Which I will celebrate by recycling a video from 2023: Halloween on Capitol Hill.
Some of the references don't hold up, but (sadly) many do. And I still hate Halloween. I note my bitter commentary from 2023: "I swear that next year, I'm going to turn off all the lights, and read my Kindle in the dark."
But I didn't. And won't this year either. 2026? Stay tuned.
Also of note:
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How can Republicans claim to oppose socialism, when… As Jeff Luse points out, Republican socialism goes nuclear: Trump bets $80 billion on government-backed energy.
Since President Donald Trump's return to the Oval Office, the federal government has trademarked its own version of Republican socialism by nationalizing steel production and taking equity stakes in chip manufacturers and mining projects. Now, it's getting involved in the nuclear power sector.
On Tuesday, Westinghouse Electric Company announced that it had entered "into a strategic partnership" with the federal government, Brookfield Asset Management, and uranium fuel supplier Cameco Corporation to build "at least" $80 billion worth of Westinghouse's AP1000 nuclear reactors across the country. The agreement was made "in accordance" with Trump's May executive order, which called for the deployment of 10 new large nuclear reactors in the U.S. by 2030, according to Westinghouse.
The prospects for the GOP returning to a decent respect for free-market capitalism in the next few years seem slim as well.
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The outlook for fiscal sanity doesn't look good either. Veronique de Rugy outlines The Forces Fueling America's 45-Year Debt Addiction. There are, she says, three. (And I'm really resisting including a quote from Monty Python and the Holy Grail here…)
First, and the main cause of the mess we are in, is that the entitlement state became enormous yet untouchable. The Social Security reforms of 1983 are a rare example of bipartisan structural reform of a major entitlement program in U.S. history. Since then, despite economic and societal changes, the program has never been reformed. Never mind that it faces insolvency and the potential for automatic benefit cuts of more than 20% in 2033. The same is true of our other major debt driver: Medicare. And Medicaid is growing far beyond its original intent.
Democrats, occasionally helped by Republicans, have worked to expand welfare programs meant for lower-income people to those in higher and higher income brackets. The most recent and extreme example is the COVID-19-era expansion of the Obamacare tax credit to wealthier taxpayers, a significant share of whom enjoy early retirement. The fight over its continuation is what the government shutdown is about.
Second, Republicans discovered that promising tax cuts without offsetting spending cuts was politically painless so long as one claims that they "pay for themselves." There is one rare and recent exception: this year's "One Big Beautiful Bill," which included $1.5 trillion in spending reductions over 10 years to offset some of the tax cuts. It's not enough, but it's something. Meanwhile, the Democrats love to claim that debt wouldn't be a problem if the rich paid their "fair share." They already do pay an enormous amount in taxes. But the numbers still don't add up.
Finally, the Federal Reserve, starting under then-Chairman Alan Greenspan in 1987, learned how to anesthetize the political pain of budget deficits by keeping interest rates artificially low and monetizing debt. Politicians concluded that they could borrow endlessly without suffering political consequences. The problem is that this only works insofar as investors don't worry that they will be paid back with inflated dollars.
That illusion has vanished. Interest costs have surged from $372 billion annually just a few years ago to nearly $1 trillion today, surpassing what we spend on defense or Medicaid. Within a decade, yearly interest payments are projected to nearly double, reaching $1.8 trillion. Even without new programs, the built-in deficit would keep rising and outpace economic growth. And Washington keeps adding more deficit spending.
There's plenty of blame to go around, but I think Vero coulda and shoulda, but didn't, aim some scorn at the voters, (i.e., us), who keep returning the same bozos to Congress, year after year.
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Just to cheer you up, a wee bit of sanity. Roger Pielke Jr. reports on it: Bill Gates Shakes Up the Climate Discussion.
Yesterday, in his periodic letter to the world, Bill Gates shared three truths about climate change — and shook up the climate discussion. While the longer term implications of his letter are uncertain, early signs are that Gates has injected a welcome dose of climate realism into the discussion.
Here are his three truths (and I encourage everyone to read his whole letter):
Climate change is a serious problem, but it will not be the end of civilization;
Temperature is not the best way to measure our progress on climate;
Health and prosperity are the best defense against climate change.
For most [readers of Roger's substack], these truths will be well understood, even common sense, and will seem neither shocking nor scandalous.
But for some steeped in climate advocacy grounded in visions of “existential threat” or a looming apocalypse, Gates’ truths have rocked their world.
Roger lists some amusing responses to Gates' truths/heresy.
My only gripe, but it's a biggy,
Climate change is a very important problem. It needs to be solved, along with other problems like malaria and malnutrition.
[Bolded in the original.]
I think the "problem/solution" mindset is wrongheaded. It needs to be countered, hard, with the Sowellian wisdom:
There are no solutions. There are only trade-offs.
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Meanwhile, on the other bank of the Salmon Falls River… Jeff Maurer observes: You'd Think the John Fetterman Experience Might Sour Progressives on Graham Platner.
He’s not your grandma’s progressive Democrat: He’s a muscly, tatted-up dude with rap rock facial hair and a working class vibe. He’s edgy, he’s in your face — you’ve heard the expression “let’s get busy” — well, this is a
dogSenate candidate who gets “bizz-ayyy!”…consistently and thoroughly. He’s been endorsed by Bernie Sanders and progressive pundits are absolutely smitten by him despite some details in his biography that one might call “colorful”.Am I describing Pennsylvania Senator John Fetterman or Maine Senate candidate Graham Platner? I’m describing both (and also Poochie The Dog from The Simpsons a bit). Platner is running to be the Democratic nominee for Senate in Maine, and progressives love him because:
1) He says the word “billionaire” a lot — there are 110 words on Platner’s campaign home page and four of them are “billionaire” (which is one more appearance than the word “the”).
2) He fits a wine-track progressive’s image of a working class guy: He’s a veteran, an oyster farmer, and he uses uncouth language of the sort one might overhear while eavesdropping on the help. The fact that he has a history of saying awful shit on Reddit and also has…ahem…a wee bit of Nazi iconography tattooed on his chest almost makes him more authentic. Because the poors do that sort of thing, do they not?
I confess that I'd like someone better than Susie Collins as a Maine senator. That doesn't seem to be in the cards.

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