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US Poorer Than a Billionaire

Saturday, May 27, 2023

Money Crunch: Treasury Secretary Janet Yellen said that the government will run out of money by June 5th, four days later than the original projection, but still not leaving a lot of time for House Republicans and the White House to …

Oath Keeper Sent Up River

Friday, May 26, 2023

Arms and the Man: Stewart Rhodes, the founder and leader of the Oath Keepers with the pirate’s eye patch, was sentenced yesterday to 18 years in federal prison for seditious conspiracy in connection with the January 6th Capitol insurrection. It is the longest …

DeSantis Delayed by Twitter Glitch

Thursday, May 25, 2023

It’s Political: Rich Lowry of The National Review wrote about Florida Gov. Ron DeSantis that “It’s never a good sign when political analysts are writing ‘What Went Wrong?’ stories about your presidential campaign before it’s announced.     And then things went wrong …

Treasury on Thin Ice

Tuesday, May 23, 2023

Debt and Debate: A Washington think tank that tracks federal spending says the US will be dangerously close to default on its debt after Memorial Day.    “Come early June, Treasury will be skating on very thin ice that will only get thinner …

Debt Talks Today as Deadline Approaches

Monday, May 22, 2023

Debt and Debate: President Biden and House Speaker Kevin McCarthy have agreed to meet again today to attempt negotiating over the debt ceiling impasse. The Republicans are insisting on spending caps, work requirements for public benefit programs, and other demands in exchange …

Debt Talks Near the Precipice

Saturday, May 20, 2023

Debt and Debate: Talks between Republican and Democratic leaders about the national debt limit ended last night without any significant progress.    House Republican Majority Leader Kevin McCarthy said, “We can’t be spending more money; we have to spend less than we spent …

Disney Fires Missile at Florida

Friday, May 19, 2023

Don’t Mess With Mickey: Firing an interstate missile in its war with anti-woke Gov. Ron DeSantis, The Walt Disney Co. says it is cancelling plans to relocate a California-based division to Florida, abandoning its plan to build an office park for …

Evidence That Trump Knew Better

Thursday, May 18, 2023

Trumpty Dumpty: The National Archives has told Donald Trump that it will give documents to a special prosecutor proving that the former president and his top advisers understood while he was president the correct process for declassifying documents, undercutting Trump’s claims about powers …

Debt Deadline Looming

Wednesday, May 17, 2023

Debt and Debate: House speaker Kevin McCarthy left negotiations yesterday saying he’s encouraged that a deal can be reached on the debt ceiling and spending by the looming June 1st deadline for possible disaster.   “It is possible to get a deal by …

Talks Resume as Debt Crisis Looms

Tuesday, May 16, 2023

Cashing Out: Talks between Democrats and Republicans resume today about lifting the federal debt limit, with borrowed money expected to run out on June 1st and the government headed for a financial cliff. “I remain optimistic because I’m a congenital optimist,” President Biden …