On Sunday night, the White House revealed that it is seeking more funds from Congress to fund Trump's wall along the U.S.-Mexico border, more resources to hire thousands more immigration officers, cutting the number of new legal immigrants and generally demanding a steep price for legislation under consideration to help so-called Dreamers.
Submitted by John Mauldin of Mauldin Economics
Uncle Sam’s Unfunded Promises
Here’s a surprisingly profound question: What is a promise? Dictionaries offer various definitions. I like this one: “An express assurance on which expectation is to be based.”
President Donald Trump has made it known that he will not tolerate liberal cities like New York and Los Angeles openly stymying federal authorities’ efforts to arrest illegal immigrants. Since taking office, he has threatened to slash federal funding while ICE has circumvented local authorities to arrest undocumented immigrants during enforcement blitzes like September’s “Operation Safe City.”
Authored by Peter St.Onge via The Mises Institute,
In the 1970’s we heard the earth was going to get so crowded we’d be falling off. Now the panickers have flipped to population decline. They were wrong in the 70’s, so are they wrong again? Is a declining population catastrophic?
Countries from Germany to Japan are investing in mass immigration or pro-birth policies on the assumption that they must import enough warm bodies to stave off economic collapse. I think this is mistaken.
If Bernie Madoff taught us anything it's that every successful ponzi scheme requires precisely one critical component to keep it afloat: a steady stream of fresh capital to fund redemptions. Absent that key component, even the most carefully crafted ponzi, with the best, most creative accounting fabrications in the world, will inevitably fail from a lack of real, cold, hard cash to keep the illusion going.