by Elizabeth Troutman | Mar 25, 2024 | Economy, News
By Elizabeth Troutman |
Inflation persists due to record levels of spending over the past three years, according to Rep. David Schweikert, R-Ariz., in a speech on the House floor Thursday night.
Schweikert said the total deficit spending for FY24 will be dramatically higher than both the Congressional Budget Office (CBO) and the Office of Management and Budget (OMB) initially projected if the national debt continues to increase at the current pace of over $99,000 per second.
Last May, Congressional fights over the next speaker overshadowed the greater concern, the national debt, Schweikert said.
“And think of this — in that time, we were fighting over like $16 billion,” he said. “We’re borrowing about $9 billion a day. So we’ve gone how many months, and we’ve never gotten around to actually working on the real problems because of the theatrics around here.”
As a result, the Scottsdale-Phoenix area resident said the Congressional Budget Office missed its FY24 deficit spending projection by $1 trillion.
Interest spending alone is projected to top $1 trillion this fiscal year, he said.
“When I came here a couple of months ago and said we could be heading for $1 trillion [in interest spending], I got mocked. I even saw my colleagues go, ‘Schweikert, you’ve got to stop making things up!’ Well, turns out I’m right,” he said.
“We will spend all day fighting over a few million here, which is important, and I am willing to cut these things, but we’re picking up pennies off the ground as the avalanche is crushing us,” he continued. “Because that same day we fought over those millions, we borrowed $9 billion a day when we are fighting over millions. Understand, $1 trillion has 12 zeros. Start to work your zeros and understand the scale.”
Addressing inflation, Schweikert said America is paying the price for spending money in ways that did not actually spike productivity. He said subsidizing things does not yield the most efficient and cheap way to produce them.
Schweikert advocated for a level of competition so the best, fastest product is rewarded.
“The last two months, [inflation] hasn’t been going down the way it’s supposed to,” he said. “So expect these interest rates I just showed you to continue. And if you live in my neighborhood, if you live in the Scottsdale-Phoenix area — wonderful area, absolutely incredibly beautiful this time of year. From January 2021 to two months ago, if you’re not making 23.6% more, you are poorer today than you were in January 2021.”
Making Americans less sick with new healthcare technology is one of the most powerful things we could do to lower the national debt, he said. Six weeks ago, the FDA approved the first cure to sickle cell anemia.
“Artificial intelligence is about to have a revolution in bringing cures to market dramatically faster,” Schweikert stated. “We’ve actually now had the first couple of AI drugs designed to make it through the FDA.”
Schweikert said policies can make it possible to bring new drugs to the market without costing $100 million.
“Do we think about things we could do in farm policy and nutrition policy in helping our brothers and sisters live better, healthier, more prosperous, [improve their] ability to join the labor force, maybe family formation, crushing income inequality,” he asked his fellow congress members.
Elizabeth Troutman is a reporter for AZ Free News. You can send her news tips using this link.
by Elizabeth Troutman | Mar 25, 2024 | Economy, News
By Elizabeth Troutman |
Arizona ranked fifth out of states adding the most mortgage debt between quarters three and four of 2023 according to a WalletHub survey.
WalletHub released a report Friday showing in what state homeowners are struggling the most in response to the upward trend of mortgage debt over the past few years.
The personal finance website compared the 50 states based on its proprietary data on mortgage debt from Q3 to Q4 2023.
Mortgage debt is by far the biggest category of debt for Americans, with the average household owing around $100,000. WalletHub found the total balance to be more than $12 trillion.
“Mortgage rates are the highest they’ve been in around a decade, and home prices have seen a meteoric rise in recent years as well,” WalletHub Editor John Kiernan said in a news release. “Even small increases in home prices can lead to thousands of dollars in extra mortgage interest costs for homeowners, so it’s important to choose wisely when deciding where and when to buy a house.”
The average mortgage balance in Arizona increased by 0.068% from Q3 to Q4 2023, and the average mortgage balance was more than a quarter of a million in Q4 2023.
The Grand Canyon state’s average monthly payment for mortgages in Q4 2023 was $1,751.
The states ahead of Arizona for adding the most mortgage debt included Maryland, Nevada, Hawaii, and Texas. The states with the smallest increases to mortgage debts were Wyoming, Delaware, and Vermont.
