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Libertarian Party candidate and former New Mexico Gov. Gary Johnson.

Libertarian Party candidate and former New Mexico Gov. Gary Johnson.

Former New Mexico Gov. Gary Johnson, the two-time Libertarian Party presidential candidate, says he’s lost faith in the electoral process and vowed never to run again. He will now focus all his efforts on legalizing marijuana.

The laissez-faire Libertarian candidate received mostly mocking Bid Media coverage before the election in November, specifically after he made a gaffe on MSNBC answering a question on Allepo, Syria. It didn’t know what it was, let alone that it was a place. Libertarians, of course, have little interest in foreign interventions, which seemed to be lost on the pundits.

Gov. Johnson was nominated on May 29, 2016, at the Libertarian National Convention in Orlando, Florida, with 56% of the vote. Former Massachusetts Governor William Weld was endorsed by Johnson for the Libertarian vice-presidential nomination, which he received on May 29, 2016.

Govs. Johnson and Weld became the first ticket of any party to feature two governors since the 1948 presidential election and ended up receiving nearly 4.5 million votes nationally, far more than his 2012 popular vote total. While still not a viable electoral force, the 2016 presidential election marked the Libertarian Party’s most successful presidential run to date and the most successful third-party candidacy since Ross Perot in 1996.

Worth noting, it was thought before the election that Gov. Johnson would at least take an equal vote share from both Republican Donald J. Trump and Democrat Hillary R. Clinton. In the past, Libertarians have drawn more from Republicans and, despite multiple claims to the contrary, PPD’s post-election analysis shows Gov. Johnson drew from President Trump more than Mrs. Clinton in all but a few states.

Former New Mexico Gov. Gary Johnson, the

An Iranian Emad missile is displayed during a ceremony marking the 37th anniversary of the Islamic Revolution, in Tehran February 11, 2016. (Photo: Reuters)

An Iranian Emad missile is displayed during a ceremony marking the 37th anniversary of the Islamic Revolution, in Tehran February 11, 2016. (Photo: Reuters)

Iranian missiles test-fired this weekend from the Gulf of Oman were both Fateh-110 Short-Range Ballistic Missiles (SRBM), defense officials tell PPD. One destroyed a floating barge approximately 155 miles away and were the first tests of this particular missile in two years.

Pentagon officials are concerned 1) because the U.S. Navy operates warships in the area and, 2) the test comes as North Korea conducted its own test-launches of ballistic missiles on Monday. According to one official, who spoke on the condition of anonymity, the two short-range ballistic missiles were launched from the Islamic Revolutionary Guard Corps bases in Bandar-e-Jask, in southeastern Iran.

The first missile fired on Saturday missed its intended target. The next day, Iran was successful. It was not clear whether this was the first successful test at sea.

The Iranian Fateh-110 Mod 3 is a road-mobile, solid-propellant ballistic missile with a new “active seeker,” helping the missile locate warships at sea. The missile is capable of carrying high explosive, chemical and submunitions warheads.

Since President Barack Obama’s touted nuclear agreement in July 2015, the Foundation for Defense of Democracies says Iran conducted as many as 14 ballistic missile launches.

Iranian missiles test-fired this weekend from the

President Donald J. Trump, left, shakes hands with House Speaker Paul Ryan, R-Wis., right, before his address to a joint session of Congress.

House Republicans have released the text of their long-awaited ObamaCare replacement bill, the American Health Care Act, which will be debated following repeal.

“ObamaCare is rapidly collapsing. Skyrocketing premiums, soaring deductibles, and dwindling choices are not what the people were promised seven years ago. It’s time to turn a page and rescue our health care system from this disastrous law,” House Speaker Paul Ryan, R-Wis., said in a statement. “The American Health Care Act is a plan to drive down costs, encourage competition, and give every American access to quality, affordable health insurance. It protects young adults, patients with pre-existing conditions, and provides a stable transition so that no one has the rug pulled out from under them.”

President Donald J. Trump called on the U.S. Congress to “act decisively” during his address to a joint session of Congress, and Speaker Ryan said Republicans have answered that call. He thanked Health and Human Services Secretary Tom Price and the Trump Administration “for their commitment to keep this promise and get this right” amid continued chaos with the law.

