The Pronk Pops Show 1375, December 13, 2019, Story 1: House Judiciary Committee 21 Democrats Vote For Impeachment and 17 Republicans Vote Against Impeachment of President Trump — Videos — Story 2: Congress Will Pass Budget Busting Omnibus Bill — Vote Democrats and Republicans Who Vote For Omnibus Spending Bill Out of Office For Financial Irresponsibility –Trump Must Veto Bill or Lose Support of Independents — Fiscal Year 2020 Budget Deficit Will Exceed $1,000 Billion — Videos

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Story 1: House Judiciary Committee 21 Democrats Vote For Impeachment and 17 Republicans Vote Against Impeachment of President Trump — Videos

Real Abuse of Power — Obama Administration

Bartiromo on FISA abuse: The lies are real, people will be prosecuted

Fitton accuses Comey of ‘directly’ spying on Trump

Brit Hume on Comey’s role in FISA misconduct

Trey Gowdy: Comey has lost his mind

Gaetz: Voting out Dems in 2020 is only way to ‘rebuild Congress’

Trish Regan: Comey should be held accountable

Tucker: Impeachment is a terrible idea for the country

No Abuse of Power — No Crime — Trump Administration

Ted Cruz lays out impeachment trial in the Senate

FIRED UP: Debbie Lesko says there’s NO PROOF Trump committed any impeachable offense

Collins on Senate denying Dem witnesses: ‘Welcome to the club, Mr. Schumer’

Doug Collins: Schiff, Pelosi, Nadler are acting like ‘petulant children’

RAILROADED: Doug Collins GOES OFF On Impeachment “Witch Hunt”

Gaetz on impeachment: Dems failed to meet the standards they set

Tomi Lahren rips impeachment push: Americans are ‘fed up’

House GOP speak after debating Trump articles of impeachment

The Five’ on Trump’s blistering letter to Pelosi

‘The Five’ breaks down the historic Trump impeachment debate

Giuliani admits to forcing out Yovanovitch: ‘She’s corrupt’

Steyn: Only proof Trump stole 2016 election is that he won it

PBS NewsHour West live episode, Dec 13, 2019

Ted Cruz lays out impeachment trial in the Senate

Trump approval rises, support for impeachment drops in new poll

A new poll released hours before the Democratic-controlled House of Representatives was poised to impeach President Trump indicates that by a slight 51-45 percent majority, Americans oppose removing the president from office.

The survey – released Wednesday morning by Gallup – also points to a drop in support for impeachment from October, when the inquiry into Trump got underway. At that time, according to Gallup, Americans supported impeachment by a 52-46 margin. And the poll, which was conducted Dec. 2-15, indicates that the Republican incumbent’s approval rating has edged up the past two months – from 39 percent in October to 45 percent now – as the House held blockbuster public hearings.

FOX NEWS POLL: TRUMP APPROVAL RATING TICKS UP AS IMPEACHMENT VIEWS REMAIN STEADY

The Gallup survey is one of seven live telephone operator national polls on impeachment that were conducted this month and released starting on Sunday. Some of the surveys indicate a slight deterioration in support for impeachment since October, with the others showing that support and opposition have remained mostly static.

The president, though, has played up the polls heavily, tweeting Friday that “Poll numbers have gone through the roof in favor of No Impeachment.”

While all the surveys indicate a deep partisan divide between Democrats and Republicans over impeachment, most of the polls suggest that a majority of independent voters oppose booting Trump from the White House.

Surveys from Quinnipiac University, Gallup, PBS/NPR/Marist, and USA Today/Suffolk University all point to a majority of independents opposed to impeaching and removing the president from office. Polls from Fox News and CNN indicate that independents are evenly divided.

And the polls also spotlight a gender divide – with majorities of men opposing and women supporting – on impeaching and removing Trump from the White House.

The surveys also show an uptick in the president’s approval rating from October to December.

THE LATEST FROM FOX NEWS ON THE TRUMP IMPEACHMENT

The president faces two articles of impeachment – that he abused the powers of his office and that he obstructed Congress as it investigated him. Impeachment by the Democratic majority in the House would trigger a Senate trial, which would likely be held in January. The GOP-controlled Senate is expected to acquit Trump.

The president’s facing impeachment over his July 25 call with Ukrainian President Volodymyr Zelensky in which he urged Zelensky to investigate former Vice President Joe Biden and his son Hunter over their dealings in the eastern European country. Biden is one of the top Democratic 2020 presidential contenders hoping to challenge Trump in next year’s election. Fueled by whistleblower complaints, a transcript of the call released by the White House, and testimony by witnesses in the inquiry, Democrats say that the president was asking a foreign country to potentially interfere in a U.S. election.

Adding to the controversy was the fact that before that phone call, millions in U.S. military aid to Ukraine was put on hold. Despite allegations that the president was using that money as leverage, Trump has repeatedly insisted that he did nothing wrong. He’s said there was no “quid pro quo” and has on numerous occasions described his conversation with the Ukrainian leader as “perfect.”

On Monday morning, the president took to Twitter to call the Democrats’ impeachment push the “greatest con job in the history of American politics!”

On the eve of his impeachment by the House, President Donald Trump sent a blistering letter to Speaker Nancy Pelosi — airing his grievances with her and the broader Democratic Party while insisting that the actions taken on Wednesday will doom her to the dustbin of history.

I went through the letter — which, from its first words, you can tell has the President’s rhetorical fingerprints all over it — and highlighted some of the most, uh, important lines. They’re below.

The 30 most blistering lines from Donald Trump’s unhinged letter to Nancy Pelosi

THE POINT — NOW ON YOUTUBE!

In each episode of his weekly YouTube show, Chris Cillizza will delve a little deeper into the surreal world of politics. Click to subscribe!

1. “This impeachment represents an unprecedented and unconstitutional abuse of power by Democrat Lawmakers, unequaled in nearly two and a half centuries of American legislative history.”
So, two things. One, impeachment is built into the Constitution and two past presidents have been impeached by the House. Two, it’s “Democratic lawmakers” not “Democrat Lawmakers.” And away we go!
2. “You have cheapened the importance of the very ugly word, impeachment!”
Like I said: You can clearly see Trump’s involvement in the letter.
3. “By proceeding with your invalid impeachment, you are violating your oaths of office, you are breaking your allegiance to the Constitution, and you are declaring open war on American Democracy.”
Wow. Lot to unpack here. Whether or not Trump likes it, the House is tasked with carrying out impeachment if a majority of members believe it is warranted. So, it’s not “invalid.” As for “declaring open war on American Democracy,” well, Trump never pretended to be understated.
4. “You dare to invoke the Founding Fathers in pursuit of this election-nullification scheme?”
There’s almost never a good time for the “how dare you?” construction.
5. “Even worse than offending the Founding Fathers, you are offending Americans of faith by continually saying you pray for the President when you know this statement is not true, unless it is meant in a negative sense.”
WHOA BOY. So, Trump knows Pelosi doesn’t actually pray for him? How? Did he someone eavesdrop on her prayers? Also, what is the “negative sense” of praying? I spent more time than I’d like to admit thinking about this and decided that Trump is suggesting that if Pelosi prays for him, it’s for his demise. I think.
6. “It is a terrible thing you are doing, but you will have to live with it, not I!”
Nothing is ever Trump’s fault. Ever.
7. “Fortunately, there was a transcript of the conversation taken, and you know from the transcript (which was immediately made available) that the paragraph in question was perfect.”
What would a perfect paragraph look like? Do we even know? Anywho, here are 4 facts from that July 25 phone call between Trump and Ukrainian President Volodymyr Zelensky: a) Trump tells Zelensky that the US does a lot for Ukraine b)Trump reminds Zelensky that Ukraine doesn’t reciprocate c) Trump asks Zelensky for a favor: to look into a debunked conspiracy theory that the hacked Democratic National Committee server is in Ukraine and d) Trump asks Zelensky to look into Joe and Hunter Biden. To my mind, the White House transcript of that call reads more like a smoking gun than an exoneration.
8. “I said to President Zelensky: would like you to do us a favor, though, because our country has been through a lot and Ukraine knows a lot about it? I said do us a favor, not me and our country, not a campaign.”
Trump didn’t start making this “me” versus “us” argument until the past few weeks. But even putting that aside, the two things he asks of Zelensky (whereabouts of DNC server and investigation into the Biden) were not mentioned at all in Trump’s notes for the call, which were supposed to focus, generally speaking, on the country’s corruption problems.
9. “You are turning a policy disagreement between two branches of government into an impeachable offense.”
At issue is not the separation of powers or even really a disagreement. The issue is whether a president can ask a foreign country to investigate one of his potential political rivals. And, even if he can do it, should he?
10. “You know full well that Vice President Biden used his office and $1 billion dollars of US aid money to coerce Ukraine into firing the prosecutor who was digging into the company paying his son millions of dollars.”
Reminder: Biden called for the firing of Ukraine’s top prosecutor as part of an international coalition designed to address corruption in the country. There is no evidence of any wrongdoing in Ukraine by Joe or his son Hunter Biden.
11. “Now you are trying to impeach me by falsely accusing me of doing what Joe Biden has admitted he actually did.”
Apples and oranges here. Again, Biden called for the firing of the prosecutor as part of a coordinated — and transparent — strategy to address corruption in Ukraine. Trump got on the phone with the Ukrainian president and, contrary to the notes prepared for him in advance of the meeting, freelanced to ask him to investigate one of his main rivals for the GOP nomination.
12. “President Zelensky has repeatedly declared that I did nothing wrong, and that there was ‘No Pressure.'”
Zelensky is no dummy! He knows he needs future aid from the US in order to fight the Russians at his borders. Given that, why would he piss Trump off by saying he felt pressure? Also, not for nothing: Why is “No Pressure” capitalized?
13. “Ambassador Sondland testified that I told him: ‘No quid pro quo. I want nothing. I want nothing. I want President Zelensky to do the right thing, do what he ran on.'”
Yes, Trump did tell US Ambassador to the European Union Gordon Sondland that. After the White House had been made aware that Congress was looking into the withholding of military aid. So….
14. “Your chosen candidate lost the election in 2016, in an Electoral College landslide (306-227), and you and your party have never recovered from this defeat.”
The 2016 election ended 1,134 days ago.
15. “You have developed a full-fledged case of what many in the media call Trump Derangement Syndrome and sadly, you will never get over it!”
An incurable case of TDS??? Call the CDC, STAT.
16. “You view democracy as your enemy!”
Just a reminder here: This is the President of the United States, on official White House stationery, telling the Speaker of the House that she believes democracy is the “enemy.” Very normal! Nothing to see here!
17. “As you know very well, this impeachment drive has nothing to do with Ukraine, or the totally appropriate conversation I had with its new president.”
Wait. Is this the “perfect” conversation? Or are we referring to another “totally appropriate” conversation here? Either way, Trump did nothing wrong! Ever!
18. “Congressman Adam Schiff cheated and lied all the way up to the present day, even going so far as to fraudulently make up, out of thin air, my conversation with President Zelensky of Ukraine and read this fantasy language to Congress as though it were said by me.”
This claim, which Trump repeats constantly, makes me insane. Because it’s just wrong. Here’s what Schiff said before paraphrasing what was in the July 25 phone call: “In not so many words, this is the essence of what the President communicates.” He literally makes clear that he is paraphrasing Trump, not directly quoting him. Why is this a thing???
19. “You conducted a fake investigation upon the democratically elected President of the United States, and you are doing it yet again.”
To be clear: Pelosi had zero to do with the special counsel investigation into Russian interference in the 2016 election. That was the Justice Department under Trump. Also, that investigation wasn’t “fake” — it led to a number of arrests and prison sentences, not to mention documenting the deep and broad efforts of the Russian government to meddle in the 2016 election to help Trump and hurt Hillary Clinton.
20. “And by the way, when I speak to foreign countries, there are many people, with permission, listening to the call on both sides of the conversation.”
Again, Trump misses the point here. The issue is not that other people were listening. The issue is what he told Zelensky — even with people listening! If he talks like that when he knows people are on the line, how does he talk on the sidelines of summits and the like when there are far less staff nearby?
21. “You are the ones interfering in America’s elections. You are the ones subverting America’s Democracy.”
I am rubber and you are glue. Whatever you say bounces off me and sticks to you.
22. “If you truly cared about freedom and liberty for our Nation, then you would be devoting your vast investigative resources to exposing the full truth concerning the horrifying abuses of power before, during, and after the 2016 election — including the use of spies against my campaign.”
There has never been a shred of evidence that spies were used against Trump’s campaign. In fact, in the report released by Justice Department Inspector General Michael Horowitz earlier this month, it’s made quite clear there is zero evidence of spies being sicced on the Trump campaign.
23. “Any member of Congress who votes in support of impeachment against every shred of truth, fact, evidence, and legal principle, is showing how deeply they revile the voters and how truly they detest America’s Constitutional order.”
“Detest America’s Constitutional order”? Really?
24. “In other words, once the phone call was made public, your whole plot blew up, but that didn’t stop you from continuing.”
As I wrote at the time, the transcript of the July 25 phone call is pretty damn close to a smoking gun against Trump.
25. “More due process was afforded to those accused in the Salem Witch Trials.”
Uh, paging John Proctor
26. “This is nothing more than an illegal, partisan attempted coup that will, based on recent sentiment, badly fail at the voting booth.”
Definitely not illegal! Or a coup!
27. “Your legacy will be that of turning the House of Representatives from a revered legislative body into a Star Chamber of partisan persecution.”
Not to be a contrarian here, but pretty sure that no matter what happens with impeachment, Pelosi’s legacy will be as the first female Speaker of the House.
28. “You apparently have so little respect for the American People that you expect them to believe that you are approaching this impeachment somberly, reservedly, and reluctantly. No intelligent person believes what you are saying.”
Really? And how did Trump learn to glean people’s “real” motives? Is that some sort device you can buy on Amazon? If so, send me a link!
29. “I write this letter to you for the purpose of history and to put my thoughts on a permanent and indelible record.”
“This will go down on your permanent record.” — The Violent Femmes
30. “One hundred years from now, when people look back at this affair, I want them to understand it, and learn from it, so that it can never happen to another President again.”
Yeah, this feels like a good place to end.

 

Story 2: Congress Will Pass Budget Busting Omnibus Bill — Vote Democrats and Republicans Who Vote For Omnibus Spending Bill Out of Office For Financial Irresponsibility –Trump Must Veto Bill or Lose Support of Independents — Fiscal Year 2020 Budget Deficit Will Exceed $1,000 Billion — Videos

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Breaking down the House’s massive government spending bill

House passes nearly $1.4 trillion spending bill, avoids govt shutdown

USA: House approves $1.4 trillion spending bill to avoid govt shutdown

House passes $1.4 trillion federal spending bill

Sec. Mnuchin testifies before a Senate Appropriations subcommittee on the 2020 budget (FULL)

Funding the Government: The Budget Process and Omnibus Spending Bills [Article I Initiative]

House approves $1.4 trillion spending bill, repealing ObamaCare taxes

The Democratic-controlled House on Tuesday approved a $1.4 trillion federal spending bill to avoid a government shutdown that includes funding for President Trump’s border wall, strips ObamaCare taxes, raises the minimum age for buying tobacco products and gives Democrats increases for a variety of other domestic programs.

The House – as it prepares to vote on articles of impeachment against President Trump – approved all 12 spending bills. They now go to the Senate to sync up later this week.

TRUMP TELLS PELOSI IN BLISTERING LETTER THAT DEMS HAVE ‘CHEAPENED THE IMPORTANCE’ OF IMPEACHMENT

“I am proud that we were able to come together, negotiate our differences, and reach a bipartisan agreement that makes investments to strengthen our nation and give every American a better chance at a better life,” said New York Democratic Rep. Nita Lowey, the chairwoman of the House Appropriations Committee.

The deadline to fund the government is Dec 20. These bills would fund the government for the rest of fiscal 2020, through Sept 30.

The hard-fought legislation also funds a record Pentagon budget and is serving as a must-pass legislative locomotive to tow an unusually large haul of unrelated provisions into law, including an expensive repeal of Obama-era taxes on high-cost health plans, help for retired coal miners, and an increase from 18 to 21 for the nationwide legal age to buy tobacco products.

The White House said Tuesday that Trump will sign the measure.

“The president is poised to sign it and to keep the government open,” said top White House adviser Kellyanne Conway.

CLICK HERE TO GET THE FOX NEWS APP

The roster of add-ons grew over the weekend to include permanent repeal of a tax on high-cost “Cadillac” health insurance benefits and a hard-won provision to finance health care and pension benefits for about 100,000 retired union coal miners threatened by the insolvency of their pension fund. A tax on medical devices and health insurance plans would also be repealed permanently.

The deficit tab for the package grew as well with the addition of $428 billion in tax cuts over 10 years to repeal the three so-called ObamaCare taxes.

The legislation is laced with provisions reflecting divided power in Washington. Republicans maintained the status quo on several abortion-related battles and on funding for Trump’s border wall. Democrats controlling the House succeeded in winning a 3.1 percent raise for federal civilian employees and the first installment of funding on gun violence research after more than two decades of gun lobby opposition.

Meanwhile on Tuesday, the Democrat-led House Rules Committee on Tuesday dove into a marathon session to prepare the ground rules for what is likely to be a furious showdown vote on the House floor to adopt articles of impeachment against Trump.

The panel’s meeting lays the procedural groundwork for the House debate on Wednesday, outlining the timetable and other factors for the historic and divisive moment in Washington.

https://www.foxnews.com/politics/house-approves-1-4-trillion-spending-bill-avoiding-government-shutdown

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The Pronk Pops Show 1366, December 2, 2019, Story 1: The Day of Reckoning Is Approaching And Not A Word Is Spoken — Videos — Story 2: Democrats Trying To Talk and Tank The Economy Into a Recession — Big Failure — Economy Still Growing — Videos — Story 3: Federal Reserve Intervenes and Adds More Liquidity or Money Into Economy — Overnight and 42-Day Term Repos Madness Bubble — Return of Quantitative Easing? –Videos — Story 4: Department of Justice Inspector General Michael Horowitz Report Will Be Released on December 9 and Horowitz Will Testify Before Senate Judiciary Committee December 11, 2019 — Videos — Story 5: Lisa Page Role in Foreign Intelligence Surveillance Act (FISA) Court Warrant Application Process? — Videos

Posted on December 4, 2019. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Abortion, Addiction, Addiction, Addiction, American History, Anthropology, Banking System, Barack H. Obama, Bill Clinton, Blogroll, Books, Breaking News, Bribery, Bribes, Budgetary Policy, Business, Cartoons, Central Intelligence Agency, Clinton Obama Democrat Criminal Conspiracy, Coal, Communications, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Deep State, Defense Spending, Disasters, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Economics, Education, Elections, Empires, Employment, Energy, European History, Federal Bureau of Investigation (FBI), Federal Government, Fiscal Policy, Fraud, Freedom of Speech, Government Dependency, Hillary Clinton, History, House of Representatives, Human, Illegal Immigration, Immigration, Impeachment, Independence, James Comey, Labor Economics, Law, Legal Immigration, Life, Liquid Natural Gas (LNG), Lying, Media, Medicare, Mental Illness, Military Spending, Monetary Policy, National Interest, National Security Agency, Natural Gas, News, North Atlantic Treaty Organization (NATO), Oil, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Public Relations, Raymond Thomas Pronk, Robert S. Mueller III, Rule of Law, Scandals, Science, Security, Senate, Social Networking, Social Sciences, Spying, Spying on American People, Subornation of perjury, Success, Surveillance and Spying On American People, Surveillance/Spying, Tax Fraud, Tax Policy, Taxation, Taxes, Technology, Trade Policy, Treason, Trump Surveillance/Spying, Unemployment, United States of America, Videos, Wall Street Journal, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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Pronk Pops Show 1366 December 2, 2019

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Story 1: The Day of Reckoning Is Approaching And Not A Word Is Spoken — National Debt More Than $23 Trillion — Plus Unfunded Obligations  Estimates Over $100 Trillion to Over $200 Trillion — Videos —

 

U.S. National Debt Clock

https://www.usdebtclock.org/

See the source image

The National Debt Is Now More than $23 Trillion

Financials are spinning out of control in Washington: David Walker

Dec 22, 2017
Former U.S. Comptroller General David Walker on the need to reduce the government debt.

With low interest rates, pressure of national debt goes away: Brookings Institution’s Wessel

Ray Dalio: US has a real problem in terms of the quantity of debt we are going to have to sell to…

Keiser Report 1467

Peter Schiff Predicts US Bankruptcy – Is He Right? (ANSWER REVEALED)

How Negative Interest Rates Work (And What They Would Mean for the Economy)

What Would Negative Interest Rates Mean For Consumers And The Economy?

Negative Rates ‘Distort’ Everything: Warren Buffett | CNBC

10 Myths About Government Debt

Deficits and debt | AP Macroeconomics | Khan Academy

 

Story 2: Democrats Trying To Talk & Tank The Economy Into a Recession — Big Failure — Economy Still Growing — Videos

Ingraham: An animated series of failures

How the Fed creates free money for big banks, CEOs and billionaires

 

 

 

Trillion-dollar deficits as far as the eye can see, and hardly a voice of caution to be heard

In the old days, a decade or so ago, Democrats would have assailed Donald Trump‘s failure on federal deficits; instead of eliminating it, as promised, the deficit has doubled to a trillion dollars as far as the eye can see.

Republicans would be in full fury over the spending schemes of Democratic presidential candidates; even the mainstream moderates propose huge increases for health care, education and the social safety net for the disadvantaged.

Yet deficits, as a political issue, are dead.

The political impact always was exaggerated, but out-of-control deficits were a staple of opposition rhetoric. There invariably was some budget-balancing blue-ribbon group, the most famous being the Simpson-Bowles Commission.

For Democrats, the pressing urgency of unmet needs in health care, education, infrastructure and the social safety net far outweigh any rising debt. They favor tax hikes, mainly on the rich, to reverse the huge 2017 Republican tax cuts, but there’s less premium on the green eyeshade test of paying for all spending initiatives.

Most Republicans strongly want to keep those tax cuts — the only significant achievement of three years of party rule — and have little interest in tackling politically popular entitlements. In the years the Republican Party controlled both houses of Congress and the White House, it focused only on gutting the Affordable Care Act.

This has become the Trump Party, which overshadows the old Republican battle lines between budget balancers and tax cutters. This Republican executive is a tax cutter and budget buster.

As well as the politics, Democrats have a strong policy basis for their position. Early this year, the two most prominent Democratic economists — former Treasury Secretary Larry Summers and Jason Furman, chairman of the Council of Economic Advisers, both under Barack Obama — wrote an influential article citing structural declines in interest rates. This means that “policymakers should reconsider the traditional fiscal approach that has often wrong-headedly limited worthwhile investments in such areas as education, health care and infrastructure,” they said.

“Politicians and policymakers should focus on urgent social programs, not deficits,” they advised.

They don’t go as far as the Modern Monetary Theorists who basically argue the sky is the limit on debt unless inflation takes off. Instead, Summers and Furman claim a key is that the federal debt — as a percentage of the economy — stays at a relatively stable 3 percent to 4 percent, where it has been for the past five years.

The Republican deficits hawks, most recently former House Speaker Paul Ryan, have been rendered obsolete, as least as long it’s the party of Trump.

Even back in the 1970s, however, some Republicans embraced what supply-side propagandist Jude Wanniski called the “Two-Santa Theory” — namely, to counter Democrats’ support for popular spending programs, Republicans should favor huge tax cuts without concern for the deficit. (Ronald Reagan once joked he didn’t worry about the deficit, as it was “big enough to take care of itself.”)

Moreover, the Republican cries about the evils of big deficits have been more rhetorical than real, although the general perception of Democrats as more fiscally profligate is a canard.

Under Reagan and George H.W. Bush, the federal budget deficit doubled. The deficit was $255 billion when Bill Clinton came into office; at the end of his term, there were four straight small surpluses. (This along with the surplus at the end of Lyndon Johnson’s presidency are the only ones in the last 60 years.)

The deficit also soared under George W. Bush, especially at the end of his term, with the economic crisis.

Obama inherited a massive $1.4 trillion shortfall and in eight years cut it by 60 percent.

The shortfall has doubled under Trump.

As a percentage of the economy, however, it has risen from 3 percent in the final Obama year to a bit more than 4 percent now.

Even Washington’s most stalwart and consistent fiscal hawk, Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, acknowledges the budget deficit isn’t a top policy concern right now “as low interest rates buy us some time.”

However, she cautions that the fiscal situation “is the worst it has been since just after World War II,” adding, “No one knows when the tipping point is or what it looks like, but those are questions we shouldn’t want to find the answers to.”

Albert R. Hunt is the former executive editor of Bloomberg News. He previously served as reporter, bureau chief and Washington editor for the Wall Street Journal. For almost a quarter-century he wrote a column on politics for The Wall Street Journal, then the International New York Times and Bloomberg View. Follow him on Twitter @alhuntdc.

https://thehill.com/opinion/campaign/472480-trillion-dollar-deficits-as-far-as-the-eye-can-see-and-not-a-voice-of

Story 3: Federal Reserve Intervenes and Adds More Liquidity or Money Into Economy — Overnight and 42-Day Term Repos Madness Bubble — Return of Quantitative Easing? –Videos —

See the source image

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Fed is in a ‘lose, lose, lose situation,’ says Mohamed A. El-Erian

Repo Madness: Up to $300 Billion Per Day As First 42 Day Term Repo Kicks In Going Into 2020!

Repo: How Roughly $1 Trillion Moves Overnight | WSJ

How the Fed creates free money for big banks, CEOs and billionaires

The ‘repo’ market explained

The Central Banks’ Monetary Policy Is Backfiring (w/ Simon White)

 

New York Fed Adds Liquidity Amid Heavy Demand for Year-End Funding

Interventions ensure markets have enough liquidity and short-term borrowing rates remain well-behaved

The Federal Reserve Bank of New York intervened in financial markets again Monday. PHOTO: EDUARDO MUNOZ/REUTERS

The Federal Reserve Bank of New York again saw very strong demand for liquidity aimed at helping financial markets navigate the turn of the year.

The demand once again arrived as the Fed added temporary liquidity to financial markets Monday. All together the central bank pumped in $97.9 billion in two parts. One was via overnight repurchase agreements, or repos, that totaled $72.9 billion. The other was via 42-day repos.

While the Fed took all the securities that dealers offered it for the overnight repo, the longer-term operation saw eligible banks offer $42.55 billion in securities versus the $25 billion the Fed took. That level of interest was a replay from the last 42-day repo operation held Nov. 25, when eligible banks submitted $49.05 billion in securities against the $25 billion the central bank accepted.

