility with Pakistan’s help. The following year, Khan admitted to running a global nuclear proliferation ring, with Iran and Libya among his other clients.

Khan later told German magazine Der Spiegel that he was merely acting on behalf of the Pakistani leadership.

He even released what he claimed was a 1998 letter from Jon Pyong-ho, one of the architects of North Korea’s nuclear program, in which Pyong-ho assures that $3 million has been transferred to Pakistan’s army chief, and asks that Khan dispatch “the agreed documents, components, etc.” via a North Korean emissary.

READ MORE: Pakistan refuses to release doctor who helped US find Osama bin Laden

Khan was later pardoned by Pakistani leader Gen. Pervez Musharraf.

“By freely selling enrichment equipment and putting the designs on computer disks, Khan significantly lowered the technical barriers to nuclear weapons development,” Fitzpatrick wrote.

And no country benefited more from Khan’s largesse than North Korea.

READ MORE: Pakistan issues nuclear warning to Israel on Twitter after fake news story

In 2010, Dr. Siegfried Hecker was again invited to North Korea, and was this time taken on a tour of a uranium enrichment facility. He described what he saw as “truly mind-boggling” — around 2,000 centrifuges that appeared to contain highly enriched, weapons-grade uranium.

“[The North Koreans] take whatever they can get, and then they build things themselves, and they do it quite well,” Hecker concluded in his Google Tech Talks lecture.

The Nuclear Silk Road

In early 2015, debris from a North Korean satellite launch were analyzed by experts and found to contain components manufactured in the U.K. and routed through Chinese companies, according to a United Nations Panel of Experts report.

The following year, foreign journalists on a tour of a Pyongyang factory spotted a shipment of boxes from Calgary-based chemical producer Dow Canada, the Washington Post reported.

These are but two of several known instances of North Korea evading international sanctions and export controls to procure weapons components.

WATCH: China says it will impose more sanctions on North Korea if missile test conducted: Tillerson


“North Korea is very creative in the way that it goes about sanctions evasion, and the patterns in which it goes about it vary,” Andrea Berger, a senior researcher with the James Martin Center for Nonproliferation Studies, told Global News.

Berger says North Korea often sends trusted nationals to China to set up front companies, often in collaboration with Chinese citizens. These companies then import equipment from Western manufacturers, who often have no way of knowing that the companies are really fronts controlled by the North Korean regime.

“Let’s say you’re Siemens in Germany and you get a purchase request from ‘Golden Star General Trading Corporation’ in China. You look into that company and it doesn’t have a big web presence  —  because most Chinese small and medium-sized enterprises don’t  — and you assume, after some limited due diligence, that it’s probably fine,” Berger says.

READ MORE: China defends trade practices with North Korea after Chinese-made vehicles seen towing ballistic missiles

Even Chinese banks themselves often get deceived, she adds.

“The bank account might be under, say, ‘Golden Star General Trading Corporation’ or a Chinese director,” Berger says. “The Bank of China might not immediately be the wiser that there’s a North Korean beneficiary behind that account.”

By covering their tracks in this manner, front companies procure sensitive goods before re-exporting them to North Korea, evading Chinese export controls via misleading shipping labels or creative smuggling techniques.

READ MORE: U.S. mulls North Korea sanctions, targeting cash that flows through Chinese banks

The racket doesn’t exclusively involve surreptitious front operations, however.

In 2015, a large Chinese company called Shenyang Machine Tools bought equipment from a European manufacturer under the explicit condition that the items wouldn’t be re-sold to North Korea, according to the Institute for Science and International Security.

Shenyang Machine Tools promptly broke the agreement by embedding the products into its own line of industrial machines, which were then exported to North Korea.

The equipment in question is commonly used to manufacture missile parts and uranium centrifuges.

Financial skullduggery

So how does North Korea pay for the expensive parts that it acquires illegally?

Turns out it doesn’t just use front companies to buy  —  it also uses them to sell its own military products.

Earlier this year, the UN Panel of Experts reported the interception of a shipment of 45 military radios bound for Eritrea. The shipment was sent by a Malaysian-based company called Glocom — which investigators found to be controlled by the North Korean intelligence agency.

Glocom was selling the radios to developing countries at North Korea’s behest — for $8,000 per unit.

READ MORE: U.S. urges UN Security Council to increase economic pressure on North Korea over weapons program

Berger, who is familiar with the Glocom investigation, said the company was “being used to facilitate sales of that technology specifically.”

The combination of such clandestine military deals, the sale of missile technologies and the export of coal and minerals have enabled North Korea to fund its nuclear procurement, the UN report suggested.

The “disco ball” warhead

In March 2016, North Korean state media released photographs of Kim Jong-Un standing in front of what it claimed was a miniaturized nuclear warhead “standardized to be fit for ballistic missiles,” Reuters reported.

The object was silver, shiny and shaped like a giant orb. It was roundly mocked on Twitter for resembling a disco ball.

So you’re saying this new disco ball with old CDs stuck on the side will be more glittery? 

But experts aren’t laughing.

Melissa Hanham, a researcher who analyzes open source data and photos to assess North Korea’s weapons programs, says it’s “plausible” that the object is a working nuclear warhead.

“We can’t see inside it to say, ‘Yes, it is’ or ‘No, it isn’t’ a nuclear warhead,” Hanham told Global News. “But they’ve had five nuclear tests, so it wouldn’t be surprising for them to have that kind of compact warhead by that many tests.

READ MORE: North Korea’s latest missile launch could be 2nd test of new technology, experts say

“I can tell you that we’ve measured it a lot, and it does fit into the payload of many of their missiles.”

Hanham admits it’s bizarre that North Korea would let its Supreme Leader stand so close to the real thing, but points out that “there are other photographs of Kim Jong-Un engaging in really dangerous activities that confuse us as well” — referring to photos of him smoking next to a solid-fuel rocket engine and standing underneath a heavy object dangling from a crane.

A legitimate threat

The purported warhead may have been goofy-looking, but it represented one of many milestones in a ramped-up schedule of North Korean nuclear weapons development over the past year and a half.

“North Korea in 2016 spent a lot of time doing a point-for-point refutation of every major narrative of the things it ‘couldn’t do’ in its nuclear missile program,” Berger says.

“All the developments we’re seeing in the nuclear missile program are deeply serious, and the more we continue to laugh about it, the more North Korea will attempt to demonstrate that it has a credible military program that is making rapid advancement.”

WATCH: Should we be worried about North Korea?

That advancement is the result of over half a century of steadily accumulated scientific know-how and single-minded subterfuge, with North Korea taking advantage of lax regulations and shady foreign partners to hoodwink the international non-proliferation regime.

