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Plus: Trade deal with Vietnam, Romanian right-wing presidential candidate sent to trial, and more...

President Donald Trump's domestic policy agenda advances: At 3:30 a.m., House Republicans advanced the policy bill. "After a day and night of paralysis on the House floor, and haggling and uncertainty in the Capitol, Speaker Mike Johnson scored a preliminary victory in his bid to overcome resistance within his party when the House voted to allow the bill to come up for debate," reports The New York Times. The vote, 219–213, makes it look like Johnson has possibly won over some Republicans who had been putting up a fight. There's still one final vote left, and it's possible it will sink things, but the fact that the bill has advanced is huge for Johnson (and Trump).
Around 5 a.m. this morning, Minority Leader Hakeem Jeffries (D–N.Y.) started deploying all tools in his arsenal to delay the vote, calling the bill a "disgusting abomination" that would harm poor Americans. He's read accounts from people who say drastic cuts to Medicaid would destroy their lives. But Jeffries—and the Democrats overall—have very little power to actually stave off a vote. The bill looks likely to pass if Republican holdouts continue to be pacified and fall in line.
"FOR REPUBLICANS, THIS SHOULD BE AN EASY YES VOTE," wrote the president on Truth Social a little past midnight, as the bill was still in limbo. "RIDICULOUS!!!"
"I do so deeply desire to have just [a] normal Congress, but it doesn't happen anymore," Johnson told reporters right after Trump's post, sounding a little emo. "I don't want to make history, but we're forced into these situations." Well, that's what happens when a party that was historically in favor of reining in government spending gets co-opted by a sort of big-government populist fervor. Of course there's no consensus! It's a party riven by huge shifts in ideology.
Anyway, the bill is unfortunately likely to pass some time this morning, contra the objections of folks like Sen. Rand Paul (R–Ky.), who are worried about how this will add to the deficit.
Happy Fourth of July! Republicans' patriotism appears to be growing as Democrats' appears to be shrinking. I wish all people—but perhaps especially those who are down on America—some cold beers, beautiful fireworks, time in nature, and maybe even some reading on our nearly 250 years of experimentation in federalism, in the presumption of innocence, in assimilating immigrants, in free markets, in pluralism, and in unalienable rights.
Gallup poll results that will surprise absolutely no one. While Republicans overwhelmingly are proud to be American, Democrats are not - and the number keeps falling. pic.twitter.com/5H9cvRVBKb
— FischerKing (@FischerKing64) June 30, 2025
Scenes from New York: New, absurd artificial intelligence application: Mapping the hotness of restaurants' crowds.
QUICK HITS
- Trade deal reached with Vietnam! "A 20% tariff will be placed on Vietnamese exports to the US," reports Bloomberg, "with a 40% levy on any goods deemed to be transshipped through the country, Trump said in a social-media post on Wednesday. Trump said that Vietnam had agreed to drop all levies on US imports."
- "Net immigration—inflows of people minus outflows—is running at an annualized rate of 600,000, down about a third from where it was in the last three months of 2024, per the analysis by Oxford Economics, which looks at several sources of public data," reports Axios. "The decline is almost entirely due to a sharp drop in unauthorized immigration. Border crossings are stalled, and deportations are up."
- "Tehran has suspended cooperation with the International Atomic Energy Agency (IAEA), Iran's President Masoud Pezeshkian announced Wednesday, according to state media reports," reports Politico. "State media said IAEA inspectors will need permission from Iran's Supreme National Security Council to visit Iran's nuclear facilities which will be dependent on 'the security of the country's nuclear facilities and that of peaceful nuclear activities' being guaranteed."
- Good video on the housing crisis by Reason's Emma Camp:
Right now, the median first-time home buyer is 38 years old. Fifteen years ago, it was more like 30. Reason's @emmma_camp_ shares what's happening here. pic.twitter.com/tbxRqDMo1S
— reason (@reason) July 2, 2025
- This is insane and messed up: "Romania's far-right former presidential frontrunner Calin Georgescu, whose shock victory in last year's first-found ballot triggered a months-long political crisis, was sent to trial by prosecutors," reports Bloomberg. "Georgescu is accused of promoting fascist and xenophobic views over the past five years, according to a statement on the prosecutor general's website on Wednesday. If found guilty by the court, he may be stripped of the right to run for public office and face a prison sentence." We talked about Georgescu a bit on this episode of Just Asking Questions with Matt Taibbi:
- "Calling yourself passionate is what someone says when they haven't found something they actually feel passionate about. It's what someone does when they're writing 7 paragraphs of IG-caption hogwash about a 'new chapter' in the 'rollercoaster' that is their 'journey.' It's what someone says when they're fundraising, when they're dissociating in a job interview—when their mouths are moving, but their brains and their hearts are somewhere else," writes Blackbird Spyplane's Jonah Weiner.
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At 3:30 a.m., House Republicans advanced the policy bill.
GOP After Dark
If you picture Caroline lit woohoo I'm in.
If you picture Lindsay gram... Oh the horror!
Nancy Mace v Nancy Pelosi
TMI
What's younger, Mace's tits or Pelosi's face?
Good question, Botox or silicone?
Which one do you want to fondle?
The much harder question, which do you want to slap around?
Night Moves
Around 5 a.m. this morning, Minority Leader Hakeem Jeffries (D–N.Y.) started deploying all tools in his arsenal to delay the vote...
TikTok dances? Fire alarms? Calling it racist?
If it gets bad enough they can try holding the sign and pouting:
https://www.politico.com/story/2014/05/michelle-obama-bringbackourgirls-106645
"FOR REPUBLICANS, THIS SHOULD BE AN EASY YES VOTE," wrote the president on Truth Social a little past midnight, as the bill was still in limbo. "RIDICULOUS!!!"
Poor Melania, just trying to get some sleep.
Now I'm imagining trump sitting up in bed wearing Ebenezer Scrooge style pajamas with the little hat yelling into his phone.
No, sitting on the toilet.
Hopefully not a la Elvis.
You should be imaging what's on the other side of the presidential bed.
The Ghost of Federal Budgets Past?
My guess is she eggs him on so she doesn't need to use the old "Not tonight, I've a headache" excuse.
https://www.zerohedge.com/political/cusp-house-democrats-stall-big-beautiful-bill-hours-after-gop-votes-advance
Rep. Thomas Massie (R-Ky.) was a one-man rollercoaster for the GOP leadership. Massie railed against the bill all week. He initially voted for the rule. But then at 11:30 p.m., Massie entered a mostly empty House chamber and switched his vote from yes to no.
However, Massie – who Trump has personally targeted for defeat in 2026 – switched again back to yes when all the hardliners flipped. The GOP leadership hopes that Massie will vote for final passage later this morning. And he has made clear that he would like Trump to stop attacking him. -Punchbowl
"He did a masterful job of laying out how we could improve it, how he could use his chief executive office, use things to make the bill better," Rep. Ralph Norman of South Carolina told CNBC.
