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US Investigating Iran War Critic Trita Parsi, Co-Founder Of Non-Interventionist Think Tank

US Investigating Iran War Critic Trita Parsi, Co-Founder Of Non-Interventionist Think Tank

Via Middle East Eye

The Trump administration has launched an investigation into prominent Iran war critic Trita Parsi, according to a report in the Free Press.

According to US officials and documents reviewed by the pro-Trump outlet, officials are looking into the possibility of deporting Parsi, who holds both Iranian and Swedish citizenship.

via the Quincy Institute

Parsi, who is co-founder and executive vice president of the Quincy Institute for Responsible Statecraft and co-founded the National Iranian-American Council (NIAC), has been a vocal opponent of the ongoing US attacks on Iran.

A Trump official told the Free Press that US Secretary of State Marco Rubio had been “very clear” in his intentions to tackle “people who support adversaries of ours and whose work furthers their agenda and undermines our security.

“Anyone who seeks to undermine the US, we’re taking a hard look at,” the official said.

Since the beginning of the US-Israeli attack on Iran in February, the Trump administration has increasingly targeted figures of Iranian descent in the US.

In April, Hamideh Soleimani Afshar and her daughter Sarina were detained and had their residency permits rescinded after they were – incorrectly – identified as relatives of former Iranian military commander Qassem Soleimani by far-right influencer Laura Loomer.

Despite denying their links to Soleimani, the pair remain in custody in Texas.

The US also detained and revoked the green cards of relatives of former Iranian minister Masoumeh Ebtekar in April.

Parsi is a critic of the Islamic Republic whose family fled to Sweden to escape persecution in Iran. He has faced attacks from Iranian monarchists and pro-Trump figures over his opposition to the conflict.

He has also been highly critical of US backing for what many call Israel’s genocide in Gaza and its attacks on Lebanon.

Speaking to Middle East Eye in May, Parsi warned that the US’s ability to secure a deal with Iran would ultimately come down to its ability to restrain Israeli attacks in the region.

“If Trump either cannot or will not do so, then the value of any agreement with Washington comes sharply into question,” he said.

“A ceasefire that leaves Israel free to reignite hostilities at will – while the United States remains unable to prevent itself from being dragged back into conflict – offers little assurance of stability. Under such circumstances, the utility of a deal with Washington diminishes dramatically.”

MEE contacted the US State Department and the Department of Homeland Security for comment, but had received no response from either at time of publication.

Tyler Durden
Thu, 06/11/2026 – 22:35

JPM Call With Axon Reveals Race To Fortify U.S. Data Centers Against Kamikaze Drone Swarms

JPM Call With Axon Reveals Race To Fortify U.S. Data Centers Against Kamikaze Drone Swarms

Axon Enterprise is moving beyond its legacy police body-camera and TASER products and rapidly expanding into drones, robotics, and counter-drone systems, positioning itself as a top supplier in the public safety sector, according to JPMorgan analysts.

In a note on Wednesday, JPM analysts led by Joseph Cardoso said recent FAA rule changes regarding beyond-visual-line-of-sight drone operations have removed a key barrier to scaling drones for first-responder programs, while expanding demand for counter-drone threat technology across law enforcement, critical infrastructure, and large public venues.

Cardoso and his team hosted Axon’s Jeff Kunins, Chief Product Officer and Chief Technology Officer, on a call earlier this week and focused on the evolving U.S. drone market, industry trends, and Axon’s positioning:

1. Regulation finally catches up, driving inflection point for DFR and CUAS. The past year represents an inflection for drone-as-first-responder (DFR) and counter-drone (C-UAS), anchored by regulatory changes, including: 1) FAA/TSA rule changes in Aug-25 related to Beyond Visual Line of Sight (BVLOS), which removed the requirement for human observers, a prerequisite that had been a barrier to scaling, since prior rules mandated a oneto-one human observer per drone, undermining the core value proposition of faster and cheaper response times relative to human responders; and 2) the Safer Skies Act, passed in Dec-25, extending drone mitigation authority to select state & local agencies, an important milestone with standalone detection only functional in nuanced situations. While still early, changes have been characterized as seminal rather than incremental, reflecting regulation catching up to the technology, with the SFPD, for example, already conducting DFR missions in dense urban corridors and overall deployments expanding rapidly

2. Counter-drone mitigation boasts an expansive toolkit, albeit with no “winner” to date. The mitigation technology landscape was characterized as a land rush, with heavy investment underway and no settled winners to date. For example, a wide range of tools is available in the market today, including RF jamming, cyber takeover, directed energy lasers, interceptor drones, and kinetics (both destructive and non-destructive), none of which have demonstrated a high success rate across both mitigation effectiveness and cost, particularly against the backdrop of what can be safely deployed in crowded civilian environments. As a result, the market is expected to undergo a rapid iterate-and-fail evolution over an extended period, making it a critical decision for companies to determine where to focus.

