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

Federal Debt Projections

I know Econofact is discussing various programs as being an issue. Social Security being one of them. That may be true for Social Security if the funds are not available to pay back what is owed to the Trust fund. The other issue being the decreases in taxes for upper income brackets which would have […]

“seven times the previous annual budget and four times the typical annual budget”

All of this to keep immigrants out of the United States even though replacement rate is down and decreasing. A term I am learning from the VA as they argue with me about how I was poisoned while at Camp Lejeune is “More Likely than Not.” Moe likely than not replacement rate in the US […]

Alabama Pushes Through a Change in Voting Districts and SCOTUS Says Ok

Rather than saying no, SCOTUS allows Alabama to realign voting districts thereby disenfranchising minority Americans “Shame and the Supreme Court” Civil Discourse with Joyce Vance Tuesday was primary day in Alabama. There were contested races in both parties. The marquee gubernatorial race drew significant interest, with more than five candidates competing on the Democratic side, […]

A “rail”pike should be built by the government.

Letter to Congressional Representative Seth Moulton by Sanuel Walker . . . “Just as a turnpike provides time and place utility for product and people, a railpike would also. And, just as a turnpike does not provide pick up and delivery of product and people, likewise a railpike would serve to provide transport service from […]

May jobs report: a solid positive report, with the important (likely) exception of wages

– by New Deal democrat My Big Theme for the past few months has been that the AI Boom (or possibly bubble) is counterbalancing a stagnant or even shallowly recessionary rest of the economy. The bottom line is that the May report was the third in a row that not only confirmed that, but suggested […]

$Trillions for Tax Breaks, etc. to the wealthy. But we Can Not Fund Social Security?

“No Unauthorized Spending: The U.S. Constitution dictates that no money can be drawn from the Treasury except through an act of appropriation. Without a funded budget, paying wages is unconstitutional.” “Office Hours: How Do We Deal with the Inevitable Loss of Good Jobs to AI?” Anthropic — the artificial intelligence company behind the chatbot Claude […]