Israel Kills Qud Force Leaders; Iran Vows Revenge

Another escalation in the longstanding “shadow war.”

Comparative Recoveries

The US is doing better than peer economies.

Bidenomics?

The President is trying to change perceptions ahead of the election.

Republicans and Democratic Backsliding

When winning is the only acceptable outcome.

President Joe Biden speaks on the phone with EPA Administrator Michael Regan and Ohio Governor Mike DeWine about the toxic train derailment in East Palestine, Ohio, Tuesday, February 21, 2023, at the Warsaw Marriott Hotel. President Joe Biden speaks on the phone with EPA Administrator Michael Regan and Ohio Governor Mike DeWine about the toxic train derailment in East Palestine, Ohio, Tuesday, February 21, 2023, at the Warsaw Marriott Hotel.

SVC, Bank Contagion, and Government Action

The Biden administration had little choice but to act.

The free high-resolution photo of person, photography, money, child, business, singing, euro, merit, businessman, finance, wealth, profit, performing arts, stock exchange, revenue, investments, speculate, stock broker, speculation, share price, capital market , taken with an NIKON D3200 02/10 2017 The picture taken with 250.0mm, f/7.1s, 10/400s, ISO 400 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required. The free high-resolution photo of person, photography, money, child, business, singing, euro, merit, businessman, finance, wealth, profit, performing arts, stock exchange, revenue, investments, speculate, stock broker, speculation, share price, capital market , taken with an NIKON D3200 02/10 2017 The picture taken with 250.0mm, f/7.1s, 10/400s, ISO 400 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required.

Silicon Valley Bank Too Big to Fail?

Here we go again.

Tabby Thursday

A little debt ceiling, a little higher ed, and other misc delights.

Yellen Again Rejects Trillion Dollar Coin

A silly workaround to an infuriating problem that won’t go away.

State Department to Spell Turkiye ‘Turkiye’

The US Government has reluctantly decided to spell an ally’s name they way they prefer.

Dems Considering Releasing Trump Tax Records

It would be an abuse of power.

Policies in Conflict

The Biden Administration wants clean energy but only for some.

Is Biden Hiring 87,000 New IRS Agents? Not Exactly.

A new meme started by Republican leaders is mostly false.

Coronavirus Relief Funds Diverted to Pet Projects

Because of course it was.

West Accelerates Pressure on Russia

NATO has stepped up in a pleasantly surprising way to resist the Ukraine invasion.

The free high-resolution photo of person, people, girl, boy, child, children, poverty, 2010, afghanistan, afghani , taken with an Canon EOS 5D Mark II 03/14 2017 The picture taken with 50.0mm, f/8.0s, 1/100s, ISO 200 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required. The free high-resolution photo of person, people, girl, boy, child, children, poverty, 2010, afghanistan, afghani , taken with an Canon EOS 5D Mark II 03/14 2017 The picture taken with 50.0mm, f/8.0s, 1/100s, ISO 200 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required.

US Sanctions Compounding Afghan Crisis

Children are starving and it’s partly our fault.

Debt Ceiling Thoughts

American exceptionalism at its worst. (Plus some history!).

The 1% are Paying Slightly Less Tax Than They Owe!

An interesting but rather misleading report from a Biden Treasury official.

Capitol Riots Caused $1.5 Million Damage

Prosecutors want rioters to pay for it.

Trump Campaign-Russian Intelligence Link Definitively Established

RussiaGate is back in the news but the story is unlikely to move the needle.

I love taxes police money Euros I love taxes police money Euros

A W-2 for Business Income

An interesting proposal to improve tax collection.

NY Post Agitprop

Rudy Giuliani and a hack tabloid are trying to revive the Burisma story.

Russian Flag with Person with computer in front of it. Russian Flag with Person with computer in front of it.

Justice Department Prosecuting Russian Interference

A pleasant surprise.

Trump Bans ‘Critical Race Theory’ in Federal Training

As Election Day draws closer, the President is doubling down on stoking racial resentment.

Famous People Got Loans!

The Paycheck Protection Program protected some interesting paychecks.

President Donald J. Trump is seen on a cellphone screen as he addresses his remarks at a White House Coronavirus Taskforce update briefing Monday, March 9, 2020, in the James S. Brady Press Briefing Room of the White House. (Official White House Photo by D. Myles Cullen) President Donald J. Trump is seen on a cellphone screen as he addresses his remarks at a White House Coronavirus Taskforce update briefing Monday, March 9, 2020, in the James S. Brady Press Briefing Room of the White House. (Official White House Photo by D. Myles Cullen)

NSC Sounded Coronavirus Alarm But Was Ignored

Political considerations overruled warnings from national security and health professionals.