The robust demand for year-end liquidity could alter the path of future longer-term Fed interventions and induce the central bank to increase their size. Central banks want to ensure that markets remain well behaved over year end, and they have signaled they will be flexible in achieving that. The Fed has already increased the size of other temporary operations, making it possible future term operations could be bigger as well.

The Repo Market, Explained

The Repo Market, Explained
The repo market shook the financial world in September when an unexpected rate spike choked short-term lending, spurring the Federal Reserve to intervene. WSJ explains how this critical, but murky part of the financial system works, and why some banks say the crunch could have been prevented. Illustration: Jacob Reynolds for The Wall Street Journal

Fed repo interventions take in Treasury and mortgage securities from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the securities.

The Fed’s interventions are aimed at ensuring that the financial system has enough liquidity and that short-term borrowing rates remain well-behaved, with the central bank’s federal-funds rate staying within the 1.5%-to-1.75% target range. The effective fed-funds rate stood at 1.56% on Friday. The broad general collateral rate for repo trading stood at 1.62%, also for Tuesday.

The Fed has been intervening in markets in the current fashion since mid-September, when short-term rates unexpectedly shot up on a confluence of factors, although it has used similar operations for decades to manage short-term rates.

Since the large interventions started, money-market rates have been well-behaved. The Fed is using temporary operations to tamp down any possible volatility, while purchasing Treasury bills to build up reserves in the banking system. It hopes that by buying Treasury bills it will be able to cut back on repo interventions at the start of next year.

The Fed currently expects to buy Treasury bills through the middle of next year.

https://www.wsj.com/articles/new-york-fed-adds-97-9-billion-to-markets-11575301812

Write to Michael S. Derby at michael.derby@wsj.com

Story 4: Department of Justice Inspector General Michael Horowitz Report Will Be Released on December 9 and Horowitz Will Testify Before Senate Judiciary Committee December 11, 2019 — Videos —

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‘They Tried to Overthrow the Presidency’: Trump Says Results of IG’s Report Could be ‘Historic’

FBI official allegedly altered document in Russia probe: Report

 

DOJ Inspector General to testify on alleged 2016 campaign spying

IG Horowitz to testify on Russia probe, FISA abuse

TRUMP PROBE REPORT AND HEARING – DECEMBER 9/11, 2019

DiGenova: Comey, Clapper and Brennan will have to pay the ‘Barr bill’

 

Jason Chaffetz: FBI deep state clear – will FISA report finally lead to action?
Jason Chaffetz By Jason Chaffetz | Fox News

PROGRAMMING ALERT: Watch Jason Chaffetz discuss this op-ed and much more on “Mornings with Maria” on Monday, December 2.

Following a series of four damning inspector general reports over the last two years, there is little doubt the senior leadership of the Obama-era FBI was weaponized in the service of the Democratic Party. But as America awaits what many expect to be the most damning investigation of all, it’s fair to ask what has been done to rein in our rogue FBI.

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The report on FISA abuse set for release on Dec. 9 is expected to show how the FBI used the Foreign Intelligence Surveillance Act (FISA) to spy on American citizens affiliated with the Trump campaign in 2016. As damning as such a conclusion would be, it will only be the latest in a series of explosive revelations from the Department of Justice Inspector General (IG) Michael Horowitz, some of which got muted coverage from the mainstream press. Advance leaks suggest the upcoming report will, at a minimum, show an FBI lawyer illegally altered documents to justify a FISA application.

Even before next week’s anticipated release, we already have IG reports implicating the FBI director, assistant director, deputy assistant director, and chief of the counterintelligence section. Though none of them remain at the bureau, we have seen little reassurance from current FBI Director Christopher Wray that the culture they created has changed.

REPS. BIGGS & PERRY: IMPEACHMENT INQUIRY SHOWS DEEP STATE CONTINUES TO UNDERMINE TRUMP

Thus far, no one has been prosecuted, despite a long string of damaging reports and referrals. An IG can make a recommendation but it is up to the DOJ to prosecute, even if it is one of their own.

A 63-page report released last month found “numerous issues” with the FBI’s use of confidential sources during a period that included the 2016 election. That report revealed that the FBI lacked appropriate procedures to vet and maintain oversight of sources like the ones used against the Trump campaign. This created a security risk for the United States. Yet no prosecutions have been announced.

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Last August, an even more serious finding was released when the IG determined that the FBI director himself had violated FBI policy and the terms of his own employment agreement in disseminating classified information for release to the media. Though the DOJ could have prosecuted based on the report’s findings, it declined to do so.

More from Opinion

A May 2019 IG report implicated the FBI deputy assistant director for unauthorized contacts with the media, illegally disclosing sealed court documents and other sensitive information to the media, and accepting gifts from the media. The DOJ declined to prosecute. But why? The IG recommended prosecution.

The IG’s June 2018 probe into the Hillary Clinton email investigation implicated the FBI’s head of counterintelligence, Peter Strzok, of repeatedly articulating a strong political bias even as he headed up the investigation of Clinton’s exposure of classified information. The 500-page report, which reviewed 1.2 million documents and included interviews with more than 100 witnesses, documented numerous questionable decisions that benefited Clinton or damaged Trump, though the IG acknowledged the parties denied their political bias impacted their decisions.

The FBI is in shambles and there has been little to no public acknowledgment of the crisis by the current director. No work by him to stem this tide of political bias is evident to the public.

The report also highlighted an interoffice affair between Strzok and FBI lawyer Lisa Page, both of whom worked on the Clinton and Trump investigations. Next week’s IG report is also expected to document an affair between two other FBI lawyers who worked together on the FISA applications.

What is going on at the FBI and why no consequences for such blatant violations of internal policy and the law? And why did these vulnerabilities exist for so long without detection? No doubt adversarial intelligence agencies could have figured this out quite easily, making our intelligence operations vulnerable to exploitation.

Finally, an April 2018 report implicated FBI Assistant Director Andrew McCabe of inappropriately authorizing the disclosure of sensitive information to a reporter and repeatedly lying to investigators about it. The report found McCabe lied four times, three under oath, and that it was done “in a manner designed to advance his personal interests at the expense of Department leadership.” Though McCabe was fired, he wasn’t prosecuted.

What message does it send when the Justice Department protects its own?

The FBI is in shambles and there has been little to no public acknowledgment of the crisis by Director Wray. No work by him to stem this tide of political bias is evident to the public.

CLICK HERE TO GET THE FOX NEWS APP

With the release of next week’s FISA report, we must demand action by Wray. Given the well-documented wrongdoing by the previous FBI director, deputy director, deputy assistant director, the chief of counterintelligence, and evidently DOJ counsel, the American people are right to question the legitimacy of America’s federal law enforcement apparatus.

If the American people are going to regain confidence in the senior leadership of the FBI, the Justice Department will need to prosecute wrongdoing as they would if it weren’t one of their own. Until then, questions of imbalance, favoritism and bias in one direction will persist. Certainly, we deserve better.

https://www.foxnews.com/person/c/jason-chaffetz

 

Story 4: Lisa Page Role in Foreign Intelligence Surveillance Act (FISA) Court Warrant Application Process? — Videos

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Lisa Page Breaks Silence On Trump’s DISGUSTING Behavior

Trump viciously mocks Strzok, Page at Minneapolis rally

Rep. Biggs: Lisa Page once engaged in FBI cabal, now playing the victim

Whitaker: Lisa Page made calculated move to front run IG report

 

Lisa Page Speaks: ‘There’s No Fathomable Way I Have Committed Any Crime at All’

STRIKING BACK

The former FBI lawyer and ongoing Trump target breaks two years of silence in this exclusive interview. And she has quite a lot to say.

It’s not often that you interview a subject who has no interest in being famous. But recently, I did just that when I sat down with Lisa Page the week before Thanksgiving in my hotel room in Washington, D.C. Page, of course, is the former FBI lawyer whose text-message exchanges with agent Peter Strzok that belittled Donald Trump and expressed fear at his possible victory became international news. They were hijacked by Trump to fuel his “deep state” conspiracy.

For the nearly two years since her name first made the papers, she’s been publicly silent (she did have a closed-door interview with House members in July 2018). I asked her why she was willing to talk now. “Honestly, his demeaning fake orgasm was really the straw that broke the camel’s back,” she says. The president called out her name as he acted out an orgasm in front of thousands of people at a Minneapolis rally on Oct. 11.

That was the moment Page decided she had to speak up. “I had stayed quiet for years hoping it would fade away, but instead it got worse,” she says. “It had been so hard not to defend myself, to let people who hate me control the narrative. I decided to take my power back.”

She is also about to be back in the news cycle in a big way. On Dec. 9, the Justice Department inspector general report into Trump’s charges that the FBI spied on his 2016 campaign will come out. Leaked press accounts indicate the report will exonerate Page of the allegation that she acted unprofessionally or showed bias against Trump.

How does it feel after all this time to finally have the IG apparently affirm what she’s been saying all along? She said she wouldn’t discuss the findings until they were officially public, but she did note: “While it would be nice to have the IG confirm publicly that my personal opinions had absolutely no bearing on the course of the Russia investigations, I don’t kid myself that the fact will matter very much for a lot of people. The president has a very loud megaphone.”

Page, 39, is thin and athletic. She speaks in an exceedingly confident, clear, and lawyerly way. But having been through the MAGA meat grinder has clearly worn her down, not unlike the other women I’ve met who’ve been subjected to the president’s abuse.  She is just slightly crumbly around the edges the way the president’s other victims are.

My heart drops to my stomach when I realize he has tweeted about me again.

“It’s almost impossible to describe” what it’s like, she told me. “It’s like being punched in the gut. My heart drops to my stomach when I realize he has tweeted about me again. The president of the United States is calling me names to the entire world. He’s demeaning me and my career. It’s sickening.”

“But it’s also very intimidating because he’s still the president of the United States. And when the president accuses you of treason by name, despite the fact that I know there’s no fathomable way that I have committed any crime at all, let alone treason, he’s still somebody in a position to actually do something about that. To try to further destroy my life. It never goes away or stops, even when he’s not publicly attacking me.”

Does it affect you in your normal day-to-day life?

“I wish it didn’t,” she said. “I’m someone who’s always in my head anyway—so now otherwise normal interactions take on a different meaning. Like, when somebody makes eye contact with me on the Metro, I kind of wince, wondering if it’s because they recognize me, or are they just scanning the train like people do? It’s immediately a question of friend or foe? Or if I’m walking down the street or shopping and there’s somebody wearing Trump gear or a MAGA hat, I’ll walk the other way or try to put some distance between us because I’m not looking for conflict. Really, what I wanted most in this world is my life back.”

Rising Through the Ranks

Lisa Page did not aspire to fame or fortune. She was, she says, “one of those nerdy kids who from very early on knew I wanted work for the government and make the world a better place.” Born in the San Fernando Valley, she and her family moved to Ohio in her teens. She went to American University in Washington, D.C., and then moved back home to central Ohio to attend law school, living with her parents so she could save money.

After graduating from law school, she was one of an elite group selected for admission in the Department of Justice Honors Program in 2006—and the only woman in her class of five entering the Criminal Division. She worked as a federal prosecutor for six years before moving across the street to the FBI’s office of general counsel. Soon after her arrival, the deputy general counsel over national-security law hired her for a new special-counsel-type position in 2013.

Once there, her path begins to be set.

“I start [in the role] in early 2013, and there are two big events that kind of set the trajectory for the rest of my career at the FBI: the Boston bombing in April 2013, and Edward Snowden’s leaks in June of the same year,” she told me. “And those are both significant in their own ways, because the Boston bombing introduces me to Andy McCabe, who at the time was the head of the counterterrorism division at the FBI. Two months later, the Snowden leaks hit, which became a transformative moment for the intelligence community, setting off a series of reforms by the Obama administration with respect to the legal authorities that we rely on to collect intelligence.”

Eventually, she was asked to lead that effort, “which gives me a lot of exposure to senior FBI executives, as well as leaders through the IC, DOJ, and White House.”

Page continued to rise through the ranks of the FBI and was assigned to more significant and substantive work. She became close with McCabe. Eventually she became McCabe’s special counsel.

https://www.thedailybeast.com/lisa-page-speaks-theres-no-fathomable-way-i-have-committed-any-crime-at-all?ref=home

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The Pronk Pops Show 1278, June 20, 2019, Part 1– Story 1: President Trump: “Iran made a very big mistake” — Option A: Strong Message and Done , Option B: One Missile Attack and Done, Option C: Total War With Iran and World Recession Due To Spike in Oil and Gas Prices — Videos — Story 2: Federal Reserve Board Votes To Keep Federal Funds Target Range of 2.25% to 2.5% Waiting For July 2019 Jobs Report and Second Quarter Real GDP Growth Rate Number — Videos — Story 3: Creepy, Sleepy, Dopey Joey Biden in Praise of Civility of Democrat Segregationist Senators — Radical Extremist Democrats (REDS) Attack Biden — Videos — Part 2– Story 4: President Trump Pushes All The Right Buttons in 2020 Stump Speech in Orlando, Florida — Boom Boom Boom — Send Them Home — MAGA MAGA MAGA — Lock Them Up — Four More Years — Keep America Great — Win Win Win — Videos

Posted on June 20, 2019. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Abortion, Addiction, Addiction, Agenda 21, American History, Applications, Banking System, Barack H. Obama, Bernie Sanders, Bill Clinton, Blogroll, Bombs, Breaking News, Bribery, Bribes, Budgetary Policy, Business, Canada, Cartoons, Central Intelligence Agency, City, Climate Change, Clinton Obama Democrat Criminal Conspiracy, Coal, Coal, Communications, Computers, Congress, Consitutional Law, Corey Booker, Corruption, Countries, Crime, Cruise Missiles, Culture, Currencies, Deep State, Defense Spending, Diet, Disasters, Diseases, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Drones, Drugs, Eating, Economics, Elections, Elizabeth Warren, Empires, Employment, Energy, Environment, Eugenics, European Union, Federal Bureau of Investigation (FBI), Federal Government, Fifth Amendment, First Amendment, Fiscal Policy, Food, Foreign Policy, Former President Barack Obama, Fourth Amendment, Free Trade, Freedom of Speech, Gangs, Genocide, Germany, Government, Government Dependency, Government Spending, Great Britain, Hardware, Health, High Crimes, Hillary Clinton, Hillary Clinton, Hillary Clinton, History, House of Representatives, Housing, Human, Human Behavior, Illegal Drugs, Illegal Immigration, Illegal Immigration, Immigration, Independence, Insurance, Investments, Iran Nuclear Weapons Deal, Iraq, Islam, Islamic Republic of Iran, Islamic State, Israel, Israel, Joe Biden, Kamala Harris, Labor Economics, Language, Law, Legal Drugs, Legal Immigration, Life, Liquid Natural Gas (LNG), Lying, Media, Medicare, Medicine, Mental Illness, Military Spending, Monetary Policy, Movies, National Interest, Natural Gas, Natural Gas, News, North Atlantic Treaty Organization (NATO), North Korea, Nuclear, Nuclear, Nuclear Weapons, Obama, Obesity, Oil, Oil, People, Pete Buttigieg, Philosophy, Photos, Politics, Polls, President Trump, Privacy, Private Sector Unions, Pro Abortion, Pro Life, Progressives, Public Corruption, Public Relations, Public Sector Unions, Qatar, Radio, Raymond Thomas Pronk, Regulation, Religion, Resources, Robert S. Mueller III, Rule of Law, Saudi Arabia, Scandals, Second Amendment, Security, Senate, Servers, Social Security, Software, South Korea, Space, Spying, Spying on American People, Supplemental Nutrition Assistance Program (SNAP_, Surveillance and Spying On American People, Surveillance/Spying, Syria, Tax Fraud, Tax Policy, Taxation, Taxes, Terror, Terrorism, Trade Policy, Trump Surveillance/Spying, Turkey, U.S. Dollar, U.S. Space Program, Unemployment, Unions, United Nations, United States Constitution, United States of America, United States Space Force, United States Supreme Court, Venezuela, Videos, Violence, Wall Street Journal, War, Water, Wealth, Weapons, Weapons of Mass Destruction, Weather, Welfare Spending, Wisdom, Yemen | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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Pronk Pops Show 1278 June 20, 2019 

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Story 1: President Trump: “Iran made a very big mistake” — Option A: Strong Message and Done, Option B: One Missile Attack and Done, Option C: Total War With Iran and World Recession Due To Spike in Oil and Gas Prices — Videos —

Tucker: Washington is war-hungry

Pentagon releases footage of US drone being shot down by Iran

LIVE: President Trump first comments after Iran shoots down US Drone | June 20th 2019

US is bringing the Iranian economy to its knees: Nile Gardiner

Oil prices rise after Iran shoots down US drone

40% Chance of 2020 U.S.-Iran Military Conflict: Eurasia CEO

Iran shoots down US drone as tensions escalate

Video shows Iran shooting down US drone

Iran says it shot down US drone ‘violating Iranian air space’ amid growing tensions

Iran Shot Down U.S. Drone to Disrupt Trade in Persian Gulf, Senior U.S. Military Official Says

President Trump makes first comments after Iran shoots down U.S. Drone | ABC News Special Report

Iran says it’s ‘ready for war’

Iran shoots down US military spy drone | DW News

Iran says it will breach nuclear deal ‘in days’ as its uranium stockpile limit nears

Is The U.S. Going To War With Iran? | AJ+

Iran’s foreign minister accuses US, Mideast of provoking conflict

Iran’s Zarif thrashes Trump, “US driven by pathological obsession” (Munich Security Conference 2019)

Can air strikes take out Iran’s nuclear facilities?

Did Trump Just Blink or Bluff in Standoff With Iran?

Anthony Halpin

Bloomberg

Was it all a bluff? After news leaked that President Donald Trump approved and then called off U.S. airstrikes on Iran last night, it emerged he’d warned Tehran about an imminent attack while insisting he was against a war.

Today, as airlines began re-routing flights away from the Strait of Hormuz, Iran’s Foreign Ministry called in the Swiss ambassador, who also represents U.S. interests, for talks.

Was the outreach why Trump abandoned the strikes? Or was this the latest example of the whipsaw approach from a president who’s twice attacked Syria but also backed away from using force after lashing out at Iran and North Korea?

The leak of Trump’s about-face also speaks volumes about the battle for influence in the White House. Hardliners clearly thought they’d convinced him to back a tough response to Iran’s downing of a U.S. Navy drone. Yet Trump was elected on a pledge to pull out of Middle East wars.

The president, who governs with the cliffhanger style of his Apprentice TV show, thrives on keeping supporters hooked on dramatic twists.

But as his 2020 re-election campaign gains steam, the stakes now include the prospect of armed conflict and instability in a region that supplies a third of the world’s oil.

Global Headlines

Biden’s burden | Democratic front-runner Joe Biden is encountering the same pitfalls as other seasoned politicians who’ve found their experience and record can be a liability. The former Delaware senator’s struggles to defend his remarks this week about finding common ground with two segregationists is an early sign of the trouble he could have explaining a complicated voting record and his nostalgia for a Washington collegiality that has steadily diminished since he was first elected in 1972.

Border control | Trump praised Mexico’s efforts to crack down on migrants crossing the border into the U.S. after the two countries entered an agreement aimed at stemming the flow of people entering Mexico from Central America. Mexico will take greater control of its southern border and ask foreigners to register their arrival.

Osaka drama | Before Trump, Group of 20 summits were dull if worthy affairs. This year’s gathering in Osaka, Japan next week promises to be anything but, as the U.S. president holds talks with China’s Xi Jinping after threatening to escalate their trade conflict. The best-case scenario would be a pause in new U.S. tariffs and a resumption of negotiations that broke down in May. The worst-case would be a new Cold War between the two largest economies.

Favorites flushed | European Union leaders cast aside the candidates who’ve dominated the race to head the next EU Commission and will start from scratch less than two weeks before a self-imposed deadline. The decision at a summit in Brussels extends gridlock that has left investors in the dark over a series of critical posts including the next president of the European Central Bank.

Bad air | As climate change tops political agendas from Washington to New Delhi, there’s no solution in sight for the bad air choking Europe’s poorest countries. While the EU has focused mostly on stability in the volatile Balkans, health problems and lost productivity from air pollution cost the continent more than 10 billion euros a year. Obsolete coal plants and cars spew smog and hundreds of thousands of people burn tires, wood and trash to stay warm.

What to Watch

Boris Johnson and Jeremy Hunt will go head-to-head in the contest to become the U.K.’s next prime minister as they seek votes from the Conservative Party’s 160,000 grassroots members over the next month. Ukraine’s Constitutional Court threw out a challenge to a decree by President Volodymyr Zelenskiy ordering early parliamentary elections. The ruling confirmed a vote will take place next month and a new government should be in place by the fall. Turkey reruns the election for mayor of Istanbul on Sunday, pitting former prime minister and ruling AK Party candidate Binali Yildirim against opposition challenger Ekrem Imamoglu, who was stripped of his narrow victory in the March 31 ballot.

And finally…The U.K. is poised to generate more energy from low-carbon sources than from fossil fuels for the first time since the Industrial Revolution. Wind, solar, hydro and nuclear plants provided 48% of the nation’s power in the first five months of this year. The U.K. has gone without burning coal, the dirtiest fossil fuel, for the equivalent of 80 days so far in 2019, including one stretch of 18 days in a row.

–With assistance from Kathleen Hunter and Daniel Ten Kate.

https://news.yahoo.com/did-trump-just-blink-bluff-100815556.html

Trump says Iran made ‘big mistake’ by taking down US drone

today

President Donald Trump speaks during a meeting with Canadian Prime Minister Justin Trudeau in the Oval Office of the White House, Thursday, June 20, 2019, in Washington. Trump declared Thursday that “Iran made a very big mistake” in shooting down a U.S. drone but suggested it was an accident rather than a strategic error. (AP Photo/Evan Vucci)

WASHINGTON (AP) — President Donald Trump declared Thursday that “Iran made a very big mistake” by shooting down a U.S. surveillance drone over the Strait of Hormuz but suggested it was a foolish error rather than an intentional escalation of the tensions that have led to rising fears of open military conflict.

Asked about a U.S. response, the president said pointedly, “You’ll soon find out.”

The downing of the huge, unmanned aircraft , which Iran portrayed as a deliberate defense of its territory rather than a mistake, was a stark reminder of the risk of military conflict between U.S. and Iranian forces as the Trump administration combines a “maximum pressure” campaign of economic sanctions against Iran with a buildup of American forces in the region.

The drone — which has a wingspan wider than a Boeing 737 — entered Iranian airspace “despite repeated radio warnings” and was shot down by Iran, acting under the U.N. Charter which allows self-defense action “if an armed attack occurs,” Iran’s U.N. Ambassador Majid Takht Ravanchi said in a letter to the U.N. secretary-general.

Donald Trump is playing down Iran's downing of an American drone, saying that it might have been a mistake executed by someone just being "loose and stupid." He said it was a "new wrinkle" in escalating tensions between the U.S. and Iran. (June 20)

Trump, who has said he wants to avoid war and negotiate with Iran over its nuclear ambitions, appeared to play down the significance of the shootdown.

He cast it as “a new wrinkle … a new fly in the ointment.” Yet he also said that “this country will not stand for it, that I can tell you.”

Shortly before Trump spoke, Air Force Lt. Gen. Joseph Guastella, commander of U.S. Central Command air forces in the region, took a more pointed view of the shootdown in an area where Trump has blamed Iran for attacking shipping vessels.

“This attack is an attempt to disrupt our ability to monitor the area following recent threats to international shipping and free flow of commerce,” he said.

The Trump administration has been putting increasing economic pressure on Iran for more than a year. It reinstated punishing sanctions following Trump’s decision to pull the U.S. out of an international agreement intended to limit Iran’s nuclear program in exchange for relief from earlier sanctions.

The other world powers who remain signed on to the nuclear deal have set a meeting to discuss the U.S. withdrawal and Iran’s announced plans to increase its uranium stockpile for June 28, a date far enough in the future to perhaps allow tensions to cool.

Citing Iranian threats, the U.S. recently sent an aircraft carrier to the Persian Gulf region and deployed additional troops alongside the tens of thousands already there. All this has raised fears that a miscalculation or further rise in tensions could push the U.S. and Iran into an open conflict 40 years after Tehran’s Islamic Revolution.

“We do not have any intention for war with any country, but we are fully ready for war,” Revolutionary Guard commander Gen. Hossein Salami said in a televised address.

The paramilitary Guard, which answers only to Supreme Leader Ayatollah Ali Khamenei, said it shot down the drone at 4:05 a.m. Thursday when it entered Iranian airspace near the Kouhmobarak district in southern Iran’s Hormozgan province. Kouhmobarak is about 1,200 kilometers (750 miles) southeast of Tehran.

The first U.S. reaction was Trump’s Thursday morning tweet of six forceful words: “Iran made a very big mistake.”

But later, while meeting with Canadian Prime Minister Justin Trudeau, Trump said, “I would imagine it was a general or somebody that made a mistake in shooting that drone down.

He said the American drone was unarmed and unmanned and “clearly over international waters.” It would have “made a big, big difference” if someone had been inside, he said.

“I find it hard to believe it was intentional, if you want to know the truth,” Trump said. “I think that it could have been somebody who was loose and stupid that did it.”

Taking issue with the U.S. version of where the attack occurred, Iranian Foreign Minister Mohammad Javad Zarif tweeted that his country had retrieved sections of the military drone “in OUR territorial waters where it was shot down.” He said, “We don’t seek war but will zealously defend our skies, land & waters.”

U.S. Gen. Guastella disputed that contention, telling reporters that the aircraft was 34 kilometers (21 miles) from the nearest Iranian territory and flying at high altitude when struck by a surface-to-air missile. The U.S. military has not commented on the mission of the remotely piloted aircraft that can fly higher than 10 miles in altitude and stay in the air for over 24 hours at a time.

One U.S. official said there was a second American aircraft in the area that was able to get video and imagery of the drone when it was shot down.

Congressional leaders came to the White House for an hour-long briefing in the Situation Room late Thursday with top national security officials including Secretary of State Mike Pompeo, CIA Director Gina Haspel, Joint Chiefs Chairman Gen. Joseph Dunford acting Defense Secretary Patrick Shanahan and Army Secretary Mark Esper, whom Trump has said he’ll nominate as Pentagon chief.

The Senate’s top Democrat called the downing of the American drone “deeply concerning” and accused the administration of not having an Iran strategy and keeping Congress and the rest of the nation in the dark.

“The president needs to explain to the American people why he’s driving us toward another endless conflict in the Middle East,” said Sen. Chuck Schumer of New York.

House Speaker Nancy Pelosi said she didn’t think Trump wanted war with Iran and the American people have “no appetite” for it either. She said the U.S. needs to be “strong and strategic” about protecting its interests but “cannot be reckless.”