Berger says China’s “conscious negligence” — in relation to both clamping down on front companies and tightening export controls — has resulted in such a huge flow of illicit goods to North Korea that it would take “an enormous effort” to rein it in at this point.

“The problem we have is enormous policy inertia, and very few good ideas of how to address the situation,” Berger says.

READ MORE: Could North Korea’s nuclear missiles reach Canada?

Hanham agrees. “I think there are probably still opportunities to slow or disrupt their program, but they’ve already crossed a lot of important thresholds that make it unlikely that they will give up their [nuclear] program entirely,” she says.

“North Korea has shown that it’s dedicated to acquiring nuclear weapons, and it’s very hard to stop any country that’s completely dedicated.”

How did North Korea get nuclear weapons?

Story 2: Fed To Start Quantitative Tightening In October 2017 by Selling Some ($10 Billion Per Month or $120 Billion Per Year) of $4,500 Billion Bond Portfolio As U.S. Economy Slows in 2017? — Videos

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Fed will finally wind down historic rescue program

The Federal Reserve is leaving interest rates alone to give the economy room to keep growing.

But the central bank did take historic action on Wednesday: It will begin undoing the extraordinary steps it took to prop up the economy for almost a decade after the financial crisis. The Fed said it would begin shedding some of the $4.5 trillion in investments starting next month.

The announcement marks a milestone in the long recovery from 2008, and reflects confidence by Fed officials that the economy will continue to grow.

Starting in October, the Fed will begin unloading $10 billion of debt from its so-called balance sheet, including $6 billion in Treasury securities and $4 billion in agency debt each month through December.

For years, the central bank piled up purchases of Treasury and mortgage-backed securities, a strategy intended to stimulate the economy by reducing borrowing costs for everyone. At the time, it also reduced its benchmark interest rate to zero, and only began raising it in December 2015, seven year after the crisis.

On Wednesday, the Fed left rates unchanged, hovering between 1% and 1.25%.

Related: The CNNMoney Trump Jobs Tracker

The central bank has raised that rate three times since December as the economy has gradually improved. Raising rates too quickly could risk hobbling the recovery.

Still, the majority of Fed policymakers signaled on Wednesday that they expect to lift rates one more time this year.

Central bankers pointed to signs of strength in the U.S. economy, including a pickup in household spending and growth in business investments, in a statement following the Federal Open Market Committee’s two-day meeting.

“Job gains have remained solid in recent months, and the unemployment rate has stayed low,” the Fed said in a statement.

While Fed officials cautioned that the devastation of Hurricanes Harvey, Irma and Maria would hold back the U.S. economy in the “near term,” they said the storms would not “materially alter” the country’s economy overall.

“Within a few months, rebuilding activity has typically kicked in, returning economic growth to normal—or maybe even a little higher than normal,” wrote Eric Winograd, AB senior economist in a note. “So, despite the storms, we’re still confident the U.S. economy will keep its momentum, because the foundations are sound.”

Related: Fed Chair Janet Yellen warns – Monitor your credit report!

Some Fed officials have warned against raising interest rates until inflation — which reflects the prices of everything from meat and cheese to houses and cars — meets the goal of 2% that they consider healthy for the economy.

But inflation is still running below that target, even though the job market has picked up and other explanations have fallen away. In a press conference, Fed chair Janet Yellen described it as something of a “mystery.”

In past years, she said the Fed has been able to point to root causes of low inflation: the gap between those employed versus those that aren’t, energy prices and a rising dollar.

“This year’s inflation shortfall is more of a mystery,” Yellen told reporters at the press conference. “I will not say that the committee clearly understands what the causes are.”

Central bankers have been in a bind over when to lift rates again. Inflation has been stubbornly low for years, suggesting the Fed should hold off. But economic growth and low unemployment suggest they should act.

Fed officials cautioned that they do expect inflation to be higher than normal — at least for a little while — following the hurricanes that have devastated Texas, Florida and now Puerto Rico.

“Inflation remains the wild card of Fed policy and the temporary boost to gasoline prices following the hurricanes only clouds the picture further,” said Bankrate.com’s chief financial analyst Greg McBride. “Whether the Fed hikes in December will remain an open question until December.”

Along with one more rate hike this year, the Fed also predicted three more possible moves next year.

“It is too soon for the committee to conclude that the recent slowing in inflation was sufficiently permanent to alter the Fed’s plans,” Michael Gapen, a Barclay’s analyst wrote in a research note.

The Fed said it continues to expect inflation to remain at 1.6%, below its target, and the unemployment rate to be 4.3%, based on its updated economic projections.

The central bank did, however, offer a rosier picture of the overall economy, upping its economic growth forecast to 2.4% from 2.2%.

Yellen again declined to address speculation about whether President Trump will nominate her for a second four-year term leading the Fed. Her first term ends in February.

http://money.cnn.com/2017/09/20/investing/federal-reserve-janet-yellen/index.html

Fed prepares to cut $4.5 trillion portfolio: What it means
By Matthew Rocco Published July 12, 2017 The Fed FOXBusiness Opens a New Window.

USA-FED/ The Federal Reserve building in Washington, D.C (Kevin Lamarque / Reuters)
Federal Reserve Chairwoman Janet Yellen will be on Capitol Hill for two days of congressional testimony starting Wednesday, and investors will be closely watching the proceedings for any clues about the central bank’s plans to shrink its securities portfolio.

The Fed has begun to pave the way toward cutting its balance sheet, which grew from about $1 trillion to $4.5 trillion in five years. The large increase is the result of an aggressive bond-buying stimulus program known as quantitative easing. The program was implemented to keep interest rates low and support a collapsed housing market. Since December 2015, the Fed has gradually raised the benchmark fed funds rate from near zero amid an improved labor market and U.S. economy. But its large portfolio of Treasury bonds and mortgage-backed securities has remained in place.

With officials phasing out its crisis-era monetary policies, the Fed is now discussing a timeline to start winding down its portfolio to about half its current size.

“[The Fed] is in uncharted territory. They’ll be very cautious because they are committed to reducing interest rates and reducing the balance sheet. The first foray will be fairly limited,” said Nariman Behravesh, IHS Markit’s chief economist.

Investors have mostly prepared themselves for the Fed’s next move by anticipating an increase in interest rates. If anything, the Fed tends to “do less than the market expected,” Behravesh added.

“I think the good thing is the Fed is raising rates in an environment that’s not gangbusters, but it’s decent. Rates will go up, no question, but if they go gradually, it won’t do a great amount of damage to the economy,” he said, noting that the fed funds rate remains historically low. “Monetary policy is becoming tighter, but at the end of next year, it still won’t be tight.”

Fed members have already decided on a plan of action. Currently, the Fed purchases new bonds to replace the ones that come due. Once it starts the clock, the central bank will allow bonds to mature and roll off its balance sheet.

