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

More self-absorbed than your average tranny.

Scott Sumner, here:

The consequence of the reckless fiscal policy will not be a financial crisis. Nor will it be a default. Even the permanent monetization of the debt is unlikely, in my view. The most likely consequence will be higher future taxes and slower economic growth. This will lead to reduced living standards. It might also push politics in a more “populist” direction, with consequences that are difficult to predict (but unlikely to be desirable.)

Trump is toast

 

Trump’s Former AG Bill Barr Lowers the Boom in Stunning Analysis on Fox News Sunday: ‘If Even Half of it is True, He is Toast’

Misunderstood survivalist and math genius Ted Kaczynski dies in prison at 81, evaded the incompetent FBI for 17 year bombing campaign against tech

 The bigoted AP Obama, here:

But once revealed as a wild-eyed hermit with long hair and beard who weathered Montana winters in a one-room shack, Kaczynski struck many as more of a pathetic loner than romantic anti-hero.

I'm proud to be an asshole from El Paso

 

One bad cracker ruins the whole barrel, girl

 

.

.

Trump twofer: The simplest explanation is that he was saving on magazine subscription reading material and toilet paper at the same time

 

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

 

Can't keep the firing squad waiting, now can we?

 

Republicans just watch while Trump gets shot in the middle of 5th Avenue

 

Bob and Doug BBQ goes slightly amiss, Canada wildfires consume the equivalent of Maryland and more

 

The Supremes still don't have the courage to void the tyrannical, unequal, racist, Northern neo-reconstructionism of the 1965 Voting Rights Act in the American South

 The Supremes are not colorblind and are as reprehensible in this as any college or business using racial quotas to exclude whites and Asians in favor of less qualified people of color, and they know it.

American liberalism is nothing if not hypocritical.

Chief Justice John Roberts and Justice Brett Kavanaugh, both conservatives, joined the court's three liberals in the majority.

In doing so, the court — which has a 6-3 conservative majority — turned away the state’s effort to make it harder to remedy concerns raised by civil rights advocates that the power of Black voters in states like Alabama is being diluted by dividing voters into districts where white voters dominate.

In Thursday’s ruling, Roberts, writing for the majority, said a lower court had correctly concluded that the congressional map violated the voting rights law.

He wrote that there are genuine fears that the Voting Rights Act “may impermissibly elevate race in the allocation of political power” and that the Alabama ruling “does not diminish or disregard those concerns."

The court instead “simply holds that a faithful application of our precedents and a fair reading of the record before us do not bear them out here,” Roberts added.

As such, the court left open future challenges to the law, with Kavanaugh writing in a separate opinion that his vote did not rule out challenges to Section 2 based on whether there is a time at which the 1965 law's authorization of the consideration of race in redistricting is no longer justified.

More.

Today's up-is-down headlines: Variety v The Hill, Drudge v Real Clear

 Tucker Takes Man Cave Rants to Social Media -- to Smaller Results... (Drudge)

First Episode of "Tucker on Twitter" Nets More Than 70 Million Views (Real Clear Politics)

 

Gold remains far more overvalued than US stocks, which is saying a lot

Gold is at least 167% overvalued relative to inflation since 1913. $600ish gold makes sense. $1600 gold does not, let alone $2067, the 2020 high.

Meanwhile stocks are off-the-charts overvalued, about 93% relative to the post-Great Depression median valuation of 81 through 2019, as of the latest GDP figures from late May.

Speculation in both gold and stocks, not to mention a host of other things, has been driven by Federal Reserve interest rate suppression since 2001.

How long elevated gold and stock prices can persist in the new higher interest rate environment is anyone's guess.

The Fed Funds rate still averaged a low 1.69% in 2022, so it's still early innings.

.

May 25, 2023

Young Americans are too ignorant to blame the correct government entity for housing unaffordability for some reason

 . . . young Americans condemn their municipal and state governments for the current housing affordability problem.

More.

Quest for money overwhelms hypocritical PGA Tour as it merges with Saudi LIV Golf

 As usual that lyin' blue scumbelly Donald Trump is at the heart of this:

The agreement — the second stunning sports deal in just months, following World Wrestling Entertainment’s merger with Endeavor Group’s UFC — will require the approval of the PGA Tour policy board, Commissioner Jay Monahan said in a memo to players that was obtained by CNBC. ...