Talking tougher, Republican Sen. Lindsey Graham of South Carolina called Iran a “murderous regime” and said, “If they’re itching for a fight they’re going to get one.”

“We’re a lot closer today than we were yesterday, and only God knows what tomorrow brings,” said Graham, a Trump ally who talked with the president by telephone.

The senator also focused on the issue of Iran’s nuclear ambitions, saying its leaders have refused to negotiate after Trump withdrew the U.S. from the international agreement to limit Iranian development of nuclear weapons.

Graham said it’s imperative that the U.S. clearly tell the Iranians that any attempt to increase uranium enrichment will be seen as a “hostile act against the United States and our allies in Israel and will not go unanswered.”

Another factor: This all comes as Trump is launching his re-election campaign. He ran for president promising to bring American troops home from the Middle East and Afghanistan and has repeatedly said he wants to keep America out of “endless wars.”

Ari Fleischer, who was press secretary for President George W. Bush, cautioned against thinking about politics when weighing any response to Iran.

“I suspect a successful limited counter-strike, such as taking out the missile battery that fired at the drone or the sinking of an unmanned Iranian vessel, would be seen as a well-calibrated show of resolve and discipline,” Fleischer said in an interview. He added that “if we do nothing, Iran may strike again thinking it has impunity.”

https://apnews.com/84ad15edb7324472bb867852059a0a7a

Iran shoots down US surveillance drone, heightening tensions

29 minutes ago

In this Oct. 24, 2018, photo released by the U.S. Air Force, members of the 7th Reconnaissance Squadron prepare to launch an RQ-4 Global Hawk at Naval Air Station Sigonella, Italy. Iran’s Revolutionary Guard shot down a U.S. RQ-4 Global Hawk on Thursday, June 20, 2019, amid heightened tensions between Tehran and Washington over its collapsing nuclear deal with world powers, American and Iranian officials said, though they disputed the circumstances of the incident. (Staff Sgt. Ramon A. Adelan/U.S. Air Force via AP)

TEHRAN, Iran (AP) — Iran’s Revolutionary Guard shot down a U.S. surveillance drone Thursday in the Strait of Hormuz, marking the first time the Islamic Republic directly attacked the American military amid tensions over Tehran’s unraveling nuclear deal with world powers.

The two countries disputed the circumstances leading up to an Iranian surface-to-air missile bringing down the U.S. Navy RQ-4A Global Hawk, an unmanned aircraft with a wingspan larger than a Boeing 737 jetliner and costing over $100 million.

Iran said the drone “violated” its territorial airspace, while the U.S. called the missile fire “an unprovoked attack” in international airspace over the narrow mouth of the Persian Gulf and President Donald Trump tweeted that “Iran made a very big mistake!”

Trump later appeared to play down the incident, telling reporters in the Oval Office that he had a feeling that “a general or somebody” being “loose and stupid” made a mistake in shooting down the drone.

AP Graphic

The incident immediately heightened the crisis already gripping the wider region, which is rooted in Trump withdrawing the U.S. a year ago from Iran’s 2015 nuclear deal and imposing crippling new sanctions on Tehran. Recently, Iran quadrupled its production of low-enriched uranium to be on pace to break one of the deal’s terms by next week while threatening to raise enrichment closer to weapons-grade levels on July 7 if Europe doesn’t offer it a new deal.

Citing unspecified Iranian threats, the U.S. has sent an aircraft carrier to the Middle East and deployed additional troops alongside the tens of thousands already there. All this has raised fears that a miscalculation or further rise in tensions could push the U.S. and Iran into an open conflict 40 years after Tehran’s Islamic Revolution.

“We do not have any intention for war with any country, but we are fully ready for war,” Revolutionary Guard commander Gen. Hossein Salami said in a televised address.

The paramilitary Guard, which answers only to Supreme Leader Ayatollah Ali Khamenei, said it shot down the drone at 4:05 a.m. Thursday when it entered Iranian airspace near the Kouhmobarak district in southern Iran’s Hormozgan province. Kouhmobarak is about 1,200 kilometers (750 miles) southeast of Tehran.

Iran’s Revolutionary Guard commander Gen. Hossein Salami. (Sepahnews via AP)

The drone took off from the southern Persian Gulf and collected data from Iranian territory, including the southern port of Chahbahar near Iran’s border with Pakistan, the Guard said in comments that appeared aimed at showing it could track the aircraft.

The U.S. military has not commented on the mission of the remotely piloted aircraft that can fly higher than 10 miles in altitude and stay in the air for over 24 hours at a time.

Iran used its air defense system known as Third of Khordad to shoot down the drone — a truck-based missile system that can fire up to 18 miles (30 kilometers) into the sky, the semi-official Fars news agency reported.

Iranian state TV later broadcast video it described as the moment the Guard launched the surface-to-air missile that struck the U.S. drone. Chants of “God is great!” could be heard as a fireball appeared in the darkened sky.

Typically, militaries worldwide call out to errant aircraft entering their airspace before firing. It’s unclear whether Iran gave any warning before opening fire. The U.S. military says Iran fired on and missed another drone last week near the Strait of Hormuz, the narrow mouth of the Persian Gulf through which 20% of all global oil moves.

The U.S. has been worried about international shipping through the strategic waterway since tankers were damaged in May and June in what Washington has blamed on limpet mines from Iran, although Tehran denied involvement.. On Wednesday in the United Arab Emirates, the U.S. Navy showed fragments of mines that it said bore “a striking resemblance” to those seen in Iran

The RQ-4 Global Hawk was at least 34 kilometers from Iranian territory when it was shot down by an Iranian surface-to-air missile, said Air Force Lt. Gen. Joseph Guastella, commander of the U.S. Central Command. He said it was an attempt to disrupt U.S. efforts to monitor the Persian Gulf region.

But Salami, speaking to a crowd in the western city of Sanandaj, described the American drone as “violating our national security border.”

“Borders are our red line,” the Revolutionary Guard general said. “Any enemy that violates the borders will be annihilated.”

Iran’s Foreign Ministry also said the drone entered Iranian airspace, and Foreign Minister Mohammad Javad Zarif tweeted it would take its case to the U.N. He later tweeted that Iran retrieved parts of the drone in its territorial waters.

Russian President Vladimir Putin urged caution, warning any war between Iran and the U.S. would be a “catastrophe for the region as a minimum.”

Israeli Prime Minister Benjamin Netanyahu urged support for U.S. efforts to halt what he called escalating Iranian provocations.

“In the last 24 hours, Iran has intensified its aggression against the United States and against all of us,” he said.

U.N. Secretary-General Antonio Guterres expressed concern and urged all parties to “avoid any action that could inflame the situation,” said U.N. spokesman Stephane Dujarric.

America stations some RQ-4 Global Hawks at the Al-Dhafra Air Base in the UAE, near the capital of Abu Dhabi. Associated Press journalists saw the drones on the base’s tarmac during a March 2016 visit by then-Vice President Joe Biden. The U.S. military occasionally publishes images from there of the drones, which have a distinctive hump-shaped front and an engine atop the fuselage.

Iran has claimed to have shot down U.S. drones before. In the most famous incident, in December 2011, Iran seized an RQ-170 Sentinel flown by the CIA to monitor Iranian nuclear sites after it entered Iranian airspace from neighboring Afghanistan. Iran later reverse-engineered the drone to create their own variants.

Elsewhere in the region Thursday, Saudi Arabia said Yemen’s Iranian-backed Houthi rebels fired a rocket at a desalination plant in al-Shuqaiq, a city in the kingdom’s Jizan province. The state-run Saudi Press Agency quoted military spokesman Col. Turki al-Maliki as saying it caused no damage or casualties.

The Yemeni rebel Al-Masirah satellite news channel earlier said the Houthis targeted a power plant in Jizan, near the kingdom’s border with Yemen, with a cruise missile.

A coalition led by Saudi Arabia, a key U.S. ally, has been battling the Houthis since March 2015 in Yemen, the Arab world’s poorest nation now pushed to the brink of famine by the conflict. In recent weeks, the Houthis have launched a new campaign sending missiles and bomb-laden drones into Saudi Arabia.

https://apnews.com/e4316eb989d5499c9828350de8524963

 

 

Story 2: Federal Reserve Board Votes To Keep Federal Funds Target Range of 2.25% to 2.5% Waiting For July 2019 Jobs Report and Second Quarter Real GDP Growth Rate Number — Videos

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Trump slams Fed over interest rate policy

Fed Chair Jerome Powell speaks to media following interest rate decision – 06/19/2019

Sen. Tillis Says Fed Made Mistake in December, Defers to Trump on Powell Demotion

The Federal Reserve didn’t cut rates, but does the rally need the Fed?

Steve Keen Says U.S. Heading for 2020 Recession

Cramer: Stocks would probably rise if Trump removed Powell as Fed chair

Fed Chair Jerome Powell speaks on monetary policy – 06/04/2019

Fed wary of economic clouds, but leaves interest rates unchanged for now

Goldman Sees Fed ‘Not Likely to Cut’ Rates in July, Kostin Says

The Federal Fund Rate in 4 Minutes

Macro 4.1- Money Market and FED Tools (Monetary Policy)

Discount Rate and Federal Funds Rate

What is the Yield Curve, and Why is it Flattening?

Why Investors Are Obsessed With the Inverted Yield Curve

Here’s what experts are saying about the inverted yield curve

Trump expected Powell to be a ‘cheap-money’ Fed chairman

S&P 500 closes at new record as Wall Street bets Fed will lower rates, Dow surges nearly 250 points

VIDEO02:12
The S&P 500 just closed at a record high — Here’s what four experts say to watch

Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month.

The S&P 500 surged 1% to 2,954.18, a record close. The broad index also hit an intraday record of 2,958.06. The Dow Jones Industrial Average closed 249.17 points higher at 26,753.17. The Nasdaq Composite gained 0.8% to end the day at 8,051.34.

The yield on the 10-year Treasury fell below 2% for the first time since November 2016. Investors cheered the decline in the benchmark for mortgage rates and corporate bonds.

The energy sector rose more than 2% to lead all 11 S&P 500 sectors higher as oil prices jumped. Tech gained 1.4% after shares of Oracle surged more than 8% on stronger-than-forecast earnings. General Electric’s 2.8% rise pushed the industrials sector up more than 1.6% on the day.

“Markets are based on numbers and perception. If the perception is rates are getting cut, that’s going to drive markets higher,” said Kathy Entwistle, senior vice president of wealth management at UBS. “UBS’ stance up until yesterday was we wouldn’t see any rate cuts this year. Now we see a much larger chance of a 50-basis-point cut.”

The Fed said Wednesday it stands ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation. Most Fed policymakers slashed their rate outlook for the rest of the calendar year by approximately half a percentage point in the previous session, while Chairman Jerome Powell said others agree the case for lower rates is building.

Policymakers also dropped “patient” from the Fed’s statement and acknowledged that inflation is “running below” its 2% objective.

Market participants viewed the overall tone from the U.S. central bank as more dovish than expected. Traders are now pricing in a 100% chance of a rate cutnext month, according to the CME FedWatch tool.

With Thursday’s gains, the market has now erased the steep losses recorded by the major indexes in May, which were sparked by trade fears. The S&P 500 and Dow both fell more than 6% while the Nasdaq lost 7.9% last month. The three indexes were up more than 7% for June.

China and the U.S. hiked tariffs on billions of dollars worth of their goods in May. Stocks turned around this month as traders bet the rising trade tensions, coupled with weaker economic data, would lead the Fed to ease its monetary policy stance.

The Fed’s message on Wednesday sent the 10-year Treasury yield to as low as 1.974% before ending the day around 2.02%. The yield stood at 2.8% in January.

“The FOMC reinforced the market’s conviction,” said Steve Blitz, chief U.S. economist at TS Lombard, in a note. “Barring a dramatic turnaround in the data, the next move is a cut – perhaps even a 50bp reduction.”

The dollar also took a hit against other major currencies. The dollar index dropped 0.5% to 96.65, led by a 0.6% slide in the euro. The yen and Canadian dollar also rose against the U.S. currency.

Energy shares got a boost from higher oil prices. The Energy Select Sector SPDR Fund (XLE) climbed 2.2% as shares of Exxon Mobil gained 1.7%. Oil prices surged 5.4% after a U.S. official said a drone was shot down over Iranian airspace.

Meanwhile, Slack shares surged more than 40% in their first day of trading. The stock closed above $38 after setting a reference price of $26.

https://www.cnbc.com/2019/06/20/stock-market-dow-futures-higher-after-fed-raises-rate-cut-hopes.html

Federal Open Market Committee

About the FOMC

Recent FOMC press conference

June 19, 2019

FOMC Transcripts and other historical materials

The term “monetary policy” refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy.

The Federal Reserve controls the three tools of monetary policy–open market operationsthe discount rate, and reserve requirements. The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirements, and the Federal Open Market Committee is responsible for open market operations. Using the three tools, the Federal Reserve influences the demand for, and supply of, balances that depository institutions hold at Federal Reserve Banks and in this way alters the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight.

Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services.

Structure of the FOMC

The Federal Open Market Committee (FOMC) consists of twelve members–the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee’s assessment of the economy and policy options.

The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.

For more detail on the FOMC and monetary policy, see section 2 of the brochure on the structure of the Federal Reserve Systemand chapter 2 of Purposes & Functions of the Federal Reserve System. FOMC Rules and Authorizations are also available online.

2019 Committee Members

Alternate Members

Federal Reserve Bank Rotation on the FOMC

Committee membership changes at the first regularly scheduled meeting of the year.

2020 2021 2022
Members New York
Cleveland
Philadelphia
Dallas
Minneapolis
New York
Chicago
Richmond
Atlanta
San Francisco
New York
Cleveland
Boston
St. Louis
Kansas City
Alternate
Members
New York
Chicago
Richmond
Atlanta
San Francisco
New York
Cleveland
Boston
St. Louis
Kansas City
New York
Chicago
Philadelphia
Dallas
Minneapolis

 †For the Federal Reserve Bank of New York, the First Vice President is the alternate for the President. Return to table

For additional information, please use the FOMC FOIA request form.

https://www.federalreserve.gov/monetarypolicy/fomc.htm

 

Fed holds rates steady, but opens the door for a rate cut in the future

The action sets up a possible confrontation between Fed Chairman Jerome Powell and President Donald Trump, who has been pressuring the Fed to cut rates. Just Tuesday, Trump said “let’s see what he does” at the Fed meeting when asked if he still wants to demote Powell.

At the post-statement news conference, Powell was asked about his future as chairman. “I think the law is clear that I have a four year term, and I fully intend to serve it,” he said.

The strong majority for this month’s decision contrasted with a sharp difference of opinion on what happens next.

The committee provided an important nod to those worried about slower growth: It dropped the word “patient” in  describing its approach to policy. The characterization was a key part of the Fed “pivot” earlier this year that signaled to the market a more dovish approach to rates.

“The Fed didn’t surprise investors with the decision to maintain rates, but the split vote tells us that a cut is on the way and it’s increasingly likely that will be in July, as bond markets have been hoping,” said Neil Birrell, chief investment officer at Premier Asset Management.

“This was probably the compromise decision — it wasn’t shocking and should offer some reassurance,” Steve Rick, chief economist at CUNA Mutual Group, said in a note. “The FOMC will still want to closely monitor the stress fractures from the bond market, middling housing and auto sales numbers, and an increasingly uncertain global economic landscape in the coming months.”

The statement also changed wording to concede that inflation is “running below” the Fed’s 2% objective. In their forecast for headline inflation this year, officials slashed the estimate to 1.5% from March’s 1.8%. Core inflation, which excludes volatile food and energy prices, is likely now to be 1.8% from March’s 2%, according to the quarterly summary of economic projections also released Wednesday.

‘In light of these uncertainties’

The committee changed language from its May statement to indicate that economic activity is “rising at a moderate rate,” a downgrade from “solid.”

In their baseline scenario, FOMC members said they still expect “sustained expansion of economic activity” and a move toward 2% inflation, but realize that “uncertainties about this outlook have increased.”

“In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective,” the statement said. The “act as appropriate to sustain the expansion” language mirrors a statement from Powell in early June.

Very reasonable to think Fed will cut rates twice this year: Strategist

The committee characterized the labor market as “strong” with “solid” jobs growth, despite May’s disappointing nonfarm payrolls growth of 75,000. The statement further said that household spending “appears to have picked up from earlier in the year.”

The changes came amid what appeared to be little consensus among the committee about where rates go next.

Divided Fed

According to the “dot plot” of individual members’ expectations, eight members favor one cut this year while the same number voted in favor of the status quo and one still wants a rate hike. Bullard and Minneapolis Fed President Neel Kashkari have led the public discussion about the potential for rate cuts, while other members have been less firm.

Into 2020, the Fed consensus was a bit stronger, with nine members wanting a cut to a funds rate around 2.1%. The direction changes, though, in 2021, with indications of an increase of about a quarter-point, culminating in an expected long-run value of 2.5%. The funds rate most recently was trading at 2.37%.

Traders in the thin and volatile funds market had been pricing in a 26% chance of a cut at this week’s meeting. Later in the year, though, the probability for a July easing rose to 82.5% and the chances of a second cut in December were most recently at 60.4%. The market expects a third cut to come around March of 2020.

While the statement language offered some significant changes, estimates in the summary of economic projections, other than inflation, moved little from March. GDP growth is still expected to be 2.1% for the year – it was 3.1% in the first quarter, and the Atlanta Fed is forecasting a 2% gain in the second quarter. The unemployment rate is now expected to hold at a 50-year low of 3.6%, against the March forecast of 3.7%.

https://www.cnbc.com/2019/06/19/fed-decision-fed-leaves-rates-unchanged.html

10-year Treasury yield drops below 2% for first time since November 2016

Federal funds rate

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Federal Funds Rate compared to U.S. Treasury interest rates

2 to 10 year treasury yield spread

Inflation (blue) compared to federal funds rate (red)

Quarterly gross domestic product compared to Federal Funds Rate.

Federal Funds Rate and Treasury interest rates from 2002-2019

In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve to maintain depository institutions’ reserve requirements. Institutions with surplus balances in their accounts lend those balances to institutions in need of larger balances. The federal funds rate is an important benchmark in financial markets.[1][2]

The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.

The federal funds target rate is determined by a meeting of the members of the Federal Open Market Committee which normally occurs eight times a year about seven weeks apart. The committee may also hold additional meetings and implement target rate changes outside of its normal schedule.

The Federal Reserve uses open market operations to make the federal funds effective rate follow the federal funds target rate. The target rate is chosen in part to influence the money supply in the U.S. economy[3]

Contents

Mechanism

Financial institutions are obligated by law to maintain certain levels of reserves, either as reserves with the Fed or as vault cash. The level of these reserves is determined by the outstanding assets and liabilities of each depository institution, as well as by the Fed itself, but is typically 10%[4] of the total value of the bank’s demand accounts (depending on bank size). In the range of $9.3 million to $43.9 million, for transaction deposits (checking accountsNOWs, and other deposits that can be used to make payments) the reserve requirement in 2007–2008 was 3 percent of the end-of-the-day daily average amount held over a two-week period. Transaction deposits over $43.9 million held at the same depository institution carried a 10 percent reserve requirement.

For example, assume a particular U.S. depository institution, in the normal course of business, issues a loan. This dispenses money and decreases the ratio of bank reserves to money loaned. If its reserve ratio drops below the legally required minimum, it must add to its reserves to remain compliant with Federal Reserve regulations. The bank can borrow the requisite funds from another bank that has a surplus in its account with the Fed. The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.

The federal funds target rate is set by the governors of the Federal Reserve, which they enforce by open market operations and adjustments in the interest rate on reserves.[5] The target rate is almost always what is meant by the media referring to the Federal Reserve “changing interest rates.” The actual federal funds rate generally lies within a range of that target rate, as the Federal Reserve cannot set an exact value through open market operations.

Another way banks can borrow funds to keep up their required reserves is by taking a loan from the Federal Reserve itself at the discount window. These loans are subject to audit by the Fed, and the discount rate is usually higher than the federal funds rate. Confusion between these two kinds of loans often leads to confusion between the federal funds rate and the discount rate. Another difference is that while the Fed cannot set an exact federal funds rate, it does set the specific discount rate.

The federal funds rate target is decided by the governors at Federal Open Market Committee (FOMC) meetings. The FOMC members will either increase, decrease, or leave the rate unchanged depending on the meeting’s agenda and the economic conditions of the U.S. It is possible to infer the market expectations of the FOMC decisions at future meetings from the Chicago Board of Trade (CBOT) Fed Funds futures contracts, and these probabilities are widely reported in the financial media.

Applications

Interbank borrowing is essentially a way for banks to quickly raise money. For example, a bank may want to finance a major industrial effort but may not have the time to wait for deposits or interest (on loan payments) to come in. In such cases the bank will quickly raise this amount from other banks at an interest rate equal to or higher than the Federal funds rate.

Raising the federal funds rate will dissuade banks from taking out such inter-bank loans, which in turn will make cash that much harder to procure. Conversely, dropping the interest rates will encourage banks to borrow money and therefore invest more freely.[6] This interest rate is used as a regulatory tool to control how freely the U.S. economy operates.

By setting a higher discount rate the Federal Bank discourages banks from requisitioning funds from the Federal Bank, yet positions itself as a lender of last resort.

Comparison with LIBOR

Though the London Interbank Offered Rate (LIBOR) and the federal funds rate are concerned with the same action, i.e. interbank loans, they are distinct from one another, as follows:

  • The target federal funds rate is a target interest rate that is set by the FOMC for implementing U.S. monetary policies.
  • The (effective) federal funds rate is achieved through open market operations at the Domestic Trading Desk at the Federal Reserve Bank of New York which deals primarily in domestic securities (U.S. Treasury and federal agencies’ securities).[7]
  • LIBOR is based on a questionnaire where a selection of banks guess the rates at which they could borrow money from other banks.
  • LIBOR may or may not be used to derive business terms. It is not fixed beforehand and is not meant to have macroeconomic ramifications.[8]

Predictions by the market

Considering the wide impact a change in the federal funds rate can have on the value of the dollar and the amount of lending going to new economic activity, the Federal Reserve is closely watched by the market. The prices of Option contracts on fed funds futures (traded on the Chicago Board of Trade) can be used to infer the market’s expectations of future Fed policy changes. Based on CME Group 30-Day Fed Fund futures prices, which have long been used to express the market’s views on the likelihood of changes in U.S. monetary policy, the CME Group FedWatch tool allows market participants to view the probability of an upcoming Fed Rate hike. One set of such implied probabilities is published by the Cleveland Fed.

Historical rates

As of 19 December 2018 the target range for the Federal Funds Rate is 2.25–2.50%.[9] This represents the ninth increase in the target rate since tightening began in December 2015.[10]

The last full cycle of rate increases occurred between June 2004 and June 2006 as rates steadily rose from 1.00% to 5.25%. The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%. Between December 2008 and December 2015 the target rate remained at 0.00–0.25%, the lowest rate in the Federal Reserve’s history, as a reaction to the Financial crisis of 2007–2008 and its aftermath. According to Jack A. Ablin, chief investment officer at Harris Private Bank, one reason for this unprecedented move of having a range, rather than a specific rate, was because a rate of 0% could have had problematic implications for money market funds, whose fees could then outpace yields.[11]

Federal funds rate history and recessions.png

Explanation of federal funds rate decisions

When the Federal Open Market Committee wishes to reduce interest rates they will increase the supply of money by buying government securities. When additional supply is added and everything else remains constant, the price of borrowed funds – the federal funds rate – falls. Conversely, when the Committee wishes to increase the federal funds rate, they will instruct the Desk Manager to sell government securities, thereby taking the money they earn on the proceeds of those sales out of circulation and reducing the money supply. When supply is taken away and everything else remains constant, the interest rate will normally rise.[12]

The Federal Reserve has responded to a potential slow-down by lowering the target federal funds rate during recessions and other periods of lower growth. In fact, the Committee’s lowering has recently predated recessions,[13] in order to stimulate the economy and cushion the fall. Reducing the federal funds rate makes money cheaper, allowing an influx of credit into the economy through all types of loans.

The charts linked below show the relation between S&P 500 and interest rates.

