The new household tax in Trumpistan

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Study finds Trump tariffs will cost the average American household over $1,000 in 2027; gas currently at $4.07 a gallon. {ABC News 25 August}

https://finance.yahoo.com/economy/policy/articles/tariffs-cost-us-households-over-193829042.html

FTA: United States tariffs will cost the typical American household more than $1,000 per year, the non-partisan Yale Budget Lab found in an estimate released on Tuesday.

The forecast arrives amid a flurry of fresh levies imposed on Canadian products after a collapse in trade negotiations over the weekend.

A round of 50% U.S. tariffs on dozens of Canadian goods worth $20 billion took effect on Saturday, followed by a measure unveiled on Monday that will double levies on Canadian cars and auto parts in January.

The US-Canada trade war could push up these prices, analysts say

The new tariffs on Canadian goods accounted for about $30 extra per household per year, the Yale Budget Lab said.

Canada on Tuesday announced levies of its own, to take effect on Sept. 8, that would match the value of goods targeted by U.S. tariffs.

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🪐💔 #QueSeraSera 𓅨 🕈

Copyright 2026, Arthur Newhook.

When debt becomes destiny

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The former United States pays the highest bond yields in twenty-five years as national debt nears $40 trillion and deficits soar. {The Telegraph 14 August}

https://www.telegraph.co.uk/gift/18f5ae5793fd4b3c

FTA: The US has paid the highest interest rate on newly issued bonds in a quarter of a century as the American national debt soars.

The treasury sold 30-year US government bonds at an interest rate of 5.216pc on Thursday, the highest borrowing cost seen in a debt auction since 2001.

It came hot on the heels of another auction on Wednesday, where 10-year US bonds were sold at an interest rate of 4.683pc, the highest since 2007 for Treasuries of that duration.

Washington is being forced to offer higher returns to investors as the US national debt pile nears $40tn (£29.6tn).

The US debt-to-GDP ratio stands at more than 121pc, and Washington now pays more to service its national debt each year than it spends on defence.

James Athey, a fund manager at Marlborough, said: “The US is running a record peacetime deficit while unemployment is low, and the economy is still growing at around trend.

“This is an incredibly worrying situation for a major economy to be in and strongly suggests that the economy isn’t as robust as many are making out. It also means that, should a recession occur, the deficit would blow out significantly, creating real challenges for government funding.

“This large deficit also means that the US government is having to raise a lot of funding each year, meaning more bond supply and further upward pressure on yields.”

Mr Athey also suggested that concerns about the credibility of the US Federal Reserve (Fed) were pushing up borrowing costs.

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🪐💔 #QueSeraSera 𓅨 🕈

Copyright 2026, Arthur Newhook.

The deficit of a dying empire

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US budget deficit soars to its highest level since March 2021; tariff refunds accounting for a fair portion of the increase. {CNBC 12 August}

https://www.cnbc.com/2026/08/12/us-budget-deficit-surged-in-july-to-highest-level-since-march-2021.html

FTA: The July shortfall totaled $432.3 billion, up some 48% from the same period a year ago and the largest monthly deficit since March 2021.

Medicare expenses for the month totaled $174 billion, up from $103 billion in June and now at $955 billion for the full year. It was the single largest expenditure in July, well ahead of the $141 billion spent on Social Security and $104 billion in net interest on the national debt.

Tariff refunds also hit the budget, costing $33 billion as the administration continues to provide rebates for levies that the Supreme Court ruled illegal. Additionally, the budget took a $99 billion hit because the first of the month was a nonbusiness day, accelerating various benefits outlays as well as Supplemental Security Income and Medicare payments.

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🪐💔 #QueSeraSera 𓅨 🕈

Copyright 2026, Arthur Newhook.

The Dow Jones sinks to a 2026 low amid renewed inflation anxieties. Do not expect the American people to ever hold Donald Trump to account for it, or anything else

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{CNBC 18 March} “Dow tumbles more than 750 points to new closing low for 2026, fueled by inflation woes; Fed holds steady on rates”

Curious how ‘y’all’ are enjoying this beautiful economy that was promised by your orange godking?

No need to ask. So long as grievance remains the organising principle, and the American people – at least, the ruling white trash coalition that comprises the vast majority of the country’s gun owners, law enforcement, military personnel, assorted Christian leaders, trailer park dwellers, conspiracy theorists, dedicated racists, and suburban lay folks of what we used to know as ‘the middle class’ – are granted licence to hate without consequence, no amount of bad news will touch Donald J. Trump. Allegations of sexual misconduct. An attempted coup. Criminal mismanagement of a once-in-a-century medical crisis. We are not even scratching the surface — and still he remains insulated.