United HealthGroup Inc. (NYSE:UNH), the nation’s largest insurer, announced in April 2016 that the company would bail on all but a “handful” of ObamaCare exchanges in 2017. Regulators confirmed they are completely abandoning exchanges in Missouri, North Carolina, Pennsylvania, Tennessee and Washington state, while partially withdrawing from Georgia.

In August, Aetna (NYSE:AET), the nation’s third largest insurer, announced the most significant withdrawal from the federal marketplaces set up by ObamaCare to date. Citing heavy losses, Chairman and CEO Mark T. Bertolini said Aetna would severely reduce its participation from 15 states to just 4 in 2017.

Now, nearly 33% of all U.S. counties have only one insurer offering plans on their state’s exchange and 34% fewer doctors and other health care providers accept ObamaCare insurance compared to private insurance. In October last year, the Obama administration itself confirmed insurance premiums for a midlevel benchmark plan will increase an average of 25% across the 39 states served by the federally run online market before taxpayer-provided subsidies.

The ObamaCare replacement bill eliminates the individual and employer mandates, as well taxes associated with the healthcare law passed by the Democratic Party. It also aims to keep the more popular provisions such as allowing dependents to stay on their parents’ plan until they are 26 years old, and prohibit health insurers from denying coverage or charging more money to patients with pre-existing conditions.

To pay for insurance, the bill gives Americans a monthly tax credit between $2,000 and $14,000 a year for low- and middle-income individuals and families who don’t receive insurance through work or a government program. This provision is more controversial and is opposed by members of the House Freedom Caucus and Sen. Rand Paul, who said last weekend the government might as well just buy them insurance.

It encourages expanding Health Savings Accounts (HSAs) by almost doubling the amount of money people can contribute and increasing how people can use it. On Medicaid, the House adopted President Trump’s plan to modernize and strengthen the entitlement by moving it to a “per capita allotment” basis, allowing states to play a larger role. In another adoptive presidential provision, the bill establishes a Patient and State Stability Fund.

“Working together, this unified Republican government will deliver relief and peace of mind to the millions of Americans suffering under ObamaCare,” Speaker Ryan added. “This will proceed through a transparent process of regular order in full view of the public.”

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[pdfviewer width=”740px” height=”849px” beta=”true/false”]https://www.peoplespunditdaily.com/wp-content/uploads/2017/03/AmericanHealthCareAct.pdf[/pdfviewer]

House Republicans have released the text of

Secretary of State Rex Tillerson, left, Attorney General Jeff Sessions, center, and Secretary of the Department of Homeland Security (DHS) John Kelly, right, hold a press conference to announce a new executive order travel ban signed by President Donald J. Trump.

Secretary of State Rex Tillerson, left, Attorney General Jeff Sessions, center, and Secretary of the Department of Homeland Security (DHS) John Kelly, right, hold a press conference to announce a new executive order travel ban signed by President Donald J. Trump.

President Donald J. Trump on Monday signed a new executive order suspending the refugee program and entry to the U.S. for travelers from 6 Muslim-majority nations known to be hotbeds of Islamic terrorism. The administration tailored the order to withstand liberal court scrutiny.

The new “Executive Order Protecting The Nation From Foreign Terrorist Entry Into The United States” specifically cites the president’s authority granted by the U.S. Constitution and the U.S. Congress, specifically the Immigration and Nationality Act (INA), to suspend refugee entries for 120 days.

Whenever the President finds that the entry of any aliens or of any class of aliens into the United States would be detrimental to the interests of the United States, he may by proclamation, and for such period as he shall deem necessary, suspend the entry of all aliens or any class of aliens as immigrants or nonimmigrants, or impose on the entry of aliens any restrictions he may deem to be appropriate.

However, it no longer will suspend Syrian refugee admissions indefinitely and excludes Iraq.

The order also excludes green card holders but still impacts travelers from six nations–Iran, Libya, Somalia, Sudan, Syria and Yemen–who did not obtain a visa before Jan. 27 from entering the United States for 90 days.

