Black Lives Matter Group Sues Massive Liberal Foundation Claiming ‘Egregious Mismanagement’ of $33 Million in Funds

BLM

A liberal foundation controlling roughly $1 billion in assets faces accusations of “egregious mismanagement” of funds from the largest Black Lives Matter group in the country.

Black Lives Matter Global Network Foundation (BLM GNF) filed a lawsuit on Monday accusing the Tides Foundation of mishandling funds donated to a “Black Lives Matter Support Fund” administered by Tides, arguing the funds belong to them. Tides, however, contests this by claiming that donations to the fund were actually intended for smaller BLM organizations.

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Moms Inadvertently Expose Daughters to Predators on Instagram in Quest for Money and Fame, Investigation Reveals

Instagram User

Mothers are inadvertently exposing their young daughters to male predators on Instagram in a quest to garner money and fame, an investigation published by The New York Times on Thursday found.

The accounts, numbering in the thousands, reveal how social media platforms are altering the definition of childhood and the increasing commodification of young girls, the NYT found. In some cases, mothers managing the accounts actively sell photographs, previously worn outfits and chat sessions with their underage daughters.

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Commentary: Outlaw Public Sector Unions

Money doesn’t guarantee victory in political campaigns. For proof, look no further than Meg Whitman, the California billionaire who in 2010 squandered $179 million in her futile campaign to beat Jerry Brown and become that state’s next governor.

When money is married to institutional power, however, it makes all the difference. This is why, 10 years after the Whitman debacle, Mark Zuckerberg was able to purchase the presidential election outcome in 2020 for $419 million. Whitman’s money paid consultants and bought ads on television. Zuckerberg’s money went to supplement the activities of election offices in swing states – election offices that employed workers represented by unions that overwhelmingly favor Democrats over Republicans.

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28 States Didn’t Have Enough Money to Cover Their Bills in Fiscal 2022: Report

In fiscal 2022, 28 states didn’t have enough revenue to pay all of their bills, according to the 14th annual Financial State of the States report, published by the Chicago-based nonprofit Truth in Accounting.

The report provides a comprehensive analysis of the fiscal health of all 50 states based on the latest available data from states’ fiscal year 2022 annual comprehensive financial reports.

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Commentary: Congress Is Central in the Authorization to Impose a Central Bank Digital Currency

In God We Trust

“[W]e would not proceed with this without support from Congress, and I think that would ideally come in the form of an authorizing law, rather than us trying to interpret our law to enable this.”

That was Federal Reserve Chairman Jerome Powell in March 2021, noting the fact that when it comes a central bank digital currency – a more distinct possibility after several bank failures have swept across the global financial system – that Congress simply has not authorized such an undertaking.

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Politics and Money Dominate Wisconsin’s State of Education Speech

The ceremony for Wisconsin’s State of Education speech began with a “land acknowledgement,” and it didn’t get any less political from there.

“We acknowledge that this Capitol and our DPI building stand on the ancestral lands of the Ho-Chunk Nation. And that this land was forcibly and violently taken from them almost 200 years ago,” Department of Public Instruction Equity and Inclusion director Demetri Beekman said to open his speech Thursday. “Centuries of racism, colonization, and oppression caused by federal and state leaders, institutions, and policies continue to impact our tribal nations.”

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Ohio Commits More Federal COVID-19 Money to Law Enforcement

Ohio plans to use more federal COVID-19 money to help local law enforcement agencies reduce violent crime, Gov. Mike DeWine announced.

The state plans to add $50 million from American Recovery Plan Act funds to the Ohio Violent Crime Reduction Grant Program, which began this year with $8 million in the state budget.

“One of the most important things that we can do to support our law enforcement officers is to give them the tools they need to keep themselves and the public safe,” DeWine said. “By significantly increasing the amount of funding available, we can help more law enforcement agencies better combat crime and protect their communities.”

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Measure to Allow Gambling in Georgia Advances

interior of a casino with slot machines

Georgia voters soon could decide whether to allow sports wagering and casino gambling.

