“This is a president who pardoned convicted war criminals, assassinated Iran’s top general, and deployed troops to seize Syria’s oil deposits — openly admitting he wanted to hand them over to ExxonMobil. A second term promises more of the same: He has already asked advisers for “battle plans” to invade Mexico in an effort to combat drug cartels.”
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“The strongest argument for Trump’s dovish credentials, in all of these accounts, is that Trump did not start any new wars. While Bush invaded Iraq and Afghanistan, and Obama toppled Muammar Qaddafi in Libya, Trump kept the peace.”
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“It’s certainly true that nothing Trump did compares in scope to the Iraq or Afghanistan wars. But few presidents in history ordered anything of that magnitude; the brief 2011 US intervention in Libya doesn’t come close. And when you compare Trump’s record to those of other post-Cold War US presidents, the evidence is clear: Trump is no less willing to use military force, and arguably more so.”
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“Trump did a lot more than order “few missile and drone strikes”: In Iraq and Syria alone, drone strikes launched against ISIS and other terrorist groups killed an estimated 13,400 civilians, per data from Airwars, a nonprofit watchdog affiliated with the University of London. That’s roughly three times as many as were killed by American bombs in the 1991 Gulf War, the 1998-1999 Kosovo intervention, and the Libya war combined.
It’s relatively easy to show Trump’s culpability here: His administration relaxed Obama-era rules of engagement designed to protect civilians. And once swampy Joe Biden became president, drone strikes in Syria and Iraq virtually ended.”
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“In 2017, Trump became the first US president to order an attack on the Syrian government, bombing an airfield in retaliation for chemical weapons strikes, something Obama famously refused to do. In 2018, he pulled out of the Iran nuclear deal and bombed Syrian government positions again. In 2019, Trump approved airstrikes on Iranian soil, only to call the planes back literally while they were in the air. And in 2020, he had General Qassem Soleimani, the commander of Iran’s elite Quds force, assassinated while the Iranian leader was near the Baghdad airport.
Similarly, Trump dramatically increased US airstrikes on Islamist groups in Somalia over Obama levels, and approved the sale of unguided “dumb” bombs to Saudi Arabia for use in Yemen (something the Obama administration blocked). Though Trump frequently stated his opposition to the war in Afghanistan, and eventually did negotiate a withdrawal agreement, he began his presidency by escalating it — sending 3,000 new troops to fight the Taliban, a more than 25 percent increase from the pre-Trump presence. He also openly bragged about relaxing rules of engagement for bombings in Afghanistan, a policy that nearly doubled civilian casualties per year over the Bush- and Obama-era average.”
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“In 2018, Trump threatened to invade Venezuela to topple leftist dictator Nicolás Maduro. In 2019, he launched a broad-based sanction policy explicitly designed to collapse the Maduro government — an open regime change operation.
During that same time, Trump significantly escalated tensions with China over Taiwan — taking provocative actions deliberately designed to send a message of US commitment to the island’s defense. “In the past nine months, U.S. ships have sailed through the Taiwan Strait six times. During the Obama administration, passages were far less frequent, at just one to three times per year,” the Council on Foreign Relations’ Lindsay Maizland wrote in April 2019.”
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“In 2017, Trump sent a full armored brigade to NATO allies on Russia’s border. In 2018, he provided Ukraine with lethal military assistance in its conflict with Russia in Eastern Ukraine (something Obama refused to do, and that Trump would later try to use to extort Ukrainian President Volodymyr Zelenskyy).
In 2019, he withdrew from the Intermediate-range Nuclear Forces (INF) agreement designed to tamp down on nuclear tensions. In 2020, he backed out of the Open Skies Treaty, which created rules for reconnaissance overflights designed to tamp down on military tensions.”
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“the question here is not whether Trump’s foreign policy was good, but rather whether it can be accurately characterized as “dovish” or “anti-imperialist.” A full review shows that it cannot: that Trump was more than willing to use deadly force and impose America’s will on foreign countries.”
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“This is a president who proposed the largest inflation-adjusted defense budget since World War II and declared “we have to have, by far, the strongest military in the world.””
