Yesterday Japan, today South Korea, tomorrow China. U.S. Secretary of State Rex Tillerson arrived at Osan Air Base in South Korea to begin his day of official discussions and meetings with South Korean leaders, diplomats and policy makers.
The topic of North Korean aggression was the central topic of discussion and T-Rex pulled no diplomatic punches when he stated the U.S. policy of strategic patience with North Korea has come to an end.

That remark stands as a direct announcement of a change in policy position toward North Korea. “Strategic Patience” was the policy of Secretary Clinton and President Obama that yielded no benefit as North Korea continued testing nuclear weapons and ballistic missiles throughout president Obama’s terms in office.
President Trump and Secretary Tillerson are taking a different path to shut down the hostilities and aggressions of the North Korean regime. We can anticipate Tillerson to forcefully deliver a message of expectation to China tomorrow. Expectation that China will step in and become more forceful in controlling the N. Korean provocations.
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President Donald Trump, Vice-President Mike Pence and VA Secretary David Shulkin meet today with veterans to discuss ongoing VA programs including healthcare and veterans support initiatives.
The purpose of today’s meeting was to listen to the ongoing concerns, understand the proposals being implemented, and further recommit to institutional reform and improved standards of care for veterans.

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The modern fight for fiscal responsibility has been going on for over two decades.  However, after George W. Bush began spending us into oblivion the urgency increased rapidly; culminating in the uprising in 2008/2009 known as the Tea Party.
The past decade brought us: Bank-Bailouts(TARP,) Auto-Bailouts, Stimulus (ARRA) spending, Omnibus spending, Porkulous bills, Debt Ceiling increases, Continuing Resolutions, the FED buying debt (QE1, QE2), and beyond.

Finally, frustratingly, exhaustively… we arrive in 2017 and for the first time in modern presidential history we have a president proposing to curb the size, scope, scale and cost of government.
The Washington DC UniParty will fight back hard against any curtailment, so here’s some perspective for the upcoming battle:

• The last federal budget was signed into law in September 2007, for fiscal year 2008, by George W. Bush.
• It has been over a decade since the Federal Government operated with a budgetary law guiding spending.
• Because of the two previous points – Over two-thirds of Republican representatives, and over 50% of all reps in the House and Senate, have never held office during a year with a federal budget.
• Let that sink in.

Here’s the top-line overview of President Trump’s budget proposal by department: (more…)

Earlier today President Trump, Vice-President Pence, and a host of congressional politicians and diplomats participated in a luncheon to celebrate St. Patricks Day.
President Trump remarks are below.  [A video of the full event to include all speakers is below the fold]

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AMERICA FIRST

Beginning a New Chapter of American Greatness

A MESSAGE TO THE CONGRESS OF THE UNITED STATES: The American people elected me to fight for their priorities in Washington, D.C. and deliver on my promise to protect our Nation.
I fully intend to keep that promise.
One of the most important ways the Federal Government sets priorities is through the Budget of the United States. Accordingly, I submit to the Congress this Budget Blueprint to reprioritize Federal spending so that it advances the safety and security of the American people.
Our aim is to meet the simple, but crucial demand of our citizens—a Government that puts the needs of its own people first.
When we do that, we will set free the dreams of every American, and we will begin a new chapter of American greatness. A budget that puts America first must make the safety of our people its number one priority— because without safety, there can be no prosperity.
That is why I have instructed my Budget Director, Mick Mulvaney, to craft a budget that emphasizes national security and public safety. That work is reflected in this Budget Blueprint. (more…)

Secretary of State Rex Tillerson met with Japan Minister for Foreign Affairs, Fumio Kishida, at the Ikura Guest House in Tokyo, Japan. The visit included a joint press conference. The first video below is edited down to present Secretary Tillerson’s statement as well as his answers to a few questions.
With all the challenges facing Asia: North Korea missile tests, China expansion into the S-China Sea etc., the ugly American press corps never fails to deliver the reality of their self-absorption. [04:35] The extremely predictable journalists within the State Department Correspondents Association (SDCA) ask Tillerson about State Department budget cuts; that’s what they are worried about.

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It’s really interesting to read the financial presentation of Reuters in their article outlining the Fed, Chair Janet Yellen, decision to raise interest rates a quarter point (.25).  Keep in mind that Reuters traditionally slants left (globally) on all economic presentations.
Those Treepers who have followed our economic analysis will note the disparity between Yellen’s justification and the inconsequential impact therein.   The Stock Market never even flinched today.  Part of the reason is the disconnected (traditional) view of economics within the current Yellen justifications.  It ain’t just us who sees this “new dimension“.

Emphasis in citations are all mine.

(Reuters) The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank’s target.
The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent marked one of the Fed’s most convincing steps yet in the effort to return monetary policy to a more normal footing.

{define “normal”}
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For those who are economic and trade policy junkies, President Trump’s key pick for U.S. Trade Representative, Robert Lighthizer, testified today at his Senate Confirmation Hearing.  To skip the legislative posturing {gag} forward the video to 33:00:

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Mr. Lighthizer, 69, worked for decades as a trade lawyer, representing clients including U.S. Steel Corp.  Historically, he has been critical of U.S. officials who supported China’s entry into the World Trade Organization in 2001, and argued the move worsened America’s trade deficit and hollowed out our manufacturing sector.
Two decades of actual, and quantifiable, results later shows Lighthizer was absolutely 100% correct in his criticisms and predictions.  Ultimately this is why the Globalists within the Democrat machine want to keep Lighthizer out of office.  Mr. Lighthizer will forget more about trade deals than the next closest person could ever know. (more…)

Earlier today President Trump met with his cabinet members and outlined the administrations’ expectation they immediately conduct a wholesale review of each department in order to lower costs, shrink the size of their departments and utilize their leadership and executive skills to remove cost redundancy with extreme urgency.

To accomplish this goal, President Trump signed an Executive Order initiating an immediate reorganization of the executive branch –SEE HERE–   Including the elimination of “unnecessary agencies” as identified in the review.

Section 1.  Purpose.  This order is intended to improve the efficiency, effectiveness, and accountability of the executive branch by directing the Director of the Office of Management and Budget (Director) to propose a plan to reorganize governmental functions and eliminate unnecessary agencies (as defined in section 551(1) of title 5, United States Code), components of agencies, and agency programs.

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[Transcript] 3:07 P.M. EDT – THE PRESIDENT:  Hello, everybody.  I’m proud to welcome everyone to our first official Cabinet meeting. (more…)

Any analysis of the current CBO projections for the Price/Ryan Healthcare proposal should keep in mind the original number of “uninsured” during the 2009/2010 debate over ObamaCare was 30 million.
The entire premise for ObamaCare in 2009 and 2010, as espoused by the people selling the need, was to cover those 30 million uninsured.
With that in mind, the fact that CBO projects uninsured coverage of 28 million in 2026 if no changes are made to ObamaCare – means that seven years of healthcare chaos have resulted in coverage for only 2 million people.
Let that sink in.
Seven years of explosive costs, loss in coverage, collapsing plans, lost doctors, and all of the accompanying crisis have yielded a net insurance coverage for only 2 million people.

Here’s a Link to the Actual CBO Report
Here’s the CBO report as delivered by Reuters – Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare, the nonpartisan U.S. Congressional Budget Office said on Monday in a report that dealt a potential setback to President Donald Trump’s first major legislative initiative. (more…)