Secretary of State Rex Tillerson said he spoke with the Iraqi government about its vetting process and felt that the screening system was thorough enough to stand on its own.

“The State Department will coordinate with other agencies to implement this temporary ban in an orderly fashion,” Secretary of State Tillerson said.

In the announcement, Mr. Tillerson was flanked by Attorney General Jeff Sessions and Homeland Security Secretary John Kelly.

“We must undertake a rigorous review of our visa and refugee vetting programs to increase our confidence in the entry decisions we make for visitors and immigrants to the United States,” Kelly said. “We cannot risk the prospect of malevolent actors using our immigration system to take American lives.”

For countries impacted by the order, there is a 50-day window to comply with requests to improve the “quality” of the information provided to U.S. officials for the purpose of vetting. If they do not comply, the State Department, Homeland Security (DHS) and intelligence agencies can make additional recommendations on what, if any, restrictions should be imposed.

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President Trump will also cap the number of refugees accepted by the U.S. annually to 50,000–down sharply from the 110,000 set by the Obama administration–but in line with public opinion.

According to the new executive order, the U.S. Department of Homeland Security will have 20 days to perform a “global, country-by-country review of the identity and security information that each country provides to the U.S. government to support U.S. visa and other immigration benefit determinations.”

The new order also details categories of people eligible to enter the United States for business or medical travel purposes.

Meanwhile, President Trump’s executive action comes on the heels of the Department of Homeland Security revealing nearly a third of the 1,000 domestic terrorism cases currently being investigated by the Federal Bureau of Investigation (FBI) involve those admitted to the U.S. as refugees.

Officials said some of those 300 came to “infiltrate” the U.S., while others were radicalized once they were in the country.

In 2015, FBI Director James Comey said the Bureau was investigating roughly 900 terror probes including every U.S. state. But Monday’s leaked report represents the first official solid tie between the refugee resettlement program and an increase in terrorism.

“If that becomes the new normal, that would be hard to keep up,” ” Director Comey said.

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President Donald J. Trump signed a new

marriage-family-well-being

New research shows the relationship between marriage, health and well-being.

The tax-and-transfer welfare state is in deep trouble. I explained last year that the United States faces a very serious long-run challenge.

Many of our entitlement programs were created based on the assumption that we would always have an expanding population, as represented by a population pyramid. …however, we’ve seen major changes in demographic trends, including longer lifespans and falling birthrates. The combination of these two factors means that our population pyramid is slowly, but surely, turning into a population cylinder. …this looming shift in America’s population profile means massive amounts of red ink as the baby boom generation moves into full retirement.

In other words, in the absence of genuine entitlement reform, America will have a Greek-style fiscal mess at some point in the future. Or, as I wrote yesterday, maybe we should call it a Japan-style mess.

Simply stated, we’re going to have too many people collecting benefits and too few people generating income.

The outlook is even worse in Europe. Indeed, the fiscal crisis has already started in many nations in Southern Europe. And the crisis will spread to many countries in Northern Europe. And it will hit Eastern Europe as well, notwithstanding some good economic reforms in that region.

Unfortunately, most politicians are reluctant to undertake the entitlement reforms that would avert this crisis.

So what’s their alternative solution? In many cases, they don’t have one. In other cases, they act as if higher tax burdens can solve the problem, even though that probably means even more people will be discouraged from productive lives and instead decide to ride in the wagon of government dependency (higher taxes also would enable even more spending, but that’s a separate story).

Another potential answer is sex. To be more specific, governments around the world are urging people to procreate more so that there will be additional future taxpayers to finance the welfare state.

I’m not kidding.

Let’s start with the new effort in Spain.

Europeans across the continent are having so many fewer babies that national populations from Scandinavia to the Mediterranean are skewing towards the older end of the spectrum, with not enough young, productive people to keep economies thriving and to look after the rest of the aging population. Spanish women have 1.3 children on average. In 2015, Spain’s death rate outstripped the birth rate… Edelmira Barreira Diz was appointed as “commissioner for the demographic challenge” last month.

