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« on: May 11, 2018, 06:09:34 PM » |
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________________________________________ The Patriot Post Digest 5-11-2018 From The Federalist Patriot Free Email Subscription ________________________________________
The Patriot Post® · Mid-Day Digest May 11, 2018 · https://patriotpost.us/digests/55913-mid-day-digest
IN TODAY’S EDITION
Record high tax revenue the result of a good GOP economy. Freed prisoners set the stage for the June 12 Trump-Kim summit. Motherhood is more than a full-time job, and boy are we thankful for moms! The more negative the Leftmedia gets, the better Trump’s approval rating. Plus our Daily Features: Top Headlines, Memes, Cartoons, Columnists and Short Cuts.
THE FOUNDATION
“If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds.” —Alexander Hamilton (1787)
IN BRIEF
Tax Revenue Hits Record High; Dems Hardest Hit1
Thomas Gallatin
“This is Armageddon,” Rep. Nancy Pelosi (D-CA) infamously insisted2 among her dire warnings against the Republican tax cut legislation. (She also dismissed tax relief as “crumbs3,” so figure that contradiction out.) Pelosi also predicted that it would be “very hard … to come back from this,” only serving to “take us further, more deeply into debt.” In fact, she said, the only way out would be to “raise taxes.” Well, as the months go by and the positive economic numbers4 continue to pour in, Pelosi and her fellow Democrats — not one of whom voted for the tax cuts — are being proved wrong and then some.
The Congressional Budget Office reports that in April the U.S. posted its largest monthly budget surplus on record. As Bloomberg reports5, “Receipts in April totaled $510 billion, about 12 percent more than the same period last year, while outlays increased by 8.4 percent to $296 billion, the Treasury Department said Thursday in its monthly budget statement. The monthly surplus was $214 billion, the highest in records dating to 1968.”
And why all this increase in government revenue after the tax cuts? Simple economics. While it’s true that much of the revenue was derived from people paying their 2017 tax bills, there are also simply more people working now, which means more tax revenue for the government. Combine President Donald Trump’s aggressive deregulation with the Republican tax cut and voila! — a booming economy.
However, the bad news is that despite all this record tax revenue, the federal government is still running an overall budget deficit of $385 billion6. As we have regularly noted, the government has a serious spending problem, to which the only real solution is actually cutting spending, not simply limiting the amount of annual budget increases and passing it off as a “cut.”
Back to Pelosi and the Democrats, they may want to rethink their plans to campaign against the GOP’s tax cut. Investor’s Business Daily notes7 that the latest IBD/TIPP Poll’s Quality of Life Index “reached a 14-year high in April. And since the tax cuts went into effect, the IBD/TIPP Economic Optimism Index has averaged 54.7 (anything above 50 is optimistic). That’s well above the 17-year average of 49.4. In President Obama’s last year in office, it averaged just 48.6.” With news like this, Democrats’ “blue wave” come November may prove to be little more than a ripple8.
https://patriotpost.us/articles/55908-tax-revenue-hits-record-high-dems-hardest-hit
Freed Prisoners Set Stage for Trump-Kim Summit9
In the wee hours of the morning Thursday, President Donald Trump and Vice President Mike Pence welcomed home three U.S. citizens — Kim Hak-song, Kim Dong-chul and Kim Sang-duk — who had just been freed from prison in North Korea. And Trump didn’t make a $1.7 billion ransom payment10 or trade five enemy fighters11 to secure this release either. No, the Barack Obama style of diplomacy is in the past, even if he did win the Nobel Peace Prize for accomplishing nothing.
Naturally, the scene was marked by Leftmedia efforts12 to cast this diplomatic victory in the most negative light possible. The Associated Press actually complained that Trump violated “a practice of trying to protect potentially traumatized victims from being thrust into the spotlight so soon after an ordeal.”
In any case, the release set the stage for the upcoming summit between Trump and North Korean dictator (and Chinese puppet13) Kim Jong-un. “The highly anticipated meeting between Kim Jong Un and myself will take place in Singapore on June 12th,” Trump announced after welcoming the prisoners home. “We will both try to make it a very special moment for World Peace!” He added, “I think we have a very good chance of doing something very meaningful. My proudest achievement will be … when we denuclearize that entire peninsula.”
Much of the world is expressing hope and wonder that Trump may be on the threshold of not only ending North Korea’s nuclear threat peacefully but also finally brokering an official end to the Korean War. But not everyone is pleased. Senate Minority Leader Chuck Schumer (D-NY) would only offer a pessimistic disclaimer, grousing on the Senate floor, “I worry that this president, in his eagerness to strike a deal and get the acclaim and a photo op, will strike a quick one and a bad one, not a strong one, not a lasting one.” In other words, he doesn’t want his political opponent to get a win even if it means ending a significant threat to world peace. Talk about partisanship.
South Korean President Moon Jae-in expressed a much more optimistic tone, stating, “We welcome the North Korea-U.S. summit. … We hope the denuclearization of the Korean peninsula as well as permanent peace on the peninsula will successfully come about through this summit.” There are high hopes indeed. We’ll soon see if Trump the dealmaker is truly as up to the task as it seems.
https://patriotpost.us/articles/55887-freed-prisoners-set-stage-for-trump-kim-summit
Top Headlines14
White House examining plan to help Iranian people oppose regime (The Washington Free Beacon15) Israel, Iran move closer to open war after exchanging missile barrages (The Washington Times16) China rapidly building advanced arms for use against U.S. (The Washington Free Beacon17) Five top ISIS commanders captured in U.S.-Iraq sting (The Straits Times18.) But the Australian model of gun control19 works! Seven dead in Australia’s worst mass shooting since 1996 (The New York Times20) Major gun manufacturers cut ties with Dick’s Sporting Goods (National Review21) DHS requesting 700 additional troops, helicopters for border security (ABC News22) Slew of Democrat presidential hopefuls introduce legislation to end state “right-to-work” laws (The Washington Free Beacon23) Blue states rally to upend Electoral College, with addition of Connecticut (Fox News24) Humor: CNN report: Evil Trump kidnaps three people from North Korean paradise (The Babylon Bee25) Policy: Paul Ryan explains how conservative policies can help fight poverty (The Daily Signal26) Policy: The impact of Chinese retaliatory tariffs (American Action Forum27) For more of today’s news, visit Patriot Headline Report28.
https://patriotpost.us/articles/55911-friday-top-headlines
FEATURED ANALYSIS Motherhood: More Than a Full-Time Job29
Michael Swartz
Often taken for granted by the children (and men) in their lives — at least until those children need something — mothers deserve our thanks more than just once a year. But with Mother’s Day upon us, we noticed various media outlets reminding30 us about a study by the Welch’s fruit juice conglomerate that came out last summer31. It shows just how hard moms work at pleasing the rest of us:
The study of 2,000 American mothers with children ages 5 to 12 aimed to discover the useful tools, resources and techniques moms use to keep their lives and their family’s lives afloat. Their most astounding finding: the average working mom clocks in a 98-hour work week, with her day typically starting at 6:23 a.m. She doesn’t end up finishing her work or family duties until 8:31 p.m., meaning she works 14 hours per day.
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