Biden ignores Mexico s turn to authoritarianism In a nutshell, he s sacrificed democratic principles for expediency on the border crisis.
By Jorge G. Castañeda Text size Copy shortlink:
MEXICO CITY There is no easy way to manage migration from Mexico and Central America. Not during times of economic downturn and especially not during a global pandemic. This is true for both Mexico and United States. It s true whether the American administration is a decent and progressive one like that of President Joe Biden or a nativist and reactionary one like that of former President Donald Trump.
The forces pushing or pulling people to leave their homes and migrate north have existed and evolved for decades. The issue has been a nightmare for American presidents to address, which, in turn, implies a horror show for Mexican and Central American governments.
איך התהפך הגלגל באמריקה: ריד מיי ליפס - העלאות המסים בדרך
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President Bidenâs address to a joint session of Congress underscored this administrationâs left turn. The speech was a laundry list of progressive priorities in domestic, foreign, and social policy with a price tag, when you add in the American Rescue Plan, of some $6 trillion. Bidenâs delivery, heavy with improvisation, only slightly enlivened a prosaic and unoriginal text. Biden repeated lines from both Bill âthe power of our exampleâ Clinton and Barack âthe arc of the moral universeâ Obama. But it wasnât just the words themselves that made me think of Bidenâs most recent Democratic predecessors. The scope of his plans, increasing governmentâs role in just about every aspect of American life, also brought to mind the Democrats who tried to govern as liberals after campaigning as moderates.
Saturday, May 1, 2021
By David Stockman
You would think that knuckleheads like Senate GOP Leader Mitch McConnell would finally wake up. Last night the biggest spender since LBJ and FDR combined laid-out Part 3 of a $6 trillion in 100 days spending spree which comes on top of the Donald’s $4 trillion fiscal bacchanalia last year. Yet the bond vigilantes barely wiggled their small toe.
Indeed, at 1.65%, the 10-year UST is still buried deep below the running inflation rate, which rate itself is on the verge of lift-off.
Still, today’s negative 50 basis point real yield on the benchmark UST is only the culmination of a 30-year campaign by the Greenspan Fed and his heirs and assigns to destroy honest price discovery in the bond pits on the misbegotten theory that cheap debt fosters growth, prosperity and wealth.
Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds
The fight over SALT is a case study in the age-old conflict between constituent politics and national policy.
Credit.Party of One Studio
May 1, 2021, 5:00 a.m. ET
In 2017, congressional Republicans capped a tax break that benefits America’s highest-earning households and people with multimillion-dollar homes. Coastal Democrats have been trying to get it back ever since.
The break, the state and local tax deduction, known to policy wonks as SALT, does what it says it does. It allows people to deduct payments like state income and local property taxes from their federal tax bills. The deduction, previously unlimited, was capped at $10,000 as part of the 2017 tax bill, which was President Donald J. Trump’s main domestic achievement.
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