I think “sex commissioner” would have been a better title. Heck, that probably would have enticed a certain former American president to apply for the position.

Here’s a chart from the story showing declining fertility rates.

Fertility Rates Government Sex

There’s a similar effort for government-encouraged babies in Italy.

Italy is facing a dramatic demographic change, with increasingly fewer children being born. So the Health Ministry recently launched an ad campaign to remind people of Sept. 22 being “fertility day.” …another ad claiming that fertility was “a common good” — a comparison that reminded some of fascist propaganda from the 1920s which urged women to have more babies to support the nation. …As a social welfare state, Italy’s pensions system and economy relies on a certain number of younger people joining the workforce every year.

The Danish government also wants women to think they have an obligation to produce future taxpayers.

In Denmark, for instance, schoolchildren are now taught in class that they should have more babies. “…we just thought, maybe we should actually also tell them about how to get pregnant,” Marianne Lomholt, national director of Sex and Society, told the New York Times. …Denmark’s Education Ministry now has teachers talk not only about the dangers of sex and pregnancies, but also about their benefits.

Also in Denmark, private companies are jumping on this bandwagon (sexwagon?) of more sex as a solution to demographic-entitlement crisis.

Denmark has a sex problem. …not exactly a sex problem, per se. It’s more like a baby problem. …Denmark’s perennially low birth rate…has left people worried… “We are concerned. The fewer Danes means fewer people to support the aging population…” …can vacation sex save the Kingdom of Denmark? Spies thinks it can, so the company has sweetened the deal. According to its promotion, the company will give prizes to couples who get pregnant while on vacations purchased through them.

Given the grim demographic outlook in Japan, nobody should be surprised that the government there is agitating for more future taxpayers.

A comprehensive plan to reverse Japan’s crashing population numbers was unveiled on Thursday by a government task force… Shigeru Ishiba, minister in charge of overcoming population decline and reviving local economies, was more blunt. “Japan will die off” without proper countermeasures, he warned. …The strategy outlined in the government plan is to encourage young people to relocate to areas outside the major metropolitan regions by fostering jobs and economic growth in small local communities that are now in danger of simply disappearing for lack of inhabitants.

Huh?!? Japan’s repeated forays into Keynesian economics haven’t generated good results nationally, so I’m not holding my breath that this new campaign will be “fostering jobs and economic growth” in targeted communities.

For a final example, let’s shift to China, where a government that formerly forced women to have abortions is suddenly looking at ways to subsidize an extra child.

China is considering introducing birth rewards and subsidies to encourage people to have a second child… the country issued new guidelines in late 2015 allowing all parents to have two children amid growing concerns over the costs of supporting an aging population. …China began implementing its controversial “one-child policy” in the 1970s in order to limit population growth, but authorities are now concerned that the country’s dwindling workforce will not be able to support an increasingly aging population.

Since coerced redistribution isn’t nearly as odious as coerced abortion, I guess this is another sign of progress in China.

But I’m not sure that will be enough to produce enough future taxpayers for China. Or any other nation.

The only sustainable welfare state, given modern demographics, is no welfare state.

Or, to be more accurate, the right approach is to start with the default assumption that people are responsible for saving and investing to support themselves in retirement. There are lots of nations that now have systems of personal retirement accounts, and this puts them in much stronger position than nations that rely solely on tax-and-transfer entitlement schemes. Hong Kong is a good example, as are Chile and Australia.

By the way, countries with private social security systems have safety-net programs for destitute seniors, but that’s far more affordable than automatic payments to everyone in retirement.

P.S. On a related note, there’s a big debate in academic circles about whether the welfare state (specifically young-to-old redistribution) actually sows the seed of its own destruction by inducing lower fertility rates. Ramesh Ponnuru of National Review summarized some of the evidence for this hypothesis back in 2012.

