Americans realizing they spent $75 billion fighting Iran, then another $300 billion rebuilding Iran, just to reopen the Strait of Hormuz that was already open before the war started

Well, here's some math. Starlink is a profitable business with about $11 billion of sales and $3 billion of free cash flow. It might be worth $75 billion at a frisky multiple of 25X free cash flow. The balance----the space launch business and the AI/data centers in space fantasy----has $7 billion of sales and NEGATIVE -$17 billion of free cash flow. So why is it worth anything, unless you are pricing a dream peddled by sell-side hucksters?! In short, after trading up to $2 trillion based on $75 billion of tangible Starlink value, where's the remaining $1.925 trillion of it? This isn't just the classical mania of the crowds. This is sui generis--- mass insanity in a casino that has been giving a lobotomy by three decades of money-printing madness at the Fed and its fellow-traveling central banks around the planet.

Florida Democratic operatives, donors, and pundits should dead the conversation right now about who the party’s nominee was in 2018. Frankly, it’s insulting to Black voters. Black voters took great pride in nominating a Black candidate for governor that year. They participated in the process, weighed their options, and made their choice. That was their right. To keep relitigating that election eight years later — saying it should have been someone else or that things would have been different if another candidate had won — is, at its core, questioning the judgment of the very voters who made that decision. It sends the message that their vote was only acceptable if it produced the outcome you wanted. How dare they deign to think for themselves? It’s over. Let it go. If we’re going to have any chance of winning this fall, the same voters some people keep insulting won’t just need to show up — they’ll need to overperform. Continuing to lecture them about a decision they made eight years ago is political malpractice. Let me be clear: many of us have spent years working to take back the Governor’s Mansion. There is no path to victory in Florida that does not run through Black voters. None. Full stop. So stop talking about 2018. And not for nothing, the other side has nominated a Black man. If you want to have a conversation about how we energize the base, expand the coalition, and win this fall, call me. Otherwise, keep it on the playground. P.s. I suspect David Jolly and Gwen Graham would agree with me—they want to win and so do I. 🖤

After taxes, $36,325 was my bring home pay as a public school teacher in Florida this year. For a state that likes to brag about having the top education system in the country, they sure don’t show appreciation for the ones who achieved it. Florida is dead last for average teacher pay, 50th in the country. It’s shameful. Fortunately, I have my retirement from the DoD and healthcare through the VA and Navy; but I am an outlier. It’s unacceptable that teachers in Florida are working 2-3 jobs just to make ends meet as the cost of living continues to skyrocket, including unaffordable housing, gas prices, astronomically priced groceries, and healthcare expenditures. This is unsustainable for Florida’s educators and their families. Don’t just say you appreciate teachers, show it.

Get well Mayor! 🙏🏼

Not accurate. Property Appraisers are constitutional officers elected by constituents. They are employed by taxpayers. Cities and counties work with the valuations they are given. They don’t decide or dictate the determination of assessed value.

Not accurate. Property Appraiser are constitutional officers elected by constituents. They are employed by taxpayers. Cities and counties work with the valuations they are given. They don’t decide or dictate the determination of assessed value.

👇🏼Exactly right.

Bonus-Why stop at counties? If a county can’t fund core services without annual checks from Tallahassee, some will argue it should be consolidated into a neighboring county. Fine. Why wouldn’t the same logic apply to cities? If a city can’t fund police, fire, roads, and drainage without recurring state support, why is it still a city? How many of Florida’s 411 municipalities survive under that test? Because if your police department, fire department, and road budget depend on a yearly appropriation from Tallahassee, you don’t have home rule. You have an allowance.

5. Who actually controls your city budget after this? If Tallahassee defines “core services,” spending limits, reimbursement formulas, allowable millage growth, and allowable revenue… then local government becomes government by permission slip. Your city council may still hold meetings, but the real budget power moves to the Capitol.

I think what’s most striking is how little serious analysis appears to have been done before rolling out a proposal of this magnitude. This is one of the most amateur rollouts of a transformational tax proposal I’ve ever seen. Right now, you can’t even ask detailed questions because almost nobody involved seems to have real answers, fiscal modeling, or implementation analysis. For something that could fundamentally reshape local government finance in Florida, that should concern everyone.

RT @HillaryClinton: By the end of Trump’s term, it’ll be just enough to buy one gallon of gas and a carton of eggs.

This profoundly incorrect statement inspired me to make a new graph. This shows primary deficits from 1790-2054. The orange line shows what would happen without the Bush tax cuts, TCJA, and OBBBA. If not for the 21st century tax cuts, we wouldn't have a fiscal gap.

With top advisors like this it’s no wonder @realDonaldTrump administration has run up 1/3 of the total debt in our country’s history. Hundreds of billions is a ton of but the deficit was 1.8T 2025. @StephenM’s math isn’t matching. Likely cause he’s just full of 💩 as usual.

🇺🇸 I’m honored to receive the endorsement of Javier Fernandez, Mayor of South Miami, @ElectJavier for our campaign for Congress. Mayor Fernandez has always been a strong advocate for our community and I'm grateful for his support, leadership, and transparency.

To meet Ruth was to love her. Privileged to meet her little over 20 years ago. Will forever cherish our time together. Thank you for your example of fearless public service! We have big shoes to fill. miamiherald.com/news/local/o…

Money lining the path that helps Big Tobacco get kids hooked on flavored vapes. Making America Great. Sure.

Sen. Rick Scott today took aim at new UF presidential pick, but in his missive to state university system chancellor Scott also took zapped UF's law school hiring of @JamesUthmeierFL that he called "bizarre" that "demonstrates a pattern of malfeasance" in UF hiring/contracting

It’s week 6 of the Reflecting Pool being fixed in two weeks. It’s week 12 of our 3 week war with Iran. And it’s week 68 of Trump’s promise to lower prices on week one.

I’m thinking he should pull himself up by his own bootstraps.