3. Highlights tale of two stacks with integrated DFR and open counterdrone. Relative to DFR, the importance of a vertically integrated stack was emphasized, particularly given the need for the operating experience to be tightly coupled with the drone itself, which drove Axon’s decision to closely align and partner with Skydio. By contrast, counter-drone will likely remain an open ecosystem for some time, given the unknowns around which cocktail of sensors and effectors will deliver the best results related to producing superior detection and mitigation outcomes from any arbitrary hardware mix.

4. Made in America expected to be a durable tailwind. The durability of American-made policy tailwinds was underscored, as Axon highlighted: 1) companies like Skydio have surpassed Asia-based alternatives on price-performance and product-market fit for law enforcement use cases; and 2) restrictions on foreign drone and camera suppliers due to data-security concerns, have broad bipartisan support

5. Beyond blue lights, drone opportunity expected to be sizeable across enterprise use cases. The enterprise opportunity for drones was characterized as large, immediate, and growing fast off a small base. Use cases highlighted include perimeter security for data centers, logistics networks, and corporate campuses, as well as operational applications such as automated indoor inventory checks, with Axon noting hourly drone patrols at its HQ and inventory checks at its warehouses. On the counter-drone side, demand is already concrete in corrections (contraband drops) and increasing for critical infrastructure, with recent Middle East drone attacks on data centers cited as a motivator for U.S. operators to seek prophylactic capabilities. Importantly, security adoption is expected to come first, followed by operational use cases that broaden the TAM over time.

6. Axon is participating across multiple drone opportunity fronts. Axon is participating across three areas related to drones: 1) outdoor DFR, with Skydio integrated into Fusus real-time crime center (RTCC), Axon Evidence, and the rest of the portfolio, such as body cameras (request button) and 911 solutions; 2) indoor tactical drones for SWAT-type use cases; and 3) counter-drone via Dedrone, which combines first-party hardware (RF sensors, RF mitigation) and software with third-party hardware (additional sensors and effectors), an area where Axon noted its leadership across state & local as well as FedCiv markets, including deployment in every NFL stadium.

Recall that we have been tracking Axon’s drone deals with Ukrainian companies and observing how the company is positioning itself as a key importer of battlefield-tested drone and counter-drone technology.

In late January, we noted that the global data center buildout, power grid modernization wave, and broader AI infrastructure boom were missing a critical layer of low-altitude air defense against small drones. One month later, multiple data centers in the Gulf region were hit by Iranian one-way attack drones, underscoring how quickly that threat moved from scenario to reality (read here).

Our view is that the U.S. has major air-defense gaps across data centers, power assets, logistics hubs, and other critical infrastructure. Those vulnerabilities could be exploited by bad actors, creating massive demand for counter-UAS systems to fill gaps in air defense.

Tyler Durden
Thu, 06/11/2026 – 22:10

Florida Supreme Court Allows New GOP Congressional Map To Remain In Place

Florida Supreme Court Allows New GOP Congressional Map To Remain In Place

Via American Greatness,

The Florida Supreme Court on Wednesday declined to block a new congressional map approved by Republican lawmakers earlier this year.

The map allows the districts to remain in place as the state prepares for upcoming elections.

The decision marks a victory for Gov. Ron DeSantis and Republican leaders who advanced the mid-decade redistricting effort following a US Supreme Court ruling involving Louisiana’s congressional map.

DeSantis signed the revised map into law in May after the nation’s highest court ruled that Louisiana’s congressional plan, which included an additional majority-Black district, violated Section 2 of the Voting Rights Act.

The new Florida map could strengthen Republicans’ position in the state’s congressional delegation.

