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Unleash Prosperity Hotline
Issue #760
04/27/2023
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1) The Not-So-Stupid Party
Republicans have long been known as the stupid party- but - they finally did something REALLY smart.

Yesterday House Speaker Kevin McCarthy used all his political heft to cram through a commendable fiscal package that now puts Biden and Senate majority leader Chucky Schumer in a box with walls that are collapsing on them.

We’ve already enumerated the positive features of the bill, which include:

* Work requirements for welfare benefits for able-bodied adults
* More domestic energy production
* No funding for 87,000 new IRS goons
* A one percent cap on spending
* No $300 billion green energy slush fund
* A one percent cap on spending
* No new major regulations without approval by Congress
* A one-year rise in the debt ceiling


These are all things we have called for from the beginning and they have the added virtue of being politically popular. The ball’s in your court, Joe. Good luck to Schumer in getting a debt ceiling hike with no conditions attached.

Our view is Republicans in the House should recess until Biden agrees to negotiate on the debt ceiling. After all, they are the ones who ran the debt into the stratosphere with a $6 trillion blow out spending spree.

The stupid party just got smart. Let’s see what the evil party does.


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2) The Debt Ceiling Always Drives Spending Deals
Meanwhile, Joe Biden is still insisting that raising the debt ceiling is "not negotiable.”

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Huh? Since when? For decades now the debt ceiling has often been the leverage point that forces both parties to negotiate budget deals to limit federal spending and borrowing. Biden himself negotiated the last debt ceiling deal - the Budget Control Act - back in 2011 as Barack Obama’s Vice President.

Has he forgotten that already?

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3) Why We Have the Carolinas on Our Mind
School choice is advancing in both North and South Carolina. The South Carolina State House and Senate just passed a $6,000 education savings account bill, eventually including as many as 15,000 eligible families. This is a small victory, but it does get the camel’s nose under the tent.

In North Carolina, Republicans in both chambers are close to passing an ESA bill with no income limits and vouchers of up to $6,500.

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But North Carolina has Democratic Governor Ray Cooper, who is likely to veto the bill. The Republicans would need two more votes to override a veto. We will keep you posted.
In South Carolina both the House and Senate are poised to pass a bill that provides:

Parents and guardians up to $6,000 a year to pay for tuition, transportation, supplies at either private schools or public schools outside their district. The program could expand to as many as 15,000 students over several years or about 2% of South Carolina's school age population.

This is still a very limited program, but Republican Governor McMaster says he will sign it.

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4) Steven Spielberg: Leave Classic Movies Alone
Steven Spielberg has come out with an unequivocal statement against airbrushing controversial content out of movies and books.

The 76-year-old director told a Time Magazine summit that politically correct edits he made on a rerelease of his movie E.T. were a mistake. He used digital effects to have federal agents with pistols and rifles carry awkward walkie-talkies instead.

“No film should be revised based on the lenses we now are either voluntarily or being forced to peer through,” Spielberg told his audience. He also weighed in against the use of “sensitivity experts” to change books written by authors such as Roald Dahl and Agatha Christie. “For me, it is sacrosanct. It’s our history, it’s our cultural heritage. I do not believe in censorship in that way.”

Unfortunately, most of his liberal friends in Hollywood do.

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5) Sweden and Other Scandinavian Countries Are Rejecting Socialism
Bernie Sanders and other fans of socialism used to demand enactment of policies like those in “socialist” Scandinavian countries, Denmark, Norway, and Sweden. In an October 2015 Democratic presidential debate, for example, Democratic Socialist Sanders said “I think we should look to countries like Denmark, like Sweden and Norway, and learn from what they have accomplished for their working people.”

But a recent Foundation for Economic Education report notes that in some ways we are more socialist than they are:
* “Sweden has a 100 percent nationwide school voucher program for schooling instead of the costly, underperforming socialized education system we have here”;

* “None of the Scandinavian countries has a nationally imposed minimum wage law”; and

* “Scandinavian countries all have lower corporate income tax rates than the US.”

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On the corporate income taxes, Denmark’s and Norway’s statutory corporate income tax rates were 22 percent and Sweden’s corporate income tax rate was 21.4 percent. The U.S. tax rate on corporations is slightly higher at 25.8 percent (federal and state combined).”

While Denmark has a high inheritance/estate/gift tax, neither Norway nor Sweden has any such tax.

We thought we’d never say this, but maybe Bernie was right: we should be more like Sweden.
6) The Three Stooges


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