Adjusted for inflation from 1995, the average mortgage payment in 2025 was 37% higher than it might have been

 

 In June 1995 the average mortgage payment in the United States was roughly $773.

Adjusted for inflation to June 2025 that's $1,635.

The actual average mortgage payment in 2025 was about $2,235.

Bill Clinton teeming up with Republicans in 1997 to turn our homes into mere commodities has really worked out great, hasn't it?

Especially for young people. 

The median age of a first time home buyer in 1995 was 29. 

In 2025 it's 39.

But your GOP-controlled U.S. Senate couldn't care less.

It stayed up late last night to scheme for more money for ICE even though ICE is completely incompetent to deport illegal aliens, but it never stays up to solve the most pressing problems of America's younger generations.

The blindness is mind-boggling.

A liberal who hates filing his very complicated taxes wants our payrolls run through the government, our incomes tracked, and our taxes automatically deducted

 Yeah, that'll be popular.

 Tax Day Could Be a Breeze 

... Some years ago, I traveled to the Faroe Islands, an autonomous territory of Denmark, to report on their tax authority, which is arguably the best in the world. There, all normal wages are routed through a central government database, which automatically keeps track of how much you are making, and what benefit programs you are eligible for.

While this computerized system is quite sophisticated and required a lot of initial investment, it is incredibly easy to operate. For an ordinary worker, what you owe automatically comes out of the paycheck, and any benefit payments automatically go right into your bank account. Ordinary employees don’t have to file their taxes or any enrollment paperwork (if they have a child and become eligible for the Faroese child allowance, for instance, the money just starts showing up), while employers don’t have to hire a payroll processor to handle their tax payments. ... 

 

Just in time for Tax Day 2026, the Bezos Post says it's not fair to tax the richest so much, you know, people like Jeff, when the almost rich could pay so, so much more lol

But they are making my point for me nevertheless, God bless 'em.

The Rich Already Pay More Than Their Fair Share

Washington Post

 

... Consider: There were 30,382 tax filers with incomes of $10 million or more in 2023, the latest year IRS data is available. That includes all sources of income. This tiny group of people, less than 0.02 percent of all tax filers and 10,000 fewer than fit into Nationals Park, made 5.9 percent of all income — and paid 10.9 percent of all income taxes. ...

 

[Please note that in 2023 there were just 5,212 individual wage earners making more than $10 million. The other 25,000 DON'T WORK, because at these levels work is only for chumps.] 

 

The upper-middle class is where more of the less-taxed money is located. Filers with incomes between $100,000 and $500,000 make 49.7 percent of taxable income, yet they pay just 43 percent of all income taxes.

 

This fact is tremendously inconvenient for revenue-hungry politicians in a country where tens of millions of people are upper-middle class, and even more people want to become upper-middle class. Republicans promise not to raise income taxes on anyone, and Democrats promise not to raise income taxes on anyone making less than $400,000 — which is almost everyone. ...

 

 

The original $3,000 personal exemption for a single wage earner [eliminated by Trump in 2017] from the first income tax code in 1913, when the average Joe made about $800, would be $101,085.61 in March 2026. For the married filing jointly the personal exemption was $4,000, or $134,780.82 today.

 

NO ONE making up to those limits today should be paying any federal income tax. 

 

In 2023 that's about 85% of individual wage earners not paying any federal income tax. The 15% making more than 100K numbered about 28 million in 2023. Tax them.

 

Let these "rich" duke it out over who pays what, as this column suggests, and Make America Great Again.

I filed my taxes today

 

Post-Reagan GDP underperformed the immediate post-war by over 26%, Trump-era GDP underperforms it by almost 32%

Ronald Reagan didn't make America great again, and neither has Trump.

The watershed tax changes throwing away the threat of high ordinary income taxation under Reagan in 1986 and Trump in 2018 have got to go.

The country needs genuinely domestic, long-term investment to bring back economic growth. Reward that with low tax incentives and penalize everything else.

Rich people OBVIOUSLY haven't demonstrated that they know best what to do with their own money, otherwise they would have done it already.

