Big govt, Courts, Economy & Investments, Politics

DOJ Tells Court That Obamacare is Unconstitutional

The U.S. Department of Justice (DOJ) informed a federal appeals court on Monday that President Trump’s repeal of the individual Obamacare mandate has made the entire law unconstitutional, and accordingly the entire thing should be nixed. This fight boils down to the issue of severability or to what degree lawful parts of a law can be upheld following the removal of unconstitutional parts of it. Judge Roger Vinson of the U.S. District Court for the Northern District of Florida has already put forth that the unlawful individual mandate cannot be severed from the remaining portions of the Affordable Care Act and so has the state of Texas. Congress, too, has already found that the individual mandate is key to making the entire Obamacare system function based on that mandatory coverage or financial punishment of those willing to go without coverage. The Obama administration itself called the individual mandate a “linchpin” to the entire system. Read more…

Here’s more form Breitbart…

The Trump-Barr Department of Justice (DOJ) informed a federal appeals court on Monday that it agrees with Texas and the other states suing over Obamacare that President Donald Trump’s repealing of the individual mandate renders the entire law unconstitutional, and therefore should be struck down in its entirety.

This all turns on the legal doctrine of severability. Much of the time when a statute is unconstitutional it is actually only partially unconstitutional. Typically a court will strike down that part of the law, but sever it from the rest of the statute and uphold the remainder.

Pundits who have never studied or litigated severability will surely show up on television now posing as experts, and criticizing DOJ’s position. But writing as a former law school faculty member who authored the largest academic work on severability doctrine ever published, permit me to describe the argument and why it should be taken seriously.

 

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Economy & Investments, Issues, Politics

Millennials Face 1 Trillion in Student Loan Debt

Adults ages 19 to 29 are facing $1 trillion in debt, and most of it is student loans. According to the New York Federal Reserve Consumer Debt Panel, it is the highest debt in this demographic since 2007. Fortune reports that student loan debt has exploded 102 percent since 2009. It is affecting everything from marriage to mortgages to consumer spending. For comparison, overall consumer debt is at a record $13.5 trillion. Read more…

Here’s more from Breitbart…

Young Americans are facing the highest debt levels in more than ten years, adding up to $1 trillion among 19 to 29-year-olds at the end of 2018.

That debt is the highest in the youngest adult group since 2007, according to the New York Federal Reserve Consumer Debt Panel.

The majority of that debt for these Millennials is student loans.

Fortune Magazine reported on the debt and explained how it is impacting spending habits of this demographic based on a University of Michigan survey released last week.

Younger adults— those under age 35—have reduced their spending compared with previous generations possibly because of weakened job prospects, delayed marriage, and educational debt.

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Big govt, Economy & Investments, Politics

The Green New Deal Is Wrong for America

First they came for your wallet. Now Democrats want your car and your hamburgers — making summer cookouts a thing of the past.
But those aren’t the only liberties the left wants to abolish in the name of fighting climate change. Radical liberals led by Rep. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Ed Markey, D-Mass., also want to minimize air travel. It’s all outlined in their Green New Deal, a proposal to fend off a supposed climate apocalypse.

Never mind that China, the world’s largest polluter, emits more carbon dioxide into the atmosphere than the U.S. and the EU combined or that the Philippines, Indonesia, Thailand, Vietnam and China are dumping more plastic waste and debris into the ocean than the rest of the planet is. Far-left lawmakers pushing the utopian Green New Deal don’t want to talk about that or the fact that China opens a new coal plant every week on average, illustrating that the Green New Deal isn’t really about protecting Mother Earth from the effects of climate change; it’s about giving Democrats and big-government socialists control over the entire U.S. economy — and our lives.

It’s a massive power grab under the guise of curtailing the alleged “cataclysmic” effects of climate change — a pseudoscience that is far from settled.

Many esteemed climatologists and meteorologists, including MIT professor emeritus Richard Lindzen, have opposed the hysteria surrounding climate change. They say the earth is entering a cooling phase and warn that enviro-alarmists shouldn’t overestimate carbon dioxide’s effects on the atmosphere. In a 2015 interview on my Boston Herald Radio show, Lindzen told me, “Not only has there been a hiatus in temperature increase, but we have fewer hurricanes than we traditionally have.”

