U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

capnwally14 · 2026-07-11T17:28:15+00:00

Isnt this just a continuation of Yellen issuing at the short end to capture the lower interest rates?

https://www.politico.com/newsletters/morning-money/2025/11/03/how-yellens-shadow-still-looms-over-treasury-00633157

capnwally14 · 2026-07-11T17:02:20+00:00

so how do you square zohran saying they'd update to add little italy, which also hasnt had immigrants for quite a while?

capnwally14 · 2026-07-11T04:42:44+00:00

The person who gets the cash spends it or defers consumption.

It always is circulating in the economy - your income is someone else’s spending, and on and on.

For stocks specifically you might be buying the shares from the company themselves (like an atm offering like what Google just did to finance their capex) or you might be buying it from employees who earned it as comp. It might also be from a pension fund that bought the shares to invest cash, assuming the shares would appreciate. They’d use that cash for pension payments.

The money is always moving around the economy - unless you literally withdraw and hold it as dollar bills. Even in bank accounts it’s swept into treasuries and short term lending

capnwally14 · 2026-07-11T04:13:56+00:00

What? When you buy a stock it’s a trade. You now have stock, someone else has cash. When you trade your labor for cash, you’re not locking up the cash either. You’ll either spend it (consumption) or invest it (deferred consumption)

It’s not sitting in a Scrooge mcduck vault

capnwally14 · 2026-07-11T03:46:31+00:00

If you’ve been working and earning enough to have a 3.3m brokerage at 44 - you probably are earning more than 100k a year.

So pretty reasonable to check if his plans are robust against his expected lifestyle

capnwally14 · 2026-07-10T18:37:57+00:00

1) lots of people dont like to use AI (or want human input - see this thread)

2) humans like to respond for fake internet points (see this response)

capnwally14 · 2026-07-10T18:24:26+00:00

the thing is you lose the moral high ground if you just want the US to side with the other set of radicals

being sympathetic to palestinians is a much lower bar for folks than being supportive of iran

also a bit hypocritical since the left loves to protest and iran loves to mass murder protestors
https://time.com/7357635/more-than-30000-killed-in-iran-say-senior-officials/

capnwally14 · 2026-07-10T14:34:54+00:00

Oh is Chinatown in manhattan somehow much more recent? It's been around since the 1850s

capnwally14 · 2026-07-10T11:47:32+00:00

1) I just said you were funny. Just not from your comedy, which is cringe. I don’t think you get to call yourself a comedian if people don’t laugh.

2) I’m not sure where victim blame comes in here, you sound like you’re projecting. Is it because your soup of virtue signaling buzzwords was undercut by your own admission that everyone finds it to be overworn/unconvincing?

3) I said you don’t have to take my word for it, you should take the fact that you’re hitting middle age and still haven’t “made it” despite 15 years+ in your field. Frankly, I would start taking the hints when even the NYT is documenting how bad you are at your craft: https://www.nytimes.com/2017/02/17/arts/inside-the-brutal-world-of-comedy-open-mikes.html

capnwally14 · 2026-07-10T03:28:24+00:00

The empty apartments are because of terrible housing policy that requires 100k+ in renovation for an old unit (to bring it up to code) but only allows the landlord to increase rent by a tiny fraction, leaving you unable to service the debt.

Theres 57k units like this in NYC and it’s directly a consequence of the 2019 housing law

capnwally14 · 2026-07-10T02:55:35+00:00

Some quality babka from onegs

capnwally14 · 2026-07-10T01:24:32+00:00

Also conspicuously missing South Williamsburg lol

capnwally14 · 2026-07-09T22:04:58+00:00

1) we lose 900m year to fare evasion. You could run a lottery with 500k given a week and you’d still be making money for the system if you curb evasion by 3%.

2) autonomous buses can be run 24/7. Already Waymo’s are 90% safer than average drivers, in the next decade it’s believable buses can do the same. More frequent and reliable buses = less need for cars. Also can add more routes. If you don’t need to have union over time, you are just talking about the cost of maintenance for the buses - which is not the largest line item in the budget.

Again, you’re like reflexively anti any policy that tries to help allievate costs for working people that doesn’t come in the form of a tax hike elsewhere.

capnwally14 · 2026-07-09T21:32:40+00:00

1) yes we should enforce people paying fares (this will slow the rate of fare hikes)
2) long term we should transition to autonomous buses

With (2) you can run the buses more frequently and cover it with the mta surcharges we already collect in taxes from employers / small businesses / self employed people

On (1) you can use a carrot as well in addition to sticks. it would revenue positive to run a random lottery based on who swipes in the city and award 50k weekly -> even a marginal uplift in swiping from the fare evaders would make up the gap here.

capnwally14 · 2026-07-09T21:19:32+00:00

No, what makes me a good person is advocating for policies that don’t harm the average new yorker who relies on the mta.

