Wednesday Reads

Good Afternoon!!

I’m illustrating this post with relaxing paintings today, because I desperately needed a break from current events.

It seems I may have been wrong about Elon Musk’s departure from the White House. On Saturday, I wrote that I thought he would continue to work with and influence Trump and DOGE. But then Musk began attacking Trump’s “Big Beautiful Bill.”

Actually, it seems as if Trump has fired Musk, and Musk is not happy about it. Lawrence O’Donnell discussed it on his show last night. Here’s what Lawrence had to say:

Musk has been slamming Trump’s budget bill since their last meeting in the Oval Office, and Trump has not responded so far. Here’s the latest:

The Daily Beast: Elon Musk Keeps on Dissing Trump in Flurry of New Posts.

Elon Musk continued his rampage against Donald Trump’s spending bill on Tuesday night, setting the stage for an ugly showdown with the president’s faithful.

“Mammoth spending bills are bankrupting America!” he wrote, sharing a graphic depicting rising national debt over the past three decades. “ENOUGH,” he added.

He also responded with a “100″ emoji to an X user who wrote that Musk had “reminded everyone: It’s not about Right vs. Left. It’s about the Establishment vs the People.”

He then posted an American flag emoji under a post from conservative satire site The Babylon Bee, highlighting a story titled, “The Lord Strengthens Elon One Last Time To Push Pillars Of Congress Over And Bring Government Crashing Down.”

Earlier Tuesday, the billionaire unleashed hellfire on Trump’s so-called Big Beautiful Bill, lambasting the president’s flagship legislative package as “outrageous,” “pork-filled” and a “disgusting abomination.”

“Shame on those who voted for it: you know you did wrong. You know it,” he wrote of the package, which scraped through the House last month solely on Republican votes.

Also from The Daily Beast: Insiders Reveal Why Musk Is Trashing Trump’s Bill: ‘Elon Was B*tthurt.’

Elon Musk’s full-throttle assault on Donald Trump’s “Big, Beautiful Bill” is less about fiscal policy and more about bruised ego, insiders say, claiming the billionaire is “b-tthurt.”

A path in the woods, by Vincent Van Gogh

The drama reportedly began when Musk’s pick for a top federal post, billionaire astronaut Jared Isaacman, was rejected by Trump’s inner circle. Sources said it was Sergio Gor, Trump’s longtime aide and current personnel chief, who blocked the nomination.

“This was Sergio’s out-the-door ‘f–k you’ to Musk,” a White House source told Axios.

This triggered a rift which started with the Tesla CEO soft-launching his dissent last week, hours after his time as a “special government employee” had elapsed.

In a sit-down with CBS News’s Sunday Morning, the Department of Government Efficiency architect said he was “disappointed” with the bill, which he said “increases the budget deficit” and undoes his cost-cutting task force’s work.

Not that Musk actually did any real cost-cutting.

He soon went nuclear against the bill in a series of public posts that culminated in him labeling Trump’s economic legislation “outrageous,” “pork-filled,” and a “disgusting abomination.”

“Elon was b-tthurt,” one source said.

Insiders have now told Axios that his dissent has spiraled into a full-blown meltdown. Musk is reportedly rattled because the bill slashes the electric vehicle tax credit—a key benefit for automakers like Musk’s Tesla….

White House officials also reportedly hurt Musk’s feelings by blocking him from staying on in some capacity after his “special government employee” status was up after 130 days of service.

He was similarly annoyed, sources said, when the Federal Aviation Administration decided against using his Starlink satellite system for national air traffic control.

The White House overlooking his ally, Isaacman, served as the final straw on Saturday night, Axios reported.

Why isn’t Trump pushing back? HuffPost: Lawrence O’Donnell Reveals Why Donald Trump Hasn’t Dared To Clap Back At Elon Musk Yet.

Donald Trump has so far kept silent on former special government employee Elon Musk’s criticism of his “big, beautiful” spending bill as a “disgusting abomination.”

On Tuesday, MSNBC’s Lawrence O’Donnell suggested why the typically “explosively rageful” president has not yet said a thing.

By David Hockney

“That is how you know who Donald Trump fears in this world,” he said. “If you attack Donald Trump and Donald Trump says nothing, Donald Trump’s silence is the biggest expression of fear that he has.”

Musk, the world’s richest person, pumped a fortune into Trump’s 2024 election campaign. Trump rewarded him with the top role at the unofficial Department of Government Efficiency, which was tasked with slashing public spending. Musk left last week.

The president likely now fears Musk may use his cash against Trump-backed candidates in GOP primaries, said O’Donnell.

Trump “fears the richest person in the world convincing Republican members of the Senate and the House not to vote for Donald Trump’s budget bill that Elon Musk now calls a ‘disgusting abomination,’” he added.

Meanwhile, Tesla is in trouble. Yahoo Finance: Tesla stock slumps amid Musk-Trump budget rumpus.

Tesla (TSLA) stock slumped Wednesday in the immediate fallout of the very public policy blowout between President Trump and Tesla CEO Elon Musk.

The one-time leader of the Department of Government Efficiency (DOGE) whined angrily on Tuesday, “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,” adding, “Shame on those” in the House who voted for it.

