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

Elon Musk: quack or idiot savant?

So it looks like Elon and I agree on something. Great minds think alike. Fools seldom differ. “WASHINGTON (AP) — Elon Musk on Saturday doubled down on his distaste for President Donald Trump’s sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down […]

Should Student Loans Be Forgiven?

As of May 24, 2024, the SBA had forgiven over 10.5 million PPP loans to businesses, totaling ~$800 billion. Another 37,938 owe an ~ $4.6 billion) and are labeled potential clawback or a code 70 (potential claw back).  Not so for student loans. These are the people who should have greater productivity at a younger […]

Waste, fraud and abuse, thy name is DOGE

So far, the only “efficiencies” realized by DOGE have been (1) keeping Elon Musk’s name and image in the news and (2) the systematic destruction of federal programs and the expertise to run them efficiently. Like Elon’s SpaceX rockets, his DOGE has mostly failed on the launch. “On the first day of his second term, […]

Distributional Impact of H.R. 1

A quick run-down on Trump and Republican’s H.R. 1 bill. This has already passed in the House and is now at the Senate for consideration. There may be some changes and resistance yet. There is a widespread agreement the most vulnerable will take the biggest hit, and it is by design. Under H.R. 1, the […]

Who is Losing Medicaid under Republican’s Bill

Brief piece on which employees are mostly impacted by cuts in Medicaid. And a state statement from a Senator from Oklahoma who basically says, “no worries, they could just get employer-based healthcare insurance.” Which if this were true, why would they take Medicaid? It is far easier and less of a bother, if they could […]

The Big Beautiful Bill will kill American hospitals

It’s bad enough that Republicans believe poor Americans should be allowed to die without health care. But if you ever need a hospital, whether or not you have insurance, this could kill you, too. “That’s because each node of the system is interdependent. If the 190 rural hospitals estimated in a recent Center for American […]

Threats to Senate’s July 4 Reconciliation rush

What is sitting before the Republicans to be solved before taking a Reconciliation Vote. Been rush and scramble to get this bill in order to please holdouts and pass before July 4th. Hopefully, some of these critters will start to have a heart. Hopefully they start to think about how their actions will hurt their […]

Fallout for People Insured During Covid with the Passage of Trump’s Bill and Government Subsidies Ending

Lower-income person paying 2% of their income on their premium for healthcare insurance pre-covid, now pay nothing. Higher income people currently pay no more than 8.5% of their income on their premium. Pre-covid they were originally ineligible for financial assistance. All of this will change with the passage of Trump’s bill. Enhanced subsidies for Affordable […]

A Handout to the Wealthy

This report or document is one year old. It still has a foundation for what is being said. State Superintendent of Public Instruction Tom Horne assumed the office in 2023. Previously he served as State Superintendent of Schools from 2003 to 2011. Obviously, he has the background or does he? Not sure. Universal school vouchers […]

Trump’s voodoo economics

Trump claims his tariffs will bring in $3 trillion, enough to pay for the Big Beautiful Bill and also lower the national debt. This is magical thinking. Tariffs are simply a consumption tax that hits the middle class and working class hardest. It makes goods more expensive, driving inflation. It takes money out of the […]