  • July 13, 1990 — Sept 4, 1992: 8.00%–3.00% (Includes 1990–1991 recession)[14][15]
  • Feb 1, 1995 — Nov 17, 1998: 6.00–4.75 [16][17][18]
  • May 16, 2000 — June 25, 2003: 6.50–1.00 (Includes 2001 recession)[19][20][21]
  • June 29, 2006 — (Oct. 29 2008): 5.25–1.00[22]
  • Dec 16, 2008 — 0.0–0.25[23]
  • Dec 16, 2015 — 0.25–0.50[24]
  • Dec 14, 2016 — 0.50–0.75[25]
  • Mar 15, 2017 — 0.75–1.00[26]
  • Jun 14, 2017 — 1.00–1.25[27]
  • Dec 13, 2017 — 1.25–1.50[28]
  • Mar 21, 2018 — 1.50–1.75[29]
  • Jun 13, 2018 — 1.75–2.00[30]
  • Sep 26, 2018 — 2.00–2.25[9]
  • Dec 19, 2018 — 2.25–2.50[31]

Bill Gross of PIMCO suggested that in the prior 15 years ending in 2007, in each instance where the fed funds rate was higher than the nominal GDP growth rate, assets such as stocks and housing fell.[32]

International effects

A low federal funds rate makes investments in developing countries such as China or Mexico more attractive. A high federal funds rate makes investments outside the United States less attractive. The long period of a very low federal funds rate from 2009 forward resulted in an increase in investment in developing countries. As the United States began to return to a higher rate in 2013 investments in the United States became more attractive and the rate of investment in developing countries began to fall. The rate also affects the value of currency, a higher rate increasing the value of the U.S. dollar and decreasing the value of currencies such as the Mexican peso.[33]

See also

References

  1. ^ “Fedpoints: Federal Funds”Federal Reserve Bank of New York. August 2007. Retrieved October 2, 2011.
  2. ^ “The Implementation of Monetary Policy”. The Federal Reserve System: Purposes & Functions(PDF). Washington, D.C.: Federal Reserve Board. August 24, 2011. p. 4. Retrieved October 2, 2011.
  3. ^ “Monetary Policy, Open Market Operations”. Federal Reserve Bank. January 30, 2008. Archived from the original on April 13, 2001. Retrieved January 30, 2008.
  4. ^ “Reserve Requirements”. Board of Governors of The Federal Reserve System. December 16, 2015.
  5. ^ Stefan Homburg (2017) A Study in Monetary Macroeconomics, Oxford University Press, ISBN978-0-19-880753-7.
  6. ^ “Fed funds rate”. Bankrate, Inc. March 2016.
  7. ^ Cheryl L. Edwards (November 1997). Gerard Sinzdak. “Open Market Operations in the 1990s”(PDF)Federal Reserve Bulletin (PDF).
  8. ^ “BBA LIBOR – Frequently asked questions”. British Bankers’ Association. March 21, 2006. Archived from the original on February 16, 2007.
  9. Jump up to:ab “Federal Reserve issues FOMC statement” (Press release). Board of Governors of the Federal Reserve System. December 19, 2018. Retrieved June 2, 2019.
  10. ^ Tankersley, Jim (March 21, 2018). “Fed Raises Interest Rates for Sixth Time Since Financial Crisis”The New York Times. Retrieved March 22, 2018.
  11. ^ “4:56 p.m. US-Closing Stocks”. Associated Press. December 16, 2008. Archived from the original on July 18, 2012.
  12. ^ David Waring (February 19, 2008). “An Explanation of How The Fed Moves Interest Rates”. InformedTrades.com. Archived from the original on May 5, 2015. Retrieved July 20, 2009.
  13. ^ “Historical Changes of the Target Federal Funds and Discount Rates, 1971 to present”. New York Federal Reserve Branch. February 19, 2010. Archived from the original on December 21, 2008.
  14. ^ “$SPX 1990-06-12 1992-10-04 (rate drop chart)”. StockCharts.com.
  15. ^ “$SPX 1992-08-04 1995-03-01 (rate rise chart)”. StockCharts.com.
  16. ^ “$SPX 1995-01-01 1997-01-01 (rate drop chart)”. StockCharts.com.
  17. ^ “$SPX 1996-12-01 1998-10-17 (rate drop chart)”. StockCharts.com.
  18. ^ “$SPX 1998-09-17 2000-06-16 (rate rise chart)”. StockCharts.com.
  19. ^ “$SPX 2000-04-16 2002-01-01 (rate drop chart)”. StockCharts.com.
  20. ^ “$SPX 2002-01-01 2003-07-25 (rate drop chart)”. StockCharts.com.
  21. ^ “$SPX 2003-06-25 2006-06-29 (rate rise chart)”. StockCharts.com.
  22. ^ “$SPX 2006-06-29 2008-06-01 (rate drop chart)”. StockCharts.com.
  23. ^ “Press Release”. Board of Governors of The Federal Reserve System. December 16, 2008.
  24. ^ “Open Market Operations”. Board of Governors of The Federal Reserve System. December 16, 2015.
  25. ^ “Decisions Regarding Monetary Policy Implementation”. Board of Governors of The Federal Reserve System. Archived from the original on December 15, 2016.
  26. ^ Cox, Jeff (March 15, 2017). “Fed raises rates at March meeting”CNBC. Retrieved March 15, 2017.
  27. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. June 14, 2017.
  28. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. December 13, 2017.
  29. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. March 21, 2018.
  30. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. June 13, 2018.
  31. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. December 19, 2018.
  32. ^ Shaw, Richard (January 7, 2007). “The Bond Yield Curve as an Economic Crystal Ball”. Retrieved April 3, 2011.
  33. ^ Peter S. Goodman, Keith Bradsher and Neil Gough (March 16, 2017). “The Fed Acts. Workers in Mexico and Merchants in Malaysia Suffer”The New York Times. Retrieved March 18,2017Rising interest rates in the United States are driving money out of many developing countries, straining governments and pinching consumers around the globe.

External links

https://en.wikipedia.org/wiki/Federal_funds_rate

The Impact of an Inverted Yield Curve

The term yield curve refers to the relationship between the short- and long-term interest rates of fixed-income securities issued by the U.S. Treasury. An inverted yield curve occurs when short-term interest rates exceed long-term rates.

From an economic perspective, an inverted yield curve is a noteworthy event. Below, we explain this rare phenomenon, discuss its impact on consumers and investors, and tell you how to adjust your portfolio to account for it.

Interest Rates and Yield Curves

Typically, short-term interest rates are lower than long-term rates, so the yield curve slopes upwards, reflecting higher yields for longer-term investments. This is referred to as a normal yield curve. When the spread between short-term and long-term interest rates narrows, the yield curve begins to flatten. A flat yield curve is often seen during the transition from a normal yield curve to an inverted one.

Normal Yield Curve

Figure 1 – A normal yield curve

What Does an Inverted Yield Curve Suggest?

Historically, an inverted yield curve has been viewed as an indicator of a pending economic recession. When short-term interest rates exceed long-term rates, market sentiment suggests that the long-term outlook is poor and that the yields offered by long-term fixed income will continue to fall.

More recently, this viewpoint has been called into question, as foreign purchases of securities issued by the U.S. Treasury have created a high and sustained level of demand for products backed by U.S. government debt. When investors are aggressively seeking debt instruments, the debtor can offer lower interest rates. When this occurs, many argue that it is the laws of supply and demand, rather than impending economic doom and gloom, that enable lenders to attract buyers without having to pay higher interest rates.

Inverted Yield Curve

Figure 2 – An inverted yield curve: note the inverse relationship between yield and maturity

Inverted yield curves have been relatively rare, due in large part to longer-than-average periods between recessions since the early 1990s. For example, the economic expansions that began in March 1991, November 2001 and June 2009 were three of the four longest economic expansions since World War II. During these long periods, the question often arises as to whether an inverted yield curve can happen again.

Economic cycles, regardless of their length, have historically transitioned from growth to recession and back again. Inverted yield curves are an essential element of these cycles, preceding every recession since 1956. Considering the consistency of this pattern, an inverted yield will likely form again if the current expansion fades to recession.

Upward sloping yield curves are a natural extension of the higher risks associated with long maturities. In a growing economy, investors also demand higher yields at the long end of the curve to compensate for the opportunity cost of investing in bonds versus other asset classes, and to maintain an acceptable spread over inflation rates.

As the economic cycle begins to slow, perhaps due to interest rate hikes by the Federal Reserve Bank, the upward slope of the yield curve tends to flatten as short-term rates increase and longer yields stay stable or decline slightly. In this environment, investors see long-term yields as an acceptable substitute for the potential of lower returns in equities and other asset classes, which tend to increase bond prices and reduce yields.

Inverted Yield Curve Impact on Consumers

In addition to its impact on investors, an inverted yield curve also has an impact on consumers. For example, homebuyers financing their properties with adjustable-rate mortgages (ARMs) have interest-rate schedules that are periodically updated based on short-term interest rates. When short-term rates are higher than long-term rates, payments on ARMs tend to rise. When this occurs, fixed-rate loans may be more attractive than adjustable-rate loans.

Lines of credit are affected in a similar manner. In both cases, consumers must dedicate a larger portion of their incomes toward servicing existing debt. This reduces expendable income and has a negative effect on the economy as a whole.

The Formation of an Inverted Yield Curve

As concerns of an impending recession increase, investors tend to buy long Treasury bonds based on the premise that they offer a safe harbor from falling equities markets, provide preservation of capital and have potential for appreciation in value as interest rates decline. As a result of the rotation to long maturities, yields can fall below short-term rates, forming an inverted yield curve. Since 1956, equities have peaked six times after the start of an inversion, and the economy has fallen into recession within seven to 24 months.

As of 2017, the most recent inverted yield curve first appeared in August 2006, as the Fed raised short-term interest rates in response to overheating equity, real estate and mortgage markets. The inversion of the yield curve preceded the peak of the Standard & Poor’s 500 in October 2007 by 14 months and the official start of the recession in December 2007 by 16 months. However, a growing number of 2018 economic outlooks from investment firms are suggesting that an inverted yield curve could be on the horizon, citing the narrowing spread between short- and long-dated Treasuries.

If history is any precedent, the current business cycle will progress, and slowing in the economy may eventually become evident. If concerns of the next recession rise to the point where investors see the purchase of long-dated Treasuries as the best option for their portfolios, there is a high likelihood that the next inverted yield curve will take shape.

Inverted Yield Curve Impact on Fixed-Income Investors

A yield curve inversion has the greatest impact on fixed-income investors. In normal circumstances, long-term investments have higher yields; because investors are risking their money for longer periods of time, they are rewarded with higher payouts. An inverted curve eliminates the risk premium for long-term investments, allowing investors to get better returns with short-term investments.

When the spread between U.S. Treasuries (a risk-free investment) and higher-risk corporate alternatives is at historical lows, it is often an easy decision to invest in lower-risk vehicles. In such cases, purchasing a Treasury-backed security provides a yield similar to the yield on junk bondscorporate bondsreal estate investment trusts (REITs) and other debt instruments, but without the risk inherent in these vehicles. Money market funds and certificates of deposit (CDs) may also be attractive – particularly when a one-year CD is paying yields comparable to those on a 10-year Treasury bond.

Inverted Yield Curve Impact on Equity Investors

When the yield curve becomes inverted, profit margins fall for companies that borrow cash at short-term rates and lend at long-term rates, such as community banks. Likewise, hedge funds are often forced to take on increased risk in order to achieve their desired level of returns.

In fact, a bad bet on Russian interest rates is largely credited for the demise of Long-Term Capital Management, a well-known hedge fund run by bond trader John Meriwether.

Despite their consequences for some parties, yield-curve inversions tend to have less impact on consumer staples and healthcare companies, which are not interest-rate dependent. This relationship becomes clear when an inverted yield curve precedes a recession. When this occurs, investors tend to turn to defensive stocks, such as those in the food, oil and tobacco industries, which are often less affected by downturns in the economy.

The Bottom Line

While experts question whether or not an inverted yield curve remains a strong indicator of pending economic recession, keep in mind that history is littered with portfolios that were devastated when investors blindly followed predictions about how “it’s different this time.” Most recently, shortsighted equity investors spouting this mantra participated in the “tech wreck,” snapping up shares in tech companies at inflated prices even though these firms had no hope of ever making a profit.

If you want to be a smart investor, ignore the noise. Instead of spending time and effort trying to figure out what the future will bring, construct your portfolio based on long-term thinking and long-term convictions – not short-term market movements.

For your short-term income needs, do the obvious: choose the investment with the highest yield, but keep in mind that inversions are an anomaly and they don’t last forever. When the inversion ends, adjust your portfolio accordingly.

Story 3: Creepy, Sleepy, Dopey, Joey Biden in Praise of Civility of Democrat Segregationist Senators Eastland (Mississippi) and Talmadge (Georgia) Who Got Things Done — Radical Extremist Democrats (REDS) Attack Biden — Lying Lunatic Leftist Losers and Big Lie Media Playing Identity Politics and Divide and Conquer — Videos —

Biden’s ties to segregationist senator spark campaign tension

Biden’s ties to segregationist senator spark campaign tension

SUSAN WALSH / AP

Joe Biden was a freshman senator, the youngest member of the august body, when he reached out to an older colleague for help on one of his early legislative proposals: The courts were ordering racially segregated school districts to bus children to create more integrated classrooms, a practice Biden opposed and wanted to change.

“I want you to know that I very much appreciate your help during this week’s Committee meeting in attemptingto bring my antibusing legislation to a vote,” Biden wrote on June 30, 1977.

The recipient of Biden’s entreaty was Sen. James Eastland, at the time a well-known segregationist who had called blacks “an inferior race” and once vowed to prevent blacks and whites from eating together in Washington. The exchange, revealed in a series of letters, offers a new glimpse into an old relationship that erupted this week as a major controversy for Biden’s presidential campaign.Biden on Wednesday night described his relationship with Eastland as one he “had to put up with.” He said of his relationships with Eastland and another staunch segregationist and southern Democrat, Sen. Herman Talmadge of Georgia, that “the fact of the matter is that we were able to do it because we were able to win — we were able to beat them on everything they stood for.”

But the letters show a different type of relationship, one in which they were aligned on a legislative issue. Biden said at the time that he did not think that busing was the best way to integrate schools in Delaware and that systemic racism should be dealt with by investing in schools and improving housing policies.

The letters were provided Thursday to the Washington Post by the University of Mississippi, which houses Eastland’s archived papers. They were reported in April by CNN.

Biden’s campaign late Thursday issued a statement saying that “the insinuation that Joe Biden shared the same views as Eastland on segregation is a lie.”

“Plain and simple. Joe Biden has dedicated his career to fighting for civil rights,” the statement said.

The controversy over Biden’s comments this week have continued to reverberate at a crucial time in the campaign, with matters of race dominating the political discussion ahead of several prominent gatherings, including the first presidential debate next week and a multicandidate event before black voters in South Carolina on Friday. It has emerged as a complex political problem for Biden, who has been trying to campaign as a civil rights champion while explaining past views that are out of step with today’s Democratic base.

Biden’s Wednesday remarks sparked one of the sharpest intra-Democrat exchanges of the campaign, when Sen. Cory Booker of New Jersey, one of his black 2020 rivals, criticized both Biden’s work with segregationists and the language that he used in describing it.

On Wednesday, Biden called Booker. Biden’s campaign also distributed talking points to supporters, emphasizing that Eastland and Talmadge “were people who he fundamentally disagreed with on the issue of civil rights.”

Late Thursday, the former vice president met with a small group that included black members of Congress, one of the participants said.

Divisions also emerged in Biden’s campaign over how he should handle such situations. Aides alternately argued that he simply misspoke in telling the anecdote, that he shouldn’t be telling it at all or that his remarks demonstrate his ability to work with those with whom he disagrees and the words were being purposefully twisted for political gain.

The letters show that Biden’s courtship of Eastland started in 1972, before he had taken office, and that he wrote to the older senator listing his top six committee assignment requests, with Foreign Relations and Judiciary at the top. A few weeks later, Biden thanked Eastland, writing that he was “flattered and grateful” for his help. He also referred to the December 1972 car crash that killed his wife and daughter and injured his two sons.

“Despite my preoccupation with family matters at this time, I intend to place the highest priority on attending to my committee responsibilities,” Biden wrote.

Biden supporters have repeatedly pointed to his efforts on civil rights issues to cast him as a champion of equality. Not only did he share an eight-year partnership with the first black president, he also worked alongside black leaders throughout his career on extending the Voting Rights Act, amending the Fair Housing Act and creating the holiday honoring the Rev. Martin Luther King Jr.et in the debate over the merits of busing as a solution to greater integration, Biden’s avowed stance against it put him at odds with some civil rights leaders.

 

 

It was in that context that he courted the support of Eastland — at the time the chairman of the Senate Judiciary Committee — as well as other senators.

In one letter, on March 2, 1977, Biden outlined legislation he was filing to restrict busing practices.

“My bill strikes at the heart of the injustice of court ordered busing,” he wrote to Eastland. “It prohibits the federal courts from disrupting our educational system in the name of the constitution where there is no evidence that the governmental officials intended to discriminate.”

“I believe there is growing sentiment in the Congress to curb unnecessary busing,” he added. The Senate two years earlier had passed a Biden amendment that prohibited the federal Department of Health, Education and Welfare from ordering busing to achieve school integration.

 

“That was the first time the U.S. Senate took a firm stand in opposition to busing,” Biden wrote. “The Supreme Court seems to have recognized that busing simply cannot be justified in cases where state and local officials intended no discrimination.”

In later letters to Eastland, Biden continued pushing his legislation.

“I want you to know that I very much appreciate your help during this week’s Committee meeting in attempting to bring my antibusing legislation to a vote,” Biden wrote on June 30, 1977.

The next year, he continued to push for antibusing legislation and again wrote to Eastland.

“Since your support was essential to having our bill reported out by the Judiciary Committee, I want to personally ask your continued support and alert you to our intentions,” Biden wrote on Aug 22, 1978. “Your participation in floor debate would be welcomed.”

After Biden’s remarks at the Wednesday night fund-raiser, advisers played down his comments about Eastland as a garbled rendition of a familiar Biden anecdote. In particular, they sought to excuse Biden for saying that Eastland didn’t refer to him as “boy” — an insult leveled at black men — but as “son.”

“He just misspoke,” said one Biden adviser. “The way Biden usually tells the story, he says Eastland didn’t call him ‘senator,’ he called him ‘son,’ ” the adviser said. “Eastland called him ‘boy’ and ‘son’ also. This was Eastland’s way of diminishing young senators.”

In the campaign statement Thursday, Biden’s national press secretary, Jamal Brown, said Biden’s “strong support for equal housing, equal education and equal job opportunities were clear to all Delawareans in the 1970s.”

Biden sought to ensure that black students received “the resources necessary to deliver the quality education they deserved,” he said.

Brown added that throughout his public life, Biden “fought the institutional problems that created de facto segregated school systems and neighborhoods in the first place: redlining, school lines drawn to keep races and classes separate and housing patterns and discrimination.”

Almost the entire Democratic field is set to attend a fish fry Friday night hosted by House Majority Whip James Clyburn, a leading black figure in the state and one who has remained supportive of Biden.

It would be the first public appearance Biden is making with the same Democratic presidential hopefuls who have heaped criticism on him for the comment.

In demanding an apology, Booker said Wednesday that Biden’s “relationships with proud segregationists are not the model for how we make America a safer and more inclusive place for black people, and for everyone.”

Asked about Booker’s remarks by reporters, Biden declined to offer an apology and instead demanded one from Booker. The two men later spoke privately.

“Cory shared directly what he said publicly — including helping Vice President Biden understand why the word ‘boy’ is painful to so many,” said Sabrina Singh, a Booker campaign spokeswoman. “Cory believes that Vice President Biden should take responsibility for what he said and apologize to those who were hurt.”

Biden’s campaign would not elaborate on the call, but it is clear the topic could linger over the coming days.

Biden has scheduled a sit-down interview with MSNBC, his campaign has been sending out talking points to surrogates, and some black supporters are eager to hear the former vice president offer a fuller explanation.

“I think he’s got to address it head on and show people what his line of thinking was,” said Antjuan Seawright, a Democratic strategist in South Carolina who is close with Biden’s team. “I don’t think they need to get off course with their strategy. I just think they have to address it as it comes up and move on.”

Other Biden supporters, however, think he’s taking just the right approach and standing by his long-held beliefs.

I encouraged campaign staff that I know to say: ‘Don’t back off on this. This is precisely why you’re the right guy in the right place at the right time.’ And I was glad to see that he didn’t,” said Dave O’Brien, a longtime Biden supporter in Cedar Rapids, Iowa.

“You know that some of the other issues, he’s got to evolve with the times, which he has,” O’Brien added. “But there are points where you need to make a stand, so I was very glad to see him not back off on this issue.”

https://www.inquirer.com/politics/nation/joe-biden-james-eastland-segregation-democratic-primary-20190621.htmlPosted: June 20, 2019 – 10:59 PM

Biden not apologizing for remarks on segregationist senators

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Democratic presidential candidate, former Vice President Joe Biden, speaks at the Poor People’s Moral Action Congress presidential forum in Washington, Monday, June 17, 2019. (AP Photo/Susan Walsh)

Joe Biden refused calls to apologize Wednesday for saying that the Senate “got things done” with “civility” even when the body included segregationists with whom he disagreed.

His rivals for the Democratic presidential nomination, including the two major black candidates in the contest, roundly criticized Biden’s comments. But Biden didn’t back down and was particularly defiant in the face of criticism from New Jersey Sen. Cory Booker, who said the former vice president should apologize for his remarks.

Biden countered that it was Booker who should apologize because the senator “should know better” than to question his commitment to civil rights.

“There’s not a racist bone in my body,” Biden said. “I’ve been involved in civil rights my whole career.”

Speaking on CNN, Booker responded: “I was raised to speak truth to power and that I shall never apologize for doing that. And Vice President Biden shouldn’t need this lesson.”

The firestorm is quickly becoming one of the most intense disputes of the Democratic presidential primary, underscoring the hazards for Biden as he tries to turn his decades of Washington experience into an advantage. Instead, he’s infuriating Democrats who say he’s out of step with the diverse party of the 21st century and potentially undermining his argument that he’s the most electable candidate in the race.

The controversy began at a New York fundraiser Tuesday when Biden pointed to long-dead segregationist senators James Eastland of Mississippi and Herman Talmadge of Georgia to argue that Washington functioned more smoothly a generation ago than under today’s “broken” hyperpartisanship.

“We didn’t agree on much of anything,” Biden said of the two men, who were prominent senators when Biden was elected in 1972. Biden described Talmadge as “one of the meanest guys I ever knew” and said Eastland called him “son,” though not “boy,” a reference to the racist way many whites addressed black men at the time.

Yet even in that Senate, Biden said, “At least there was some civility. We got things done.”

A pile on from Biden’s rivals quickly ensued. Booker said he was disappointed by Biden’s remarks.

“I have to tell Vice President Biden, as someone I respect, that he is wrong for using his relationships with Eastland and Talmadge as examples of how to bring our country together,” said Booker, who is African American.

New York City Mayor Bill de Blasio, a fellow Democratic presidential candidate and a white man who is married to a black woman, tweeted: “It’s 2019 & @JoeBiden is longing for the good old days of ‘civility’ typified by James Eastland. Eastland thought my multiracial family should be illegal.”

California Sen. Kamala Harris, a black presidential candidate, said Biden was “coddling” segregationists in a way that “suggests to me that he doesn’t understand … the dark history of our country” — a characterization Biden’s campaign rejects.

Former Texas Rep. Beto O’Rourke, another 2020 candidate, said, “For the vice president to somehow say that what we’re seeing in this country today is a function of partisanship or a lack of bipartisanship completely ignores the legacy of slavery and the active suppression of African Americans and communities of color right now.”

The tumult comes at a crucial point in the campaign. Biden is still recovering from controversy he sparked earlier this month when he angered many Democrats by saying he didn’t support federal taxpayer money supporting abortion. He later reversed his position.

He’s among the more than 20 candidates who will descend on South Carolina this weekend to make their case to black voters at a series of Democratic events.

Meanwhile, most Democratic White House hopefuls will again gather in Miami next week for the first presidential debate of the primary season. Biden will almost certainly come under fire there for his comments this week.

He sought to defuse the tension on Wednesday by saying he was trying to argue that leaders sometimes have to work with people they disagree with to achieve goals, such as renewing the Voting Rights Act.

“The point I’m making is you don’t have to agree. You don’t have to like the people in terms of their views,” he said Wednesday. “But you just simply make the case and you beat them without changing the system.”

He has received support from some black leaders. Cedric Richmond, Biden’s campaign co-chairman and former Congressional Black Caucus chairman, said Biden’s opponents deliberately ignored the full context of his argument for a more functional government.

“Maybe there’s a better way to say it, but we have to work with people, and that’s a fact,” Richmond said, noting he dealt recently with President Donald Trump to pass a long-sought criminal justice overhaul. “I question (Trump’s) racial sensitivity, a whole bunch of things about his character … but we worked together.”

Likewise, Richmond said, Biden mentioned Jim Crow-era senators to emphasize the depths of disagreements elected officials sometimes navigate. “If he gets elected president, we don’t have 60 votes in the Senate” to overcome filibusters, Richmond noted. “He could be less genuine and say, ‘We’re just going to do all these things.’ But we already have a president like that. (Biden) knows we have to build consensus.”

Biden also drew a qualified defense from Republican Sen. Tim Scott of South Carolina, the only black senator from his party. Scott said that Biden “should have used a different group of senators” to make his point but that his remarks “have nothing to do with his position on race” issues. Scott said the reaction reflects an intense environment for Democrats in which the desire to defeat Trump means “anything the front-runner says that is off by a little bit” will be magnified.

https://apnews.com/5b57473cfcda44e4b35c8a40759a26fc

The gloves come off in the Democratic primary

This was the week that the battle for the nomination got real.

The tenor of the Democratic presidential primary has verged on courteous from the start: To the extent that Democrats went after Joe Biden, it was usually not by name. And Bernie Sanders and Elizabeth Warren kept their rivalry decidedly civil.

This week, with the first debates of the election season days away, the gentility came to an end.

Biden’s remarks at a New York fundraiser that “at least there was some civility” when he worked with segregationists in the Senate unleashed a torrent of criticism from his rivals and the left. And a story in POLITICO about centrists coming around to Warren as an “anybody but Bernie” alternative set off Sanders and his allies.

“We knew the primary wouldn’t be all puppies and rainbows forever,” said Ben LaBolt, a former adviser to Barack Obama. “And as the debates approach you can see a new dynamic emerging.”

The reaction from Biden’s rivals to his comments was fierce.

New York Mayor Bill de Blasio, whose wife is African American, noted that one of the segregationists Biden invoked, James Eastland of Mississippi, would have outlawed his marriage. Sen. Cory Booker, who is black, took offense that Biden seemed to make light of Eastland calling him “son” but not “boy.”

“You don’t joke about calling black men ‘boys’,” Booker said.

Booker called on Biden to apologize but Biden took a different path. Outside a fundraiser Wednesday night, a defiant Biden said he had nothing to be sorry for and that it’s Booker who should apologize for questioning someone without “a racist bone in my body.”

“He knows better,” Biden said.

The crossfire marked some of the most direct and intense exchanges so far of the 2020 primary campaign. And it signals that with less than a week until the first televised debate, the field is done tiptoeing around.

“Running for president is no tea party. It’s a battle. And it is customary for candidates to begin to engage at this stage. The polite preliminaries are over,” said Democratic strategist and former Obama hand David Axelrod. “And since there is generally broad agreement on issues, if not solutions, the disputes necessarily turn on other things.”

In a separate episode, Sanders dispatched a tweet that was viewed as a sideswipe of Warren.

“The cat is out of the bag. The corporate wing of the Democratic Party is publicly ‘anybody but Bernie,’” Sanders wrote on Twitter, sharing a POLITICO storyheadlined: “Warren emerges as potential compromise nominee.”

Sanders faced his own backlash over the remark.

“If we had a multi-party parliament, it’d be pretty normal for Sanders and Warren to campaign against each other for leadership in a Social Democratic Party. That said, I still find this move pretty dissapointing [sic] and unnecessary. Draw contrasts if you want, but not like this,” tweeted Waleed Shadid, communications director of the progressive group Justice Democrats.

Shadid later noted that Sanders on CNN said his remark was targeted at the moderate think tank Third Way, and not Warren.

Still, the escalating tensions come as Warren is gaining on Sanders in polls. She leapfrogged him in recent surveys in Nevada and California. And a Monmouth University poll released Wednesday showed Warren and Sanders virtually tied for second, with Warren, at 15 percent, gaining five points in one month. Biden still led the field at 32 percent.

“Biden’s numbers have held up higher than expected and a number of challengers are going after his gaffes more aggressively than before,” LaBolt said. “Warren has begun eating into Bernie’s numbers and he is trying to fend her off.”

Still, one Democratic veteran of the 2016 campaign, ex-Sanders adviser Mark Longabaugh, said the current tangles are nothing like what he experienced in that campaign. There’s plenty of time for it to get there, but it hasn’t happened yet.

