By Richard Duncan In recent years, the United States has experienced widespread economic discontent that has resulted in a bitter partisan divide in politics. At the same time, China has emerged as a geopolitical rival that threatens the United States’ economic, technological and military primacy and, therefore, US national security. If the US does not act quickly the … Read more
Update to ‘Traitor’ Kevin McCarthy Goes To Wall Street To Sell A Non-Existent GQP Plan On Debt Ceiling And Budget. David Badash reports, GOP leader McCarthy went to Wall St. to sell his debt ceiling scheme — and it’s not going well for him: Speaker of the House Kevin McCarthy traveled to Wall Street on … Read more
“Traitor” Kevin McCarthy has been trying to get President Biden to negotiate against himself, but Biden has been having none of it since January. Biden’s message to McCarthy ahead of critical White House meeting: Show me your plan: ‘Biden, asked by CNN what his message to McCarthy would be in that meeting, said it would … Read more
A new GOP bill, formally entitled the ‘Death Tax Repeal Act,’ would enable our super-rich to avoid both income and estate tax on their investment gains. [Cross-posted from Inequality.org] Under America’s current loophole-ridden tax law, rich people — even billionaires — can pass unlimited investment gains to their descendants without paying a dollar in income … Read more
Dana Milbank writes at the Washington Post: Speaker McCarthy defaults — on his promises The IOUs Kevin McCarthy gave out to win the speakership are now coming due — and it appears the poor guy is going to default. The California Republican promised right-wing holdouts that he would deliver a budget that balances within 10 … Read more