The No Taxes On Tips gimmick is unfair to janitors, teachers, and fast food workers

 

When core pce inflation was above 2.5% year over year for 27 straight years, we had 10Y yields well above 5 and 30-year mortgages well above 7.5 to go with it

 1967-1993, inclusive.

 

 

US20Y auction average yield 5.047 vs. 4.81 previously lol

This is the sort of stuff which makes me think America is finished

 

Musk has been Yezhoved

 

HHS Poverty Guidelines for 2025

 The current average Social Security check is $1,999.97, minus $185 for the Medicare premium, equals $1,814.97 monthly, times 12 equals $21,779.64 annually.

 

Democrat US House math suffers another blow: Gerald E. Connolly (VA-11) succumbs to cancer at age 75

 CNBC reported here.

House Democrats will now have three vacancies and a caucus of 212 vs. 220 for the GOP. 

Representatives Turner (TX-18) and Grijalva (AZ-7) died in March.

What we thought were obvious instances of Biden's elderly incompetence might have actually been symptoms of something else: Androgen Deprivation Therapy for his prostate cancer

 

The suspect in the Palm Springs bombing, Guy Edward Bartkus, was apparently on a mission for V'ger of Star Trek fame, believing carbon-units were an infestation

 

FBI: Palm Springs explosion suspect "had nihilistic ideations," is believed dead after fertility clinic bombing

 

Update June 4: Man arrested in New York linked to California fertility clinic explosion: officials

Joe Biden said in 2022 that he had cancer and everyone just ignored it

 Video.

 

 

The rotten apple doesn't fall far from the asshole tree

When you don't really believe the campaign's over and you won:

 

Republicans finally advanced their budget out of committee late last night, but just barely

 

Tulsi Gabbard has fired intelligence officials who concluded Venezuela wasn't directing gang activities in the United States

 Another disappointing performance by Tulsi Gabbard.

Tulsi, former leftist, keeps proving she can turn with the wind with the best of them.

And I had such high hopes for her. 🤷 

 

Evidently 43 US House GOP are not down for the shtruggle against Iran

 

The chutzpah: Democrats literally pushed Biden out of office three months before the election and they want him to take the blame for losing to Trump

 After covering for the guy from the beginning for his 2020 campaign conducted from a basement.

They have no one to blame but themselves.

 Democrats want Biden to take responsibility for loss to Trump 

... “He needs to stop talking about what could have happened and what should have happened and how the party betrayed him and start talking about how he ultimately betrayed the party,” said one Democratic strategist. “The reason we find ourselves in this position is because he was too stubborn to step aside.” ...

Eleven foods which made new all-time high average prices in April 2025

 Round roast $7.616/lb

All roasts 7.995

Round steak 8.627

All steaks 11.12

Sirloin steak 12.326

Ground chuck 5.996

100% ground beef 5.801

All ground beef 6.142 

Coffee 7.536

Sugar 1.021

 

Beer 1.827/pint

The Golden Age isn't AAA

 

USA loses last AAA rating, from Moody's, perfectly timed for after GOP can't move a budget out of committee lol

Moody’s downgrades U.S. credit rating, citing rise in government debt

... Moody’s had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals. Standard & Poor’s downgraded the U.S. to AA+ from AAA in August 2011, and Fitch Ratings also cut the U.S. rating to AA+ from AAA, in August 2023.

“Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs,” Moody’s analysts said in a statement. “We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.” ...

“... we expect federal deficits to widen, reaching nearly 9% of GDP by 2035, up from 6.4% in 2024, driven mainly by increased interest payments on debt, rising entitlement spending and relatively low revenue generation,” Moody’s said. ″We anticipate that the federal debt burden will rise to about 134% of GDP by 2035, compared to 98% in 2024.″⁣ ...

Moody’s officially rated U.S. bonds in 1993 for the first time, but had assigned a “country ceiling rating” of Aaa on the U.S. since 1949.

It's driving the Reuters writer of this story at CNBC crazy that US Treasury securities aren't selling off lol

Foreign holdings of U.S. Treasuries top $9 trillion in March, data shows

 ... Holdings of U.S. Treasuries surged to $9.05 trillion in March, an all-time peak and up more than $233 billion from $8.81 trillion in February. Compared with a year earlier, Treasuries owned by foreigners rose nearly 12%.

Some analysts said that trend could change in April as the Trump administration introduced a massive trade shock on April 2nd that saw effective tariff rates surge, particularly on Chinese goods.

That fueled a U.S. Treasuries sell-off that, at one point, pushed benchmark 10-year yields more than 70 basis points (bps) higher to nearly 4.6% over the April 3-11 period. The selloff may have included selling from foreign investors, analysts said.

Trump has since paused the imposition of tariffs for 90 days, and the Treasuries market has stabilized somewhat, although foreign investors are likely to have remained leery of U.S. assets. ...

Yeah, I don't think so.

10Y yield averaged 4.28 in April lol, unchanged from March lololol.

The GOP runs the House but fails to get Trump's bill out of the budget committee, vote fails 16-21

 

GOP fiscal hawks sink key vote on Trump ‘big, beautiful bill’  

Budget Package Remains Bottled Up in House Committee, for Now

House Budget Committee rejects Trump agenda bill in major setback for GOP leaders