While Republicans overwhelmingly are proud to be American, Democrats are not...
Their brand today appears to be built on not being.
I guess those sanctuary city civics classes are not working.
Reason has lots of Passionate “editors”
Big Cotton wins again. Maybe next year during the most important election of our life time aka midterms, they'll actually cut enough to balance the budget.
Trade deal reached with Vietnam!
Charlie don't surf with affordable boards.
“Them Viet Cong never fucked up my pronouns”
Ha! Mama named him Clay, Imma call him Clay.
Turns out, Congress isn’t really interested in cutting costs.
Bring back DOGE.
Congress is cutting costs. That’s why it’s an abomination.
It’s cutting Medicaid to illegals and freeloaders. And Green Energy. Abomination. It’s also an abomination that it maintains the cuts to income tax rates. Abominable. That really blows up the deficit.
As opposed to Tarriffs, which are an abomination because they raise revenue and cut the deficit. Abomination.
Got it now?
I guess I should have trusted the experts.
Congress is cutting costs.
Congress is also increasing costs...in an amount that exceeds the cuts.
That really does blow up the deficit and is an abomination.
Speaking of abominations, the American Rescue Plan, the Inflation Reduction Act, the CHIPS Act, Obamacare...the list is endless.
It sure is. But I allowed myself a bit of optimism and hope that we would see fewer ridiculously named and abominable spending bills this year than we did in past administrations. I really hope those who think Trump has a plausible plan here are correct, but I can't put that much faith in any politician, even a weird one like Trump.
No shit.
OK, perhaps a better way to say it is that congress is not interested in cutting spending.
And it's an abomination because it welches on the promise of actually doing something about spending. And the senate stripped out some really good NFA reforms on suppressors and SBRs, so we don't even get that nice bonus to distract us from the ever rising debt.
Why is there no demographic that wants to cut spending?
Well, there is me. And that guy who lives under the bridge and yells at clouds.
Hey! I don't yell only at clouds.
Employment numbers up, unemployment rate down.
So many ripples, man.
The decline is almost entirely due to a sharp drop in unauthorized immigration. Border crossings are stalled, and deportations are up.
Sanctuary cities breathe a sigh of relief.
Bus rental companies hardest hit!
10,000 per day cut down to 6,000 per month...
https://www.cbsnews.com/news/unlawful-crossings-along-southern-border-reach-new-historic-low/
The number of migrants caught crossing the southern border illegally set a new historic monthly low in June, continuing an extraordinary lull in illegal immigration the Trump administration has attributed to its aggressive deportation efforts, preliminary government data obtained by CBS News shows.
Last month, Border Patrol agents along the U.S.-Mexico border recorded just over 6,000 apprehensions of migrants who entered the country without authorization, the lowest monthly tally ever reported by the agency, according to the preliminary Customs and Border Protection data. The previous monthly low reported by Border Patrol was in March, when the agency recorded around 7,200 migrant apprehensions.
The numbers stand in stark contrast to the record levels of apprehensions made by Border Patrol under the Biden administration, which faced a humanitarian, political and operational crisis of unprecedented proportions at the southern border until it implemented restrictive asylum measures last year.
During many months of former President Joe Biden's tenure, Border Patrol recorded more than 6,000 apprehensions each day. At their peak in late 2023, daily illegal crossings at the southern border topped 10,000 on some days.
https://www.youtube.com/watch?v=QYvQiq0xQhg&ab_channel=NewYorkPost
Deported migrants arriving back in Mexico issue warning: ‘I don’t recommend to cross’
Sanctuary cities breathe a sigh of relief.
Relief? Claim victory and agenda harder the way eco-warriors trumpeted US emissions dropping because of (LNG production during/after) The Paris Accord.
Now that we've built all this affordable housing there are no people to fill it! We need immigrants to fill the subsidized housing Americans refuse to live in! For the greater good!
A 20% tariff will be placed on Vietnamese exports
No Taxation without Representation, oh well time to celebrate our Independence Day from non representative government.
This is the "0 for 0" free trade we were promised by the Trump whisperers. Hey, no one said there wouldn't be a "2" in front of the "0".
Tariffs levied by a republican government on goods that will be consumed by represented citizens. If the Vietnamese want to be represented, they should apply for statehood.
Is there anything else you want to misrepresent?
Article I, Section 8, Clause 1:
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; . . .
Oh you progressives and your gaslighting. Luckily, I can read the Constitution.
Luckily, I can read the Constitution.
Reading and comprehending are not the same thing. You have degenerated to nothing but sophism. Kindly go fuck yourself.
Sophism? Now who doesn't know the meaning of words.
Plain text says only Congress specifically the House can raise taxes. It further goes on to prescibe how the people can change the constitution by passing an amendment. No amendment has been passed. So how am I a sophist?
Fuck you right back, progressive.
Sophist because you don't make arguments. You just throw shit at the wall and hope it sticks.
Plain text says only Congress specifically the House can raise taxes.
And? We are talking about tariffs mutually agreed upon in a trade agreement. Last time I checked, the power to make treaties is an enumerated power of the Executive.
Tariffs levied by a republican government on goods that will be consumed by represented citizens. If the Vietnamese want to be represented, they should apply for statehood.
This is a sophist's argument. Mine argument is backed by the Sons of Liberty, the Constitution and Federalist Papers. So what is yours based on? What you pulled out of your ass?
Show your work, where is the fallacy? The US is a republic. The President is elected by the People and therefore is a representative of the People.
Mine argument is backed by the Sons of Liberty, the Constitution and Federalist Papers.
Seriously, what argument? Just more insinuation and unsupported appeals. Make an actual argument like I did that can be debated or shut the fuck up.
Trump ran on Tariffs and people voted for it.
For Congress? No then, he ain't a representative now is he. He doesn't get Article 1 powers.
God you progressives and your gaslighting.
Poor sarc
Poor progressive.
But the actual poors are rejecting progressives. Double-plus sad!
It's sad that leftist corporate media is coping better than some of these guys who just "know" economics.
https://abcnews.go.com/Business/hiring-expected-slowed-june-amid-trumps-tariffs/story?id=123407305&cid=social_twitter_abcn
What does that have to do with whether the president can constitutionally impose or set taxes without specific legislation from congress?
We have over 150 years of scotus saying so. You can disagree with that, but nothing he is doing is unconstitutional as has been practiced and determined by the courts in over 100 years.
So just blindly screaming unconstitutional without making an argument is actually worthless.
As for the link it is because the anti tariff (but only from the US) contingent group was screaming economic collapse while also baseless screaming of unconstitutional.
Part of constitutional discussions is language as well as precedence. Not to ignore all history around a subject.
Sorry, the people elected representatives 100 years ago that decided to cede that power. Best I can do is haphazard tariff policy.
No sorry needed unless you voted for them. The only thing I'd ask is you don't insult my intelligence - which you've not - while I rail against the living constitution and progressivism.