Republicans currently hold a 20-8 advantage in Florida’s US House seats, and the revised districts could potentially expand that margin to as much as 24-4.

The legal challenge was brought by several Democratic groups that sued the state shortly after the map was enacted.

A Florida judge previously rejected efforts to stop the map from taking effect.

On Wednesday, the Florida Supreme Court upheld that decision in a 6-1 ruling, according to The Hill, refusing a request for a temporary injunction against the new districts.

The ruling means the map will remain in place while other legal challenges continue.

Opponents of the map wanted the court to require Florida election officials to continue using the congressional districts from the previous election cycle during the state’s August primaries.

The court  declined that request.

Tyler Durden
Thu, 06/11/2026 – 21:45

Fed Up With Food Delivery App Fees & Tips? Barclays Has Terrific News

Fed Up With Food Delivery App Fees & Tips? Barclays Has Terrific News

Whether consumers are ordering from Uber Eats or DoorDash, delivery costs before tips now average roughly $8 to $10 per order. Add in the tip, and the basic meal for one at Chipotle, such as a burrito bowl, moves into unaffordable territory for many working-class folks. The result is that food delivery, once pitched as a mass-market convenience, is increasingly looking like a discretionary luxury.

Barclays internet equity analyst Ross Sandler penned a note on Wednesday titled “Autonomous Food Delivery Likely Hits Critical Mass By 2030,” covering how automation in last-mile delivery could push delivery costs down to as little as $1 per order.

“The promise of autonomous food delivery is still a few years out, but showing very positive signals in markets that have been quick to embrace it. AVs should reduce the cost of delivery for both marketplaces (currently $8-$10 per order) and for consumers (tipping, $5 per order) down to as low as $1 per order,” Sandler wrote in the note.

He continued, “As witnessed already in select APAC geos with low delivery costs, when this kind of improvement happens to the cost curve, consumer adoption should go through the roof. China’s online food delivery penetration is 40% of orders in tier one cities, well ahead of the US, with cost being the biggest delta.

“UBER and DASH have a number of strategies in place in both SDR (sidewalk delivery robotics) and drones, but claim that these efforts are not likely to hit a material percentage of orders until 2030 and beyond.”

The analyst sees “sidewalk delivery robots as the nearer-term opportunity. Current costs are around $5 to $7 per drop, but could fall toward $1 over time as utilization improves. Drones offer faster delivery and a larger “wow” factor, but regulatory hurdles, battery limitations and airspace approvals make the path more complicated.”

Automated last-mile food delivery will certaintly improve the economics, and the added benefit is no tip.

Once delivery costs plummet, likely by the end of the decade, improved affordability should drive more people to order restaurant meals at home.

All of this is welcome news from Sandler’s team at Barclays, but delivery costs are unlikely to decline meaningfully until automation is added to the last-mile process. Even then, the path to $1 delivery fees with no tip won’t be frictionless. Local politicians and regulators could slow the adoption of automation with policies because voters will revolt over job displacement. Still, the benefit is obvious: cheaper delivery and no tip required, something almost everyone can agree on.

Guy breaks down how ridiculous food delivery app fees have gotten… 

Kevin O’Leary says Gen Z is financially cooked… 

Professional subscribers can read more about automation and AI at our new Marketdesk.ai portal. 

Tyler Durden
Thu, 06/11/2026 – 21:20

Middle Schoolers’ Reading & Math Scores Remain Below Pre-Pandemic Levels, US Results Show

Middle Schoolers’ Reading & Math Scores Remain Below Pre-Pandemic Levels, US Results Show

Authored by Aaron Gifford via The Epoch Times,

Although math and reading scores for 9-year-old students across the country have improved slightly over the past three years, their 13-year-old peers have seen no gains in the same subject areas, according to U.S. Department of Education data released on June 10.

Still, scores for both age groups remain below the levels before the COVID-19 pandemic in both subject areas.

That’s according to the latest release of the Nation’s Report Card, which provides new data for the two age groups dating back at least three years.

For the 9-year-olds, average scores last year were 4 points higher in both reading (218 out of 500) and math (238 out of 500) than those in 2022.

For the 13-year-olds, average reading scores have remained at 256 since 2023, while math scores decreased by 1 point from 2023 to 270 last year.

The data, summarized by the federal agency’s National Assessment of Educational Progress office, are based on standardized assessment scores across all states for both public and private school students.