Musk added early Wednesday morning, “If the massive deficit spending continues, there will only be money for interest payments and nothing else!”

Musk’s rhetoric on Trump and the Republican-backed “big, beautiful bill” was ramping up recently with Musk’s comments to “CBS News Sunday Morning” and hit detonation levels with Tuesday’s post….

Musk’s closeness to the Trump administration had been seen as a boon for Tesla, given its range of business with SpaceX and NASA and the regulatory levers NHTSA could pull with getting autonomous driving rules in place for Tesla’s robotaxi testing.

But demand weakness in the EU and recent protests at US Tesla showrooms have followed Musk’s controversial foray into politics, causing some Tesla owners to become alienated by Musk, specifically by his right-leaning tendencies, DOGE, and outward support of President Trump.

Tesla’s big robotaxi test is slated for June 12 in Austin. Much of the company’s value is tied to whether it can fully unlock autonomous driving for robotaxi purposes and individual owners.

I’ll believe that when I see it.

Today, the Congressional Budget Office released its estimate of the cost of Trump’s big ugly bill. Politico: House GOP gets megabill’s official price tag: $2.4T.

Congress’ nonpartisan scorekeeper released its full score Wednesday of the tax and spending package House Republicans passed along party lines last month, predicting that the measure would grow the federal deficit by $2.4 trillion….

Path in the field, Tatiana Karchevskaya, Indonesian artist

And while top Republican lawmakers are expected to downplay the significance of the complete price tag from the Congressional Budget Office, the numbers will influence what lawmakers are able to include in the final package they are endeavoring to send to President Donald Trump’s desk this summer.

The scorekeeper’s analysis will also be used to determine whether the bill follows the strict rules of the reconciliation process Republicans are using to skirt the Senate filibuster and pass the measure along party lines.

Because Republicans in the Senate are now making changes to the package the House passed two weeks ago, the budget office will need to score the cost of each piece of the new version senators are assembling, followed by another full price tag for the whole package.

Unlike the earlier scores CBO released of the separate chunks of the House bill, the analysis released Wednesday takes into account how policies in one part of the package might influence the budget and economic impacts of others. It also shows that the House-passed legislation would lead to nearly 11 million people going uninsured, with more than 7.8 million of those individuals getting kicked off of Medicaid and millions more losing coverage through the Affordable Care Act marketplace.

Here’s the full CBO report.

Could Joni Ernst’s Senate Seat be vulnerable because of the big ugly bill?

David Dayen at The American Prospect: The First Casualty of the Big Beautiful Bill?

Yesterday, the Yale School of Public Health sent a letter to Senate Democratic leaders with a new analysis showing that the One Big Beautiful Bill’s changes to federal health care programs would kill more than 51,000 Americans annually. Nearly 15 million are liable to lose health coverage as a result of the bill, due to enrollment changes on the Affordable Care Act exchanges, Medicaid cuts that are the largest in U.S. history, and the end of support for the Medicare Savings Program, which grants access to subsidized prescriptions. Those cuts would cost about 29,500 people their lives, the Yale researchers estimate. Another 13,000 largely poor nursing home residents would die from the repeal of the Biden administration’s safe staffing rule, which would remove the minimum number of nurses on call in those facilities. And close to 9,000 would die from the government’s failing to extend enhanced premium support for the ACA that expires at the end of the year, making health coverage unaffordable for another five million Americans.

It’s not easy to wring a compelling message out of legislation that will cause 51,000 deaths. You can lie that the cuts aren’t cuts, but that only gets you so far. Sen. Joni Ernst (R-IA), for example, was clearly flummoxed when confronted at a town hall in Butler, Iowa, last Friday with the fact that people will die because of the bill. So she went philosophical.

Well, we all are going to die,” Ernst said, in one of the most misguided attempts to quiet constituent fears I’ve seen in my political lifetime.

The reaction was immediate both in the room and on social media. And instead of walking back the comments, Ernst doubled down with a creepy “apology” video of her walking through a cemetery. “I made an incorrect assumption that everyone in the auditorium understood that yes, we are all going to perish from this Earth,” she said, before snarking about the tooth fairy and making a pitch for embracing Jesus Christ as a personal savior who guarantees life in the hereafter.

Now, Ernst may have a challenger for her Senate Seat. From the David Dayen post above:

About 200 miles from Butler, in Sioux City, state representative J.D. Scholten was getting ready for the funeral of a local Democratic activist named Gary Lipshutz. Former Sen. Tom Harkin, whose seat Ernst now holds, was at the memorial service. “What she said was going viral as I walked in,” Scholten told me in an interview. “I thought about all the work Gary was doing, and at a funeral you question your life and your purpose. When she doubled down, which was very disrespectful, I was like, game on.”

Scholten, 45, who nearly beat anti-immigrant nationalist Steve King in a northwest Iowa congressional seat Donald Trump won by 27 points in 2018, had been mentioned on short lists of potential challengers to Ernst. But his timeline was set to later in the year, in part due to his summer gig as a pitcher on the minor league Sioux City Explorers. Then Ernst implanted her foot directly in her mouth. “She was not wrong in that we all are going to die, but we don’t have to die so billionaires can have a bigger tax cut,” Scholten said.