The House Economic Development and Tourism Committee signed off this week on versions of Senate Resolution 135 and Senate Bill 142. If approved, voters could decide on the measures as soon as November.

Legalizing sports wagering and casino gambling in The Peach State has been an on-again-off-again proposition for years. The passage of the most-recent legislation could face long odds as the state Legislature is in its final days.

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Commentary: Stimulus Checks Are the Latest Immigration Scam

A great plague of our contemporary political landscape is that one bad policy begets even more bad policies. Such is the case with many of America’s existing immigration laws.

Federal law, for example, calls for specific enforcement protocols. But our elected representatives have decided that some of those protocols simply should be ignored. This mindset led to ideas like catching and then releasing illegal aliens into our communities, preventing local law enforcement from working with federal law enforcement, and “sanctuary” cities where those who have broken our laws can hide from accountability.

From this witches’ brew of bad ideas has come the latest product rollout, one suited for our time: stimulus checks for illegal aliens. Using the economic damage caused by COVID-19 as a pretext, anti-borders activists and their allied politicians have found a way to sustain those here illegally while creating further incentives for even more foreign nationals to move here.

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Commentary: The IRS Can’t Get the Basics Right, So Don’t Add to Its Authority

All taxpayers are dealing with a disastrous filing season this year, with the IRS backed up on processing millions of returns and refunds from last year and communication from the agency nonexistent at best. But some taxpayers will have an added headache in the future as a result of an unnecessary new paperwork requirement that went into effect this year. Fortunately, however, legislation introduced by Sen. Bill Hagerty (R-TN) would address this issue by removing the burdensome new requirement.

Ever since IRS Commissioner Chuck Rettig claimed last year that the “tax gap,” or the gap between what the IRS collects and what it believes it is owed, could be as large as $1 trillion, politicians and legislators have been scrambling to propose ways to collect all that missing revenue. That’s despite the fact that more sober analyses show that the $1 trillion figure is probably wildly exaggerated, that it is functionally impossible to wholly prevent tax evasion, and that a far greater concern is the IRS’s inability to handle its taxpayer service responsibilities.

But as far as proposals to collect all this supposed “extra revenue” go, most of the focus has rightly been on schemes to drastically increase the IRS’s enforcement budget and allow the IRS to snoop on taxpayers’ financial accounts. But another more targeted change has already gone into effect, and is already causing problems.

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Whitmer to Pitch Additional $500M in ‘Economic Development’ Spending

Gov. Whitmer

Gov. Gretchen Whitmer is expected to pitch spending $500 million of additional federal taxpayer money on private companies that produce electric vehicles (EV). The governor will discuss her proposal on Wednesday at 11 a.m.

However, it’s unclear if general economic development is an approved use of federal COVID dollars under U.S. Treasury guidelines.

The Detroit News first reported the story.

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Securities and Exchange Commission to Crack Down on Private Companies, Heighten Disclosure Requirements

Securities and Exchange Commission building

The Securities and Exchange Commission (SEC) plans to crack down on private companies, forcing them to disclose financial and operation statements more frequently, The Wall Street Journal reported.

Regulators have grown more concerned over the lack of oversight regarding private fundraising for companies, the WSJ reported. The private investment market has become a popular way for companies to raise money without undergoing the regulatory scrutiny required for public trading.

“When they’re big firms, they can have a huge impact on thousands of people’s lives with absolutely no visibility for investors, employees and their unions, regulators, or the public,” SEC Commissioner Allison Lee told the WSJ. “I’m not interested in forcing medium- and small-sized companies into the reporting regime.”

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Democrat-Led House Planning to Vote on Biden’s $2 Trillion Social Spending Bill by Friday: Hoyer

Steny Hoyer

House Majority Leader Steny Hoyer told reporters on Tuesday that House leadership plans to hold a vote on final passage of President Biden’s $2 trillion Build Back Better Act by Friday at the latest.

Biden’s social spending bill contains new federal benefit programs and about $550 billion for climate change initiatives.