For the latest report, the office examined scores of more than 7,000 9-year-olds and more than 8,000 13-year-olds across more than 400 schools.

Stagnant or declining scores on the Nation’s Report Card across all grade levels in recent years have been a topic of debate among federal leaders. President Donald Trump and Education Secretary Linda McMahon advocate eliminating the Department of Education, promoting universal school choice, and incentivizing states and local school districts to make improvements based on local priorities for public education. They’ve enjoyed support from Republican members of Congress.

Democrats have called for preserving the federal agency and providing more state and federal funding for public schools. During committee hearings in the past year, members also opposed private school voucher initiatives and criticized charter schools for taking funding away from public schools based on the per-pupil aid formulas.

The Department of Education has not yet released comments on the latest report.

The latest Nation’s Report Card data coincide with a new report from the National Council on Teacher Quality, a nonprofit organization made up of industry experts who review the effectiveness of teacher training programs. Its latest research indicates that about half of the nation’s colleges and universities with education programs of study aren’t providing effective reading instruction based on the most recent proven bodies of research.

Reading outcomes, the report said, won’t improve without better teacher preparation.

Child literacy advocates and leaders in both K–12 and higher education across the nation urge policymakers and university administrators to consider the council’s recommendations to reverse this negative trend.

“When a new teacher walks into a classroom without a solid grounding in the science of reading, we’ve already put that teacher—and every child in front of them—at a disadvantage,” Anne Wicks, a program director at the George W. Bush Institute policy center, said in a statement.

“This is fixable, and it’s time to act.”

Tyler Durden
Thu, 06/11/2026 – 20:55

“It Was Like Two Bucks”: Homeless Residents Say They Were Paid To Vote In Los Angeles Mayoral Race

“It Was Like Two Bucks”: Homeless Residents Say They Were Paid To Vote In Los Angeles Mayoral Race

Shocking videos posted on social media show multiple homeless Skid Row residents claiming they accepted cash payments ranging from $2 to $5 in exchange for voting for Los Angeles Mayor Karen Bass and city councilwoman Nithya Raman in last week’s mayoral election.

Spencer Pratt was eliminated from the mayoral race on Monday, after Raman secured the number two spot in what many believe was a mathematically improbable surge in votes from post-Election Day mail-in ballots.

Skid Row is home to almost 4,000 people and has the highest concentration of homelessness in Los Angeles County. (Gina Ferazzi / Los Angeles Times)

A man who identified himself as Kevin Shepherd says he cast a mail-in ballot for Bass after being offered $2 and negotiating the payment up to $4. He says he completed the ballot and deposited it into a ballot box. When asked whether payments extended to Raman as well, Shepherd confirmed they did. He also told investigators that outreach workers showed up in the area “three to five times a week” in the weeks leading up to the election, with multiple organizations cycling through.

Rene Johnson, 39, told a similar story. She says she received $5 after being directed to vote for Bass and describes groups regularly moving through Skid Row asking residents to sign paperwork.

“But, you know, at the time, I didn’t know that that was going on,” Johnson said. “I was just trying to make five bucks, you know? But I didn’t do the fraud.” Asked directly whether she believed the arrangement amounted to fraud, Johnson did not hesitate. She called it “fraudulent behavior” and said she believed people were being taken advantage of.

A third, unidentified woman who says she lives on the street described a recurring pattern of politically motivated visits. “It was like two bucks,” she said of her payment, adding that “yeah, they come out here all the time.” A fourth resident, Mark Sanchez, says canvassers paid him on multiple occasions to sign materials tied to local officeholders. “To sign a petition for the mayor or different things in office, and they paid me $4 or $5 in different accounts,” Sanchez said. “It happened more than four or five times.”

The content creator who filmed the videos says a friend who works nearby tipped him off after witnessing political volunteers operating in the area during the run-up to Election Day. He spent roughly two hours talking to residents. “Everybody said it was normal,” he said, describing what he heard on the street about the paid ballot activities.

Don Garza, a disabled military veteran who has lived on Skid Row since 1999, offers perhaps the sharpest indictment of what has allegedly gone on there. He says voter registration drives run by nonprofit organizations have been a fixture of life in the area for years. “We are tired of it. We don’t want people coming in and deciding elections and taking advantage of us,” Garza said. “Every one of them thinks they have claim to our voice. They think they speak for us.”

