Category Archives: U.S. national debt

Trump spurs sharp jump in optimism of top U.S. CEOs

maga

Funny how that happens when you put a businessman in the White House instead of a community organizer.

From Seattle Times: The nation’s top chief executives like what they’re seeing and hearing from President Donald Trump and his fellow Republicans, according to survey results released Tuesday by the Business Roundtable.

The economic expectations of the heads of the nation’s largest companies jumped in the first quarter by the most in more than seven years amid optimism about corporate tax cuts, reduced regulations and a boost in infrastructure spending promised by Trump and congressional leaders, the trade group found.

“As these results confirm, business confidence and optimism have increased dramatically,” said Jamie Dimon, chief executive of JPMorgan Chase & Co. and this year’s chairman of the Business Roundtable.

The group, composed of the heads of the largest U.S. companies, said its quarterly CEO Economic Outlook Index shot up to 93.3 from 74.2 in the fourth quarter. It was the biggest increase since the third quarter of 2009 and the highest level in nearly three years.

The index is based on projections for sales, capital spending and hiring over the next six months, and ranges from -50 to 150, with a reading above 50 indicating the economy is expanding.

Since the survey began in 2002, the average has been 79.8. The first quarter was the first time the index has been above its historical average in nearly two years.

The increased optimism from major corporate chieftains echoed recent surveys showing small-business owners and consumers also are feeling much better about the economy since Trump’s election.

“Clearly CEOs are very positive about prospects for hiring, sales and investment,” said Joshua Bolten, president of the Business Roundtable.  “Their view of the overall economy has also brightened slightly.”

The 141 CEOs surveyed between Feb. 8 and March 1 projected that the U.S. economy would expand 2.2 percent this year. That was up from a 2 percent prediction in December but still well below the 3 to 4 percent annual growth Trump said he could produce. (Well, give him some time…he’s only been in office two months!)

The optimism might also have something to do with this:

From Gateway Pundit: “On January 20th, the day of President Trump’s Inauguration, the US Debt stood at $19,947 billion. As of March 16th, the most recent date for US debt reporting, the US Debt stands at $19,846 billion. President Trump has cut the US Debt burden by over $100 billion and 0.5% in the first two months since his inauguration!

DCG

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WikiLeaks founder Julian Assange: Hillary Clinton pushing for VP Pence to take over the White House

Early this morning, WikiLeaks‘ founder Julian Assange sent two alarming tweets:

One, that Hillary Clinton is “quietly pushing” for VP Mike Pence to take over the Trump administration because, unlike President Trump, “Pence is predictable” and therefore “defeatable”.

Two, that two officials in the U.S. intelligence community (IC) who are close to Pence said “they are planning on a Pence takeover”.

Here are screenshot of the two tweets:

The tweets are alarming, to say the least.

A Pence takeover would mean one of four scenarios:

  1. President Trump voluntarily steps down.
  2. President Trump is impeached.
  3. President Trump is overthrown in a coup.
  4. President Trump is assassinated.

About 6 hours after Assange’s first tweet, in a tweet, CNN quotes VP Pence that Assange’s assertion about a “Pence takeover” of the White House is “absurd” and “frankly offensive”:

By this time, Assange probably realized that people may have interpreted his first tweet as implying a Trump assassination. So he sent out another tweet that Hillary Clinton and the two intelligence officials had meant impeachment:

Notwithstanding Assange’s reassurance, there have been so many death threats (see below) made against President Trump, the matter certainly is not out of the realm of possibility or probability. See:

I have seen rumors of assassination, but have refrained posting those rumors because of what they are — rumors. But of late, my “spider sense” is astir: there is something ominous in the air . . . .

It doesn’t help that tomorrow, March 15, is the infamous Ides of March when Julius Caesar was assassinated. The Left are calling on their demonic hordes to mail attack postcards to President Trump; our side has a counter Operation Postcard campaign, wherein we are sending President Trump postcards of thanks and support. Click here for President Trump’s address and a template for your postcard.

Tomorrow, March 15, is also when America’s debt ceiling, once again, is reached.

Debt ceiling refers to a legislative limit on the amount of national debt that can be issued by the US Treasury, thus limiting how much money the federal government may borrow. Tomorrow, when the debt ceiling is reached but Congress does not increase the debt limit, Treasury will need to resort to “extraordinary measures” to temporarily finance government expenditures and obligations until a resolution can be reached. If a legislative impasse continues, the Treasury will default — which has never happened. A protracted default could trigger a variety of economic problems including a financial crisis, and a decline in output that would put the country into an economic recession.

