In May, the U.S. government spent $628 billion yet collected just $335 billion in taxes. That means that balancing the budget would require taxes to almost double. Since that won't happen, massive money printing will cover the shortfall, sending consumer prices doubling instead.
Pretty much all of the prominent voices who supported the Iran War assured us it would be over by now. None of them will admit they were wrong. Even less will they admit that their initial assurances were based on nothing but their own wishcasting. This whole shitshow has been an enormous waste of time and resources and our country has not benefited from it at all. Its advocates have moved the goal posts repeatedly and have even to this day refused to clearly articulate what constitutes a victory and how we’ll know that it’s been achieved.
Libertarians are divided into two camps. Those who want the American experiment back, and those who want to sell crack to babies.
I believe it is bad to sell crack to babies.
Consumer confidence “unexpectedly” plunged from 48.2 in March to a record low of 44.8 in April. Contrary to the Fed’s claim that inflation expectations remain well anchored at 2%, consumers expect inflation of 4.8% over the next year, and for it to average 3.9% over the next ten!
When people blame resurgent inflation on tariffs or the war, they ignore the far bigger culprit: Trump’s Big, Beautiful Bill. Of all the damage Trump and Republicans have done to fuel inflation, nothing comes close to that ugly bill. That’s why @RepThomasMassie voted against it.
Thanks to Donald Trump, we now have two Democratic parties. With the defeat of @RepThomasMassie for being a principled fiscal conservative, the Republican Party basically exists in name only. We have two big-government political parties, each offering its own brand of socialism.