“I expect to consider most of the debate, perhaps not all, but most of the debate on Build Back Better on Tuesday, excuse me, on Wednesday, today’s Tuesday, on Wednesday, tomorrow,” Hoyer said during a news conference.

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State Department Partners with Refugee Coalition Groups Supporting Organizations with Alleged Terror Ties

Stephen Heintz and George Soros

The U.S. State Department joined an initiative to welcome Afghan refugees into the country that is sponsored by organizations supporting groups with possible ties to Palestinian terrorist organizations, a Daily Caller News Foundation review found.

Welcome.US is part of the Office of American Possibilities initiative, a project of Rockefeller Philanthropy Advisors, according to its website. The initiative’s main co-chairs include former President Barack Obama, former First Lady Michelle Obama, former President George W. Bush, former First Lady Laura Bush, former President Bill Clinton and former Secretary of State Hillary Clinton.

The initiative also formed a coalition composed of nonprofit leaders and organizations, former government officials, corporate leaders and public figures. Businesses, including Starbucks, Uber, Facebook, Microsoft, Walmart and Airbnb, also support the effort.

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‘Hard to Know Where Pandemic Relief Money Went,’ Admits Federal Spending Watchdog

Woman in mask in the dark looking at computer screen

This week’s Golden Horseshoe goes to a broad sweep of federal agencies for a systemic lack of transparency that is hampering efforts to monitor many billions of dollars in COVID-19 relief spending, according to a report by the Pandemic Response Accountability Committee.

The PRAC was established in 2020 by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to “promote transparency and conduct and support oversight” of more than $5 trillion in pandemic relief funds.

In a report released Wednesday, the watchdog details its difficulty in determining how funds are being spent due to federal agencies’ poor reporting on the government spending website, USAspending.gov.

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Harvard’s Endowment Ballooned by $11 Billion As It Fought off Student Class-Action Lawsuit over Tuition Costs

Outside of Harvard Law School

Harvard University announced Thursday that its endowment grew by $11.3 billion to a record $53.2 billion during the fiscal year ending in June, a year-over-year increase of 33.6%.

The announcement comes after Harvard, which runs the nation’s largest private university endowment, defeated a lawsuit from students who took umbrage with the school’s decision to not offer partial tuition refunds when it moved to online-only classes during the early stages of the COVID-19 pandemic.

“Fiscal year 2021 was an extraordinary year. Public and private markets both continued their strong performance, which allowed the endowment to not only increase its distribution to the University, but also continue to grow during this critical time when pandemic-related financial pressures challenge all of higher education,” Harvard Management Company Chief Executive N.P. Narvekar said in a report Thursday.

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Some Credit Unions Already Losing Accounts over Democrats’ Plan to Expand IRS Tracking

Outside of IRS building

Organizations representing community banks and credit unions are blasting the Democrats’ commitment to expanding IRS reporting requirements, calling the proposal a government overreach that would require financial institutions to spend more money on compliance costs at the expense of products and services for their members.

According to the National Association of Federally-Insured Credit Unions, customers at some credit unions have already decided to close their accounts over “government intrusion” concerns fueled by the prospect of such new rules taking effect.

The Democrats’ proposal would require financial institutions to report account activity above $600 to the IRS.

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Retail Sales Beat Expectations Amid Surging Inflation

Woman shopping in a department store

U.S. retail sales increased in September, beating expectations amid growing inflation and supply chain disruptions, the U.S. Census Bureau reported Friday.

Retail sales increased 0.7% in September, beating experts’ estimates of 0.2%, according to the Census Bureau report.  The number rose 0.8%, excluding auto sales, beating the 0.5% forecast.

Sales were up 13.9% compared to September 2020, and they increased 15.6% compared to September 2020, excluding auto sales, according to the Census Bureau.

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Commentary: The Senate Must Defeat Communist Saule Omarova for Comptroller of the Currency

Saule Omarova

 
Every so often we receive a comment to the effect that we are paranoid and should stop seeing a Communist under every bed, however, it appears that based on the views expressed by Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency, our concerns about the takeover of the Democratic Party by Socialists and Communists have received some very solid confirmation.