Tehran has suspended cooperation with the International Atomic Energy Agency...
YOU'RE GOING TO HAVE TO COOPERATE WITH SOME AMERICAN WHOOP ASS THEN.
Why should they cooperate? According to the mullah, they won the war.
I'm told they destroyed several our most expensive bunker-buster bombs with their nuclear facilities.
The bunkers caused the poorly made American weapons to explode!
Who needs to inspect a pile of rubble?
The more they clear away the debris, the more accurate our damage assessment.
"SOME AMERICAN WHOOP ASS"
Do they even can that stuff anymore? All I can find are drink mixes.
Meh. American Whoop Ass has been mostly replaced by cheap Chinese Kiss Butt.
Right now, the median first-time home buyer is 38 years old. Fifteen years ago, it was more like 30.
Young people are even more lazy now.
Representing gen Z, I have currently no good reason to buy a house. The only reason I would is as an investment. I'd buy it and rent it out, not live there myself. But there are better investment opportunities out there than real estate, and being a landlord can be a liability these days.
Other than building equity and not throwing your income aaay on rent.
Owning a home is one of the easiest ways to build wealth
Yeah it's not an investment that necessarily returns a profit but it builds wealth over time and you gotta live somewhere.
I decided, now long ago, to buy rather than rent when I moved out of my parents’ house. One, it can build some sort of equity. Two, I control what goes on here, not a landlord.
“not throwing your income aaay on rent.”
As opposed to throwing your money away on loan interest?
Don't forget property taxes, which, in places like Texas, average 3%. No income tax, but if you don't live there that is no relief.
There is a lot of hype about real estate, but it is not by any means a sure investment.
Representing gen Z
GenZ? Do you even need a monocle yet?
^yep, if you live in an area that is any shade of blue, becoming a landlord is basically not worth it.
I'd be curious to hear your thoughts on what those are, in parts here (MT)if you had (or will) invested in property, it was and is easily the best investment opportunity to build wealth lots of it and quickly here.
It took nearly a year for me to evict a tenant holding over in Maryland pre-Covid.
My 28 yo daughter just bought her first. My 26 yo son is getting married in 6 weeks, they are spending peanuts on the wedding so they can get a house next year.
Some of us were good parents
It’s cool to make fun of boomers, but don’t you dare throw shade on young people!
That was me like 20 years ago. It really does help to have parents who know how to save and not spend stupidly and teach their children to do the same. So much of poverty in this country is largely due to inability to manage money. I know people who should be solidly middle class who live paycheck to paycheck. And I know people who would be classified as poor, but you'd never know if you saw their house, cars, etc. Because they don't spend their money on dumb shit they can't afford.
My now 35 year old son bought his first house when he was 19. Moved up to his 2nd house 4 years ago.
The precent of young people with $100,000 student loan debt and a worthless degree has skyrocketed.
That doesn't help either.
"Calling yourself passionate is what someone says when they haven't found something they actually feel passionate about. It's what someone does when they're writing 7 paragraphs of IG-caption hogwash about a 'new chapter' in the 'rollercoaster' that is their 'journey.'
Sounds like some chick shit.
Georgescu is accused of promoting fascist and xenophobic views over the past five years, according to a statement on the prosecutor general's website,/i>
Damn this sounds familiar.
Who new NY AGs had jurisdiction in Romania?
Well, progressives tend to declare themselves "citizens of the world". And Marxists openly seek global revolution.
Yeah. The guy would be a good fit in the Trump administration. Be a great choice for VP during his third term.
TTTRRRUUUMMMPPP!
I always hear that in the voice of Captain Kirk.
If you were actually an effective troll. But, alas, this is lame. Lamer and gayer than your usual. You’re slipping, Strawcasmic.
He strives to be Harry Sisson.
Dude, you voted for a fascist xenophobe. Three times. Yes fascist. That's what it's called when the leader of the government takes a "golden share".
A fascist xenophobe who is rescinding strangling regulations, married a legal immigrant, does not abuse power to punish his enemies (as much as some wish he would), promotes this nation state, his home nation state, first rather than globalism, and doesn’t start wars.
Odd fascist there, Sarc.
Hyperbole, Harry. It may work in your blue circles but screaming "fascist" or any "phobe" is leftist clown show gaslighting.
It is meaningless. Just like your existence.
You finally slept it off. I keep forgetting you just got your welfare check the other day.
Which fascist xenophobe did they vote for?
I can see an argument for nationalist, but the claim that Trump is xenophobic is just pure ridiculousness.
"Dude, you voted for a fascist xenophobe" who married a Slovenian immigrant and is actively weaking the power of the state.
Sarcasmic is way too retarded to know what words actually mean.
Yes fascist. That's what it's called when the leader of the government takes a "golden share".
This describes Socialism more than anything else.
Fascism is whatever someone the left hates does. It's revealing to see sarc embrace this when he used to pretend not to.
Thanks Rachel Maddow.
I get you're too stupid to realize you've gone full MSNBC, but the rest of us are laughing at you for it.
Fuck man. You'll support any and all government abuse against people you dont like won't you.
“experimentation in federalism, in the presumption of innocence, in assimilating immigrants, in free markets, in pluralism, and in unalienable rights.”
That’s leftist talk. Trump and his defenders have no use for that shit.
Ideas™ !
It is clear the current crop of immigrants have failed the assimilation part. We moved on to the bulkanization part, soon to be followed by press "2" for English.
You mean like Chinatown, the Italian district, the Irish district...?
This current crop of immigrants is no different from past immigrants in that the first generation, like all first generation immigrants, assimilates just fine. Not only that but they lose their cultural heritage just like past immigrants. Meanwhile the current crop of xenophobes, just like past xenophobes, point at the immigrant parents speaking a foreign language and claim they're balkanizing and refusing to become "American".
Nothing has changed.
Your ignorance of history is showing.
And stunning.
This current crop of immigrants is no different from past immigrants in that the first generation,
This is incorrect. Previous generations of immigrants embraced America. Too many of the current immigrants hate America and most current Americans see no problem filtering immigration to keep that group out.
The problem is that left wingers specifically want immigrants who hate America since they largely agree and therefore count on their voting and activist support. This is why Jeffsarc and the left generally undermine and sabotage any effort to screen immigrants, as well as conflating these groups together so they can smear their enemies s generally anti-immigrant.
Would love to see past immigrants publicly bragging about getting and then demanding more welfare.
Get a grip, dude. The vast majority of immigrants, legal and illegal, just want a fucking job. They don't hate America, and neither do the people who understand this. You've been fed a bunch of xenophobic bullshit that's gotten you believing they're all criminals, that none of them want to work (while they steal jobs at the same time) and that they hate America. That's the same shit that was said during every other wave of immigration. It's the fallacy of composition. Some immigrants are bad people, therefore they're all bad people, and anyone who says otherwise hates America. Simplistic, childish thinking. Must be a day that ends in 'y'.
you believing they're all criminals,
Notice the constant lies. If they were all criminals we'd be justified keeping them all out so it's 100% clear he is lying about my claim. In reality sarc lies about everyone's beliefs because it's the only way to justify his need to demonize them. Everyone else must be evil so that sarc can be the hero of his story.
