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Trump Threatens Shutdown, Says Biden Will Be Blamed

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President-elect Donald Trump is demanding Congress eliminate or extend the debt ceiling — not an issue it is even currently facing — and threatening a shutdown of the federal government if his demand is not met, a shutdown he claims the public will blame on President Joe Biden.

“If we don’t get it, then we’re going to have a shutdown, but it’ll be a Biden shutdown, because shutdowns only inure to the person who’s president,” Trump told ABC News Chief Washington Correspondent Jonathan Karl on Thursday.

“There won’t be anything approved unless the debt ceiling is done with,” Trump said, Karl reports.

In a statement late Wednesday afternoon, Trump also said: “Increasing the debt ceiling is not great but we’d rather do it on Biden’s watch.”

There have been no government shutdowns under President Joe Biden. As President, Donald Trump oversaw three, including the longest shutdown in U.S. history. USA Today has a list of all 21 federal government shutdowns that have occurred in the past five decades. Thirteen occurred under Republican Presidents, including eight under President Ronald Reagan.

READ MORE: Johnson in ‘Colossal Mess’ with ‘No Plan’ to Avert Shutdown Amid Rising Anger: Reports

“At 34 days, the longest government shutdown was also the most recent, from late 2018 to early 2019, during former President Donald Trump’s administration,” Axios reported last year. That one reportedly cost the U.S. economy about $3 billion.

The House and Senate were prepared to pass a bipartisan continuing resolution (CR) that the Republican Speaker, Mike Johnson, had proposed, until billionaire tech CEO and co-chair of Trump’s nongovernmental Department of Government Efficiency (DOGE), Elon Musk, began tweeting about it. He called the 1500-page bill that provides critical funding for farmers and Americans hit hard by hurricanes, a “crime.”

Congressional correspondent Jamie Dupree described Trump’s remarks by saying, “Trump again turns up the heat on Republicans to do what most of them oppose – eliminate or raise the debt ceiling.”

Veteran intelligence, national security, and foreign policy journalist Jeff Stein encouraged the President-elect to talk to former Speaker of the House, Republican Newt Gingrich, whose public image was negatively impacted by his role in several shutdowns, especially the ones in 1995/1996.

READ MORE: Trump Orders Senate GOP to Not ‘Fast-Track’ Confirmations — Will Some Nominees Change?

“Trump actually thinks the government shutdown will be blamed on Biden. He should ask Newt Gingrich about that. It’s going to land squarely—and rightly— on Republicans, and particularly him,” Stein predicted.

Brian Riedl is a senior fellow at the conservative Manhattan Institute, whose work, according to his bio, focuses on “budget, tax, and economic policy.” He was also chief economist to U.S. Senator Rob Portman (R-OH), and was the right-wing Heritage Foundation’s lead research fellow on federal budget and spending policy.

“I’m so confused,” Riedl wrote, “because Trump and his acolytes kept attacking Biden’s deficits and debt limit hikes, and instead promised to balance the budget and even pay down the debt. Now Trump is demanding space to add unlimited levels of debt.”

READ MORE: Why Aren’t More Democrats Speaking Out Against RFK Jr.’s HHS Nomination?

 

Image via Reuters

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Trump Explains ‘Dumb’ Has a ‘B’

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President Donald Trump thrilled his supporters in New York on Friday as he shared how he came up with his latest nickname for Democrats — his explanation included a spelling lesson.

“Blue means Dumocrat,” the president said. “That’s a new name I came up with.”

“I was, I was thinking about this character we have in the House. His name is Hakeem Jeffries,” Trump said to boos from the audience.

“And he’s a low IQ person, very low IQ.”

“And I watched what he was saying, and what the horrible things he was saying, and I said, ‘He’s a dumb guy.’ I said, Wait a minute, he’s a Dumocrat. That’s how I got the name,” Trump excitedly said.

“You take the ‘e’ out, you don’t use the ‘b’. A lot of people don’t know ‘dumb’ has a ‘b’ in it, actually. You don’t need it. You discard the ‘b.’

“But you take the ‘e’ out, and you replace it with a ‘u.'”

“They are Dumocrats. You know why? ‘Cause their policies are dumb. Their policies are very dumb. All of their policies.”

Critics mocked the president.

“His uncle taught at MIT, but Trump just recently learned there is a b in dumb,” wrote political strategist Jeff Timmer.

Dumbo @realDonaldTrump here is the only one who doesn’t know there’s a b in DUMB,” said former GOP Congresswoman Barbara Comstock.

“It’s impossible to overstate how f— — stupid Trump looks on the world stage,” wrote another online commenter.