$2 Trillion Relief Deal Reached

Finally.

Trump Speaks on Coronavirus…

…and confusion (and a further market tumble) ensues.

tax taxes pig piggybank dollar signs chalkboard tax taxes pig piggybank dollar signs chalkboard

No, The Republican Tax Cuts Aren’t ‘Paying For Themselves’

Contrary to the promises of December 2017, the Republican tax cuts are not paying for themselves. Instead, they are helping lead us to trillion-dollar deficits.

Trump’s Bizarre, Unhinged Letter to Erdogan

There’s no rational explanation for this.

Yes, More Problematic Communications from Trump

Not surprisingly, there are other phone call transcripts and other communications that further complicate Trump’s position.

Welcome Back To The World Of Trillion-Dollar Deficits

As predicted, the Federal Budget Deficit has crossed the threshold back into the world of trillion-dollar deficits. This is all due to the hypocrisy of Republicans and so-called conservatives.

Budget Deficit Growing Faster Than Expected, CBO Reports

Thanks for nothing, Republicans.

Trump Delays Tariffs On Chinese Consumer Goods

President Trump is delaying implementation of his recently announced tariffs on Chinese goods.

Budget Deficit Sets Another Record Under Trump, Heads Toward $1 Trillion

The Federal Budget Deficit rose 27% in July, putting it on course for the $1 trillion by the end of September.

California Lawmakers Pass Bill Requiring Candidates To Release Tax Returns

California’s legislature has passed a law purporting to require candidates for President to release copies of their tax returns, but it’s likely to face legal challenges if it becomes law.

Raise The Debt Ceiling? Let’s Eliminate It Instead

The Trump Administration is warning Congress that we will need to raise the debt ceiling by September. Congress should take this as an opportunity to eliminate it entirely.

Federal Budget Deficit Near $750 Billion For First Three-Fourths Of Fiscal Year

The Federal Budget Deficit passed the $700 Billion mark with three months still to go in the Fiscal Year.

Biden Exploited Tax Loophole on Book Income

President Obama wanted to end it but his former VP used it to his advantage.

House Committee Sues Mnuchin For Trump Tax Returns

As expected, the House Ways & Means Committee is suing Treasury Secretary Mnuchin over his refusal to provide the committee with copies of the President’s tax returns.

Trump Imposes New Sanctions On Iran. They Won’t Work.

The Trump Administration unveiled new sanctions against Iran yesterday. They’re unlikely to accomplish the entirely unrealistic goals the President claims to have in mind.

Justice Department Legal Arguments For Withholding Trump Tax Returns Lack Merit

The Justice Department has released a memo attempting to justify the Administration’s refusal to comply with a subpoena for the President;’s tax returns. Their argument is weak to say the least.

Congressional Oversight is not Overreach

While the scope of Federal power has expanded beyond the ken of the Framers, this is not an example.

New York Passes Law That Will Allow Congress To Get Trump’s State Tax Returns

New York has passed a law that would allow Congress to obtain copies of the President’s New York State tax returns.

Trump Administration Punts Yet Again On Putting Harriet Tubman On The $20 Bill

Treasury Secretary Steve Mnuchin punted once again on the question of replacing Andrew Jackson on the $20 bill, making clear that any change that does occur won’t happen until after Donald Trump is out of office.

I.R.S. Contradicts Mnuchin On Providing Trump Tax Returns To Congress

A previously confidential I.R.S. memo contradicts the Administration on the issue of providing copies of the President’s tax returns.

Mnuchin Won’t Comply With Subpoena For Trump Tax Returns

Treasury Secretary Steve Mnuchin has informed Congress that he will not comply with a subpoena seeking the President’s tax returns, meaning that we’re headed for a court battle.

Trump Set To Place Tariffs On Another $540 Billion Of Chinese Goods

The Trump Administration is proposing another round of tariffs on even more Chinese goods.

House Committee Issues Subpoena For Trump’s Tax Returns

The House Ways and Means Committee voted to issue a subpoena the President’s tax returns, but whether it will ever see them is unclear.

Can the Constitution Handle Trump?

The President is systematically defying Congress. Whatever can be done about that?

Mnuchin Tells Congress He Will Not Turn Over Trump’s Tax Returns

The Treasury Secretary is declining to comply with a Congressional request for the President’s tax returns. Whether this is proper is a question that will have to be resolved by the courts.