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Argentina’s new President Javier Milei and his plans to fix a broken economy

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From StosselTV

Argentina’s new president, Javier Milei, understands that the government cannot create wealth. That’s why Milei campaigned with a chainsaw, saying he would cut the size and power of government.

In the United States, attempts to shrink government haven’t gone far, but in Argentina, Milei won by a massive 3 million votes. In just the first month of his presidency, Milei repealed rent and price controls and eliminated trade restrictions.

Daniel Di Martino, founder of www.dissidentproject.org, who escaped Venezuela and became an economist in America, says it’s impressive that Milei won by promising massive cuts.

This video covers a little of what Milei has rapidly accomplished.

 

After 40+ years of reporting, I now understand the importance of limited government and personal freedom. Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.

Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.

Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

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Economy

Biden environmental agenda under fire for increasing costs for Americans

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From The Center Square

By Casey Harper

The Biden administration’s energy policies are increasingly costly for Americans, a newly released report says.

U.S. House Oversight Committee Chair Rep. James Comer, R-Ky., released the report, which argues Biden’s energy policies have increased costs for Americans and hurt the economy.

“The Biden Administration weaponized the power of the executive branch to wage a war against American-made energy production and cement in place radical, far-left energy policies that jeopardize domestic energy development, overload America’s power grid, and raise costs on all American consumers and businesses,” Comer said in a statement.

In particular, President Joe Biden’s recent pause on liquefied natural gas exports, elevated gas prices, and the aggressive push toward transitioning toward electric energy are among the main criticisms lobbed at Biden.

Comer’s office cites analysis from the right-leaning American Action Forum released in April. AAF reports that in 2024 alone, Biden’s Environmental Protection Agency, as of the end of April, had proposed 38 new rules and finalized 63 rules. According to AAF, those rules total 33,138 pages and will cost the U.S. economy over a trillion dollars.

The report also highlights the cost of pushing America’s energy needs increasingly to the electric grid.

From the report:

Even as use efficiency improves, the U.S. Energy Information Administration projects U.S. utility-generated electricity demand to continue growing at an average annual rate of one percent through 2050. But radical new policies and regulations promulgated by the Biden Administration seek to transform power generation and electricity markets. The Biden Administration is moving to replace highly reliable and affordable existing sources of energy with new sources that are typically less reliable and more expensive. For consumers, the results of these initiatives will predictably be higher costs on utility bills, higher costs for goods and services that consume electricity, invisible energy subsidy costs paid through income and other taxes, as well as economic costs as high electricity prices push some business opportunities overseas.

The White House has cited climate change concerns as it rolled out several policies, including a pause on new export sites for liquefied natural gas.

That LNG pause has been particularly controversial, with a coalition of state and Congressional leaders rallying opposition against it. A lawsuit challenging the constitutionality has been filed by a coalition of states.

Biden’s Department of Energy has defended the decision and stressed that it will not stop any currently existing sales. The White House has also argued that the U.S. is already a leading exporter without new sales.

“Before issuing any new LNG export decisions, DOE is embarking on a transparent process to ensure we are using the most up-to-date economic and environmental analyses to determine whether additional approvals of LNG exports to non-FTA countries are in the ‘public interest,” the DOE said in a February post defending the decision.

Meanwhile, federal climate-related spending has come under fire.

During a news conference last week, U.S. Sen. Shelley Moore Capito, R-W.Va., sparked headlines by exposing that federal funds went to a climate group that was actively supporting the Oct. 7 Hamas attack on Israel, an attack that included rape, killing children, and hostage-taking.

“We went to the website of Climate Justice Alliance. This is what we found on the website that our taxpayer dollars are going to organizations such as this,” she said, referencing a pro-Hamas photo reportedly found on the group’s website.

Comer’s reports come as Biden’s Secretary of Energy, Jennifer Granholm, took questions from lawmakers last week about Biden’s energy policies.

Republicans took her to task for the increased costs Americans are facing. Energy costs have risen over 35% since Biden took office, according to federal data.

During the hearing, Granholm defended her agency’s work, including Biden’s decision to drain the nation’s Strategic Petroleum Reserve earlier in his term to help address soaring gas prices.

“The Administration remains committed to maintaining a robust and well-functioning SPR. In 2022, in response to Russia’s invasion of Ukraine and the resulting disruptions in the oil market, the President directed the sale of 180 million barrels,” Granholm said in her written testimony. submitted to the committee. “The emergency sales provided supply certainty and acted as a bridge until domestic production increased, which in turn helped to mitigate the cost increases for American families.”

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illegal immigration

Biden And Red States Are On Immigration Collision Course Heading For Supreme Court

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From the Daily Caller News Foundation

By JASON HOPKINS

 

The Biden administration is currently waging a legal campaign against Republican-led states, arguing their laws that effectively restrict illegal immigration are unconstitutional.

