Seems bad

CBO significantly raised its projections of the interest rate the government pays on its debt. This is a key driver of debt/gdp sustainability. It also means higher interest rates on credit card debt, auto loans, mortgages, etc. And it means higher prices, since business investments cost more.

Whoa, did not know you could write a FUN story about CBO gamesmanship (I think @marcgoldwein.bsky.social's metaphor might be my fave, but they're all pretty good)

@marcgoldwein.bsky.social 4/4/25 on #X Read the full #BudgetHawks analysis here: www.crfb.org/blogs/senate...

Rs wrote a tax bill that costs $3.9T. $4.8T in cuts - $1T in offsets (rounding). but they turned off a lot of stuff early to make the costs look artificially small - even tho they’ll want to extend it. if they extend the expiring provisions, it’s $5.3T in costs ($6.3T in cuts - $1T in offsets).

Ex-FDA chief @scottgottliebmd.bsky.social says Biden “mishandling” bird flu, urges swift action from Trump thehill.com/policy/healt...

Always worth rereading George Washington’s letter to the Newport Synagogue. The founders, as imperfect as they were, were so far ahead of their time. founders.archives.gov/documents/Wa...

Happy 25th Anniversary to those who remember...