Indeed, Omarova is so far out in Communism’s Left Field that Janet Yellen, Biden’s Treasury secretary (a garden variety liberal Democrat) raised concerns about her taking the post.

And Secretary Yellin’s concerns are amply justified.
In 2019, Omarova posted to Twitter in support of the “old USSR” where there was “no gender pay gap.” She attempted to do damage control after being criticized for it, but failed to fully condemn the Soviet Union.

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Republican Lawmakers Say China’s Cryptocurrency Crackdown Is an Opportunity for America

Person holding phone with cryptocurrency info on screen

Republican lawmakers say China’s recent crackdown on financial technologies could offer an opportunity for the U.S. to press its advantage in innovation.

China’s central bank issued a statement Friday morning declaring all cryptocurrency transactions and services illegal, banning coin mining operations and vowing to crack down on its citizens’ use of foreign crypto exchanges.

Several Republicans say China’s loss could be the United States’ gain.

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Dow Plummets More Than 500 Points at Monday Open, Following Three Straight Weeks of Losses

U.S. stocks shed more than 500 points as the markets opened Monday morning as emerging risks continue to become the September story for Wall Street.

The Dow Jones Industrial average fell 570 points – its biggest single day drop since mid-July. The S&P 500 lost 1.4%, while the tech-oriented Nasdaq Composite dropped 1.6%.

The sell-off comes as a the result of a number of investor concerns. On Tuesday, the Federal Reserve will begin a two-day meeting, which investors are worried will result in a decision that will pull stimulus funds as inflation continues to surge.

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Federal Reserve Could Soon Lose Control of Inflation Like in 1960s, Economic Historian Says

Prominent economic historian Niall Ferguson said current inflation could be in line with where it was in the 1960s during the period that preceded a decade of high consumer prices, CNBC reported.

“What is interesting about disasters is that one can lead to another,” Ferguson said in a Friday interview with CNBC. “You can go from a public health disaster to a fiscal, monetary and potentially inflationary disaster.”

During the 1960s, inflation stayed low before shooting up in the 1970s, according to government economic data. Consumer prices ultimately peaked in 1980 before rapidly declining.

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Many Pandemic Unemployed in Arizona Can Re-File for a Tax Rebate

Arizona taxpayers who received unemployment benefits in 2020 and filed their state tax return before the American Rescue Plan Act (ARP) was enacted on March 11 can receive a new income tax refund.

That’s according to a Thursday announcement from the Arizona Department of Revenue. 

Congress passed the ARP to give communities money to address public health and economic recovery issues which resulted from the COVID-19 pandemic. 

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Watchdogs Sound Alarm as Ilhan Omar Continues to Evade Financial Disclosure of Reportedly Lucrative Book Deal

Ilhan Omar

Multiple watchdog groups said Minnesota Rep. Ilhan Omar may have violated federal law for failing to mention any income received from her critically-acclaimed 2020 memoir in her latest financial disclosure report filed on Friday.

Omar reportedly signed a deal worth up to $250,000 for her memoir, “This Is What America Looks Like,” in January 2019, around the same time she was sworn into Congress. Omar’s communications director said the House Ethics committee approved the book deal, but the Democratic lawmaker’s financial disclosures covering the calendar years 2018 and 2019 contain no mention of the book or any advance income received upon signing a deal.

The book was published in May 2020 to rave reviews by the press and Omar’s Democratic colleagues. The Atlantic dubbed it one of the best political books of the year, and numerous high profile Democrats, including House Speaker Nancy Pelosi, Rep. Alexandria Ocasio-Cortez of New York and Rep. Ayanna Pressley of Massachusetts, praised on the book.

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Study: Democrats’ Capital Gains Tax Hike Could Cost More Than 745,000 Jobs

Chris Van Hollen

A new Democratic proposal to increase the capital gains tax could cost 745,000 jobs, a study published by the Regional Economic Models Inc. (REMI) projects.