A 2005 paper for the National Bureau of Economic Research by economists Michele Boldrin, Mariacristina De Nardi, and Larry E. Jones points out that “the size and timing of the growth in government pension systems” matches up nicely with fertility trends in the U.S. and Europe. They expanded on both sides of the Atlantic Ocean, and fertility fell on both sides, after World War II; and they expanded more in Europe, where fertility fell further. In their model, entitlements account for roughly half of the decline in fertility, and 60 percent of the difference between European and American fertility. When a pension system expands by 10 percent of GDP, the average number of children per woman drops by 0.7 to 1.6. “These findings are highly statistically significant and fairly robust to the inclusion of other possible explanatory variables.” A 2007 paper by Isaac Ehrlich and Jinyoung Kim, also for the NBER, reached similar conclusions, finding that pension programs explained a little under half of the decline in fertility rates, and a little more than half of the decline in marriage rates, in developed countries between 1965 and 1989. One implication of this finding is that pension programs have contributed to their own financial woes by suppressing fertility.

Some researchers have concluded that other types of redistribution spending can boost fertility, though other scholars are more skeptical.

I haven’t studied this literature on subsidized babies enough to have a strong opinion.

For what it’s worth, I suspect the government can provide enough handouts to induce motherhood (heck, one of the motives for the welfare reform that was adopted during Bill Clinton’s presidency was a concern that the old system was encouraging women to have children out of wedlock).

But I’m very doubtful that such policies would fix the demographic/entitlement crisis that threatens most nations. In part, because I’m skeptical about the ability of governments to cause large shifts in fertility, but also because recreating a population pyramid only works if the additional children wind up being productive workers in the private sector.

In other words, the goal isn’t really a population pyramid as much as it’s a shift in the ratio of producers versus dependents in a nation.

As such, if many of the babies induced by handouts come from mothers that rely on welfare, and if those children are less likely to grow up to be net payers of tax rather than net consumers of tax, then baby subsidies are not going to solve the problem.

Can sex overcome America's fiscal crisis of

Supreme Court Hears Arguments On California's Prop 8 And Defense Of Marriage Act

WASHINGTON, DC – MARCH 27: Eric Breese (L) of Rochester, New York, joins fellow George Washington University students and hundreds of others to rally outside the Supreme Court during oral arguments in a case challenging the Defense of Marriage Act (DOMA) March 27, 2013 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

The U.S. Supreme Court refused to rule on a controversial transgender bathroom case out of Virginia, kicking scrutiny of title IX back to the lower court. The case was brought by a Virginia transgender student back and the high court’s decision comes after President Donald J. Trump reversed prior federal policy.

The justices said Monday they have opted not to decide whether federal anti-discrimination law gives high school senior Gavin Grimm the right to use the boys’ bathroom in his Virginia school.

The case had been scheduled for argument in late March. Instead, a lower court in Virginia will be tasked with evaluating the federal law known as title IX and the extent to which it applies to transgender students.

The high court action follows the Trump administration’s recent decision to withdraw a directive issued during Barack Obama’s presidency that advised schools to allow students to use the bathroom of their chosen gender, not biological birth.

The U.S. Supreme Court refused to rule

North Korean leader Kim Jong Un (C) provides field guidance at the newly built National Space Development General Satellite Control and Command Centre in Pyongyang. (Photo: Reuters)

North Korean leader Kim Jong Un (C) provides field guidance at the newly built National Space Development General Satellite Control and Command Centre in Pyongyang. (Photo: Reuters)

North Korea has attempted 28 missile launches–including the 4 launched on Monday–and two nuclear tests just this year, alone. The latest was in response to the South’s joint military exercises with the United States.

Here’s a breakdown of North Korean missiles and their capabilities.

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The exact type of missile fired Monday is unknown, but at least 8 launches included the Musudan missile. In June of 2016, North Korea successfully fired a Musudan, which landed 250 miles away in the Sea of Japan. It followed four unchecked nuclear tests during the Obama administration, and one under the Bush administration.

The Musudan intercontinental ballistic missile, which is based on the Soviet R-27 ‘Serb’ SLBM, was launched in February. It uses a 4D10 engine propelled by unsymmetrical dimethyl hydrazine (UDMH) and nitrogen tetroxide (NTO), a mixture that is far more advanced than kerosene compounds used in the Scud and No Dong. This allows the Musudan to travel a greater range (4,000 kilometers) without enlarging the missile. It can be fired from a concealed road-mobile vehicle.

