The point of the debt ceiling melodrama is to give fiscal hawks another whack at budget-cutting. Tax increase are therefore off the table.
Recent Items
Sunday, August 31, 2025
‘Absolute Hypocrisy’: GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling About Debt
Topics: Banana republic, Credit markets, Doomsday scenarios, Income disparity, Macroeconomic policy, Politics, Ridiculously obvious scams, Taxes, The destruction of the middle class
Posted by Yves Smith at 5:00 am | 21 Comments »
“Why Jon Stewart Should Run for President”
The fact that Tom Neuburger is pumping for Jon Stewart is yet another proof of how terrible the Democratic party bench is.
Topics: Doomsday scenarios, Guest Post, Politics
Posted by Yves Smith at 4:37 am | 67 Comments »
2:00PM Water Cooler 2/16/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 97 Comments »
Sturgeon’s Departure Doesn’t Solve Scotland’s Problems
The Scottish National Party has been a victim of its and Nicola Sturgeon’s success. Scotland’s route to independence is now anyone’s guess
Topics: Guest Post, Politics, Social policy, Social values, UK
Posted by Yves Smith at 9:55 am | 29 Comments »
Links 2/16/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 217 Comments »
Iran And Russia Strengthen Military Ties With New Weapons Deals
Not surprisingly, Iran and Russia are increasing their cooperation.
Topics: Doomsday scenarios, Guest Post, Middle East, Russia
Posted by Yves Smith at 6:07 am | 12 Comments »
The Original Sin of Economics
How a bleak Christian theology influenced the development of economics.
Topics: Guest Post, Social policy, Social values, The dismal science
Posted by Yves Smith at 4:20 am | 42 Comments »
Occupy the SEC Questions Unduly Generous Treatment of Disclosures by Corporate Beneficial Owners, aka Potential Tax Evaders
Occupy the SEC objects to portions of supposed corporate transparency regulation that hide more than is called for.
Topics: Banking industry, Investment management, Legal, Regulations and regulators
Posted by Yves Smith at 4:16 am | 3 Comments »
2:00PM Water Cooler 2/15/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 95 Comments »
The Presentation of Video Evidence in Court Can Hold Sway in Cases Like the Beating Death of Tyre Nichols
Video is tricky, even when the user isn’t trying to spin its audience.
Topics: Guest Post, Legal, Media watch
Posted by Yves Smith at 9:55 am | 12 Comments »
Links 2/15/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 180 Comments »
An Inconvenient Apocalypse
Authors Jackson and Jensen argue that we need an acopalypse, as in a full recognition of conditions, to make radical envirnmental changes.
Topics: Doomsday scenarios, Economic fundamentals, Environment, Free markets and their discontents, Global warming, Guest Post, Permaculture, Politics, Species loss, The dismal science
Posted by Yves Smith at 4:57 am | 66 Comments »
Annual Services Inflation Rages at New Four-Decade High, Monthly Overall CPI Hottest Since June
Inflation is still very much with us….as if you didn’t know that.
Topics: Dubious statistics, Economic fundamentals, Energy markets, Federal Reserve, Guest Post, Investment outlook
Posted by Yves Smith at 4:47 am | 20 Comments »
CalPERS’ Refusal to Put Clearly Insolvent Long-Term Care Insurance Plan in Bankruptcy Increases Harm to Policyholders and Makes Board and Responsible Executives Liable
CalPERS continues to behave badly.
Topics: CalPERS, Legal, Politics, Ridiculously obvious scams
Posted by Yves Smith at 1:55 am | 14 Comments »
2:00PM Water Cooler 2/14/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 127 Comments »