He decided to immediately announce a campaign for Senate, thereby making clear it was a direct response to the choices Republicans are making to skyrocket inequality and harm millions of vulnerable Americans.

Click the Prospect link to read the rest.

More on the Ernst town hall from Stephen Gruber-Miller at The Des Moines Register: What’s next for the Iowan who shouted ‘people will die’ at Joni Ernst over Medicaid cuts.

The Iowan who became part of a viral moment by recently shouting at U.S. Sen. Joni Ernst that “people will die” because of proposed Medicaid cuts is a Democrat who is using the moment to launch a campaign for the Iowa House.

India May, a 33-year-old from Charles City, drove to Parkersburg on May 30 to attend Ernst’s town hall. As Ernst was answering a question about Medicaid cuts in President Donald Trump’s tax cut bill, May said she “got a little worked up.”

She shouted at Ernst, “People will die!”

Ernst’s response was, “People will not — well, we all are going to die. For heaven’s sakes, folks.” [….]

In the wake of the town hall, May capitalized on the resulting attention by launching her campaign for the Iowa House of Representatives in 2026.

May is the director of the Ionia Public Library and is a registered nurse and a death investigator for Chickasaw County.

She first moved to northeast Iowa four years ago from Kansas.

She is running for Iowa House District 58, which includes Chickasaw County and parts of Floyd and Bremer counties.

Trump tariff news: Trump’s steel tariffs take effect today.

One more on the big, ugly bill from The New York Times: Electricity Prices Are Surging. The G.O.P. Megabill Could Push Them Higher.

The cost of electricity is rising across the country, forcing Americans to pay more on their monthly bills and squeezing manufacturers and small businesses that rely on cheap power.

And some of President Trump’s policies risk making things worse, despite his promises to slash energy prices, companies and researchers say.

This week, the Senate is taking up Mr. Trump’s sweeping domestic policy bill, which has already passed the House. In its current form, that bill would abruptly end most of the Biden-era federal tax credits for low-carbon sources of electricity like wind, solar, batteries and geothermal power.

Repealing those credits could increase the average family’s energy bill by as much as $400 per year within a decade, according to several studies published this year.

The studies rely on similar reasoning: Electricity demand is surging for the first time in decades, partly because of data centers needed for artificial intelligence, and power companies are already struggling to keep up. Ending tax breaks for solar panels, wind turbines and batteries would make them more expensive and less plentiful, increasing demand for energy from power plants that burn natural gas.

That could push up the price of gas, which currently generates 43 percent of America’s electricity.

On top of that, the Trump administration’s efforts to sell more gas overseas could further hike prices, while Mr. Trump’s new tariffs on steel, aluminum and other materials would raise the cost of transmission lines and other electrical equipment.

These cascading events could lead to further painful increases in electric bills.

Trump tariff news:

By David Hockney

The Guardian: Trump’s 50% tariffs on foreign steel and aluminum come into effect.

The US has doubled tariffs on foreign steel and aluminum imports to 50%, pressing ahead in the face of criticism from key trading partners with a measure that Donald Trump says is intended to revive the American industry.

After imposing and rapidly lifting tariffs on much of the world, only to reduce them, Trump last week refocused on the global steel and aluminum markets – and the dominance of China.

Trump signed an executive order formalizing the move on Tuesday. Higher tariffs “will more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminum in the United States market and thereby undercut the competitiveness of the United States steel and aluminum industries”, the order said.

The increase applies to all trading partners except Britain, the only country so far that has struck a preliminary trade agreement with the US during a 90-day pause on a wider array of Trump tariffs. The rate for steel and aluminum imports from the UK – which does not rank among the top exporters of either metal to the US – will remain at 25% until at least 9 July.

About a quarter of all steel used in the US is imported and data shows the increased levies will hit the closest US trading partners – Canada and Mexico – especially hard. They rank first and third respectively in steel shipment volumes to the US.

The Washington Post: Businesses brace for steel and aluminum tariffs, which double today.

Tariffs on steel and aluminum are doubling to 50 percent Wednesday, adding higher costs and new uncertainty for businesses across the country that rely on metal imports for machinery, construction and manufacturing.

In the order doubling the tariffs, which said it would take effect at 12:01 a.m. Eastern time, President Donald Trump wrote that the higher levies “will provide greater support to these industries and reduce or eliminate the national security threat posed by imports of steel and aluminum articles and their derivative articles.”

But for American companies that rely on specialized metals that aren’t available domestically, the order set off a fresh scramble to raise prices and rethink hiring and investment.

“It’s a big, eye-catching tariff: 50 percent is a high number,” said Gary Clyde Hufbauer, a senior fellow at the Peterson Institute for International Economics. “Aluminum goes into all kinds of products — aircrafts, autos, construction — and steel is used throughout the economy, so you’re talking higher prices and lost jobs across the U.S. manufacturing industry.” [….]

U.S. manufacturers say the sudden onslaught of tariffs is making it harder to operate. Many rely on foreign sources of steel and aluminum to make their products and say it’s been tough to find domestic suppliers.