When I asked about reports that sea levels were rising, he explained that they’ve “been rising since the end of the last ice age, at a fairly slow rate. That’s normal. And it was going on long before industrialization.” And when it comes to alarmist proclamations that we must reduce our carbon footprint or risk seeing the world come to an end, Lindzen said, “Climate scientists, until this latest hysteria, used to refer to warm periods, which was most of the earth’s history, as being climate optima. It has nothing to do with decarbonizing. We need carbon dioxide; it is essential to life on earth. And we don’t have any known replacement at the moment.”

Given that there are conflicting data on climate change, it’s unfathomable that any rational human, much less a lawmaker, would want to destroy the U.S. economy and the millions of jobs that go with it by supporting the infantile Green New Deal.

It’s also worth noting that even if there is catastrophic man-made climate change happening and America reduced its carbon footprint to zero — an impossible task in a modern industrialized economy — radical lawmakers still wouldn’t eliminate climate change, with China and the rest of the world polluting the atmosphere and oceans ad nauseam.
That’s all the more reason Americans should refuse to hand their cars, barbecues and airplane tickets — our entire way of life — over to a 29-year-old congresswoman with “big ideas.”
Just because an idea is “big” doesn’t make it good.

Adriana Cohen is a syndicated columnist with the Boston Herald. Follow her on Twitter @AdrianaCohen16. To find out more about Adriana Cohen and read her past columns, please visit the Creators Syndicate webpage at www.creators.com.

COPYRIGHT 2019 CREATORS.COM

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Economy & Investments, Politics

Panera Gives up its Socialist Experiments

On February 15, Panera Bread will close its last “Panera Cares” restaurant located in Boston after concluding that the “pay what you want” model is not sustainable. The first such socialist storefront was opened in St. Louis, Missouri, in 2010, which offered “free” meals but suggested a donation “price.” “In many ways, this whole experiment is ultimately a test of humanity,” Panera founder Ron Shaich said in a TEDx talk later that same year. “Would people pay for it? Would people come in and value it?” Read more…

Here’s more from PJ Media…

Panera Bread has shuttered the last of its ideologically driven “pay what you want” restaurants. The socialist-tinged ventures were called “Panera Cares” and the higher-ups have finally figured out that “caring” is not synonymous with “viable business model.” On February 15, the final Panera Cares, located in Boston, will close.

The website Eater gives Panera Cares’ history and provides the company’s motivation behind the now-defunct mission:

The chain opened its first donation-based community cafe in St. Louis, Missouri, in 2010. Under the model championed by the company’s founder Ron Shaich, the restaurant operated like a typical Panera, but offered meals at a suggested donation price, with the goal of raising awareness about food insecurity. “In many ways, this whole experiment is ultimately a test of humanity,” Shaich said in a TEDx talk later that year. “Would people pay for it? Would people come in and value it?” It appears the answer is a resounding no.

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Big govt, Economy & Investments, Politics

AOC’s “Green New Deal” Spends Us Back to the Stone Age

Democratic socialist Representative Alexandria Ocasio-Cortez (NY) doesn’t merely dislike facts. She also dislikes fiscal sanity, which will cost taxpayers to the tune of $7 TRILLION if her “Green New Deal” is not stopped. The 29-year-old former bartender is calling for “national, social, industrial and economic mobilization at a scale not seen since World War II” to bring about “the country’s near-total economic transformation” in “approximately ten years.” Part of the deal includes eliminating ALL fossil-fuel powered electricity and ALL gas-powered cars. In addition, the plan promises a job for every American. Memo to AOC: socialism has been tried…time and again. It has failed. History is a curious thing, isn’t it?

Here’s more from The Daily Wire…

To Rep. Alexandria Ocasio-Cortez, everything oughta be free. Health care — free. College — free. Heck, the federal government oughta’ give everybody a job, too, and a pile of free money to boot, according to the New York democratic socialist.

Ocasio-Cortez has put forward a draft proposal for a massive government program she calls the “Green New Deal” (yes, she’s right up there with President Franklin D. Roosevelt, who created the “New Deal” during the Depression). And now we’re finding out the price tag for the program: $7 trillion.

The 29-year-old former bartender, who has been a House member for one month, told fellow representatives in a letter that her plan calls for a “national, social, industrial and economic mobilization at a scale not seen since World War II,” Fox News reports.

“Next week, we plan to release a resolution that outlines the scope and scale of the Green New Deal,” Ocasio-Cortez said in the letter, adding that the country’s near-total economic transformation should take approximately ten years.

