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Sunday, July 13, 2025

The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May. That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year, which ends Sept. 30. A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%. read more


Friday, July 11, 2025

Trump tariffs live updates: Former 1st world nation Canada struck with 35% tariffs, Trump floats higher blanket rates read more


Wednesday, July 09, 2025

The latest workforce data suggests that American workers have been the main beneficiaries in the labor market amid the Trump administration's crackdown on illegal immigration. The Labor Department's jobs report for the month of June showed that the number of foreign-born workers declined by 348,000 from May " while the number of foreign-born workers has declined by more than 543,000 jobs since January. By contrast, the number of U.S.-born workers increased by 830,000 from May to June, and is also over 2 million higher than when the second Trump administration began in January. read more


Thursday, July 03, 2025

US labor market adds 147,000 jobs in June while unemployment falls to 4.1% read more


Monday, June 30, 2025

This new case was filed by the American Civil Liberties Union, ACLU of New Hampshire, ACLU of Maine, ACLU of Massachusetts, Legal Defense Fund, Asian Law Caucus, and Democracy Defenders Fund on behalf of a proposed class of babies subject to the executive order, and their parents. read more


Comments

"Trump has created uncertainty in the market which has in turn reduced consumer confidence and led to large reduction in discretionary spending."

Inflation adjusted discretionary spending is just fine - the 'dip' in consumer confidence is largely driven by media narrative (spike in inflation and mass layoffs) that never came to pass and now US citizens are basically tuning out their continual fake news. The ACTUAL DATA tells the truth - REAL WAGES growing at the fastest rate in 60 years. Core inflation at 1.6% (20% below the Fed target). Total Inflation at 0.8% (almost unheard of in modern times). 2M+ native workers back working and being productive again.

"In addition your tourism industry has died off despite the dollar falling 10%."

Less foreign trash - American are traveling just fine and benefiting from the very low gas prices (thanks Trump!). The less Euro-trash and Canadians clogging up our roads, the better.

"This despite the reality most of "Liberty Day" tariffs have been delayed and the market now views him as a blowhard that lacks the balls to follow through."

Effective tariffs at our ports for the last several months has been ~20%. This occurred with the total lack of inflation and massive jobs losses that you ------- liberals had been predicting. The only ones quoting the TACO nonsense are the liberals trying to get any small win that they can - the reality is that they just demonstrate how they do not understand how to negotiate. Probably explains why liberals are economic losers.

"Killing demand and creating stagflation will help tamper inflation but it will lead to mass unemployment in the long run.
#62 | Posted by Scotty"

Highest real wage growth in the last 60 years and inflation at 1.6% (core) and 0.8% (total) show you to be a lying -------.

Maybe you should focus on your problems up in Canada because we don't have your problems here.

"#11 | Posted by snoofy"

In Trump's first term (pre-covid) native born employment peaked at 131.7M, when Biden left office, the native born employment was 130.6M - 4 years after covid re-opening, and Biden managed to lose 1M+ native workers.
fred.stlouisfed.org

Trump comes in and 100% reverses this ---- trend and brings 2M native workers back into the workforce.

Yeah - this is a big deal. Also, he did this while having real wage growth being the highest in 60 years.

That is 2M native born workers being less reliant on government handouts and actually being productive for the economy vs. being a drag on the US economy.

"Trump needs approximately 30% of Americans to support him in order to control the Electoral College.
#3 | Posted by ClownShack"

Trump is not on the ballot again -------. He is doing what he thinks is right and what he promised to do in the 2024 election when it comes to immigration and I 100% support it. Yes, we were always going to get the 'heartbreaking stories' and liberals screaming out in pain as their brown slaves are taken away - but within a year, the positive impacts will be very clear. Spending will decrease drastically, schools will work again, and wages and US citizen employment will continue to skyrocket.

To think that native born employment has increased by 2M people, nearly 1.5%, in just 5 months is absolutely wild. Those people will finally be able to get off from welfare and be productive. Now, their kids can focus on actually learning vs. having their resources diverted to ESL programs and trying to bring migrants 3 levels below grade level up to a minimum standard.

This is the beginning of the American Renaissance.

And to think, in 20 years time, you ------- liberals will have to look at the younger generation that will live much better lives as a result and tell them - yeah, we fought against all of that! We wanted you to compete for jobs with illegals here in the US. Yeah, the boomers wanted us to compete with the low wage workers overseas - but we put that policy on steroids and wanted you to compete right here in the USA! And your schools - it is racist not to dumb down the curriculum to a 3rd world standard. Having zero kids proficient in both math and English in an entire school system like Baltimore is completely normal and shows the good job our union teachers are doing.

There are too many -------- to respond to individually so I will write a single collective response as you all basically say the same moronic thing: "just wait, inflation is coming because of the tariffs!"

The problem for you -------- is that you have been saying the same thing for the last 4 months - and yet - inflation is below the Fed's 2% target, which is much lower than any sustained number Biden put up even with the tariffs.

The reason this happens is that you -------- STILL DON'T UNDERSTAND TARIFFS. Tariffs drive substitution in product selection - hence, retailers cannot simply pass on the tariff cost to consumers.

The net effect - AS PROVEN BY THE INFLATION DATA - is that the US government collects tariffs (~20% effective currently at the ports) and prices don't increase as proven by the inflation data as the tariffs are eaten by suppliers and middlemen.

Also, I have focused on CORE inflation - but the reality for Trump is that we should focus in TOTAL inflation. I say this as Trump's economic policies are predicated on reducing energy prices - and the decreased energy input will lead to very low inflation or even price decreases. That is exactly what we see with the total inflation numbers - annualized rate of 0.8% (less than half of the Fed target).

Lastly, this is paired with kicking out the illegals for 2 added benefits:
1.) US Citizen Wages and US Citizen # of workers goes up
2.) We save BILLIONS on social services (medicaid, school, etc) by having the illegals deported

Thus for for point 1 - US native born employment is up 2M jobs since Trump took office AND we had the we had the highest REAL WAGE GROWTH in 60 years due to wages going up paired with low inflation.

We have yet to see the big savings from point 2 above because the deportation (forced and voluntary) haven't been reflected in reduced need for the services (we will see this in the 2026 budget resets). For instance, for K-12 public schools, we are likely to see a 10-15% drop in enrollment with the illegals being deported (includes illegal kids taking their anchor babies back to their home country).

Yes - I know this hurts liberal fee-fees because the economic plan is working exactly as it was designed and exactly as I told you it would - but your hurt fee-fees DOES NOT CHANGE REALITY.

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