“I don’t know if the gloves are off. I think the gloves may be getting a little loose — pulling out the fingertips to take the gloves off.” Longabaugh said. “Having been through the 2015-16 experience, I gotta tell ya, that was much more combative than anything you’ve seen in this race — not anything close.”

Not far from anyone’s mind are the first debates in Miami on Wednesday and Thursday next week.

“While this type of engagement is expected,” LaBolt said, “candidates should be careful not to cross any lines that could significantly damage potential nominees for the general.”

https://www.politico.com/story/2019/06/20/2020-election-democratic-primary-1373202

 

 

Part 2– Story 4: President Trump Pushes All The Right Buttons in 2020 Stump Speech in Orlando, Florida –Send Them Home — Lock Them Up — Four More Years — Videos

TRUMP 2020: President Trump Re-Election Campaign Rally – FULL SPEECH

What To Take Away From President Trump’s Re-Election Rally In Florida

FOX and Friends *6/19/19 | URGENT!TRUMP BREAKING News June 19, 2019

Orlando Fl Trump Rally CROWD FOOTAGE June 18th 2019

Trump slams Obamacare at 2020 reelection rally

President Trump’s 2020 campaign kicks off with a rally in Orlando, Florida

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WATCH: Vice President Mike Pence Speaks at President Trump’s Reelection Rally

WATCH: Donald Trump Jr. Delivers EXPLOSIVE Speech at Reelection Rally

LIVE 🔴 President Trump Rally in Orlando, Florida – June 18, 2019 – TRUMP 2020 RE-ELECTION RALLY

News Now Stream 2 6/18/19 (FNN)

Rep. Matt Gaetz: Trump’s Campaign Is An Inclusive Movement

FULL RALLY: President Trump Holds MASSIVE Rally in Orlando, FL

Trump supporters call speech ‘fantastic’

Anti-Trump Protesters Gather Outside Trump’s 2020 Kickoff Rally in Orlando

The Ingraham Angle 6/18/19 | Laura Ingraham Fox News June 18, 2019

Sean Hannity 6/18/19 | Fox News Today June 18 2019

Tucker Carlson Tonight 6/18/19 | Fox News Today June 18 2019

With Florida rally, Trump aims for a 2020 campaign ‘reset’

Trump to launch 2020 re-election bid in Florida

Orlando preps for huge crowds for Trump rally

Crowds grow for Trump rally in Orlando

People are lining up for President Trump’s event on Tuesday

THE PRESIDENT IS BACK: President Trump Returns From MASSIVE Orlando Rally

The Memo: Can Trump run as an outsider?

President Trump is running for reelection as an outsider candidate. But it’s a knotty challenge for someone who holds the world’s most powerful office.

Trump’s speech in Orlando, Fla., on Tuesday, which officially launched his 2020 bid, was rife with rhetoric portraying himself — and by extension his supporters — as victims of nefarious elites.

The president said that he and his allies were besieged by a “permanent political class” and “an unholy alliance of lobbyists and donors and special interests.”

“Our patriotic movement has been under assault from the very first day,” Trump insisted at one point. Moments before, he told the crowd, “the swamp is fighting back so viciously and violently.”

It’s the kind of language that makes Democrats roll their eyes. Trump, they note, is a billionaire property developer, born into wealth, who won the presidency on his first attempt — yet he portrays himself as the tribune of “the forgotten men and women of our country” whom he invoked in his January 2017 inaugural address.

But Trump’s unconventionality might, in itself, help him retain some kind of outsider cachet in a way that is unusual for an incumbent president.

“For any other president, yes, it is a challenge,” said Alex Conant, a Republican strategist who worked for Sen. Marco Rubio (R-Fla.) in the 2016 presidential primaries.

“But Trump is unlike any other president. Trump has been at war with the establishment since the moment he set foot in the White House,” he said.

It is certainly true that Trump was viewed with suspicion by the Republican Party from the time he began his presidential run — and that his language and attitudes are viewed with distaste by much of the Beltway political class.

But dislike for Trump’s personal antics is hardly confined to D.C. elites.

A Pew Research Center poll in March showed pluralities of the public believing that he was not “trustworthy,” “even-tempered” or “well-informed.”

For all Trump’s supposed concern with less affluent Americans, 56 percent of the respondents in the Pew poll said they did not believe he cared about “people like me,” whereas just 40 percent said he did care.

The GOP has largely made peace with him, with former rivals including Sens. Lindsey Graham (S.C.) and Rand Paul (Ky.) becoming enthusiastic supporters, congressional dissenters such as former Rep. Mark Sanford(R-S.C.) having been defeated in primaries and Trump now in firm control of the party apparatus.

Skeptics also point to both policies and personnel — from the steep cut in the corporate tax rate in 2017 to the 16-month run of the ethically challenged Scott Pruitt as head of the Environmental Protection Agency — as evidence that the swamp has remained undrained under Trump.

But Trump allies are insistent that the president’s feel for the cultural mores of blue-collar America remains a potent and underrated political weapon.

“He is certainly an outsider to the political establishment. They still don’t get him and he is not coming around to their way of thinking,” said Barry Bennett, who worked as a senior adviser to Trump’s 2016 campaign. “He may live inside the gates but he does not live inside the establishment. … I don’t know anyone who believes he has become some kind of Georgetown socialite.”

Michael Caputo, a longtime Trump friend, insisted, “I have never ever met anyone, any Trump supporter, who believes anything else besides the fact that he’s an outsider.”

There is clearly a political dividend to be gained if Trump can hold onto his outsider image.

In the recent past, voters in presidential elections have often chosen the candidate seen as less steeped in the ways of Washington.

Former President Obama won election twice as a change agent, initially winning the White House as the first black president and then securing a second term over GOP nominee Mitt Romney, the personification of a genteel Republican establishment.

Former President George W. Bush had only a tenuous claim to outsider status, given he was the son of a president — yet his campaign was able to paint then-Sen. John Kerry (D-Mass.) as a creature of Washington in the 2004 presidential election.

Before that, former President Clinton used his down-home Arkansas image as a weapon against an incumbent president, Bush’s father, George H.W Bush, and then won a second term over another GOP establishment favorite, then-Sen. Bob Dole (Kan.).

Independent observers acknowledge that Trump’s style, divisive though it is, could help him be seen as much more of a disruptor even than these recent predecessors.

“It’s almost impossible for an incumbent to run as an outsider, but Trump has held onto that credential,” said Tobe Berkovitz, a Boston University professor who specializes in political communications. “He is parlaying that into how he sees himself — running against the Democrats, the media, the elites.”

Republicans, meanwhile, argue that Trump’s outsider image could be especially useful if Democrats pick former Vice President Joe Biden as their nominee.

Biden, in their telling, is much easier to brand as a creature of Washington given his decades in the Senate. There will be a different challenge if Democrats instead choose one of Biden’s rivals who is a fresher face on the national political scene, such as Sen. Elizabeth Warren (D-Mass.) or Sen Kamala Harris (D-Calif.); or more radical, such as Sen. Bernie Sanders(I-Vt.).

Trump, billionaire Manhattanite though he may be, has long used the idea that he is sneered at by a snobbish elite to his own advantage.

On Tuesday, he told his supporters that Democrats “want to destroy you.”

It was a stark and visceral remark even by Trump’s standards.

But, after his 2016 victory, even his critics can’t be so sure it won’t work.

https://thehill.com/homenews/the-memo/449436-the-memo-can-trump-run-as-an-outsider

A Second Term for What?

Trump can’t win by relitigating 2016 and playing only to his base.

President Donald Trump looks on during a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign on June 18.PHOTO: MANDEL NGAN/AGENCE FRANCE-PRESSE/GETTY IMAGES

President Trump announced his campaign for a second term at a rally in Orlando on Tuesday evening that recounted his first-term record and 2016 victory before thousands of rapturous supporters. The only thing missing was an agenda for 2020.

The most striking fact of his speech was how backward looking it was. Every incumbent needs to remind voters of his record, Mr. Trump more than most because the media are so hostile.

Donald Trump Launches Campaign

The President is also right that his opponents have refused to recognize the legitimacy of his election. House Democrats may still try to impeach him for not obstructing an investigation into what wasn’t a conspiracy with Russia. His sense of “grievance,” to quote the media meme about his speech, on that point is entirely justified.

Yet Mr. Trump is asking for four more years, and his preoccupation with vindicating 2016 won’t resonate much beyond his core supporters. Most voters have moved on from 2016, which is why a majority opposes impeachment in every poll. They don’t much care about Mr. Trump’s greatest hits about Hillary Clinton, who alas for the President will not be on the ballot in 2020. They want to know why they should take a risk on Mr. Trump and his volatile character for another term.

This is all the more important given the way his first term has evolved on policy. One paradox is that his main policy successes have come from pursuing a conventional conservative agenda. The failures have been on the issues like trade and immigration that are the most identified with Trumpian disruption.

The economy’s renewed growth spurt came from tax reform, deregulation, liberating energy production and ending the anti-business harassment of the Obama years. His remaking of the judiciary and rebuilding of the military unite Republicans of all stripes. Criminal justice reform was the result of years of spade work on the right and left.

Mr. Trump deserves credit for pursuing all of this despite often ferocious opposition that might have intimidated a different GOP President. That’s true in particular of his withdrawal from the Iran nuclear deal and the Paris climate accord, where U.S. Democratic and media opinion is aligned with Europe’s elites.

On immigration, however, the President missed a chance to strike a deal trading more border security (including his wall) for legalizing Dreamers. He must now confront the asylum crisis at the border with no help from Democrats. On trade, Mr. Trump has disrupted global rules but has put nothing new and stable in their place. Asking voters to believe he’ll do better on these issues in a second term isn’t likely to turn many swing voters his way.

The other paradox of the Trump Presidency is his low approval rating despite a stronger economy. The polls show his approval rating on the economy is above 50% but his overall approval is 44.3% in the Real Clear Politics average. The difference is best explained by Mr. Trump’s polarizing behavior, which has alienated in particular college-educated voters and Republican women. In the latest Wall Street Journal-NBC poll, Mr. Trump is underwater with white college-educated women by a remarkable 20 percentage points.

Mr. Trump may figure he can persuade some of those skeptics by making the Democratic nominee even more unpopular than he is. If the Democrats oblige by nominating Bernie Sanders or Elizabeth Warren, that might be possible. But that is making a bet on the other party’s mistake, and a re-election campaign is typically a referendum on the incumbent.

Which is all the more reason to offer voters something more for a second term. He could put Democrats on the spot for high housing prices and homelessness by talking about restrictive zoning for elites and high property taxes. He could offer to reform higher education by making schools responsible for some of the debt of students who can’t repay loans, or invigorate vocational education to help young people who can’t go to college.

He could package health-care proposals to expand choice, reduce prices and make insurance portable; his administration has already proposed some of them. He could advance his theme of “draining the swamp” by offering ideas to reform the civil service. We’d include entitlement reform, but then Mr. Trump has shown no interest and we don’t believe in political miracles.

This is far from an exhaustive list, and Mr. Trump won’t win as a policy wonk in any case. But Mr. Trump also won’t win by relitigating the 2016 election or playing only to his political base. He needs more than he offered voters on Tuesday night.

Opinion: Countering Trump With Reliability, Not Bold Agenda

Opinion: Countering Trump With Reliability, Not Bold Agenda
A Fox News poll has found that Democrats prefer a “steady” candidate to a “big agenda” candidate. But going up against the scale of Donald Trump will be tough, so how do frontrunners Joe Biden, Bernie Sanders and Elizabeth Warren compare? Image: Getty

‘This election is about you. Your family, your future & the fate of YOUR country’: Trump lays it on the line at 20,000-strong Orlando rally as he kicks off 2020 re-election campaign with his entire family and obligatory digs at ‘Crooked Hillary’

  • The president spent the first half-hour of a Tuesday night rally hammering his old foe Hillary Clinton 
  • Trump said his team wondered if it should hold the rally in a venue which can hold 20,000 people
  • ‘Not only did we fill it up, but we had 120,000 requests… Congratulations!’ the president said to cheers
  • The president’s daughter-in-law, Lara Trump, invited the criticism when she wound up an arena of supporters
  • Husband Eric, who spoke after her, had a crowd of more than 20,000 screaming, ‘CNN Sucks!’ 
  • ‘He loves this country and we, as a family, love this country. We’re going to fight like hell,’ Eric said 
  •  Donald Trump Jr. mocked Joe Biden before the rowdy crowd that waited in the heat and rain for hours
  • ‘He gets up on the stump. It’s so stupid,’ he said, claiming the ex-VP has four-person crowds 

President Trump spent a Tuesday night rally he’d advertised as a 2020 kickoff hammering his old foe Hillary Clinton for acid washing her emails and failing to deliver on her pledge to beat him, while Democrats vying for the party’s nomination now escaped his wrath.

Noting that he’s under constant media scrutiny, Trump said that he’d be sent to the slammer if he ordered aides to destroy potential evidence.

‘But, can you imagine if I got a subpoena, think of this, if I got a subpoena for emails, if I deleted one email like a love note to Melania, it’s the electric chair for Trump,’ he claimed in a campaign speech in Orlando.

Trump said subpoenas he’s receiving are not about Democratic claims that his campaign may have colluded with Russia.

‘The Democrats don’t care about Russia, they only care about their own political power. They went after my family, my business, my finances, my employees, almost everyone that I’ve ever known or worked with,’ he argued. ‘But they are really going after you. That’s what it’s all about. It’s not about us, it’s about you. They tried to erase your vote, erase your legacy of the greatest campaign and the greatest election probably in the history of our country.’

U.S. President Donald Trump and first lady Melania Trump arrive on stage to formally kick off his re-election bid with a campaign rally in Orlando. He kicked off first official 2020 rally by claiming 120,000 people submitted requests to attend

U.S. President Donald Trump and first lady Melania Trump arrive on stage to formally kick off his re-election bid with a campaign rally in Orlando. He kicked off first official 2020 rally by claiming 120,000 people submitted requests to attend
First lady Melania Trump speaks as Trump looks on. Trump's first official campaign rally of 2020 opened much the way his 2016 candidacy ended - with his audience chanting 'Lock her Up!' in a slam on former Democratic opponent Hillary Clinton

First lady Melania Trump speaks as Trump looks on. Trump’s first official campaign rally of 2020 opened much the way his 2016 candidacy ended – with his audience chanting ‘Lock her Up!’ in a slam on former Democratic opponent Hillary Clinton

Trump's campaign turned the area outside the arena that can seat 20,000 people into a festival-like atmosphere with music and food trucks to help supporters pass the time

Trump’s campaign turned the area outside the arena that can seat 20,000 people into a festival-like atmosphere with music and food trucks to help supporters pass the time

Michael Boulos, Tiffany Trump, Lara Trump, Eric Trump, Jared Kushner, Ivanka Trump, Kimberly Guilfoyle, and Donald Trump Jr. arrive at a rally for US President Donald Trump

FLOTUS Melania introduces her husband at Trump 2020 rally

The president said, ‘They wanted to deny you the future you demanded and the future that America deserved and that now America is getting. Our radical Democrat opponents are driven by hatred, prejudice and rage. They want to destroy you, and they want to destroy our country as we know it. Not acceptable, it’s not going to happen. Not gonna happen.’

Trump claimed that Democrats as a party would use the ‘power of the law to punish their opponents’ if they’re handed the reigns to the country.

‘Imagine if we had a Democrat president and a Democrat Congress in 2020. They would shut down your free speech, use the power of the law to punish their opponents – which they’re trying to do now anyway – they’ll always be trying to shield themselves,’ he claimed. ‘They will strip Americans of their Constitutional rights while flooding the country with illegal immigrants in the hopes it will expand their political base and they’ll get votes someplace down the future. That’s what it’s about.’

Broad attacks on the Democratic Party and ‘radical socialism’ were the most stringent assaults that Trump would levy all night.

He said, ‘More than 120 Democrats in Congress have also signed up to support “Crazy Bernie Sanders” socialist government takeover of health care.

‘He seems not to be doing too well lately,’ the president said as an aside. ‘They want to end Medicare as we know it and terminate the private health insurance of 180 million Americans who love their health insurance. America will never be a socialist country.’

It was his only mention at the rally of one of his most formidable opponents. Former Democratic President Joe Biden was also a footnote in the speech, earning two mentions, as a part of the ‘Obama-Biden’ duo that Trump said ruined American foreign policy and drove down the nation’s economy.

‘Remember the statement from the previous administration? Would need a magic wand to bring back manufacturing? Well, tell “Sleepy Joe” that we found the magic wand. That’s a sleepy guy,’ the president added.

Trump outlined his vision tweeting: ‘Don’t ever forget – this election is about YOU. It is about YOUR family, YOUR future, & the fate of YOUR COUNTRY. We begin our campaign with the best record, the best results, the best agenda, & the only positive VISION for our Country’s future! #Trump2020’

The Trumps said their family has been under attack since the family patriarch declared his candidacy for president in 2015. Jared Kushner, left, Ivanka Trump arrive for the official launch of the Trump 2020 campaign

The Trumps said their family has been under attack since the family patriarch declared his candidacy for president in 2015. Jared Kushner, left, Ivanka Trump arrive for the official launch of the Trump 2020 campaign

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking leading Democratic candidate Joe Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president. Kimberly Guilfoyle, left, and Donald Trump Jr. pictured

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking leading Democratic candidate Joe Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president. Kimberly Guilfoyle, left, and Donald Trump Jr. pictured

Senior adviser Jared Kushner, Ivanka Trump and Kimberly Guilfoyle, watch as President Donald Trump speaks at his re-election kickoff rally at the Amway Center

Senior adviser Jared Kushner, Ivanka Trump and Kimberly Guilfoyle, watch as President Donald Trump speaks at his re-election kickoff rally at the Amway Center

Trump rails against Democrats, Mueller and ‘fake news’ at 2020 rally
Trump’s first official campaign rally of 2020 opened much the way his 2016 candidacy ended – with his audience chanting ‘Lock her Up!’ in a slam on former Democratic opponent Clinton.

The president’s daughter-in-law, Lara Trump, invited the criticism first. She wound up an arena of supporters with a claim that the media was saying Clinton was going to be the 45th President of the United States days before the election. ‘They have always been wrong,’ she declared.

Attacks on the media as ‘fake news’ and ‘dishonest’ from Lara and her husband Eric, who spoke after her, had a crowd of more than 20,000 screaming ‘CNN Sucks!’ minutes later.

The Trumps said their family has been under attack from one group or another since the family patriarch declared his candidacy for president in 2015.

‘He loves this country and we, as a family, love this country. And guys we are going to fight like hell – our family is going to fight like hell for this country. We will never ever stop fighting, and we will never ever, ever stop winning,’ the president’s son said. ‘And guys, we love you very much. We’re all going to be spending a lot of time in Florida. We’re going to be spending a lot of time in Florida. So we’re going to see you.’

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president.

‘I don’t know about you, but I look around this room and when Joe Biden’s putting about seven people in an audience, I’m saying, “I think they may be a little wrong with the polling.” But what they hell do I know?’ he said.

National polls show Biden beating Trump in a general election. A Quinnipiac University survey that came out Tuesday found that the former vice president would beat Trump by nine points, 50 – 41, the newly-released poll showed.

Vermont Sen. Bernie Sanders would win by a similar margin, 48 – 42, while other top Democrats would perform in the poll’s margin of error.

Trump campaign manager Brad Parscale told DailyMail.com inside the rally that Quinnipiac is ‘c**p’ in response to the latest poll showing bad news in a critical swing state for the controversial president.

Trump had already warned the public that this official launch of 2020 campaign would be 'wild,' after supporters camped out in tents for more than 30 hours to save their places at the front of a massive line that would ensure them floor seats

US First Lady Melania Trump greets US Vice President Mike Pence. Trump set the tone for the monster rally in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

US First Lady Melania Trump greets US Vice President Mike Pence. Trump set the tone for the monster rally in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

Lara Trump takes to the stage before her father-in-law United States President Donald Trump arrives on stage to announce his candidacy for a second presidential term at the Amway Center

Lara Trump takes to the stage before her father-in-law United States President Donald Trump arrives on stage to announce his candidacy for a second presidential term at the Amway Center

Donald Trump Jr. throws hats to supporters at the rally. He mocked Joe Biden before the rowdy crowd that waited for hours

Donald Trump Jr. throws hats to supporters at the rally. He mocked Joe Biden before the rowdy crowd that waited for hours

Trump attacks Democrats at his Orlando rally
Don Jr. brushed off the threat from Biden, 76, as he campaigned for his father, 73, on Tuesday in Orlando. He called Biden and his competitors a ‘clown show’ and gave the Democrat a new nickname. ‘Sloppy Joe,’ he called him, as he hit Biden for flip-flopping.

‘He gets up on the stump. It’s so stupid,’ he said. ‘To his group of about four people in the audience, “Government has failed you.” Usually, as he’s groping someone. It ain’t pretty, but there’s something off with that guy.’

The president’s son said he agrees that government is broken and it’s a problem. ‘The problem is Joe, you’ve been in government for almost 50 years. If government failed you, maybe you’re the problem Joe Biden,’ he said. ‘It’s not rocket science.’

Trump warned the public that the campaign rally would be ‘wild,’ and Don Jr. helped him deliver on the pledge.

He mocked Biden’s pledge to cure cancer, asking, ‘Why the hell didn’t you do that over the last 50 years, Joe?’

Don Jr. blamed the media for giving Biden a pass. ‘Why did not one of them say, “Well, Joe, how exactly are you going to do that?” And why didn’t you do that in the last eight years as vice president and the prior 40 years in government and the Senate?’

His father later claimed that he’d cure cancer in remarks that followed. ‘We will push onward with new medical frontiers. We will come up with the cures to many, many problems, to many, many diseases, including cancer and others and we’re getting closer all the time,’ he said.

Attacks on Clinton and media were a common theme throughout the night, with Trump pausing and waiting for his supporters to cheer, ‘CNN SUCKS!’ and ‘Lock her Up!’ as he talked about the former secretary of state’s acid-washed emails and her loss to him in the last election.

‘It was all an illegal attempt to overturn the results of our election, spy on our campaign, which is what they did,’ he complained.

Trump meets fans after stepping off Air Force One upon arrival at Miami International Airport in Miami

Trump meets fans after stepping off Air Force One upon arrival at Miami International Airport in Miami

Vice President Mike Pence, escorted in by Karen Pence, speaks before Trump takes the stage on Tuesday evening

A man holds up a sign as the crowd waits for US President Donald Trump to arrive at a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign

A man holds up a sign as the crowd waits for US President Donald Trump to arrive at a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign

Melania's spokesperson Stephanie Grisham speaks with White House senior advisor Kellyanne Conway at the campaign rally

Melania’s spokesperson Stephanie Grisham speaks with White House senior advisor Kellyanne Conway at the campaign rally

President Trump said as he opened the event that he could feel the ‘magic’ in Orlando – a play on the name of the city’s professional basketball team.

He spoke to supporters in the same arena that the team plays in, which is a venue that can hold roughly 20,000 people.

‘You know, I said, “This is a very big arena for a Tuesday night.” I said, “You know, if we have about three or four empty seats, the fake news will say – headlines: he didn’t fill up the arena.” So I said maybe we shouldn’t take the chance, maybe we shouldn’t go to Orlando, maybe we should go someplace else,’ Trump said in his opening remarks. ‘I said, “No, I think we’ll go to Orlando.” And, not only did we fill it up, but we had 120,000 requests. That means you folks have come out very, very good.’

Supporters camped out in tents for more than 30 hours to save their places at the front of a massive line that would ensure them floor seats at Tuesday evening’s show.

Saundra Kiczenski, a Michigan native who works in retail, waited from 7am on Monday. She said she’d been to rallies in support of the president in 15 states. She spent Monday night on the pavement in a sleeping bag.

‘I took the hotel pillow and slept on the ground,’ she told DailyMail.com on Tuesday afternoon as she waited to get in.

The Republican incumbent set the tone for the monster rally in Florida he’d be appearing at in the evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour.

‘The Fake News doesn’t report it, but Republican enthusiasm is at an all time high. Look what is going on in Orlando, Florida, right now! People have never seen anything like it (unless you play a guitar). Going to be wild – See you later!’ he tweeted on Tuesday morning.

A cover band with aging rockers who call themselves ‘The Guzzlers’ revved up the crowd under a beating sun at a ‘festival’ the campaign held in an outdoor parking lot, where vendors sold a captive and cramped group sodas, snow cones and Trump umbrellas.

Sweltering heat that topped 87 degrees soon turned to pouring rain, giving the umbrellas a dual purpose for supporters like Richard Snowden who chose to remain.

A resident of Las Vegas, Nevada, Snowden said he’d be ‘remiss’ to have skipped the kickoff. He told DailyMail.com from the comfort of a party-style tent his group had pitched that he’d attended 54 rallies since Trump announced his candidacy for office in 2015.

But even Snowden called himself a pragmatist and said of the president’s reelection odds, ‘I don’t think it’s going to be a cakewalk.’

‘The incumbency will help. He won’t catch them flat-footed this time,’ he observed, as he waited for the rally to begin. ‘And he won’t have the dislike of Hillary working in his favor,’ he said in remarks that proved to prescient.

The Republican incumbent set the tone for the monster rally in Florida he'd be appearing at in the evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

 

The US President and First Lady Melania Trump are pictured stepping off Air Force One upon arrival at Orlando International Airport in Orlando, Florida Tuesday

The US President and First Lady Melania Trump are pictured stepping off Air Force One upon arrival at Orlando International Airport in Orlando, Florida Tuesday

Special advisor to the US president Jared Kushner and White House Press Secretary Sarah Huckabee Sanders wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport

Michael Boulos and Tiffany Trump wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport in Orlando

Special advisor to the US president Jared Kushner and White House Press Secretary Sarah Huckabee Sanders, left, and Michael Boulos and Tiffany Trump, right, wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport on Tuesday

Donald Trump is putting an advisory on his Orlando rally, saying the official launch of 2020 campaign will be 'wild,' after supporters camped out in tents to save their places in line like they were waiting in line for a free concert with Rihanna

Donald Trump is putting an advisory on his Orlando rally, saying the official launch of 2020 campaign will be ‘wild,’ after supporters camped out in tents to save their places in line like they were waiting in line for a free concert with Rihanna

Supporters of President Donald Trump wait in line hours before the arena doors open for a campaign rally Tuesday

Supporters of President Donald Trump wait in line hours before the arena doors open for a campaign rally Tuesday

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Determined: The early start was an attempt by the fanatical Trump backers to be at the front of the crowd for the campaign kick-off

Determined: The early start was an attempt by the fanatical Trump backers to be at the front of the crowd for the campaign kick-off

https://www.dailymail.co.uk/news/article-7156179/Trumps-2020-kickoff-features-media-bashing-attacks-Joe-Biden-old-foe-Hillary-Clinton.html

 

Trump, in 2020 campaign mode, calls Democrats ‘radical’

today

President Donald Trump jabbed at the press and poked the political establishment he ran against in 2016 as he kicked off his reelection campaign with a grievance-filled rally focused more on settling scores than laying out his agenda for a possible second term.

