August 2000-August 2024 and September 1929-September 1953 both fall far short of 8.74% per annum real return September 1953-August 2000.
Real per annum return from January 1871-September 1929 was 8.34%.
Friday, May 23, 2025
Secular real return from stocks since investing at the August 2000 high compared with investing at the September 1929 high, twenty-four years out
The complaisance is amazing, we are the French
Yes mon ami, there are Muslim-controlled no-go zones in gay Paris, but what can we do? 🤷
Thursday, May 22, 2025
Paper tiger Donald Trump March 2018: I will never sign another bill like this again
He's signed them ever since lol. Nothing's changed.
Trump signs $1.3 trillion spending bill into law despite being ‘unhappy’ about it
... Trump slammed the rushed process to pass the more than 2,200-page bill released only Wednesday. Standing near the pile of documents, the president said he was “disappointed” in the legislation and would “never sign another bill like this again.” ...
House GOP votes for tax breaks for rich Democrats from Blue states like New York, New Jersey, and California lol
... Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s currently a $10,000 limit
on the SALT deduction, and raising that cap has been a priority for
certain House lawmakers in high-tax states like New York, New Jersey and
California. Filers must itemize deductions to claim the tax break for
SALT.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out over $500,000, according to revised language released by the House Rules Committee. The provision would go into effect in 2025. ...
“Any changes to lift the cap would primarily benefit higher earners,” Garrett Watson, director of policy analysis at the Tax Foundation, wrote in an analysis on Tuesday.
With an income phaseout over $400,000, the top 20% of taxpayers “would be the only group to meaningfully benefit,” Watson wrote. ...
So-called fiscal hawks of the House GOP totally cave and narrowly pass Trump's omnibus tax and spending bill 215-214: Massie of Kentucky and Davidson of Ohio were the sole Nay votes
The House Freedom Caucus is a joke, along with the rest of them: At least $20 trillion in new debt over ten years, increases the SALT cap for itemized deductions important in high tax Blue states, Green New Deal spending still in there, ratifies federal support for Medicaid's backdoor vehicle as insurance under Obamacare, etc.
The Chair of the House Freedom Caucus:
Wednesday, May 21, 2025
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.
Tuesday, May 20, 2025
Monday, May 19, 2025
The rotten apple doesn't fall far from the asshole tree
When you don't really believe the campaign's over and you won:
Sunday, May 18, 2025
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. 🤷
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