[WardFive] Fwd: DC Budget 2026: DC Council Chair, Phil Mendelson Wants Budget Cuts, Not Revenue Solutions; It's a "Trump-like Attack on DC's Black & Brown Working-Class"

fyi (citywide impact)

---------- Forwarded message ---------
Date: Thu, Jul 3, 2025 at 12:36 PM
Subject: <Press Update> DC Budget 2026: DC Council Chair, Phil Mendelson Wants Budget Cuts, Not Revenue Solutions; It's a "Trump-like Attack on DC's Black & Brown Working-Class"
To: <press@dc4reality.com>, <press_it_now@dcfeedback.com>
Cc: <secretary@dc.gov>, Henderson, Christina (Council) <chenderson@dccouncil.gov>, <rwhite@dccouncil.gov>, <abonds@dccouncil.gov>, McDuffie, Kenyan (Council) <kmcduffie@dccouncil.gov>, <wfelder@dccouncil.gov>, <callen@dccouncil.gov>, Parker, Zachary (Council) <zparker@dccouncil.gov>, <jlewisgeorge@dccouncil.gov>, <mfrumin@dccouncil.gov>, <bpinto@dccouncil.gov>, Nadeau, Brianne K. (Council) <bnadeau@dccouncil.gov>, Mendelson, Phil (COUNCIL) <pmendelson@dccouncil.gov>

FOR IMMEDIATE RELEASE
July 2, 2025

DC Budget 2026: DC Council Chair, Phil Mendelson Wants Budget Cuts, Not Revenue Solutions; It's a "Trump-like Attack on DC's Black & Brown Working-Class" 

(In Memoriam David Schwartzman)

Washington, DC — July 2, 2025 — During a budget work session Wednesday, DC Council Chair Phil Mendelson pushed back against proposals by Councilmember colleagues who want to seek out new revenue to reverse the deep cuts found in Mayor Bowser's proposed FY 2026 budget, which many have called a "MAGA austerity budget."

See Part 1 and Part 2 of the July 2 Council budget workshop here:
https://dc.granicus.com/viewpublisher.php?view_id=2

The Council Chair, who in the past couple of weeks declared he will "cabin" or preserve  $1B dollars in the budget for a football stadium deal, urged colleagues to prioritize additional cuts to what he called "overspending," effectively shrinking an already limited budget pie and threatening critical services for DC's low-income, Black, and Brown residents.

The late Professor David Schwartzman, a longtime DC advocate for social and economic justice who passed away recently, testified at the June 18 public budget hearing, warning of the Mayor's "assault on low-income residents" testifying to the types of brutal cuts in the budget: 

Watch fity-year Ward 4 Residents and Howard Univ. Professor, David  Schwartzman's full June 18, 2025 testimony on the FY 2026 Budget: YouTube Video @ 4:07:04

"[The] repeal of the DC child tax credit, the ending of the baby bonds program, both of which would reduce racial income and wealth gaps... [C]uts in TANF ... ERAP, SNAP, ... no funding for housing vouchers for individuals experiencing homelessness... " and the list goes on, including massive curtailing of the locally funded longest running DC healthcare program, Alliance Healthcare, pushing 25,000 DC adults over the age of 26 off the program and into certain harm.

Councilmembers Charles Allen, Zachary Parker, Brianne Nadeau, Janeese Lewis George, and Matthew Frumin — without objection from their colleagues — raised the possibility of revenue measures to save vital programs and protect vulnerable residents. 

See their discussion on "Revenue-Raising" especially at 29 minutes into the Council video: Council Session Video.

With perseverance by Councilmembers pushin back against the Chair's resistance, Mendelson agreed to receive a list of "Revenue-Raising" ideas from his colleagues for further discussion before the first Council vote on the budget, currently scheduled for July 14, 2025. Details on the upcoming vote is available here: https://lims.dccouncil.gov/Hearings/hearings/846

###

For more information, contact:

Chris Otten
DC for Reasonable Development
(202) 810 2768

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Read More :- "[WardFive] Fwd: DC Budget 2026: DC Council Chair, Phil Mendelson Wants Budget Cuts, Not Revenue Solutions; It's a "Trump-like Attack on DC's Black & Brown Working-Class""

How to Turn $1,000 and 3 Hours a Week into Serious DeFi Yields (Without Gambling)

DeFi is an ocean of opportunities, but also a minefield of risks. If you're entering this space with only $1,000 and limited time, the worst thing you can do is gamble it all on speculative tokens. Instead, what you need is a deliberate, strategic approach that maximizes learning, minimizes exposure, and sets you up for long-term success.

This article outlines a practical DeFi plan tailored to those with small capital and tight schedules. You'll discover low-risk strategies, smart airdrop farming, effective liquidity provision, and how to earn passive income with minimal active management — all while building exposure to future opportunities.

Step 1: Start Slow — Your First Rule

If $1,000 is all you can allocate, then it's precious. Don't rush. The first priority is to learn how DeFi works using small amounts — think $10 or $20 — before committing real capital.

Key points:

• Spend time testing wallets, bridges, swaps, and networks.
• Track protocols that offer airdrop points for usage.
• Join community Discords, follow dev teams, and read whitepapers.

