latter for the U.S. is around 10%. So, a tax cut of $10 leads to $9 of spending. If we then cut government spending by $10, we’re a dollar short of where we started!!! None of this even addresses two far more critical issues: a) the government’s deficit is, by definition, our surplus (look back at the landlord example above) and b) it is impossible for the U.S. to be forced to default on any debt in dollars. Impossible (for more on these issues, see: , , ). In summary, there are some admittedly limited positive elements of the tax plan. Most of it, however, will not accomplish what its framers hope. Indeed, they might exacerbate our current problems. My biggest fear, however, is that the mathematically-challenged individuals who call themselves fiscally responsible will get their way. In that event, we’d literally be better off if we did nothing at all. Trump to cut Bears Ears National Monument by 85 percent, Grand Staircase-Escalante by half, documents show By By November 30, 2017 Bears Ears National Monument, near Mexican Hat, Utah. (Katherine Frey/The Washington Post) President Trump plans to shrink Bears Ears National Monument by 85 percent and reduce Grand Staircase-Escalante National Monument nearly by half, according to obtained by The Washington Post that show the Utah sites would be cut even more than administration officials previously signaled. Individuals briefed on the matter, who spoke on the condition of anonymity ahead of a formal announcement, cautioned that some changes still could be made before Trump He is slated to do that Monday in Salt Lake City. Trump will announce the changes to monuments established by former presidents Barack Obama and Bill Clinton, respectively, at the Utah Capitol before a crowd of supporters. The move will represent the most significant reductions by any president to designations made under the 1906 Antiquities Act, which gives the president unilateral authority to protect imperiled sites on federal lands and in federal waters.
latter for the U.S. is around 10%. So, a tax cut of $10 leads to $9 of spending. If we then cut government spending by $10, we’re a dollar short of where we started!!! None of this even addresses two far more critical issues: a) the government’s deficit is, by definition, our surplus (look back at the landlord example above) and b) it is impossible for the U.S. to be forced to default on any debt in dollars. Impossible (for more on these issues, see: , , ). In summary, there are some admittedly limited positive elements of the tax plan. Most of it, however, will not accomplish what its framers hope. Indeed, they might exacerbate our current problems. My biggest fear, however, is that the mathematically-challenged individuals who call themselves fiscally responsible will get their way. In that event, we’d literally be better off if we did nothing at all. Trump to cut Bears Ears National Monument by 85 percent, Grand Staircase-Escalante by half, documents show By By November 30, 2017 Bears Ears National Monument, near Mexican Hat, Utah. (Katherine Frey/The Washington Post) President Trump plans to shrink Bears Ears National Monument by 85 percent and reduce Grand Staircase-Escalante National Monument nearly by half, according to obtained by The Washington Post that show the Utah sites would be cut even more than administration officials previously signaled. Individuals briefed on the matter, who spoke on the condition of anonymity ahead of a formal announcement, cautioned that some changes still could be made before Trump He is slated to do that Monday in Salt Lake City. Trump will announce the changes to monuments established by former presidents Barack Obama and Bill Clinton, respectively, at the Utah Capitol before a crowd of supporters. The move will represent the most significant reductions by any president to designations made under the 1906 Antiquities Act, which gives the president unilateral authority to protect imperiled sites on federal lands and in federal waters.
first_presidents_current_event_readings.docx