At their June policy-setting meeting, members of the Federal Open Market Committee set up a plan to shed as much as $6 billion worth of government bonds and $4 billion in mortgage-backed securities each month as a starting point. The Fed would raise the amount every quarter, eventually hitting a cap of $30 billion in Treasury and $20 billion in mortgage bonds per month.

Federal Reserve Board Chairwoman Janet Yellen holds a news conference after the Fed released its monetary policy decisions in Washington, U.S., June 14, 2017. TPX IMAGES OF THE DAY – RTS1750PExpand / Contract
Federal Reserve Board Chairwoman Janet Yellen holds a news conference after the Fed released its monetary policy decisions in Washington, U.S., June 14. (Joshua Roberts / Reuters)
Demand for bonds will weaken once the Fed stays on the sidelines, thus lowering prices and forcing interest rates to climb. (Bond yields move in the opposite direction as prices.) The magnitude of that rate increase will depend on how gradually the Fed sells off its holdings, Behravesh explained.

The benchmark 10-year Treasury yield has declined about 0.081 percentage points since the start of the year, hitting 2.36% in recent trading.

As for when the Fed will kick off the process, several officials prefer to “announce a start to the process within a couple of months,” according to minutes of their June meeting Opens a New Window. . Others believed that a decision later in 2017 would give the Fed more time to study inflation, which has fallen short of the central bank’s target, and U.S. economic activity.

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The general consensus is that the Fed will make an announcement in September. In her prepared remarks to Congress Opens a New Window. , Yellen affirmed that the Fed will “likely” implement the program this year, as long as the economy “evolves broadly as anticipated.”
“We do not intend to use the balance sheet as an active tool for monetary policy in normal times,” Yellen said, adding that the Fed is prepared to “resume reinvestments” if it sees a deterioration in the economic outlook.

No matter when the Fed begins to shrink its portfolio, economists expect it to move in the same way it raises interest rates: slowly.

“It’s hard to tell how slowly they are going to go,” Behravesh said, but the Fed is determined to move one step at a time. The impact on the financial and housing markets isn’t fully clear, and the Fed plans to raise the fed funds rate at the same time it dumps assets.

In June, the Fed raised the fed funds rate another quarter of a percentage point to a range of 1% to 1.25%. The next rate hike is expected in December.

http://www.foxbusiness.com/markets/2017/07/12/fed-prepares-to-cut-4-5-trillion-portfolio-what-it-means.html

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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

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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: , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 937,  July 31, 2017

Pronk Pops Show 936,  July 27, 2017

Pronk Pops Show 935,  July 26, 2017

Pronk Pops Show 934,  July 25, 2017

Pronk Pops Show 934,  July 25, 2017

Pronk Pops Show 933,  July 24, 2017

Pronk Pops Show 932,  July 20, 2017

Pronk Pops Show 931,  July 19, 2017

Pronk Pops Show 930,  July 18, 2017

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

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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.

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TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

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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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

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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

Posted on July 15, 2017. Filed under: American History, Banking System, Breaking News, Budgetary Policy, Coal, Communications, Computers, Congress, Corruption, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Education, Employment, Fiscal Policy, Government, Government Dependency, Government Spending, Health, Health Care Insurance, History, House of Representatives, Independence, Investments, Labor Economics, Law, Life, Media, Medicare, Monetary Policy, Natural Gas, News, Oil, People, Philosophy, Photos, President Trump, Radio, Rand Paul, Raymond Thomas Pronk, Resources, Rule of Law, Scandals, Security, Senate, Social Security, Tax Policy, Taxation, Taxes, Trade Policy, Unemployment, United States of America, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , |

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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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Image result for U.S. debt as of July 15, 2017

Image result for U.S. debt as of July 15, 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 —

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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

When will Medicare, Social Security trust funds run dry?

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U.S. Debt Clock

 

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Why Is Healthcare So Expensive?

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The Bigger the Government…

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The Promise of Free Enterprise

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America’s Debt Crisis Explained

Consequences of Printing Money/ Inflation- Dr. Yaron Brook

Milton Friedman – Understanding Inflation

Milton Friedman – The Social Security Myth

Donald Trump’s $20 Trillion Problem

The Money Hole: America’s Debt Crisis

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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Promise Broken: No action on Trump’s promise to sue accusers

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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.”

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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

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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 

http://www.worldometers.info/world-population/population-by-country/

 

The world’s 10 biggest economies in 2017

Kayakers take in the last of the day's light as they paddle past a ship anchored off Cape Town, May 1, 2011. REUTERS/Mike Hutchings (SOUTH AFRICA - Tags: IMAGES OF THE DAY SOCIETY) - RTR2LVIK

The US dominates, but other economies are catching up
Image: REUTERS/Mike Hutchings

The economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%), according to the latest World Bank figures.

Image: World Bank

China follows, with $11 trillion, or 14.8% of the world economy. Japan is in third place with an economy of $4.4 trillion, which represents almost 6% of the world economy.

European countries take the next three places on the list: Germany in fourth position, with a $3.3 trillion economy; the United Kingdom in fifth with $2.9 trillion; and France in sixth with $2.4 trillion.

India is in seventh place with $2 trillion, and Italy in eighth with an economy of over $1.8 trillion.

Ninth place goes to Brazil, with an almost $1.8 trillion economy.

And in 10th is Canada, with an economy of over $1.5 trillion.

The economy of the United States is larger than the combined economies of numbers three to 10 on the list.

 The world's biggest economies

Fastest-growing economy

The US may not dominate for much longer, however.

Although China trails the US by $7 trillion, it’s catching up. China’s economy grew by 6.7% in 2016, compared with America’s 1.6%, according to the IMF.

China has also overtaken India as the fastest-growing large economy. The IMF’s World Economic Outlook estimated China’s economy grew at 6.7% in 2016, compared with India’s 6.6%.

Brazil’s economy has contracted in the last year by 3.5%, the only one in the top 10 to do so.

The chart above shows the world’s 40 biggest economies individually, but grouped by colour into continents.

The Asian bloc clearly has a larger share than anywhere else, representing just over a third (33.84%) of global GDP. That’s compared to North America, which represents just over a quarter, at 27.95%.

Europe comes third with just over one-fifth of global GDP (21.37%).

Together, these three blocs generate more than four-fifths (83.16%) of the world’s total output.

The biggest economies in 2050

new study by PricewaterhouseCooper says that China will be in first place by 2050, because emerging economies will continue to grow faster than advanced ones.

India will rank second, the US will be third, and fourth place is expected to go to Indonesia.

The UK could be down to 10th place by 2050, while France could be out of the top 10 and Italy out of the top 20 as they are overtaken by faster-growing emerging economies such as Mexico, Turkey and Vietnam.

