Happy Ides of March! You might want to avoid knife-wielding Romans today. Trump trial news, lots of Russo-Ukrainian War news, transexual madness starts to recede, and more Disney missteps. It’s the Friday LinkSwarm!
Biden’s proposed budget is going to lower the deficit by $3 trillion. By which he means it will grow by $16 trillion.
Following yesterday’s release of Biden’s $7.3 trillion budget, the Biden administration bragged about lowering the deficit by $3 trillion over the next decade – an average of 0.8% of GDP over that period.
This would consist of roughly $2.6 trillion over 10 years in additional spending programs, offset by around $4.8 trillion in tax increases over the same period. Most of the tax and spending proposals have been included in prior budget proposals from the White House, according to Goldman’s Alec Phillips, however there are several new items.
The budget would increase the corporate alternative minimum tax on book income from 15% to 21%, raising $137 billion over the next decade. It also limits a corporation’s ability to deduct employee pay exceeding $1mm/year, raising $272 billion over 10 years. The largest proposed tax increases include; raising the corporate minimum tax from 21% to 28%, as well as a series of tax increases on high-income earners, including new Medicare taxes, and a new 25% minimum tax on incomes over $100 million, raising $500 billion over the next decade.
Of course, it has zero chance of passing under the current Congress – but that’s not the point.
As one DC strategist wrote in a morning email noted by CNBC’s Brian Sullivan, the budget deficit will still grow by another $16 trillion over the next decade – and that’s with aforementioned tax hikes.
Without them, the deficit grows to $19 trillion.
In short, talk of ‘$3 trillion saved’ is total bullshit in the grand scheme of things, given how much the national debt will grow in the best case scenario.
The judge overseeing the Georgia election-fraud case struck down six counts in the indictment on Wednesday finding that the language in the counts didn’t provide “sufficient detail” for former president Donald Trump and more than a dozen other co-defendants “to prepare their defenses intelligently.”
The counts that Fulton County Superior Court judge Scott McAfee struck down all involved allegations that some of the defendants in the case solicited various Georgia elected officials to violate their oaths of office and to unlawfully appoint pro-Trump presidential electors.
The six counts struck down by McAfee on Wednesday involved Trump, his former White House chief of staff Mark Meadows, and lawyers Rudy Giuliani, John Eastman, Ray Smith and Bob Cheeley. The defendants were accused in the various counts of soliciting elected members of the Georgia house and senate and Georgia secretary of state Brad Raffensperger to violate their oaths “to unlawfully appoint presidential electors.” Trump and Meadows also requested that Raffensperger “unlawfully decertify” the 2020 presidential election, according to two of the counts that McAfee struck down on Wednesday.
Fani Willis ruling: She can stay on the case despite her numerous ethical lapses and bias, but her boytoy Nathan Wade has to go, so he’s stepping down.
“Judge Sets Trial Date for Hunter Biden’s Federal Gun Case.” “U.S. district judge Maryellen Noreika ruled the trial will start on June 3 at a status conference with Hunter Biden’s attorneys and special counsel David Weiss’s team of prosecutors.”
And another one. “Kaluga Oil Facility Hit By Drones.” I know a lot of previous Ukraine drone strikes on oil facilities hit storage tanks. It can be hard to tell with the quality of videos, but in both of these videos, it appears that these recent strikes are hitting either the cracking or fractional distillation towers, which are much higher value targets and more difficult to replace.
The Biden admin knows that US military personnel will not be safe in Gaza, but millions of dollars will be spent to build a pier to send aid that the Gazans don’t even want and that someone in the admin hopes will become a “commercial facility.”
That’s what they think “American leadership” looks like.
Apart from wasting taxpayer money, this is building infrastructure that, unless Israel finishes off Hamas, will fall into the hands of terrorists.
Also, it will take 60 days to build (at least), by which time Israel should have finished pounding Hamas into a thin paste. It’s stupid piled on top of stupid.
I haven’t paid much attention to Robert F. Kennedy, Jr.’s independent presidential run because I doubt it’s going to be on enough state ballots to even play a spoiler role. But the idea that he’s thinking of picking NFL quarterback Aaron Rodgers as his running mate seems extra stupid. Yes, he’s won a Super Bowl and is a four-time MVP, is 40 years old (and thus constitutionally eligible to serve, but what the hell does an NFL quarterback know about running the country? Also, since Rodgers is under contract to the Jets, won’t having to play NFL football preclude him from actively running as VP pick?
Crazy white boy Shuan King is now a Muslim.
Breaking: BLM hoaxer Shaun King and his wife have converted to Islam. King identifies as black and previously identified as a Christian pastor. He regularly uses his large social media platform to threaten people.
“Captain Marvel 3, Ant Man 4, Eternals 2All Cancelled.” Second time to break this out this week:
Related: Just about all of the $71 billion Disney spent to acquire Fox was essentially wasted. They got into a bidding war, and then “they don’t use the catalog that Fox has that they were given.”
In the middle of trial, New York prosecutors abruptly dropped their case Wednesday against three collectibles experts who had been accused of scheming to hang onto and peddle the pages, which Eagles co-founder Don Henley maintained were stolen, private artifacts of the band’s creative process.
In explaining the stunning turnabout, prosecutors agreed that defense lawyers had essentially been blindsided by 6,000 pages of communications involving Henley and his attorneys and associates. Prosecutors and the defense got the material only in the past few days, after Henley and his lawyers apparently made a late-in-the-game decision to waive their attorney-client privilege shielding legal discussions.
In waving attorney-client privilege, it looks like Henley made himself a prisoner of his own device…
If you thought the Flying Yeet of Death was cheap, the Ukrainians have announced they just used a drone that looks even cheaper to hit a Russian airbase:
(A follow-up video suggests they may not have hit much, if anything, but I’m more interested in the drone than the strike.)
The Australian SYPAQ Corvo UAV is the drone reportedly used. “These drones are made out of cardboard, making them almost invisible to radar. They can carry a four to five kilogram payload have a range of between 40 to 120 kilometers, and a flight time of one to three hours. These are dirt cheap and can be made in the thousands.” It ships in a flatpack kit.
Here’s a closer look at them:
I suspect that SYPAQ represents a goodly portion of the future of drone warfare: Numerous and ultra-cheap, but capable of taking out much more expensive enemy vehicles and equipment.
High tech and low cost is a very cyberpunk approach to warfare.