 

Image via Reuters 

 

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‘Good Riddance’: Critics Cheer Tulsi Gabbard’s ‘Shocking’ Resignation

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President Donald Trump’s controversial Director of National Intelligence, Tulsi Gabbard, is resigning.

“Unfortunately, I must submit my resignation, effective June 30, 2026,” DNI Gabbard wrote to President Trump, Fox News reports. “My husband, Abraham, has recently been diagnosed with an extremely rare form of bone cancer.”

“During pivotal moments,” NBC News reports, “as Trump deliberated over possible military action or watched live video feeds of operations in Iran or Venezuela, Gabbard was often not in the room, underscoring her outsider status.”

“Gabbard has had a tough tenure being sidelined on Venezuela and Iran. Last month, Trump floated replacing her with Pam Bondi, but some advisers saved her,” reported WIRED’s Hugo Lowell.

President Trump wrote that Gabbard had done an “incredible job,” and “we will miss her,” while Reuters reports that the White House ‌”forced” Gabbard “to ⁠resign ​from her ​post, a person familiar ​with ​the matter said ‌on ⁠Friday.”

The Wall Street Journal’s Dave Brown called Gabbard’s tenure “tumultuous.”

Critics were quick to respond.

“Good riddance. The Iran war has been the biggest display of intelligence incompetence in decades,” wrote U.S. Rep. Shri Thanedar (D-MI).

“Tulsi Gabbard leaves this administration in disgrace after helping Trump drag the country into yet another forever war in the Middle East,” wrote political strategist Mike Nellis. “She built her entire image on opposing these wars, then abandoned that principle the second it became politically inconvenient. That’s her legacy: a complete fraud, completely full of s— — about the one thing people thought she genuinely believed in. Good f— — riddance.”

“Also, is anybody in Congress or the media going to get to the bottom of the whistleblower’s story about Tulsi Gabbard withholding classified intercepted intel for political reasons?” Nellis continued. “What the hell happened there, or are we just going to pretend that didn’t happen?”

“Are we ever going to found out if Tulsi Gabbard broke how many different national security laws by allegedly refusing to hand over investigative documents, or is that just going away now?” asked writer Charlotte Clymer.

Professor and policy analyst Adam Cochran called Gabbard’s resignation “shocking,” and added: “Can’t imagine what they would ask to do that is too out of line for her…”

Associate Professor of Political Science Christopher Clary said Gabbard “will go down as perhaps the most ineffective and incompetent DNI in the short history of that position.”

Image via Reuters 

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The ‘Slow, Boring’ and ‘Easy’ Way to Tax the Rich: Expert

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President Donald Trump managed to effectively raise taxes on the majority of Americans through his tax policies, while handing the richest five percent a tax cut. Now, many Americans want to see the rich pay their fair share — and that could mean increasing their taxes.

The former chief economist of the White House Office of Management and Budget, Professor Zachary Liscow, argues there’s a “slow, boring” yet “easy” way to do so.

“The United States is seeing an increasing concentration of wealth at the very top and a worsening national debt,” Liscow writes in an op-ed at The New York Times. “For many Americans, taxing the rich more is an obvious move.”

He details some of the “novel proposals to curb the many intricate ways the rich make and hide their money,” including a wealth tax, a tax on unrealized gains, and a tax on “loans that billionaires take against their stock.”

But, Liscow warns, while novel, these methods would not raise the substantial amount of money the U.S. needs.

“The boring truth is that Congress can accomplish a lot simply by raising the rates of the taxes already on the books,” Liscow explains.

He examines U.S. Senator Elizabeth Warren’s (D-MA) proposal to tax “fortunes above $50 million,” and says there are “serious constitutional and policy arguments for this idea, but the Supreme Court’s current members would probably strike it down.”

There is a billionaire’s tax proposal by U.S. Senator Ron Wyden (D-OR) that would tax unrealized capital gains, “the appreciation in the paper value of assets such as stocks.” That would likely find a Supreme Court challenge.

There are other tax vehicles, like fixing the “buy, borrow, die” loophole, which would tax loans taken against stock portfolios, but that would likely not raise sufficient funds: “It’s just not where the money is.”

He finds that “the most powerful lever is also the simplest one,” and concludes that “Congress has a simpler, tried-and-true tax policy to choose from: raising the rates.”

Liscow is advocating to restore the “top marginal ordinary income tax rate to its pre-2017 level of 39.6 percent” — where it was before Trump’s first term in office.

“In addition, raising the corporate tax rate from 21 percent toward the 35 percent it had been set at historically would add hundreds of billions in revenue for the government,” he says.

“Raising the rates,” Liscow concludes, “the simple, boring answer — is where the real money lies.”

 

Image: Christopher Penler / Shutterstock.com

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