The report also says that the world economy could more than double in size by 2050, far outstripping population growth, due to technology-driven productivity.

 

 

 

Image result for u.s. trade imbalance with china

Image result for u.s. trade imbalance with china

Image result for u.s. trade imbalance with china

 

Demographics

North Korea South Korea
Population 24,851,627 (July 2014 est.) 49,039,986 (July 2014 est.)
Age structure 0-14 years: 21.5% (male 2,709,580/female 2,628,456)
15-24 years: 16.3% (male 2,041,861/female 1,997,413)
25-54 years: 44% (male 5,465,889/female 5,456,850)
55-64 years: 8.6% (male 1,007,667/female 1,127,455)
65 years and over: 9.7% (male 826,175/female 1,590,281) (2014 est.)
0-14 years: 14.1% (male 3,603,943/female 3,328,634)
15-24 years: 13.5% (male 3,515,271/female 3,113,257)
25-54 years: 47.3% (male 11,814,872/female 11,360,962)
55-64 years: 12.4% (male 3,012,051/female 3,081,480)
65 years and over: 12.7% (male 2,570,433/female 3,639,083) (2014 est.)
Median age total: 33.4 years
male: 31.8 years
female: 35 years (2014 est.)
total: 40.2 years
male: 38.7 years
female: 41.6 years (2014 est.)
Population growth rate 0.53% (2014 est.) 0.16% (2014 est.)
Birth rate 14.51 births/1,000 population (2014 est.) 8.26 births/1,000 population (2014 est.)
Death rate 9.18 deaths/1,000 population (2014 est.) 6.63 deaths/1,000 population (2014 est.)
Net migration rate -0.04 migrant(s)/1,000 population (2014 est.) 0 migrant(s)/1,000 population (2014 est.)
Sex ratio at birth: 1.05 male(s)/female
0-14 years: 1.03 male(s)/female
15-24 years: 1.02 male(s)/female
25-54 years: 1 male(s)/female
55-64 years: 0.94 male(s)/female
65 years and over: 0.51 male(s)/female
total population: 0.94 male(s)/female (2014 est.)
at birth: 1.07 male(s)/female
0-14 years: 1.08 male(s)/female
15-24 years: 1.13 male(s)/female
25-54 years: 1.04 male(s)/female
55-64 years: 1 male(s)/female
65 years and over: 0.69 male(s)/female
total population: 1 male(s)/female (2014 est.)
Infant mortality rate total: 24.5 deaths/1,000 live births
male: 27.18 deaths/1,000 live births
female: 21.68 deaths/1,000 live births (2014 est.)
total: 3.93 deaths/1,000 live births
male: 4.13 deaths/1,000 live births
female: 3.73 deaths/1,000 live births (2014 est.)
Life expectancy at birth total population: 69.81 years
male: 65.96 years
female: 73.86 years (2014 est.)
total population: 79.8 years
male: 76.67 years
female: 83.13 years (2014 est.)
Total fertility rate 1.98 children born/woman (2014 est.) 1.25 children born/woman (2014 est.)
HIV/AIDS – adult prevalence rate NA less than 0.1% (2009 est.)
Nationality noun: Korean(s)
adjective: Korean
noun: Korean(s)
adjective: Korean
Ethnic groups racially homogeneous; there is a small Chinese community and a few ethnic Japanese homogeneous (except for about 20,000 Chinese)
HIV/AIDS – people living with HIV/AIDS NA 9,500 (2009 est.)
Religions traditionally Buddhist and Confucianist, some Christian and syncretic Chondogyo (Religion of the Heavenly Way)
note: autonomous religious activities now almost nonexistent; government-sponsored religious groups exist to provide illusion of religious freedom
Christian 31.6% (Protestant 24%, Roman Catholic 7.6%), Buddhist 24.2%, other or unknown 0.9%, none 43.3% (2010 survey)
HIV/AIDS – deaths NA fewer than 500 (2009 est.)
Languages Korean Korean, English (widely taught in junior high and high school)
Literacy definition: age 15 and over can read and write
total population: 100%
male: 100%
female: 100% (2008 est.)
definition: age 15 and over can read and write
total population: 97.9%
male: 99.2%
female: 96.6% (2002)
Education expenditures NA 5% of GDP (2009)
Urbanization urban population: 60.3% of total population (2011)
rate of urbanization: 0.63% annual rate of change (2010-15 est.)
urban population: 83.2% of total population (2011)
rate of urbanization: 0.71% annual rate of change (2010-15 est.)
Drinking water source improved:
urban: 98.9% of population
rural: 96.9% of population
total: 98.1% of population
unimproved:
urban: 1.1% of population
rural: 3.1% of population
total: 1.9% of population (2012 est.)
improved:
urban: 99.7% of population
rural: 87.9% of population
total: 97.8% of population
unimproved:
urban: 0.3% of population
rural: 12.1% of population
total: 2.2% of population (2012 est.)
Sanitation facility access improved:
urban: 87.9% of population
rural: 72.5% of population
total: 81.8% of population
unimproved:
urban: 12.1% of population
rural: 27.5% of population
total: 18.2% of population (2012 est.)
improved:
urban: 100% of population
rural: 100% of population
total: 100% of population0% of population
0% of population
0% of population (2012 est.)
Major cities – population PYONGYANG (capital) 2.843 million (2011) SEOUL (capital) 9.736 million; Busan (Pusan) 3.372 million; Incheon (Inch’on) 2.622 million; Daegu (Taegu) 2.447 million; Daejon (Taejon) 1.538 million; Gwangju (Kwangju) 1.503 million (2011)
Maternal mortality rate 81 deaths/100,000 live births (2010) 16 deaths/100,000 live births (2010)
Physicians density 3.29 physicians/1,000 population (2003) 2.02 physicians/1,000 population (2010)
Hospital bed density 13.2 beds/1,000 population (2002) 10.3 beds/1,000 population (2009)
Obesity – adult prevalence rate 3.9% (2008) 7.7% (2008)
Contraceptive prevalence rate 68.6% (2002) 80%
note: percent of women aged 15-44 (2009)
Dependency ratios total dependency ratio: 44.9 %
youth dependency ratio: 31.1 %
elderly dependency ratio: 13.8 %
potential support ratio: 7.2 (2014 est.)
total dependency ratio: 37.1 %
youth dependency ratio: 19.9 %
elderly dependency ratio: 17.2 %
potential support ratio: 5.8 (2014 est.)