A few more recommended reads:

Reuters: Exclusive: CDC expert resigns from COVID vaccines advisory role, sources say.

Pediatric infectious disease expert Dr. Lakshmi Panagiotakopoulos of the U.S. CDC resigned on Tuesday as co-leader of a working group that advises outside experts on COVID-19 vaccines and is leaving the agency, two sources familiar with the move told Reuters.

Panagiotakopoulos said in an email to work group colleagues that her decision to step down was based on the belief she is “no longer able to help the most vulnerable members” of the U.S. population.

In her role at the Centers for Disease Control and Prevention’s working group of the Advisory Committee on Immunization Practices, she co-led the gathering of information on topics for presentation.

Her resignation comes one week after Health Secretary Robert F. Kennedy Jr., a long-time vaccine skeptic who oversees the CDC, the Food and Drug Administration and the National Institutes of Health, said the COVID vaccine for healthy children and healthy pregnant women had been removed from the CDC’s recommended immunization schedule.

The move was a departure from the process in which ACIP experts meet and vote on changes to the immunization schedule or recommendations on who should get vaccines before the agency’s director made a final call. The committee had not voted on the changes announced by Kennedy and the CDC does not yet have a permanent director.

The Guardian: US immigration officers ordered to arrest more people even without warrants.

Senior US immigration officials over the weekend instructed rank-and-file officers to “turn the creative knob up to 11” when it comes to enforcement, including by interviewing and potentially arresting people they called “collaterals”, according to internal agency emails viewed by the Guardian.

Officers were also urged to increase apprehensions and think up tactics to “push the envelope” one email said, with staff encouraged to come up with new ways of increasing arrests and suggesting them to superiors.

“If it involves handcuffs on wrists, it’s probably worth pursuing,” another message said.

The instructions not only mark a further harshening of attitude and language by the Trump administration in its efforts to fulfill election promises of “mass deportation” but also indicate another escalation in efforts, by being on the lookout for undocumented people whom officials may happen to encounter – here termed “collaterals” – while serving arrest warrants for others.

The emails, sent by two top Immigration and Customs Enforcement (Ice) officials this past Saturday, instructed officers around the country to increase arrest numbers over the weekend. This followed the Department of Homeland Security secretary, Kristi Noem, and the White House deputy chief of staff, Stephen Miller, pressing immigration officials last month to jack up immigration-related arrests to at least 3,000 people per day.

One of the emails, written by Marcos Charles, the acting executive associate director of Ice’s enforcement and removal operations, instructs Ice officials to go after people they may coincidentally encounter.

“All collaterals encounters [sic] need to be interviewed and anyone that is found to be amenable to removal needs to be arrested,” Charles wrote, also saying: “We need to turn up the creative knob up to 11 and push the envelope.”

We’re already living in a police state.

AP: Trump administration revokes guidance requiring hospitals to provide emergency abortions.

The Trump administration announced on Tuesday that it would revoke guidance to the nation’s hospitals that directed them to provide emergency abortions for women when they are necessary to stabilize their medical condition.

That guidance was issued to hospitals in 2022, weeks after the U.S. Supreme Court upended national abortion rights in the U.S. It was an effort by the Biden administration to preserve abortion access for extreme cases in which women were experiencing medical emergencies and needed an abortion to prevent organ loss or severe hemorrhaging, among other serious complications.

The Biden administration had argued that hospitals — including ones in states with near-total bans — needed to provide emergency abortions under the Emergency Medical Treatment and Active Labor Act. That law requires emergency rooms that receive Medicare dollars to provide an exam and stabilizing treatment for all patients. Nearly all emergency rooms in the U.S. rely on Medicare funds.

The Trump administration announced on Tuesday that it would no longer enforce that policy.

The move prompted concerns from some doctors and abortion rights advocates that women will not get emergency abortions in states with strict bans.

More women will die.

A Pathway in Monet’s Garden, Claude Monet

Military.com: Hegseth Orders Navy to Strip Name of Gay Rights Icon Harvey Milk from Ship.

Defense Secretary Pete Hegseth has ordered the Navy to take the rare step of renaming a ship, one that bears the name of a gay rights icon, documents and sources show.

Military.com reviewed a memorandum from the Office of the Secretary of the Navy — the official who holds the power to name Navy ships — that showed the sea service had come up with rollout plans for the renaming of the oiler ship USNS Harvey Milk.

A defense official confirmed that the Navy was making preparations to strip the ship of its name but noted that Navy Secretary John Phelan was ordered to do so by Hegseth. The official also said that the timing of the announcement — occurring during Pride month — was intentional.

Military.com reached out to Hegseth’s office for comment on the move but did not immediately receive a response.

However, the memo reviewed by Military.com noted that the renaming was being done so that there is “alignment with president and SECDEF objectives and SECNAV priorities of reestablishing the warrior culture,” apparently referencing President Donald Trump, Hegseth and Phelan.

CBS News: Navy set to rename USNS Harvey Milk, mulls new names for other ships named for civil rights leaders.

The U.S. Navy plans to rename the USNS Harvey Milk, a fleet replenishment oiler named after the slain gay rights leader and Navy veteran, and is considering renaming multiple naval ships named after civil rights leaders and prominent American voices, CBS News has learned.