Family members of those who perished in the Sept. 11, 2001, terrorist attacks have protested the league, including outside of events. Fifteen of the 19 hijackers on Sept. 11 were from Saudi Arabia, and Osama Bin Laden, the mastermind behind the attacks, was born in the country. It has been concluded by U.S. officials that Saudi nationals helped fund the terrorist group al-Qaeda, although investigations didn’t find that the Saudi officials were complicit in the attacks.

The group 9/11 Families United said they were “shocked and deeply offended” by the merger in a statement on Tuesday.

“Mr. Monahan talked last summer about knowing people who lost loved ones on 9/11, then wondered aloud on national television whether LIV Golfers ever had to apologize for being a member of the PGA Tour. They do now – as does he,” said 9/11 Families United Chair Terry Strada, whose husband Tom died in the World Trade Center’s North Tower. “PGA Tour leaders should be ashamed of their hypocrisy and greed. Our entire 9/11 community has been betrayed by Commissioner Monahan and the PGA as it appears their concern for our loved ones was merely window-dressing in their quest for money – it was never to honor the great game of golf.” ...

Former President Donald Trump, who has hosted a number of LIV Golf events at his golf courses, has defended those events, falsely claiming that “nobody’s gotten to the bottom of 9/11.” Last year, Trump also said on Truth Social that a merger between LIV and The PGA Tour was inevitable.

On Tuesday, Trump weighed in on the merger on his Truth Social platform: “Great news from LIV Golf. A big, beautiful, and glamorous deal for the wonderful world of golf. Congrats to all!!!”

More.

On the contrary, 365k Union dead x $7.5 million each equals $2.7375 trillion in reparations blacks owe Uncle Sam, at minimum

 

St. Matthew's School in Newfoundland, Canada, hard at work grooming the children: The agenda is pride 365

 One month is not enough.

College dropout F. Chuck Todd calls it quits at Meet The Depressed while he's still ahead

Proving yet once again that you don't need a college degree to rise to the level of your incompetence in this great country of ours.

 

The left's campaign to make sure Trump is the GOP candidate gets more incoherent by the day

 Days ago we were told Ron DeSantis is too dumb to run his own messaging and had to rely on his wife.

Now his wife is a Walmart deplorable.

I'd say they've lost their minds but they never had any to lose.

 

You'd think Trump could spell his name correctly after all that's passed between them, but why congratulate North Korean ascendancy to the WHO?

It's all just weird.

And Jimmy Carter level bad.

 

The tide is turning

 

It's the third anniversary of the $2 billion June Donald Trump did nothing about except tweet

 

I had to see it for myself because I just couldn't believe it was real, but it is

 

Magadonia is located in the tiny country of Also Ran:

 

Full time employment in May 2023 was a solid 50.47% of civilian population, similar to 2019 levels: Recession delayed

 The measure averaged 49.7% in 1Q2023, but climbed in April to 50.2% and to 50.4% now.

Full time usually peaks in the summer.

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

Hello, all spending bills must originate in the House.

Some Senate Republicans are pretending you don't know that.

What a joke.

 CNBC:

Majority Leader Chuck Schumer spent much of the day Thursday hammering out an agreement with a group of Senate Republicans who demanded that he pledge to support a supplemental defense funding bill before they would agree to fast-track the debt ceiling bill.

The current House debt ceiling bill provided $886 billion in defense spending for fiscal year 2024, an increase of 3% year over year. That figure rose to $895 billion in 2025, an increase of 1%.

But GOP Sen. Susan Collins of Maine called this “woefully inadequate” Thursday, arguing that a 1% increase did not keep pace with inflation, so in practical terms, it was actually a decrease in military funding. The solution came in the form of a rare joint statement from Schumer and Senate Minority Leader Mitch McConnell, R-Ky., which was read on the floor.

“This debt ceiling deal does nothing to limit the Senate’s ability to appropriate emergency supplemental funds to ensure our military capabilities are sufficient to deter China, Russia and our other adversaries and respond to ongoing and growing national security threats,” Schumer read. “Nor does this debt ceiling limit the Senate’s ability to appropriate emergency supplemental funds and respond to various national issues, such as disaster relief, combating the fentanyl crisis or other issues of national importance,” said Schumer.

The Hill:

The normally slow-moving chamber raced through a dozen votes in just over three hours. ...

A total of 31 Republicans voted against the measure ...