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“Trump’s version of hawkishness is far less moralized, but no less aggressive. He sees himself not as protecting the global order but as putting “America First” — defending the country’s honor and pecuniary interests. This makes him less inclined to launch wars to protect foreign civilians, but more inclined to kill foreign civilians while attempting to target terrorists. Instead of fighting to promote democracy, he is willing to send US troops to take the oil in Syria.”
“The thing about excuseflation is it’s sort of grounded in truth. It’s the idea that companies are using these once-in-a-lifetime disruptions. Think about the supply chain hiccups that we’ve had. Think about the Ukraine-Russia war. And they’re using those one-off disruptions as an excuse to raise prices. And that sounds fair enough. You know, companies, they have expenses. If their input costs go up, maybe it makes sense for them to pass some of those on to customers. But where it starts to become insidious is when they’re raising prices so much that they’re seeing their profits go up quite substantially as well.”
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“Sure. So one of my favorite examples, because, you know, I love these personally, but chicken wings. Let’s talk about chicken wings and Wingstop. Wingstop is a very large purveyor of very delicious chicken wings. And what they’ve been saying on their earnings calls is that they have been raising their prices for their delicious chicken wings. And the reason they’ve been doing that is because the wholesale cost of your basic chicken wing went up quite a lot during the pandemic. We had a lot of disruptions at various farms, chicken farms with labor shortages and things like that. So it made sense that chicken wing prices went up and the company started passing those on to consumers.
The issue now, though, is that we have seen a substantial drop in chicken wing prices. And yet the company isn’t saying that it’s going to start dropping its prices. What it’s discovered, much like a lot of other businesses at the moment, is that actually this strategy of making up what you lose in sales volume with higher prices, so you’re selling fewer products, but you’re selling them at higher prices, [is] a viable strategy in the current environment, and it’s working for a lot of companies because profit margins are up.”
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“baker in Chicago kind of laid it out for us. He said: “Whether it’s rye flour or bird flu, that impacts eggs when it makes national news just running a business, it’s an opportunity to increase the prices without getting a whole bunch of complaining from the customers. It’s not that we’re out there price gouging, but, you know, timing can be everything.””
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“think about the reason that we tend not to like monopolies as consumers. We want, you know, a vibrant landscape of lots of smaller businesses that are all competing with each other so that we get a better value for our money. What happens when you have an industry-wide event that gives a group of businesses an excuse to raise prices: They are all effectively, not officially, but effectively acting as a monopoly. They can all say, well, you know, it’s bird flu, so we’re all going to raise the prices of our eggs.”
“The reason Congress continues to land in the same place is that raising or suspending the debt ceiling, much like funding the government, is something it must address on a regular basis. Every few years or so, Congress has to either increase or suspend the country’s debt ceiling as it accrues more debt. This debt comes from covering government expenses including paying for the military, health care programs, and Social Security.
If it fails to address the debt ceiling, Congress would ruin the US credit rating and put its ability to pay its bills in doubt. That would likely trigger a domestic economic crisis, if not an international one. Were the US to default, interest rates would probably go up and unemployment would increase, potentially putting thousands or even millions of people out of work.
Because it’s must-pass legislation and requires the backing of both chambers, the party that’s out of power in the White House or in the minority in Congress has often used this measure as leverage to extract policy concessions or send a political message. That has erased any incentive to reform the process, even though Congress could do away with the debt ceiling if it wanted to.”
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“In recent years, Republicans have been more aggressive in demanding concessions from Democratic administrations in exchange for their support for a debt ceiling increase, though both parties have utilized such votes in the past to make a point. That’s left the US in a dangerous cycle in which the minority party tries to squeeze every concession it can out of the process, debt ceiling negotiations go down to the wire, and any miscalculation on the part of lawmakers could inadvertently cause a default.”
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“the United States is unique in having a debt limit that lawmakers need to suspend or raise every few years.
A debt limit was first established in 1917 in order to “make it easier to finance mobilization efforts in World War I,” per the Brookings Institution. That enabled the US government to take on debt without Congress approving each individual expenditure, which meant it could more quickly and efficiently finance the military. Since the 1960s, Congress has raised the debt limit more than 70 times; 20 of those times have been in the last 23 years. The debt limit effectively caps how much the US is able to borrow from federal agencies, foreign countries, and banks, so if the country defaults, it isn’t able to pay its bills.”
