Sunday, March 26, 2023

What an unexpected development

Wall Street Journal: "The Real Cost of the Inflation Reduction Act Subsidies: $1.2 Trillion - Goldman Sachs says the uncapped tax credits will cost three times what Democrats claimed."
The Inflation Reduction Act may go down as one of the greatest confidence tricks on taxpayers in history. Democrats used accounting gimmicks to claim the partisan law would reduce the budget deficit. But now a Goldman Sachs report projects its myriad green subsidies will cost $1.2 trillion—more than three times what the law’s supporters claimed.

The Congressional Budget Office forecast that the IRA’s energy and climate provisions would cost $391 billion between 2022 and 2031, but this appears to be a huge under-estimate. One reason is companies are rushing to cash in on tax credits that aren’t capped. The Biden Administration is also loosely interpreting conditions for the credits.
Of course they are.  Just like Obamacare or any other big government spending plan, the trick is to get it through Congress with promises of being "deficit neutral" and then cast away the spending limits.  Every. Single. Time:
At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost only about $12 billion by 1990 (a figure that included an allowance for inflation). This was a supposedly "conservative" estimate. But in 1990 Medicare actually cost $107 billion.
And now?
In 2021, Medicare benefit payments totaled $829 billion, up from $541 billion in 2011. 
Whoopsie!



Saturday, March 25, 2023

Very on-brand

College Fix: "A debate on DEI will be held at MIT. The university’s DEI deans refuse to participate."

"Deans," plural?   🙄

NPR is a clown show

Twitchy: "NPR roasted for claiming ‘limited scientific evidence’ trans women have a physical advantage."

I can't even listen to NPR on my morning commute.  It's not just the obvious political bias, it's stuff like this where they just make up fiction to suit their preferred narrative.

But, hey, if there's no physical advantage between the sexes, why do we even have the WNBA?  Let them all play together, equally.  Throw some boxing matches in there, too.

Friday, March 24, 2023

Michigan turns anti-choice

Reason: "Michigan Repeals Right-To-Work Law - A decade as a right-to-work state made Michigan better off." 

The Left hates free speech, Virginia edition

In this case, they're protesting against the governor of Virginia: "Diversity and Inclusion means shutting people up." - "The largest college Democrat group in Virginia wants you to know that keeping Republicans off campus is required if you value diversity and inclusion." 

Thursday, March 23, 2023

Inconceivable!

Associated Press: "Biden approval dips near lowest point: AP-NORC poll."

I'll tell you why: as inflation stays stubbornly high, the border is unguarded, and banks are failing, Joe Biden spent the week (so far) meeting with the cast of "Ted Lasso" and then handing out medals to Mindy Kaling and Bruce Springsteen.  Yesterday and today, he gave his same tired speech to two different groups.  It doesn't matter who the audience might be, Joey wants you to applaud his gracious spending of taxpayer money.  Joey doesn't want to be questioned.

Sure a recession is right around the corner but did you hear that insulin is only $35 now?


Tuesday, March 21, 2023

Save the internet millionaires!

Federalist: "The Silicon Valley Bank Bailout Sends Exactly The Wrong Message And Endangers The Economy." - "Normal people should be furious. Once again, the government changed the rules everyone lives by for a small, extremely wealthy, and politically connected group of people."

The most relevant commentary I've heard about protecting 100% of SVB's deposits is that it essentially sends the message that the Fed will protect 100% of all bank deposits everywhere.  After all, why should SVB get special protection above the standard FDIC limits?

Normally there's a process where a bank winds down assets and pays so many cents on a dollar to all creditors.  The Fed decided to just fire up the money printers - again.

Shouted down

Hollywood in Toto: "‘Ted Lasso’s’ White House Visit Proves Woke Is a Joke (Again)." 

Monday, March 20, 2023

Sunday, March 19, 2023

Fact checked, at last

Not the Bee: "Biden claims billionaires only pay 3% in taxes, gets absolutely clowned by Elon Musk."

Dementia Joe Biden has been repeating this completely bogus statistic that billionaires only pay 3% of their taxes for months now and this is the first time I've seen pushback.  My question is this: where are the keyboard warriors at the Washington Post and New York Times who were so eager to catalog every misstep of a certain previous President?

That was a rhetorical question.  We know it's (D)ifferent. 

Saturday, March 18, 2023

Wokesters don't like to be called woke

Federalist: "‘Woke’ Effectively Describes The Left’s Insanity, And That’s Why They Hate When You Say It." - "Woke-ism is intentionally ambiguous. So when you describe it, that offends those who wish for its intentions to remain murky."

Hence the bend towards censorship.

Friday, March 17, 2023

"You f--d up! You trusted us."

Red State: "Reporters Rip Into WH for Not Answering Questions, Then WH Stiffs Them Again."



Salt in the wound

It wasn't bad enough that Howard University lost in the first round of March Madness, they had to endure a cringe speech (is there any other kind?) from Kamala Harris.  Outkick: "Kamala Harris talks to Howard basketball team like they’re a bunch of little leaguers." 
It’s just so, so, so bad. Not only did these poor Howard players just lose by 30, but now they have to listen to Kamala Harris talk to them like they just lost the little league county championship game.
I have no idea why Kamala talks to everybody as if they're third-graders, with her exaggerated cadence and low-rent vocabulary.

At least she stopped talking about Venn diagrams.