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Sen. Bob Corker (R-TN) Delivers Weekly GOP Address On Democrats’ Failed Fiscal Leadership

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U.S. Senator Bob Corker (R-Tennessee) delivers the Weekly Republican Address, calling for pro-growth tax reform to broaden the tax base, lower rates for everyone and provide Americans the opportunity to succeed. Senator Corker says “families and state governments are making tough decisions every day in order to make ends meet. And businesses are crying out for clarity on tax rates and regulation. This uncertainty is what’s weighing down the recovery and preventing the investment needed to create jobs…”

Sen. Corker points out the failure of President Obama and Senate Democrats to lead on basic budgeting, lowering the debt, and fiscal reforms. He says, “Failing to accomplish even the most basic responsibility of government is a total failure of leadership and represents everything the American people hate about Washington. . . . “Despite every warning sign imaginable, we have no solutions from this Administration or Democratic leadership in the Senate.

“The President punts on almost every tough decision. In fact, as he appeals to college students, his Administration is robbing those same young people of their American inheritance, spending their money on my generation and engaging in nothing short of generational theft.”

“I’m Bob Corker, and I’m proud to represent Tennessee in the United States Senate.

“When I was 25 years old, I saved $8,000 and started my own construction company. I worked hard, and my business expanded. Our country’s free enterprise system gave me the opportunity to earn success and to live the American Dream.

“I became involved in public service to help provide my neighbors with the opportunity to experience the American Dream themselves, and I came to Washington with the same goal.

“But I fear our country is moving to a place where politicians have lost sight of the value of earned success.

“Politicians are bankrupting our country by passing legislation without paying for it and abandoning the free market principles that give people the opportunity to succeed.

“It’s disappointing and, I can assure you, highly frustrating to see what happens here in Washington: More spending and debt and kicking tough decisions down the road, robbing – literally robbing – the next generation of the opportunity to pursue success and live their own American Dream.

“Last Sunday marked three years since the Senate has passed a budget. Three years. Think about that. The federal government, which spends more than $3.5 trillion a year, much of it borrowed from outside the United States, has no guideline for how that money is spent.

“The Democratic Leader of the Senate said it would be ‘foolish for us to do a budget at this stage,’ and he’s even refused to hold a vote.

“When the Democratic chairman of the Senate Budget Committee attempted to hold a markup on a budget, he was stopped at the last minute and pulled a vote from consideration.

“And what about our presidential leadership? President Obama’s budget failed to receive a single ‘yes’ vote in either House of Congress last year. According to the non-partisan Congressional Budget Office, this year’s presidential budget would actually decrease economic growth over the next decade.

“This kind of Washington mismanagement has put us in a place where over the last three years our debt has increased by more than $4 trillion.

“Failing to accomplish even the most basic responsibility of government is a total failure of leadership and represents everything the American people hate about Washington.

“Just last month, the trustees for Medicare and Social Security reiterated that the programs are on a path towards insolvency and in urgent need of reform.

“Despite every warning sign imaginable, we have no solutions from this Administration or Democratic leadership in the Senate.

“The President punts on almost every tough decision. In fact, as he appeals to college students, his Administration is robbing those same young people of their American inheritance, spending their money on my generation and engaging in nothing short of generational theft.

“Families and state governments are making tough decisions every day in order to make ends meet. And businesses are crying out for clarity on tax rates and regulation. This uncertainty is what’s weighing down the recovery and preventing the investment needed to create jobs in Tennessee and throughout the country. Washington’s lack of courage to deal with out-of-control spending is only adding to the sense of uncertainty among investors and potential small businesses owners.

“At present, our inability to deal with these issues is our greatest enemy. In other words, we are our greatest enemy. But I also believe it can be our greatest opportunity.

“We need pro-growth tax reform. This means simplifying the tax code and doing away with most, if not all, of the $1.2 trillion in loopholes and tax expenditures that Congress has created to try to drive your behavior. This would allow us to broaden the tax base and lower rates for everyone.

“This kind of tax reform combined with a long-term plan to reduce our debt and strengthen Social Security and Medicare so that they are solvent for the long haul would really cause our economy to just take off.

“Growing the private sector, not government, will ensure that we remain the strongest country in the world. Preserving the principles that have made this country great is the struggle of this generation—free enterprise, personal liberty and a society where everyone has the tools and the opportunity to earn success.

“Nothing makes people happier than earning success. Our Founding Fathers understood this and considered the ‘pursuit of happiness’ to be a God-given right. Let’s put in place policies that will enable future generations to earn success. It’s the American Dream.”

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Wealth is not Created at the Top: It is Only Devoured There

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The UK has left the EU and we can argue about the minutiae of Wealth until we’re blue in the face. But the overriding factors are apparent and in one of the richest countries in the world it is shocking that so many people can’t even be sure if they are going to be able to eat enough today or provide for their loved ones.