Just four Democrats voted against the measure: Sens. John Fetterman (Pa.), Ed Markey (Mass.), Jeff Merkley (Ore.), Elizabeth Warren (Mass.), along with Bernie Sanders (I-Vt.). ...

The legislation would provide $886 billion for defense, which negotiators described as a 3 percent increase, and $637 billion for non-defense programs, according to a White House summary. ...

Senate Republican Whip John Thune (S.D.) said McCarthy didn’t sign off on the agreement between Senate leaders and defense-minded GOP senators. ...

Asked how confident he is about a defense supplemental spending bill passing later in the year, Thune said, “hard to say.” 

“It was important for some of our members have folks on the record acknowledging there clearly could be a need, will be a need for our national security interests,” he said.

Trump's February 2020 deal with Taliban finally pays off lol, Taliban terrorists attack Iran terrorists with US weapons Joe Biden left behind

 Taliban Fighting Iran -- With American Weapons...

 

Wants absolutely nothing to do with Labia, either

 World's first openly gay president elected in Latvia...

Suit yourself

 LIZZO: KNOCK OFF FAT TAUNTS OR I QUIT MUSIC!

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

 

Seventy-one Republicans and 46 Democrats voted against the bill in the House — mostly liberals and conservatives protesting specific provisions of the bill. Their numbers, however, were never a threat to the bill’s passage because of a hodgepodge of moderates and leadership allies who — despite some acknowledging the bill wasn’t exactly what they wanted — threw their support behind the measure. ...

The Congressional Budget Office (CBO) Tuesday estimated that the bipartisan debt limit deal could reduce projected deficits by about $1.5 trillion over the next decade, a meager assessment compared to the roughly $4.8 trillion the nonpartisan scorekeeper said the GOP bill would save. ...

While votes on rules, which govern debate over legislation, typically break along party lines, 29 Republicans broke from the GOP and opposed the rule on Wednesday as a way to boycott the debt limit bill. Shortly before the vote closed — as the bill was poised to be blocked — 52 Democrats threw their support behind the rule, bringing the final vote to 241-187 and allowing the debt limit bill to advance to the floor for a full vote.

More.

Lesbian couple still obsessively testing and masking, even outdoors, and up-to-date on their jabs, has COVID-19 land at their door anyway

 

In the past two years, my partner and I have taken more at-home COVID tests than we can count. After our first test in 2021, we obsessively checked every few seconds to see what the indicator would reveal. Longest 15 minutes ever.

We’re up to date on our vaccinations. We still mask up in stores and on public transportation. We recently attended our first concert in three years and though most of our fellow concertgoers at the outdoor venue weren’t masked, we were. Still we swabbed our nostrils a few days later. Both negative.

So it never crossed our minds as we were about to leave town for the Memorial Day weekend that we would get anything other than the desired result. My COVID test was negative. Hers was positive. A second test confirmed the first.

More.

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

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

Ending the present bad habit of omnibus spending bills is essential to a return to good governance and represents a good reason to vote for this bill despite its shortcomings.

 

Massie followed through with his statement during Tuesday evening’s vote when he supported the rule. He also told reporters that he plans to vote for the bill when it comes to the floor on Wednesday after announcing it in a closed-door GOP conference meeting minutes earlier.

“It’s because it cuts spending,” Massie told The Hill Tuesday night when discussing his intent to support the bill.

“Nothing I’ve ever voted on has ever cut spending that’s passed that’s become law; this will,” he added.

During Tuesday’s Rules Committee hearing, Massie highlighted a provision in the debt limit bill that incentivizes Congress to pass 12 appropriations bills rather than relying on omnibus measures to fund the government. The provision threatens to cut government spending by one percent across the board if the measures are not approved by Jan. 1.

“There is one way in which I think this bill got better, and it is this 1 percent cut that we’re all agreeing to if we vote for this bill, Republicans and Democrat, come Jan. 1. If we haven’t done our homework, and if the Senate hasn’t done their homework, and if the president hasn’t signed those bills — so everybody is gonna be in this, responsible for the outcome,” Massie said.

More.

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

The Washington Examiner, here:

In exchange for a two-year hike in the federal borrowing limit, the legislation roughly freezes next year's spending at fiscal 2023 levels, followed by a 1% increase in 2025. The legislation also imposes some changes to work requirements for food stamps and will speed the development of energy projects with permitting reform.

