⁠Wall St Engine
RT @elonmusk: This is debt slavery for the American people

The accrued interest on the national debt now exceeds $1 trillion a year—more than we spend on national defense

And yet Congress continues to add to the debt at an astounding rate of $2 trillion per year—with our national debt growing faster than our economy

Unless we turn this around quickly, our debt and deficit will increasingly threaten our ability to fund the basic operations of government

But have no fear, these massive deficits are “essential”—that is, they play an essential role in Congress’s ability to avoid making difficult decisions while “getting things done” (i.e., spending more money), which seems to be the prime directive of The Uniparty™️

This harms hardworking Americans—especially the poor, who are hit hardest by the invisible, highly regressive tax this inevitably creates (in the form of inflation)

Meanwhile, big spenders in Congress—in both parties—forge ahead, knowing well that the media will praise them for voting to spend more, and relentlessly criticize anyone who wants to cut … well … basically anything

No amount of media praise directed at politicians can provide moral justification for the immense harm that this cruel, vicious cycle inflicts on hardworking Americans - Mike Lee
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⁠Wall St Engine
TRUMP: PUTIN CONVERSATION WAS GOOD BUT WILL NOT IMMEDIATELY LEAD TO PEACE https://t.co/9zYB96Db1X
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⁠Wall St Engine
CBO says Trump’s tax and spending bill would ADD $2.4T to the deficit over 10 years, while his tariffs could CUT deficits by $2.8T over that same stretch. Tariffs would hit GDP by 0.6% and push PCE inflation up 0.9% by 2026.
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⁠Wall St Engine
OPENAI TOPS 3 MILLION PAYING BUSINESS USERS - CNBC https://t.co/5Gfs11Sb9Q
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⁠Investing visuals
Why $NBIS is a compelling business:

🔹 All-in-one AI stack
🔹 Strong balance sheet to fuel future growth
🔹 Portfolio of high-quality subsidiaries
🔹 Deeply experienced workforce
🔹 Massive global TAM
🔹 Founder-led
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⁠Wall St Engine
TRUMP: DEBT LIMIT SHOULD BE ENTIRELY SCRAPPED TO PREVENT AN ECONOMIC CATASTROPHE https://t.co/yt5Lhlyvy6
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⁠Quiver Quantitative
UPDATE: Last month, Representative Robert Bresnahan filed a purchase of Microchip Technology stock.

$MCHP has now risen 83% since the trade. https://t.co/oU283xu6kw
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⁠Quiver Quantitative
Elon Musk has called for Congress to proposed a new spending bill that doesn't grow the deficit.

Many members of Congress are invested in companies that directly benefit from proposals to increase spending.

Historically, Congress has done well in those investments: https://t.co/knk0iIibnl
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⁠Wall St Engine
Some Senate Republicans on the Finance Committee are signaling they’re open to keeping some nuclear and geothermal tax credits as they begin reconciliation talks on the House-passed IRA rollbacks.

Senators like Todd Young and James Lankford say they’d support a longer phaseout rather than a full repeal, especially for baseload energy sources like nuclear and geothermal. The move reflects broader GOP support for more reliable power over intermittent renewables like wind and solar, which they argue weaken grid stability.

Source: Axios
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⁠Wall St Engine
UNITY CTO STEVE COLLINS STEPS DOWN

TechCrunch reports Collins is leaving for personal reasons just six months after joining. Collins joined from Candy Crush maker King. Unity’s $U been through a rough stretch with layoffs, pricing backlash, and a CEO exit. https://t.co/rE6QQZbZG5
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⁠Quiver Quantitative
JUST IN: Donald Trump has said that he agrees with Elizabeth Warren that the debt limit should be scrapped entirely
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⁠The All-In Podcast
🚨🚨 new all-in interview: jared isaacman on what went wrong at nasa

@rookisaacman joins @friedberg for an incredible conversation on:

-- being nominated by president trump to lead nasa

-- the problems at nasa and his plan to fix them: misalignment, bureaucracy, external forces

-- breaking down the proposed budget cuts to nasa

-- why china caught up in defense and space, and how to change america's trajectory

-- private vs public in the space industry

-- why his nomination was withdrawn days before he was set to be confirmed

(0:00) @friedberg welcomes @rookisaacman

(1:10) jared's background: billion-dollar founder, pilot, commercial astronaut

(7:15) relationship with elon and spacex, road to becoming a commercial astronaut

(16:37) becoming trump's nominee to lead nasa, the major issues at nasa and his plan to fix them

(31:52) breaking down nasa's proposed budget cuts, the space race against china, private vs public space industry

(48:31) why jared's nomination was withdrawn by president trump
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