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://www.circa.com/story/2018/10/02/politics/kavanaugh-to-no-longer-teach-class-at-harvard-law-school?_amp=true&__twitter_impression=true

Wi-Fi internet access point has been installed at Pyongyang’s Potonggang Hotel, a September-dated photo obtained by NK News shows. The rare Wi-Fi system, first reported by AP journalist Eric Talmadge last month, broadcasts a hidden signal allowing approved users at the hotel to gain online access, a source who visited the hotel explained.

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://www.nknews.org/2018/10/wi-fi-installed-at-north-korean-hotel-pictures-confirm/

The two Koreas have agreed to hold a joint-run commemorative event to mark the 11th anniversary of the October 4 inter-Korean Declaration, the South Korean Ministry of Unification (MOU) announced on Tuesday.

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://www.nknews.org/2018/10/two-koreas-to-mark-october-4-declaration-anniversary-with-joint-event-in-pyongyang/

More growth means more revenue to the government, which means lower deficits in the future, right? Not according to the CBO. It actually now says the Trump tax cut, which was originally estimated to cost $1.5 trillion by the Joint Tax Committee, is this year suddenly inflated to about $1.9 trillion.

Here is how Politico explained the $400 billion rise in the deficits caused by the tax bill:

"CBO found the economy was stronger last year than previously estimated, and that puts a higher price tag on the tax cuts because more people would otherwise be paying higher rates this year. On top of that, CBO now believes top earners will get less of the income pie in the coming years, which means less revenue coming into the government."

This is the most convoluted logic in modern times. Thanks to the tax cut and other Trump policies, growth is $6 trillion higher. And yet because tax rates are lower, CBO says the feds will get less of that extra money in revenues.

CBO is genetically incapable of giving Trump the credit for the booming economy. In fact, he's penalized for it. Any sane person would say the deficit is going to be somewhere near $1 trillion smaller as the economy booms. Not $400 billion larger.

Even more remarkable is that CBO says the rich will get a smaller share of the economic pie over the next decade. Wait a minute. I thought the Democrats said this was a tax cut for millionaires and billionaires. Guess not.

Incidentally, this exact forecasting error happened in the Obama years — except in reverse. Because the growth rate was much lower under Obama than expected, the GDP was $2 trillion lower over Obama's two terms. It turns out the "stimulus" package failed to stimulate.

Trump's tax cut is only 9 months old so it is too early to say it is paying for itself. But already well over half the projected cost has evaporated because of higher growth. If we stay on this 3 to 4 percent path for another couple of years, the flood of added revenues will mean smaller deficits and much smaller debt levels relative to GDP.

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://www.newsmax.com/t/finance/article/884334?section=streettalk&keywords=trillion-dollar-blunder&year=2018&month=10&date=01&id=884334&aliaspath=%2FFinance%2FArticle%2FFinance-ArticleTemplate&oref=www.cuttingedge.org