The truth is we see thousands of immigrants and visa holders as part of organizations dedicated to violent overthrow of governments and in particular "Western Civilization". But sarc needs this to not be recognized because keeping these specific immigrants is his top priority. It just isn't that hard to filter out this group and there's no good reason not to other than that he and the left generally want them.
So he prefers losing all immigration rather than filter out the anti-Americans. Why?
Some immigrants are bad people, therefore they're all bad people,
Again we see sarc's inability to think straight. If I believed they are all bad people I'd support keeping them all out rather than filtering out the problems.
Lame troll, Sarc. Lame.
“experimentation in federalism, in the presumption of innocence, in assimilating immigrants, in free markets, in pluralism, and in unalienable rights.”
Literally all things that the current administration is doing and the last one refuse to do.
Rather than federalism, your Democrats tried to centralize power.
Rather than presumption of innocence, your Democrats imprisoned dissenters without charges.
Rather than free markets, your Democrats put on more tariffs than Trump actually had before, quadrupled regulations, and tried to force DEI for federal contracts.
Rather than assimilating immigrants, your Democrats made legal immigration harder while shipping illegals en masse into communities unable to handle them. 20,000 illegal Haitian invaders dumped over three years in a town of 40,000 is not assimilation by any metric.
As for unalienable rights you spent the last four years shitting on the constitution, only to now try and pretend that due process means a trip to the supreme court for everyone.
What a disgusting drunken retard you are Sarcasmic.
" . . . unauthorized immigration . . . "
No such thing. There is the act of illegally crossing a border, which makes you a criminal, not an immigrant.
"drastic cuts to Medicaid "
One thing that is certainly being inflated is the number of people to be affected by those cuts. I've been dunned with emails from leftist organizations now claiming 17M. USA Today now touting 20M! A few weeks ago it was 5M and even that was a lie...
Post from a few weeks ago:
NY Times says Democrats "exaggerated" impact of Medicaid cuts...a rare "fact check" of Team Blue...seems they conflated Trump's cuts and added in 5M or so people who would be impacted by an unrelated provision that is simply expiring.
The drafted proposal would kick off 1.4 million illegal migrants who receive coverage through state Medicaid programs and Democrats assume that some 5 million Americans will chose to lose coverage rather than meet requirements for certain able-bodied, childless adults to work or volunteer at least 20 hours a week.
https://www.nytimes.com/2025/05/13/upshot/medicaid-cuts-democrats-republicans.html
Millions Would Lose Health Coverage Under G.O.P. Bill. But Not as Many as Democrats Say.
A widely circulated talking point about cuts to Medicaid inflates the legislation’s effects by about five million people.
Democrats asked the analysts to add together the effects of the new provisions and the effects of another policy if it expires at the end of the year as scheduled.
Has a final cost for Trump's military parade been confirmed, or is it still dependant upon which issue is being demagogued?
He's read accounts from people who say drastic cuts to Medicaid
If only drastic were true. Hakeem what are we cutting instead? 123% Debt to GDP, we are broke. You wanted the Cares Act(s) and the Inflation bullshit act, well live with the fucking consequences of burning trillions on shutting down the economy and then making inflation worse.
Right now, the median first-time home buyer is 38 years old. Fifteen years ago, it was more like 30.
In the 1800's babies came out homeowners.
Maybe we could find some sort of compromise that makes people like Emma full-fledged homeowners and the people who pick the blueberries for her smoothies 3/5ths of homeowners.
Meet me in Missouri and we can hammer something out.
As long as it’s not Kansas or Nebraska.
Georgescu is accused of promoting fascist and xenophobic views over the past five years...
This kind of prosecution used to happen in America.
Maybe Vance can make a call and get the prosecutor fired - or do we only do that when the VP's crackhead son is being investigated?
"Right now, the median first-time home buyer is 38 years old. Fifteen years ago, it was more like 30."
Go back 15 years and look at the student debt level compared to today.
If you choose to spend your college years floating down a lazy river feature in a "campus" that looks like a resort instead of waiting tables and living in a barracks style dorm, don't whine to me about how you can't afford anything.
I bought my first house when interest rates, inflation, and unemployment were all in double digits. But I had no debt, and a technical career.
I've made a case before that a significant portion of these "burdensome" student loans were spent not on education, but on providing "students" with an extravagant lifestyle (and probably one in which they will not be able to sustain themselves later). When student loans were used to fund a latte-sipping experience and then they cry about how they cannot pay them back, my sympathy strings snap.
E.g., at The Knox student housing at Tennessee...
At The Knox Apartments, everything residents need is right outside their UTK apartment. Looking for a quiet place to study? Camp out in one of our individual study rooms. Need to de-stress from classwork and relax with friends? There’s no place like The Deck, our elevated outdoor entertainment space. Prefer to unwind indoors? Drop by our expansive clubhouse or our cutting-edge, 24-hour fitness center. It’s all here:
Community Amenities
The Deck
Hot Tubs
Open-Air Theater
Grilling Areas
Hammocks
Pet-Friendly
Dog Park
Resident Clubhouse
Big-Screen TVs
Pool Tables
Individual Study Rooms
Gated, Covered Parking Garage
24-Hour, Cutting-Edge Fitness Center
Media Cafe Computer Center
Coffee Bar
Community-Wide Internet
Apartment Features
Fully Furnished Apartments
High-Speed Internet, Cable & Trash Included
Individual Bedrooms
Private Bathrooms With Granite Countertops
Roommate-Matching Services
In-Unit Washer & Dryer
42-Inch Flat-Screen TV
Stainless Steel Appliances
Modern Kitchen With Granite Countertops
Spacious Closets In Each Bedroom
Individually Locked Bedrooms
Wood-Style Floors
Ceiling Fans In Each Room
It's exactly this.
Damn. I stayed on campus, in the dorm, and we had, of that list:
*Pool table (1), plus two ping pong tables and an air hockey table.
*Study rooms, but they were communal.
*Fitness center in the basement consisting of some weights and machines.
*Computer center with about eight computers for Usenet. Otherwise, you used your school’s computer lab.
*You had to pay for cable.
*The kitchen was communal. No granite or stainless steel.
*You could see movies in a lecture hall, put on by the film club, for a small fee.
*Parking? Hahahahahaha!
Being at an A&M school, I lived in literal barracks, complete with gun racks. Single-sex dorms, one shower room maybe 8 shower heads, adjacent to the 5 urinal + 5 stall shitters. One shared kitchenette per floor.
