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Unleash Prosperity Hotline – Week Edition
Issue #1222
03/14/2025 – 03/16/2025
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1) The Phantom Medicaid Cuts
Democrats in Congress are trying to derail the budget with deceptive claims that the GOP plan has "deep cuts" in Medicaid.
Former House Speaker Newt Gingrich notes that Medicaid spending rises EVERY YEAR and $168 billion over the next decade in this budget.
Does that look like a "cut" to you?
We wish there WERE deep cuts.
We've previously reported as much as 25% of Medicaid outlays are improper payments. ([link removed])
California expects $119 billion in federal Medicaid funding in the upcoming fiscal year, ([link removed]) more than the entire budget of the state of Florida.
Medicaid spending is up over 50% in the past five years, and Republicans are only proposing that annual increases going forward be slightly slower than the Democrats prefer. This program needs a chainsaw
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2) 10 Fastest Growing Counties Are in Five Red States
All of the 10 fastest growing counties with more than 20,000 residents between 2023 and 2024 were in five states (see Table below), according to just released Census Bureau data (Texas, Georgia, Florida, South Carolina and Arizona).
Nine of the 10 fastest growers were in the now dominant southeast region. Taxes are well below the median in each of these states and they are all right to work states.
Four of the fastest growing counties were in Texas. Kaufman County in the Dallas-Fort Worth metropolitan area had the largest percentage increase among the metropolitan areas.
The nation's fastest growing county was Dawson, Georgia (in suburban Atlanta), which gained 6.4%.
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3) Democrats Were FOR Firing Government Workers Before They Were Against It
We can't help shaking our heads in amazement that the media and liberal groups keep pouting about the "injustice" of government employee layoffs. Have they forgotten that deficit spending has hit $2 trillion?
There have been protests across the country in the last two weeks to stop the pink slips.
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These protests come from many of the same people who applauded when the Biden Administration fired some 8,000 military personnel and another 1,000 civilian employees for not complying with their COVID vaccine mandate.
For those who have forgotten this, here's a CNN headline during Covid to jog the memory:
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We don't recall liberal activists protesting in the streets over THESE layoffs.
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4) Jamie Dimon Slams Proxy Advisors ISS and Glass Lewis
Too many of America's major money management firms vote for ESG/DEI shareholder resolutions that are driven by progressive shareholder activists. These votes are a clear violation of their fiduciary duty to their clients.
Our Pension Politics report ([link removed]) last year revealed that too many giant investment firms take the terrible advice of the two major proxy voting advisory firms - ISS and Glass-Lewis.
Together, these two firms control 97% of the proxy advisor market. They almost always recommend "yes" votes on the most egregious ESG resolutions.
Thankfully, companies have started to retreat from using their services.
One of the biggest to pull back is JPMorgan, whose head Jamie Dimon took a 2-by-4 to the two firms this week at BlackRock's retirement investment summit in Washington.
The JPMorgan chief described Institutional Shareholder Services (ISS) and Glass Lewis as "incompetent" at the BlackRock event, and declared "shame on you" to companies who "give them money" because they have contributed to a regulatory environment that is "driving companies out of the public market."
BlackRock and JPMorgan have stopped using the leftist proxy firms and so should the rest of the investment houses - if they truly care about their clients.
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5) Guess Who Funds "Families Over Billionaires"
Here's a headline that will raise your eyebrows:
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Families Over Billionaires, which launched when Trump returned to the White House in January, was set up as a temporary entity to oppose the extension of Trump's signature 2017 tax legislation -- but its "eight-figure" fundraising campaign, through an array of pass-through organizations, is backed by the very wealthy.
That's because the fledgling Families [Over] Billionaires, which doesn't even have a donation option on its website for the public, is actually a trade name of the massive liberal dark money Sixteen Thirty Fund, according to business records filed in Washington, DC.
Sixteen Thirty has received $280 million from the Wyss Foundation, the philanthropic arm of the Swiss billionaire Hansjorg Wyss, 89, past reports and disclosures from its affiliated groups show.
Got that? The group "Families Over Billionaires" is funded by a foreign billionaire and is spending $10M+ on ads to try to raise taxes on middle class American families. You can't make it up.
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6) The O’Donnell Factor: Now THIS Really Is Unfair
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