Showing posts with label big beautiful bill. Show all posts
Showing posts with label big beautiful bill. Show all posts

05 July 2025

The Essence of the Ukraine War and Big Beautiful Bill

 Reflecting upon the West’s choices to engage in protracted development of the war in Ukraine with Russia, and for Congress’s passage of President Trump’s ‘Big Beautiful Bill’ that cut taxes on the rich, and adds three trillion to U.S. public debt  while attacking the ecosphere, a quote from a video of a chess game between Stockfish and Redfish with 100% accuracy summarized the essence of each;

“When you’re fighting the wrong battle, victory is worse than defeat. When you’re fighting the right battle, victory and defeat don’t matter.”

A quote from the Scarecrow in the Wizard of Oz is also illustrative; “If I only had a brain”.

https://www.thestreet.com/economy/legendary-fund-manager-has-blunt-message-on-big-beautiful-bill

05 June 2025

Trump's Big Beautiful Bill is Reaganomics v 5.0

 The BB Bill seems like pork served with Reaganomics that was Lafferian and just produced deficits. Reaganomics helped win the Cold War yet it should have been a one-off never repeated, budget plan.  Keynes’ invented deficit spending to pump prime an economy out of recession- it wasn’t intended to be a permanent economic policy of just having deficits and tax cuts to concentrate wealth and bankrupt a government. 

Musk has a more realistic, David Stockman sort of approach without the B.S. about how running deficits produces economic growth, increased revenue and a fair and balanced budget. Cutting taxes for the rich simply concentrates wealth, and the U.S. distribution of wealth has already equaled that of Mexico... The 1% are globalists and invest wherever they can make more profit internationally.

Gemini Said That Even After Nancy Grace Roman ST Just 12 percent of the Observable Universe Will Have Been Observed

 I asked Gemini about what area of space the new Nancy Grace Roman space telescope will see. I asked if Hubble and Webb hadn't already s...