Bring as this was in the Upper Peninsula, we had a weapons storage locker for guns, but a number of students just chose to put their rifles (and other guns) in the corner of the dorm room under a blanket. Amazing you got a kitchenette per floor. We had one for the entire dorm. Shared bathrooms with different floors/areas for men and women.
It was spent on that and an explosion of highly paid administrators. It wasn't spent on anything related to actual education. In fact, actual education was neglected. I have a good friend who recently applied to a bunch of top schools' (Harvard, Penn, Cornell, Rice and others) political science PHD programs. Every school she applied to said that they were short of tenured faculty and were admitting as few as a quarter the number of PHD candidates as they had as recently as 10 years ago.
Yeah, I know it is political science and not a scared "STEM" program. The fact is that both Harvard and Penn in particular have world renown Political Science programs. If is mindboggling to think schools with that much money who have Political Science programs that are among the most respected in the world could have cut the actual budgets of those programs to the bone. Yet, they have. I think that is likely indicative of the larger trend of money for administrators and student luxuries of the sort you describe not only raising the price of college but eating the entire budget at the expense of actual education.
A bit dated now...from 2021
https://x.com/Mark_J_Perry/status/1467959926567931913
Just out today:
@OhioState
has a small army of 132 "diversicrats" at an avg. salary of $77,000 and total est. payroll cost of $13.4M, which would cover in-state tuition for 1,120 students
It's not just that but faculty too, there's a reason there's less tenured faculty, a large chunk won't teach (ie request research or 1 class only and research or sabbatical) and the grants payouts and kick backs are so great you have a zombie group that's there in name but not meeting the need while also ever growing larger salaries, these easily surpass most administrators and are something that hangs on a lot lot longer than them also...
The Federalist had this article...
Universities Use Taxpayer Funds On Extravagant Spending Sprees (thefederalist.com)
The investigation, conducted via a series of public records requests at the 50 state flagship universities, found massive increases in spending over the past two decades. Over that time frame, spending at the median university rose by 38 percent, while enrollment grew by only 21 percent.
Some might argue that the sizable growth in tuition over that time came because of cutbacks in state aid. Indeed, many states did reduce taxpayer spending on higher education in the years following the Great Recession.
But the Journal analysis found that “for every $1 lost in state support … the median school increased tuition and fee revenue by $2.40.” In other words, those tuition increases weren’t about backfilling cuts in state subsidies — they were about gouging students to fund wasteful projects.
On the extravagance front, few institutions likely could match the University of Kentucky. It spent a total of $3.66 billion — $805,000 per day over the course of 12 years — upgrading its campus, including:
New homes for the law, business, and visual arts schools, state-of-the-art hospital facilities, a student center, a 900-spot parking garage, a theater for videogame competitions, and dorms sporting full-size Tempur-Pedic mattresses, granite countertops, and in-unit washer-dryers.
At the University of Florida, the number of communications directors totaled 50 in 2022, roughly double that just five years previously, while the number of deans grew from about 130 in 2017 to 160 last year.
The University of Oklahoma “spent $14.3 million to buy and renovate a monastery in Arezzo, Italy, to house a new study-abroad program. The monastery has a landscaped garden, faculty apartment, and classrooms featuring painted frescoes.”
Despite having the highest in-state tuition among the 50 flagship universities, Penn State University was projected to run a $140 million deficit in the academic year just concluded, and faces structural shortfalls such that it could blow through its financial reserves absent reforms.
As someone who spent a lot of time on college campuses (albeit mostly for football games over the last 30 years), I observed personally what I believe is a causal effect. When I lived in Atlanta, Georgia and later neighboring South Carolina instituted "education lottery" (Powerball and Megamillions...), they did so with a stipulation that education in the states would receive the lion's share of the proceeds, which was most clearly evident in the scholarships provided to all A and B students who chose to attend in-state schools.
A couple of observable actions followed: in-state school attendance and class sizes exploded, competition to get into the flagship universities (University of Georgia and Georgia Tech) became almost overwhelming which led to second-tier schools like Valdosta State, Georgia State, Georgia Southern to expand dramatically as well, and housing shortages grew. The influx of cash and the shortage of on- and near-campus housing created a market and the market responded and especially targeted well-off families that now had extra cash to spend (they had already saved for and could afford the normal costs of college, but now had $3K extra to spend, too).
Large apartment complexes grew up near campuses geared toward "rich" students, for whom living in a traditional dorm room would be an affront to their delicate senses. Parents could do the math and many realized that they could buy one of these condo apartments (which often held 4 students), put Junior in one room, rent out the other 3 rooms, take $3000 from Hope, take out a low-interest student loan for more "pocket money", take the depreciation and other costs, and Junior could live in a really nice apartment for four or 5 years (or longer if multiple children might go to the school). Selling the units once everyone graduated was never a problem (pay back the student loans). So more and more of these popped up.
They offered things like
Life on Purpose.
From our fully furnished apartments with state-of-the-art amenities, to our game-changing outreach opportunities and activities, EPOCH was built with purpose and backed by service that puts student success above all else. The result? An entire community that cares more, does more, and, ultimately, lives more.
Studying. Hanging with friends. Binge-watching your favorite shows. A lot happens in your space and our cottages, townhomes, luxury flats, and brownstone floor plans are thoughtfully designed for it all. So whether you’re looking to live with your whole crew (check out cottage pods), for rooms with a view, or just central living spaces that better vibes with your tribe, we get you and we’ve got you.
Unique Features
Boat Slips Available For Rent
Free Coffee Shop
Hammocks
High End Vending Machines
Kayak And SUP Board Storage
Market Pavilion
Spray Tanning Booths
Swim And Fishing Dock
Valet Trash Included
A secondary effect: grade inflation. Students who slipped below the Hope threshold would lose access to the scholarships. Teachers, especially high school teachers under pressure from parents, became loathe to give Junior the C or D he had earned. No teacher wanted to "cost" a family thousands of dollars, so they just started handing out B's no matter what the student actually deserved. The legislature even got into grade inflation act 4 or 5 years ago...they ordered that while the 3.0 GPA was still required, that A's would continue to earn 4.0 points, but B's would now earn 3.5 (instead of 3.0), and C's and D's would count as 2.5 and 1.5 respectively instead of 2.0 and 1.0.
Yes it's that belief and monetary propping up/grift that everyone needs to go to college that it ends up the way it does with lots of large loans bloat, etc. Fix the easy loans and fed/state support based on rewarding for numbers and the downstream starts to fix itself.
A classic (and tragic) fallacy of composition, forced on gullible young people by greedy institutionalists and left wing propagandists.
Once upon a time, a small percentage of young people went to college, and most of them then enjoyed financial success. What the morons never realized is that this selective group was either smarter than average, richer than average, or better connected than average--or all three. Turns out that when average people (no insult intended) all pursue an elitist strategy, their life option remain average.
Why can't I afford a house?
Go ask Nick "This lending/gig economy thing is the future of Libertarianism!" Gillespie and quit bugging the rest of us little girl.
