Monday, May 31, 2021

@16:00, , 5/30/21

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1

Biden’s Budget Has Racial Equity Efforts Baked In
Michael D. Shear, NYT > U.S. > Politics - 1 hour ago
The budget, which was released on Friday, includes tens of billions of dollars worth of programs intended to bolster the fortunes of people of color and other historically underserved groups.
 
Equality means what it says.
It is a reparation that can and must be provided.

2
Biden's $6 Trillion Budget Aims for Path to Middle Class, Financed by the Rich
Jim Tankersley, NYT > U.S. > Politics - 1 hour ago
The president’s budget envisions a redistribution of wealth that will allow more Americans to enjoy prosperity, buoyed by investments in education, infrastructure and climate-related initiatives.
 
The new budget will be baid by bonded debt.  The bonds will be paid from the general fund.
Much will be rolled into the distant future.
This Republican trope is recognized as the petard it is.
https://en.wikipedia.org/wiki/Trope_(literature)

3
Week-end Wrap – Political Economy – May 30, 2021
Tony Wikrent, Ian Welsh - 2 hours ago
Week-end Wrap – Political Economy – May 30, 2021 by Tony Wikrent Strategic Political Economy Long Slide Looms for World Population, With Sweeping Ramifications [NYT, via Naked Capitalism 5-23-2021] “1 big thing: The state of the world, according to me” Dion Rabouin [Axios, via Naked Capitalism Water Cooler 5-27-21] I find this very interesting because Rabouin […]
 
Alvin Toffler made his points.
https://en.wikipedia.org/wiki/Alvin_Toffler
 
The partisan battle continues with the left shooting at the democrats for not winning final victory.
 
4
Texas Senate Passes One of the Nation’s Strictest Voting Bills
Nick Corasaniti, NYT > U.S. > Politics - 5 hours ago
The Republican-led bill, which would toughen already stringent voting rules in Texas, is likely to pass the State House. Gov. Greg Abbott is expected to sign it.
 
Texas is insane.   It has been since it joined the union.
 
5
Texas Voting Bill Nears Passage as Republicans Advance It
Nick Corasaniti, NYT > U.S. > Politics - 5 hours ago
The bill, which includes some of the strictest voting measures in the country, would head to the desk of Gov. Greg Abbott if it passes. He is expected to sign it into law.
 
The Texas voting bill failed on a quorum call.
 
6
A Look at What's Inside Biden’s $6 Trillion Plan
The New York Times, NYT > U.S. > Politics - 20 hours ago
President Biden’s funding request to Congress lays out his economic ambitions, with proposals for significant new spending in areas like infrastructure, education and the environment.
 
Making the national economy able to earn is an admirable project.

7
Air Force Tries Virtual Reality to Stem Suicide and Sexual Assault
Jennifer Steinhauer, NYT > U.S. > Politics - 23 hours ago
Officials are hoping that an immersive virtual reality experience aimed at getting airmen to intervene will succeed where years of traditional training have failed.
 
Do what works.   The experiment is worth the cost.
 
8
Foster Friess, Big Donor to Republicans, Dies at 81
Neil Genzlinger, NYT > U.S. > Politics - 1 day ago
A conservative Christian and wealthy businessman, he gave millions to Rick Santorum and Donald Trump in their presidential bids.
 
No is not the answer.
 
9
The D.N.C. Didn’t Get Hacked in 2020. Here’s Why.
Nicole Perlroth, NYT > U.S. > Politics - 1 day ago
A devastating email breach of the D.N.C. roiled Democrats in the final months of 2016. An unassuming security official made it his mission to prevent a recurrence.
 
The D.N.C. membership learned the first time.
 
10
Open Thread
Ian Welsh, Ian Welsh - 1 day ago
Use the comments to discuss topics unrelated to recent posts.
 
Negotiation is essential
Sooner is better.  As soon as you can is best.
 
11
Foster Friess, Big Donor to Republicans, Dies at 81
Neil Genzlinger, NYT > U.S. > Politics - 1 day ago
A conservative Christian and wealthy businessman, he gave millions to Rick Santorum and Donald Trump in their presidential bids.
 
No is not the answer.
 
12
Biden Banks on $3.6 Trillion Tax Hike on the Rich and Corporations
Alan Rappeport, NYT > U.S. > Politics - 1 day ago
The White House is proposing substantial increases in personal income tax rates for those earning about a half-million dollars and higher tax rates on large corporations.
 
Biden does not need more taxes to spend money now.
 
13
Senate Republicans Filibuster Jan. 6 Inquiry Bill, Blocking a Capitol Riots Investigation
Nicholas Fandos, NYT > U.S. > Politics - 1 day ago
The vote killed the best chance for an independent accounting of the deadly Capitol attack, which Republicans feared would damage them politically.
 
That is one investigation of many.
 
14
Republican Dissent Delays Passage of China Competitiveness Bill
Catie Edmondson, NYT > U.S. > Politics - 1 day ago
Some Republican senators argued they needed more time to review the bill. Others said its nearly $200 billion price tag was too high.
 
Subsidizing semiconductor manufacture may have some effect on China trade.
Most of the bill is a collection of orphan causes.
The Republicans are sabotaging themselves.
 
15
Here's One Thing Missing from President Biden's Budget: Booming Growth
Neil Irwin, NYT > U.S. > Politics - 1 day ago
For all the administration’s focus on transformational policies, it’s not forecasting an outburst of economic potential.
 
Rationally booming growth is not desirable.
A boom implies a future bust.
 
16
Biden Banks on $3.6 Trillion Tax Hike on the Rich and Corporations
Alan Rappeport, NYT > U.S. > Politics - 1 day ago
The White House is proposing substantial increases in personal income tax rates for those earning about a half-million dollars and higher tax rates on large corporations.
 
There is no reason not to mortgage the future.  Federal Reserve credit is good. 

17
Why Biden Isn’t Cracking Down on Fossil Fuels
Giovanni Russonello, NYT > U.S. > Politics - 1 day ago
Environmental activists had high hopes when he entered office, but have found his record mixed.
 
"Cracking down" on fossil fuels now would crash the retail economy.
 
18
Biden Recognizes Service Members Ahead of Memorial Day
Glenn Thrush, NYT > U.S. > Politics - 1 day ago
The speech came a day after the Pentagon confirmed that United States troops and their NATO allies intend to be out of Afghanistan by July.
 
The returning troops are welcome.  
They are not conquoring heroes.
Heroes deserve a separate recognition.
 
19 
'Special Master' to Decide if FBI Can Use Giuliani's Data
Benjamin Weiser, NYT > U.S. > Politics - 2 days ago
The review would decide if prosecutors, who are investigating whether Mr. Giuliani broke lobbying laws, can access material from devices the F.B.I. found in a search of his home.
 
Keeping records is a precondition to subpoena records.
https://en.wikipedia.org/wiki/Subpoena
 
The question is: are these discoveries covered by the writ.

20
Biden’s $6 Trillion Budget Aims for Path to Middle Class, Financed by the Rich
Jim Tankersley, NYT > U.S. > Politics - 2 days ago
The president’s budget envisions a redistribution of wealth that will allow more Americans to enjoy prosperity, and it invests in climate change, education and infrastructure.
 
Biden will mortgage the future.
 
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