Source: CIA Factbook

http://www.indexmundi.com/factbook/compare/north-korea.south-korea/demographics

 

 

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

Bill Gates Admits Trump Is Right, Warns We Will Be Overrun With Migrants Unless… – Hot News

Bill Gates warns open door migration overwhelm Europe || Celebrity TV

Bill Gates: Europe Must Stem The Flow Of Immigrants Before It’s Too Late

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EUROPE IMMIGRATION CRISIS – Illegal Immigrants Push Forward Into Germany & Austria

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Bill Gates in HUGE borders U-turn: ‘Brussels must make it HARDER for migrants to reach EU’

BILL GATES has made a massive open-borders U-turn and urged Brussels to make it more “difficult” for migrants to reach Europe.

By JOEY MILLAR

He had previously called on countries to take in more migrants but now appears to have completely reversed his view.The Microsoft chief said instead of opening the  borders, Brussels should fix the push-factors at the source by sending more foreign aid.He said: “On the one hand you want to demonstrate generosity and take in refugees, but the more generous you are, the more word gets around about this – which in turn motivates more people to leave Africa.
“[ cannot] take in the huge, massive number of people who are wanting to make their way to Europe.”He said instead the EU must make it “more difficult for Africans to reach the continent via the current transit routes” while also relieving “enormous pressure” by sending foreign aid.
The 61-year-old said it was “phenomenal” German Chancellor  is currently spending 0.7 per cent of the country’s GDP on foreign aid and urged others to follow its example.Last year Mr Gates, who is worth an estimated 60 billion pounds, called on America to open its doors to Syrian migrants.
And he said Germany and Sweden were “to be congratulated” for opening its doors during the migrant crisis.He said the USA “had the capacity” to follow suit, claiming: “The total number of refugees is not a world record.”

Bill Gates migrantsGETTY

Bill Gates called on Europe to open its borders to migrants last year

Bill Gates migrantsGETTY

Last year Bill Gates praised Germany and Sweden’s approach to the migrant crisis

Mr Gates’ warnings came days after Italian interior minister Marco Minniti held emergency talks with his French and German counterparts regarding the migrant crisis.More than 80,000 migrants have already arrived in Italy this year, a rise of nearly one-fifth on the same period last year.

 

 

Bill Gates warns that Germany’s open door policy to migrants will overwhelm Europe and urges leaders to ‘make it more difficult for Africans to reach the continent via current routes’

  • Bill Gates warned of ‘huge’ number of migrants waiting to come to Europe 
  • He said generosity of European leaders will only encourage more to come 
  • 61-year-old said Europe must make it more difficult for people to cross border
  • Instead he suggested spending more money on foreign aid to treat the problem

Bill Gates has warned that European leaders risk deepening the migrant crisis by being too generous to those arriving on the continent.

The Microsoft founder said countries such as Germany will not be able to handle the ‘huge’ numbers of migrants waiting to leave Africa and find a better life overseas.

Instead, the 61-year-old suggested spending more on foreign aid to treat the root causes of migration, while making it more difficult for people to reach the continent.

Bill Gates warned European leaders they will worsen the migrant crisis by being over-generous to those arriving on the continent, and suggested spending more on foreign aid instead

Bill Gates warned European leaders they will worsen the migrant crisis by being over-generous to those arriving on the continent, and suggested spending more on foreign aid instead

Mr Gates said countries such as Germany cannot handle the 'huge' numbers of people wanting to travel to Europe (pictured, migrants arrive in Munich)

Mr Gates said countries such as Germany cannot handle the ‘huge’ numbers of people wanting to travel to Europe (pictured, migrants arrive in Munich)

Speaking in an interview with the German Welt am Sonntag newspaper, with a translation published by Breitbart, he said: ‘On the one hand you want to demonstrate generosity and take in refugees.

‘But the more generous you are, the more word gets around about this — which in turn motivates more people to leave Africa.

‘Germany cannot possibly take in the huge number of people who are wanting to make their way to Europe.’

Mr Gates praised Chancellor Merkel’s commitment to spending 0.7 per cent of GDP on foreign aid as ‘phenomenal’, and asked other European leaders to follow suit.

But he added: ‘Europe must make it more difficult for Africans to reach the continent via the current transit routes.’

His own foundation has spent years and invested hundreds of millions of dollars to fight poverty and disease in Africa.

Mail Online contacted the foundation for comment, but had not received a response at the time of publication.

Mrs Merkel has been heavily criticised for her previous policy of open-door migration which saw 1million people arrive in Germany in a single year.

Chancellor Angela Merkel has been criticised for her previous policy of open-door migration. Italian interior minister Marco Minniti raised the prospect of closing ports to private ships helping migrants ashore earlier this week

It is thought that 82,000 migrants, largely from North Africa, have arrived in Italy since the start of the year, with 2,000 drowning in their efforts to cross

It is thought that 82,000 migrants, largely from North Africa, have arrived in Italy since the start of the year, with 2,000 drowning in their efforts to cross

Video playing bottom right…

At the time conservative European politicians warned that providing migrants with an open door into Europe would make the problem worse.

Mr Gates’ comments came as Italian interior minister Marco Minniti held emergency talks with his French and German counterparts over the migrant crisis.

Mr Minniti has threatened to close Italian ports to privately-funded vessels helping to rescue migrants from ships in the Mediterranean.

He said that other European nations must agree to shoulder some of the burden, or Italy will cut funding to those refusing to help.

An estimated 82,000 migrants have arrived in Italy so far this year, up 19 per cent on previous year, The Telegraph reports.

A German government report which leaked to the Bild newspaper suggests there could be up to 6.6million people trying to get into Europe, including 2.5million waiting to cross from North Africa.

It is thought that 2,000 people have lost their lives making the crossing since the start of the year.

Mr Gates’ comments also came after the G20 Africa Conference which took place in Berlin last month.

The summit aimed to discuss ways to improve economic growth, develop infrastructure, and strengthen private investment across the continent.

Austrian troops lock down border

Austria is sending 750 soldiers to its border with Italy in order to head off and expected influx of migrants.

The troops will join four armoured personnel carriers already stationed at the Alpine Brenner Pass to impose checks on those trying to cross.

The move comes after 82,000 migrants landed on Italian shores in the first six months of this year, and the country’s government demanded that other EU nations share the burden.

Austria is sending 750 troops to its southern border with Italy in order to head off an expected influx of migrants (pictured, riot police face off against protesters over the last time border checks were imposed)

Austria is sending 750 troops to its southern border with Italy in order to head off an expected influx of migrants (pictured, riot police face off against protesters over the last time border checks were imposed)

‘I expect border controls will be introduced very soon,’ Defence Minister Peter Doskozil said on Tuesday.

Both Italy and Austria are members of the European Union’s Schengen open-border zone, but free movement has been jeopardised by the reimposition of controls at many crossings across the bloc since the surge in migrants seen in 2015 and 2016.

There was no immediate comment from Italy or EU officials, but Doskozil’s spokesman said there was no concrete timetable for the new controls.

