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- I Owned Bitcoin For a Weekend and Here's What I Learned
- SEC Appoints New Chair and Board Members to PCAOB
- FINRA, Georgetown Team Up to Deliver 'Certified Regulatory and Compliance Professional' Program
- FINRA Board Meeting - This Week's Agenda
- Statement on Cryptocurrencies and Initial Coin Offerings - SEC Chair Clayton
- Company Halts Initial Coin Offering Over SEC Registration Concerns
- Kevin O'Leary Explains One Big Thing People Don't Understand About Bitcoin (But Need To)
- CME Bitcoin Futures: A Better Way to Buy (or Short) Bitcoin?
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
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NEWSLETTERS & ALERTS
Donald Trump & Co.
Beware: Trump Proposes Low Budget Request for Mexico Border Wall
[Image: Cowboy Posse, by William H D Koerner / American Gallery]
by Howard Haykin
So, Donald Trump’s proposed budget is out for viewing, and he’s asking $1.6 billion to begin building a wall along the border with Mexico – significantly less than the amount needed to complete a project that few politicians, Democrat or Republican, want. Should we take this as a positive sign? No. An emphatic No!
While Trump continues with his campaign rhetoric that he’ll find a way for Mexico to repay the U.S. for construction of the wall, some Republican leaders in Congress have said he first needs to demonstrate broader support for this “big, beautiful wall.” Members of the House Freedom Caucus said earlier this year that Trump would have to show how he would offset the cost of a wall. Democrats flatly oppose the proposed wall.
If Trump's budget request is passed, enabling him to cover nearly 10% of the estimated total cost of a border wall, rest assured that Donald Trump will exert every last ounce of energy chipping away at opposition - as he incrementally obtains the needed funds to complete the project that few want.
Take a cue from Ronald Reagan, who would say in his Old Wild West movies : “LET’S CUT 'EM OFF AT THE PASS!”