The BLS has come out with another huge rug-pull on its nonfarm payroll count. And also, predictably, this has triggered loud blathering from both Wall Street and the White House on behalf of exactly the wrong conclusion. To wit, we don’t need any more Fed rate cuts! And we don’t […]
The Donald seems to be continuing his bombing campaign, albeit this time by pivoting back to the home front and taking aim at “Too Late” Jay. As usual, Trump has his facts all wrong about who has had how many rate cuts and that inflation has miraculously disappeared since January […]
If you don’t think Washington is in the maws of a Fiscal Doomsday Machine, think again. And the place to start is with the 30-year CBO projections—expressed as the dollar increase from the current $29 trillion level of publicly held US Treasury debt. To wit, if Washington does nothing except […]
Sure, Zohran Mamdani, surprise winner of the Dem primary for New York City mayor, is an ultra-left-wing wackadoo. But it occurs to us that this veritable assault on sanity— via the election of a 33 year-old nincompoop who wants rent controls, free day care, communist grocery stores, and confiscatory taxes […]
The Donald called Fed Chairman Powell a “numbskull” recently and deservedly so. But to paraphrase an old adage, when the cap fits said numbskulls tend to wear it themselves. Surely, that’s where we are this morning upon Israel’s reprehensible attack on Iran’s civilian nuclear facilities and decapitation of its military […]
The true scandal of current American fiscal governance needs be commented on. Or, better still, hammered upon good and hard. To wit, the American electorate apparently doesn’t give a shit about runaway government spending because as a practical matter the overwhelming share of voters don’t pay the taxes to fund […]
Submitted by Subwo Guest Post by David Stockman The case for getting out of NATO encompasses four fundamental propositions: Part 1 As to the impending fiscal calamity, just recall this sequence. When Ronald Reagan attacked the soaring Federal deficits in 1980 the public debt was less than $1 trillion and about […]
They must be sweating bullets in the Washington Swamp. Kash Patel was confirmed as FBI director, and that means there is going to be a caravan of DOGE trucks hauling out the dead bodies right soon. Especially after the FBI went all-in on the Deep State campaign to defenestrate Donald […]
The following is Chapter One of David Stockman’s latest book, How To Cut $2 Trillion: A Blueprint From Ronald Reagan’s Budget Cutter To Musk, Ramaswamy And The DOGE Team. We encourage you to buy copies for your Senators and members of Congress and to share the Amazon link with as many […]