The California Post previously reported that thousands of homeless voters were registered at Los Angeles shelters despite many not actually residing at those facilities. A Venice shelter with 185 registered Raman voters received $600,000 in taxpayer money with ties to Raman’s office. The pattern suggests something more systematic than a few isolated transactions.

Ballot harvesting, which involves collecting completed mail ballots and delivering them on voters’ behalf, remains legal in California, but the Los Angeles chapter of the Democratic Socialists of America has published a how-to guide that illustrates how close that line can be pushed.

The California Post could not independently verify the residents’ accounts on camera. However, it is hard to dismiss the consistency of the testimony across multiple unconnected individuals.

However, paying people to vote is clearly illegal. California Elections Code Section 18521 prohibits any person from receiving money, gifts, loans, or other consideration in exchange for voting or refraining from voting for any particular candidate. Section 18522 makes the flip side equally illegal, barring anyone from offering or providing such inducements. Violations carry criminal penalties.

U.S. Attorney Bill Essayli says his office will investigate the concerns the Post has uncovered and will “follow the evidence” to determine whether the law was broken.

Tyler Durden
Thu, 06/11/2026 – 20:30

Trump Nominates US Attorney Jay Clayton As Director Of National Intelligence

Trump Nominates US Attorney Jay Clayton As Director Of National Intelligence

Authored by Jack Phillips via The Epoch Times,

President Donald Trump on Thursday said he is nominating Jay Clayton, the U.S. Attorney for the Southern District of New York, to be his director of national intelligence.

The move comes weeks after former intelligence chief Tulsi Gabbard said she is stepping down from the role.

Trump, in announcing the decision on Truth Social, wrote that “few people anywhere” in the legal community have as much respect as Clayton, the former head of the Securities and Exchange Commission (SEC), whom the president also described as “highly respected.”

“I encourage the United States Senate to confirm Jay as soon as possible,” he wrote in the post.

Last month, Gabbard announced she was stepping down as the head of the Office of the Director of National Intelligence (ODNI) because her husband was diagnosed with a rare form of cancer.

Federal Housing Finance Agency Director Bill Pulte was named by Trump to serve as acting director in a move that drew pushback from Democratic and some Republican lawmakers.

Pulte will serve as the acting U.S. intelligence chief and would take over from Gabbard later in June, Trump said on Tuesday.

Last week, the president told the Wall Street Journal that he would encourage Pulte to downsize parts of the intelligence office, which oversees 18 federal agencies and units.

“I’d like to see it smaller. I think there are a lot of people in there that shouldn’t be there,” Trump said on June 5, adding that Pulte has broader latitude to make significant changes due to his being the acting head of the ODNI.

“You’re less shackled,” he said. “It sort of gives you more power, you know, for a somewhat limited period of time.”

Going further, Trump suggested that the ODNI could even be “terminated” in its entirety, noting that a similar downsizing process was undertaken at the Department of Education.

“We’ve made the Department of Education much smaller, and likewise, this should be much smaller,” he added.

Trump praised Pulte as a “very smart guy” while speaking to reporters last week and added that he “may find out some things about the rigged elections.”

The decision to name Pulte as acting director, however, prompted Democratic opposition to renew Section 702 of the Foreign Intelligence Surveillance Act (FISA) in a vote earlier this week.

“Just voted NO again on a clean FISA reauthorization. We shouldn’t allow the government to conduct warrantless surveillance of Americans—especially with Bill Pulte in charge,” Rep. Sara Jacobs (D-Calif.) wrote in a post on X as the House failed to extend the provision.

Some Republican senators, meanwhile, indicated they would not have voted to appoint Pulte if Trump nominated him.

“The Senate doesn’t have any role to play in terms of confirming acting officials, but I see no evidence of any qualifications for that job,” Sen. John Cornyn (R-Texas) told The Hill about Pulte.

Clayton had served as head of the SEC from May 2017 until December 2020.  He also served as the head of the prominent law firm Sullivan & Cromwell, one of the largest in the world.