Please pray for President Trump.

Please pray for America.

And don’t forget to mail your postcard of support tomorrow!

H/t Will Shanley

~Eowyn

Trump’s uplifting effects on U.S. economy

WND, March 10, 2017, on the “miraculous” effects of President Trump on the U.S. economy:

(1) U.S. national debt actually decreased

The U.S. debt clock is actually spinning backwards since Donald Trump was inaugurated President on Jan. 20:

  • On inauguration day, U.S. national debt stood at $19.947 trillion.
  • Instead of increasing, the debt since Jan. 20 has declined 0.3% by $68 billion, for the first time in at least 10 years.
  • In contrast, the debt rose 3.1% by $320 billion in the same period under Barack Obama. Overall, the national debt nearly doubled in Obama’s 8 years, by far the largest increase in any administration in history.

(2) Job Gains

According to the first federal jobs report from the Bureau of Labor Statistics reflecting a full month of Trump’s presidency:

  • 238,000 jobs and 235,000 jobs were added to the labor force in January and February 2017, respectively:
    • Jobs in construction increased by 58,000, the most in almost a decade.
    • Jobs in manufacturing also posted strong gains with 28,000 new jobs. So far in 2017 (January and February), the U.S. has gained more manufacturing jobs (+39,000) than government jobs (+25,000), which is a healthy sign.
  • Exxon Mobil Corp. announced a $20 billion building spree that will create 45,000 jobs along the Gulf Coast.
  • The performance by the Trump economy exceeded expectations: Economists surveyed by Reuters had expected the economy to add 190,000 jobs, which is about the average job gains of 187,000 per month in the final year of Obama’s presidency.

(3) Increase in Labor Force Participation Rate

The labor force participation rate increased in February to 63% of Americans who either held a job or were actively looking for one — the highest labor participation rate in 10 months. 152,528,000 Americans were employed in February, 447,000 more than in January.

(4) Increase in Average Hourly Earnings

Average hourly earnings increased by a healthy 2.8% on an annualized basis.

All of which led John Canally, chief economic strategist at LPL Financial, to say:

“You’re getting more strength in the labor market than I would have anticipated. There’s been a burst in animal spirits since Trump was elected.”

But the Left want Trump removed, which goes to show just how anti-America they are.

Go, Trump!

~Eowyn

Feds paid $1 BILLION in Social Security benefits to individuals without a SSN

serious

Drain the over-bloated, incompetent swamp.

From Fox NewsThe Social Security Administration paid $1 billion in benefits to individuals who did not have a Social Security Number (SSN), according to a new audit.

The agency’s inspector general found errors in the government’s documentation for representative payees, otherwise known as individuals who receive retirement or disability payments on behalf of another person who is incapable of managing the benefits themselves.

The audit released Friday found thousands of cases where there was no SSN on file.

Over the last decade, the agency paid $1 billion to 22,426 representative payees who “did not have an SSN, and SSA had not followed its policy to retain the paper application.”

“Furthermore, unless it takes corrective action, we estimate SSA will pay about $182.5 million in benefits, annually, to representative payees who do not have an SSN or paper application supporting their selection,” the inspector general said.

The inspector general also found the agency paid $853.1 million in benefits since 2004 to individuals who had been terminated as representative payees by the agency.

Click for more from The Washington Free Beacon.

DCG

U.S. bishops oppose President Trump on border wall and illegal immigrants

The federal tax exemption privilege accorded to churches, including the Catholic Church, began in 1894, but they had been unofficially tax-exempt since the country’s founding. All 50 US states and the District of Columbia exempt churches from paying income and property taxes. Donations to churches are tax-deductible.

But the tax exemption of churches is contingent on one thing.

A law in 1954, the Johnson Amendment, bans political campaigning by all tax-exempt groups, including churches. From IRS.gov:

The Restriction of Political Campaign Intervention by Section 501(c)(3) Tax-Exempt Organizations

Under the Internal Revenue Code, all section 501(c)(3) organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. Contributions to political campaign funds or public statements of position (verbal or written) made on behalf of the organization in favor of or in opposition to any candidate for public office clearly violate the prohibition against political campaign activity. Violating this prohibition may result in denial or revocation of tax-exempt status and the imposition of certain excise taxes.