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Big govt, Economy & Investments, Issues, Politics

Harris Under Fire for Plan to Abolish Private Health Care Plans

Senator Kamala Harris (D-CA), who announced her presidential candidacy this past weekend, has already found herself in controversy after calling for the abolition of private health care plans in favor of “Medicare for All.” Although the Left wing is increasingly calling for unaffordable, single-payer health care, the episode is nonetheless reminiscent of the lies former President Barack Obama spun along the lines of “If you like your health care plan, you can keep it,” which was key to Congress shoving ObamaCare down Americans’ throats. In short, Kamala’s plan can be dubbed Obamacare 2.0.

Here’s more from Fox News…

Sen. Kamala Harris, D-Calif., came under fire on Tuesday for calling for private health care plans to be abolished — the latest plank is what is becoming an increasingly left-wing platform from the California Democrat.

Harris, who announced her 2020 bid for the White House last week, was asked by CNN host Jake Tapper Monday night if people could keep their current health care plan under her “Medicare-for-All” plan. She indicated that people could not, suggesting she wants to move toward a single-payer system rather than a mere expansion of Medicare.

“Well, listen, the idea is that everyone gets access to medical care. And you don’t have to go through the process of going through an insurance company, having them give you approval, going through the paperwork, all of the delay that may require,” Harris told Tapper.

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Big govt, Economy & Investments, Politics

Alexandria Ocasio-Cortez’s Crippling Tax Proposal

When it comes to resolving issues surrounding income inequality, Democrats want it both ways.
They say they want a fairer and more equal system of wealth distribution, while the face of their party, Rep. Alexandria Ocasio-Cortez, a far-left “democratic socialist,” is calling for a 70 percent marginal tax rate for the top income bracket. Borrowing from Mafia terminology, that’s what was colloquially known in the Prohibition era as a good old-fashioned shakedown. The only difference is that today, in 2019, the rising star of the Democratic Party, widely known as AOC, wants big government to do the pilfering.

Perhaps the youngest member of Congress — who, at 29 years of age, has never built a business or created a single job in the private sector outside of her campaign for office in New York’s 14th Congressional District — can explain to the American people how the government’s sucking 70 percent of a taxpayer’s hard-earned marginal income would be “fair” or “equal.” If the true goal is to achieve income “equality,” there would need to be a more equitable marginal tax cap, one not exceeding 50 percent, as taxpayers’ being forced to pay a disproportionately high tax rate versus what they earn would be definitively unequal — especially given the fact that the wealthy are already contributing the lion’s share of taxes while nearly half the country doesn’t pay any income tax at all.

That said, even if one puts aside the moral or amoral aspects of the 70 percent income tax AOC is thunderously proposing to media outlets en masse, the broader question is: Do these types of exorbitant taxes on the rich even work? One need not travel far back in history to see that a “supertax” imposed on the rich in France in 2012 under former President Francois Hollande’s Socialist regime was a total disaster.

Not only did scores of businesses flee France to avoid its exorbitant taxes — or they swiftly sought tax havens abroad, causing significant capital flight — but also many wealthy French citizens earning over 1 million euros, who were subjected to Hollande’s 75 percent supertax, packed their bags, causing a mass exodus to the U.K., Belgium and other countries whose taxes were less crushing.

Most notably, France’s supertax damaged the country’s overall economy by shrinking its tax base, not widening it.
Forbes reported, “As a result of a reduced labor supply and discouraged investment in France following the 75 percent top marginal income tax rate announced in September 2012, French revenues for 2013 came in at only 16 billion euros, a 14 billion euro shortfall below the French government’s expected 30 billion in tax collections.”
That compelled the French government to scrap its supertax plan altogether in 2015 — something Alexandria Ocasio-Cortez ought to consider before pushing her ill-conceived 70 percent marginal income tax.
History has a funny way of repeating itself.

Adriana Cohen is a syndicated columnist with the Boston Herald. Follow her on Twitter @AdrianaCohen16. To find out more about Adriana Cohen and read her past columns, please visit the Creators Syndicate webpage at www.creators.com.