After the senate spendthrifts got through with the bill, it was bigger, but less beautiful.
That because democrats hate America and want it to fail. The only time there is an uptic in democrats liking America is when they have power and are using it to destroy my country
Michelle Obama famously said, "For the first time in my adult lifetime, I am really proud of my country." I guess it was short-lived.
The disaffected, Gen X, jaded cynicism is strong with this one.
"Good video on the housing crisis"
Both my niece and nephew bought houses in metro-ATL before they were 30 (and both within the last 5 years). Nephew was an auto mechanic and tire specialist, now an aircraft mechanic-in-training, no college. Niece has undergraduate degree in marketing, working for big box store. Parents did not contribute, except to allow them to live at home for a few years while they saved up downpayments.
In my neck of the rural South, you can buy an acre of land for about $8k, and buy a 1200sq foot modular home for <$120K. Might need to dig a well and septic system.
E.g., from local dealer:
3 beds 2 baths 1,568 sq. ft. WAS $134,848 now $119,980
3 beds 2 baths 902 sq. ft. $50,000s
4 beds 2 baths 1,790 sq. ft. $131,695
3 beds 2 baths 1,264 sq. ft. $81,570
I know it's not like that everywhere, but neither is there a "housing crisis" everywhere.
The "housing crisis" is only in the liberal urban areas.
I just sold 7 acres with a 2017 single wide with well and septic system 100 miles south of Houston, TX for $120K. A young couple bought it with plans to build a "real" house. Meanwhile, they have a turnkey residence.
These all sound great but what are the job opportunities for a young man in those areas?
In my experience, it's hard to find a job good enough to pay for a 150K house in an area where there are 150k houses.
Any trade will cover the cost of a $150K house. My first house was $144K when I was making $40K per year. I didn't indulge in new cars, smartphones, Starbucks, 137 internet subscriptions, DoorDash, etc.
I lived then and currently live now within my means.
It is alsmost as if there is a reason that an identical house has a higher price in Newport Beach than McFarland.
Geez, sounds very un-hipster.
Good video on the housing crisis by Reason's Emma Camp:
It is worthwhile to remember *how* home ownership became such an integral part of the American Dream. 19th Century tenement housing was reasonably atrocious, and led to reformist progressives adopting housing as a policy target. Publicly-funded projects followed, along with subsidized mortgages for military veterans post-WWI and WWII.
In short, young Emma, the only reason you think you deserve a cheap first-home is Uncle Sam.
And in a new turn of events, previous estimates revised UPWARD after further review, unlike in the recent past were every estimate was cut--sometimes dramatically--in revisions.
WSJ:
Hiring Defied Expectations in June, With 147,000 New Jobs
U.S. job growth continued at a steady pace last month, surprising economists who had predicted a slowdown in hiring amid uncertainty over trade and fiscal policy.
The U.S. added 147,000 jobs in June, the Labor Department reported Thursday, above the gain of 110,000 jobs economists polled by The Wall Street Journal had expected.
The unemployment rate, which is based on a separate survey of U.S. households, fell to 4.1% from 4.2%.
Revisions showed that hiring was stronger in prior months than previously thought. The number of jobs added in April and May was a combined 16,000 higher than prior estimates.
https://www.wsj.com/economy/jobs-report-june-2025-unemployment-economy-c1f54222?mod=WSJ_home_mediumtopper_pos_1
Those tariffs are fucking up everything.
It is destroying the economy. Look at all of the inflation!!
The thing about tariffs are that they are a tax that can't just be passed on straight to the consumer or avoided the way corporate income taxes are. Tariffs are a consumption tax that important people and especially large corporations have to actually pay and can't avoid. When you understand that, you understand why the corporate media is so insane in their opposition to them.
Don't forget the massive stock market crash.
The much touted economist where pearl clutching hard yesterday over the negative ADP jobs estimate. Proof Trump has failed!!!
That’s impossible. I’ve been assured that the numbers are revised down for every President.
New, absurd artificial intelligence application: Mapping the hotness of restaurants' crowds.
Of all the applications I've seen on the internet and heard about AI, this is actually probably one of the least absurd.
Nothing sucks worse than driving 3 states away on vacation to find yourself in the worst Hooters in 3 states.
Hooters are going bankrupt, proof the Drumpf economy sucks - some pedo from GA covered in chessy poof dust
https://www.public.news/p/white-guilt-drove-decades-long-cover
The pattern, he says, dated back to “the mid of the 1960s.” After Britain built a dam in Mirpur, Pakistan, “hundreds of thousands of people were suddenly homeless and many of them moved to Britain.”
In northern England’s textile towns — “Blackburn, Bradford, Sheffield, Rotherham, Rochdale” — a new pattern emerged. “We first get these reports of this kind of abuse where Pakistani men were targeting schoolgirls—English schoolgirls—often outside school gates in groups.”
“It is a very specific form of exploitation… They would make the children… feel as though they were special.”
And the victims? “Often between 10 and 16 — that was a very specific pubescent age range.”
“This pattern of abuse was going on for a long time,” Peters says, “but it didn’t really break into the mainstream because people were terrified about this issue.”
When Labour MP Ann Cryer raised concerns in the early 2000s, “she was derided as a racist by senior members of her own party. They told her to shut up, essentially for the sake of diversity.”
...Peters ticks off story after story. “Girls were made pregnant… they had two abortions in a single year by the same perpetrators… instead of using the DNA evidence… they were discarded entirely.”
And: “When the police came to the house they arrested her for facilitating abuse… She still has a criminal record. Decades on… she’s not allowed to go on school trips with her children.”
One father tried to rescue his daughter from a known location. “They arrested him and let the perpetrators go free because they were so nervous… about community tensions and riots starting between whites and Pakistani communities.”
“I actually think… they arrested him because the police officers observing that den were in some way colluding with that abuse.”
“It was unimaginable to people,” he says, “that a myth caught on… that this sort of abuse only happened to girls from troubled backgrounds. All of them were in care homes… It’s palpably false.”
Pro choice, you say?
'Abuser told me to abort baby or I'd be killed... but when I fell pregnant again he let me keep it': More than 100 teenage girls in Rotherham gave birth to their rapists' children
Child abuse victim reveals how she became pregnant twice by same attacker
Woman reveals she was ordered by attacker to have abortion at just 14
She fell pregnant again six months later but was allowed to keep the baby
The victim, named only as 'Jane', claimed she was failed twice by police
There are reports that up to 100 teenagers may have given birth after becoming pregnant by their abusers
https://www.dailymail.co.uk/news/article-2738957/Abuser-told-abort-baby-I-d-killed-I-fell-pregnant-let-More-100-teenage-girls-Rotherham-gave-birth-rapists-children.html
Neighbours' fury as Rochdale grooming gang leader throws parties in house fitted with police panic alarm after using legal loophole to dodge deportation
https://www.dailymail.co.uk/news/article-14831759/Neighbours-fury-Rochdale-grooming-gang-leader-throws-parties.html
Furious neighbours of Rochdale grooming gang ringleader Qari Rauf say they are terrified to let their children out of sight - after discovering he's still living freely on their street, having used a legal loophole to dodge deportation.
