Jessica Riedl
@jessicabriedl.bsky.social
Sr. Fellow @ManhattanInst. Past: Sen. Portman chief economist (2011-17), DC think tanker (2001-11), budget policy @ 4 prez campaigns. Independent. Formerly Brian Riedl. Views mine.🏳️🌈
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Slowly migrating from toxic Twitter (@Brian_Riedl). I post: -Rapid-response (right of center) economic policy from a longtime DC policy veteran. -So many charts – budget, spending, taxes, deficits. -Contempt for both parties. -Social libertarianism, tolerance, & civility. -Wisconsin sports rants.
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NEW from me. Trump wants to take over the Federal Reserve and lower interest rates in part because he believes it will cut federal budget interest costs by "$1 Trillion per year." In @thedispatchmedia.bsky.social, I show that fiscal dominance would NOT reduce interest costs very much. 🧵
This political era is all about vengeance & escalation. Impose maximum suffering on the other side. They started the war, and they are evil, sick, and must be destroyed. Civility & grace is for losers & wimps. Real leaders fight - no apologies, no mercy. We desperately need de-escalators.
NEW from me. My new video for @reason.com says fine, tax the rich, but recognize that it cannot eliminate more than a small fraction of the soaring budget deficits. And no, those old 91% tax rates and the European tax systems do not prove otherwise. www.youtube.com/watch?v=o0x1...
NEW from me at The Dispatch. Imagine if a president could just eliminate border spending on a whim. Or gut defense, Medicaid or veterans spending. Even defund SCOTUS after a decision, or end SocSec in blue districts. This is the power Trump seeks with impoundment. 🧵 thedispatch.com/article/trum...
1) The BEA (Commerce Dept) measures GDP - not BLS. 2) That stratospheric pre-2012 election GDP estimate showed... 2.0% growth. 3) Zero evidence of these estimates being rigged. 4) That DOD jump was driven by the looming sequester. These conspiracy theories are absurd and sad.