These days, politicians from the left to the right assume that most wealth is created at the top. By the visionaries, by the job creators, and by the people who have “made it”. By the go-getters oozing talent and entrepreneurial-ism that are helping to advance the whole world – Opinion by 

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… across the spectrum virtually all agree that wealth is created primarily at the top and so entrenched is this assumption that it’s even embedded in our language. When economists talk about “productivity”, what they really mean is the size of your paycheck. And when we use terms like “welfare state”, “redistribution” and “solidarity”, we’re implicitly subscribing to the view that there are two strata: the makers and the takers, the producers and the couch potatoes, the hardworking citizens – and everybody else.

Bankers, pharmaceutical giants, Google, Facebook … a new breed of  rentiers are at the very top of the pyramid and they’re sucking the rest of us dry

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In reality, it is precisely the other way around. In reality, it is the waste collectors, the nurses, and the cleaners whose shoulders are supporting the apex of the pyramid. They are the true mechanism of social solidarity. Meanwhile, a growing share of those we hail as “successful” and “innovative” are earning their wealth at the expense of others. The people getting the biggest handouts are not down around the bottom, but at the very top. Yet their perilous dependence on others goes unseen. Almost no one talks about it. Even for politicians on the left, it’s a non-issue.

To understand why, we need to recognise that there are two ways of making money. The first is what most of us do: work. That means tapping into our knowledge and know-how (our “human capital” in economic terms) to create something new, whether that’s a takeout app, a wedding cake, a stylish updo, or a perfectly poured pint. To work is to create. Ergo, to work is to create new wealth.

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But there is also a second way to make money. That’s the rentier way: by leveraging control over something that already exists, such as land, knowledge, or money, to increase your wealth. You produce nothing, yet profit nonetheless. By definition, the rentier makes his living at others’ expense, using his power to claim economic benefit.

But here comes the rub. Most rentiers are not as easily identified as the greedy banker or manager. Many are disguised. On the face of it, they look like industrious folks, because for part of the time they really are doing something worthwhile. Precisely that makes us overlook their massive rent-seeking…

CONTINUE READING HERE:

The problems we face are that the politicians are firmly in the hands (pockets) of the uber wealthy. We live in a corporate plutocracy and those holding all the wealth and therefore power have no intention of changing the status quo, even if it isn’t sustainable. They remind me of bacteria (or cancer) devouring the host body more and more even though eventually it will kill them too.

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Donald Trump Forgets Important Lesson From Grandad:

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Harper’s Magazine reprints an interesting letter from US President Donald J. Trump’s own grandfather that may get you thinking. Here is it then:

The Emigrants – By Friedrich Trump – From a letter written in 1905 by Friedrich Trump, Donald Trump’s grandfather, to Luitpold, prince regent of Bavaria. Trump had been ordered to leave Bavaria for failing to complete mandatory military service and to register his initial emigration to the United States twenty years earlier.

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Prince Luitpold rejected Trump’s request for repatriation; the family later settled in New York. Translated from the German by Austen Hinkley.

Most Serene, Most Powerful Prince Regent! Most Gracious Regent and Lord!

I was born in Kallstadt on March 14, 1869. My parents were honest, plain, pious vineyard workers. They strictly held me to everything good — to diligence and piety, to regular attendance in school and church, to absolute obedience toward the high authority.

After my confirmation, in 1882, I apprenticed to become a barber. I emigrated in 1885, in my sixteenth year. In America I carried on my business with diligence, discretion, and prudence. God’s blessing was with me, and I became rich. I obtained American citizenship in 1892. In 1902 I met my current wife. Sadly, she could not tolerate the climate in New York, and I went with my dear family back to Kallstadt.

The town was glad to have received a capable and productive citizen. My old mother was happy to see her son, her dear daughter-in-law, and her granddaughter around her; she knows now that I will take care of her in her old age.

But we were confronted all at once, as if by a lightning strike from fair skies, with the news that the High Royal State Ministry had decided that we must leave our residence in the Kingdom of Bavaria. We were paralyzed with fright; our happy family life was tarnished. My wife has been overcome by anxiety, and my lovely child has become sick.

Why should we be deported? This is very, very hard for a family. What will our fellow citizens think if honest subjects are faced with such a decree — not to mention the great material losses it would incur. I would like to become a Bavarian citizen again.

In this urgent situation I have no other recourse than to turn to our adored, noble, wise, and just sovereign lord, our exalted ruler His Royal Highness, highest of all, who has already dried so many tears, who has ruled so beneficially and justly and wisely and softly and is warmly and deeply loved, with the most humble request that the highest of all will himself in mercy deign to allow the applicant to stay in the most gracious Kingdom of Bavaria.

Your most humble and obedient,

Friedrich Trump

… Well then. Long ago, yes.. Still applies? You tell me.

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