Despite the IRS restriction on political campaigning, many churches regularly do so, such as black churches on behalf of Democratic candidates, and yet continue to enjoy tax exemptions. According to ProCon.org, since Congress passed the law banning churches from intervening in political campaigns, the IRS has been successful in using the law to revoke the tax-exempt status of only one church: the Church at Pierce Creek in Binghamton, NY, which had placed an advertisement in USA Today and the Washington Times rebuking Bill Clinton four days before the 1992 presidential election.

On January 20, 2017, the day of his presidential inauguration, Donald Trump filed a notice (FEC Form 99) with the Federal Election Commission (FEC) of his intention to run for reelection in 2020. That means non-profit groups, including the Catholic Church, will need to refrain from speech and activities that may be construed as against and undermining political candidate Donald Trump, unless those groups want their tax-exempt status to be revoked.

See “Trump card: Trump filed for 2020 reelection with SEC, thereby gagging non-profits

On January 25, his third full day on the job as president and 5 days after he’d filed Form 99 with the FEC that he’s a 2020 political candidate, President Trump fulfilled his campaign promises concerning illegal “immigration” by signing two executive orders:

(1) Executive Order: Border Security and Immigration Enforcement Improvements, which authorizes the following:

  • Construction of a “contiguous physical wall” along the roughly 2,000-mile U.S.-Mexico border, in the interest of border and national security. Planning of wall construction will begin immediately.
  • Detention of aliens “apprehended for violations of immigration law pending the outcome of their removal proceedings or their removal from the country to the extent permitted by law.”
  • Deportation of aliens “described in section 235(b)(2)(C) of the INA (8 U.S.C. 1225(b)(2)(C))” and their return “to the territory from which they came pending a formal removal proceeding” and “consistent with the requirements of section 1232 of title 8, United States Code.
  • End “the abuse of parole and asylum provisions currently used to prevent the lawful removal of removable aliens.”

(2) Executive Order: Enhancing Public Safety in the Interior of United States, which authorizes the following:

  • Defunding of sanctuary states and cities that willfully violate Federal immigration law in an attempt to shield aliens, including criminals, from removal from the United States and, in so doing, “have caused immeasurable harm to the American people and to the very fabric of our Republic.” Henceforth, “jurisdictions that willfully refuse to comply with 8 U.S.C. 1373 (sanctuary jurisdictions) are not eligible to receive Federal grants, except as deemed necessary for law enforcement purposes by the Attorney General or the Secretary.”
  • Priority removal of aliens who have been convicted of or charged with any criminal offense; committed acts that constitute a chargeable criminal offense; abused any program related to receipt of public benefits; or “In the judgment of an immigration officer, otherwise pose a risk to public safety or national security.”
  • Assessment and collection of all fines and penalties from aliens unlawfully present in the United States and from those who facilitate their presence in the United States.

To aid in the enforcement of the above two executive orders, Trump also authorized the hiring and assignment of 15,000 new Border Control and immigration agents, “as soon as is practicable”.

bishop-joe-vasquez

On the same day that President Trump signed the above two executive orders, Joe Vásquez, Bishop of the Diocese of Austin, Texas, issued a statement opposing the presidential orders:

WASHINGTON–President Donald J Trump today issued executive orders to construct a wall at the U.S./Mexico border, to significantly increase immigrant detention and deportation, and to disregard/preempt/overrule the judgment of state and local law enforcement on how best to protect their communities.

In response to the decision to build a wall on the U.S./Mexico border, Bishop Joe Vasquez, Chair of the Committee of Migration and Bishop of the Diocese of Austen, stated:

“I am disheartened that the President has prioritized building a wall on our border with Mexico. This action will put immigrants’ lives needlessly in harm’s way. Construction of such a wall will only make migrants, especially vulnerable women and children,  more susceptible to traffickers and smugglers. Additionally, the construction of such a wall destabilizes the many vibrant and beautifully interconnected communities that live peacefully along the border. Instead of building walls, at this time, my brothers bishops and I will continue to follow the example of Pope Francis. We will ‘look to build bridges between people, bridges that allow us to break down the walls of exclusion and exploitation.'”

In regards to President Trump’s authorization of the detention and deportation of illegal aliens, whom Bishop Vasquez disingenuously calls “immigrants,” he writes:

“The announced increase in immigration detention space and immigration enforcement activities is alarming. It will tear families apart and spark fear and panic in communities. While we respect the right of our federal government to control our borders and ensure security for all Americans, we do not believe that a large scale escalation of immigration detention and intensive increased use of enforcement in immigrant communities is the way to achieve those goals. Instead, we remain in our commitment to comprehensive, compassionate, and common-sense reform. We fear that the policy announced today will make it much more difficult for the vulnerable to access protection in our country. Everyday my brother bishops and I witness the harmful effects of immigrant detention in our ministries. We experience the pain of severed families that struggle to maintain a semblance of normal family life. We see traumatized children in our schools and in our churches. The policies announced today will only further upend immigrant families.

