Chip Wood Archive
Chip Wood is the geopolitical editor of PersonalLiberty.com. He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference. Email this author.
The Republican National Committee, under the leadership of Chairman Reince Priebus, said the party must change if it ever hopes to win the White House again. So it issued a 97-page report that describes the GOP as “out of touch,” “narrow minded,” and the party of “stuffy old men.”
“For the first time since the election, I actually have some hope.” That’s what one long-time conservative said to me after Senator Rand Paul’s 13-hour filibuster last week. Paul’s dramatic gesture had conservatives, libertarians and even many on the left cheering his principled stand.
Waste and duplication in Federal budget. Senator Tom Coburn (R-Okla.) says that he and his staff have identified more than $200 billion worth of cuts that can be made in the Federal budget just by eliminating waste and duplication. During an appearance on “Meet the Press,” he promised: “I can show them all the things, the stupid things, they’ve done over the last two years that we can stop doing.” Don’t hold your breath waiting for them to ask you, Senator.
Congratulations! You’ve managed to survive a whole week since sequestration hit. And despite all of the dire warnings that were issued, airplanes didn’t fall from the skies, prison gates weren’t thrown open, the indigent didn’t lose their food stamps and essential safety personnel didn’t lose their jobs.
Those expensive Federal regulations. Just how much does it cost private enterprise to comply with all of the Federal regulations that have been promulgated? According to the Competitive Enterprise Institute, a nonprofit research group in Washington, D.C., the tab comes to more than half-a-trillion dollars a year. The CEI says the most costly agencies are the Environmental Protection Agency, whose regulations cost businesses $353 billion a year; the Department of Health and Human Services, at $185 billion; and the Federal Communications Commission, at $142 billion a year. Just think how many more jobs could be created — and taxes paid — if some of those regulatory restrictions could be eased.
Barack Obama and his union buddies have made it clear what they mean by “immigration reform.” That is, a clear path to citizenship for illegal aliens. If they get their way, guess how many of those new citizens will become Democratic voters? And guess how many will be targets for union membership?
Obama’s doomsday scenarios. Even if every penny of the “sequestration” goes into effect, which I doubt, you can be sure that Washington will spend more money this year than it did last year. If the Feds would just hold spending for 2013 to 2012 levels, there would be more than $85 billion in budget cuts. But President Barack Obama and his allies want to frighten the public into opposing any reductions, thus the threats to cut back on police, firefighters, border patrols, teachers and emergency personnel. It’s all part of the game to frighten a gullible public and to intimidate conservatives in Congress.
Hillary will rake in some big bucks. Now that she is officially out of office, look for Hillary Clinton to generate some hefty paychecks on the speaker circuit. Estimates are that the former Secretary of State, Senator and first lady will be able to command more than $100,000 per lecture. Add to that the millions of dollars she will no doubt receive when she signs a contract to write her memoirs, and it won’t be long before she can rival her husband’s earnings. Of course, it will take Hillary Clinton a while to amass the fortune Bill Clinton has banked since he left office. Estimates are that the former President now has a net worth north of $50 million.
The Chicken Littles in Washington are sure having conniptions over the thought of having to make some spending cuts, aren’t they? “Sequestration” has become the new scare word, with the White House and its allies using language like “doomsday,” “deeply destructive,” “irresponsible” and “catastrophic.”
It was 100 years ago this month that the 16th Amendment to the Constitution officially became the law of the land. Since this is the one that authorized the Federal government to implement a graduated income tax in the United States, you’ll understand why I say that Feb. 3, 1913, was a very bad day for liberty.