Addressing a crowd of thousands at Orlando’s Amway Center on Tuesday night, Trump complained he was “under assault from the very first day” of his presidency by a “fake news media” and an “illegal witch hunt” that had tried to keep him and his supporters down.

He painted a disturbing picture of what life would look like if he loses in 2020, accusing his critics of “un-American conduct” and saying Democrats “want to destroy you and they want to destroy our country as we know it.”

“A vote for any Democrat in 2020 is a vote for the rise of radical socialism and the destruction of the American dream,” he said. Trump made only passing mention of any of the Democrats running to replace him even as he tossed out “radical” and “unhinged” to describe the rival party.

Trump has long railed against the special counsel’s investigation into Russian meddling in the 2016 election and the ongoing probes by House Democrats in the aftermath of Robert Mueller’s report .

President Donald Trump officially kicked off his re-election campaign Tuesday with a grievance-filled Florida rally. "We're going to keep it better than ever before," he declared. (June 18)

The apocalyptic language and finger-pointing made clear that Trump’s 2020 campaign will probably look a whole lot like his run three years ago. Even after two-and-a-half years in the Oval Office, Trump remains focused on energizing his base and offering himself as a political outsider running against Washington.

Republican Party Chairwoman Ronna McDaniel tweeted Wednesday morning that Trump had raised $24.8 million in less than 24 hours for his reelection.

In his speech, Trump spent considerably more time focused on former Democratic rival Hillary Clinton than on his current 2020 challengers, even though she is not on the ballot.

Thousands of Trump supporters began gathering outside the arena on Monday.

“Trump has been the best president we’ve ever had,” said Ron Freitas, a retired Merchant Marine and registered Democrat from Orlando.

Hundreds of anti-Trump protesters clapped and took photos when a 20-foot (6-meter) blimp of a snarling Trump baby in a diaper was inflated. Some members of the far-right hate group Proud Boys were also spotted marching outside the rally.

Trump aides scheduled the kickoff near the four-year anniversary of the day when the former reality television star and New York tabloid fixture launched his longshot campaign for president with a famous escalator ride in front of a crowd that included paid actors.

Trump spoke fondly of his 2016 race, calling it “a defining moment in American history.” He said that in the years since, he had upended Washington, staring down “a corrupt and broken political establishment” and restoring a government “of, for and by the people.”

He never has really stopped running. He filed for reelection on Jan. 20, 2017, the day of his inauguration, and held his first 2020 rally in February, 2017, in nearby Melbourne. He has continued holding his signature “Make America Great Again” rallies in the months since.

Trump asked the crowd whether he should stick with “Make America Great Again” or upgrade his slogan. His new one — “Keep America Great” — was greeted with boisterous cheers.

Trump is hoping to replicate the dynamics that allowed him to take charge of the Republican Party and then the presidency as an insurgent intent on disrupting the status quo. In 2016, he successfully appealed to disaffected voters who felt left behind by economic dislocation and demographic shifts. He has no intention of abandoning that mantle, even if he is the face of the institutions he looks to disrupt.

The president underscored that on the eve of the rally in must-win Florida, returning to the hardline immigration themes of his first campaign by tweeting that next week, Immigration and Customs Enforcement “will begin the process of removing the millions of illegal aliens who have illicitly found their way into the United States.”

That promise, which came with no details and sparked Democratic condemnation, seemed to offer a peek into a campaign that will largely be fought along the same lines as his first bid, with very few new policy proposals for a second term.

Early Democratic front-runner Joe Biden said Trump’s politics are “all about dividing us” in ways that are “dangerous — truly, truly dangerous.”

Another leading Democratic contender, Vermont Sen. Bernie Sanders, said Trump had delivered “an hour-and-a-half speech of lies, distortions and total, absolute nonsense.”

But those involved in the president’s reelection effort believe his version of populism, combined with his mantra to “Drain the Swamp,” still resonates, despite his administration’s ties with lobbyists and corporations and the Trump family’s apparent efforts to profit off the presidency.Critics have pointed out his constant promotion for his golf courses, both at home and abroad, and note that this daughter, White House senior aide Ivanka Trump, made $4 million last year from her stake in the president’s Washington hotel, which has become a favored destination for foreign nationals looking to curry favor with the administration.

Advisers believe that, in an age of extreme polarization, many Trump backers view their support for the president as part of their identity, one not easily shaken. They point to his seemingly unmovable support with his base supporters as evidence that he is still viewed the same way he was as a candidate: a political rebel.

Trump tried to make the case that he had made good on his 2016 promises, including cracking down on illegal immigration and boosting jobs.

Near the rally’s end, Trump ran through a list of promises for a second term, pledging a new immigration system, new trade deals, a health care overhaul and a cure for cancer and “many diseases,” including eradicating AIDS in America.

https://apnews.com/947182a691e6498ca4488e9fc8f9e4b5

President Trump spent a Tuesday night rally he’d advertised as a 2020 kickoff hammering his old foe Hillary Clinton for acid washing her emails and failing to deliver on her pledge to beat him, while Democrats vying for the party’s nomination now escaped his wrath.

Noting that he’s under constant media scrutiny, Trump said that he’d be sent to the slammer if he ordered aides to destroy potential evidence.

‘But, can you imagine if I got a subpoena, think of this, if I got a subpoena for emails, if I deleted one email like a love note to Melania, it’s the electric chair for Trump,’ he claimed in a campaign speech in Orlando.

Trump said subpoenas he’s receiving are not about Democratic claims that his campaign may have colluded with Russia.

 

A sunshine state of mind! Melania and Donald Trump gaze lovingly at one another as they leave the White House hand-in-hand and head to Florida for the president’s 2020 rally

  • Trump, 73, and Melania, 49, departed the White House together on Tuesday to fly to Florida
  • The President will be officially launching his 2020 campaign with a rally at the Amway Center
  • The first lady wore a summery $2,290 white eyelet Andrew Gin dress with a pair of red and white polka-dot heels
  • She grinned at her husband as they walked hand-in-hand to Marine One
  • Melania is not expected to speak at the event, which will include an estimated 20,000 people

Donald and Melania Trump had a rare romantic public moment on Tuesday as the two left the White House for Orlando, Florida.

The President and first lady walked hand-in-hand across the South Lawn of the White House before boarding Marine One on their way to Trump’s 2020 campaign kickoff rally.

Cameras caught the couple sharing a warm smile as they held onto each other, Trump, 73, dressed in a navy suit and red tie and his 49-year-old wife took advantage of the June heat in a $2,290 summery white eyelet dress from Andrew Gin, and red polka-dot heels.

All smiles: Donald and Melania Trump held hands and beamed at one another as they walked across the White House lawn to begin their trip to Orlando, Florida, on Tuesday

All smiles: Donald and Melania Trump held hands and beamed at one another as they walked across the White House lawn to begin their trip to Orlando, Florida, on Tuesday

Ready to get away! The 49-year-old first lady couldn't wipe the smile off her face as she and the president strolled across the South Lawn

Ready to get away! The 49-year-old first lady couldn’t wipe the smile off her face as she and the president strolled across the South Lawn

On their way: They appeared to be in good spirits as they set out for Orlando, Florida+19

On their way: They appeared to be in good spirits as they set out for Orlando, Florida

Hands on: At one point, Trump clasped one of Melania's hands in both of his own+19

Hands on: At one point, Trump clasped one of Melania’s hands in both of his own

The couple isn’t typically much for PDA but shared an intimate smile as they walked passed photographers.

They held each other’s hands, with Trump stopping at one point in order to clasp Melania’s left hand in both of his own.

Melania beat the heat, which is hovering in the mid-to-high 80s in Washington, D.C. today, in a breezy but figure-flaunting white sleeveless dress, which featured a seasonally appropriate eyelet patter with floral cutouts on the top.

She accessorized with a pair of dark sunglasses and red and white pointy-toe pumps. while wearing her brown hair blown out around her shoulders.

The couple, who married in 2005, celebrated their 14th wedding anniversary in January, just one year less than he was married to his first wife Ivana.

The couple grinned as they boarded Marine One and then switched planes for Air Force One at Andrews Air Force Base in Maryland.

Hot out here: Melania wore a summery white eyelet dress for the occasion, as temperatures soared into the high 80s+19

Hot out here: Melania wore a summery white eyelet dress for the occasion, as temperatures soared into the high 80s

Protection: She shielded her eyes behind a pair of sunglasses+19

Protection: She shielded her eyes behind a pair of sunglasses

High heels: On her feet were a pair of red polka dot pointy-toe pumps+19

High heels: On her feet were a pair of red polka dot pointy-toe pumps

Ready to go: The well-coiffed first lady had her hair and nails done+19

Ready to go: The well-coiffed first lady had her hair and nails done

They’re flying down not to Mar-a-Lago but Orlando, where Trump is kicking off his 2020 presidential campaign at the Amway Center in front of an estimated 20,000 people.

Trump’s campaign is transforming the area outside the arena to have a festival-like atmosphere, with music and food trucks to help supporters pass the time.

The most coveted positions are not seats at all, but standing positions near the front of the stage. Backers of the president in that area are likely to get a handshake, a selfie or Trump’s autograph at the event that formally marks the beginning of his campaign for a second term.

All of Trump’s children and his wife Melania will be with him at the event, sources told DailyMail.com, as will the Mike Pence, the president’s running mate and the nation’s vice president.

The first lady does not plan to make formal remarks on Tuesday night, her office said, but given the president’s tendency to call on people to speak, she could end up addressing the crowd.

Donald Trump, Jr., on the other hand is expected to give remarks before the rally.

Beat the heat: Melania kept breezy in the lightweight dress+19

It will likely also serve her well in the Florida heat+19

Beat the heat: Melania kept breezy in the lightweight dress, which will likely also serve her well in the Florida heat

Staying behind: The first lady does not plan to make formal remarks on Tuesday night, her office said+19

Staying behind: The first lady does not plan to make formal remarks on Tuesday night, her office said

Change of plan? The couple's 13-year-old son Barron is also expected to be at the rally, but was not seen traveling with them+19

Change of plan? The couple’s 13-year-old son Barron is also expected to be at the rally, but was not seen traveling with them

Family affair: Trump's adult children — Ivanka, Don Jr., Eric, and Tiffany — are also expected to be there+19

Family affair: Trump’s adult children — Ivanka, Don Jr., Eric, and Tiffany — are also expected to be there

Melania continued to smile at her husband as they switched planes at Joint Base Andrews+19

Melania continued to smile at her husband as they switched planes at Joint Base Andrews

See ya! Trump waved goodbye as they boarded the plane together+19

See ya! Trump waved goodbye as they boarded the plane together

The president’s eldest son is a frequent presence at campaign events — with and without his father — and often serves as a warm-up act for the president’s supporters. He’s also campaigned and raised money for other Republican candidates since his father entered politics.

His girlfriend Kimberly Guilfoyle, a former Fox News personality, is also scheduled to be at the rally. She serves as a senior adviser to the president’s reelection campaign.

Senior advisers and family members to the president Jared Kushner and Ivanka Trump are also expected to be at the rally.

It’s unclear if Lara Trump, wife of Eric Trump, will be in Orlando. She serves as a senior adviser to the president’s campaign, but is also pregnant with the couple’s second child. She made a state trip to the UK in early June.

It will be 13-year-old Barron Trump’s first appearance at a campaign rally since his father took office.

Trump’s youngest daughter Tiffany, who has been less involved than her older siblings in her father’s campaigns and administration, will also be there.

Orlando Trump supporters stakeout spots ahead of rally

Waiting for him: The rally will mark the official launch of 2020 campaign+19

Waiting for him: The rally will mark the official launch of 2020 campaign

Patience: Supporters waited in line hours before the arena doors opened on Tuesday+19

Patience: Supporters waited in line hours before the arena doors opened on Tuesday

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Wild: The Republican incumbent set the tone in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

President Trump release his 2020 campaign ad for re-election

The Republican incumbent set the tone for the monster rally in Florida he’d be appearing at this evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour.

‘The Fake News doesn’t report it, but Republican enthusiasm is at an all time high. Look what is going on in Orlando, Florida, right now! People have never seen anything like it (unless you play a guitar). Going to be wild – See you later!’ he said.

Trump had apparently dropped a claim that ‘thousands’ turned up on Monday, with about 250 people camping overnight. But the numbers grew steadily as temperatures soared in Orlando Tuesday, reaching 87 degrees before an hour-long downpour that soaked a waiting crowd.

A new Quinnipiac poll showed Trump losing Florida to Democratic nemesis Joe Biden. The former vice president would beat Trump by nine points, 50 – 41 per cent, the newly-released survey showed.

Vermont Sen. Bernie Sanders would win by a similar margin, 48 – 42, while other top Democrats would perform in the poll’s margin of error

https://www.dailymail.co.uk/femail/article-7155853/Melania-Trump-smiles-warmly-husband-depart-Orlando-campaign-kickoff-rally.html

 

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The Pronk Pops Show 1158, October 18, 2018, Story 1: American People Demand Enforcement of All Immigration Laws — Deport and Remove All Illegal Aliens — All 30-60 Million — If Trump Cannot Cannot Build Big Beautiful Barrier and Enforce The Law — Find Someone Who Will! — Videos — Story 2: Down The Road To Serfdom With Two Big Government Parties — Beyond The Tipping Point — Videos — Story 3: Fair Tax Less Now — Videos

Posted on October 20, 2018. Filed under: Addiction, American History, Books, Breaking News, Bribery, Bribes, Budgetary Policy, Business, Communications, Congress, Corruption, Countries, Crime, Culture, Defense Spending, Donald Trump, Drugs, Economics, Education, Employment, Energy, Fiscal Policy, Free Trade, Freedom of Speech, Government, High Crimes, History, House of Representatives, Illegal Drugs, Illegal Drugs, Labor Economics, Legal Drugs, Medicare, Radio, Raymond Thomas Pronk, Senate, Socials Security, Success, Tax Fraud, Tax Policy, Taxation, Taxes, Technology, United States of America, Videos, Violence, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

 

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Story 1: American People Demand Enforcement of All Immigration Laws — Deport and Remove All Illegal Aliens — All 30-60 Million — If Trump Cannot Cannot Build Big Beautiful Barrier and Enforce The Law — Find Someone Who Will! — Videos

US reaches deal with Mexico to stop migrant caravan: Fox News report

Ingraham: The caravan of lies and manipulation

A Nation of Immigrants

Immigration, World Poverty and Gumballs – NumbersUSA.com

Tucker Carlson Tonight 10/18/18 | Breaking Fox News Today | October 18, 2018

 

Donald Trump Suggests Someone Is Paying Migrants in Caravan

Honduran migrants take part in a caravan heading toward the U.S. in Chiquimula, Guatemala on October 17. Currently, the group is making its way through Guatemala and it is unclear whether it will be allowed to enter Mexico.

 

President Donald Trump suggested Thursday that someone was paying migrants in the caravan traveling to the United States from Honduras.

“We’re starting to find out, and I won’t say 100 percent, I’ll put a little tiny question mark at the end … but a lot of money has been passing through people to come up and try to get to the border by election day,” Trump said during a campaign rally in Montana.

The group of over 4,000 migrants is currently traveling through Guatemala, although the president did not cite evidence on Thursday to back his claim that some of them could be paid.

The president said the caravan would be stopped before they reached the border, mocking Democrats for trying to influence the immigration issue.

“They wanted that caravan, and there are those who say that caravan didn’t just happen,” Trump said.

He told supporters the Mexican government would “hopefully” stop the caravan before it reached their own Southern border.

If Mexico failed, he reassured the crowd, he would send the military to the Southern border.

He ripped Democrats for favoring illegal immigration, accusing them of wanting to import more voters into the United States.

“Hey, they’re not so stupid when you think about it,” he said. “But they are crazy.”

Trump repeated that he needed more Republicans in Congress to help him change the immigration laws, calling them the “worst in the world” for allowing migrants to claim asylum and get released into the country.

He admitted that the flood of migrants coming into the country was “his fault.”

“I caused it because I have created such an incredible economy and I have created so many jobs, I have made this country so great that everybody wants to come in!”

INVASION USA

BORDER CARAVAN PUTS TRUMP LEGACY ON THE LINE

Pat Buchanan: How president handles issue will determine November election, 2020

Our mainstream media remain consumed with the grisly killing of Washington Post columnist Jamal Khashoggi in the Saudi consulate in Istanbul, and how President Donald Trump will deal with Crown Prince Mohammed bin Salman.

Understandably so, for this is the most riveting murder story since O.J. Simpson and has strategic implications across the Middle East.

Yet far more critical to the future of our civilization is the ongoing invasion of the West from the Third World.

Consider the impact of the decision by Chancellor Angela Merkel in 2015 to throw open Germany’s doors to 1 million refugees from Syria’s civil war.

Last weekend, in a crushing blow to Merkel, the Christian Social Union, the Bavarian sister party of her CDU, won its smallest share of the vote in half a century, 37 percent. Her coalition party, the SPD, saw its share of the Bavarian vote fall to a historic low of less than 10 percent.

The right-wing Alternative for Deutchland saw its support rise to 10 percent and has become a force in German politics. Some conservatives are urging the CDU to adopt the AfD hardline on illegal immigration.

The message sent by the Bavarian electorate is the message voters across Europe have been sending to their own capitals for years: You are failing in your first duty – defense of the homeland from foreign invasion. Mass migration of unassimilable peoples and cultures from a global South represents an existential threat to our Europe.

As Merkel’s chancellorship approaches its end, French President Emmanuel Macron, her progressive EU partner, has seen his approval fall to below 30 percent.

The U.S.-led NATO alliance may guard the Baltic and Black Sea regions against a Russian invasion from the east. But in Central, Southern and Western Europe, the more feared invaders are the peoples of Africa and the Muslim world, whose numbers are expected to triple or quadruple by this century’s end.

And as their numbers grow, so, too, does their desperation to escape, even at risk of their lives, the poverty, wars and repression of their homelands to cross the Med and fill the empty spaces left by a depopulating Europe.

It also now appears that the U.S. elections, not three weeks away, may be affected by another immigration crisis on the U.S. border.

As of Thursday, a caravan of 4,000 refugees without visas had crossed from Honduras into Guatemala and was heading toward Mexico. By Election Day, it will either have been stopped, or it will be here. And this caravan is a portent of things to come.

According to the Washington Post, during FY 2018, which ended last month, 107,212 members of “family units” crossed over into the U.S., “obliterating the previous record of 77,857 set in 2016.”

Citing DHS figures, the Post adds, “Border patrol agents arrested 16,658 family members in September alone, the highest one-month total on record and an 80 percent increase from July.”

When Trump, under intense political fire, ended his “zero tolerance” policy of separating refugees from their children, this message went out to Mexico and Central America:

Bring your kids with you when you cross the border. They will have to stay with you, and they cannot be held for more than 20 days. Thus, when they are released, you will be released to await a hearing on your claim of asylum. The odds are excellent that you can vanish into the U.S. population and never be sent back.

Enraged, Trump has threatened to cut off aid to El Salvador, Honduras and Guatemala if they do not stop the caravans and has warned Mexico he will use the U.S. military to secure our border.

Unwanted mass migration is the issue of our time, as there is no foreseeable end to it before it alters America irremediably.

As these migrants are almost all poor, not highly skilled and do not speak English, most will join that segment of our population that pays no income taxes but qualifies for social welfare benefits like food stamps, medical care and free education in our public schools.

They are thus a net drain upon the resources of a nation that is already, at full employment, running a deficit of $779 billion a year.

These migrants, however, are a present and future benefit to the Democratic Party that built and maintains our mammoth welfare state, and which, in presidential elections, routinely wins 70 to 90 percent of the votes of people whose trace their ancestry to Asia, Africa and Latin America.

Not without reason, Democrats believe that if they can change the composition of the American electorate, they can control America forever.

If Donald Trump was elected on any one issue, it was immigration and his promises to secure the border, build the wall and halt the invasion.

How he deals with the impending crisis of the migrant caravan may affect both the fate of his party in November and his presidency in 2020.

 https://www.wnd.com/2018/10/border-caravan-puts-trump-legacy-on-the-line/#pmkuiiM0qr6G9cjL.99

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Kamala Harris and other prominent Democrats want to repeal Trump’s tax cuts and replace them with cash payouts for the poor and working class

  • With midterm elections 2½ weeks away and the 2020 presidential race around the corner, prominent Democrats are embracing an ambitious idea: Repeal and replace the $1.5 trillion Republican tax plan.
  • The proposals would get rid of the tax cuts and, in turn, funnel that money into government-guaranteed cash for low- and middle-income households.
  • Possible White House contender Sen. Kamala Harris announced a plan this week that would give working families up to $6,000 each year, with the option of receiving monthly payments.

Senator Kamala Harris, a Democrat from California, questions Gina Haspel, director of the Central Intelligence Agency (CIA) nominee for President Donald Trump, not pictured, during a Senate Intelligence Committee confirmation hearing in Washington, D.C., 

Andrew Harrer | Bloomberg | Getty Images
Senator Kamala Harris, a Democrat from California, questions Gina Haspel, director of the Central Intelligence Agency (CIA) nominee for President Donald Trump, not pictured, during a Senate Intelligence Committee confirmation hearing in Washington, D.C.,

With midterm elections 2½ weeks away and the 2020 presidential race around the corner, prominent Democrats are embracing an ambitious idea: Repeal and replace the $1.5 trillion Republican tax plan.

The proposals would get rid of the tax cuts and, in turn, funnel that money into government-guaranteed cash for low- and middle-income households.

Sen. Kamala Harris, D-Calif., announced a plan this week that would give working families up to $6,000 each year, with the option of receiving monthly payments. Sen. Sherrod Brown, D-Ohio, and Rep. Ro Khanna, D-Calif., outlined a similar idea last year. A bill from Rep. Bonnie Watson Coleman, D-N.J., would allow family caregivers and students to receive the money as well.

Facebook co-founder on how tax cuts and economic growth impact investments

Facebook co-founder on how tax cuts and economic growth impact investments  

“The idea was to provide a clear contrast with Donald Trump,” Khanna told CNBC in an interview. “You know what you could actually do with this money? You could give anyone making under $75,000 a raise.”

The measures are significantly more dramatic than some previous Democratic proposals – a reflection of the proximity to the midterm elections and the early interest surrounding the presidential race in 2020. Harris and Brown are potential contenders for the White House, and Democrats have been seeking bold ideas to present to their energized electorate.

“You know what you could actually do with this money? You could give anyone making under $75,000 a raise.”-Rep. Ro Khanna, D-Calif.

“There’s all kind of evidence that voters are not looking for incremental solutions,” said Adam Ruben, campaigns director at the Economic Security Project, a liberal think tank that has pushed the idea. “They’re looking for a big vision of how to pick up all the people who have been left behind in this economy.”

Harris’ plan would create a new tax credit of up to $3,000 for individuals or $6,000 for households. They could opt to receive the money in a lump sum after filing their annual tax return or in monthly installments of $250 to $500, which Harris said could help reduce reliance on payday lenders. The credit would be refundable, which means workers would receive the money even if they don’t owe any taxes. Households earning up to $100,000 would be eligible.

The bill shares many of the same elements of an earlier bill from Brown and Khanna. Their proposal would expand the existing earned income tax credit up to roughly $12,000 for a family with three children. The money could also be paid monthly, but it would only cover households earning up to about $76,000. The lawmakers introduced the bill last fall with more than 50 co-sponsors in the House; no other senators signed on to the measure at the time.

Trump agenda, attitude overshadow tax cuts for GOP in midterms

Trump agenda, attitude overshadow tax cuts for GOP in midterms  

“We’ve seen the debate shift,” Khanna said. “My hope is that other presidential candidates will look at the Brown plan and embrace it as the alternative to Trump.”

Ruben said his organization has spoken with other potential Democratic candidates about the idea but declined to specify whom. Earlier this year, Senate Democrats announced a more modest proposal to roll back the GOP tax cuts: Move the top tax rate for individuals back to 39 percent, raise the corporate tax rate 4 percentage points to 25 percent and reinstate the alternative minimum tax.

Rep. John Delaney, D-Md., who has announced he is running in 2020, has called for nudging the corporate tax rate up to 23 percent to pay for $1 trillion in infrastructure spending. He told CNBC he also supports expanding the earned income tax credit but did not say by how much.

“We must reform our tax code in a way that is fiscally responsible, addresses our long-term economic competitiveness needs and helps working families,” he said in a statement.

Indeed, the new tax credits come with a hefty price tag. Brown and Khanna’s plan is expected to cost about $1.4 trillion – just about what the Republican tax plan costs. Harris’ bill is likely to be in the same ballpark. That’s why liberals say repealing the current law is a critical component of their plan.

Yet Democrats have repeatedly attacked the GOP tax cuts for ballooning the deficit. And while they argue that the new credits would support long-term economic growth, they are not claiming such a plan would pay for itself.

Rohit 'Ro' Khanna

David Paul Morris | Bloomberg | Getty Images
Rohit ‘Ro’ Khanna

Republicans are preparing for battle.

The conservative Heritage Foundation released an analysis this week showing repealing the tax cuts in 2020 would cost the average household nearly $27,000 in lost take-home pay over the next decade. Some of the decline is due to higher individual tax rates, said Adam Michel, a policy analyst at Heritage and one of the authors of the report. But most of it is the result of lower economic growth because of higher corporate rates, he said.

“That’s where a lot of the juice comes from,” Michel said. “That’s the thing I’m frankly most concerned about.”

Democrats have also criticized the GOP for passing its sweeping tax plan with a party-line vote. Yet it seems unlikely that any Republicans would support repealing and replacing what GOP leadership has dubbed the “crown jewel” of its legislative agenda.

“The tax cuts launched our booming economy into the stratosphere and anybody advocating for repeal will have to explain why they want to reverse the jobs and wage growth our country has seen since the law passed,” said John Ashbrook, a Republican strategist who worked under Senate Majority Leader Mitch McConnell.

The Nov. 6 elections will be a testing ground for the Democratic agenda, and Economic Security Project’s Ruben said the Democratic Party will need fresh thinking to connect with voters in 2020.