The Sensible Taxation and Equity Promotion (STEP) Act, which would tax unrealized capital gains when heirs inherit assets, among other things, would have a “significantly negative impact” on the economy, including average job losses of 745,000 over 10 years, the report found.

The analysis, conducted for the Committee to Unleash Prosperity, found that sustained annual job losses from eliminating a tax benefit on appreciated assets known as the step-up in basis could eliminate between 537,000 to 949,000 jobs, with models predicting a base of 745,000 lost jobs through 2030.

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PayPal Teams Up with Far-Left Anti-Defamation League to Target Right-Wing Users

PayPal outside shot of logo

On Monday, the Anti-Defamation League (ADL), a far-left hate group, announced a new initiative in conjunction with the online payment processor PayPal, aimed at targeting so-called “extremist and hate movements” on the platform, the Daily Caller reports.

The partnership is led by the ADL’s “Center on Extremism,” and will involve the ADL studying the use of PayPal’s services by alleged “extremists,” and sharing their findings with politicians and law enforcement, for the purpose of disrupting “the financial pipelines that support extremist and hate movements.” PayPal’s Chief Risk Officer Aaron Karczmer released a statement celebrating the new program as having the potential to make “an even greater impact than any of us could do on our own.”

PayPal has frequently and exclusively targeted conservatives in recent years, while ignoring actual extremism from the Left. Following the peaceful protests at the United States Capitol on January 6th, PayPal suspended its services for several organizations and individuals that paid for travel expenses for people attending the march, which was in protest of the widespread voter fraud that took place in the 2020 election. PayPal also banned the anti-terrorism website Jihad Watch in August of 2017, after Antifa and Black Lives Matter rioters attacked a peaceful right-wing protest in Charlottesville, Virginia, leading to the death of one left-wing protester.

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Bezos Offers to Waive $2 Billion in Fees to Secure Lunar Landing Contract

Jeff Bezos

Former Amazon CEO Jeff Bezos offered to waive $2 billion in payments to secure his spaceflight company Blue Origin a NASA contract.

Bezos asked NASA Administrator Bill Nelson in an open letter Monday to award Blue Origin a contract to construct a Human Landing System (HLS), a lunar-landing vehicle, as part of the Artemis program, offering to waive up to $2 billion in fees. Elon Musk’s space company SpaceX had been awarded the $2.9 billion contract in April, beating out Blue Origin’s bid, The Wall Street Journal reported.

The Artemis program is intended to return human astronauts to the Moon, with a manned mission to Mars planned as well. Though the program was initially planned as a joint contract, it was awarded solely to SpaceX due to budgetary constraints which Bezos’ offer sought to alleviate, according to the letter.

“Blue Origin will bridge the HLS budgetary funding shortfall by waiving all payments in the current and next two government fiscal years up to $2 billion to get the program back on track right now,” Bezos wrote in the letter.

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More Than $300M Available to Ohio Small Businesses

Mike DeWine OH Small Businesses

Government money that established grants for small businesses in Ohio has doubled since June and remains available, according to Ohio Gov. Mike DeWine.

DeWine initially established the grant program in June with $155 million in federal relief dollars. The fund doubled to $310 million at the beginning of July after DeWine signed the state’s new budget, which included the additional money approved by the General Assembly.

The money is meant to help small- and medium-sized businesses recover from the COVID-19 pandemic.

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Attorney General Believes Ohio’s Vaccination Raffle is Legal as Lawmakers Question Use of Taxpayer Money

Ohio Attorney General Dave Yost

Ohio Gov. Mike DeWine’s plan to encourage more people to get the COVID-19 vaccine by offering millions of taxpayer dollars and college scholarships through a raffle program appears to be legal, Ohio Attorney General Dave Yost said.

Yost tweeted the opinion, but he stopped short of saying he believed DeWine’s plan was a was a good idea.

“About the $1M [vaccination] lottery: I heard about it yesterday. It doesn’t appear to violate state law, though it depends on how it’s designed,” Yost’s tweet read. “Just because a thing may be legally done does not mean it should be. The wisdom of it is a question for the Governor and the General Assembly.”