Tyler Durden
Thu, 06/11/2026 – 18:25

One Forgotten Housing Supply-Side Lever Could Unfreeze Affordability

One Forgotten Housing Supply-Side Lever Could Unfreeze Affordability

Rental affordability remains far superior to mortgage affordability, with the U.S. 30-year fixed mortgage rate trending around 6.5% in early June. With home prices still at record highs, last week’s housing report showing sellers pulling listings at a near-record pace as buyers balk at prices is yet another warning sign that the frozen housing market remains well intact.

The Trump administration’s affordable housing strategy focuses on market deregulation, expanded homeownership, stricter citizenship requirements for federal housing assistance, and Fannie Mae and Freddie Mac purchasing $200 billion of their own mortgage-backed securities to artificially lower mortgage rates and increase home affordability.

Even with all that, the housing market remains locked in a deep freeze into early summer, as the math for prospective homebuyers just does not add up, largely due to a housing shortage.

JPMorgan analysts recently said that the current housing shortage of around 2.8 million homes could take about 10 years to resolve. That is simply not enough time for the Trump administration to make good on its promise to unfreeze the market, as younger generations are forced into rentals.

But there is good news: Goldman analysts led by Arun Manohar outlined that manufactured housing remains one of the most underused affordability tools, as the estimated housing shortage is well north of 3 million and as high as 4 million homes.

Manohar pointed out that shipments of manufactured homes averaged about 265,000 units annually before 2000, but plunged to around 80,000 per year since 2010 after the 1990s boom ended in delinquencies, tighter lending standards, and more zoning restrictions.

“One approach for increasing the supply of homes at more affordable price points is to promote access to manufactured housing,” Manohar wrote in the report last week.

Manufactured homes now account for about 6% of owner-occupied U.S. housing, down slightly from roughly 7% in 2010. There are about 8.4 million manufactured housing units nationwide, mostly concentrated in the South and Southeast.

Mostly situated in rural areas.

… and typically have less square footage than a traditional single-family home.

Manohar continued that these manufactured housing units are “residences that are prefabricated in a factory setting and then transported to their final location for installation,” adding, “This method not only streamlines the construction process but also offers significant cost savings compared to traditional site-built homes, making manufactured housing a promising solution for those seeking affordable housing options.”

Manufactured homes are cheaper and faster to build than stick-built homes.

These tiny homes could be a meaningful supply-side lever to improve housing affordability, especially for lower-income and first-time buyers, as the frozen housing market is expected to take years to normalize.

How To Profit

Professional subscribers can read the full note here at our new Marketdesk.ai portal.

Tyler Durden
Thu, 06/11/2026 – 18:00

Polls Turn Against Netanyahu As Trump Says PM ‘May Quit Politics’

Polls Turn Against Netanyahu As Trump Says PM ‘May Quit Politics’

Via The Cradle

A poll published by an Israeli research center on Tuesday has revealed that most Israelis do not want Prime Minister Benjamin Netanyahu to run in the upcoming election. 

The poll was released by the Viterbi Center for Public Opinion and Policy Research at the Israel Democracy Institute, based in occupied Jerusalem.

It was conducted between May 31 and June 5. According to the results, 61 percent of Israelis believe Netanyahu should not run in the elections. Thirty-five percent were in favor of the premier running. 

The number of Israeli Jews who are opposed to his running stood at 57 percent, while 39.5 percent of Jewish Israelis believe he should run. 

Among the Palestinians with Israeli citizenship living in the territories ethnically cleansed during the 1948 Nakba, 83 percent are against Netanyahu running in the election, according to the poll. 

Eleven percent of Palestinians with Israeli citizenship support his candidacy, the poll added. A recent poll revealed a significant deterioration in the global reputation of Netanyahu and Israel.

The survey was published amid growing uncertainty over Netanyahu’s political future following comments by US President Donald Trump, who claimed the premier may want to step back from politics.

Trump told ABC News on Tuesday that he was unsure “if Bibi even wants to continue.”

“I don’t know, he’s had an amazing career. Does he want to continue? Because, you know, he’s a wartime prime minister. We will very shortly win the war one way or the other, and you know he’s a wartime prime minister,” Trump added.

Likud has since responded, saying that Netanyahu will run in the upcoming election. Netanyahu is mired in a years-long criminal trial over corruption and other scandals. The trial has seen near-constant delays.

The prime minister has also failed to resolve the Haredi draft crisis plaguing Israel, with ultra-Orthodox Jews (Haredim) still avoiding conscription and opposition parties criticizing the ruling coalition for placing secular reservists at the forefront of the conflict.  