“People want to feel the confidence that someone is going to fight for them and push for big changes and not let classic Washington gridlock or the constrained sense of what is acceptable in politics get in the way,” he said.

https://www.cnbc.com/2018/10/19/kamala-harris-democrats-push-to-repeal-and-replace-trump-tax-cuts.html

 

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The Pronk Pops Show 1098, June 25, 2018, Story 1: Reorganizing and Merging Federal Departments Is A Start — Permanently Downsizing The Federal Government By Closing Eight Federal Departments Should Be The Goal — Videos — Story 2: Department of Justice and Federal Bureau of Investigation Fails Again To Provide All Documents Requested by Congress — What Are They Hiding From American People? — Deep State Cover-up Team — Videos  — Story 3: Mad Marxist Maxine Calls For Harassment of Trump Cabinet Members — Just Another Desperate Deranged Democrat of Lying Lunatic Leftist Losers — Collectivist Authoritarian Bullies — Videos — Story 4: White House Press Secretary Sarah Huckabee Sanders Asked To Leave Red Hen Restaurant in Lexington Virginia By The Owner, Stephanie Wilkinson — Videos

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The U. S. National Debt Is $21 Trillion!
Welcome to the National Debt Awareness Center (NDAC) web site.

This is NOT a commercial web site; we don’t use cookies, advertising, or java scripts; and we’re not selling anything!
This page was updated on 03/22/2018 12:09:19 The latest budget and tax news page is constantly updated.

 

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.

http://www.federalbudget.com/

 

Story 1: Reorganizing and Merging Federal Departments Is A Start — Permanently Downsizing The Federal Government By Closing Eight Federal Departments Should Be The Goal — Videos —

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CBO: US Debt Burden Set to Break Record in Early 2030s

Growing deficits to push debt to almost 100 percent of GDP by 2028

A worker stacks the budget for Fiscal Year 2018 at the Government Publishing Office’s plant on North Capitol Street before a visit from OMB Director Mick Mulvaney and GPO Director Davita Vance-Cooks on May 19, 2017. (Tom Williams/CQ Roll Call file photo)

Debt as a share of the United States economy is on track to blow through the previous World War II-era record within two decades and keep rising from there, the Congressional Budget Office said in its annual long-term budget report.

Generally assuming no change in current laws, growing budget deficits would push debt held by the public from the current level of 78 percent of the economy to almost 100 percent of gross domestic product by 2028, and to 152 percent of GDP by 2048, according to the agency.

“That amount would be the highest in the nation’s history by far,” said the report, which estimates the growth of spending and revenue over the next three decades as a share of the economy. The current record for debt as a share of GDP was set in 1946 when it hit 106 percent. Debt as a share of the economy is projected to exceed that level in fiscal 2034 under the latest projections, one year earlier than in last year’s long-term budget outlook.

CBO highlighted the role that rising interest costs will have, along with the growth of Social Security and Medicare.

In a statement distributed with the report, CBO Director Keith Hall said that by 2048, “as interest rates rise from their currently low levels and as debt accumulates, the federal government’s net interest costs are projected to more than double as a percentage of GDP and to reach record levels.”

Hall said interest costs would equal spending for Social Security, currently the largest federal program, by 2048.

CBO has long warned that rising debt poses a risk to the economy, and Hall made the point again Tuesday.

“The prospect of large and growing debt poses substantial risks for the nation and presents policymakers with significant challenges,” he said in the statement.

Under current law, revenue is projected to be relatively flat over the next few years in relation to GDP, rise slowly and then jump in 2026 after certain tax cuts expire.

Compared to last year’s report, CBO’s projections of debt growth are higher through 2041 and lower thereafter. The agency projects debt as a share of GDP would be 3 percentage points lower in 2047 than projected last year. The increase in debt through 2041 stems primarily from the tax overhaul, the two-year budget deal and the fiscal 2018 omnibus spending bill, the CBO said.

If Congress extends the individual tax cuts and several other tax provisions that are set to expire at the end of 2025, as many House Republicans want to do, debt would grow even faster, according to the CBO.

http://www.rollcall.com/news/policy/cbo-us-debt-burden-set-to-break-record-in-early-2030s

 

Read Trump’s proposal for reorganizing the federal government

Donald Trump claps at a rally in Minnesota
Photo: Scott Olson/Getty Images

President Trump will unveil his administration’s plan to reorganize the federal government during a Cabinet meeting this afternoon, including plans to merge the Departments of Education and Labor into a single agency and rename the Department of Health and Human Services to the Department of Health and Public Welfare.

Be smart: This massive proposed shakeup, titled “Delivering Government Solutions in the 21st Century: Reform Plan and Reorganization Recommendations,” will face significant opposition in Congress, as the reshuffling will make it easier to cut and revise several domestic agencies. Similar efforts in the past have failed due to pushback.

Show less

Key changes, outlined on page 15 of the proposal:

  • “Merge the Departments of Education and Labor into a single Cabinet agency, the Department of Education and the Workforce.”
  • “Move the non-commodity nutrition assistance programs currently in the U.S. Department of Agriculture’s (USDA) Food and Nutrition Service into the Department of Health and Human Services — which will be renamed the Department of Health and Public Welfare.”
  • “Move the Army Corps of Engineers (Corps) Civil Works out of the Department of Defense (DOD) to the Department of Transportation (DOT) and Department of the Interior (DOI).”
  • “Reorganize the USDA’s Food Safety and Inspection Service and the food safety functions of HHS’s Food and Drug Administration (FDA) into a single agency within USDA.”
  • “Move USDA’s rural housing loan guarantee and rental assistance programs to the Department of Housing and Urban Development (HUD).”
  • “Consolidate the Department of Energy’s (DOE) applied energy programs into a new Office of Energy Innovation.”

Axios is posting this because we received the proposal from an outside source and never agreed to an embargo.

https://www.axios.com/trump-proposal-reorganize-federal-government-b77b8dbc-0494-4e9a-8c10-55f3706cb5e4.html

United States federal executive departments

From Wikipedia, the free encyclopedia

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“Executive Department” redirects here. For the idea of executive departments in general, see Cabinet (politics).

The United States federal executive departments are the primary units of the executive branch of the Federal government of the United States. They are analogous to ministries common in parliamentary or semi-presidential systems but (the United States being a presidential system) they are led by a head of government who is also the head of state. The executive departments are the administrative arms of the President of the United States. There are currently 15 executive departments.

The heads of the executive departments receive the title of Secretary of their respective department, except for the Attorney-General who is head of the Justice Department (and the Postmaster General who until 1971 was head of the Post Office Department). The heads of the executive departments are appointed by the President and take office after confirmation by the United States Senate, and serve at the pleasure of the President. The heads of departments are members of the Cabinet of the United States, an executive organ that normally acts as an advisory body to the President. In the Opinion Clause (Article II, section 2, clause 1) of the U.S. Constitution, heads of executive departments are referred to as “principal Officer in each of the executive Departments”.

The heads of executive departments are included in the line of succession to the President, in the event of a vacancy in the presidency, after the Vice President, the Speaker of the House and the President pro tempore of the Senate.

Executive departments

Departments are listed by their present-day name and only departments with past or present cabinet-level status are listed.

Department Creation Dissolution Order of
succession[1]
Notes 2009 Outlays
in billions
of dollars
Employees
State 1789[2] Current 4 Initially named “Department of Foreign Affairs” 16.39 18,900
War (Army) 1789 1949 n/a In the National Security Act of 1947, the Air Force was separated and the Department of War was renamed to the Department of the Army. From 1947 to 1949, the Department of the Army, along with the Departments of the Navy and Air Force, was an executive department with non-cabinet level secretaries who reported to the civilian Secretary of Defense with cabinet rank but no department. Since 1949 the Department of the Army has been a Military Department within the Department of Defense. n/a n/a
Treasury 1789[3] Current 5 19.56 115,897
Post Office 1792 1971 n/a Reorganized as quasi-independent agency, United States Postal Service n/a n/a
Navy 1798 1949 n/a In 1949, along with the Departments of the Army and the Navy, this department became a Military Department within the Department of Defense. n/a n/a
Justice 1870[4] Current 7 Attorney General created in 1789, but had no department until 1870 46.20 113,543
Interior 1849[5] Current 8 Took responsibility of offices previously managed by other departments, WarTreasury, and State, such as the Bureau of Indian AffairsGeneral Land Office, and United States Patent and Trademark Office that were seen as having little to do with their respective Departments. 90.00 71,436
Agriculture 1889[6] Current 9 Elevated to Cabinet level in 1889 134.12 109,832
Commerce 1903[7] Current 10 Originally named Commerce and Labor. In 1913, Labor was separated and the Department renamed to its current name. 15.77 43,880[8]
Labor 1913[9] Current 11 Originally part of the Department of Commerce and Labor. 137.97 17,347
Defense 1947[10] Current 6 Created by the National Security Act of 1947. Initially named “National Military Establishment” 1947-49. Created from a merger of the Department of War and Department of the Navy. 651.16 3,000,000
Air Force 1947 1949 n/a Originally part of the Department of War. From 1947 to 1949, this department, along with the Departments of the Army and Navy, was an executive department with non-cabinet level secretaries who reported to the civilian Secretary of Defense with cabinet rank but no department. Since 1949 it has been a Military Department within the Department of Defense. n/a n/a
Health and Human Services 1953[9] Current 12 Originally the Department of Health, Education, and Welfare. In 1979, Education was separated and the Department renamed to its current name. 879.20 67,000
Housing and Urban Development 1965[11] Current 13 40.53 10,600
Transportation 1966[12] Current 14 73.20 58,622
Energy 1977[13] Current 15 24.10 109,094
Education 1979[14] Current 16 45.40 4,487
Veterans Affairs 1989[15] Current 17 Formerly an independent agency as the Veterans Administration 97.70 235,000
Homeland Security 2002[16] Current 18 Created by the Homeland Security Act of 2002 40.00 240,000
Total outlays, employees:         2,311.30Bn 4,214,652

See also

Citations

  1. Jump up^ Wilson, Reid (October 20, 2013). “The Presidential order of succession”The Washington PostISSN0190-8286. Retrieved November 10, 2015.
  2. Jump up^ “Office of the Historian – Milestones – 1776-1783 – Articles of Confederation”. History.state.gov. Retrieved 2012-12-29.
  3. Jump up^ “History”. Treasury.gov. 2012-10-22. Retrieved 2012-12-29.
  4. Jump up^ “USDOJ: About DOJ”. Justice.gov. 2009-09-30. Retrieved 2012-12-29.
  5. Jump up^ “History of Interior”. Doi.gov. Retrieved 2012-12-29.
  6. Jump up^ http://www.usda.gov/documents/timeline.pdf
  7. Jump up^ “Secretaries | Department of Commerce”. Commerce.gov. Retrieved 2012-12-29.
  8. Jump up^ “Department of Commerce FY 2009 Budget in Brief”. Osec.doc.gov. Retrieved 2012-12-29.
  9. Jump up to:ab “The U.S. Department of Labor Historical Timeline – U.S. Department of Labor”. Dol.gov. Retrieved 2012-12-29.
  10. Jump up^ “About The Department of Defense (DOD)”. Defense.gov. Retrieved 2012-12-29.
  11. Jump up^ “HUD History/U.S. Department of Housing and Urban Development (HUD)”. Portal.hud.gov. Retrieved 2012-12-29.
  12. Jump up^ [1]Archived August 9, 2011, at the Wayback Machine.
  13. Jump up^ “Department of Energy Organization Act” (PDF). U.S. Department of the Interior. U.S. Bureau of Reclamation. August 4, 1977.
  14. Jump up^ “Overview and Mission Statement | U.S. Department of Education”. .ed.gov. Retrieved 2012-12-29.
  15. Jump up^ Department of Veterans Affairs. “History – VA History – About VA”. Va.gov. Retrieved 2012-12-29.
  16. Jump up^ “Creation of the Department of Homeland Security | Homeland Security”. Dhs.gov. Retrieved 2012-12-29.

References

External links

https://en.wikipedia.org/wiki/United_States_federal_executive_departments

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Tom Fitton: Maxine Waters should be investigated for encouraging violence against Trump officials

Judicial Watch sent a hand-delivered letter Monday to the chairman and co-chairman of the House Office of Congressional Ethics calling for an investigation into whether Rep. Maxine Waters, D-Calif., violated House ethics rules by encouraging violence against Trump administration Cabinet members.

The Office of Congressional Ethics describes itself on its website as “an independent, non-partisan entity charged with reviewing allegations of misconduct against Members, officers, and staff of the U.S. House of Representatives and, when appropriate, referring matters to the House Committee on Ethics.”

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Waters addressed a rally in Los Angeles on Saturday and told a crowd: “If you see anybody from that Cabinet in a restaurant, in a department store, at a gasoline station, you get out and you create a crowd and you push back on them! And you tell them that they are not welcome, anymore, anywhere.”

In Judicial Watch’s letter to former Rep. Doc Hastings, R-Washington, and former Rep. David Skaggs, D-Colo., of the Office of Congressional Ethics I pointed out that Waters’ encouraging individuals to create “crowds” who will “push back” on President Trump’s Cabinet members at private business establishments in an apparent effort to prevent these Cabinet officials from obtaining basic necessities without fear of assault and violence.

This is not about Waters’ freedom of speech. It is not even an example of yelling “fire” in a theater. It is about inciting mob violence. The House needs to act quickly to hold her accountable for this dangerous incitement.

Rep. Waters seems to be violation of House rules, specifically a rule that states: “A Member, Delegate, Resident Commissioner, officer, or employee of the House shall conduct himself at all times in a manner that shall reflect creditably on the House.” (House Rule 23, clause 1.)

In our letter, Judicial Watch formally requests that the Office of Congressional Ethics conduct a preliminary investigation into whether Waters violated House rules by encouraging attacks on Cabinet officials.

This is not about Waters’ freedom of speech. It is not even an example of yelling “fire” in a theater. It is about inciting mob violence. The House needs to act quickly to hold her accountable for this dangerous incitement.

Last week, White House Press Secretary Sarah Sanders and members of her family were evicted from a restaurant and then reportedly pursued by the owner. Other Trump administration officials are being targeted with threatening and dangerous “protests” at their homes.

Florida Attorney General Pam Bondi was harassed and heckled as she attended a movie during the weekend in Florida.

And President Trump’s opponents are posting names and addresses of Immigrations and Customs Enforcement agents on the Internet, placing their lives and the lives of their families at risk.

According to ABC Radio: “Around two dozen threat reports were issued in the past few days, primarily against Immigration and Customs Enforcement officers. … In one example, a senior DHS (Department of Homeland Security) official living in the Washington, D.C. area found a burnt and decapitated animal on his front porch, according to an official with knowledge of the incident.

Even Senate Minority Leader Chuck Schumer, D-N.Y. – no stranger to tough political talk –condemned Waters. He said: “I strongly disagree with those who advocate harassing folks if they don’t agree with you. … No one should call for the harassment of political opponents. That’s not right. That’s not American.”

Waters’ incitement for violence, assault and riot sets a dangerous precedent, and the House should act swiftly to disavow her. Given the grave risk to the public safety and the rule of law caused by Waters’ remarks, expulsion from the House should be on the table.

Tom Fitton is president of Judicial Watch. Founded in 1994, Judicial Watch Inc. is a constitutionally conservative, nonpartisan educational foundation that promotes transparency, accountability and integrity in government, politics and the law.

Story 4: White House Press Secretary Sarah Huckabee Sanders Asked To Leave Red Hen Restaurant in Lexington Virginia By The Owner, Stephanie Wilkinson

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Restaurant owner who booted out Sarah Huckabee Sanders explains she did so after taking a staff vote – and now the eatery has been slammed on Yelp and had its online menu hacked

  • Stephanie Wilkinson, the owner of The Red Hen in Lexington, asked the Press Secretary to leave the restaurant on Friday evening
  • She took a staff vote before privately asking Sanders to leave the restaurant
  • She said: ‘I’d like to ask you to leave’ to which Sanders replied ‘That’s fine. I’ll go’
  • One diner posted image of ’86’ next to her name – industry slang for ‘kick out’ 
  • Sanders later tweeted she was not welcome because she works at White House
  • The Red Hen’s Yelp page has been inundated with one and five star reviews
  • The restaurant’s online menu has also been hacked to say ‘erectile dysfunction’ 

The owner of The Red Hen restaurant that kicked out Sarah Huckabee Sanders has revealed why she refused to serve the White House Press Secretary.

On Friday night Sanders was asked to leave the Lexington, Virginia restaurant where she was dining with her seven family members.

Restaurant owner Stephanie Wilkinson said she took a staff vote before asking Sanders to leave. When they voted to boot her out, Wilkinson complied.

‘Tell me what you want me to do. I can ask her to leave. They said “yes,”‘ Wilkinson said to the Washington Post.

Stephanie Wilkinson, the owner of The Red Hen in Lexington, asked the Press Secretary to leave the restaurant on Friday evening

The Press Secretary (pictured on June 14) has received intense criticism over recent days as the public face of President Trump's policy to separate child migrants from their families

Stephanie Wilkinson, the owner of The Red Hen in Lexington, (left) asked the Press Secretary Sarah Huckabee Sanders (right) to leave the restaurant on Friday evening

Sanders tweeted on Saturday morning to say the incident at The Red Hen in Lexington on Friday night 'says far more' about the manager than it did about her

Sanders tweeted on Saturday morning to say the incident at The Red Hen in Lexington on Friday night ‘says far more’ about the manager than it did about her

‘I’m not a huge fan of confrontation. I have a business, and I want the business to thrive. This feels like the moment in our democracy when people have to make uncomfortable actions and decisions to uphold their morals,’ she added.

Wilkinson said the chef at the Red Hen called her around 8pm to report Sanders had arrived at the small farm-to-table restaurant.

After she arrived and saw Sanders and company dining on a cheese board, she halted the workers in the kitchen, who were preparing the party’s main course, to ask them how they felt.

Some of the restaurant workers identify as gay while others prefer to remain nonpolitical in the work space.

Wilkinson said she bore in mind the Trump’s administrations agenda to ban transgender people from entering the military and his zero tolerance policy that separated migrant families at the border in taking her poll.

She added that Lexington is a small blue town that voted against Trump.

After the staff voted to have the press secretary leave, Wilkinson approached her table.

‘I’m the owner. I’d like you to come out to the patio with me for a word,’ she said.

‘I was babbling a little, but I got my point across in a polite and direct fashion. I explained that the restaurant has certain standards that I feel it has to uphold, such as honesty, and compassion, and cooperation,’ she added.

‘I said, “I’d like to ask you to leave,”‘ to which Sanders replied ‘That’s fine. I’ll go.’

The Red Hen's Facebook page is being bombarded with comments from people across the political spectrum, ranging from supportive comments from Trump critics to abuse from his supporters.

The Red Hen’s Facebook page is being bombarded with comments from people across the political spectrum, ranging from supportive comments from Trump critics to abuse from his supporters.

Since then supporters have gathered outside the Lexington restaurant, some leaving messages of solidarity and flowers at the door 

Since then supporters have gathered outside the Lexington restaurant, some leaving messages of solidarity and flowers at the door

The restaurant's website has been hacked to say 'erectile dysfunction' in the description box

The restaurant’s website has been hacked to say ‘erectile dysfunction’ in the description box

The Yelp page is also on Active Cleanup Alert after it was inundated with one and five star reviews by supporters on both sides of the political spectrum

The Yelp page is also on Active Cleanup Alert after it was inundated with one and five star reviews by supporters on both sides of the political spectrum

Wilkinson said the other members of her party were welcome to stay, but they followed Sanders as she left.

‘They offered to pay. I said, “No. It’s on the house,”‘ Wilkinson said.

Sanders took to Twitter Saturday morning to slam Wilkinson saying: ‘Last night I was told by the owner of The Red Hen in Lexington, VA to leave because I work for @POTUS and I politely left.

‘Her actions say far more about her than about me. I always do my best to treat people, including those I disagree with, respectfully and will continue to do so.’

Since the incident the Yelp page for The Red Hen has been inundated with one and five star reviews from people on both sides of the political spectrum, bringing the restaurant’s score down to 2.5 stars.

Meanwhile, an unaffiliated restaurant with the same name in Washington D.C., has also been caught in the crossfire and is distancing itself from the scandal.

As of Saturday evening the restaurant’s page was on Active Cleanup Alert featuring a disclaimer banner saying it is being monitored for content relating to media reports.

To add to the chaos, a hacker reworked the menu for the Red Hen that appears in a Bing search to say ‘Erectile Dysfunction’ in the description box.

Staff member Jaike Foley-Schultz took to Facebook to recall the encounter where he told Sanders he could only serve her for two minutes.

‘I just served Sarah Huckabee Sanders for a total of 2 minutes before my owner kicked her out along with 7 of her other family members,’ he posted on Facebook.

 

Jaike Foley-Schultz, a server at The Red Hen in Lexington, said the White House Press Secretary lasted just two minutes in the restaurant on Friday night until his boss asked her to leave

Jaike Foley-Schultz, a server at The Red Hen in Lexington, said the White House Press Secretary lasted just two minutes in the restaurant on Friday night until his boss asked her to leave

The post went viral after Brennan Gilmore, the director of nonprofit green group Clean Virginia, shared it on Twitter along with a handwritten note supposedly from the restaurant that read: '86 — Sara Huckabee Sanders'. 86 is slang for 'kick out'

The post went viral after Brennan Gilmore, the director of nonprofit green group Clean Virginia, shared it on Twitter along with a handwritten note supposedly from the restaurant that read: ’86 — Sara Huckabee Sanders’. 86 is slang for ‘kick out’

Sanders' father, Mike Huckabee, the governor of Arkansas from 1996 to 2007, also slammed the decision to evict his daughter

Sanders’ father, Mike Huckabee, the governor of Arkansas from 1996 to 2007, also slammed the decision to evict his daughter

Many supported the restaurant, including model Christine Teigen, who replied to Sanders' tweet by saying: 'Didn’t you morons get your panties in a wad defending the baker that didn’t want to make cakes for gay couples?'

Many supported the restaurant, including model Christine Teigen, who replied to Sanders’ tweet by saying: ‘Didn’t you morons get your panties in a wad defending the baker that didn’t want to make cakes for gay couples?’

MSNBC host Lawrence O'Donnell wrote: 'You do NOT treat reporters “respectfully.” You lie to them and personally insult some of them in full public view'

MSNBC host Lawrence O’Donnell wrote: ‘You do NOT treat reporters “respectfully.” You lie to them and personally insult some of them in full public view’

The post went viral after Brennan Gilmore, the director of nonprofit green group Clean Virginia, shared it on Twitter along with a handwritten note supposedly from the restaurant that read: ’86 — Sara Huckabee Sanders’.

Gilmore wrote: ‘@PressSecretary got kicked out of The Red Hen restaurant in Lexington, Va tonight. Apparently the owner didn’t want to serve her and her party out of moral conviction.’

’86’ is restaurant industry slang meaning ‘throw out’.

The Red Hen accepts walk-ins, as Sanders’ name had apparently already been written down by staff and assigned to a table suggests she had pre-booked.

Sanders’ father, Mike Huckabee, the governor of Arkansas from 1996 to 2007, also slammed the decision to evict his daughter.

‘Bigotry. On the menu at The Red Hen Restaurant in Lexington VA. Or you can ask for the ‘Hate Plate’. And appetizers are ‘small plates for small minds” he tweeted on Saturday.

But many supported the restaurant, including model Christine Teigen, who replied to Sanders’ tweet by saying: ‘Didn’t you morons get your panties in a wad defending the baker that didn’t want to make cakes for gay couples?’

MSNBC host Lawrence O’Donnell wrote: ‘You do NOT treat reporters “respectfully.” You lie to them and personally insult some of them in full public view.’

The Red Hen's social media pages are now being bombarded with comments from people across the political spectrum, ranging from supportive comments from Trump critics to abuse from his supporters

The Red Hen’s social media pages are now being bombarded with comments from people across the political spectrum, ranging from supportive comments from Trump critics to abuse from his supporters

On Saturday, the restaurant’s social media pages were being bombarded with comments from purported diners, also from both sides of the political spectrum, from all over the country.

Douglas S. from Chico, California, wrote: ‘Based on their hate and prejudices I would not patronize this place. Americans have worked hard for peace and social justice but up with a place that is owned by an intolerant fascist.’

Steven C., from Marysville, Washington, was also scathing, writing: ‘I would never eat here again. The owner is a bigot. The way I’ve seen him treat customers is despicable. Don’t waste your money here!’

Others supported the decision, with Frederick H. of Jackson writing: ‘Thank you for standing up for all of us. Will definitely visit next month when I’m in the area.’

And Will S. wrote from Las Vegas: ‘Highly recommend! If you want a place that has amazing food and has the right moral compass, I would go to the Red Hen!’

On Yelp, a reviewer of the restaurant from Los Angeles wrote: ‘Don’t eat here if you’re a Republican, wearing a MAGA hat or a patriot.’