The convicted paedophile, 55, was one of nine men jailed in 2012 for raping and trafficking vulnerable girls across northern England in a case that shocked the country.
Rauf was told he would be deported to Pakistan in 2014 after serving just two-and-a-half years of a six-year prison sentence – but he remains in the UK more than a decade later.
He was supposed to be deported after his release, but avoided removal by destroying his passport and claiming to be stateless....
Reportedly, the fact that the girls were usually white, British, and not Muslim--and especially that last part--made it OK to rape them.
You know in other contexts what you describe would be "smoking gun" evidence of genocide. Actual, "obliterate the genus" genocide, not "The diesel generators at our hospitals only have enough fuel for the next 24 hrs. (every 24 hrs. for more than 2 mos.)" "genocide".
Three men 'who raped teenager in Rotherham' told her 'this is what white girls are for', court hears
https://www.dailymail.co.uk/news/article-14847117/men-raped-Rotheram-girl-white-girls.html
The British establishment agrees:
https://x.com/AthenaMia2nd/status/1933882400607535482
The Economist has named the current symbol of England: the prostitute Bonnie Blue. Her image is the first that comes to mind when you think of this country in 2025. And her strengths, as the publication points out, are also the strengths of Great Britain.
https://x.com/TheEconomist/status/1932944946442461208
In 2025, if someone lies back and thinks of England, they may well think of Bonnie Blue. The porn star’s strengths are Britain’s strengths, our political columnist suggests
I'm sure that some of these men just jacked off on the victims, so that's something.
It's high time for citizens to form their own vigilante committees and crate justice where there is none.
A few neighborhood hangings might suffice to deter these dangerous degenerate Pakis.
I agree.
In fact, I wonder why the people of Florida didnt lynch Nicholas Cruise.
The branches of a palm tree don't hold much weight - - - - - -
Revealed: Notorious Rochdale grooming gang paedophile builds new house in Pakistan village while getting £285k taxpayer handout to fight deportation battle
https://www.dailymail.co.uk/news/article-14854289/Notorious-Rochdale-grooming-gang-member-built-house-Pakistan-village.html
The UK is a primitive 3rd world shithole. They've completely institutionalized anarhco tyranny.
This is insane and messed up: "Romania's far-right former presidential frontrunner Calin Georgescu, whose shock victory in last year's first-found ballot triggered a months-long political crisis, was sent to trial by prosecutors," reports Bloomberg. "Georgescu is accused of promoting fascist and xenophobic views over the past five years, according to a statement on the prosecutor general's website on Wednesday. If found guilty by the court, he may be stripped of the right to run for public office and face a prison sentence."
He’s right, not far-right. This is what the post-WWII consensus people will do to those who challenge their globalist agenda and power. They tried doing it to Trump. They did it to LePen. They’ve tried doing this to Germany’s AfD. If you challenge them, they try to cancel you and jail you.
This is what democrats want when they say we need to be more like Europe.
I was listening to a Nick Freitas podcast last night where they were discussing the post-WWII consensus. They were saying there are two different camps, and I agree with them, the Nuremberg camp where nation states are not sovereign and answer to a higher power, and the Westphalia camp where nation states are sovereign. This seems to be at the core of the current conflict of ideas.
So what higher power do these nation states answer to?
https://en.wikipedia.org/wiki/Liberal_international_order
This is what jeffsarc and the other trolls are defending.
Grift. Got it.
Different counteis have different laws.
Cato Institute VP Econ & Social Policy
https://x.com/AlexNowrasteh/status/1628192876336226305
Good policies matter most. A diverse population reduces social solidarity, which is good for economic growth because people don’t want wealth-destroying policies to help out people who look different.
It's like the most underhanded, nefariously backwards, lizard person interpretation possible.
Even "eat the bugs" had the thinly plausible "We're just observing people's preferences." skinsuit. This is practically straight up "The most important thing to economic growth is policies that force people to be more rabidly racist."
I don't know if it's worse if that sentence went through some sort of editing process or not. Makes whatever internal filter Trump has got running look like some sort of Cincinnatus-style paragon of civic virtue.
https://x.com/RogerPielkeJr/status/1940382557780271574
our data suggest that if individuals attribute extreme weather events to climate change, support for climate policies is higher regardless of whether the events are more frequent”
Saudis recognizing that Hamas will continue to fuck things up for everyone. Egypt and Jordon, Syria, Lebanon already knew this...one reason why Egypt clamps down on their Gaza border at least as hard as Isreal does.
https://www.israelnationalnews.com/news/410973
Report: Removing Hamas from power a condition for Saudi normalization
Saudi Arabia is insisting that Israel finish the job in Gaza by removing Hamas from power completely in the coastal enclave as a precondition for a normalization agreement with the Jewish State, a Saudi source told i24NEWS.
Saudi Arabia is insisting that Israel finish the job in Gaza by removing Hamas from power completely in the coastal enclave as a precondition for a normalization agreement with the Jewish State, a Saudi source told i24NEWS.
The source, who is reportedly close to the royal court, told Middle East correspondent Ariel Oseran that, "Without removing Hamas, there will be no peace."
According to the report, the Saudi government hopes the Palestinian Authority, led by Mahmoud Abbas, will be restored to power in Gaza after the fall of the Hamas government.
The report is the first indication that ending the war now instead of continuing until Hamas is completely defeated may jeopardize efforts to secure normalization accords with Arab and Muslim nations and the Trump Administration's efforts to expand the Abraham Accords.
The Left is abandoning its online safe space
https://www.msn.com/en-us/news/technology/the-left-is-abandoning-its-online-safe-space/ar-AA1HP3Xy
Bluesky data show that the number of unique posters on its service peaked at around 1.5m on Nov 19 2024. That figure has since dropped more than 50pc to 697,000 as of June. The number of unique “likes” has more than halved from 2.8m to 1.2m over the same period.
That kind of happens when you start excommunicating people right and left for failing to be in lockstep with the “mainstream” far left.
Not woke enough.
Wait, this doesn't make any sense. I was told by Jack Dorsey himself that Bluesky was more of a protocol than a platform. HTTP(S) has 50% fewer likes in 2024? Who cares? Decentralized no less! SMTP has 50% fewer likes in 2024? *Only* 50%?
You'd almost think Dorsey or the people around him don't actually know what they're talking about and are just hurling buzzwords and screeches at things they don't like.
Government in UK not any better than Congress...
https://www.spiked-online.com/2025/07/02/the-tragedy-of-the-welfare-trap/
So that’s it then. The prospect of reforming Britain’s dysfunctional, aspiration-sapping welfare system has been killed for at least the duration of this parliament. The Labour government’s welfare bill, having already been gutted last week to stave off a backbench rebellion, had to be gutted again at the 11th hour last night to allow it to pass. The eventual bill bore so little resemblance to the original proposals that many MPs had no idea what they were even being asked to vote on.
