The thread is here.
The limits of conventional power have been reached.
Putin has been experiencing the same in Ukraine and could have been defeated, too, had Trump not given him a lifeline with his stupid peace talks.
The future of Taiwan is in great peril.
Core cpi inflation at 2.8% year over year is 55% higher than the average rate of 1.8% which prevailed 2010-2020.
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| core |
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| food |
Chip Roy is right.
The expiring temporary tax cuts of Donald Trump had a cost in 2017, and if renewed they'll still have a cost, which is obvious to everyone with a brain except Mike Crapo and his supporters.
All the focus for Chip Roy is on reducing the spending side, instead of on increasing the revenue side, as is usual with the GOP budget hawks. They never really reduce spending, however, and the deficits get bigger as a result.
Meanwhile it's amusing to watch how today's Republicans are turning themselves into pretzels just to keep the temporary Trump tax code from expiring and reverting back to the Bush tax cuts, most of which were made permanent by John Boehner and Barack Obama.
Reverting would actually be smarter than what we are going to get, which will be more unaffordable tax cuts and bigger deficits and $50 trillion in debt by 2034.
Even Trump knows this, coming out as he did just a few days ago for . . . the Bush tax cuts.
He specifically recommended adding the old 39.6% additional compromise bracket for the rich agreed to by Boehner and Obama on January 2, 2013.
Trump is a redistributionist, after all. He said so just recently.
He knows he has to pay for what he wants to give away to people. And his idea is to soak the rich to pay for it, just like any good Democrat would do.
I say go ahead. Make my day.
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| The 2014 tax brackets, showing the added 39.6% bracket on high incomes |
Fiscal 2025 deficit, October-April: $1.049 trillion
Fiscal 2024 deficit, October-April: $0.855 trillion
Increase in the deficit in 2025 Oct-Apr: $194 billion
Meanwhile CNBC blows smoke up your ass:
Stock futures surge. Crude oil surges. US Treasury yields surge.
Trump had imposed tariffs of up to 145% on Chinese imports, prompting Beijing to respond with retaliatory curbs of its own, including restrictions on some rare earth elements. ...
“Everyone now knows that the looming conflict between the US and China, for example, has nothing to do with a ‘clash of civilisations’, despite what some might try to tell us. We always try to see differences where in fact there are none. In fact, the dispute is between two forms of capitalism that are becoming more and more similar,” Girard wrote.
Quoted here.
America became its own enemy long before China did.
Girard defaulted to the priority of religion over economics beginning in 1959.
I'm so confused.
Doesn't price drop on an increase in supply?
"Let's increase supply so prices rise so the voters vote for us and not them" makes absolutely zero sense.
... Mr. Biden sold off hundreds of millions of barrels of oil after Russia invaded Ukraine, causing already rising gas prices to spike even higher. ...
The Biden administration sold off roughly 206 million barrels of oil from the SPR between 2021 and 2023. ...
Democrats fended off an anticipated red wave in the November 2022 midterms, keeping control of the Senate and barely losing House seats, although Mr. Biden’s party remained in the minority in the lower chamber. ...
More.
Sewer has two meanings dontchaknow, seamstress only one.
From the conclusion:
... And lucky Chicago suburbanites have small businesses such as LindaZ’s Sewing Center in Arlington Heights, where knowledgeable staff connect savvy sewers, knitters and quilters with fabric and machinery, and Thimbles in Lockport, which still serves a loyal community of sewers and quilters too. ...
I don't care how wrong Biden was, and neither should the courts.
The Supremes have already ruled the illegals have habeas rights, and this would be a desperate attempt to get around that.
Are they daring the Supremes to rule against them yet again?
Not to reduce the deficit, but to pay for all the new Trump goodies.
$50 trillion in debt in ten years is a lead-pipe cinch.