Fiscal outlays for 2023 are projected to hit $5.792 trillion. Adjusted for inflation since 2019 that should be more like $5.385 trillion.

 

 

 

Meanwhile, deficit spending since 2019 through fiscal 2023 has added, will add, $8.5 trillion to the debt, which has been the solution to, and the cause of, all our problems.

We are not governed by serious people.

We have the government we deserve.

The lie of the day comes from Reuters via CNBC

... the national debt, which at $31.4 trillion is roughly equal to the annual output of the economy.

 

More.

 

1Q2023 GDP, 2nd estimate: Nominal: $26.4863 trillion.

 

118% is not "roughly equal".

 

And look what has happened to interest payments on the debt, which come out of current revenues. They have gone vertical. At $929 billion annualized, they represent 31.4% of current tax receipts annualized.

 

Everyone minimizing the gravity of this situation is whistling past the graveyard when government social benefits to persons already exceed the tax receipts.

 

This will continue until it can't, and great will be the fall of it.

 

 

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

 

‘American Citizens before Migrants’: Protesters Heckle AOC at NYC Town Hall

Brittany BernsteinMay 27, 2023 11:06 AM

Representative Alexandria Ocasio-Cortez (D., N.Y.) speaks at a U.S. House Financial Services Committee hearing on Capitol Hill in Washington, D.C., December 13, 2022. (Sarah Silbiger/Reuters)none

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Protesters booed and heckled Representative Alexandria Ocasio-Cortez at a town hall she held in Queens, N.Y., on Friday night.

A man holding small American flags approached the progressive “Squad” member and shouted, “American citizens before migrants.”

“Where are you on the migrant issue? You’re a piece of s***,” he added.

Ocasio-Cortez said, “OK,” as the man was escorted off.

New York governor Kathy Hochul (D.) declared a state of emergency in New York after the expiration of Title 42 earlier this month. The state has roughly 60,000 asylum seekers relying on social services. New York City has gotten so overwhelmed with the influx of migrants that the city has begun sending them to the suburbs. Hochul said she is “looking at all state assets to help ameliorate the problem that is at a crisis level here in the City of New York,” which could includes housing migrants at SUNY campuses, closed psychiatric centers, large parks and parking lots.

Protesters at the town hall held signs concerning a number of issues: “America First. Vetted legal migrants only,” “Stop funding Ukraine,” “AOC: An Obvious Criminal,” and “AOC: Stop pushing drag queen story hour,”

More protesters came forward throughout the evening, including a woman who was critical of Ocasio-Cortez’s support for U.S. funding in Ukraine. The New York Democrat voted to send $40 billion in military and humanitarian aid to Ukraine last year.

“Stop funding this war, there’s a lot of communities that need help and need that money,” another woman said as she was removed from the event.

Ocasio-Cortez was met with both boos and cheers from the crowd when she suggested the Biden administration should abolish the debt limit, as a June 5 debt default deadline looms.

“$100 billion for Ukraine that you voted for!” one man shouted in response to Ocasio-Cortez’s comments on the debt ceiling.

The progressive lawmaker said earlier this week that the “stakes of a default cannot be understated.”

“The chaos that would ensue and the impact on people’s everyday lives would likely be immediate and it is one of the reasons why we need to take default off the table,” she said.

Send a tip to the news team at NR.

 

 

The Dingbat meant overstated, not understated.

If California won't do anything to clean up the fuel for wildfires, the insurers will do it for them

 

State Farm to stop accepting homeowners insurance applications in California due to wildfires, construction costs

Owner-occupied housing levels are still a long way off from those reached pre-Great Recession

 

Democrats should impeach Bill Gates lol

 REVEALED: Bill Gates's Russian 'lover' and her links to notorious Kremlin spy...

The voters have made yet another colossal error in judgment, but NBC doesn't really want to tell you how big

New research published this month, involving millions of people worldwide over decades, is adding to worries that heavy use of high-potency cannabis and legalization of recreational weed in many U.S. states could exacerbate the nation's mental health crisis in young adults. “There is a big sense of urgency not just because more people are smoking marijuana, but because more people are using it in ways that are harmful, with higher and higher concentration of THC,” Dr. Nora Volkow, director of the National Institute on Drug Abuse (NIDA), said in an interview. ... The magnitude of the connection between cannabis and schizophrenia for young men surprised study author Volkow, who was expecting the number to be closer to 10%. “This is worrisome,” she said.

