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Unleash Prosperity Hotline
Issue #1308
07/17/2025
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1) Goodbye to NPR, PBS and the Foreign Aid Racket

OMG! Stop the presses! Congress actually eliminated a government program! Three actually.

It wasn't easy, and it wasn't by a huge number, but the Republicans in the Senate yesterday made history by enacting the first rescission package (a cancellation of previously appropriated funds) since the mechanism was created over 50 years ago. That's a big taxpayer victory.

The bill cancels spending on wasteful foreign aid and on PBS and NPR.

Here is how they voted:
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The package heads back to the House for a final vote, which we expect to pass on party lines, before heading to a signing ceremony at the White House.

NPR and PBS were started many decades ago when there were very limited programming options. Now there are hundreds of TV and radio stations. Some of our liberal friends have complained that public broadcasting has indispensable programs. If that's the case, the viewing and listening audience will surely pony up to keep favorite shows on the air - minus taxpayer subsidies.
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2) Social Security Deform

We've run across some dingbat ideas, but this one may take the trophy. Senators Bill Cassidy (R, LA) and Tim Kaine (D, VA) have sponsored legislation that would stash $1.5 trillion in a federally-managed investment fund. The dollars would be invested in the stock market and the returns stored in the mythical Social Security "trust fund."

What could go wrong?

You can read about the idea here:
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Cassidy was one of the ringleaders last December in an absurd $200 billion raid on Social Security ([link removed]) to pay windfalls to government workers. Now, he's supposedly the program's bipartisan savior.

Under this scary plan, the United States government would become the largest stockholder in the S&P 500. You think ESG is a problem now in corporate boardrooms, wait until the politicians are the major shareholders in GE, Google, and FedEx. This is a government takeover of the means of production.

The real solution is to let every young worker in America invest their 12.4% payroll tax dollars into a 401k-style retirement plan that they own, with the money invested in an index fund.

Over 50 to 75 years, this plan winds down the unfunded liabilities of Social Security to zero and we have a fully funded defined-contribution retirement program.
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3) Is it Just Us, Or Is Gavin Newsom's Nose Growing Longer?

One of the reasons Gavin Newsom is a top contender for the Democratic presidential nod in 2028 is that despite his horrendous record, he possesses a remarkable ability to tell lies with total confidence. Here's the latest example:
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Of course, the domestic migration exodus is massive (2 million more Americans have left than have entered), and that, ladies and gentlemen, is no myth. California's meager population growth is due entirely to international migration, as a recent WSJ headline noted:
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4) Apple Invests a Half Billion Dollars in Rare Earth Magnet Mining

Apple management must be reading the HOTLINE. We at UP have estimated about $12 trillion in mineral resources are located right here in America's mountains out west. Now this headline indicates Apple is going to go after it:
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Kudos to Apple.

We need a lot more investment in US mineral production and a lot less bureaucratic interference. The Senate can help by confirming our former senior fellow, Ned Mamula, to run the US Geological Survey.
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5) Why Fossil Fuels Endure and Green Energy Stalls

Our friends at Kite & Key Media have produced another video that brilliantly summarizes why efforts to replace fossil fuel with subsidized "green" energy continue to stumble.
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Kite & Key notes that "between 2015 and 2023, the world invested over $12 trillion in alternative energy. By the end of that period, we were investing nearly double as much in alternatives as we were in fossil fuels."

The result of all that effort? The International Energy Agency reports that from 2013 to 2023 the percentage of global energy derived from fossil fuels declined from 82% to, well, 80%.

The world needs reliable, affordable, and abundant energy to run modern economies, and fossil fuels have proven hard to beat. Green energy? We're still waiting for the receipts on that.

Plenty of people would like to move beyond those sources in theory. But when they see what the world actually looks like without them — higher prices, slower travel, less reliable electricity — there are a lot fewer takers.
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6) A Full Bill of Health

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