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Minnesota Republicans to Pitch Plan to Spend Federal Stimulus Money on Hard-Hit Industries, Unemployment Fund, and Infrastructure

Senate Majority Leader Paul Gazelka and Sen. Zach Duckworth

Senate Majority Leader Paul Gazelka, R-East Gull Lake, and Sen. Zach Duckworth, R-Lakeville, on Friday announced a package aiming to spend billions of federal dollars on hard-hit industries, filling the unemployment fund, and infrastructure plans.

“These one-time funds provide us with the chance to set Minnesotans on a path for long-lasting growth. By targeting our spending for maximum impact, we are setting Minnesotans up to rebuild their community connections, invest in their families, and help our businesses recover and grow.” Duckworth said in a statement. “Most importantly, these investments are being made without increasing taxes on Minnesotans who have already sacrificed so much in the last year.”

The bill language, expected to be released next week, seeks to direct $2.5 billion of the American Rescue Plan to Minnesotans hardest hit by the pandemic and promote economic growth, according to a press release.

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Forgotten Founder Pelatiah Webster: America’s First Economist

by Lawrence Reed   Everybody knows who America’s first president was, but can you identify the country’s first economist? If any man or woman deserves that description, it is surely the one who wrote this and so much more: I propose . . . to take off every restraint and limitation from our commerce. Let trade be as free as air. Let every man make the most of his goods in his own way and then he will be satisfied. His name was Pelatiah Webster. Largely forgotten today, he was regarded as “the American Adam Smith” after his death in 1795 at the age of 68. His wisdom, especially on trade and money matters, deserves a renewed appreciation today. Webster was born in Lebanon, Connecticut, in 1726. Twenty years later, he graduated from Yale and became a minister in Massachusetts. By 1755, however, the lure of entrepreneurial opportunities took him to the business world of Pennsylvania. He was an almost instant success as a merchant, amassing a small fortune in the process. His reputation as an authority on matters of trade, finance, and currency was unmatched by anyone in the 13 colonies on the eve of the American Revolution. The…

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Trump Signs Law Making It Harder for IRS to Seize Money From Americans

by Fred Lucas   The Internal Revenue Service seized $446,000 from the bank accounts of brothers Jeffrey, Richard, and Mitch Hirsch in 2012, claiming a “structuring” violation against the owners of Bi-County Distributors Inc. for making multiple bank deposits of less than $10,000. The government never charged them with a crime, nor gave them a hearing to enable them to contest the seizure, but after intense national media attention to the case, the government returned the funds. The case was among many that highlighted an abuse by IRS agents known as legal source structuring that allowed the tax collection agency to use a law, the Bank Secrecy Act, intended to combat money laundering, to seize assets. President Donald Trump signed a bipartisan bill Monday to force greater accountability on the IRS in the property seizures, as well as protect taxpayers from identity theft, boost whistleblower protections, and modernize the tax agency. “We just finished signing, the important signing, of the Taxpayer First bill, the IRS Taxpayer First, which is a tremendous thing for our citizens having to deal with the IRS,” Trump told reporters after the signing. “It streamlines and so many other changes are made. That was just done…

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Fed Board Run by Obama Holdovers is Hemorrhaging Taxpayer Money on Legal Fees

by Tim Pearce   A federal board tasked with investigating chemical accidents is “hemorrhaging” taxpayer money on a years-long personnel case that has not yet gone to trial, according to Public Employees for Environmental Responsibility (PEER). PEER attorneys are representing Daniel Horowitz, former managing director of the U.S. Chemical Safety and Hazard Investigation Board (CSB), in a legal challenge against the agency for firing Horowitz. Members of the CSB are scheduled to attend a closed-door meeting Tuesday to discuss a “legal services support contract” worth $300,000. The new contract would be with the law firm Shaw, Bransford & Roth and be worth nearly double a 2015 retainer with the law firm worth $157,000, according to PEER. “This law firm has found a cash cow in this tiny troubled agency,” PEER Executive Director Jeff Ruch said in a statement. “For an agency charged with responding to chemical disasters to divert its limited resources for legal expenses in a needless personnel dispute shows how badly misplaced its current priorities are.” Former CSB Chair Vanessa Sutherland placed Horowitz on paid administrative leave in June 2015. Horowitz continued to receive his full salary of $161,000 a year while his case remained in limbo for three…

