Tag: Bill Clinton

Ep. 875 Here’s What Really Happened Yesterday

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In this episode I address the real scandal the FBI is covering up in the Hillary email scandal and the astonishing comments by Jim Comey this week regarding the infamous meeting between Loretta Lynch and Bill Clinton. I also address what really happened in the Mike Flynn hearing yesterday. Finally, I address the immigration crisis and the only path forward to save the GOP.

News Picks:

Clinton Foundation Whistleblowers Set to Make “Explosive” Allegations This Week

Three Clinton Foundation whistleblowers will speak out Thursday and make some “explosive” allegations, according to Rep. Mark Meadows (R-N.C.)

Meadows spoke with Fox News’ Martha MacCallum last night where he revealed a hearing would take place this week to go over 6,000 pages of evidence from the Clinton Foundation investigation.

When asked that the next steps would be for the investigation, Meadows replied, “… we’re going to be having a hearing this week, not only covering over some of those 6,000 pages that you’re talking about, but hearing directly from three whistleblowers that have actually spent the majority of the last two years investigating this.”

The Congressman also described the allegations from the whistleblowers as “explosive.”

“Some of the allegations they make are quite explosive,” he said. “…just look at the contributions. Now everybody’s focused on the contributions for the Clinton Foundation and what has happened just in the last year. But if you look at it, it had a very strong rise, the minute she was selected as secretary of state. It dipped down when she was no longer there. And then rose again, when she decided to run for president. So there’s all kinds of allegations of pay-to-play and that kind of thing.”

According to federal tax filings, donations to the Clinton Foundation dropped by $36 million the year after Hillary Clinton ran for president.

The filings, obtained by the New York Post, show that “contributions plunged from $62,912,331 in 2016 to $26,566,825 in 2017.”

The Clintons and their foundation have a long history of troubling dealings, many of which are outlined in the bestselling book by Peter Schweizer, Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich.

Consider the below list as a small example of some of the questionable behavior of the Clintons as laid out by Breitbart:

  • Hillary’s Foundation Hid a $2.35 Million Foreign Donation from the Head of the Russian Govt’s Uranium Company that Had Business Before Hillary Clinton’s State Dept.—a Clear Violation of the Memorandum of Understanding with the Obama Administration
  • Bill Clinton Bagged $500,000 for a Speech in Moscow Paid for by a Kremlin-linked Bank
  • Hillary’s Brother Sits on the Board of a Mining Company that Scored an Extremely Rare “Gold Exploitation Permit” in Haiti as Hillary and Bill Clinton Disbursed Billions of U.S. Taxpayer Dollars in Haiti
  • Hillary’s Approval of the Russian Takeover of Uranium One Transferred 20% of All U.S. Uranium to the Russian Govt.
  • At Least $26 Million of the Clintons’ Wealth Comes from Speaking Fees by Companies and Organizations that are Also Major Clinton Foundation Donors

Is the Clinton Speaking Tour Doomed? Ticket Prices for Next Show Plummet

Bill and Hillary Clinton are continuing their 13-city speaking tour in Texas this week, and tickets are selling for as low as $11.

The Daily Caller reports, “Seeing the duo at the Financial Centre in Sugar Land, Texas, on Dec. 4 runs anywhere from $11 to $80 depending on the seat quality. On resale sites, some sellers are asking for as much as $531 a ticket — although it’s unclear if they’ll be able to find a buyer at that price.”

Last week, at their Toronto event, the Clintons sold about 3,300 tickets in a venue that holds over 19,000 seats for hockey games. That means roughly 83% of the seats in were empty. That event saw some last minute tickets being sold for as little as $5.

The tour, titled, An Evening with the Clintons, will hit 13 cities between now and May of 2019. The paid speaking event is being promoted by Live Nation which describes the speaking tour as a “‘one-of-a-kind conversations with the two leaders as they tell their stories from some of the most impactful moments in modern history.” Live Nation says the tour “will feature joint on stage conversations with the two leaders sharing stories and inspiring anecdotes that shaped their historic careers in public service, while also discussing issues of the day and looking towards the future.”

 

Tickets to “One-of-a-Kind” Bill and Hillary Clinton Event Priced $6.55, Arena 83% Empty

Bill and Hillary Clinton kicked off their “one-of-a-kind” speaking tour in Canada on Tuesday evening, with last-minute tickets being sold for as little as $6.55 Canadian, or just less than 5 U.S. dollars.

The Daily Mail reports that the Clintons sold about 3,300 tickets in a Toronto venue that holds over 19,000 seats for hockey games (as Breitbart points out, that equates to about 83% empty seats).

There were still plenty of tickets available 30 minutes before showtime, and a secondary market appeared to be dropping. The cheapest ticket available on Stubhub was going for $6.55 Canadian, or less than $5. On the official site, there were still seats up front on the floor available for $325, with other floor seats going for $83 plus a hefty service charge. Officials told DailyMail.com organizers were expecting 3,300 people, with about 1,000 buying up close seats on the floor.

The tour, titled, An Evening with the Clintons, will hit 13 cities between now and May of 2019. The paid speaking event is being promoted by Live Nation which describes the speaking tour as a “‘one-of-a-kind conversations with the two leaders as they tell their stories from some of the most impactful moments in modern history.” Live Nation says the tour “will feature joint on stage conversations with the two leaders sharing stories and inspiring anecdotes that shaped their historic careers in public service, while also discussing issues of the day and looking towards the future.”

