Showing posts with label Taxes 2023. Show all posts
Showing posts with label Taxes 2023. Show all posts
Saturday, December 23, 2023

While everyone watched Hunter Biden grandstand on Dec 14th, the woman at the center of the allegations that the Merrick Garland DOJ slow-walked and obstructed the investigation against the Bidens, Lesley Wolf, did exactly that to Congress

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Look! Over there! A deer! And Congressman Eric Swalwell is with him! Lesley Wolf, prosecutor accused of working to 'limit' questions...
Monday, December 18, 2023

Thanks to Biden's so-called Inflation Reduction Act, the Japs are buying U.S. Steel for $14.9 billion

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 U.S. Steel also supplies to the renewable energy industry and stands to benefit from the Inflation Reduction Act (IRA), which provides tax ...
Wednesday, November 29, 2023

Inflation remains very, very profitable for corporations and federal government spendthrifts, at your expense

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Monday, October 23, 2023

US Treasury yields making new highs for this cycle as of Oct 19, 2023

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Massive Treasury issuance to pay for massive pandemic spending has driven yields higher.   It's the law of supply and demand: Increase t...

US pandemic debt orgy described as fiscal slippage lol

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It's so indicative of our degeneracy how economic profligacy must not be described that way in this day and age where anything and every...
Saturday, September 30, 2023

Friday night news dump: IRS contractor Charles Littlejohn, 38, charged with leaking tax records in New York Times and ProPublica incidents in 2018 and 2020

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  Littlejohn, 38, provided the public official’s tax documents to an unnamed news organization, and the tax information concerning other w...
Wednesday, September 27, 2023

It turns out that former S&P Sovereign Ratings Committee Chair John B. Chambers, who presided over the AAA downgrade in 2011, is a partisan wackadoodle

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  Here commenting about today: “The external position is about the same, but I think the governance has weakened and the fractiousness of ...
Friday, August 4, 2023

The US debt downgrades of 2011 and 2023 have one thing in common: Nancy Pelosi's record of the four most fiscally irresponsible years in the post-war

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Nancy Pelosi owns the record for the four most fiscally irresponsible years in the post-war, spending 316% of tax receipts in 2020, 276% in ...
Friday, July 14, 2023

The national debt is up $1.06 trillion since May 31, 2023

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 To $32.518 trillion on July 12th. It was $23.171 trillion on January 2, 2020, $9.347 trillion ago. InflAtIOn Is sO OvEr.
Thursday, June 15, 2023

Congress went on a spending orgy since 2019 adding $8.77 trillion to the national debt and dimwits blame the Fed for being unable to control inflation

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 Inflation is always and everywhere a monetary phenomenon. Blame yourselves. You elected them.   The chief penalty is to be governed by some...
Sunday, June 11, 2023

Lolbertarian says the worst possible thing which could happen to the economy (i.e. "to me") is higher future taxes

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More self-absorbed than your average tranny. Scott Sumner, here : The consequence of the reckless fiscal policy will not be a financial cris...
Saturday, June 10, 2023

The national debt is up $457 billion since May 31st

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Friday, June 2, 2023

Debt ceiling compromise clears the US Senate 63-36, Republican Senators extract pledge from Chucky Schumer for more defense spending which amounts to a pig in a poke so 31 vote against it anyway

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Hello, all spending bills must originate in the House. Some Senate Republicans are pretending you don't know that. What a joke.   CNBC :...
Wednesday, May 31, 2023

The US House passed the debt ceiling compromise 314-117 this evening

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  Seventy-one Republicans and 46 Democrats voted against the bill in the House — mostly liberals and conservatives protesting specific pro...
Tuesday, May 30, 2023

Thomas Massie of Kentucky voted for the rule advancing the debt ceiling compromise to the House floor because the compromise contains the Penny Plan and a return to regular order

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 The Penny Plan would be triggered in the event 12 appropriations bills are not passed by Jan. 1 annually, automatically reducing spending 1...

The debt ceiling compromise freezes spending in the next fiscal year about $400 billion too high, and does nothing to pay for the $4.9 trillion added to the debt over and above "normal" deficit spending

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The Washington Examiner, here : In exchange for a two-year hike in the federal borrowing limit, the legislation roughly freezes next year...
Monday, May 29, 2023

The lie of the day comes from Reuters via CNBC

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... the national debt, which at $31.4 trillion is roughly equal to the annual output of the economy.   More .   1Q2023 GDP, 2nd estimate: No...

LOL, National Review reports AOC expels protesters at her own townhall in Queens, characteristically buried on the Friday night of the summer's first big holiday weekend to minimize such things

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  ‘American Citizens before Migrants’: Protesters Heckle AOC at NYC Town Hall Brittany Bernstein May 27, 2023 11:06 AM Representative Alexan...
Tuesday, May 2, 2023

As usual the media and the Democrats, but I repeat myself, are portraying the House Republican bill which lifts the debt ceiling by $1.5 trillion as a bill with "big spending cuts"

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This is how NPR, who else?, frames the issue from the beginning: The House of Representatives has narrowly approved a Republican bill to ra...
Saturday, April 29, 2023

Biden's doing the same thing as Obama in making the 2020 crisis spending the baseline for his future spending proposals

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 Obama did it in 2009 and Republicans acquiesced, running trillion dollar plus deficits for four straight years until Republicans enforced s...