North Korea Ballistic Missile Map

The Taepodong 2 is a three stage, liquid-fueled, weaponized version of the Unha-3 capable of traveling an estimated range of 10,000 km with a 1,000 kg payload. On December 12, 2012, North Korea successfully used it to put a satellite, the Kwamongsong-3, into orbit. U.S. defense officials say the satellite is tumbling, but that’s irrelevant to future events. On February 7, 2016, the Taepodong 2 successfully put the Kwamongsong-4 into a sun-synchronous orbit.

After a short period of tumbling, the satellite appears to have stabilized.

While North Korea has also made significant progress with its own ballistic missile research and development, recent testimony at a congressional hearing on the “ballistic axis” from Tal Inbar of Israel’s Fisher Institute for Air and Space Strategic Studies revealed evidence Pyongyang has been acquiring missile technology from Iran.

“So not only is Iran thumbing its nose at the Iranian nuclear deal negotiated by the Obama administration by openly and routinely testing ballistic missiles, it is sharing this technology with the unstable regime of North Korea, which just so happens to be routinely threatening the United States with nuclear destruction,” security expert and journalist L. Todd wrote back in April of last year.

“The analyst stressed that North Korean advances in missile technology were also being shared back with the Islamic Republic,” Mr. Wood added.

A solid rocket engine tested back in March by North Korea–believed to be the new medium- to intermediate-range ballistic missile, dubbed the Pukkuksong-2–was built with technology acquired from Iran, according to the Fisher Institute for Air and Space Strategic Studies.

Pyongyang attempted 28 missile launches and two

North Korean leader Kim Jong Un (C) provides field guidance at the newly built National Space Development General Satellite Control and Command Centre in Pyongyang. (Photo: Reuters)

North Korean leader Kim Jong Un (C) provides field guidance at the newly built National Space Development General Satellite Control and Command Centre in Pyongyang. (Photo: Reuters)

South Korea claimed North Korea fired four banned ballistic missiles on Monday morning in response to the South’s joint military exercises with the United States. They flew between roughly 620 miles (appx. 1,000 km) into the ocean off its east coast before landing in the water.

The latest test by the North follows several others in recent months, including a new intermediate-range missile in February.

Japanese Prime Minister Shinzo Abe said Monday that these tests by North Korea has become “a new kind of threat.” Japanese officials said three of the four missiles landed in the 200-nautical-mile offshore area, where Tokyo has sovereign rights for exploring and exploiting resources.

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It wasn’t immediately clear which type of ballistic missile or missiles were launched, but Pyongyang has in its arsenal the capability to reach 10,000 kilometers.

north-korean-missile-launch

North Korean Missile Capabilities

The North and South remain in a technical state of war. The 1950-53 Korean War ended with an armistice, not a peace treaty. The U.S. and South Korea say the military drills on the Korean Peninsula are defensive in nature and routine.

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South Korea claimed North Korea fired multiple

Japanese Prime Minister Shinzō Abe, left, looks on as U.S. President Donald J. Trump, right, speaks during a joint press conference at the White House in Washington, U.S., February 10, 2017.

Japanese Prime Minister Shinzō Abe, left, looks on as U.S. President Donald J. Trump, right, speaks during a joint press conference at the White House in Washington, U.S., February 10, 2017.

When I warn about the fiscal and economic consequences of America’s poorly designed entitlement programs (as well as the impact of demographic changes), I regularly suggest that the United States is on a path to become Greece.

Because of Greece’s horrible economy, this link has obvious rhetorical appeal.

But there’s another nation that may be a more accurate “role model” of America’s future. This other country, like the United States, is big, relatively rich, and has its own currency.

For these and other reasons, in an article for The Hill, I suggest that Japan is the nation that may offer the most relevant warning signs. I explain first that Japan shows the failure of Keynesian economics.

…ever since a property bubble burst in the late 1980s, Japan’s economy has been in the doldrums, and its politicians deserve much of the blame. They’ve engaged in repeated binges of so-called Keynesian stimulus. But running up the national credit card hasn’t worked any better in Japan than it did for President Barack Obama. Instead of economic rejuvenation, Japan is now saddled with record levels of debt.