Some Democrats are finding the speaking tour inappropriate, with one former Clinton aide telling CNN, “I just think the optics of going to an event where people are paying to see them, and they are financially gaining from this, I am not sure that is the right way to reingratiate them back into the public sphere. They haven’t gone away, and I don’t want them to go away, but I am not sure this is the right venue from an optics standpoint.”

Tuesday night’s event featured many jabs at President Trump, as well as discussions about Saudi journalist Jamal Khashoggi, the midterm elections, the killing of Osama Bin Laden and the Iran deal.

And of course, it wouldn’t have been a Clinton speaking event if Hillary didn’t have a coughing fit:

 

How Bill Clinton Faked the “Clinton Surplus”

Authored by: Matt Palumbo

The so-called “Clinton surplus” is often cited by liberals who wish to show that the “tax and spend” philosophy isn’t as fiscally reckless as it sounds. If we look at the government’s budget statistics there does appear to be a budget surplus during the last four years of Clinton’s presidency. However, as anyone who looked at the national debt would also notice, that rose every year under Clinton. So how did both these things happen?

First, lets start with some history.

To recap Clinton’s tax policies, in 1993 two new top income brackets of 36% and 39.6% were added, as was a raise in the corporate tax to 35%, an extension of the Medicare payroll tax to all levels of income, and a small increase in the gas tax. Overall, these taxes were expected to boost revenues by 0.36% of GDP during their first year, and an additional 0.83% by 1997. Clinton did manage to see an annualized 19.3% increase in tax revenues from 1993-1996, though it should be noted that Reagan actually managed an impressive 24.1% during his presidency.

In 1997, the now Republican controlled congress reversed some of the Clinton tax increases by lowing the capital gains tax, creating a child tax credit, increasing estate tax exemption and income limits for deductible IRAs. In all, these cuts reduced the burden of taxation by about 0.22% of GDP (or in other words, the tax cuts reduced taxes by $30 billion – 26% of the 1993 increase). Economic performance under Clinton fared better from 1997-2000 compared to the 1993-1996 period in terms of job creation, wage increases, and GDP growth.

Two years following the Clinton tax hikes in 1993, in April of 1995 the CBO released deficit projections for the following years of the Clinton presidency. Below they are tabled against the actual realized deficits. All figures are in billions of dollars.

Prediction Actual Difference
1994 -203 -203 0
1995 -175 -164 11
1996 -205 -107 98
1997 -210 -22 188
1998 -210 +69 (surplus) 279
1999 -200 +126 (surplus) 326
Total -1,203 -301 902

Table Source: Laffer, Arthur. “The End of Prosperity,” p. 129. Based off data from Congressional Budget Office forecast, April 1995. Note: “Surpluses” continued into 2000 and 2001 but weren’t included in that source.

Keep in mind here, this was after the Clinton tax increases and before the Republican tax cuts, and yet the CBO still projected deficits in years to come. So what actually happened?

Clinton was more fiscally conservative than some conservatives. Federal spending as a percentage of GDP has been lowest under Clinton out of our past six presidents, so liberals would have to thank small government for the surplus, had it existed anywhere else than on paper. Unfortunately, paper is the only place the Clinton surplus existed. Tax revenues under Clinton still never managed to eclipse government spending, and if you look at the table below, you’ll see that the national debt increased every year under Clinton:

Fiscal
Year
Year
Ending
National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion

So how is this possible? How did Clinton produce a budget surplus when he never collected enough tax revenues to fund government entirely? And why did the national debt increase in the face of an alleged surplus?

That’s where a piggy bank other than the American taxpayer comes into play: the Social Security trust fund. Tabled below are the components of the national debt – public debt plus intragovernmental holdings. Public debt is the discrepancy between taxes and spending (accumulated deficits), and intragovernmental holdings is money borrowed from government trust funds, such as the Social Security and Medicare funds. An increase in intragovernmental holdings would signify that more money is owed to the Social Security/Medicare/etc.

Fiscal
Year
End
Date
Claimed
Surplus
Public
Debt
Intra-gov
Holdings
Total National
Debt
FY1997 09/30/1997 $3.789667T $1.623478T $5.413146T
FY1998 09/30/1998 $69.2B $3.733864T  (-$55.8B) $1.792328T  (+$168.9B) $5.526193T  (+$113B)
FY1999 09/30/1999 $122.7B $3.636104T  (-$97.8B) $2.020166T  (+$227.8B) $5.656270T (+$130.1B)
FY2000 09/29/2000 $230.0B $3.405303T  (-$230.8B) $2.268874T  (+$248.7B) $5.674178T  (+$17.9B)
FY2001 09/28/2001 $3.339310T  (-$66.0B) $2.468153T  (+$199.3B) $5.807463T  (+$133.3B)

Table Source: Townhall Finance

Note that every single year there was a claimed surplus, the money owed to intragovernmental holdings increased by a larger amount than the alleged surplus, meaning that borrowing from other areas of government filled both the gap between tax revenues and government spending and produced the “surplus.” This is the governmental equivalent of paying off the AMEX card with a VISA.

This Clinton surplus cannot be used to discredit conservative fiscal policy, because the “surplus” itself was a phenomenon of creative accounting, not policy.

And we’re still paying off the VISA today.

November 27, 2017: Ep. 599 What are the Clintons Hiding?


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