Wednesday, December 13, 2017

Dimon says tax cut will cause companies to buy back their own stock and that's not a 'bad thing'


President Trump says GOP just "days away" from delivering on promised tax plan. "We want to give you the American people a giant tax cut for Christmas."


Jeff Tucker: Donald Trump Has Hurt The Legitimacy of Big Government

Mark Perry links to this Jeff Tucker essay written in May:
For the center-left crowd, all their hopes and dreams are bound up with particular political processes, outcomes, and institutions. The state is their favorite tool for all the good they aspire to do in this world. It must be protected, guarded, defended, and celebrated. The illusion that the government is not a taker but a giver and the source of all good things must be maintained. The gloss of the democratic process must be constantly refurbished so that the essential sanctity of the public sector can be constantly cited as the highest calling.

The center-left has at least one hundred years of work and resources invested in the state’s health, well-being, reputation, and exalted moral status. Nothing must be allowed to threaten it or take it down a peg or two. Any failures must be deemed as temporary setbacks. The slightest sign of some success must be trumpeted constantly. The population must be subjected to unrelenting homilies on the essential holiness of the public sector.

They believe so strongly that they can make the world a better place through the managerial state that it has become their religion. It’s their very core! The president is supposed to at least pretend to be the high priest of the statist religion. That’s his job, according to this outlook.

Everything seemed to being going so well under the Obama administration, which was so earnest, so decorous, so civil. He was funny, smart, respectful of process, and sincere in his pronouncements. He ran on hope and change but governed as the person who kept hope for a new freedom and any radical change at bay.

Trump has profoundly disturbed the balance. He overthrew the respective establishments of two parties, tore right into the legitimacy of the national press, humiliated every expert who predicted his demise, and is now stumbling around Washington like a bum in a jewelry store. He is not actually cutting back on the size of the state; he is doing something even more terrifying from the center-left point of view: he is ruining the mystery of the state, and thereby discrediting their holy institutions.

Trump is not a liberator in any sense. His temperament suggests the opposite. It was he who famously said in the campaign: “The nation-state remains the true foundation for happiness and harmony.” Moreover, and in many ways, the deep state has regrouped and bitten back to avoid losing power and influence in Washington.

Even so, he is everything that the center-left fears most, a person who works, despite himself, to discredit the thing they love the most. He has demoralized them beyond consoling. Now we are seeing talk of impeachment. This seems to be some people’s last hope for saving the old faith.

But the truth is that, with or without Trump’s reign of chaos, the 20th-century project of enlightened and comprehensive statism is not sustainable for the long run. The welfare programs are drying up and their plans have constantly proven unviable and unworkable. We live in a world in which the miracles of the private commercial sector are all around us, while the failures of statism are everywhere present as well.

The old world of command and control just can’t last, not for the long run. Perhaps this is the role that Trump is inadvertently playing in this great drama of history. And this is precisely why his existence is driving the partisans of old-fashioned government planning to psychotropic drugs to control their anger and panic.
We encourage you to read this one, three times.

Nearly 5 Million Americans in Default on Student Loans. Number surges in recent years despite strengthening economy .

The Wall Street Journal reports:
The number of Americans severely behind on payments on federal student loans reached roughly 4.6 million in the third quarter, a doubling from four years ago, despite a historically long stretch of U.S. job creation and steady economic growth.

In the third quarter alone, the count of such defaulted borrowers—defined by the government as those who haven’t made a payment in at least a year—grew by nearly 274,000, according to Education Department data released Tuesday.

The total number of defaulted borrowers represents about 22% of the Americans who were required to be paying down their federal student loans as of Sept. 30. That figure has increased from 17% four years earlier.

The money they owe is becoming a bigger share of total outstanding student debt in repayment. Defaulted student loans totaled $84 billion at the end of the quarter, or 13% of the roughly $631 billion that borrowers were required to be paying down.
A pretty amazing story.

Fitch: States’ net pension liabilities rise in FY 2016; Illinois tops list

Pensions and Investments reports:
Illinois has the highest pension burden among all 50 states, said Fitch Ratings' 2017 state pension report released Tuesday. ​

According to the report, Illinois' unfunded pension liabilities amounted to 22.8% of residents' personal income at the end of fiscal year 2016, compared to a median 3.1% for all states and 1% for Florida, the least burdened state.

The median 3.1% for all states is higher than the approximately 2.9% reported in fiscal year 2015, which Fitch attributed in the report to weak asset performance, reduced discount rates, inadequate employer pension contributions, and "ongoing unfavorable demographic and actuarial trends."
The struggles of one Blue America state.

U.S. Senator Cory Booker (D-NJ) Admits He Sexually Assaulted a Woman. Read his own account of grabbing a young girl's breast who was 'too drunk to know what she was doing'


Minnesota lieutenant governor to replace Franken, run for seat in 2018

The Hill

The Modern Logic Of Today's Feminism


You may be mining cryptocurrencies for fraudsters while watching online videos

RT

Mark Perry: And people are worried about Bitcoin?


House and Senate GOP leaders reach deal on tax package, sources say

The Chicago Tribune reports:
House and Senate GOP leaders forged an agreement Wednesday on a sweeping overhaul of the nation's tax laws, paving the way for final votes next week to slash taxes for businesses and give many Americans modest tax cuts starting next year.

Top GOP aides said lawmakers had reached an agreement in principle on the final package. They spoke on condition of anonymity because they were not authorized to talk publicly about private negotiations.



Details still need to be drafted and assessed by congressional scorekeepers, but the final House-Senate compromise is on track to be unveiled this week, the aides said.