Elizabeth Troutman is a reporter for AZ Free News. You can send her news tips using this link.
by Daniel Stefanski | Mar 24, 2024 | News
By Daniel Stefanski |
Maricopa County’s top prosecutor is cracking down on a foreign group committing home burglaries across the Valley.
Earlier this week, Maricopa County Attorney Rachel Mitchell announced “new charges against a group of thieves targeting homes in Phoenix and Scottsdale.” Mitchell’s office shared that “the defendants are thought to be part of the South American Theft Group, a ring of thieves who hire Chilean nationals to come to the United States and – after obtaining false identification – operate as ‘crime tourists’ who plan and execute burglaries here and nationwide.”
Three defendants were arrested in Scottsdale this month, and another three were arrested in Phoenix last month.
In a statement, Mitchell said, “The Scottsdale and Phoenix Police Departments have done some amazing work to find these criminals and arrest them. The job of my office is to hold them accountable. This is not a phenomenon limited to Maricopa County – these organized groups are stealing from families across the nation. I will not allow them to become entrenched here and pose a further threat to our neighbors.”
According to the Maricopa County Attorney’s Office (MCAO), “The South American Theft Groups are made up of people who travel from South America specifically to target homes and families in the U.S. The federal government’s tourist visa program allows them to fly into the United States without a background check. Once they’ve entered our county, they immediately obtain fake I.D. They travel to cities across the nation – including in Maricopa County – and steal millions in untraceable items.”
The Scottsdale Police Department announced the apprehensions on March 11.
The MCAO reports that “there have been over 100 similar types of burglaries valley wide since November 2023” – of which, 35 have victimized the city of Scottsdale. The Office also revealed that “one defendant admitted to being in the U.S. on a tourist visa and had already been a part of burglaries in California, Nevada, and Arizona.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Staff Reporter | Mar 23, 2024 | News
By Staff Reporter |
Public records revealed that Maricopa County Recorder Stephen Richer tasked staff with compiling articles and online content pertaining to his personal defamation lawsuit against Kari Lake — Senate candidate and 2022 gubernatorial candidate — as well as topics of personal political interest.
Richer also tasked staff with printing his favorite articles and pieces of online content from these lengthy daily news compilations and organizing them in a binder. Richer admitted in one email obtained by public records that this daily content gathering assignment took a “significant amount of time” for staff to put together.
Richer filed his defamation lawsuit last June against Lake over her claims of him improperly administering the 2022 election. Lake has unsuccessfully petitioned to dismiss his lawsuit; her petition was denied earlier this month.
The county recorder’s staff weren’t just tasked with tracking online chatter about Richer’s personal lawsuit.
Records reveal that Richer has regularly tasked staff with tracking a wide variety of media reports and other online content on topics of personal political interest to Richer, unrelated to the statutory duties of the recorder’s office. This included coverage of other elected officials in Arizona and across the nation; the political landscape for the 2024 election; the indictments against former President Donald Trump; developments in social media; and updates on various public policies.
Some news and online content gathered by staff touched on legal challenges to free speech.
That prompted AZ Free News to ask Richer about the greater nature and purpose of his content gathering assignments, including whether the gathered content inspired, informed, or guided his defamation lawsuit, and why staff hours were dedicated to finding content unrelated to the duties of the recorder’s office.
In response to our questions, a spokesperson defended Richer’s content gathering tasks as consistent with the administration of his predecessors.
“Providing leadership with news clips relating to the office and regarding current events is a standard practice. It has been a practice of this office for the past three years and it was originally implemented by staff from former Senator McSally’s office, where it was a standard practice, who joined the Recorder’s Office in January 2021,” stated the spokesperson. “Recorder Richer values news and being aware of developments within our state and relating to our statutory responsibilities.”
Richer’s office didn’t respond to a repeat of questions left unanswered by their statement: what bearing the content gathered had on Richer’s personal defamation lawsuit leading up to it, and why the recorder tasked staff with compiling news coverage of his personal defamation lawsuit as well as topics of personal political interest unrelated to the recorder’s office.
Richer roping the recorder’s office in on his personal defamation case appears to be related to his interest in securing greater restrictions on free speech. Other emails obtained from public records reflected how Richer began to signal concern over the impacts of free speech on his office in the aftermath of the 2020 election.