The Department of Justice has so far filed lawsuits against three different states for enacting laws that largely empower police to enforce immigration rules. However, these state leaders, in the backdrop of an unprecedented border crisis, say they have no choice but to take up the issue themselves because the Biden administration won’t — and other Republican states may soon follow suit.

Texas, Iowa, and Oklahoma have all signed similar bills into law in recent months that make it a state crime to be an illegal immigrant. Texas Senate Bill 4, Iowa Senate File 2340, and Oklahoma House Bill 4156 empower their law enforcement to arrest illegal immigrants and bestow various penalties for unlawful presence in the country.

“Due to the abdication of this administration’s duty to enforce the law, states are trying to protect themselves,” Matt Crapo, a senior attorney with the Immigration Reform Law Institute, explained to the Daily Caller News Foundation. “They are trying to do so by mirroring federal law, enforcing the same type of laws if this administration was enforcing the law.”

The Biden administration, however, argues these laws are unconstitutional as they intrude on the federal government’s sole authority to enforce immigration law.

Whether or not these states can enforce their laws will likely depend on the Supreme Court. The law passed in Texas, the first of the three to take up this approach, will likely end up back into the nation’s highest court.

The Immigration Reform Law Institute, a legal organization that supports stricter immigration enforcement, filed an amicus brief in the Fifth Circuit Court of Appeals in support of Texas SB4. Crapo said his organization plans to file similar briefs supporting the Iowa and Oklahoma bills once those states file in opposition to preliminary injunctions imposed by federal courts.

IRLI argued in its Texas brief that, while SB4 “parallels” similar federal immigration offenses, the law does not interfere with the federal government’s power to decide which classes of aliens are admissible or removable.

However, not all legal experts agree the Texas law adheres to the Constitution.

“SB4 is cruel, inhumane, and clearly unconstitutional,” Kate Melloy Goettelsenior legal director at the American Immigration Council, said in March statement. “All these bills could result in significant civil rights abuses, leading to widespread arrests and deportations by state actors without key federal protections.”

“Our hope is that SB4 is ultimately blocked in court; otherwise, this sets a disastrous precedent,” Goettel continued.

Immigration experts aren’t sure how the Supreme Court will ultimately rule.

“It’s sort of an open question as to whether the Supreme Court is going to allow Texas to criminalize illegal entry into Texas,” Art Arthur of the Center for Immigration Studies said to the DCNF, noting how this case is fundamentally different than the lawsuit against a 2010 Arizona law that criminalized illegal immigration status, but was largely struck down. “Texas’ argument is ‘look, the federal government doesn’t completely occupy the field with respect to this crime because trespassing is an essential state crime and this is basically a trespassing offense.’”

Arthur noted that the Texas legislation is fundamentally different to the Iowa and Oklahoma laws, meaning potentially very different outcomes in their court challenges. Unlike Oklahoma and Iowa, Texas borders Mexico and has more standing to enforce trespassing.

“The Supreme Court’s decision in SB4 will give us a lot of idea of how much vitality these other laws have, but these other laws are distinguishable from SB4,” he said. “For that reason, if the states are serious about this, they will have to litigate it all the way up to the Supreme Court.”

Similar to what sponsors of this legislation have argued, Arthur said that the passages of these state laws are not “political stunts,” but cries for help and assertions that the Biden administration has abandoned immigration enforcement.

Federal immigration data show that illegal immigration is at historic levels.

Border Patrol agents have had more than 1,171,000 encounters with illegal immigrants this fiscal year, according to the latest data by Customs and Border Protection. Well over six million such encounters have been made since the beginning of President Joe Biden’s White House tenure.

The massive influx of illegal immigrants has been followed by high-profile crimes, such as the killing of a Georgia nursing student allegedly at the hands of a Venezuelan illegal immigrant and the attempted breach of the Quantico Marine Base in Virginia allegedly by two Jordanian nationals living unlawfully in the country. A report by a New Jersey lawmaker found that his state is shelling out over $7 billion annually to cover the costs of illegal immigrants.

For these reasons, Republican state leaders say they have no choice but to address the crisis themselves — even if the Biden administration threatens to sue them for it.

“The Biden administration refuses to do their job, so we need to do it,” Louisiana state senator Valarie Hodges said to the DCNF. Hodges is the sponsor of a bill that, if signed into law, will also make illegal immigration a state crime.

Her legislation, Senate Bill 388, makes illegal entry punishable by up to one year in prison and a $4,000 fine for the first offense, and up to two years in prison and a $10,000 fine for a second offense. The bill has already passed both chambers in the state legislature, and needs procedural approval from the state senate before heading to the governor’s desk.

Much like the governors and attorneys general of the states already sued by the Department of Justice, the state senator appeared unfazed at the prospect of a court challenge.

“When the federal government won’t do their job, what course do we have?” Hodges asked. “We’re going to collapse if we don’t do something. I believe we are within our constitutional boundaries to do this.”

“Maybe we should sue them for not doing their job,” she added.

The Department of Justice did not respond to a request for comment from the DCNF.

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