Democrats have used the the 2021 budget reconciliation process to pass the $1.9 trillion American Rescue Plan. This was made possible because Congress did not pass a budget resolution last year which allows Democrats to make use of it in 2021. Schumer plans to use the 2022 budget vehicle for individual portions Biden’s infrastructure and […]
Revising the 2021 Budget to Pass Additional Budget bills
Is the Biden Presidency The Final Triumph Of The Silent Generation?
Is the Biden Presidency The Final Triumph Of The Silent Generation?, Econospeak, Barkley Rosser The who? Never heard of them? Or never heard from them? More like the latter. After all they have not been called “Silent” for nothing. Yes, it seems that we alternate generations between large noisy ones and smaller quieter ones. The […]
Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement
Via the Oklahoman comes this news on Republican state legislation. I believe Florida and other states are enacting radical ideology in more than the voting rights arena: Oklahoma charter schools granted local tax revenue in ‘seismic’ settlement A groundbreaking settlement will fundamentally change the way charter schools are funded in Oklahoma, despite vehement opposition from the state’s top […]
“Personal income decreased $1,516.6 billion in February”
Commenter R.J.S., MARKETWATCH 666 Personal Income down 7.1% in February, Personal Spending down 1.0%, PCE Price Index up 0.2% The February report on Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 1st quarter GDP, since it gives us 2 months of data on our […]
Monday Morning Reads
The Real Border Crisis, The Atlantic, Adam Serwer, March 2021 This border surge is no different than 2019 and going back a decade. It will peak in May and the decline. What is the border crisis? Is it the recent surge of migrants, or is it the treatment of those migrants in detention facilities? The answer […]
Box Ship Stuck in the Suez Canal
Mike’s Blog Roundup with Infidel 753 today featuring a Sunday post from “Butterflies and Wheels,” Ophelia Benson used commenter Freelander’s words about the Container ship stuck in the Suez Canal.. Whew, that was a long chain of tributes. If you do not know, the Suez is a short-cut saving days and tons of fuel used […]
Weekly Indicators for March 22 – 26 at Seeking Alpha
– by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. For the first time since I started tracking this data, literally every single one of the coincident indicators is positive. We are starting to experience a boom in economic growth that I expect to continue throughout most if not all of this […]
February Durable Goods: Orders Down, Shipments Down, Inventory Up
Commenter RJS at MARKETWATCH 666 February Durable Goods: New Orders Down 1.1%, Shipments Down 3.5%, Inventories Up 0.7% The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for February (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods decreased by $2.9 billion or 1.1 percent […]
Utopian Socialism Brings About Toilet Paper Shortages Maybe In The Near Future
Utopian Socialism Brings About Toilet Paper Shortages Maybe In The Near Future Yeah, to heck with “socialism” in any of its forms, even old varieties that Marx and Engels denounced, neologizing the label “utopian socialism” for its advocates, even as they made clear their respect for the intentions at least of their intentions, even as […]