COPYRIGHT 2019 CREATORS.COM

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Big govt, Economy & Investments, Politics

White House Releases US-Mexico NAFTA Draft

The White House is moving ahead with its overhaul of the North American Free Trade Agreement regardless of being unable to reach a deal with Canada for now. A draft of the deal inked thus far between the Trump Administration and Mexico has been submitted to Congress ahead of the Oct. 1 deadline for submission under the “Trade Promotion Authority law.” This comes despite Canada’s best efforts to slow-walk the agreement. According to President Trump, the talks with our northern neighbor have completely broken down. “We’re not getting along at all with their negotiators,” he said. Which means simply that they may get left out in the cold this winter.

Here’s more from Washington Examiner…

The White House will give Congress the full text of its bilateral trade agreement with Mexico on Friday evening, the first step toward getting Congress to approve it.

The deal will be submitted even though the administration has so far been unable to get Canada to reach a new trade deal of its own. Canada’s absence will likely make obtaining congressional approval harder, due to lawmakers’ fears that it could disrupt the North American Free Trade Agreement.

The Trump administration is under pressure to get the deal approved quickly. Oct. 1 is the deadline for submitting the text under the terms of the Trade Promotion Authority law, which is why the White House is about to submit it, according to several press reports.

Any later and the deal would have to be renegotiated with Mexico’s incoming president, Andres Manuel Lopez Obrador, a leftist.

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Economy & Investments, Politics

Trump’s Economy a Win for Blue-Collar America

Blue-collar workers are winning across America even in the manufacturing industries, which are seeing a renaissance after being run into the ground under the Obama administration. According to The Washington Post: “Blue-collar jobs are growing at their fastest rate in more than 30 years, helping fuel a hiring boom in many small towns and rural areas that are strong supporters of President Trump ahead of November’s mid-term elections.” The message to DC is that incentivizing private industry is a win-win-win scenarios both companies, employees and for federal tax revenues. It’s economics 101 at work.

Here’s more from Breitbart…

President Donald Trump has shifted the economy so that once-disregarded blue-collar manufacturing workers are now recovering jobs faster than coastal service-sector employees, the Washington Post acknowledged Sunday.
“Blue-collar jobs are growing at their fastest rate in more than 30 years, helping fuel a hiring boom in many small towns and rural areas that are strong supporters of President Trump ahead of November’s mid-term elections,” said the Post, under the headline “Under Trump, the jobs boom has finally reached blue-collar workers. Will it last?”

According to the Post:

Rural employment grew at an annualized rate of 5.1 percent in the first quarter. Smaller metro areas grew 5.0 percent. That’s significantly larger than the 4.1 percent growth seen in large urban areas that recovered earlier from the Great Recession, according to an analysis by the Brookings Institution’s Metropolitan Policy Program of a separate set of Labor Department data released on Wednesday.

In the past year, the economy has added 656,000 blue-collar jobs, compared to 1.7 million added in the services sector.

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Economy & Investments, Politics

Bernie Sanders and Amazon Fight It Out

Amazon isn’t keen on Sen. Bernie Sanders’ call for its employees to submit videos of poor working conditions as part of a pressure campaign against the Internet mega-retailer. Socialists want to levy taxes against Amazon at a rate of 100 percent. “Amazon founder Jeff Bezos’ wealth increases by $275 million every single day,” Sanders wrote along with a video in his effort to drum up popular support for his tax plan. Amazon is disputing Bernie’s betrayal of its business practices, saying that in the United States “the average hourly wage for a full-time associate in our fulfillment centers, including cash, stock, and incentive bonuses, is over $15/hour before overtime.”

Here’s more from PJ Media…

WASHINGTON — Amazon hit back at Sen. Bernie Sanders’ (I-Vt.) call for employees of the retail giant to submit stories of poor working conditions, charging in a company blog post that the senator “continues to make inaccurate and misleading accusations against Amazon.”

In May, Sanders posted a video online highlighting the company’s wealth in juxtaposition to workers’ salaries, including news clips that detailed CEO Jeff Bezos hauling in within the span of 10 seconds what the average Amazon employee makes in a year as well as the company spending $13 million on lobbying last year.

“Amazon founder Jeff Bezos’ wealth increases by $275 million every single day,” Sanders wrote along with the video. “Meanwhile, Amazon workers have to rely on food stamps and public assistance just to survive.”

Last week, Sanders sent out an email to supporters asking them to sign a petition that declares in part, “I don’t believe that ordinary Americans should be subsidizing the wealthiest person in the world because you pay your employees inadequate wages.”

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