John Stossel
Flooded in Debt: Rand Paul’s Fight To Fix Federal Flood Insurance
From Stossel TV
NOTE: This is a US based program.
Federal flood insurance is a disaster!
As I reported years ago, Federal Flood Insurance encourages idiots like me to do foolish things like building a house on the edge of the Atlantic Ocean. It was a risky place to build, but I did it anyway because government guaranteed my investment. Eventually, my whole house was destroyed, but I didn’t lose a penny. Thanks!
But it’s wrong that you paid for my risk-taking, and it’s good that finally, one senator, Rand Paul, wants to limit this handout. He points out, that there’s no limit on how many times your government will give away your money. “One house in Virginia, they’ve rebuilt the house 41 times,” explains Paul. 41 times!
Federal flood insurance is like buying drunk drivers new cars. It’s not government’s job to protect people from the risks we choose to take. We should get rid of federal flood insurance and all subsidies that encourage people like me to build in risky places.
After 40+ years of reporting, I now understand the importance of limited government and personal freedom.
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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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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe
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From StosselTV
Elon Musk and his Department of Government Efficiency (DOGE) are here – but will they be able to fix our budget crisis?
Our government is $36 trillion in debt, yet it keeps wasting money on absurd projects like $118,000 to study if metal fingers can snap (spoiler alert: they can’t) and $700,000 to research parrot mating habits. It also spends more than a TRILLION in subsidies to state and local governments. Meanwhile, Washington sits on 300,000 buildings, many of which are unused, and land worth TRILLIONS of dollars. Yet instead of selling, it keeps buying more.
Chris Edwards of the Cato Institute says the first thing DOGE should cut are the subsidies to state and local governments. Then, they should slash the $180 billion a year spent in subsidies for corporations. But even if Musk’s new DOGE eliminates these expenses, the real culprits (Medicare and Social Security) are off limits.
So will DOGE be enough? Our new video above takes a look.
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.
—————————
To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe —————————
Business
The ESG Collapse: Al Gore, Intel, BlackRock, and the Failed Promise of “Sustainable” Investing
From StosselTV
For years, investment firms pressured companies to hire people of certain races and genders, and pushed “sustainability.” That has hurt returns.
Investments that claim to be “sustainable” have been underperforming. It’s because companies that embrace “ESG” woke investing end up prioritizing politics over innovation.
Intel, once a leader in the tech world, wasted millions on ESG goals. Now, it lags behind its competitors. Its stock is down more than 70%. “You have a company that’s absolutely failing!” Says Matt Cole, CEO of Strive investment managing.
Even BlackRock, which led the “ESG” push, now backs away from ESG investments. “What you’re seeing today,” says Cole, “is ESG funds shuttering at record speed.”
Our new video explains why.
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To get our new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe —————————
Riots and hijackings — why ICE cuffs and shackles some deportees
The Mother of All Frauds?
Mark Carney admits he is an ‘elitist’ and ‘globalist’ but claims that is what Canada needs
Elon reveals millions of people in Social Security database between the ages of 100-159
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