U.S. Navy documents obtained by CBS News and used to brief the secretary of the Navy and his chief of staff show proposed timelines for rolling out the name change of the USNS Harvey Milk to the public. While the documents do not say what the ship’s new name would be, the proposal comes during Pride Month, the monthlong observance of the LGBTQ+ community that also coincides with the anniversary of the Stonewall uprising of 1969. WorldPride celebrations are being held in Washington, D.C., this year.

The documents obtained by CBS News also show other vessels named after prominent leaders are also on the Navy’s renaming “recommended list.”

Among them are the USNS Thurgood Marshall, USNS Ruth Bader Ginsburg, USNS Harriet Tubman, USNS Dolores Huerta, USNS Lucy Stone, USNS Cesar Chavez and USNS Medgar Evers.

That is beyond sickening.


Mostly Monday Reads: A Big, Ugly Mess

“Relax, it’s just a cartoon. I know he can’t do yoga.” John Buss, @repeat1968

Good Day, Sky Dancers!

As you know, I’m a nerd on all levels. I was catching up on my usual rabbit holes. The last thing I was reading was in the category of weather and climate change, and a major disruption in the polar vortex that will drastically change the weather from here on out.  It’s slid off the North Pole and is moving over Northern Europe.  That was after I was reading about this equally major disruption in the global economy.  “China Dumps $18,900,000,000 in Treasuries as US Government Faces Major Dilemma: Macro Analyst Luke Gromen.”   I’m now working on “In late-night vote, Republicans move closer to pushing Trump agenda bill through House.  GOP officials are scrambling to advance massive tax breaks and dramatic Medicaid cuts, and it’s worth appreciating why they’re in such a rush,” written by Steve Benen.

Here in New Orleans, we had a Big Bubble Protest because of some rich guy that moved to the Quarter last year and has filed no less than 15 Criminal complaints over a bubble machine on the balcony of a restaurant that’s been there for over ten years. He thinks that the bubbles will ruin his Porsche and poison his drink when he imbibes on his balcony. This is the typical New Orleans gentrifier. He comes from someplace and expects New Orleans to accommodate his burbie weirdness.  Just another old rich white guy trying to rule the world.

Meanwhile, Trump was posting madly early in the morning about every big music star that ever rejected him. That’s right before he’s supposed to be meeting with Putin and Zelensky over Putin’s invasion of Ukraine.  Joe Biden has cancer, and Junior’s been hitting Truth Social and drugs at the same time.

All I can do is quote Chief Meteorologist Emeritus for Channel 2 Action News’ Severe Weather Team 2. AMS certified Glenn Burns. He was talking about the Polar Vortex, but it applies to everything these days. “Nothing is like it used to be anymore.”

You can go read about the selfies of Trump with the Waffle House Toilet guys for yourself.  Yes, it’s up there on the Daily Mail.

No wonder the Polar Vortex doesn’t want to be near the United States anymore.  Who would?

There are a lot of improvements we need in this country, but none of this stands as necessary or wanted.  I love this float pic but think Senator Duckworth’s label Cadet Bone Spurs is more appropriate since Yam Tits would have never made it to a rank of sargent.  But, yes, we’re getting a big, beautiful parade.  It’s going to cost millions.  This rather makes it official.  We’re a damn Banana Republic.  But the best thing is that pissed-off Americans are once more taking to the streets with placards and protests.  This is from lawyermonthly. ““No Kings Day” Protests Set to Disrupt Trump’s $45M Birthday Military Parade.”

On June 14, date that commemorates both the 250th anniversary of the U.S. Army and the 79th birthday of former President Donald J. Trump, the streets of the nation’s capital are expected to swell, not only with tanks, soldiers, and fighter jets, but with thousands of protestors prepared to send very different message.

In show of political theater unprecedented in recent years, Trump and his allies are staging what they’ve dubbed a “patriotic celebration,” complete with more than 6,000 uniformed troops, 150 military vehicles, and dramatic aerial flyover.

The event, organizers say, is intended to honor America’s armed forces. Critics, however, see something more troubling: public spectacle designed to cement the image of Trump as commander-in-chief, long after leaving office.

But while the parade commands the headlines, another force is quietly gaining momentum and it’s aiming to steal the spotlight.

Born from frustration and sharpened by years of political tension, broad coalition of advocacy groups is organizing massive counter-movement under the banner “No Kings Day.”

It’s not just protest, they say. It’s rejection of the authoritarian imagery they believe the parade represents.

Organizers from groups including the 50501 Movement and Refuse Fascism say they’re mobilizing demonstrations in over 100 cities nationwide, with Washington, D.C. serving as the focal point.

Estimates suggest between 10,000 to 20,000 demonstrators will gather in Meridian Hill Park before marching toward the National Mall.

It’s not about hating Trump, it’s about preserving democracy,” said Angela V., volunteer coordinator in Maryland who’s helping coordinate buses into the city. We can’t normalize tanks in the streets every time former president wants birthday party.”

Though the name “No Kings Day” may sound theatrical, the intentions behind it are serious.

