Friday, March 31, 2023
Thursday, March 30, 2023
Wednesday, March 29, 2023
Tuesday, March 28, 2023
Sunday, March 26, 2023
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.
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.
In 2021, Medicare benefit payments totaled $829 billion, up from $541 billion in 2011.
Saturday, March 25, 2023
Friday, March 24, 2023
Thursday, March 23, 2023
Umm … the banks are melting— Elon Musk (@elonmusk) March 23, 2023
Wednesday, March 22, 2023
Tuesday, March 21, 2023
Monday, March 20, 2023
Sunday, March 19, 2023
Saturday, March 18, 2023
Friday, March 17, 2023
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.
Thursday, March 16, 2023
Wednesday, March 15, 2023
Tuesday, March 14, 2023
Monday, March 13, 2023
And then, once the management of Silicon Valley Bank and Signature screwed up badly enough, the federal government decided, “Never mind. We’re going to protect every amount for every bank customer.” The Biden administration may not like people calling that a bailout, but that is indeed a bailout.As our Phil Klein writes, “In practice, it has created a huge moral hazard by signaling that the $250,000 FDIC limit on deposit insurance does not exist in practice. The clear signal it sends is that when financial institutions make poor decisions, the government will swoop in to clean up the mess.”As the editors of the Wall Street Journal conclude, “This is a de facto bailout of the banking system, even as regulators and Biden officials have been telling us that the economy is great and there was nothing to worry about.”
MIT economist Simon Johnson: “Disingenuous: that’s the right word to describe anyone (Treasury official or not) who claims the DIF is not ultimately backed by the taxpayer.“— Jeff Stein (@JStein_WaPo) March 13, 2023
Sunday, March 12, 2023
Saturday, March 11, 2023
President Biden released his 2024 budget request Thursday while continuing to accuse Republicans of scheming to cut benefits for seniors. But he’s got it backward. By advancing policies that hinder the economic growth that drives prosperity, Mr. Biden and his Democratic colleagues are the ones depriving Social Security and Medicare of the hundreds of billions of dollars those programs need to remain solvent.
Friday, March 10, 2023
Thursday, March 09, 2023
In an absolutely shocking piece of “journalism,” the New York Times profiles how the office of John Fetterman is operating while the senator recovers from severe depression and a stroke at Walter Reed Hospital.There is so much in this report that is wrong, troubling, or outright horrifying that it cannot be covered in a single blog post or column. Here’s one: “It is not unusual for lawmakers to be told by members of their staff, sometimes after the fact, what bills they are co-sponsoring.” This is simply not true.
Wednesday, March 08, 2023
Of course. I watched Tucker's Monday show (missed Tuesday) and all he did was provide additional footage and context that was denied the American people during the sham J6 hearings. It was always a Soviet show trial and Tucker proved that by showing videos pushing back on the chosen narrative. Watching the Shaman politely escorted by Capitol Police and Brian Sicknick upright moments after he was "killed" was a revelation conveniently hidden from view up until now.
But Democrats, as always, are eager to confront those they disagree with facts on their side, right? That's why this headline was exciting! "Sen. Chuck Schumer agrees to go on Tucker Carlson’s show IF… (LOL)."
Yeah, they don't do that. Otherwise you end up getting called out on national television. Stay in your safe zone, kiddos.
Not only does this guy want to censor Tucker he wants to compel his speech before he even goes on his show.— Sean Parnell (@SeanParnellUSA) March 8, 2023
Dems cannot tolerate any dissenting views. Ever.
They are unbelievably weak. https://t.co/RPPvkEDOmE
Tuesday, March 07, 2023
Monday, March 06, 2023
Sunday, March 05, 2023
University of Massachusetts Amherst is warning against a TikTok trend after the Amherst Fire Department received 28 calls for ambulance transports over the weekend.UMass and Amherst officials said in a press release that numerous students were seen carrying “borgs” or “blackout rage gallons,” gallon jugs filled with alcohol, electrolytes and water, during off-campus student gatherings on Saturday. The binge drinking trend gained popularity on the social media app TikTok and has been seen at colleges around the country.
Saturday, March 04, 2023
Friday, March 03, 2023
As is her wont, Justice Sonia Sotomayor would like the case to be decided on emotional grounds. She said to Nebraska’s attorney, “There’s 50 million students who will benefit from this. Many of them don’t have assets to bail them out after the pandemic. And what you’re saying is that we’re going to give judges the right to determine how much to give them instead of the Secretary of Education.” That probably won’t sway any of the justices who understand that the case turns on the legality of what the president has decreed, not on how many people might benefit from having their student loans cancelled.
Thursday, March 02, 2023
My feeling is that this effort to disappear obligations to the government is so wildly unconstitutional that only Sotomayor could possibly vote for it.
This is a nonsense argument from Sotomayor. First off, the question before the Court is not “how much aid” to give to students. The question before the Court is whether the statute it is examining — the 2003 HEROES Act — confers upon the executive branch the power to do what it’s trying to do. If it does, it does. If it doesn’t, it doesn’t. The amount of aid doesn’t enter into that calculation. Neither does the level of “expertise and experience” exhibited by the incumbent Secretary of Education. That Secretary could have the most sparkling mind in American history, or he could be a total moron, and, in both cases, the issue before the Court would be same: “Does he have the power to do it?” There is no provision within the United States Constitution that accords unlimited power to bureaucrats simply because some people consider them to be well-credentialed.As for Sotomayor’s suggestion that, by superintending this statutory matter, the Court is taking it upon itself to set policy, “instead of leaving that decision in the hands of the person who has experience with these questions,” that too is absolute rot.