We watched helplessly year after year, especially after 2000, as one business after another moved its production abroad seeking lower labor and regulatory costs to make themselves rich, not us.

We have to make them reverse it, because they aren't going to do it otherwise. Tax the shit out of them until they do the right thing, and keep the threat of taxes hanging over their heads to keep them doing the right thing. 

Real GDP Compound Annual Growth Rates

GDPCA 9 April 2026

1947-1984: 3.638%

1984-2017: 2.679%

2017-2025: 2.476%

 

After telling you that war is peace, get ready for the Ministry of Truth to say that the Save America Act about voter ID is a fiscal issue permitting passage under reconciliation

 In the Senate, Thune resurrects idea of reconciliation 

... Sen. Mike Lee, R-Utah, posted, “It’s hard to imagine how the SAVE America Act could be passed through reconciliation. And by ‘hard’ I mean ‘essentially impossible.’”

Lee, a member of the Budget Committee, has led the push for the chamber to debate SAVE and even pursue a so-called talking filibuster to pass the bill via a simple majority. ...

Sen. Rick Scott, R-Fla., said that “I don’t see any way that any part of the SAVE America Act [with] any teeth gets included in a reconciliation package.”

“On top of that, I think it’s very difficult to pass a reconciliation package. We don’t have big tax cuts coming. That’s really what got the last one done,” Scott said. “I think it’s going to be very difficult to get you know 50 of us to agree on something.”

Sen. Thom Tillis, R-N.C., who opposed last year’s reconciliation measure, said, “It would seem on its face, because there’s so much policy involved, that it would be difficult to do.” 

“It’s kind of interesting to see if they’re just going to be pushing maybe some of the funding that could fit within reconciliation. But I don’t know how the policy fits in there.”

Senate Appropriations Chair Susan Collins, R-Maine, who has been part of hashing out the agreement between Democrats and the White House to reopen DHS, also declined to support reconciliation, saying “I don’t think that’s a good approach.” ...

The chamber’s conservative House Freedom Caucus called the idea “gaslighting” from Senate Republican leadership. ... 

 

 

The CBO forecasted last week that we will be $64 trillion in debt by 2036

 ... In CBO’s baseline projections, whereas debt held by the public increases by $24 trillion from the end of 2026 to the end of 2036, debt held by government accounts remains relatively stable, averaging $7 trillion over the next decade. As a result, gross federal debt is also projected to rise by $24 trillion over that period, reaching $64 trillion at the end of 2036. Debt held by government accounts makes up 12 percent of that sum. ...

More (page 18).

Spending: Wei Tu Hai

Taxes: Wei Tu Lo

 

The U.S. state capitalist EV boondoggle comes to an end, shape-shifting automakers take well-deserved $50 billion hit

 

 Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts

... Following years of investments into EV technology, the Detroit Big Three ... have announced more than $50 billion in combined write-downs.

EV sales fell more than 30% in the fourth quarter, after a $7,500 federal tax credit that had juiced U.S. sales expired in September. ... 

Automakers’ retreats and massive write-downs have come as Republican lawmakers abolished a lucrative federal tax credit for EVs last fall, while also doing away with federal fuel-efficiency mandates. Even with federal support, EV demand was below expectations. ...

We're already close to the first: As of Feb 2026, the average interest rate on the U.S. National Debt is 3.4% while the compound annual rate of nominal GDP growth from 3Q2007 to 3Q2025 is only 4.3%

 One path to U.S. fiscal disaster is most alarming — and most likely

... An Everest of debt is an incentive for an inflation crisis to reduce the value of existing debt by paying lenders with debased dollars. But inflation would become baked into the expectations of investors, who would demand higher interest rates. Then R>G would bite: When interest rates paid on debt exceed the rate of economic growth, a crisis intensifies as rising interest rates depress economic growth. ... The most probable, and most ominous, outcome would be a gradual crisis. ... Nothing unsettles a middle-class nation more rapidly than inflation, a component of all of these crises. ...