The spokesman added: ‘We’ll see how the situation in Italy is becoming more acute and we have to be prepared to avoid a situation comparable to summer 2015.’

Armoured vehicles were used by Austrian authorities during the migrant influx of 2015 to block roads and stem the flow, and would be used in a similar way this time around, authorities said.

Meanwhile the 750 troops would be able to descend on the region within 72 hours should the need arise.

The troops will join four armoured vehicles in the areas around Brenner Pass (pictured) and would be used to block roads and impose checks on arrivals

The troops will join four armoured vehicles in the areas around Brenner Pass (pictured) and would be used to block roads and impose checks on arrivals

http://www.dailymail.co.uk/news/article-4665198/Bill-Gates-warns-open-door-migration-overwhelm-Europe.html#ixzz4lzmvTBwo

 

Bill Gates: Europe Will Be Overwhelmed Unless It Stems Flow of Migrants

Microsoft founder Bill Gates has warned that Africa’s population explosion will overwhelm Europe unless the continent makes it more difficult for migrants to reach its shores.

The American billionaire’s comments come as European leaders discuss what to do about the surging number of Africans arriving in Italy each week, with Rome calling for other European Union (EU) nations to open their ports to docking migrants so as to ease pressure on the Mediterranean nation.

In an interview with the German Welt am Sonntag newspaper, Gates said massive population growth in Africa will result in “enormous [migratory] pressure” on Europe unless countries increase overseas development aid payments.

Praising Germany having achieved its commitment to devote 0.7 per cent of GDP to foreign aid as “phenomenal”, the 61-year-old called on “other European nations to follow its example”.

But Gates also spoke of a dilemma caused by ‘the German attitude to refugees’, referring to Chancellor Angela Merkel’s decision to open Europe’s borders to illegal migrants arriving from the third world.

“On the one hand you want to demonstrate generosity and take in refugees, but the more generous you are, the more word gets around about this  — which in turn motivates more people to leave Africa,” Gates told the Sunday newspaper.

“Germany cannot possibly take in the huge, massive number of people who are wanting to make their way to Europe.”

Because of this, Gates stressed that “Europe must make it more difficult for Africans to reach the continent via the current transit routes”.

Italy is demanding that other EU nations open their ports to migrants ferried from Libya as the country struggles to cope with having already received over 80,000 people this year.

Calling for African newcomers to be spread throughout Europe, the Mediterranean nation’s globalist centre-left government insisted that the EU migrant relocation programme  — which is largely limited to people from Eritrea and Syria  — should be expanded to include other nationalities, such as Nigerians.

UN High Commissioner for Refugees, Filippo Grandi, on Saturday decried an “unfolding tragedy” in Italy.

“Without a swift collective action, we can only expect more tragedies at sea,” he declared, noting that around 2,000 migrants have lost their lives on the sea route from Libya to Italy this year.

The Italian diplomat repeated calls for an “urgent distribution system” for incoming migrants and asylum seekers, and “additional legal pathways to admission”.

 

05 July 2017 – 05H40

Bye-bye locals: Europe’s city centres sound alarm

 © AFP / by Daniel Bosque and Michaela Cancela-Kieffer | Barcelona’s picturesque Gothic Quarter has gone from residential district to tourist magnet, as deserted buildings full of history make way for quaint hotels

BARCELONA (AFP) – Memories of the past come flooding back as Manuel Mourelo strolls through Barcelona’s picturesque Gothic Quarter: children playing, fun with the neighbours, traditional bars… But now, “all of that has disappeared.”

Hordes of tourists fill the narrow, winding alleys on guided tours, bike and Segway rides, while residents have deserted buildings full of history to make way for quaint hotels and tourist rentals — an issue that affects popular spots Europe-wide.

Last year, Mourelo himself joined the exodus out of a district he had lived in since 1962 when he came to the Spanish seaside city from Galicia in the northwest.

The flat he had been renting for 25 years was sold to an investor and he was evicted. Having paid 500 euros ($560) a month in rent, he was unable to find anything else affordable in the area.

“They were asking for 1,000, 1,200, 1,500 euros,” says the 76-year-old, his face framed by thick glasses and a bushy moustache.

“This was my village. I had it all here, my friends, my shops, I got married here, my children were born here, and I thought I would die here.

“I feel displaced,” he adds, his eyes welling up.

– ‘Emptying out’ –

According to the city hall, the fixed population in the Gothic district so loved by tourists has dropped from 27,470 residents in 2006 to just 15,624 at the end of 2015.

Now, 63 percent are “floating” residents — tourists or people in short-term lets.

At the same time, according to real-estate website Idealista, rental prices in Ciutat Vella, where the Gothic Quarter is located, have gone from 14.4 to 19 euros per square metre in just two years.

Rising rental prices, noise and crowds jostling for space in the streets and the disappearance of traditional, everyday stores have all contributed to forcing people out for economic reasons… or due to sheer frustration.

The arrival of Airbnb and other such home-renting platforms has only aggravated the problem, locals say.

“We’re not talking about gentrification, about substituting the original population by another more wealthy one,” says Gala Pin, a councillor in Ciutat Vella.

“We’re talking about the historic centre emptying out.”

For sociologist Daniel Sorando, co-author of “First We Take Manhattan,” an essay that analyses the phenomenon in various cities, the trend is towards “urban centres conceived as machines to make money while the working classes are displaced outside.”

– Paris, Amsterdam, London –

The problem also affects cities further afield.

In Paris, concerned residents of the 4th district, where Notre-Dame Cathedral is located, organised a symposium on the “invisible desertification” of city centres in March.

The city hall in the French capital said earlier this year that it had lost 20,000 housing units in five years, partly to tourist rentals.

This contributes to a “rise in prices” and a “drop in the population,” Ian Brossat, in charge of housing for Paris’ city hall, told AFP.

In Amsterdam, meanwhile, the ING bank found that owners could earn 350 euros more per month with seasonal rentals, pushing the prices up, Senne Janssen, author of the study, told AFP.

To try and remedy the situation, Paris, London and Amsterdam want to regulate the duration of rentals and register all flats and houses being used for short-term lets in order to better control them.

In Berlin, people are only allowed to rent out one room in their home since last year, and the whole flat or house if it is a secondary or occasional use pied-a-terre.

– ‘Too few to impact’ –

Barcelona, whose mayor Ada Colau is a former anti-eviction housing activist, has chosen to be even more strict.

The city hall last year imposed a 600,000-euro fine on home rental platforms Airbnb and HomeAway for marketing lodgings that lacked permits to host tourists.

But Airbnb Spain says housing problems existed before.

