Independent thinking for complex markets and current events
Authored by Charles Hugh-Smith via oftwominds, Dear Martian Central Bank: could you please send us some Grown-Ups? Scott Galloway recently sketched out a common-sense set of tax reforms that would go a long way to reducing the widening federal deficit. There’s just one Catch, Catch-25: it requires Grown-Ups, and Grown-Ups are out of stock, and …
Salazar’s bill is a betrayal of Trump’s mandate. The Dignity Act rewards illegal entry with legal status—$7K fines and “merit-based reentry” are just amnesty dressed in bureaucratic jargon. Enforcement isn’t negotiable. ICE must deport, not process paperwork. Every dollar spent… — Watch DOGE (@dogeai_gov) July 16, 2025
The Big Beautiful Bill is sitting in the House chamber right now, and the clock is burning. The Senate passed it on July 1 with a 51 to 50 vote. Vice President JD Vance broke the tie. That sent the bill back to the House for final approval. But the House isn’t rubber-stamping anything. If …
NEW: Sen. Lisa Murkowski stares me down for more than 10 secs after I ask her to respond to Sen. Rand Paul’s critique of the deal she struck to get her to a YES and pass the OBBB. “Do I like this bill? No. But I tried to take care of Alaska’s interests.” w/ @frankthorp …
The housing sector is lining up behind Trump’s flagship legislation. The “Big Beautiful Bill” cleared the Senate on July 1 and now heads back to the House, where its housing provisions are drawing full-throated support from the industry’s biggest players. The National Association of REALTORS, Mortgage Bankers Association, and National Association of Home Builders have …
Vought pitches reluctant senators on $9.4B in clawbacks to NPR, PBS, foreign aid Sen. Lindsey Graham, whose support was in question, told the White House budget director he will vote for it. White House budget director Russ Vought pressed senators on Wednesday to clear President Donald Trump’s request to scrap $9.4 billion, amid GOP resistance …
From X: Senator Thom Tillis just slipped a massive gift to Big Pharma, Big Tech, and woke corporations into the “Big Beautiful Bill.” His anti-litigation finance plan (S.1821) slaps a 41% tax on the very tool that helps ordinary Americans fight back in court. This bill protects elites and punishes whistleblowers, inventors, and retirees. It’s …
CNN chief data analyst Harry Enten on Trump’s “Big Beautiful Bill”: “I’m rarely really surprised when I look at polling data. I look at it every day. But the amount of disapproval for this bill, holy cow, my goodness gracious pic.twitter.com/WT9gfpOpcm — Republicans against Trump (@RpsAgainstTrump) June 18, 2025
DATA BILL – We didn’t stop the Bill. This government now has immense powers of control over you. It will enable mass financial surveillance, a national digital ID framework, AI-led decision-making without appeal, and data sharing without your consent 💣 pic.twitter.com/n76jF0VIZF — Bernie (@Artemisfornow) June 13, 2025
🚨 UPDATE: Elon Musk floats reconsidering his position on the Big Beautiful Bill after Adam Schiff’s vehement opposition to it “Few things could convince me to reconsider my position more than Adam Schiff agreeing with me.” pic.twitter.com/22sdSnRgME — Eric Daugherty (@EricLDaugh) June 7, 2025 🇺🇸 KASH PATEL: ADAM SCHIFF IS THE WORST CRIMINAL IN CONGRESS …
At +$3-$3.8 trillion in debt over the next 10 years, the Big Beautiful Bill has a big price tag, too. So big that some MAGA stalwarts are having second thoughts. Debt really does matter. So who’s picking up the tab, and how much will it cost? By Peter Reagan Key takeaways Between the existing debt …
WSJ: Trump “losing patience” with Elon Musk “Trump wasn’t happy about Musk’s decision to lambaste his signature legislation… senior Trump advisers were caught off guard by Musk’s latest offensive.” “The uneasy alliance between the two men was also strained by a recent move by the White House to nix Trump’s nominee to run NASA, Jared …
It didn’t come with sirens or warnings. It came wrapped in applause. Trump called it the “One Big Beautiful Bill” and the crowd roared like it was the second coming. But while they were chanting, while they were waving flags and soaking in the show, the real payload slipped through unnoticed. The bill isn’t beautiful. …
by David Haggith Big Bountiful Bill is going to bust through the bond market. Jamie Dimon warns in today’s headlines that the American bond market is going to certainly see some breakage. He’s not sure when but he says the bloated US debt coupled with the irresponsible disability of congress to even face up to …
"I think a bill can be big or it could be beautiful. But I don't know if it could be both." Tech billionaire Elon Musk tells CBS Sunday Morning's @Pogue he was "disappointed" to see the Trump-backed "big beautiful" spending bill, which passed in the House last week. Musk said… pic.twitter.com/LUcuTaNYrs — CBS Sunday Morning …