In September 2021, the recorder drafted a proposal for greater restrictions on free speech in an unpublished op-ed pitched to The National Review.
Richer argued that free speech restrictions should be expanded, even if the wrongs of 2020 election claims were righted through avenues such as the Dominion Voting Systems’ defamation cases against Fox News and top Trump personalities Rudy Giuliani, Sidney Powell, Patrick Byrne, and Mike Lindell.
Dominion Voting Systems effectively prevailed in their lawsuit against Fox News in 2023, amassing the largest settlement in media defamation history: over $787.5 million.
“[E]ven if Dominion wins all of these lawsuits (and certainly if it does not), it still might be time to revisit our First Amendment jurisprudence,” wrote Richer. “If we don’t, I fear that the morass of disinformation will blanket over legitimate information in all areas of public importance.”
National Review submissions editor Jack Butler rejected the piece over Richer’s proposed restrictions on free speech. Butler encouraged Richer to resubmit the op-ed, sans the call for free speech restrictions; the piece was never published.
“I think we’d still be open to a version of this argument, but that sheds the bits about reconsidering First Amendment jurisprudence,” said Butler. “Even just revising it to express hope that the Dominion lawsuits have their desired effect.”
Although National Review denied the op-ed containing the free speech reform proposal, Maricopa County Community College District (MCCCD) accepted a version Richer drafted for a speech several weeks prior containing a more direct critique of the First Amendment.
In that speech, Richer said that lies and disinformation were the greatest threat to elections and the government; because of that, the recorder characterized the Constitution, specifically the First Amendment, as a “thorn in the side” of his office.
Richer lamented that the First Amendment protects lies, to a certain degree. The Supreme Court ruled this to be the case in their 2012 decision for United States v. Alvarez which pertained to lying about military service, and their 1964 ruling in New York Times Co. v. Sullivan which pertained to deliberate lying about the government.
Certain speech presenting specific harms aren’t protected, such as defamation, fraud, false advertising, perjury, plagiarism, and threats deemed grave and imminent.
However, in that earlier version presented to MCCCD, Richer admitted hesitation to his own desire for First Amendment reforms.
“Yes, I think it’s possible that our First Amendment jurisprudence needs to change,” said Richer. “But I’m hesitant to disrupt something that has served this country so well for so long.”
AZ Free News is your #1 source for Arizona news and politics. You can send us news tips using this link.
by Daniel Stefanski | Mar 23, 2024 | News
By Daniel Stefanski |
A bill to address Arizona’s homelessness crisis is advancing through the state legislature.
On Monday, the Arizona House of Representatives passed HB 2782, which would “establish a new Homeless Shelter and Services Fund, create new criminal violations involving drugs in homeless service zones, [and] transfer $5,500,000 from the FY 2024 Housing Trust Fund deposit and $50,000,000 from the Consumer Remediation Subaccount” – according to the overview provided by the chamber.
The bill, which was sponsored by State Representative Matthew Gress, was approved along party lines, with a vote of 31-28 (with one member not voting).
Gress, a Republican, wrote, “Arizona’s homelessness crisis is among the worst in the country. Between 2013-2023, total homelessness has skyrocketed nearly 300%. Our voters want us to take decisive action, and it doesn’t involve building our way out of this challenge. We must fund adequate treatment for addiction and mental health, establish greater accountability for our providers and individuals living in the streets, and allow law enforcement to do their job and arrest people who break the law. HB 2782 advances all of these priorities.”
The second-year lawmaker encouraged bipartisan cooperation on his proposal, stating, “I thank my Arizona House Republican colleagues for their support in passing this legislation and welcome House and Senate Democrats to take another look at this bill.”
The Cicero Institute responded to the positive action from the Arizona House on the bill, posting, “Thanks to the leadership of Matthew Gress, HB 2782 passed the Arizona house today. This legislation will do immense good in helping reduce homelessness and getting individuals the assistance they need for substance abuse and mental health challenges.”
The legislation received a green light from the House Committee on Appropriations last month with a 9-7 partisan vote. One member was absent.
When HB 2782 was being considered in committee, the Arizona House Democrats Caucus’ “X” account attacked the bill, writing, “Rep. Matt Gress’s NIMBY bill to make homelessness in Arizona worse in now up in Appropriations. HB 2782 criminalizes homelessness and ties the hands of cities using successful solutions like providing hotel rooms for families transitioning from the streets.”