Israeli army leadership has warned of a collapse in the reserve forces, and troops are taking heavy losses in battles against Hezbollah in south Lebanon.

Since Netanyahu’s government came to power in late 2022, illegal West Bank settlements and annexation plans have expanded dramatically, and a genocide in Gaza has taken place. 

Tel Aviv has also continued to wage brutal wars on multiple fronts, including Lebanon and Iran. 

The draft crisis and other long-standing issues between Netanyahu and the opposition have prompted former premiers Naftali Bennet and Yair Lapid to merge parties in a bid to challenge the prime minister politically. 

Tyler Durden
Thu, 06/11/2026 – 17:40

Crisis Comes Closer: Social Security’s Projected Insolvency Moved A Year Earlier

Crisis Comes Closer: Social Security’s Projected Insolvency Moved A Year Earlier

Continuing a trend of increasingly dismal projections, Social Security’s trustees have revised their prediction of when the massive benefit program’s trust fund will run out of money, moving it to the fourth quarter of 2032, sooner than last year’s projection that the money will run out in 2033. They attributed most of the the change to declining fertility rates and immigration, along with tax reductions included in Trump’s 2025 One Big Beautiful Bill Act (OBBBA). 

When the trust fund runs out, money will still be coming into the program via ongoing taxes from workers and self-employed individuals. However, without the ability to tap the trust fund, the program won’t be able to keep paying out full benefits. Under the law governing the program, insufficient assets means payouts must be cut for all beneficiaries by a uniform percentage. In their report posted on Tuesday, the trustees projected that benefits will have to be slashed by 22% in 2032.

That scenario assumes Congress and the president fail to intervene by then. Given older Americans’ high propensity to vote — which will only be magnified with their retirement income under threat — it’s a safe bet that something’s going to change to fend off an across-the-board slashing of benefits.

Potential tweaks include raising the eligibility-age for receiving Social Security income, increasing payroll taxes that fund the program, and “means-testing” that would cut benefits for better-off Americans. The federal government would like you to believe that Social Security isn’t currently means-tested, but it truly is in a back-door way: the higher your income, the more your Social Security benefit is taxed. Taxation of Social Security income is just a roundabout  way of slashing benefits — by giving you your “full” benefit but then confiscating a portion. Congress could also choose to throw out the (increasingly fictional) framework that positions Social Security as a self-funding pension program — by opting to fund benefits with general revenue and borrowing. 

Composition of Federal Spending, 1962-2025. Source: “Spending, Taxes and Deficits: A Book Of Charts,” 2026 Brookings

Though Congress has long kicked the can down the road, we’ll soon have a group of legislators trapped by the timing of their particular tenure in office, and compelled to take action for the first time since a 1983 deal brokered by President Ronald Reagan and House Speaker Tip O’Neill.  “Senators elected this fall will be in office when the SocSec trust fund hits insolvency. So it *should* be a major campaign issue. But few voters care,” observed the Brookings Institution’s Jessica Riedl on X. “They have their silly narratives (‘stop stealing the trust fund,’) & fake solutions (‘remove the cap’). But, y’all were warned.”

“Remove the cap” refers to the fact that the Social Security portion of the payroll tax is only applied to incomes up to $184,500 in 2026. Demagoguing leftist politicians regularly tout removing the payroll-tax cap as a simple solution, but as with the government’s broader fiscal woes, the problem is so large that sticking it to more prosperous Americans doesn’t get you very far. 

The trustees pointed to multiple factors driving their revised projection on when the trust fund will run out. In addition to dropping fertility rates — which continues to worsen the ratio of people taking benefits to to people paying into the program — they also said reduced immigration is lowering program revenue. They also noted that revenue has been decreased by Trump’s OBBBA-enabled $4,000 tax deduction that primarily benefits moderate-income recipients of Social Security benefits. Riedl and the American Enterprise Institute’s Andrew Biggs also highlighted a much lesser-known dynamic that’s pushing Social Security toward insolvency: 

Though Social Security’s crisis is getting closer and closer, most federal politicians will continue to steer clear of the issue until 2032, and the few who dare to address it before then will be promptly accused of “attacking” the program. 

Tyler Durden
Thu, 06/11/2026 – 17:20