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 @thedispatchmedia.bsky.social. Congressional GOPers are proposing Reconciliation 2.0 to finally achieve all the big spending cuts they could not get in the OBBBA. In reality, it would surely become yet another panderfest of tax cuts & spending hikes. 🧵 thedispatch.com/article/repu...
Let's say you take out a $400,000 mortgage loan at 6.25% - and choose a 50-year mortgage instead of 30 years. In return for saving $283 monthly, you will pay an extra $421,302 in interest over the life of the loan. Or if you sell at 15 years, will have paid down just $29,000 in equity. Not good.
NEW from me @thedispatchmedia.bsky.social. Secretary Bessent has proclaimed that monthly budget figures show a rapidly declining budget deficit. But he is confusing small timing shifts for major policy changes. Deficits are set to continue rising. 🧵 thedispatch.com/article/defi...
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. 🧵