In Ciutat Vella, for instance, “there is three times more empty accommodation (that is not being rented out) than accommodation ads on Airbnb,” says Spain spokesman Andreu Castellano.

And research in cities like Berlin, Los Angeles, London and Barcelona into occupancy shows that “the amount of accommodation put online for purely professional use (rented out more than 120 days a year) is too low to have an impact,” Airbnb adds.

– ‘Tourism fast food’ –

Hard data on the impact of seasonal rentals on accommodation prices are few and far between, but all experts questioned by AFP said these could worsen the situation in already saturated areas.

Barcelona has been particularly hard hit by a rise in prices as investors are attracted by the profitability of a city that sees some 30 million visitors annually.

Sergi Leiva, of real-estate firm MK Premium, says half of his clients are foreigners, who are looking for a second home or a good investment.

And for those who hold on tight despite the prices, life is far from peaceful with the crowds, noise and lack of convenience stores.

“If the prices don’t throw you out, daily pressure does,” says Marti Cuso, a 27-year-old local activist in Barcelona.

Raised in the district, he is the only one among his friends to still live there.

For Socorro Perez, an expert in human geography, the outcome is “cities without residents, dead districts.”

“Cities transform into ‘clusters’ of entertainment and consumption, into tourism fast food.”

by Daniel Bosque and Michaela Cancela-Kieffer

 

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The Pronk Pops Show 909, June 12 2017: Story 1: American People March Against Sharia Law — Videos — Story 2: President Trump On New Infrastructure and Regulation: Public Private Partnerships or Crony Capitalism?

Posted on June 12, 2017. Filed under: American History, Blogroll, Breaking News, Coal, Countries, Crime, Defense Spending, Donald J. Trump, Elections, Government Spending, History, Human, Iran Nuclear Weapons Deal, Iraq, Islam, Islamic Republic of Iran, Islamic State, Law, Libya, Life, Middle East, Natural Gas, News, Obama, Oil, People, Photos, Politics, Polls, President Trump, Pro Life, Progressives, Raymond Thomas Pronk, Religion, Resources, Rule of Law, Success, Terror, Terrorism, United Kingdom, United States Constitution, United States of America, Videos, Violence, War, Wealth, Wisdom, Yemen | Tags: , , , |

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Image result for america's infrastructure report cardImage result for americans marching against sharia law 10 june 2017Image result for cartoon's trump's infrastructure planImage result for trump speech at department of transportation June 8, 2017

 

Story 1:  American People March Against Sharia Law — Vidoes —

What Is Sharia Law?

What Is Sharia?

Sharia Law 101 – the essential statistics

Sharia Law In America‽

Before and After Sharia Law: A Cautionary Tale

 

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1400 shocking years of Islam in 5 minutes – Muslims are scared of this!!!

ACT for America Stages Marches Against ‘Sharia Law’ Nationwide, Arrests Made

Demonstrations against Islamic law led to arrests, tense confrontations and physical fights in some U.S. cities Saturday amid several rallies sponsored by ACT for America, which the Southern Poverty Law Center designates as an anti-Muslim hate group.

The “March Against Sharia” was scheduled to take place in more than 20 cities, including New York, Dallas and Atlanta, and was projected to be ACT for America’s largest protest against Islam.

Cathy Camper
Cathy Camper, of Tacoma, Wash., wears a stars-and-stripes cowboy hat as she protests against Islamic law at a rally on June 10, 2017, in Seattle, as counter-protesters demonstrate across the street.Ted S. Warren / AP

In some cities, the rallies were met by counter-demonstrators. Seven people were arrested during demonstrations at the Minnesota State Capitol in St. Paul, but no injuries were reported, state police said.

In Seattle, police said officers deployed pepper spray to “break up a large fight” and arrested three near Occidental Park following the protests downtown.

At the end of the rally, a group returned to the park where the melee erupted, according to a police statement. Officers used pepper spray to disperse the crowd and arrested one woman and two men for obstruction, it added.

NBC affiliate KING 5 reported that hundreds of demonstrators had marched in downtown to support Muslims and confront a few dozen people who took part in the ACT for America demonstration at City Hall.

“We are not anti-Muslim. We are anti-radical Islam,” said a March Against Sharia speaker outside City Hall, according to the station.

The other group, Seattle Stands with our Muslim Neighbors, began their demonstration in Occidental Square before making their way to City Hall.

“Muslims are welcomed here,” some chanted.

In New York City, about 100 protesters and more than 200 counter-protesters traded words in downtown Manhattan as police officers stood between the groups. While they were speaking, counter-protesters were trying to drown them out using bullhorns and noise makers.

ACT for America says that Sharia law — or Islamic law — is incompatible with Western democracy, and that the marches “are in support of basic human rights for all.”

The organization said this week it was canceling an event in Arkansas “when we became aware that the organizer is associated with white supremacist groups.”

“This is against all of our values,” ACT for America said in a statement Thursday. It said the Arkansas event may go forward anyway, but should not be considered sanctioned by the group.

The nationwide “March Against Sharia” first gained widespread attention when Ted Wheeler, the mayor of Portland, Oregon, moved to stop the local chapter from rallying. Wheeler’s decision came after two men were fatally stabbed as they tried to protect two women — one of whom was wearing a headscarf — from an anti-Muslim tirade.

Image: Counter-protesters hold signs and shout slogans during an anti-Sharia rally in Seattle
Counter-protesters hold signs and shout slogans during an anti-Sharia rally in Seattle, Washington, on June 10, 2017.David Ryder / Reuters

The organizers of Portland parade eventually changed the venue to Seattle, citing “safety concerns” in Oregon’s largest city.

In front of the Trump building in downtown Chicago, about 30 protesters and President Donald Trump supporters shouted slogans and held signs reading “Ban Sharia” and “Sharia abuses women,” according to the Associated Press. About twice as many counter-protesters marshaled across the street.

At a rally on the steps of the Pennsylvania state capitol in Harrisburg, the atmosphere was tense, according to Reuters.

Barricades and a heavy police presence, including officers mounted on horses, separated about 60 anti-Sharia demonstrators from an equal number of counter-protesters, most of them in black masks and hoods, Reuters reported. Nearly a dozen men carrying sidearms belonging to the anti-government Oath Keepers were on hand, invited by ACT to provide security.

ACT for America, which has over 525,000 members and has boasted of its close ties to President Donald Trump, is organizing the marches. It has been considered a hate group by Southern Poverty Law Center for several years.

Counter demonstrators yell towards a nearby rally protesting Islamic law Saturday, June 10, 2017, in New York.Craig Ruttle / AP

“ACT demonizes all Muslims as terrorists who want to subvert the political system in this country,” said Heidi Beirich, director of the Intelligence Project at the Southern Poverty Law Center. They disseminate lies and fallacies about Muslims to spread fear about the religion, she added.

