Congress is floating Social Security fixes that could push millions of Americans past a 50% marginal tax rate. I have been around long enough to know this is not reform, it is a shakedown dressed up in bipartisan language.
Two Wall Street Journal editorials in one week pushing for a $1.5 trillion military budget. Before you nod along, I want you to do one thing: look up who wrote them and find out who signs their paychecks. What you find will not surprise me, but it should outrage you.
The same Republicans who ran up a two trillion dollar deficit in a single year are now on your TV telling you they are going to fix the debt. And the financial press is letting them get away with it. I am not.
They ran the feel-good CNBC segment. They lined up the Wall Street Journal editorial. They’ve got the anecdotes about teacher bonuses and lower property taxes ready to go. The data center sales campaign is in full swing, and they want you to sit down, smile, and stop asking questions.
Trump wants to hand federal tax incentives to Hollywood studios and the millionaires who run them. The pitch is that it pays for itself tenfold. The reality is that you are picking up the tab for California’s bad decisions.
Someone stood up and told the American public we could hit 20% GDP growth. I pulled the actual data. Twenty-six years of history says otherwise, and the mechanism to get there would destroy your savings.
A 16 billion dollar settlement sounds like accountability until you realize it’s just Meta buying a permission slip to keep the addiction machine running. I called this in 2006, and the playbook hasn’t changed.
Renamed lakes. Cartoon geese. Viral memes. Meanwhile, your government just proved again that it has zero actual intention of fixing a $40 trillion debt crisis. I am calling it out because nobody else will.
They are going to sell you a VAT tax as a fix for the national debt, and most people will not even realize what hit them until the price of everything they buy goes up. I have been watching this play develop for years, and here is exactly how the political class is going to pick your pocket while calling it fiscal responsibility.
A few million dollars becomes $3 billion in 18 months, and the financial press can’t figure out why. I can. And so can you, if you’re paying attention.