Americans are by now broadly aware of the threat posed by Chinese-owned TikTok, including its threat…
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TikTok’s Latest Assault: Ripping Off American Artists and Songwriters

Americans are by now broadly aware of the threat posed by Chinese-owned TikTok, including its threat to U.S. national security.

In recent days, we’ve witnessed in real time another emerging TikTok threat reaching the headlines:  The threat it poses to intellectual property protections, which undergird America’s status as the most artistically and musically productive and influential nation in human history.

Universal Music Group, however, has decided to stand up and fight back by removing its catalog of songs – including artists like Taylor Swift, Drake and Billie Eilish – from TikTok.

Tone-Deaf TikTok has built its aggressive worldwide empire largely on the backs of music created by American artists, as even its corporate leadership openly admits.  As TikTok’s very own…[more]

February 08, 2024 • 12:44 PM

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America's Top National Security Threat Is Our Runaway Debt Print
By Stephen Moore
Tuesday, October 24 2023
This year, for the first time, federal interest expenses exceed our entire national defense budget.

After spending $6 trillion on social welfare and a Green New Deal spending spree and running our national debt up to $33 trillion, President Joe Biden is asking to whip out the federal credit card yet again for $100 billion more in military assistance for Ukraine and Israel and "humanitarian" aid.

Yes, it certainly is a dangerous world, and more so every day. But Biden has a lot of nerve proclaiming that he's 100% committed to the defense of Ukraine and Israel when his own policies have contributed directly to the hostilities.

The most impactful way to repel our enemies  China, Russia, Middle East terrorists  is to defund them by producing every ounce of oil, gas and coal here at home. Biden's war on American energy has cost the U.S. economy more than $200 billion in lost domestic energy output from the Trump pro-drilling trend. At least $40 billion of that has gone to the Iranians. You can buy a lot of rockets with that kind of money.

Meanwhile, the Russian war machine is almost entirely funded with petrodollars. They love that the heart of the Biden climate policy is to produce 3 million barrels a day less than we could and should be.

Biden misses a larger point about our national security. Right now, our debt is the nation's most urgent, clear and present danger  not just to our economic prosperity but to our national security. Presidents Ronald Reagan and Donald Trump believed rightly that when America is strong at home with an economy firing on all cylinders, we are strong, respected and feared abroad.

It's painful to say, but right now, America is far weaker militarily and economically than we were four years ago. The most important geopolitical power today is economic and technological superiority.

You don't achieve and retain that status by becoming the world's premier debtor nation.

Americans are starting to feel in the pocketbook the corrosive effect of a hemorrhaging $6 trillion budget. Everything we buy is 17% more expensive as the government effectively prints and borrows money to pay its bills. Mortgage rates are surging, with a 30-year mortgage interest rate at 8%, up from 3% when since Trump left office.

This means that on an average-priced house with a 30-year mortgage, buyers will pay $1,500 a month more in payments. This will put homeownership out of reach for millions of Americans.

Then, there is the impact of skyrocketing federal interest payments on the debt. This year, for the first time, federal interest expenses exceed our entire national defense budget. With lower interest rate debt now turning over every day and having to be refinanced by issuing 5% and 6% Treasury bills, we're facing a death spiral of red ink.

Borrowing more money now would make all these problems much worse and make America less of a superpower going forward. Republicans should be insisting on three conditions for any more debt spending packages.

First, it has to be much smaller  cut at least by half  than $100 billion. This isn't Monopoly money we are talking about.

Second, any release of new funds must be accompanied by a pro-drilling strategy here at home to divert money away from our enemies.

And third, every penny must be paid for dollar-for-dollar with other spending cuts. This isn't a heavy lift. We simply slash the $380 billion green energy slush fund and other wasteful programs.

If Biden and Congress don't believe they can find and eliminate tens of billions of dollars of waste in the federal budget (about 1% of total spending), this is prima facie evidence that we need a new president and a new Congress.


Stephen Moore is a senior fellow at the Heritage Foundation and a co-founder of the Committee to Unleash Prosperity. His latest book is: "Govzilla: How the Relentless Growth of Government Imperils Our Economy."

COPYRIGHT 2023 CREATORS.COM

Notable Quote   
 
"The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.The nation's debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated…[more]
 
 
— Michelle Fox, CNBC
 
Liberty Poll   

Assuming that Robert F. Kennedy, Jr., is able to get on most 2024 ballots as a third-party or independent candidate for President, from which major party candidate do you believe he will take the most votes?