The Islamaphobic organization has gained significant momentum since its founding in 2007 by Brigitte Gabriel, a Lebanese immigrant who has openly called Islam inconsistent with U.S law.

“A practicing Muslim who believes the word of the Quran to be the word of Allah … who goes to mosque and prays every Friday, who prays five times a day — this practicing Muslim, who believes in the teachings of the Koran, cannot be a loyal citizen of the United States,” said Gabriel during a course at the Department of Defense’s Joint Forces Staff College in 2007.

ACT for America did not return requests for comment from NBC News.

“These marches are concerning because of what they will mean to the Muslim community,” Beirich said. “When an organization propagandizes an entire community, it tends to embolden some people to commit hate crimes.”

Play
FROM MAY 29: Portland Mayor Asks Alt-Right Group to Cancel Rallies 5:20

But ACT, which brands itself as “the NRA of national security,” protecting “America from terrorism,” said in a statement that the upcoming march is about “human rights” and protecting women and children from Sharia — or the religious principals forming part of the Islamic tradition — which they say is quietly taking a hold of U.S law.

ACT initiated the “Stop Shariah Now” campaign in 2008. The SPLC said the group’s website described its mission “to inform and educate the public about what Shariah is, how it is creeping into American society and compromising our constitutional freedom of speech, press, religion and equality what we can do to stop it.”

More than 13 states have introduced bills banning Sharia law as a result of the campaign, Beirich said.

“It is absolutely impossible for any religious law to take over U.S. law,” Beirich said. “The Constitution stops it, there is a separation of church and state,” she said.

Image: Brigitte Gabriel speaking for ACT for America.
Brigitte Gabriel, head of the organization, speaking for ACT for America.ACT for America via Facebook

Another staple of the group is the Thin Blue Line Project, which is a “Radicalization Map Locator” that lists the addresses of almost every Muslim Student Association (MSA) in the country, as well as a number of mosques and Islamic institutions. The project, accessible only to pre-registered law enforcement, describes itself as a “one-stop internet resource for information concerning the perceived threat of Muslim infiltration and terrorism in the country,” according to the SPLC.

The organization also forbids any interfaith dialogue with Muslims based on their suspicion that all members of the faith are connected to the Muslim Brotherhood, an established international political Islamist group founded in 1928.

“If you or someone you know is aware of a church or synagogue involved in or considering interfaith outreach, please warn them about organizations and individuals connected to the Muslim Brotherhood,” the organization said in a 2012 statement.

The group campaigned hard for Donald Trump, and after he won the election, they boasted of having a “direct line” to the president.

https://www.facebook.com/plugins/post.php?app_id=&channel=http%3A%2F%2Fstaticxx.facebook.com%2Fconnect%2Fxd_arbiter%2Fr%2F0F7S7QWJ0Ac.js%3Fversion%3D42%23cb%3Df3cf26bdc5c130c%26domain%3Dwww.nbcnews.com%26origin%3Dhttp%253A%252F%252Fwww.nbcnews.com%252Ff2503410f4b1c7%26relation%3Dparent.parent&container_width=350&href=https%3A%2F%2Fwww.facebook.com%2Factforamerica%2Fphotos%2Fa.441861226363.238280.50783931363%2F10153252037226364%2F%3Ftype%3D3%26theater&locale=en_US&sdk=joey&width=350

Gabriel even visited the White House and tweeted she was going there for a meeting.

The White House did not return requests confirming a meeting with Gabriel.

Former national security adviser Michael Flynn and current Trump adviser Walid Phares are ACT board advisers, according to the organization. And CIA director Mike Pompeo is “steadfast ally,”said Gabriel in a letter to her base.

The nationwide march is one of the largest coordinated efforts by the ACT, despite a small expected turnout based on the event’s Facebook page.

As of Friday afternoon, only 50 individuals said they are going in Atlanta, 64 in Indianapolis, and 68 in Chicago, on the event’s social media page.

The largest number of people interested are in San Bernardino, with 231 slated to join.

“The protest being planned … by a designated hate group are only designed to fan the flames of hatred and promote xenophobia incidents like what happened in Portland across this country. This is not a rally FOR anything; it’s a rally AGAINST Muslims and American values,” said Rabiah Ahmed, a spokeswoman for the Muslim Public Affairs Council.

“We know that the views expressed by these hate groups do not reflect the vast majority of Americans,” she added, “and we know that groups like this are only blinded by their extreme hate and ignorance.”

 

Story 2: President Trump On New Infrastructure and Regulation: Public Private Partnerships or Crony Capitalism? 

“In this present crisis, government is not the solution to our problem; government is the problem.”

~President Ronald Reagan

January 20, 1981: From Reagan’s Inaugural Address.

“Prosperity is the best protector of principle.”

~ Mark Twain

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Donald Trump: An American Crony Capitalist?

Is Trump’s $1 Trillion Infrastructure Plan A Scam?

How Trump’s Trillion-Dollar Infrastructure Plan Could Succeed

Trump launches week focused on improving US infrastructure

President Trump Participates in the Roads, Rails, and Regulatory Relief Roundtable

President Trump Full Speech @ Department of Transportation 6/9/17

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The Pronk Pops Show 906, June 7, 2017, Story 1: Will Congress Reauthorize Section 702 Foreign Intelligence Surveillance Act? Yes with changes to protect the privacy of American People. — How About Executive Order 12333 That Allow The President To Target Americans Without A Warrant — Unconstitutional and Illegal — Happens Every Day! — Oversight My Ass –Videos — Story 2: National Security Agency Under Obama Spied On American People —  Obama’s Abuse of Power — Huge Scandal Ignored By Big Lie Media — Videos — Story 3: President Trump To Nominate Christopher A. Wray For FBI Director — Videos

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Story 1: Will Congress Reauthorize Section 702 Foreign Intelligence Surveillance Act? Yes with changes to protect the privacy of American People — How About Executive Order 12333 That Allows The President To Target American Citizens Without A Warrant — Unconstitutional and Illegal — Happens Every Day! — Oversight My Ass –Videos

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FISA: 702 Collection

In 2008, Congress passed a set of updates to the Foreign Intelligence Surveillance Act (FISA), including Section 702 which authorized warrantless surveillance of non-U.S. persons reasonably believed to be outside the country. However, documents leaked by Edward Snowden revealed that 702 was being used far more heavily than many expected, serving as the legal basis for the collection of large quantities of telephone and Internet traffic  passing through the United States (and unlike 215, including content rather than just metadata). Still, as 702 only permits overseas collection, most criticism of the provision has come from abroad. But many domestic privacy advocates also worry that large amounts of American communication are being swept up “incidentally” and then used as well.

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Section 702 of the FISA Amendments Act

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