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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (24759)	6/12/2025 1:50:22 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26769

Perhaps the PAGO that seems to be ignored should be replaced by a constitutional amendment that spending is not allowed to go up higher than inflation except for well defined "emergencies" where the spending is ONLY allowed to exceed that number if there is an agreement on how to pay for it when the emergency is over (perhaps as simple as raising the tax rates 1% on everyone until the deficit is repaid.) The good news is last month the spending went up to match inflation withing a few tenths. Not sure if this excerpt from my spreadsheet is visible... lots of text. so I'm showing only the last 3 years and the Y/Y comparisons. CLEARLY it shows tax collections make liars out of the haters of lower taxes.... collections are soaring far above inflation... FWIW, I'm doing my part to increase tax revenue as I'm taking distributions from my IRA and paying massive taxes. My HOPE is I get my SALT back for $30 or $40K as the current $10K doesn't cut it. Thank goodness we have a few Republicans from the large by land mass part of the State that will hold out for SALT deductions if they will sign the "Big Beautiful Bill". Trump needs EVERY ONE of their votes!

To: robert b furman who wrote (24759)	6/12/2025 2:03:28 PM
From: Kirk ©	1 Recommendation Recommended By robert b furman Respond to of 26769

My guess is the stock trades were not nefarious but just wealthy reps with loads of capital do situational rebalancing. They all want to have inside info on making stock trades. When the market tanks, it usually comes back so they move cash to stocks... and some of the more experienced have others use options to magnify the recovery. I see it as a vote of confidence in the US system. Ro Khanna is a local, far left liberal I find worth sending my comments to via X. I read he was one of the larger traders so for him to jump in after the "Trump Tariff Dump" wasn't about knowing Trump would initiate the "TACO Trade" but a belief that markets over react and we make a lot of money by taking advantage. x.com twitter.com [/iframe] This keeps vanishing...

To: robert b furman who wrote (24759)	6/12/2025 4:09:21 PM
From: Kirk ©	1 Recommendation Recommended By robert b furman Respond to of 26769

Maybe some form of that idea such as no inflation adjustments for annual allocations so they have to use efficiency from learning or whatever. I also like expiration dates on grants. I say whatever the deficit is from the past year gets an across the board equal percent reduction in the next year's authorizes expenditures. If not followed thru, the next guy in charge gets a shot at cutting expenditures. How did PBS and NPR get such a large amount of funding to become obvious partisan media outlets? I'm sure when they first got their grants, it was to produce shows like "Masterpiece" ... ie art... but those now get plenty of corporate backing (Viking cruise line I think) and the money goes to influencing audiences towards a political viewpoint.