The tenor of this article (and photo!) implicitly captures why it's so hard to control costs. It's entirely reasonable to at least test utilization review for targeted services in Medicare.
nytimes.com/2025/08/28/hea…
Has US debt also been “accumulated to guarantee the comfort of boomers at the expense of the next generation”?
We need to start living within our means.
Has US debt also been “accumulated to guarantee the comfort of boomers at the expense of the next generation”?
We need to start living within our means.
President Trump and I are laser focused on paying down the debt.
Tariff revenue could top $300B this year, helping lower the deficit and reduce the national debt for the American people.
🔥 New Baseline Dropped 🔥
Debt is headed to 120 percent of GDP and deficits to $2.6 trillion.
OBBBA made the outlook much worse - but tariffs (if they stick) and other changes made it a lot better. Especially after large parts of OBBBA expire under the law.
🧵
🚨NEW BUDGET BASELINE: Today we are releasing our CRFB Adjusted August 2025 Baseline, which accounts for most legislative and administrative changes since CBO's January baseline – running FY 2026 to FY 2035 and assuming all current tariffs and trade deals remain in effect.
We…
The U.S. national debt has officially surpassed $37 TRILLION.
Congress must urgently focus on correcting our nation’s fiscal trajectory to secure a more prosperous future for all Americans.
Two years ago:
1-month Treasuries were ~1% higher than today.
30-year Treasuries were ~1.5% lower than today.
The spread between short and long term Treasuries has grown 2.5% over the last 2 years.
The Fed not cutting short term rates isn't why interest rates are high.
Imagine reading this as the generation that spent their 20s fighting in WWII, Korea, or Vietnam. Or the generation that came of age around 1980 with 11% unemployment and 20% mortgage rates. Yes, prices were lower in 1980s, but so was median nominal family income ($21,000).
Hey @grok - if we’re seeing annualized real economic growth and annualized PCE inflation above 3%, what would you generally recommend for monetary policy in terms of interest rate setting?
Hey @grok - if we’re seeing annualized real economic growth and annualized PCE inflation above 3%, what would you generally recommend for monetary policy in terms of interest rate setting?
📊 New research settles the inflation debate: @DavidBeckworth and @Pat_Horan92 found that 85% of 2021-22 inflation came from excess demand, not supply shocks.
Translation: When you flood an economy already at capacity, you get higher prices, not more stuff.
What does that mean…
There’s no evidence that either Mamdani or Teachout ever studied, started, worked for, or advised a business, but that hasn’t stopped them from prescribing how to fix business.
America continuing to subsidize wealthy Boomers as its defense base rots, fertility and family formation plummet, and the national debt skyrockets is truly civilization-ending stuff. We need means testing, benefit cuts, and retirement age hikes yesterday.
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