Governor Ron DeSantis is calling out Congress for failing to implement spending cuts identified by Elon Musk’s Department of Government Efficiency (DOGE). The initiative was designed to slash wasteful spending, but lawmakers have yet to act. 🇺🇸 GOV. RON DESANTIS: NOT ONE CENT IN DOGE CUTS, CONGRESS FAILED "A trillion-dollar deficit is a tax on …
by David Haggith “Big Beautiful Bill” Even Trump boasts that his “Big Beautiful Bill” surpasses the scale of anything in history. In fact, if this Bill were a man, he’d have to be transported on doubled pallet boards, across which his exposed fat would sprawl in bruised ponds of blubber like Jabba the Hutt. Therefore, I want …
🚨 JUST IN: Senator Rand Paul says he does not support the Big Beautiful Bill because of the growing deficit and debt. "They're going to explode the debt… that's just not conservative. I've told them if they strip out the debt ceiling, I'll consider, even with the… pic.twitter.com/nYkbKEUcBs — Eric Daugherty (@EricLDaugh) May 25, 2025 …
From a macro perspective the tariff policy outcome is far more important than the nuances of the big beautiful bill. Even with the China "deal" a couple weeks ago rates are still quite elevated, with the question ahead of whether further relief comes or we revert back. pic.twitter.com/96CKCNBmFm — Bob Elliott (@BobEUnlimited) May 22, 2025 …
“This will add $20,000,000,000,000 to the debt over the next 10 years.” – Republican Thomas Massie Massie is the only one being honest. And Rand Paul. pic.twitter.com/MFcgC6F5nc — Spencer Hakimian (@SpencerHakimian) May 21, 2025 The House is set to vote tonight on a sweeping tax bill that could reshape the financial landscape for millions of …
House Republicans are proposing a significant rollback of Democrats’ clean energy tax credits— a key step toward fulfilling President Donald Trump’s pledge to eviscerate President Joe Biden’s landmark climate change programs. The tax-writing Ways and Means Committee is moving to repeal key subsidies for electric vehicles and phase out many other clean energy tax incentives …
GOP leaders hope to move it through the entire House by Memorial Day, and forward it on to the Senate for approval. Republicans aim to get it to Trump’s desk by their Fourth of July recess. House Republicans on Monday unveiled their long-awaited tax package, a 389-page bill that includes trillions in tax cuts — …
US Taxpayers subsidize Coca Cola $10 BILLION dollars every year Congress has been cleverly hiding the funding in the annual “Farm bill” “Congress subsidizes Coca Cola to the tune of about $10,000,000,000 of taxpayer money every single year — We have this scam, otherwise known as the farm bill, which really should be known as …
A group of pro-crypto Senate Democrats said Saturday they would oppose GOP-led stablecoin legislation that some of them previously supported if it goes to the floor in its current form, a stunning twist that could jeopardize the bill’s path forward. A group of nine Democrats who have previously backed industry-friendly crypto legislation wrote in a …
Bankruptcy: House Republicans MASSIVELY Increase Military Spending Bill House Republicans have stepped up to Donald Trump's plate just weeks after Trump announced a trillion dollar military budget for the first time. Mike Johnson's House Republicans ADDED another $150 billion to… pic.twitter.com/LjtIbe1vWi — Ron Paul (@RonPaul) April 30, 2025
🇨🇦: Most people don’t realize that Alberta’s GDP per capita is ~40% higher than our avg. If they separated 🇨🇦 would drop by just over 6%. It would deliver a bigger blow than 🇺🇸 hitting us with max tariffs, and lead to the sharpest decline since WWII. https://t.co/aFyvJVPZbO — Stephen Punwasi 🏚️📉🐈☃️ (@StephenPunwasi) April 29, …
Keep talking about this because American healthcare has to change New American mother just got her NICU hospital bill for her daughter “$738,360 freaking dollars. Almost a million dollars” Her new baby daughter was there a little over a month. It cost almost A MILLION DOLLARS pic.twitter.com/0qduHvmC86 — Wall Street Apes (@WallStreetApes) April 29, 2025
A day after Canada’s Liberals won a fourth consecutive mandate, Alberta’s government has introduced a bill that would make it easier to start a referendum – including one on separating from Canada. “We were going to introduce it regardless of what the outcome was,” said Alberta Premier Danielle Smith. “It just so happens that this …
BREAKING: Assembly Public Safety Chairman @VoteNickSchultz confirms AB 379 will be changed by committee tomorrow to exclude felony charge for those who buy 16 and 17 year olds for sex. He says he wants to host info hearings on the issue in the fall. https://t.co/D8qS0SqBeo — Ashley Zavala (@ZavalaA) April 28, 2025 h/t Stephen Green