Relevant and even prescient commentary on news, politics and the economy.

Deficits, Debts, Surpluses, Borrowing, Budgets, etc. Processes

Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for our words which I believe we take for granted. I took the liberty of pulling this up from a site. It is pretty basic. Borrowing […]

With Social Security on Brink of Collapse, Dramatic Changes Coming

Dear Reader Dale Coberly: Bill has asked me to comment on an article appearing on the internet at wealthynickel.com under the title With Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support’ written by Andrew Herrig, who calls himself a finance expert and says his expert financial advice has been […]

July 15, 2023 Letters from an American

July 15, 2023, Letters from an American, Prof Heather Cox Richardson [Warning: the 13th paragraph of this piece, beginning “They did,” graphically describes racial violence.] July 16 marks the 160th anniversary of the most destructive riot in U.S. history. On July 13, 1863, certain Democrats in New York City rose up against the Lincoln administration. […]

Biden Administration Taking Action To Limit Junk Healthcare Insurance

About half of this is original and the other half is a rewrite. Just explaining things more than the author. What President Joe Biden is doing is repealing trumps Short Term Healthcare Coverage which today is less than 365 days. This was extended from prior 3-month coverage (maximum 4 months) when Congress failed to repeal […]

America’s Clean Energy Transition Needs Federal Action—Not Rollbacks

What the Roosevelt Institute and GreenBiz are pointing out is the delay in bring Energy, more clean energy online to satisfy the nation’s requirements, reduce pollution, and avoid severe climate change. Both are putting pressure on the government to move these projects along. They are calling for a mobilization of resources to implement the projects […]

We would’ve never been able to see cricket live on television

Basically, a story about big oil selling prosperity to a country by having their cricket team televised on TV and building a new stadium to be completed by 2025. Exxon and their partners were busy telling the story of fossil fuels as the solution to poverty. This story told as more and more Global North […]

Libertarianism

I was catching up on the back issues of New Yorker accumulating on the coffee table, and read an article about the rise and decline of libertarianism in the GOP. The idea that anything resembling libertarianism was actually popular in the Republican Party is a joke. Ostensibly, libertarian wants to shrink big government. OK, lets […]

Initial claims move closer to red flag recession warning

Initial claims move closer to red flag recession warning  – by New Deal democrat Initial jobless claims declined -12,000 last week to 237,000. The four week average declined -6,750 to 246,750. With a one week delay, continuing claims increased 11,000 to 1,729,000: More importantly for forecasting purposes, the YoY% increases were 7.2% for the weekly […]