All because a culture animated by resentment would rather suffer than surrender its animus. Stop trying to reason with it. When cupboards empty, someone else (be it Joe Biden, or whoever Trump hath anointed as the villain of the day on any given day) will be blamed. It never fails. Hell on Earth. 

Copyright 2026, Arthur Newhook.

The United States is dying by its own hand, being killed by those who, on one hand, claim to love it most, and yet also falsely claim to be most betrayed by it. Putin’s stooges, wittingly or unwittingly. F**k you

Shutterstock

Wishing all my friends who are moms, and to all moms, a wonderful Mother’s Day. And extra special blessings to all the Ukrainian mothers. #StopPutin #StandUpForUkraine Слава Україні

EA Worldview

I believe we are maybe two, three years away from the vast majority of white Americans rising up and explicitly demanding the ethnic cleansing of the United States. Led on by Donald Trump and the GOP. There is no way this union stands much longer, its people hate each other too much for that to be possible. There is no other logical end game for this extreme right brainwashing that has been so successful in destroying any semblance of unity - whatever that may or may not have entailed beforehand - in this dying country. And when the moment of the ultimate right-wing coup arrives, and it will, the nationalist populist alliance will sacrifice useful idiots such as Clarence Thomas, Candace Owens, Dan Bongino (is he black?), and the braying stereotypes known as Diamond and Silk. Bank on that, they are all useful idiots and each lower than an ‘Uncle Tom.’ We are in for ugly times in this Fascist hellhole, especially once #Murica finally gets done s**ting on President Biden - the best president this nation has had in decades, that an entire country is determined to undermine - and succeeds in pushing him aside. I hold zero hope in this nation’s people and this country has outlived its usefulness - once considerable and beneficial to global order - to humanity ...

I am begging President Joe Biden to assert his authority over this country. A country full of whining a**holes, enough already! Mr. President, address this persistent unpopularity in opinion polls, and set the people straight! My one complaint with this man is that he is, usually (there have been wonderful exceptions), too damn nice. Crack the whip, Mr. Biden, get #Murica in line. Marital law if need be, these malcontents are begging for it. Supporting Putin while they can see Ukrainian civilians are being targeted and killed, my god. How could I possibly stand with the people of my country, as a believer in God, when they cheer on such evil toward innocents and hate their own leader without due cause?

Christian nationalism and white supremacy are going to make an ostentatious last stand in #Murica - already doing so to a degree - and it’s going to be our final undoing as a nation. The people who claim to love this country the most will be most responsible for its demise …

Why hate modern #Murica, redneck nation? Have any of its most fervent adherents done even a single positive thing for this country in years? Truly? Do they do anything but express hate and engage in mindless tribalism, as if these were the Middle Ages? Does the @GOP really have anything of value, or no value, to offer this country, f**king airheads and useless dolts they are? Will the other party ever grow a spine and denounce populism for this country’s own good? Will the people of this country, so out-of-control and full of hate and ignorance, ever be brought to bear and listen to reason? I feel it so strongly in the air, people just want to start killing each other, and that is going to happen, soon. For my own personal safety, and for the sake of all that is good and holy, I pray God that He will bring this evil nation to its bloody knees. Seriously, 99% of you are f**king evil, America, and my God is going to make you pay for your evil.

Susan Walsh/AP

The First Lady visits Ukraine on Mother’s Day - And she will receive not one ounce of appreciation or acknowledgement from the American people, evil bastards. (AP 5/08)

Bryan R. Smith/Getty Images

WHO: Worldwide COVID-19 death toll is estimated to be nearly three times higher than officially reported - New estimates include those believed to have died as an indirect result of the pandemic, or ‘excess deaths’ as they are classified. (CNN 5/05)

NYT: The era of cheap and plenty may be ending - The end began long before 2020, but that is when it began in earnest; when the real hurt began settling in. America’s best years are behind it, and inflation is here to stay. Vladimir Putin is not helping matters any. Excerpt: ‘Starting late in 2020, prices for washing machines, couches and other big products jumped sharply as production limitations collided with high demand. Inflation has only accelerated since. Russia’s invasion of Ukraine has further snarled supply chains, raising the prices of gas and other commodities in recent months and helping to push the Fed’s closely watched inflation index up 6.6 percent over the year through March. That is the fastest pace of inflation since 1982, and price gains are touching the highest level in decades across many advanced economies, including the eurozone and Britain.’ (New York Times 5/03)