American Greatness confidently tells us that the American and French revolutions had nothing whatsover to do with one another when French financial support of the American one lead to theirs

Seen here:

... The two revolutions had nothing whatsoever to do with one another ...             

They had more to do with one another than not.

Louis XVI unwisely spent literally billions of dollars he did not have supporting the American revolution. His motivation for support was revenge against Britain. Most of it was piled up as high interest debt which the rich of the French aristocracy and of the Church refused to pay but the peasantry could not. Add famine into the mix after trying to squeeze blood out of that turnip and boom.

Donald Trump is spending $75 billion we don't have to round up illegal aliens in the streets using militarized police, but he refuses to punish the employers who get rich off their labor. He got elected promising to cut food and energy costs but here we are one year later and those things still cost a fortune. 

Two Americans have been murdered in the streets by government agents.

You can see where this could go, but American Greatness can't. 

Wouldn't it just be easier to pick up the phone and tell the Treasury Department to print him $10 billion?

Trump Sues IRS Over Leaked Taxes

The wealth inequality of today's K-shaped economy goes back to the Reagan Revolution

Wealth inequality and the ‘K-shaped’ economy are more striking than ever, data shows

 

They take vacations and buy luxury goods. You struggle to pay for food, shelter, and transportation.

 

K is not OK.

 

... A key measure of wealth concentration called the Gini coefficient sits at 60-year highs, according to a report from U.S. Bank published earlier this month. ... The net worth of America’s top 1% hit a record share of nearly 32% in the third quarter of 2025, the Federal Reserve reported. By comparison, the bottom 50% cumulatively held 2.5% of overall net wealth.

 

The portion of U.S. GDP heading to workers in the form of compensation tumbled to its lowest level in its more than 75-year history, per data tracked by the Bureau of Labor Statistics. That means the average nonfarm business worker is seeing an increasingly small slice of an economy that has largely boomed over the last 15 years. ...

 

Total relative “outlays” — a broad measure of spending and nonmortgage payments — by U.S. consumers in the top 20% hit multidecade highs last year, a data analysis conducted by Moody’s Analytics found. The other 80% tumbled to new lows, the data shows. ...

 

While the “K-shape” term became popularized as an explanation for the uneven economic recovery seen during the pandemic, economists say the origins of this breakaway can be traced back decades earlier.

This type of diverging economy stems from the economic reorganization seen during the Reagan administration, according to Joe Brusuelas, chief economist at tax firm RSM. About two decades later, the structural break that created the K-shaped economy, as it’s now understood, was more clearly observed in the wake of the Global Financial Crisis of the late 2000s, he said.

That was in part due to the loss of wealth tied to the historic housing market crash, Brusuelas said. On top of that, he said the jump in joblessness limited earnings potential for those without steady employment in their prime working years.

The Great Recession “created the conditions for the winner-take-all economy that emerged in its aftermath,” said Brusuelas, who first heard the K-shape term around 2008. “If you live, work and inhabit certain portions of the economy, you might as well live on the dark side of the moon compared to what goes on down-market.” ...

To make meaningful inroads, the U.S. would instead need to focus on tax reform and expanding social safety nets, according to RSM’s Brusuelas. ...

Nashville's Tomi Lahren is a bigger box of rocks than Sarah Palin

Here: 

... What if we just decided, you know what, we don't want to pay taxes anymore. And you know, just to make sure we don't pay taxes anymore, we're going to send all our foot soldiers out on the street and we're going to burn things and we're going to throw things and we're going to riot and we're going to assault officers. ...

Yeah, we already decided that once, but obviously that didn't stick.

... what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? ...

-- Thomas Jefferson, 1787

 

 

Yeah, the last time Republicans had 60 seats in the U.S. Senate they used them to pass the Income Tax: July 12, 1909

Thank you for your attention to this matter.

 

 

Trump's government is $602 billion in the hole for the first three months of fiscal year 2026

 This rate of deficit spending implies $2.4 trillion added to the national debt for FY2026 when it's over.