How Do You Feel About a $50 Trillion Debt?

View this email in your browser ([link removed])
[link removed]
Unleash Prosperity Hotline
Issue #717
02/22/2023
New to the Hotline? Click ([link removed]) here ([link removed]) to subscribe–it's free. ([link removed])

1) How Do You Feel About A $50 Trillion Debt?
We explained the other day that Biden has increased the national debt above the Trump baseline from when Joe entered office in January 2021 by some $6.7 trillion by 2031.

But the numbers are so much worse if we look at the latest projections by the CBO through 2033 – or 10 years from now. Those numbers tell us two things. First, the debt will hit the ignominious level of $50 trillion in 2033. And second, by extrapolating the Trump baseline through 2033, we find that the debt will be nearly $10 trillion HIGHER than it would have been if we had simply stuck with the Trump budget/economic policies.

So next time you hear Biden boasting about reducing the debt by “the most in American history,” you can roll over laughing – or crying.


To $50 Trillion and Beyond
Source: Congressional Budget Office, 2023
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fhow-do-you-feel-about-a-50-trillion-debt%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fhow-do-you-feel-about-a-50-trillion-debt%2F)
[link removed] Forward ([link removed])

2) Whose Side Are Congress And Biden On In The Fight Against The Washington, D.C. Crime Wave?
Middle schoolers were robbed of their shoes on school grounds last Friday in Washington, DC.

[link removed]
Auto thefts are so out-of-control that the police are handing out the low-tech steering wheel locks from the 1990s called The Club.

On the day of the House vote to block DC's new soft-on-crime criminal code, Rep. Angie Craig of Minnesota was assaulted in her apartment building elevator — by a man who pled guilty to assaulting police officers just two months earlier but was out on the streets anyway. Ms. Craig was literally mugged by reality.

[link removed]
Craig was one of the 31 Democrats who voted with all House Republicans on the bill that now heads to the Senate, where it will need support from two Democrats to reach the president's desk (or possibly only one, if Fetterman is still hospitalized or if there is some other attendance issue).

Per Politico:

The crime proposal may be one of the first tough votes this Congress for Senate Democrats — who control the Senate but cannot stop the disapproval resolution.

Several Democrats said they were not ready to comment on the crime proposal, including Sens. Jon Tester (D-Mont.), Catherine Cortez Masto (D-Nev.), Michael Bennet (D-Colo.), Sherrod Brown (D-Ohio), Angus King (I-Maine) and Mark Kelly (D-Ariz.). Manchin, Kelly, King and Sen. Kyrsten Sinema (I-Ariz.) did not co-sponsor a bill to grant D.C. statehood last Congress.

[link removed]

Democrats are likely torn between their party's DC Statehood orthodoxy and the safety of their families, friends and staff given the wave of lawlessness in the nation's capital.

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fwhose-side-are-congress-and-biden-on-in-the-fight-against-the-washington-d-c-crime-wave%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fwhose-side-are-congress-and-biden-on-in-the-fight-against-the-washington-d-c-crime-wave%2F)
[link removed] Forward ([link removed])

3) Headline Of The Day
This one's a doozie:

[link removed]
And NYC is still racking up huge warehouse bills for worthless COVID material stockpiles that have had literally no bids at auction at any price. The City found that warehouse bills have run $17.8 million so far and are continuing to rack up – eventually, NYC will probably destroy what it can't give away.

"Other governments are going through similar exercises so it’s increasingly difficult to find buyers," an NYC official told the reporter. We don't doubt it.

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fheadline-of-the-day-8%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fheadline-of-the-day-8%2F)
[link removed] Forward ([link removed])

4) Governor DeSantis Takes Down Governor Pritzker
An easy way for Democratic Governors who want to be president to get media attention is to go after Florida Governor Ron DeSantis. But he keeps swatting them down.

California’s Gavin Newsom ran an ad in Florida over the last Fourth of July holiday warning residents “Freedom is under attack in your state.” DeSantis simply asked him why so many people in the Golden State are moving to Florida. No response.

Last week, Illinois Gov. J.B. Pritzker set himself up as the liberal alternative to DeSantis by falsely accusing his state’s educators of banning books and muzzling dissent.

