Getty’s Kevin Dietech snapped this picture of Republican Majority Leader Mike Johnson peering over his shoulder as he enters a meeting. Or what looks like a meeting. One of several authors writes it is a House Rules Committee Meeting. And probably about Trumps “Big Beautiful Bill.” “The Devastating Harms of House Republicans’ Big, ‘Beautiful’ Bill […]
– by New Deal democrat Since new and existing home sales were released just one day apart, I figured I would report on both of them together; in particular because for well over a year I have been looking for, and tracking, the rebalancing of this market, where a lack of inventory of existing homes […]
I subscribe to Robert Reich’s site also. The old economist as he calls himself asks that subscribers publish this particular commentary of Roberts, He is attempting to publish more information above Trumps tax cut bill. I can vouch for question 1 as I posted on how a cut in Medicare could happen. Robert is claiming […]
– by New Deal democrat Today let me address the GOP bust-out budget bill, and how that plays into Moody’s downgrade of US debt last week. And the bottom line is that, it is bad. The rubber is starting to hit the road. Let me start out with the below graph from the CBO of the […]
Briefly, a fast read . . . Trumps extension of the 2017 Tax Cuts and Jobs Act (TCJA) is a $3.8 trillion extension of it which will mostly benefit the wealthy and corporations. Professor Heather at “Letters from an American” (to which I subscribe) had this to say yesterday about the extension current being passed […]
And this amount is still wasted today. Not much has changed since 2014 when this was written and also appeared on Angry Bear. I have added some links at the end for reading and backup. And like then, rather than attack the issue, Congress is willing to cut services to the people needing Medicaid. It […]
– by New Deal democrat The story continues to be “same old, same old” with unemployment claims. Initial claims declined -2,000 last week to 227,000. The four week moving average rose 1,000 to 231,500. With the typical one week delay, continuing claims rose 36,000 to 1.903 million: The YoY story continues to be the same as […]
CEPR’s Brandon Novick wrote a piece on Medicare Advantage plans. It is brief enough to make for easy reading, It also gets to the point of Medicare Advantage plans. As it was commercial Medicare Advantage plans were overcharging for the same care Traditional Medicare would charge. In many cases the plans would not approve the […]
– by New Deal democrat A few days ago, Prof. Menzie Chinn at Econbrowser posted the below graphs comparing the time that hard vs. soft data reacted to economic shocks: As you know, I have been looking at hard “high frequency” data to see if any of the effects of Tariff-palooza! have shown up yet. And […]
The Atlantic Daily’s newsletter by David Graham’s. GOP House leaders still can not find a way to make the math of Trump’s tax bill add up. Gee, what a surprise . . . I do not get why this is any surprise. Beautiful the big bill ain’t or is not if the latter is your […]