Francisco Seco/AP

Dozens feared dead in Russian attack on school in the eastern Ukrainian city of Zaporizhzhia - In the same city where the nuclear power plant was attacked on March 3, nearly triggering a global catastrophe. This level of evil knows no bounds and will only be stopped by sheer force. (AP 5/08)

Panzerhaubitzen: Germany to send self-propelled armored howitzers to Ukraine, offer training to certain Ukrainian soldiers - The big guns; can fire up to a distance of 25 miles. Another remarkable shift in long-standing German policy, which has always been to avoid sending weapons to regions involved in conflict. (Deutsche Welle 5/06)

(UATV Video 5/08) Russian students experience the consequences of taking part in protests against the 'special operation.'

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The United States passes an ominous milestone: Gross national debt now exceeds $30 trillion, years earlier than expected

Andrew Mangum/NYT

Never will it be possible to pay this debt back in cash. Which means the debt will eventually be collected on by creditors using other means. Your children and grandchildren will either be speaking Mandarin Chinese, or living in caves and eating grass as nobody will be able to afford a home or anything else. Until then, I would suggest not listening to either of our political parties about how their opponents have been spending recklessly and they’re the responsible ones. Democrat or Republican, blood is on all of their grimy hands. Via the New York Times -  

WASHINGTON — America’s gross national debt topped $30 trillion for the first time on Tuesday, an ominous fiscal milestone that underscores the fragile nature of the country’s long-term economic health as it grapples with soaring prices and the prospect of higher interest rates. 

The breach of that threshold, which was revealed in new Treasury Department figures, arrived years earlier than previously projected as a result of trillions in federal spending that the United States has deployed to combat the pandemic. That $5 trillion, which funded expanded jobless benefits, financial support for small businesses and stimulus payments, was financed with borrowed money. 

The borrowing binge, which many economists viewed as necessary to help the United States recover from the pandemic, has left the nation with a debt burden larger than the entire economy, surpassing levels of red ink not seen since World War II. 

Some economists contend that the nation’s large debt load is not unhealthy given that the economy is growing, interest rates are low and investors are still willing to buy U.S. Treasury securities, which gives them safe assets to help manage their financial risk. Those securities allow the government to borrow money relatively cheaply and use it to invest in the economy. 

Yet the figures come amid renewed concerns in Washington over the nation’s fiscal trajectory and its ballooning budget deficit, which is the gap between what the nation spends and the revenue it brings in. Those worries helped stall negotiations over President Biden’s $2 trillion safety net and climate spending proposal, with Senator Joe Manchin III of West Virginia citing “staggering debt” as a reason he could not support the legislation. 

The lingering pandemic has slowed the momentum of the economic recovery, fueling inflation rates unseen since the early 1980s and raising the prospect of higher interest rates, which could add to America’s fiscal burden. (Read more)

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Government releases improving economic figures, but take with a grain of salt

Reuters/Octavio Jones

Reminder: Just because Trump isn’t president anymore, it doesn’t mean the government’s unemployment numbers – or the means of determining those numbers - are legitimate. Far more people have stopped looking for work, and those folks are not included in that 4.6% number. It seems that partisans remember this fact when the other side holds the White House, but conveniently forget when it’s their guy in office. Don’t do that. Reuters -  

WASHINGTON, Nov 5 (Reuters) - U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter. 

Nonfarm payrolls increased by 531,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data for September was revised higher to show 312,000 created instead of the previously reported 194,000. 

Economists polled by Reuters had forecast payrolls rising by 450,000 jobs. Estimates ranged from as low as 125,000 jobs to as high as 755,000. Worker shortages persisted, even as federal government-funded unemployment benefits wound down in early September and schools reopened for in-person learning. 

Still, the report joined rising consumer confidence and services sector activity in painting a more favorable picture of the economy, after the Delta variant of the coronavirus and economy-wide shortages of goods restrained growth in the third quarter to its slowest pace in more than a year. 

The unemployment rate fell to 4.6% from 4.8% in September. While companies desperately want to hire, millions remain unemployed and outside the labor force. (Read more)

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