Asked if there is a deal in principle on the tax cuts, Sen. Orrin Hatch, R-Utah, said, "It's more than that. I think we've got a pretty good deal."

The measure would give President Donald Trump his first major victory in Congress. It fulfills a longstanding goal by top Republicans such as Speaker Paul Ryan to rewrite the loophole-cluttered tax code.

The measure has come under assault by Democrats who say it is unfairly tilted in favor of business and the wealthy.

Top Senate Democrat Chuck Schumer said Wednesday GOP leaders should pump the brakes on taxes and delay a final vote until Sen.-elect Doug Jones, D-Ala., is sworn in.

"It would be wrong for Senate Republicans to jam through this tax bill without giving the newly elected senator from Alabama the opportunity to cast his vote," Schumer told reporters. "That's exactly what Republicans argued when (former Massachusetts GOP Sen.) Scott Brown was elected in 2010."
Imagine that.

Flashback Photo : Andrew McCabe And His Political Wife

Is the FBI proud of partisan politics?

"Trump Should Go F Himself" - Texts Leak From FBI Agents On Russia Probe, Hillary Emails Investigation

Zerohedge

Should cops lower admission requirements to entice recruits?

Percentage of Births By Unmarried Women By Race


Shockingly enough, women find strong arms and muscles attractive when they look at pictures of shirtless men


Flashback 2013: Bitcoin vs. Gold: The Future of Money - Peter Schiff Debates Stefan Molyneux

Killjoys: A Critique of the Nanny State

‘Child refugee’ who raped and murdered the daughter of an EU official is 33 YEARS OLD his father tells German court

The Daily Mail

For the fools on the left trying to CONNECT TRUMP to EPSTEIN Its already been tried by FUSION GPS! Fusion GPS Tried And Failed To Link Trump To Jeffrey Epstein


Photos are coming in of the conservative riots in Alabama today as a result of last night’s senate election results


The Senate is structurally stacked against Dems: Median seat is one that backed Trump by about 3.5 points, similar to median House seat (so about 5.5 pts right of nation). But they have 49 seats b/c they now hold 12 seats in Trump states, while Rs hold just 3 in Clinton states.


Jimmy Kimmel and wife Molly McNearney made separate $2,700 donations to Democrat Doug Jones

Democrat party donor, with TV show, Jimmy Kimmel in the news.

White House: Trump's Gillibrand tweet wasn't sexual unless "your mind is in the gutter"


Compare the number of Muslim crusades & the number of Christian crusades & realise that everything you were told in school was a distorted version of history intended to create white guilt.


Illinois Drives People Away. The taxpayer migration continues from the Land of Ever Higher Taxes.


The Wall Street Journal

CNN says Anderson Cooper's account was hacked when it replied to @realDonaldTrump calling him a "tool" and "pathetic loser"


In Texts, F.B.I. Officials in Russia Inquiry Said Clinton ‘Just Has to Win’

The New York Times reports:
Senior F.B.I. officials who helped investigate Donald J. Trump’s presidential campaign last year wrote in text messages that Hillary Clinton “just has to win” and described a potential Trump victory as “terrifying,” according to texts released Tuesday night.

A top counterintelligence agent, Peter Strzok, exchanged the messages with Lisa Page, a senior F.B.I. lawyer. Some messages criticized Mrs. Clinton’s team, the Obama administration, Congress and other Democrats. But the two appeared appalled at some of Mr. Trump’s comments during the campaign and feared that he would politicize the F.B.I.

For example, after Mr. Trump made an apparent sexual allusion related to the size of his hands, Ms. Page wrote: “This man cannot be president.” In another exchange, Mr. Strzok wrote of a potential Trump presidency, “I’m scared for our organization.” He also referred to Mr. Trump as a “douche.” The messages were turned over to Congress and obtained by The New York Times.
The New York Times notices the bias of some federal government workers.

Dems back away from brink on Dreamers. Democratic leaders will not force a shutdown showdown over relief for young undocumented immigrants.

Politico reports:
Democratic leaders aren’t going to shut down the government to save Dreamers in December.

Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi haven’t stopped fighting to deliver something on immigration by the end of the month. But they’ve subtly shifted their rhetoric in recent days and aren’t insisting that deportation relief be paired with a government funding bill this year.


Top Democrats’ retreat from demands on a deal before 2018 ensures they won’t get blamed for a possible shutdown and won’t upend Senate talks on a bipartisan deal combining relief for Dreamers with border security. Those negotiations appear to be gaining momentum and may well bear fruit this month, particularly once Republicans reach a final agreement on their long-sought package of tax cuts.

But edging away from a hard-line stance also courts a potential uprising from the left, as frustrated activists have long set their sights on a Dreamer solution this year.
Imagine that.

Disgraced former House Speaker Dennis Hastert is barred from being alone with minors and watching porn following conviction in sex abuse case


The Daily Mail

Between 50 and 90% of people get a runny nose when it's cold. Here's why


Who Pays for Americans' Health Insurance?


Gallup

Your Tinder matches will know even more about you now


Obamacare sign-ups expected to lag at the end of enrollment this week


Longtime friendship with Joe Biden pays off for Doug Jones in Alabama Senate race


Walter Williams :Moral Values and Customs

Walter Williams

Schumer Target Of Forged Document Claiming Sexual Harassment

The Daily Caller

(Video) Skull and Bones Member ... Speaks About Skull and Bones


Newsalert

Alabama Senate election: Doug Jones wins in major upset, Roy Moore won't yet concede

Fox News

How Email Open Tracking Quietly Took Over the Web

Wired

Sleep vs. Exercise?


The New York Times

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