Protestors plan to highlight what they see as Trump’s attempts to centralize power and glamorize military dominance, particularly during time when the former president faces multiple indictments related to election interference, classified documents, and alleged abuse of power.

How about we use that $45 million plus whatever it costs to undo the damage Washington D.C. roads to fund the Veterans’ services cut by that ugly budget winding its way to the Senate today?  Economist Paul Krugman–writing at his substack–colorfully describes the budget process as “Attack of the Sadistic Zombies.  The GOP budget is incredibly cruel — and that’s the point.”  Sounds a lot like the guy who doesn’t want bubbles in his drink or on his Porsche.

Republicans in Congress, taking their marching orders from Donald Trump, are on track to enact a hugely regressive budget — big tax giveaways to the wealthy combined with cruel cuts in programs that serve lower-income Americans. True, the legislation suffered a setback last week, initially failing to make it out of committee. But that was largely because some right-wing Republicans didn’t think the benefit cuts were vicious enough.

OK, news at 11. Isn’t this what Republicans always do? But this reconciliation bill — that is, legislation structured in such a way that it can’t be filibustered and may well pass with no Democratic votes — is different in both degree and kind from what we’ve seen before: Its cruelty is exceptional even by recent right-wing standards. Furthermore, the way that cruelty will be implemented is notable for its reliance on claims we know aren’t true and policies we know won’t work — what some of us call zombie ideas.

And it’s hard to avoid the sense that the counterproductive viciousness is actually the point. Think of what we’re seeing as the attack of the sadistic zombies.

To get a sense of how extreme this legislation is, do a side-by-side comparison of the impact on different groups of Americans between this bill and Trump’s one major legislative achievement during his first term, the 2017 Tax Cuts and Jobs Act. It looks like this:

Source: Tax Policy Center and Penn-Wharton Budget Model

The TCJA, like the current legislation, gave big tax breaks to the wealthiest Americans. But it also threw a few crumbs to people further down the scale. By contrast, the House Reconciliation Bill, by slashing benefits — especially Medicaid — will cause immense, almost inconceivable hardship to the bottom 40 percent of Americans, especially the poorest fifth.

Medicaid, in case anyone needs reminding, is the national health insurance program for low-income Americans who probably don’t have any other way to pay for medical care. In 2023 Medicaid covered 69 million Americans, far more than Medicare (which covers seniors), including 39 percent of children.

Providing health care to children, by the way, isn’t just about social justice and basic decency. It’s also good economics: Children who receive adequate care grow up to be more productive adults. Among other things they end up paying more taxes, so Medicaid for children almost surely pays for itself.

And although Republican legislation apparently won’t explicitly target childrens’ care, it will impose paperwork requirements that will cause both children and their parents to lose coverage.

Here’s some analysis of the late-night passage of the bill on the substack of Heather Cox Richardson, historian. ‘

Tonight, late on a Sunday night, the House Budget Committee passed what Republicans are calling their “Big, Beautiful Bill” to enact Trump’s agenda although it had failed on Friday when far-right Republicans voted against it, complaining it did not make deep enough cuts to social programs.

The vote tonight was a strict party line vote, with 16 Democrats voting against the measure, 17 Republicans voting for it, and 4 far right Republicans voting “present.” House speaker Mike Johnson (R-LA) said there would be “minor modifications” to the measure; Representative Chip Roy (R-TX) wrote on X that those changes include new work requirements for Medicaid and cuts to green energy subsidies.

And so the bill moves forward.

In The Bulwark today, Jonathan Cohn noted that Republicans are in a tearing hurry to push that Big, Beautiful Bill through Congress before most of us can get a handle on what’s in it. Just a week ago, Cohn notes, there was still no specific language in the measure. Republican leaders didn’t release the piece of the massive bill that would cut Medicaid until last Sunday night and then announced the Committee on Energy and Commerce would take it up not even a full two days later, on Tuesday, before the nonpartisan Congressional Budget Office could produce a detailed analysis of the cost of the proposals. The committee markup happened in a 26-hour marathon in which the parts about Medicaid happened in the middle of the night. And now, the bill moves forward in an unusual meeting late on a Sunday night.

Cohn recalls that in 2009, when the Democrats were pushing the Affordable Care Act, more popularly known as Obamacare, that measure had months of public debate before it went to the Committee on Energy and Commerce. That committee held eight separate hearings about healthcare reform, and it was just one of three committees working on the issue. The ACA markup took a full two weeks.

Cohn explains that Medicaid cuts are extremely unpopular, and the Republicans hope to jam those cuts through by claiming they are cutting “waste, fraud, and abuse” without leaving enough time for scrutiny. Cohn points out that if they are truly interested in savings, they could turn instead to the privatized part of Medicare, Medicare Advantage The Congressional Budget Office estimates that cutting overpayments to Medicare Advantage when private insurers “upcode” care to place patients in a higher risk bracket, could save more than $1 trillion over the next decade.

Instead of saving money, the Big, Beautiful Bill actually blows the budget deficit wide open by extending the 2017 tax cuts for the wealthy and corporations. The Congressional Budget Office estimates that those extensions would cost at least $4.6 trillion over the next ten years. And while the tax cuts would go into effect immediately, the cuts to Medicaid are currently scheduled not to hit until 2029, enabling the Republicans to avoid voter fury over them in the midterms and the 2028 election.

