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Money & The Economy

News on Finance, Money, markets and the economy

The Flat Tax fantasy

In the wake of the recent IRS scandal, some well-intentioned but badly misguided people have begun touting the flat income tax (called the flat tax for shorthand) as a replacement for the current tax code. They claim it would be an antidote to the IRS’s abuses and curb that agency’s powers while also supercharging America’s economy. But they are dead ...

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Shock! IMF cuts global economic forecast.. for third time this year

Tuesday, the IMF updated it’s World Economic Outlook downgrading three-out-of-four of the world’s most powerful economies. While the Eurozone was given an outlook putting them more into reverse, the U.S. and China are now expected to grow even more slowly than the previous projections. Only Japan was given an improved outlook. News reports have spun the three consecutive downgrades as ...

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Rebuttal of the WSJ’s garbage pro-disarmament screed

On June 19th, after Barack Obama’s infamous Berlin speech, the Wall Street Journal published an utterly ridiculous, irredeemably biased, and misleading article propagandizing in favor of Obama’s proposals to further cut America’s nuclear deterrent. The screed, written by extreme leftists Adam Entous and Julian Barnes, proves how far the WSJ has moved by now, and proves that the WSJ is ...

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Rebuttal of Kingston Reif’s and Greg Thielmann’s newest lies – about missile defense

Kingston Reif – a pacifist propagandist working for the extremely-leftist “Council for a Livable World” – has shown his utter ignorance, as well as his extremely leftist beliefs and desires to disarm the US unilaterally, on quite a few occassions, and in December, I even took the time to completely refute his utter garbage calling for scrapping the nuclear triad. ...

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How to counter Chinese hacking and theft of US weapon designs

  Gen. Chang Wanquan, the current Chinese Minister of National Defense. Photo by the Central Military Commission of the PRC. On Tuesday, May 28th, the Washington Post and the Washington Free Beacon reported, and the DOD confirmed, that designs and performance parameters (and other classified information) for dozens of US weapon systems had been stolen in recent weeks by Chinese ...

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Defense Issues Weekly: Arms Control Association nothing more than a leftist propaganda group

Russia continues building up its nuke arsenal Russia continues to steadily build up and modernize its strategic and tactical nuclear arsenal, in line with the stated wishes of Russian leaders and Moscow’s current nuclear doctrine. That doctrine prioritizes nuclear weapons above all others in Russia’s arsenal, makes them the basis of Russia’s security and superpower status, treats the US and ...

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Large American Pork Producer Sold to Chinese

Virginia-based pork producer Smithfield Foods (SFD.N) entered an agreement with China’s Shuanghui International for a $4.7 billion, all-cash buyout. Smithfield has been under pressure from it’s largest shareholder, Continental Grains, to break into multiple companies and increase its dividend. The meat producer opted to sell out to foreign interests. The deal will likely lead to an increased flow of American-grown ...

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Defense Issues Weekly – May 28th

NOTE: From this edition forward, Defense Issues Weekly will appear on weekdays. This week, it will appear on Tuesday, and afterwards, it will appear on Mondays. US on course to gut its military… With sequestration in effect and no prospect of it being cancelled, the DOD will have to cut an additional $550 bn from its budget over the next ...

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HumanEvents is now officially a leftist, anti-defense magazine

  A Reagan picture produced by the Heritage Foundation. Over the last few years, HumanEvents has repeatedly published garbage anti-defense screeds by professional blowhards, but usually it’s been just Pat Buchanan and, occassionally, Byron York – two well-known blowhards. Now, however, HumanEvents is officially a leftist, anti-defense magazine, having just published its newest anti-defense screed, written by Steven Greenhut. In ...

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Most Americans OPPOSE defense spending cuts

Another leftist myth has been debunked and shown to be a farce: the myth that a majority of Americans support deep defense spending cuts. You may remember, folks, that last year, the University of Maryland and the extremely leftist “Center for Public Integrity” commissioned a rigged poll which claimed that 66% of Americans supported cutting defense spending to the tune ...

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Internet Taxation

Today 21 Republican Senators vote to tax Americans even more, while five Democrats voted against higher taxes. Shame on those republicans, and applause for those five Democrats. Those Republicans that are worthy of scorn are listed below. When they begin bragging about how wonderful they are and attempt to distract you with lies, don’t buy into their deceit. They will ...

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It’s Always Christmas If You’re a Politician

What is it about an elected official that compels rich people to want to give him gifts? Do they look needy? Hungry? Depressed? Is there a secret gift registry of which I’m unaware? Could it be a mentoring program where plutocrats adopt a middle–class governor or attorney general and show them how capitalism has paid off? Sort of a rescue ...

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GDP Growth Increasing 3% In July – Not Because Of Obama Policy Change

What is this thing called Gross Domestic Product (GDP)? It is everything produced by all the people and all the companies in the US and in the world. Key upon the word “produced” in the preceding sentence. Until now, the word “produced” referred to the total market value of all final goods and services produced in a country in a ...

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JCPenney is back – JCP is out

Early last February, JCPenney rolled out its “Fair and Square Everyday Pricing Plan”. It didn’t take long for push back from consumers, analysts, and just about everyone with an opinion, either. The primary complaints weren’t limited to the new pricing program, because in addition to price tag changes, the department store started radically changing floor-plans and reduced product selection in ...

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Rebuttal of the 6 most popular myths about nuclear weapons

As it continues to campaign for deep cuts in America’s defenses, the Left has particularly aimed its arrows at the US nuclear deterrent, which protect America and over 30 of its allies against the most catastrophic threats: a nuclear, chemical, or biological attack; a large-scale conventional attack; and nuclear proliferation. It is the most effective nonproliferation program ever enacted. It ...

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