Thursday, February 19, 2026

Lawmakers could spare us a lot of Sturm und Drang simply by raising the full retirement age gradually from 67 to 69 and upping the payroll tax by two points, just like we did in the 1980s

 The payroll tax went from almost 10% to 12.4% between 1977 and 1990, where it has been the whole time until now (except in 2011 and 2012 under that damn fool Obama).

The full retirement age was also raised in 1983 from 65 to 67, on a schedule starting in 2000 and just concluding this year.

Time to do it again. 

AI agrees that raising the full retirement age gradually from 67 to 69, also allowing about 17-years to start the process, and immediately commencing increases to the payroll tax by 2 full points from 12.4% to 14.4% will guarantee the Social Security scheme through the end of this century.

Do it now, Congress.

This is the cleanest way. 

 



 


 

These people are as phony as the day is long


 
 

 ... But Kennedy’s MAHA coalition that supported Trump in the 2024 presidential election hates glyphosate, which has been alleged to cause cancer in myriad lawsuits. Now, the executive order threatens to unravel that coalition ahead of the 2026 midterm elections that could loosen the president’s grip on Washington. ...  

The massive trade deficits were the main reason Trump instituted his equally massive tariffs to eliminate them, but they're still here lol


 

 U.S. trade deficit totaled $901 billion in 2025, barely budging despite Trump’s tariffs

The U.S. trade deficit swelled in December, closing out a year in which the imbalance was essentially unchanged despite efforts by the Trump administration to close the wide gap.

Closing out a tumultuous year in the global marketplace, the goods and services shortfall in December totaled $70.3 billion, the Commerce Department reported Thursday. That marked an increase of $17.3 billion from November and was well above the Dow Jones consensus estimate of $55.5 billion.

For the full year, the U.S. ran a $901.5 billion deficit, down slightly from 2024 but only by 0.2%, or $2.1 billion. The total was also a bit less than the record $923.7 billion shortfall in 2022.

The report follows a year in which President Donald Trump implemented a series of aggressive tariffs aimed at leveling the global playing field. In April, Trump announced an across-the-board duty of 10% on all imports as well as so-called reciprocal tariffs aimed at specific countries that had run up surpluses against the U.S.

However, during the course of the year Trump softened many of those positions, and negotiations with major trading partners are ongoing.

In an effort to get ahead of the tariffs, companies front-loaded imports during the first three months of the year. The trend abated following the early effort, with October registering the lowest monthly deficit since 2009.

The U.S. had its largest goods deficit with the European Union, at $218.8 billion, followed by China, at $202.1 billion, and Mexico, at $196.9 billion.

Exports for 2025 totaled $3.43 trillion for all of 2025, up $199.8 billion from 2024. Imports also rose, totaling $4.33 trillion, an increase of $197.8 billion.