’12/10 would recommend. Bonus: this place is run by management who stuck up for their beliefs and who are true Americans. THANK YOU!!!!’ said a reviewer from Commerce City, Colorado.

http://www.dailymail.co.uk/news/article-5878973/Owner-restaurant-booted-Sarah-Huckabee-Sanders-speaks-out.html

 

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The Pronk Pops Show 1049, March 22, 2018, Story 1: American People and Trump Supporters Demand Trump Veto of Washington Political Elitist Establishment Budget Busting Borrowing Bill Corrupt Congressional Confidence Crisis — Otherwise Restart Tea Party Movement With Aim of Forming American Independence Party to Defeat Democratic and Republican Two Party Tyranny — Trump’s Trillion Dollar Deficits For Fiscal Year 2018 and 2019! — Repeal Senate Racket Rule Requiring 60 Votes Now — Videos

Posted on March 23, 2018. Filed under: Addiction, American History, Banking System, Blogroll, Breaking News, Bribery, Bribes, Budgetary Policy, Business, Cartoons, Central Intelligence Agency, Congress, Corruption, Crime, Culture, Deep State, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Education, Empires, Employment, Energy, Federal Bureau of Investigation (FBI), Federal Government, Fiscal Policy, Foreign Policy, Former President Barack Obama, Free Trade, Government Dependency, Government Spending, Health, High Crimes, Hillary Clinton, Hillary Clinton, History, Homicide, House of Representatives, Housing, Human, Human Behavior, Illegal Immigration, Immigration, Killing, Labor Economics, Law, Legal Immigration, Life, Lying, Medicare, Mexico, Monetary Policy, National Security Agency, News, People, Philosophy, Photos, Politics, Progressives, Public Corruption, Radio, Raymond Thomas Pronk, Regulation, Rule of Law, Senate, Social Networking, Social Security, Tax Policy, Taxation, Taxes, Ted Cruz, Terror, Terrorism, Treason, United States Constitution, United States of America, Videos, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 1049, March 22, 2018

Pronk Pops Show 1048, March 21, 2018

Pronk Pops Show 1047, March 20, 2018

Pronk Pops Show 1046, March 19, 2018

Pronk Pops Show 1045, March 8, 2018

Pronk Pops Show 1044, March 7, 2018

Pronk Pops Show 1043, March 6, 2018

Pronk Pops Show 1042, March 1, 2018

Pronk Pops Show 1041, February 28, 2018

Pronk Pops Show 1040, February 27, 2018

Pronk Pops Show 1039, February 26, 2018

Pronk Pops Show 1038, February 23, 2018

Pronk Pops Show 1037, February 22, 2018

Pronk Pops Show 1036, February 21, 2018

Pronk Pops Show 1035, February 16, 2018

Pronk Pops Show 1034, February 15, 2018  

Pronk Pops Show 1033, February 14, 2018  

Pronk Pops Show 1032, February 13, 2018

Pronk Pops Show 1031, February 12, 2018

Pronk Pops Show 1030, February 9, 2018

Pronk Pops Show 1028, February 7, 2018

Pronk Pops Show 1027, February 2, 2018

Pronk Pops Show 1026, February 1, 2018

Pronk Pops Show 1025, January 31, 2018

Pronk Pops Show 1024, January 30, 2018

Pronk Pops Show 1023, January 29, 2018

Pronk Pops Show 1022, January 26, 2018

Pronk Pops Show 1021, January 25, 2018

Pronk Pops Show 1020, January 24, 2018

Pronk Pops Show 1019, January 18, 2018

Pronk Pops Show 1018, January 17, 2018

Pronk Pops Show 1017, January 16, 2018

Pronk Pops Show 1016, January 10, 2018

Pronk Pops Show 1015, January 9, 2018

Pronk Pops Show 1014, January 8, 2018

Pronk Pops Show 1013, December 13, 2017

Pronk Pops Show 1012, December 12, 2017

Pronk Pops Show 1011, December 11, 2017

Pronk Pops Show 1010, December 8, 2017

Pronk Pops Show 1009, December 7, 2017

Pronk Pops Show 1008, December 1, 2017

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Story 1: American People and Trump Supporters Demand Trump Veto of Washington Political Elitist Establishment Budget Busting Borrowing Bill Corrupt Congressional Confidence Crisis — Otherwise Restart Tea Party Movement With Aim of Forming American Independence Party to Defeat Democratic and Republican Two Party Tyranny — Trump’s Trillion Dollar Deficits For Fiscal Year 2018 and 2019! — Repeal Senate Racket Rule Requiring 60 Votes Now — Videos

U.S. Debt Clock

Big Spender

Shirley Bassey

The minute you walked in the joint
I could see you were a man of distinction
A real big spender
Good lookin’ so refined
Say, wouldn’t you like to know what’s goin’ on in my mind?
So let me get right to the point
I don’t pop my cork for every man I see
Hey big spender,
Spend a little time with me
Wouldn’t you like to have fun, fun, fun
How’s about a few laughs, laughs
I could show you a good time
Let me show you a good time!
The minute you walked in the joint
I could see you were a man of distinction
A real big spender
Good lookin’ so refined
Say, wouldn’t you like to know what’s goin’ on in my mind?
So let me get right to the point,
I don’t pop my cork for every guy I see
Hey big spender
Hey big spender
Hey big spender
Spend, a little time with me
Yes
Songwriters: Cy Coleman / Dorothy Fields
Big Spender lyrics © Downtown Music Publishing

WATCH: White House holds news briefing on omnibus spending bill

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Laura Ingraham : Congressional Omnibus Spending Bill : 03/21/2018

Rep. Meadows: Not many conservative wins in budget deal

Days behind schedule, can Congress pass its huge spending bill before the next shutdown?

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Rep. Louis Gohmert on Congress’ omnibus spending bill

Speaker Ryan Defends Omnibus Spending Bill

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US Tea Party Movement Rallies in Washington

All eyes on Paul with shutdown looming

As the Senate barrels toward the third government funding deadline of the year, Republicans appear in the dark about one key question: What will Sen. Rand Paul (R-Ky.) do?

The libertarian-minded senator caused an hours-long shutdown in February. He’s yet to say if he’ll give a repeat performance going into the midnight Friday deadline to avoid a partial closure.

“Shame, shame. A pox on both Houses — and parties. $1.3 trillion. Busts budget caps. 2200 pages, with just hours to try to read it,” he tweeted on Thursday.

Republican leadership wants to pass the omnibus funding bill Thursday, but senators acknowledged that timeline all comes down to Paul, and they appear to have no idea what he is going to do.

Senate Majority Whip John Cornyn (R-Texas) noted he has not spoken to Paul but predicted with a smile: “He’ll speak up.”

“I think people realize the handwriting is on the wall,” he said. “I just figured I would let him speak up if he wants to speak, and if he doesn’t we’ll vote.”Asked about the chamber’s timeline for voting, Senate Majority Leader Mitch McConnell (R-Ky.) added, “Whenever Sen. Paul decides we can.”

Under the Senate’s rules the earliest the Senate could hold an initial vote would be early Saturday morning — roughly an hour after the midnight deadline to avoid a partial government closure.

Sen. John Kennedy (R-La.) signaled earlier Thursday that he was undecided on whether he would let the chamber speed up votes. He said after a closed-door caucus lunch that he wouldn’t delay the bill.

“I’m not going to try to delay it out of respect for my colleagues,” he said.

Republican senators said Paul’s plan did not come up during the lunch, which was largely a tribute to retiring Sen. Thad Cochran (R-Miss.).

“There are a lot of people who are going to put pressure on him,” said Sen. David Perdue (R-Ga.).

Asked if there was an effort to “prevail” on Paul, he added: “There always is. I’m not being cute. I think there always is an effort. … There’s no benefit to waiting at this point.”

Sen. Richard Shelby (R-Ala.), asked if the Senate would be able to vote on Thursday, pointed to the Kentucky senator.

“Have y’all spoken to Sen. Paul?” he asked reporters. “Felt his pulse?”

http://thehill.com/homenews/senate/379797-all-eyes-on-paul-with-shutdown-looming

Spending Bill Goes to Senate Ahead of Shutdown Deadline

 Updated on 
  • Legislation would boost domestic and military spending
  • Conservatives object to increased spending in legislation

The House passed a $1.3 trillion spending bill that would avert a government shutdown and increase funding for the military, border security and other domestic programs, though a GOP senator who opposes the measure hasn’t said whether he’ll force a delay past a Friday funding deadline and cause a closure.

In 256-167 vote on Thursday, the House sent the compromise measure to the Senate, which could vote by the end of the day or Friday. White House budget director Mick Mulvaney told reporters that President Donald Trump will sign the bill, saying it funds his priorities. 

The spending bill for this fiscal year has rankled conservative lawmakers who object to increased funds and having to vote without more time to review the 2,232-page text that was made public Wednesday night. Any senator could force a government shutdown by refusing to grant the unanimous consent needed for quick action, and GOP Senator Rand Paul of Kentucky left open the possibility he may do so.

“It sucks,” Kennedy said of the spending measure. “This is a Great-Dane-sized whiz down the leg of every taxpayer in this country. No thought whatsoever to adding over a trillion dollars in debt.”

John Cornyn of Texas, the No. 2 Senate Republican, said he anticipates there ultimately will be no objections to a vote Thursday or Friday.

“People realize that the handwriting is on the wall,” Cornyn said. “This has been a long time coming” ever since a February agreement to raise limits on spending, he said.

The measure would increase spending on the military by $80 billion and on domestic programs by $63 billion over previous budget limits set out in the bipartisan budget agreement that ended a February shutdown.

“Vote yes for the safety and security of this country,” House Speaker Paul Ryan urged his colleagues on the floor, adding that the bill provides the biggest boost in military spending in 15 years.

‘Phenomenal Job’

Earlier, Ryan of Wisconsin was barely able to persuade House GOP members to support a procedural vote setting up debate on the bill. Asked about the rushed process to consider the legislation, Ryan told reporters, “By and large we’ve done a phenomenal job” in following House rules.

The proposal includes $1.6 billion for border security, including money for fencing and levees, though that’s only a fraction of the $25 billion that Trump wanted to build a wall between the U.S. and Mexico.

The compromise spending proposal, unveiled after repeated delays and all-night bargaining sessions, has a provision creating incentives to bolster reporting by federal agencies to the database for gun-buyer background checks, as well as $21 billion for infrastructure projects and an additional $4 billion to combat opioid addiction.

New York’s Nita Lowey, the top spending panel Democrat, said on the House floor that the measure “repudiates the abysmal Trump budget,” which sought $54 billion in cuts to domestic spending.

Ryan delivered a summary of the spending legislation to Trump at the White House Wednesday afternoon. Senate Majority Leader Mitch McConnell of Kentucky joined the meeting, which included Vice President Mike Pence, by telephone.

Hudson River Tunnel

One of the biggest obstacles to reaching the agreement was the status of funding for a Hudson River tunnel between New York and New Jersey. Advocates, mainly Democrats and Republicans representing the two states, argued it is one of the most important infrastructure projects in the U.S. But Trump has insisted on removing money for the project, known as Gateway, from the spending plan.

The legislation includes several provisions in response to mass shootings. It includes incentives for reporting to a database for gun-buyer background checks and permits the Centers for Disease Control and Prevention to research the causes of gun violence, after more than 20 years of restrictions that prevented the agency from doing so.

Also included is $75 million this year to train teachers and school officials to respond to attacks, pay for metal detectors and other equipment, and create anonymous systems for reporting possible threats to schools. Between 2019 and 2028, $100 million a year would be provided.

The bill would contain funding to combat Russian interference in this year’s elections, and it would provide more than $600 million to build a new rural broadband network.

https://www.bloomberg.com/news/articles/2018-03-22/spending-bill-passes-house-as-senators-mull-government-shutdown

Here’s what Congress is stuffing into its $1.3 trillion spending bill

 March 22 at 1:33 AM 

Negotiators in Congress on March 21 reached an agreement on a $1.3 trillion spending bill, keeping government agencies operating through September.

Congressional negotiators reached a tentative agreement Wednesday night on a $1.3 trillion federal spending bill, releasing it to the public just 52 hours before a government shutdown deadline. The draft billruns 2,232 pages, and we’re going through it so you don’t have to. Here are key highlights:

Overall spending: The “omnibus” appropriations bill doles out funding for the remainder of fiscal 2018 — that is, until Sept. 30 — to virtually every federal department and agency pursuant to the two-year budget agreement Congress reached in February. Under that agreement, defense spending generally favored by Republicans is set to jump $80 billion over previously authorized spending levels, while domestic spending favored by Democrats rises by $63 billion. The defense funding includes a 2.4 percent pay raise for military personnel and $144 billion for Pentagon hardware. The domestic spending is scattered across the rest of the federal government, but lawmakers are highlighting increases in funding for infrastructure, medical research, veterans programs and efforts to combat the opioid epidemic. Civilian federal employees get a 1.9 percent pay raise, breaking parity with the military for the first time in several years.

Border wall: The bill provides $1.6 billion for barriers along the U.S.-Mexico border but with serious strings attached. Of the total, $251 million is earmarked specifically for “secondary fencing” near San Diego, where fencing is already in place; $445 million is for no more than 25 miles of “levee fencing”; $196 million is for “primary pedestrian fencing” in the Rio Grande Valley; $445 million is for the replacement of existing fencing in that area; and the rest is for planning, design and technology — not for wall construction. The biggest catch is this: The barriers authorized to be built under the act must be “operationally effective designs” already deployed as of last March, meaning none of President Trump’s big, beautiful wall prototypes can be built.

ADVERTISING

Immigration enforcement: The bill bumps up funding for both U.S. Customs and Border Protection and for U.S. Immigration and Customs Enforcement — delivering increases sought by the Trump administration. But there are significant restrictions on how that new money can be spent. Democrats pushed for, and won, limitations on hiring new ICE interior enforcement agents and on the number of undocumented immigrants the agency can detain. Under provisions written into the bill, ICE can have no more than 40,354 immigrants in detention by the time the fiscal year ends in September. But there is a catch: The Homeland Security secretary is granted discretion to transfer funds from other accounts “as necessary to ensure the detention of aliens prioritized for removal.”

Infrastructure: Numerous transportation programs get funding increases in the bill, but the debate leading up to its release focused on one megaproject: The Gateway program, aimed at improving rail access to and from Manhattan on Amtrak and New Jersey Transit. Trump made it a signature fight, largely to punish Senate Minority Leader Charles E. Schumer (D-N.Y.) and other Democratic backers of the project who have held up other Trump initiatives, and Transportation Secretary Elaine Chao told Congress this month that the project simply wasn’t ready for prime time. The project is not mentioned in the bill, and Republican aides say that they turned back efforts to essentially earmark federal funding for the project. But Democrats say that the project is still eligible for as much as $541 million in funding this fiscal year through accounts that Chao does not control. The project might also still qualify for other pools of money, though it will have to compete with other projects on an equal playing field.

Health care: Left out of the bill was a health-care measure sought by GOP Sens. Susan Collins (Maine) and Lamar Alexander (Tenn.) that would have allowed states to establish high-risk pools to help cover costly insurance claims while restoring certain payments to insurers under the Affordable Care Act. Trump, who ended the “cost-sharing reduction” payments in the fall, supported the Collins-Alexander language. But Democrats opposed it, because they said it included language expanding the existing prohibition on federal funding for abortions.

Guns: The bill includes the Fix NICS Act, bipartisan legislation aimed at improving the National Instant Criminal Background Check System that is used to screen U.S. gun buyers. It provides for incentives and penalties to encourage federal agencies and states to send records to the federal database in an effort to prevent the type of oversight that preceded last year’s church massacre in Sutherland Springs, Tex. Democrats pushed for more aggressive gun laws, including universal background checks, but won only a minor concession: Language in the report accompanying the bill clarifying that the Centers for Disease Control and Prevention can, in fact, conduct research into gun violence. A long-standing rider known as the Dickey Amendment, which states that no CDC funds “may be used to advocate or promote gun control,” has been interpreted in the past to bar such research. The amendment itself remains.

Taxes: The “grain glitch,” a provision in the new GOP tax law that favored farmer-owned cooperatives over traditional agriculture corporations by providing a significantly larger tax benefit for sales to cooperatives, is undone in the bill. Farm-state lawmakers and farming groups said that without a fix, the tax law could disrupt the farm economy and even put some companies out of business. The spending bill tweaks the tax law to level the playing field between sales to coops and corporations. Democrats in exchange got a 12.5 percent increase in annual allocations for a low-income housing tax credit for four years.

Internal Revenue Service: Despite the administration’s attempts to slash its budget, lawmakers grant $11.431 billion to the nation’s tax collectors, a $196 million year-to-year increase and $456 million more than Trump requested. The figure includes $320 million to implement changes enacted as part of the GOP tax overhaul plan.

Opioids: The bill increases funding to tackle the opioid epidemic, a boost that lawmakers from both parties hailed as a win. The legislation allocates more than $4.65 billion across agencies to help states and local governments on efforts toward prevention, treatment and law enforcement initiatives. That represents a $3 billion increase over 2017 spending levels.

Foreign policy: Included in the spending bill is the Taylor Force Act. Named after an American who was killed by a Palestinian in 2016, the measure curtails certain economic assistance to the Palestinian Authority until it stops financially supporting convicted terrorists and their families. It unanimously passed the House last year.

Baseball: Should the bill pass, some minor-league ballplayers could see a raise this year — but only barely. The Save America’s Pastime Act exempts pro baseball players from federal labor laws and has been a major lobbying priority for Major League Baseball ever since minor-league players began suing the league in recent years for paying them illegally low wages. The version in the bill exempts only players working under a contract that pays minimum wage, but there are major loopholes: The contract has to pay minimum wage for a only 40-hour workweek during the season, not spring training or the offseason — and it includes no guarantee of overtime even though baseball prospects routinely work long hours. Thus, under the bill, a player is guaranteed a minimum salary of $1,160 a month. The current minor-league minimum is $1,100 a month.

Election security: The bill provides $380 million to the federal Election Assistance Commission to make payments to states to improve election security and technology, and the FBI is set to receive $300 million in counterintelligence funding to combat Russian hacking.

Congressional misconduct: The House appears to have gone further than the Senate to address concerns about how allegations of sexual harassment and misconduct are handled on Capitol Hill. The House set aside $4 million to pay for mandatory workplace rights training and plans to create a new Office of Employee Advocacy to assist employees in proceedings before the Office of Compliance or House Ethics Committees. House leaders also made a point of highlighting plans to expand the House Day Care Center. But senators failed to reach agreement on making changes to how allegations of wrongdoing are handled, so they won’t be included in the bill.

Congressional Research Service: The bill mandates that reports published by Congress’s in-house researchers be published online for public consumption. Historically, such reports have not been easy to access online, and a House Appropriations subcommittee took the lead last year in finally forcing transparency.

District of Columbia: The nation’s capital will see a slight dip in its federal funding. Lawmakers provide $721 million in direct federal funding to the District, a $35 million drop from last year — mostly because of a $22 million cut in emergency planning money that was used to prepare for the 2017 presidential inauguration. Lawmakers also kept out GOP attempts to block the District’s budget autonomy act and its assisted suicide law.

Religion and politics: The federal ban on tax-exempt churches engaging in political activity, known as the Johnson Amendment, will continue, despite attempts by Trump and GOP lawmakers to rescind it.

Jury duty: If you serve on a federal jury, your daily pay rate will increase to $50 per day — a bipartisan win sought in part after two dozen federal grand jurors in Washington petitioned House and Senate judiciary committee members last fall, saying the current pay rate is “abysmal,” below the minimum wage and a hardship.

Secret Service: The agency responsible for protecting the president and his family gets $2.007 billion, including $9.9 million for overtime worked without pay in 2017 and $14 million to construct a taller and stronger fence around the White House. In a win for congressional Democrats concerned about Secret Service agents protecting Donald Trump Jr. and Eric Trump on overseas business trips, the bill includes language requiring an annual report on travel costs for people protected by the service — including the adult children of presidents.

Restaurant tips: In December, the Labor Department proposed a rule that would allow employers such as restaurant owners to “pool” their employees’ tips and redistribute them as they saw fit — including, potentially, to themselves. That generated a bipartisan outcry, and the bill spells out explicitly in law that tip pooling is not permitted: “An employer may not keep tips received by its employees for any purposes, including allowing managers or supervisors to keep any portion of employees’ tips, regardless of whether or not the employer takes a tip credit.”

Yucca Mountain: The legislation blocks attempts by the Energy Department to restart a moribund nuclear storage program at the mountain in the Silver State. Former Senate majority leader Harry M. Reid (D-Nev.) was a fierce opponent of the measure. Sens. Dean Heller (R-Nev.) — the most embattled GOP incumbent up for reelection this year — and Catherine Cortez Masto (D-Nev.) proved that they, too, can stop a federal program that is widely unpopular in their state from starting again.

FBI: The spending bill grants the agency $9.03 billion for salaries and expenses, a $263 million jump over the last fiscal year and $307 million more than the Trump administration requested. The bill does not include any funding for the construction of a new FBI headquarters, a win for Sen. Chris Van Hollen (D-Md.), a member of the Senate Appropriations Committee. According to aides familiar with the move, the senator sought to block new construction funding in response to the administration’s plans to keep the FBI headquarters in downtown Washington instead of moving it to suburban Virginia or Maryland.

Asian carp: The invasive species has wreaked havoc on the Great Lakes, and lawmakers from states bordering the lakes touted language that forces the Army Corps of Engineers to keep working on ensuring that vessels in the Illinois River don’t carry the carp across an electric field erected to keep them out of the lakes.

Apprenticeships: Federal money for apprenticeship programs will increase by $50 million, and there’s a $75 million increase for career and technical education programs. The office of House Speaker Paul D. Ryan (R-Wis.) noted that other job training and “workforce development” programs also stand to benefit, including “more money for child care and early head start programs to help make it easier for job seekers to enter or return to the workforce.” This has been an area of concern for former “Apprentice” star Ivanka Trump.

Arts: Federal funding for the arts goes up, despite GOP attempts to slash it. The National Endowments for the Arts and Humanities will see funding climb to $152.8 million each, a $3 million increase over the last fiscal year. Trump proposed eliminating the endowments. The National Gallery of Art gets $165.9 million, a $1.04 million jump in funding. The John F. Kennedy Center for the Performing Arts will receive $40.5 million, which is $4 million more than the last fiscal year.

https://www.washingtonpost.com/news/powerpost/wp/2018/03/22/heres-what-congress-is-stuffing-into-its-1-3-trillion-spending-bill/?utm_term=.cd95b9bc69e6

 

 

State and Local Income, Sales and Property Taxes All Hit Records in 2017

By Terence P. Jeffrey | March 22, 2018 | 12:54 PM EDT

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(CNSNews.com) – Real state and local income, sales and property taxes all hit records in 2017, according to data released this week by the Census Bureau.

State and local governments collected a record $404,509,000,000 in individual income taxes in 2017, according to the Census Bureau. Before 2017, the greatest level of individual income tax revenues collected by state and local governments occurred in 2015, when those governments collected $399,933,270,000 in individual income taxes (in constant 2017 dollars converted using the Bureau of Labor Statistics inflation calculator).

State and local governments also collected a record $386,153,000,000 in general sales and gross receipts taxes in 2017. Prior to that, the largest state and local general sales and gross receipt tax collections took place in 2015, when state and local governments collected $385,904,260,000 in those taxes (in constant 2017 dollars).

At the same time, state and local governments collected a record $573,064,000,000 in property taxes in 2017. Before 2017, the largest property tax collections took place in 2016, when state and local governments collected $551,936,350,000 in property taxes (in constant 2017 dollars).

Property taxes also hit a record in 2017 on a per capita basis. During the year, the record $573,064,000,000 in property taxes that state and local governments collected from property owners equaled $1,759 per each of the 325,719,178 men, women and children in the United States.

Per capita state and local income taxes peaked in 2015 at approximately $1,246 and per capita state and local general sales and gross receipts taxes peaked in 2006 at approximately $1,214.

The Census Bureau defines “general sales and gross receipts taxes” as taxes that “are applicable with only specified exceptions to all types of goods and services, or all gross income.” Taxes that are targeted at specific items such as alcoholic beverages, amusements, insurance, motor fuels, amounts bet at race tracks, public utilities and tobacco are not counted.

Property taxes, according to the Census Bureau, are taxes “conditioned on ownership of property and measured to its valued.” They include taxes on real and personal property, including motor vehicles.

https://www.cnsnews.com/news/article/terence-p-jeffrey/state-and-local-income-sales-and-property-taxes-hit-records-2017

It’s all Congress’s fault! White House says it can only build 33 miles of new border barriers because Democrats refuse to give them money for the whole wall Trump promised

  • Congressional budget appropriation for the next six months sets aside $1.6 billion for immigration and border security
  • Only $600 million of that covers construction of small parts of Donald Trump’s promised border wall
  • White House budget chief says GOP got 110 miles of border barriers funded, but only 33 miles cover stretches of open border with no existing walls or fencing
  • President promised last year to build his wall in his first term and said it would require 700 to 900 miles of new sections
  • At that rate is would take at least 10-1/2 years to complete, and maybe longer 

White House officials said Thursday that President Donald Trump will sign a hotly contested budget bill when lawmakers send it to him, despite the fact that it provides for only 33 miles of new barriers along the U.S.-Mexico border.

Trump vowed in April 2017 that his long-promised border wall would be finished by the end of his first term in office.

‘It’s certainly going to – yeah,’ he told reporters then, answering a specific question about a four-year timeline and adding that ‘we have plenty of time.’

But at the rate the White House has agreed to, the project could stretch through more than two administrations.

President Donald Trump promised to build a border wall in his first term to separate the U.S. from Mexico, but the latest congressional budget sets a pace that would take more than a decade to complete it

President Donald Trump promised to build a border wall in his first term to separate the U.S. from Mexico, but the latest congressional budget sets a pace that would take more than a decade to complete it

White House budget chief Mick Mulvaney said Thursday that the six-month budget includes money for 110 miles of walls and fencing but just 33 miles of that will go up in places that don't already have them

White House budget chief Mick Mulvaney said Thursday that the six-month budget includes money for 110 miles of walls and fencing but just 33 miles of that will go up in places that don’t already have them

More than half of the 110 funded miles – 63 in all – will look like this section, with replacement 'bollard walls' going up so weaker fencing can be torn down

More than half of the 110 funded miles – 63 in all – will look like this section, with replacement ‘bollard walls’ going up so weaker fencing can be torn down

White House Budget Director Mick Mulvaney said Thursday in a hastily assembled briefing that Capitol Hill inertia is to blame.

‘If Congress would give us the money to do this, we would do it now,’ he told DailyMail.com.

His team and that of Legislative Director Marc Short have secured funding for 110 miles of border barriers costing a sliver of the $1.3 trillion spending bill set to finish its path through Congress later in the day.

Including new roads, Air Force and U.S. Marine Corps assets, technological improvements, facilities, border patrol vehicles, boats, weapons and new personnel, he total package will consumer $1.6 billion in taxpayer dollars.

Some estimates put funding for border barriers in Thursday’s spending bill at just $600 million of that

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Trump has said he would only need to build between 700 and 900 miles of walls to secure the border; more than half of the 1,954 miles is lined by 'natural barriers' like mountains and rivers

Trump has said he would only need to build between 700 and 900 miles of walls to secure the border; more than half of the 1,954 miles is lined by ‘natural barriers’ like mountains and rivers

The president made a show last week of visiting border wall prototypes in San Diego last week, but it's unclear if or when they'll ever be included in actual construction

The president made a show last week of visiting border wall prototypes in San Diego last week, but it’s unclear if or when they’ll ever be included in actual construction

Hundreds of miles of U.S.-Mexico border, like this area in southern Arizona, are completely unprotected

Hundreds of miles of U.S.-Mexico border, like this area in southern Arizona, are completely unprotected

 President Trump inspects prototypes of border wall in California

The president agreed during his campaign that the entire 1,954 miles of U.S.-Mexico border doesn’t need physical protection from illegal immigration and the drug trade.

He said last year aboard Air Force One on his way to Paris for a Bastille Day celebration that between 700 and 900 miles would be sufficient because the rest is blocked by ‘natural barriers’ including mountains and ‘rivers that are violent and vicious.’

Ordinary fencing already stretches along 650 miles of the border. An administration official said this week that a stronger wall ‘would have to be replacing all of that.’

The appropriations bill that Mulvaney said will get a presidential signature only covers about six months – until the end of the government’s fiscal year on September 30.

This fencing is all that separates Mexico from 'El Norte' in some parts of Arizona

This fencing is all that separates Mexico from ‘El Norte’ in some parts of Arizona

White House Director of Legislative Affairs Marc Short (left) told reporters Thursday that his office is already pressing for more wall funding in 2019

White House Director of Legislative Affairs Marc Short (left) told reporters Thursday that his office is already press