Bloomberg is correct in saying The Senate Must Scrap the Big Beautiful Budget and Start Over

 

The Senate Must Scrap the Big Beautiful Budget and Start Over

Refusing to grapple with America’s debt problem is bad enough. Maneuvering to make it even bigger is unforgivable. 

By The Editorial Board

The Bloomberg Editorial Board publishes the views of the editors across a range of national and global affairs.

Court Tariff Rulings are signal to Trump that he needs to get his sycophant Mike Johnson to put in a bill to impose a 10% import tariff on everything from everywhere and then the Donald should put on additional duty on just China's exports to the U.S.

Keep it Simple Stupid 

Mercurial tariff rate changes for example a 20% rate for the EU one day, then 10% and now 50% threatened for July 9th shows a complete lack of understanding of the months long timetable of placing an order at a foreign factory and its arrival at a U.S. port. Its for this good reason that tariffs are the purview of a slow acting Congress and hopefully the Supreme Court may force President Trump to use his sycophant Speaker of the House Mike Johnson to put up a bill to impose a 10% import tariff on everything from everywhere and as counter     

Moral contempt is an unattractive emotion, which can slide into arrogance and pride, which I will try to struggle against. In the meantime, it provoked this column from a mild-mannered guy on a beautiful spring day.

I’m Normally a Mild Guy. Here’s What’s Pushed Me Over the Edge.

By David Brooks

Opinion Columnist

After weeks of Mr. Trump claiming he could leverage his relationship with the Russian leader to bring peace, Mr. Putin’s continued aggression has prompted even Mr. Trump to question whether he has been strung along.

Deal Maker or Duped? Trump’s Embrace of Putin Shows Few Results.

The American president’s preference for praising and excusing the Russian leader has yielded no progress toward peace in Ukraine.

By Zolan Kanno-Youngs and Luke Broadwater

Reporting from Washington

The Senate is not wrong in having voted against California’s onerous electric-vehicle mandate

 

Liberation Day for Gas-Powered Cars

The Senate votes to end California’s EV quota. Will Newsom give it up?

The infamous Smoot-Hawley Tariff, enacted in 1930, helped transform a financial panic into a worldwide depression. The 1932 elections were cataclysmic for the Republicans, giving Democrats control of the White House for 20 years, the Senate for 44 of the next 48 years, and the House for 58 of the next 62 years. In 1934 Congress adopted the Reciprocal Trade Agreements Act, which delegated power to President Franklin D. Roosevelt to negotiate reciprocal trade reductions and back the world out of the Smoot-Hawley Tariff.

 

Tariffs Mean Electoral Defeat for the GOP

The debacle of 1932 is the most famous example, but Republican (and Whig) losses span the period 1842 through 2020.

By 

Phil Gramm

 and 

Donald J. Boudreaux

Mr. Gramm is a nonresident senior fellow at the American Enterprise Institute. Mr. Boudreaux is a professor of economics at George Mason University. They are the authors of “The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism.” Mike Solon contributed to this article.

"To cripple the institutions that acquire and transmit knowledge is a tragic blunder and a crime against future generations." Yes, but is weaning Harvard away from dependency on Government funding the blunder?

 Harvard Derangement Syndrome

y Steven Pinker

Dr. Pinker is a professor of psychology at Harvard University.