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

Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough

Initially presented at KFF, “Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough.” Yves Smith also features the same article at Naked Capitalism as of April 8. The discussion is over medical debt. The opinion offered by Yves is such that the buying up of medical debt is […]

Health MA Plan Insurers’ big win

If you are not aware, each group bids on the area they will serve. CMS pays them a certain amount. What occurs is over-prescribing the condition of the patient and withholding care. In each case the group providing the car is paid. Both have been going for a long time. The last report detailed over […]

Bunch of Graphs and Brief Conversation About the Burden of “Income Taxes”

It is difficult to believe Americans do not have a negative opinion about the 2017 income tax cut which as expected did not pay for itself. Instead, we have trillions in deficit which we will have to make up. The benefit went to the upper 1% and you can throw in the 5% also. Similar […]

Daily T—-p tariff recession watch

As outlined in Monday’s report, NDd will cover the impact of a tariff caused recession in his daily reports. Daily T—-p tariff recession watch: no evidence of hard data deterioration to start  – by New Deal democrat Are the T—-p tariffs quickly putting the US into a recession?  As I wrote yesterday, there are two daily […]

The end of IRS enforcement

Don’t like income taxes? Next year, don’t pay ‘em. Who’s gonna force you to? “DOGE is also in the process of essentially closing down the Tax Division at the Department of Justice. “Since the Tax Division is a statutory creation, it can’t literally be shuttered. As DOGE has done at numerous other offices and agencies, […]

Some Regrets and Some Lack Thereof . . .

Subscriber to Kareem’s messages and wit. The link is there if you wish to read the rest of his message. How do you justify what is occurring? We are preparing for an economic plunge by staying out of debt and having the funding to carry us through. It is not like the country did not […]

Clueless and Rich

I worked in Supply Chain a lifetime. Doing the planning, purchasing the materials, negotiating the pricing, negotiating the needs of manufacture in failing and growing economies, and being efficient in my planning of it. There were those of us doing what was necessary and those that talk about it. In this case, Krugman discusses who […]

Hospital emergency departments face crisis

By law, everyone who arrives at emergency departments must be assessed and stabilized, regardless of their ability to pay. This makes EDs, the most expensive form of healthcare, a provider of last resort for the uninsured. Nationally, hospital EDs handle 120-140 million visits each year, and the number of hospital emergency departments is declining, with […]

Second largest Automaker makes Dramatic move and Stops all US Car Imports

Imposing a tariff may not be the best idea. Forcing manufacture or assembly in the US may be a better idea. The idea is to bring manufacturing back to the US. And either of the former are not ideal. “World’s second largest automaker makes dramatic move as it stops all US car imports,” Daily Mail […]