DeSantis quickly fired back: “Pritzker himself sent his family to Florida during the lockdowns, so while the people of Illinois are suffering under his petty tyranny, his family is living in freedom down in the State of Florida. Our worst critics always somehow find a way to be in Florida.”

[link removed]
DeSantis followed that up by visiting Chicago this week on a book tour. He went after the liberal failure on crime there: “The reason why you have crime that has spiraled out of control in so many of these different areas is because you have politicians putting woke ideology ahead of public safety."

Chicago Mayor Lori Lightfoot, who is struggling to win re-election, responded by calling DeSantis a “racist demagogue.” How is it racist to favor cutting crime in Chicago when the vast majorities of the victims of crime are minorities?

[link removed]

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fgovernor-desantis-takes-down-governor-pritzker%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fgovernor-desantis-takes-down-governor-pritzker%2F)
[link removed] Forward ([link removed])

5) Jimmy Carter's One Big Success: Deregulation
Jimmy Carter is in hospice care and so the death of the 39th president is likely imminent.

Carter was not a successful president, but in honor of his service to the country, we thought we would celebrate one of the things that he got right: deregulation.

Carter deregulated oil (partly), trucking, railroads, airlines, banking, and beer. A famous study by Robert Crandall of the Brookings Institution found that these deregulation efforts have saved American consumers hundreds of billions of dollars.

[link removed]
Example: In 1974, it was illegal for an airline to charge less than $1,442 in inflation-adjusted dollars for a flight between New York City and Los Angeles. Today, you can often buy a ticket for under $300 round-trip.

The Carter Administration also modified the prudence standards governing ERISA – a move that made it possible for pension funds to begin investing in something other than conservative, blue-chip stocks. This little change proved to be the spark that ignited the U.S. venture capital industry, which has given birth to many of America’s best-performing companies over the past 40 years.

In banking, Carter repealed a New Deal-era law that capped the interest rate banks could offer depositors at 5.25 percent. Amid an 11 percent inflation rate under Carter, consumers were getting hammered by the much lower interest rate available at banks. As people moved their money elsewhere, a credit crunch followed, as banks didn’t have the reserves to make loans. Repeal unleashed the banking sector to provide the credit needed to finance corporate growth and job creation.

“We really need to realize that there is a limit to the role and the function of government,” Carter said in 1978. “Bit by bit we are chopping down the thicket of unnecessary federal regulations by which government too often interferes in our personal lives and our personal business.”

If only Democrats today would remember and act on the deregulation precedents of Jimmy Carter.

Op-Ed: Democrats these days hate deregulation, but once upon a time they loved it
[link removed]
President Jimmy Carter attends a meeting at the White House in Washington on April 16, 1977.(Charles Bennett / Associated Press)
[link removed] Share ([link removed])
[link removed]'s%20one%20big%20success%3A%20deregulation: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fjimmy-carters-one-big-success-deregulation%2F Tweet ([link removed]'s%20one%20big%20success%3A%20deregulation: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fjimmy-carters-one-big-success-deregulation%2F)
[link removed] Forward ([link removed])

6) Rewriting The Classics
The left isn’t burning books (yet), but they are rewriting them.

Netflix, which purchased the literary estate of the late children’s novelist Roald Dahl, has decided to scrub his works of language deemed offensive by the far left today. Dahl was the author of the beloved Willie Wonka and The Chocolate Factory and Matilda, both of which were turned into classic films.

Young readers will no longer be exposed to "offensive words" like "Fat, bald, ugly." Charlie and the Chocolate Factory’s Oompa Loompas are now "gender neutral."

What’s next, blacklisting Eeyore for stereotyping donkeys as grumpy?

============================================================

Know anyone else who would appreciate the Hotline? Please direct them to subscribe at: ** [link removed] ([link removed])

Have an idea for an item that should be in our newsletter? Send us any charts, statistics, heroes/villains, or humor that you’d like to see featured!
** Twitter ([link removed])
** Facebook ([link removed])
** [link removed] ([link removed])
Copyright © *2023* *Committee To Unleash Prosperity*, All rights reserved.

This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
Committee to Unleash Prosperity . 1155 15th St NW Ste 525 . Washington, DC xxxxxx-2706 . USA