In that committee hearing, Democrat State Representative Judy Schwiebert blasted Gress’ efforts, saying, “I’m really disappointed to see this grandstanding by the sponsor. It doesn’t provide real solutions.”
Republican State Representatives Selina Bliss, Lupe Diaz, David Livingston, and Julie Willoughby joined as co-sponsors on the bill.
On the Arizona Legislature’s Request to Speak system, representatives from QuikTrip and Cicero Action support the bill. Representatives from Living United for Change in Arizona, Native American Connections, Arizona Coalition to End Sexual and Domestic Violence, Chicanos Por La Causa Inc., American Civil Liberties Union of Arizona, Arizona Public Health Association, Phoenix Community Alliance, The Arizona Center for Economic Progress, Arizona Housing Coalition, National Association of Social Workers – Arizona Chamber, Planned Parenthood Advocates of Arizona, League of Arizona Cities & Towns, and Vitalyst Health Foundation opposed the legislation.
HB 2782 now heads to the Arizona Senate for consideration.
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Daniel Stefanski | Mar 22, 2024 | News
By Daniel Stefanski |
Arizona’s Democrat Governor and Republican legislators are engaged in an escalating political battle over the future of the state’s groundwater.
Last week, Arizona Governor Katie Hobbs took aim at a Republican-led solution to the state’s groundwater supply. Speaking at a conference in Tucson, Hobbs said, “I’m willing to work with any sponsors to pass legislation that’s real, effective and protects water supplies in rural areas. But should the bill remain unchanged it will not get my signature. The bill will silence rural communities and create a convoluted process that will make it nearly impossible for our communities to manage groundwater. It leaves us with the status quo where out of state corporate farmers come from around the world to take advantage of our aquifers, and small communities have their water pumped from beneath them. This is beyond unacceptable.”
The bill Hobbs attacked was SB 1221, which is sponsored by Senator Sine Kerr. The proposal would “establish a process for the designation of a basin management area (BMA) and an active BMA in any location not included in an active management area (AMA), to be initiated by petition to the Director of the Arizona Department of Water Resources, [and] outlines the goals of an active BMA, active BMA council makeup, rights to water, reporting requirements, and requirements for the continuation or termination of an active BMA” – according to the purpose provided by the Senate.
Senator Kerr responded to the Governor’s remarks, writing, “From the start, I’ve been proactive in spearheading meetings for collaboration from the Governor and her office on SB 1221, which would safeguard Arizona’s groundwater resources for generations to come. My goal has and will continue to be to reach a compromise on a solution that won’t hurt rural Arizonans’ livelihoods, their local economies, or their groundwater supply. Yet this week, Hobbs said she would veto the bill and recklessly called it a convoluted process that won’t protect our groundwater. That comment is merely a red herring meant to justify her proposal of big government overreach to regulate groundwater.”
At the conference, Governor Hobbs expressed an interest in working across the aisle to reach a compromise on the vital issue for her state. She said, “We in the state have many shared values: the desire to protect rural Arizona, protect rural water users and slow unmitigated depletion of our rural aquifers. We can and must find common ground to find a solution that works and puts politics aside.”
Kerr, who is the Senate’s Majority Whip and the Chair of the Committee on Natural Resources, clearly did not think that a Hobbs-endorsed proposal would meet the expectations or needs of her constituents and other stakeholders around the state. She added, “Energy and Water Rural Arizonans know what will and won’t benefit their local economies. I wholeheartedly support this proposal because I’ve listened and met with farmers, ranchers, and every other person, industry and organization across AZ who felt they were being alienated from the conversation. I believe in true collaboration, and will continue to work to reach a solution.”
This week, the Arizona House Committee on Natural Resources, Energy & Water considered the legislation and gave the bill its stamp of approval with a 6-4 party-line vote. Republican State Representative Austin Smith said, “The government picking winners and losers is bad policy. Rural Arizona in my district and across the state are facing the brunt of Hobbs draconian water restrictions. SB 1221 provides the tools necessary for everyone to be treated fairly. Thank you Senator Sine Kerr.”
House Democrats on the committee echoed the governor’s thinking on the featured bill before their panel, calling for another bipartisan piece of legislation to address their collective concerns.
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