The prospect of that debt explosion led Moody’s on Friday to downgrade U.S. credit for the first time since 1917, following Fitch, which downgraded the U.S. rating in 2023, and Standard & Poor’s, which did so back in 2011. “If the 2017 Tax Cuts and Jobs Act is extended, which is our base case,” Moody’s explained, “it will add around $4 trillion to the federal fiscal primary (excluding interest payments) deficit over the next decade. As a result, we expect federal deficits to widen, reaching nearly 9% of GDP by 2035, up from 6.4% in 2024, driven mainly by increased interest payments on debt, rising entitlement spending and relatively low revenue generation.”

Steven Beschloss calls for more activism today at his substack, America, America. “Heeding the Warnings! We must avoid normalcy bias, expand our imagination, and both recognize and confront the fascistic danger of the Trump regime.”

Last week On Tyranny author Timothy Snyder warned that the second 100 days of the Trump regime could entail a dangerous escalation that includes some kind of terrorist attack. Imagining this can be hard; it’s understandable to ignore such a warning since it’s not yet true, it’s unpleasant to consider—and yes, it may not happen.

But it’s worth listening to what this historian of authoritarian regimes envisions—a warning layered with advice on how to prepare and how to respond. “I think it’s very important to expect there will now be exogenous surprises,” he said in a short video, including the “bottom falling out” of the economy because of the tariffs, “a major disruption” within the U.S. or even some kind of terrorist attack.

“Don’t fall for language about extremism or terrorism,” Snyder urged if it happens. He also emphasized the importance of staying calm, being active and sticking together. “Be aware that this is the pretext that will be used to push things further…use it as an opportunity to hold the people responsible who should be taking responsibility.”

This mirrors what he said in one of the final chapters of his short book that offers lessons to prepare, one entitled “Be calm when the unthinkable arrives.” His thinking draws on the Reichstag Fire staged by Hitler and the Nazis in 1933.

Snyder writes:

Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.

As he notes in a Substack piece published last month about the possibility of such an attack, “The people in the White House have no governing skills, but they do have entertainment skills. They will seek to transform themselves from the villains of the story to the heroes, and in the process bring down the republic.”

None of us know if such an attack will happen. But I agree with Snyder that it’s important to expand our imaginations and be prepared if it does. That means not falling victim to normalcy bias.

Yes, millions of Americans failed to grasp the potential for disaster and crisis if Donald Trump were to occupy the White House again. But rather than look backward and rue that misfortune, let’s look forward and do what we can.

Warn the people we know. Warn the people we meet. Reach out on social media and email to our friends and communities. Contact our elected officials. Participate in public demonstrations and bring friends with us.

Let them all know this is an emergency—no time for business as usual and old ways of doing things. There’s an arsonist in the White House aggressively seeking to end our constitutional republic, free speech and the rule of law. And let’s not lose sight of our collective power to ensure that the Trump regime’s desired trajectory is not inevitable.

The Financial Markets are reeling. This is from NYT. “Markets Rattled on Concerns About U.S. Debt.  Stocks fell, the dollar slipped, and bond yields jumped after a rating downgrade highlighted worries about the cost of President Trump’s policies and the health of the economy.”

Turbulent trading hit financial markets on Monday, with investors selling U.S. stocks and bonds and the dollar, an ugly combination that suggests sentiment is souring on the outlook for the world’s largest economy.

The S&P 500 index fell about 1 percent in early trading in New York. Bond markets shuddered, with U.S. Treasury prices falling and their yields, which underpin interest rates across the economy, rising. The 10-year yield jumped a tenth of a percentage point, a large move in that market, to 4.54 percent. The dollar also fell, with a gauge of its value against other major currencies slipping 0.8 percent.

One factor jarring markets is a bill in Congress that would make President Trump’s signature 2017 tax cuts permanent and could add trillions of dollars to federal debt. A House committee voted to approve the bill Sunday night, although it was expected to remain a focus of contentious congressional debate.

The United States’ loss of its last triple-A credit rating late on Friday and mounting concerns about government debt have threatened to disrupt the relative calm in markets that has prevailed since Mr. Trump paused many of his tariffs in recent weeks.

In downgrading the U.S. credit rating, Moody’s cited the tax cut legislation along with broader concerns about the fiscal deficit and growing debt costs. The move by Moody’s means that all three major rating agencies no longer consider the United States qualified for their top credit ratings.

The U.S. credit rating downgrade and worries about debt and deficits could further upset financial markets if they begin to shake the safe-haven status of Treasury bonds. That would likely spur global investors to demand higher premiums in return for buying U.S. debt.

On Monday, the 30-year Treasury yield rose to its highest level in a year and a half, above 5 percent.

The market has yet to fully absorb the Treasury Bond Dump by China.  This is from the Daily HODL (News and Insight for the Digital Economy).  Yes, I’m getting seriously nerdy for you know. This is the kind of stuff that drives my research and derivatives class lectures. This is the stuff that should frighten everyone if they ever knew about it.  “China Dumps $18,900,000,000 in Treasuries as US Government Faces Major Dilemma: Macro Analyst Luke Gromen.”