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Promise Kept: Trump Signs Law That Ends Gag Orders Against Pharmacists Sharing Money-Saving Information

by Evie Fordham   President Donald Trump signed a law that ends insurance companies’ pharmacist gag clauses in an effort to lower drug prices Wednesday. “If there’s anything bipartisan it’s lowering drug prices,” Trump said while signing the Patients’ Right To Know Drug Prices Act according to CBS News. Currently, insurers and pharmacy benefit managers use the gag clauses to “forbid pharmacists from proactively telling consumers if their prescription would cost less if they paid for it out-of-pocket rather than using their insurance plan,” according to a press release from Maine Republican Sen. Susan Collins, the bill’s sponsor. Trump also signed Democratic Michigan Sen. Debbie Stabenow’s Know the Lowest Price Act, which “prohibits Medicare drug plans from putting a gag clause on a pharmacy in their contracts,” according to CNN. The Patients’ Right To Know Drug Prices Act would lead to “a slight decrease in federal revenues,” according to the Congressional Budget Office. That decrease could be offset by another provision in the bill, reported Politico. Collins’s bill also targets “pay-for-delay,” a tactic where a brand drug company pays a generic manufacturer to withhold a product that would compete with the brand drug for market share. Closing this loophole could save consumers and taxpayers money, according…

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Commentary: The Ticking Fiscal Time Bomb Set in 1937 Could Tip America Into Despotism by 2030

US Flag

by Robert Osburn   Celebrated this past July 4, America’s founding story of freedom is truly remarkable: unity, courage, integrity, and national integration (incorporating people from around the world). In most other places, the freedom story is bloody, exclusive, and, ultimately, tyrannical. Take Nicaragua, for one example: In 1979, the Sandinistas overthrew dictator Anastasio Somoza.  Nearly four decades later, hundreds are dying because the very people who led the Sandinista revolution (Daniel Ortega and friends, now in power) are behaving exactly like Somoza.  It’s déjà vu all over again for our Central American neighbors. In an age when democracy is clearly retreating, will America eventually succumb to autocracy while waving sayonara to democracy?    It’s a question that National Review’s JonahGoldberg once very handily dismissed. He now admits that American totalitarianism is a real possibility. Utilizing a scenario-building skill that I learned during my doctoral studies, let me offer what I consider a very plausible scenario that takes America down the rathole of tyranny: Sometime between 2028 and 2034, America’s president will use executive or emergency powers to solve the nation’s Social Security trust fund crisis. As Americans celebrate that presidential act of courage, we will begin the long road to tyranny because we cannot rule ourselves.  Does this remind anyone of the books of Judges and I Samuel when, because everyone did what was right…

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Commentary: The War on Cash is Against Tennesseans and Local Free Markets

Tennessee Star

  By David Tulis / Noogaradio 1240 AM 92.7 FM The war on cash is a war not against criminals, terrorists, and the underground economy alone. It is a war against local economy and the free market in Tennessee – against private and personal commerce. So take it personally. People in local economy should feel free to circulate cash, because cash lets us distribute once again portraits of some of our finest statesmen. These notables of American history include Benjamin Franklin on the $100 bill and George Washington on the $1 bill. Such is my argument the first Friday of every month, Cash Friday, in which I tell people listening to a radio program to go to their bank or credit union and draw out a $100 bill for handy use in buying and selling. Why would you at the Wal-Mart offer to pay by credit card a $1.75 purchase for a plastic bottle containing a sugary drink? Would it not be better to pass along a very fine engraving of Mr. Washington, one of them, and three quarters (plus the tax in other coin)? It would give you an occasion to say something kind about the one who led the…

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