What was initially touted as ‘the biggest shake-up to the welfare system in a generation’, projected to save £5 billion annually, will now save literally no money.
https://x.com/amuse/status/1940780744034373805
Los Angeles passed a $30 minimum wage for hotel employees. Democrats weren't too worried as the majority of positions were filled by illegal aliens working under the table. With illegals not showing up to work hotel operators are sounding alarm they will have to close as a result of the $30 minimum for legal residents and citizens.
Hotel prices in downtown L.A. and Hollywood will skyrocket.
Not going to LA. Don't care.
https://x.com/LD_Sceptics/status/1940780157226139827
Since 2022, the number of homeless people in the US has spiked by almost 200,000. A new paper finds that the influx of asylum seekers under Biden accounts for about 60% of this increase.
60% of this zero-social-*or*-economic-cost increase.
FIFY 🙂
That, and these illegal aliens push out people who otherwise might not be homeless. In all their supposed “compassion” for these illegal aliens, jeffsarc continually (intentionally?) forget about the Americans these illegal aliens have affected.
Stay away from D.C. It has become too dangerous under liberal control:
21 year old congressional intern murdered: was victim of drive by shooting by guess who? Three others killed.
Washington, D.C has become another shite hole thanks to liberals.
https://x.com/Likeshesays/status/1940645480742203899
Will this get as much national attention as the Stoneman Douglas murders?
Anyone else dig the chick behind Mike Johnson in the photo?
Damn, she's hot. That will certainly be more important to me than how this bill would affect every person in the country.
Um, you guys need to get out more. In the free world, she is a 6 or maybe 6.5. Are you wearing Reason goggles?
How much do the members of the House and Senate really know about how it will affect their constituents? Have they examined its provisions in detail, read the analyses of the CBO, and had their own staff pour through it with a fine-toothed comb? Have they listened to what voters in their states and districts have been telling them? Or have they mostly just gone with whatever is said about it by their colleagues (party leaders in particular), Trump and White House officials, social media posts and podcasts, and in the professional media that matches their ideological and partisan preferences?
Put simply, have they actually done their jobs, or are they joining a bandwagon without knowing where it is headed?
Surely they never waste their time reading the CBO bullshit.
I'm sure that you've read CBO reports before concluding that they're bullshit.
Buh bye, Harvard
https://hotair.com/ed-morrissey/2025/07/02/wsj-is-harvards-endowment-a-house-of-cards-n3804402
Rep. Elise Stefanik (R., N.Y.) recently sought an investigation into Harvard’s financial disclosures to bondholders. She might as well have fired a bazooka at the entire private-equity industry.
In a letter to Securities and Exchange Commission Chairman Paul Atkins, the Republican congresswoman said the university’s finances might be more precarious than publicly acknowledged. Much of its $53 billion endowment is invested in private-equity funds that “are often overvalued due to reliance on internal estimates and outdated transaction data,” she said.
The letter added that “the real, realizable value of these assets is likely far below stated values,” because of higher interest rates and declining private-market valuations.
...So if the SEC investigates Harvard over the valuations, it should also investigate the private-equity firms that provide them, if not the whole private-equity sector. This could be helpful. With a full-court press under way in Washington to get private-market funds, like private equity, into Americans’ 401(k) retirement plans, it’s more urgent than ever that alternative investments reflect market realities, not wishful thinking.
...So if the SEC investigates Harvard over the valuations, it should also investigate the private-equity firms that provide them, if not the whole private-equity sector. This could be helpful. With a full-court press under way in Washington to get private-market funds, like private equity, into Americans’ 401(k) retirement plans, it’s more urgent than ever that alternative investments reflect market realities, not wishful thinking.
What do you think the chances of that happening are? Why would Stefanik or the SEC go beyond working to punish Harvard for
being wokenot caving to Trump?If The Trump Organization was guilty of "inducing lending" from Deutsche Bank to the tune of $350M merely by providing it's own numbers as property values, this should be a slam dunk.
Well, that's what happens when you have a party that was historically in favor of reining in government spending gets co-opted by a sort of big-government populist fervor.
Johnson's grasp of reality is pretty weak. Not only is the "historically" reduced spending support by Reps vastly overstated but the current version of "big government" is as well. As a result of his misunderstandings he frames Trump as a bigger spending alternative to traditional Reps which is delusional. The change from a traditional Rep to Trump is an improvement on spending while Johnson portrays it as worse.
Trump isn't doing everything he can on cutting spending, hopefully there's more on the way, but the idea a traditional Rep would not be worse is insane.
'Anyway, the bill is unfortunately likely to pass some time this morning, contra the objections of folks like Sen. Rand Paul (R–Ky.), who are worried about how this will add to the deficit.'
How to not add to the deficit:
1. Cut spending by at least $1 trillion.
2. Increase revenue by at least $1 trillion.
If that revenue increase comes from higher taxes, then each legal resident needs to cough up an $29,000--assuming the burden was spread equally (Ha!). So more like an additional $100,000 on average for actual taxpayers.
Think about that for a moment. To close the deficit gap with higher taxes, all productive people need to fork over more than the median income--forever.
'Republicans' patriotism appears to be growing as Democrats' appears to be shrinking.'
Can we dig out the old "America, Love It or Leave It" bumper stickers?
Define "patriotism" and "loving America". If either definition mentions supporting the current government enthusiastically, then they would be greatly at odds with our Founding principles.
'Good video on the housing crisis by Reason's Emma Camp'
Define "good".
BTW, if current generations have to wait longer to afford their own house, then maybe they should have not been to dedicated to perpetual childhood.
Can you blame people who are now in their 20s for that? Seems to me they are largely the victims of the extended childhood stuff. Not that that means they aren't responsible for their own lives and choices now.
I can, at least partially. Too many people in the 20s and 30s shied away from all the adult rites of passage, from getting a drivers license and living anywhere but mom's house.
I know this continues a long trend (in the 18th century, marriage and parenthood at age 15 or 16 were common). But the past few decades have seen the emergence of a special group.
"Georgescu is accused of promoting fascist and xenophobic views over the past five years, according to a statement on the prosecutor general's website on Wednesday. If found guilty by the court, he may be stripped of the right to run for public office and face a prison sentence."
Sounds like some leftist revolutionary kangaroo court. Just like NYC.
Except even in NYC there aren't laws prohibiting having or expressing the wrong political views and they had to make up some other bullshit to charge him with.
Damn, Emma. Eat a sandwich or something.
Also, get a pop filter and do some cardio or huff some oxygen or something to get rid of the vocal fry. You're leisurely talking to "yourself" in your own back yard, not interviewing randos at a music festival or heading out from base camp to summit Everest.