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“The US government doesn’t have to work this way.
Congress could pass legislation doing away with the debt ceiling, and the president has options to ignore it as well, though they’d likely prompt legal challenges. As Vox’s Dylan Matthews has reported, the president could invoke the 14th Amendment and ignore the debt limit, or Congress could approve an increase to the debt cap that’s so high it basically nullifies the ceiling.
Abolishing the debt limit altogether would prevent either party from using this process as political leverage. Doing so would greatly reduce the uncertainty that comes around every time there’s a deadline like this and prevent significant market volatility that results.
“There are zero downsides to getting rid of the debt ceiling. It is utterly meaningless as a policy guide or institution; it is good only for gridlocking government. And, in the modern age, gridlock is an enormous problem, given the huge pressing needs policymakers should be addressing,” said the EPI’s Bivens.
Other economic experts note that eliminating the debt ceiling could take away an opportunity for Congress to debate fiscal policy. But many feel like that’s a moot point, given debt ceiling standoffs are rarely about any specific spending anymore, but rather about weakening the party in power.”
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“It’s unlikely there’s enough political will to make any of these changes happen. Instead, it seems as though lawmakers are comfortable getting right up to the brink — and running the risk of a default again and again.”
“The legislation, known as the Budget Control Act of 2011, initially increased the debt ceiling by $900 billion and guaranteed a similar amount in long-term savings across defense and non-defense expenditures. It also set up a super committee of lawmakers who were tasked with finding a set amount of additional spending cuts by late November, or automatic spending cuts would be triggered across the board.
By the time the bill passed, however, some of the economic damage was already done. Because the US was so close to default, the stock market had already dipped and the cost of borrowing had increased for the government as well. Higher borrowing costs effectively mean the government has to pay more for loans and has fewer resources to spend on public investments like infrastructure. Additionally, in part due to the brinksmanship involved, the credit rating agency S&P downgraded the country’s credit rating for the first time in US history, signaling to potential buyers that taking on US debt wasn’t as safe as it once was, and undercutting global trust in the country’s economy.
The outcome in 2011 revealed that even getting close to a default was dangerous and had a problematic impact on the economy, experts say. “This is an entirely human-made crisis that adds extra cost to the taxpayer, that can lead to market volatility, and that’s totally avoidable,” said David Vandivier, a former Treasury Department official.
“Repeating it doesn’t make sense,” emphasized Furman.
That warning may go unheeded, however. While Democrats have argued that the debt ceiling — which covers debts the US government has already incurred — should be separate from negotiations on the budget and spending, Republicans have indicated that they’re eager to use this opportunity to secure possible savings, even if it incurs risks that became apparent in 2011.”
“The Biden administration is expanding health coverage under Medicaid and the Affordable Care Act to beneficiaries of the Deferred Action for Childhood Arrivals program (DACA), delivering a long-sought victory for immigrant advocates.
The new rule means the 600,000 immigrants with active DACA status will be able to apply for coverage through their state Medicaid agencies and through the federal health insurance marketplace, where they may qualify for financial assistance based on income. But that victory might be short-lived if the DACA program itself is overturned in court, where it is currently under threat. If DACA is overturned, that could leave hundreds of thousands of DACA beneficiaries, or so-called “DREAMers,” at sudden risk of deportation.”
“The fires are part of a broader pattern of mass casualty events on factory farms, where 99 percent of America’s meat, dairy, and eggs are produced. Some are the result of human or mechanical error, but many stem from natural disasters, such as hurricanes, blizzards, and extreme temperatures, like last summer’s scorching heat wave in Kansas that killed thousands of cows who were subsequently dumped in a landfill. Disease outbreaks, too, result in mass death or culling on farms.”
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“High death tolls could be more likely in the future as mega-factory farms proliferate, packing ever more animals into cramped warehouse-sized sheds. From 1992 to 2017, the number of US farms with 1,000 or more dairy cows has more than tripled, even as the total number of dairy cows has remained about the same.”