Macro investor Luke Gromen warns that the countries buying more USTs won’t be able to simultaneously buy more American-manufactured goods, further hurting America’s trade deficit that President Trump has promised to address.

Says Gromen,

“Foreign UST holdings rose $133 billion Mar vs. Feb.

UK, Caymans, and Canada were $86 billion of that $133 billion; China sold $19 billion.

UK surpassed China as the 2nd biggest US foreign creditor for 1st time ever in March.

Cayman Islands (pop. ~73,000) is now the fourth biggest US foreign creditor at $455 billion…

How are they going to buy both USTs and more goods from America going forward?”

Analysts reportedly told Reuters that Chinese holdings of USTs have been in a downward trajectory since 2018, even though foreign holdings of Treasuries surged to an all-time high of $9.05 trillion in March.

That means our exports will go down in many of the countries.  It’s damned recessionary.  Also, if the price of bonds goes down because a country dumps their portfolio of treasuries, the interest rates go up.  It will be truly interesting to see what the Fed does with this.  Then there’s this. I bet Senator Warren is apoplectic. This report comes from The Guardian.  You remember how fun that crash was. “US reportedly plans to slash bank rules imposed to prevent 2008-style crash. Watchdogs could cut capital rules as Trump’s deregulation drive opens door to rollback of post-crisis protections.”

US watchdogs are reportedly planning to slash capital rules for banks designed to prevent another 2008-style crash, as Donald Trump’s deregulation drive opens the door to the biggest rollback of post-crisis protections in more than a decade.

The move follows heavy lobbying by the banking industry, with lenders such as JP Morgan and Goldman Sachs having long complained that competition and lending have been hindered by burdensome rules governing the assets they must hold versus their liabilities.

Regulators are expected to put forward the proposals this summer, aimed at cutting the supplementary leverage ratio that requires big banks to hold high-quality capital against risky assets including loans and derivatives, according to the Financial Times, which cited unnamed sources.

The rules came into force after the 2008 financial crisis, as part of efforts to shockproof the banking system and avoid damaging ripple effects that could cause another global economic meltdown. The crisis forced governments to spend billions of dollars bailing out big lenders that took too much risk.

Changes to bank capital rules have been widely expected, with Trump having promised a bonfire of regulation during his second term in office, with plans to slash 10 regulations for every new one added.

While some critics warn it is the wrong time to slash protections, given growing uncertainty over policy overhauls and market volatility, banks seem to have won the ear of policymakers. Lobbyists have long argued that the rules punish them for holding relatively low-risk assets including US debt, known as treasuries, and hinders their ability to provide more loans.

I just want to wish Former President the best as he struggles with cancer. I know how that feels. I’m 35 years out from a stage 4 cancer episode. It transforms how you see time.  “President Biden has metastatic prostate cancer. Here’s what you should know,” via CNN.  He will receive top-quality cancer treatment and has a wonderful supportive family.  All of this will help him. He’s also one tough cookie.

President Joe Biden’s diagnosis of metastatic prostate cancer has understandably raised concerns and questions: How long has he had cancer, how will he be treated, and what is his prognosis?

As a urologist, I regularly diagnose prostate cancer in my patients, and each time I share the diagnosis with them and their family, it’s never easy. Over time, I’ve learned the importance of keeping conversations simple and straightforward — avoiding sugar-coating and instead using data, statistics and personal experience to help patients begin their cancer journey.

As his public announcement draws attention to this type of cancer, it’s a reminder to regularly check on your own health. Here’s what you need to know about metastatic prostate cancer: how it’s detected, what treatments look like, and why early screening remains essential for men’s health.

The former president’s diagnosis began after he experienced “increasing urinary symptoms,” his office said, and a prostate nodule was discovered.

“Metastatic” means the cancer cells have spread beyond the original location (the prostate gland) into other areas — most commonly bones and lymph nodes. Biden’s cancer has specifically spread to his bones, placing him among the 5% to 7% of prostate cancer cases in the United States that are metastatic at initial diagnosis. While this percentage seems small, it represents a significant number given that over 300,000 men in the US and approximately 1.5 million worldwide are diagnosed with prostate cancer every year.

Early-stage prostate cancer carries an excellent prognosis, with nearly a 100% five-year survival rate. However, when prostate cancer is metastatic at diagnosis, the five-year survival rate drops sharply to around 37%. Importantly, these survival rates are statistical averages, and individual outcomes vary considerably based on overall health, age, cancer aggressiveness, and how well a patient responds to treatment.

All of the policies add up to a big mess for the economy. It’s driving me back to research again.  But right now,  I guess I’ll go blow some bubbles for a while.

What’s on your reading and blogging list today?

Racist bros may carry flaming tiki torches to intimidate and marginalize. But New Orleans carries tiki bubble torches to bring joy and fight entitled rich dudes

Big John (@dcbigjohn.bsky.social) 2025-05-18T21:43:28.809Z

lol the bubbles are flowin’ in the quarter

Big John (@dcbigjohn.bsky.social) 2025-05-18T21:00:53.116Z