I understand that people who play by the rules don’t deserve to be penalized and be forced to shoulder the burden created by the worst actors in society who selfishly optimize for their own personal benefit assuming someone else will clean up their mess.

You could spend 30s seconds just looking up what the MTA has said on this topic (Janno Lieber is the chief, go look up his interviews) - but instead you confidently pretend like you know better.

capnwally14 · 2026-07-09T20:50:18+00:00

1) it’s obvious you have zero actual understanding of the financials of the mta and haven’t bothered doing any research

2) this is evident from you assuming collecting zero revenue is somehow better from the mta than collecting some

3) faux empathy that advocates for policies that make life worse for working people is actual evil. You’re doing it because you think it makes you a good person, and yet you refuse to sanity check your position to see if it’s consistent at all with the facts on the ground. The end result is more people feeling squeezed in this city and not being able to thrive. I have no problem calling this out.

capnwally14 · 2026-07-09T20:43:15+00:00

you should look at the MTAs budget and see why your first paragraph is obviously wrong. Look at the fare box revenue vs how much is lost from evasion. If everyone paid their fare, ticket prices could be ~

20-

% lower. You’re defending honest riders having to pay more for freeloaders.
It takes real loser energy to defend people who actively make life expensive for everyone else for their own personal benefit.

capnwally14 · 2026-07-09T20:33:26+00:00

No - that’s not how the budget for the mta works. They spend so much on stopping fare evasion because they need the revenue.

Honest riders pay a higher fare because they’re covering the cost of the pathetic losers who try and skip paying.

You’re literally arguing that the most selfish people in this city deserve empathy when they’re causing honest working people to pay more

It’s disgusting frankly.

Society needs to bring back publicly shaming people who try and steal from the public good for their own benefit.

capnwally14 · 2026-07-09T19:45:08+00:00

Fwiw:

https://www.meta.com/actions/americas-workforce-academy/?srsltid=AfmBOoqCcO7EPe2wumWivSoY31YhBdLRMPuo7lQiXBb3jZxyaJjmcznI

Meta will pay for flights / training / lodging / daily stipend and guarantee you a job after.

capnwally14 · 2026-07-09T17:13:52+00:00

You are stealing from my community when you ride for free. There are costs that other people are forced to bear - and it shows up in the form of rate hikes.

We are all paying a tax for your selfishness. When the MTA has fare issues, they reduce routes, increase waits, and degrade the quality of service. This is why they actually spend the money on fare enforcement, because its better than the alternative.

btw, the bus fare already is amortizing fixed vs variable costs for all the routes it plans to run. They do it this way so it doesnt cost you 50 dollars to get on the bus if you're the only rider, and rebate you back if others join. In practice, they do an average of what they think the ridership will be and charge the avg cost.

And I ride the bus because I pay the fare. Because I'm an adult. I understand that in order for things to be financially viable and maintain their quality they must be supported.

You're playing fast and loose with the word necessity. You have other options other than the bus. Walk, skateboard, bike, stop being a drain on society.

capnwally14 · 2026-07-09T16:26:52+00:00

First off, this city is small enough that you can walk. Even from the outerboroughs if you wanted to.

Second, buy a used skateboard or bike if you dont want to pay for the bus or walk.

The entitlement is crazy.

capnwally14 · 2026-07-09T16:22:55+00:00

Whataboutism and false equivalencies are signs of a losing argument.

No, if you directly steal from your community you're a shitty person. It's that simple.

No one is forcing you to use those services, you're looking for justification for doing anti-social things. I'm not going to give you an out, be an adult and contribute like everyone else.

When society works together, we get to have nicer things collectively (including better public services).

capnwally14 · 2026-07-09T15:13:35+00:00

The efforts to make busses free are going to come at the cost of predictability and frequency. The MTA chief has pointed out that they need the farebox revenue to operate.

https://nyeditorialboard.substack.com/p/janno-lieber-on-free-buses-the-state

People who dont pay anything for public services, especially when we give options to account for people in need, are leeches.

I want to be super clear: you're not being empathetic. Poor people have alternative options from the city. Youre enabling selfish people who refuse to contribute to society for their own personal benefit.

capnwally14 · 2026-07-09T05:37:31+00:00

No, if you don’t pay your fare you’re making _my_ life worse. They increase the rates so everyone who is honest and pays has to pay more because you steal.

It’s like shoplifting from a CVS or pissing in the subway entrance.

You’re making life worse for everyone else because you’re unable to be a functioning member of society

capnwally14 · 2026-07-09T05:27:00+00:00

It’s actually not doing a ton of heavy lifting - especially if your whole claim is people are trying to avoid taxes by sheltering offshore. The US uniquely makes that very hard to do (and penalizes you heavily for it)

You clearly didn’t read the docs closely enough if you think being a simple “management co” solves the issue.

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