In other words, Japan already is a basket case and may be the next Greece. And all this foolish policy has been cheered on by the IMF.

I then highlight how Japan shows why a value-added tax is a huge mistake.

Japan’s politicians also decided to impose a value-added tax (VAT) on the nation. As so often happens when a VAT gets adopted, it turns into a money machine, as legislators start ratcheting the rate higher and higher. That happened in Europe back in the 1960s and 1970s, and it’s happening in Japan today.

And regular readers know my paranoid fear of the VAT taking hold in the United States.

But here’s the main lesson in the column.

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The combination of demographic changes and redistribution programs is a recipe for fiscal crisis.

…the biggest economic threat to the country is the way Japan’s welfare state interacts with demographic changes. It’s not that the welfare state is enormous, particularly compared with European nations, but the system is becoming an ever-increasing burden because the Japanese people are living longer and having fewer children. …America faces some of the same problems. …if we don’t reform our entitlement programs, it’s just a matter of time before we also have a fiscal crisis.

To be sure, as I note in the article, Japan’s demographic outlook is worse. And that nation’s hostility to any immigration (even from high-skilled people) means that Japan can’t compensate (as America has to some degree) for low birth rates by expanding its population.

Indeed, the demographic situation in Japan is so grim that social scientists have actually estimated the date on which the Japanese people become extinct.

Mark August 16, 3766 on your calendar. According to…researchers at Tohoku University, that’s the date Japan’s population will dwindle to one. For 25 years, the country has had falling fertility rates, coinciding with widespread aging. The worrisome trend has now reached a critical mass known as a “demographic time bomb.” When that happens, a vicious cycle of low spending and low fertility can cause entire generations to shrink — or disappear completely.

Though I guess none of us will know whether this prediction is true unless we live another 1750 years. But it doesn’t matter if the estimate is perfect. Japan’s demographic outlook is very grim.

By the way, the problem of aging populations and misguided entitlements exists in almost every developed nation.

But I mentioned in the article for The Hill that there are two exceptions. Hong Kong and Singapore have extremely low birthrates and aging populations. But neither jurisdiction faces a fiscal crisis for the simple reason that people largely are responsible for saving for their own retirement.

And that, of course, is the main lesson. The United States desperately needs genuine entitlement reform. While I’m not overflowing with optimism about Trump’s view on these issues, hope springs eternal.

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Japan offers the U.S. the most relevant

President Donald J. Trump speaks on the phone with Mexican President Enrique Peña Nieto on Jan. 27, 2017.

President Donald J. Trump speaks on the phone with Mexican President Enrique Peña Nieto on Jan. 27, 2017.

The White House has asked the U.S. Congress to investigate whether the Obama administration abused its executive “investigative authority” during the 2016 campaign. President Donald J. Trump accused his predecessor of using an ongoing probe into Russia’s influence on the presidential election as a ploy to wiretap phones in Trump Tower.

A spokesman for Mr. Obama denied he specifically ordered a wiretap on “any U.S. citizen,” but his statement made omissions, parsed words and raised more questions.

“A cardinal rule of the Obama administration was that no White House official ever interfered with any independent investigation led by the Department of Justice,” Kevin Lewis, a spokesman for the former president said in a statement. “As part of that practice, neither President Obama nor any White House official ever ordered surveillance on any U.S. citizen. Any suggestion otherwise is simply false.”

President Trump took to Twitter on Saturday to level the charges, which have been floating around for tweets.

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As People’s Pundit Daily previously reported, sources say the wiretap that picked up on the conversation between Lt. Gen. Michael Flynn and Russian Ambassador Sergey Kislyak during the presidential transition was one of several surrounding the then-president-elect and members of his transition team.

Federal law prohibits the government from listening in on the conversations of a private U.S. citizen without a warrant, which sources–and now the president–say the Obama administration tried to get and failed before finding a more favorable judge.

The wiretap did not reveal any criminal wrongdoing on behalf of President Trump, his surrogates or members of his transition team.

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The White House has asked the U.S.

People's Pundit Daily
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