We will continue to support and stand in solidarity with immigrant families. We remind our communities and our nation that these families have intrinsic value as children of God. And to all those impacted by today’s decision, we are here to walk with you and accompany you on this journey.”

Nowhere in his statement does Bishop Vasquez:

  • Acknowledge that the “immigrant” families are in the United States illegally in violation of U.S. laws.
  • Acknowledge that illegal aliens have committed heinous crimes, including rape and murder.
  • Recognize that illegal aliens are a drain on already overburdened federal and state government resources — those of welfare, food stamps, schooling and healthcare — in a country with a national debt of $20 trillion.
  • Recognize the “pain” of or display “compassion” for beleaguered U.S. taxpayers.
  • Offer an alternative policy on how to address the illegal “immigration” problem, or even acknowledge that it is a problem.

Notice that in his statement, Vasquez referred only to “immigrant” “women and children,” as if there are no adult male illegal aliens — a tactic also used by those who want the U.S. to open our doors to Muslim refugees.

Notice also that in his statement, Vasquez made repeated references to “we” and “my brother bishops and I,” thereby implying that he speaks not just as Bishop of the Diocese of Austin, but on behalf of all U.S. bishops.

Indeed, Vásquez, who is of Mexican-American heritage, serves on the Subcommittee on Hispanic Affairs of the U.S. Conference of Catholic Bishops (USCCB) and claims to be Chair of the Committee on Migration, although the USCCB website shows the Chair to be Auxiliary Bishop of Seattle Eusebio.  Vásquez also serves on the Board of Directors of Catholic Relief Services (CRS), the international charity organization founded by the USCCB in 1943, whose employees gave nearly all of their political donations to pro-abortion political candidates, although the Catholic Church regards abortion as an intrinsic evil for which no justification or rationalization is acceptable. (See “98% of Catholic Relief Services’ contributions go to pro-abort politicians“).

Bishop Vasquez should be reported to the IRS for violating the prohibition against tax-exempt organizations intervening in favor of or against a candidate for political office. To report him, use the IRS Form 3949-A, and mail the completed form to:

Internal Revenue Service
Fresno, CA 93888

Vasquez can be reached at:

  • Phone: (512) 949-2415
  • Email his executive assistant Melinda Johnson: melinda-johnson@austindiocese.org

See also:

~Eowyn

NY mag writer Jonathan Chait defends his offer for a $100M bounty on President Trump ‘dead or alive’

jonathan-chait

From Wikipedia:

Jonathan Chait is a liberal/progressive commentator and writer for New York magazine. He was previously a senior editor at The New Republic and an assistant editor of The American Prospect. He writes a periodic column in the Los Angeles Times. Chait was born to an American Jewish family.

On March 2, 2016, Jonathan Chait @jonathanchait tweeted this:

jonathan-chait-tweet-offers-100m-bounty-for-trump-dead-or-alive

That tweet has come back to haunt Chait after some bloggers recently discovered it, which prompted Chait to issue a denial: It’s a joke, folks!

jonathan-chait-denial-of-trump-bounty

What is a joke is his new fawning book on Obama’s “enduring” legacy, Audacity: How Barack Obama Defied His Critics and Cheated a Legacy That Will Prevail, which Chait is urging people to buy. Make sure you shun his book!

The tweets in response to his book are hilarious. Here’s a sample:

Perry: “His legacy will be his massive debt explosion. That will be remembered for a very long time.”

kiwitrump: “but most of all he’s really kicking himself for putting that computer-generated forgery from Kinkos on the WH website”

Karen Steffens: “I call Bullshit!”

TheaterCabinet.com: “what is the legacy????”

AROB/GTOWN: “Do you have anymore jokes, I gotta good laugh after this last tweet!”

Ron: “this will be found in the fiction section at Barnes and Noble”

Alex Ragen: “In 2 weeks, Trump will undo it all.”

H/t Kelleigh

~Eowyn

Obama’s Legacy

When a President leaves office, there is much talk of his legacy.

After 8 misbegotten years in the White House, here’s Barack Obama’s legacy. I’m sure you can think of more!

obamas-real-legacylove-trumps-hateobamas-americaobamas-legacy

~Eowyn