 
But NBC doesn't tell you the number:

Among 16–20-year-old males, no clear pattern over time is observed, with PARFs generally fluctuating between 10% and 20%. In older males, the PARFs show a clearly increasing pattern, ending up around 20–30% until the age of 31–40 when PARFs fluctuate between <1% and nearly 20%.

 

 

More.

 

Let's see how long G$$GLE leaves this up before censoring me like last time.

 

 

 

Inflation remains stuck, year over year in April 2023 at 4.7%, meaning at minimum that interest rates will remain higher for longer

The Fed can't do it alone.

Congress needs to rein-in spending.
 

Supremes slap down EPA meddling in property owners' wetlands under Clean Water Act, reversing yet another pestilent view of former justice Anthony Kennedy

A majority in Rapanos (2006) couldn’t agree on how to limit EPA’s authority over wetlands. Four Justices said the Clean Water Act’s scope extended to “only those relatively permanent, standing or continuously flowing bodies of water” such as oceans, rivers and lakes, and wetlands that were directly adjacent and “indistinguishable” from those waters.

However, the agencies and lower courts have adopted Justice Anthony Kennedy’s lone opinion that federal jurisdiction extends to land that has a “significant nexus” to a waterway. This test is as clear as a swamp.

While all nine Justices ruled for the Sacketts, they disagreed on the scope of federal power. The majority strips away the “significant nexus” ambiguity from Justice Kennedy’s Rapanos opinion, but reaffirms the conservative plurality’s view that a “wetland” must “be indistinguishably part of a body of water that itself constitutes ‘waters’ under the CWA.”

Ronald Reagan's worst appointment.

More.

Kim Strassel: Republicans should claw back $80 billion IRS infusion in wake of IRS targeting of Taibbi and Shapley

 IRS Needs a Cage, Not More Cash

The cases of the whistleblower Gary Shapley and journalist Matt Taibbi show why the GOP should claw back that $80 billion infusion.

As House Republicans and the White House wrangle over a debt-ceiling deal, one GOP demand ought to be nonnegotiable. A politicized Internal Revenue Service has no business keeping its untrustworthy fingers on last year’s $80 billion cash infusion.

More.

This is lol great

 

“On day one, I will have folks that will get together and look at all these cases, who people are victims of weaponization or political targeting and we will be aggressive at issuing pardons,” DeSantis said in his response. ...

DeSantis replied, “I would say any example of disfavored treatment based on politics or weaponization would be included in that review, no matter how small or how big.”

The Justice Department said this month more than 1,033 defendants have been arrested as part of its probe of the Capitol riot. ...

DeSantis said he planned to use the pardon power “at the front end” instead of waiting until the end of his term in the White House.

“We’re going to find examples where the government’s been weaponized against disfavored groups, and we will apply relief as appropriate. But it will be done on a case-by-case basis,” he said.

More.

Excellent News: Insurgent "Eight-Year Alliance" forms from 100 former Trump administration officials who now back Ron DeSantis

 

According to multiple sources within the group, officially known as "The Eight-Year Alliance," DeSantis is "a proven winner," a contender with a depth of policy proven by what he's accomplished at the state level, and a leader who "does what he says."

The primary motivation of the group, the sources said, is to promote a candidate they feel would be a viable contender for two presidential terms, something they see in DeSantis. They also want to prevent former President Donald Trump "immediately becoming a lame-duck president" should he win back the White House, considering the polarizing affect his persona has had on American politics.

More. 

Key point: depth of proven policy in Florida sustainable nationally over two presidential terms is a better choice than another drama-plagued and by definition ineffectual presidency under the best of conditions.

The salient feature of the coming Draco will not be to enslave but to kill, to purge

Yes, he will be busy.

 

 

Good morning

 

UFO spotted on dark side of moon in broad daylight

  VIDEO: UFO spotted in broad daylight on moon...

Mystery emerges as ‘UFO is spotted’ on the other side of the moon in wild video recorded in broad daylight

From this stupid story we're supposed to believe that the man who graduated Yale and Harvard with honors doesn't have a thought in his head but for his wife

 The Casey DeSantis Problem: His Greatest Asset -- and Liability...

Never trust a story which features Roger Stone and Rick Wilson as sources.

They're so afraid this guy will win