"Speed is irrelevant if you're going in the wrong direction."

Step 2: Explore the DeFi Toolbox

Here are the core strategies available in DeFi today:

Lending Platforms (Low Risk)

• Supply stablecoins and earn interest.
• Optional: Borrow against your collateral and re-deposit (looping).

Delta-Neutral Strategies (Medium Risk)

• Long and short the same asset across two platforms.
• Capture funding rate spreads while avoiding market exposure.

Semi-Delta Neutral (Medium-High Risk)

• Slight market exposure with added rewards potential.

Liquidity Pools (Variable Risk)

• Provide tokens to trading pools and earn fees.
• Use full-range LPs (passive) or concentrated LPs (active).

Strategy Spectrum by Risk/Time:

Step 3: Delta-Neutral Yield + Airdrop Farming

Earn APR now + a potential future airdrop — the holy grail of DeFi.

Open mirrored positions across two perpetual DEXes:

• SHORT on one DEX (e.g., Hyperliquid)
• LONG on another DEX (e.g., Lighter)

Example:

• Asset: SUI
• Hyperliquid: SHORT, earning 10.95% APR
• Lighter: LONG, earning -32% APR (you get paid)

Both positions should be set with:

• Matching amounts (e.g., $250 each)
• Matching Stop Loss and Take Profit (inverted)

Bonus:

You earn points on Lighter (confirmed airdrop) and potentially on Hyperliquid (based on past behavior).

Pro tip: Maintain positions open longer to maximize airdrop points. It's not just about volume.

Time commitment: ~10–15 minutes/day

Step 4: Add Liquidity to Blue Chip Pools with Airdrop Potential

Use concentrated liquidity (Uniswap V3-style) on promising DEXs:

• Example: Momentum DEX on SUI network
• Pool: SUI/USDC
• APR: Up to 100%
• Multiplier: x2 points for upcoming airdrop

Why this works:

• SUI is a top-15 token ("blue chip")
• Less volatility than meme coins
• Good APR + future airdrop potential

State Diagram — Risk & Reward

Step 5: Optional High-Risk High-Reward LP

Allocate the last $250 to a low-cap token LP on a growing L2 (e.g., Base):

• Project: Real utility (not meme)
• APR: Up to 1,000%
• Token: Small cap (~$5M market cap)

This is NOT for everyone.

Expect volatility, impermanent loss, and wild swings. But if chosen wisely, these LPs can deliver outsized short-term returns.

Suggested Portfolio Breakdown

Portfolio Stats:

• 75% of capital in stablecoin pairs
• 25% exposed to token volatility (blue chip + speculative)
• Balanced between current income and future potential

Tips for Success

• Use stop-loss and take-profit to avoid surprises.
• Track APR and adjust positions weekly.
• Don't just chase airdrops — chase value.
• Log everything: deposits, returns, and performance.

Where to Start

Here are some platforms and resources worth checking:

• Hyperliquid — Perpetual DEX, possible airdrop
• Lighter — Perpetual DEX with confirmed airdrop

Keep an eye on whitelisted beta invites, as access may be limited!

Final Thoughts

If you're new to DeFi with limited funds and time, you don't need to gamble to grow. The key lies in combining yield generation with airdrop hunting, all while keeping most of your capital in stable, manageable positions.

In under 3 hours per week, you can:

• Earn double-digit APRs on stablecoins
• Accumulate potential airdrops
• Learn how DeFi really works

Stay disciplined, track everything, and iterate. Remember: DeFi rewards the curious, the early, and the consistent.

What's Your Move?

Would you tweak the allocations? Know another DEX with strong airdrop potential? Drop your thoughts in the comments and let's build smarter together.

source: https://raglup.medium.com/how-to-turn-1-000-and-3-hours-a-week-into-serious-defi-yields-without-gambling-8502e814033f?source=rss-f56f44caad34------2

Read More :- "How to Turn $1,000 and 3 Hours a Week into Serious DeFi Yields (Without Gambling)"

How to Turn $1,000 and 3 Hours a Week into Serious DeFi Yields (Without Gambling)

DeFi is an ocean of opportunities, but also a minefield of risks. If you're entering this space with only $1,000 and limited time, the worst thing you can do is gamble it all on speculative tokens. Instead, what you need is a deliberate, strategic approach that maximizes learning, minimizes exposure, and sets you up for long-term success.

This article outlines a practical DeFi plan tailored to those with small capital and tight schedules. You'll discover low-risk strategies, smart airdrop farming, effective liquidity provision, and how to earn passive income with minimal active management — all while building exposure to future opportunities.

Step 1: Start Slow — Your First Rule

If $1,000 is all you can allocate, then it's precious. Don't rush. The first priority is to learn how DeFi works using small amounts — think $10 or $20 — before committing real capital.

Key points:

• Spend time testing wallets, bridges, swaps, and networks.
• Track protocols that offer airdrop points for usage.
• Join community Discords, follow dev teams, and read whitepapers.

"Speed is irrelevant if you're going in the wrong direction."

Step 2: Explore the DeFi Toolbox

Here are the core strategies available in DeFi today:

Lending Platforms (Low Risk)

• Supply stablecoins and earn interest.
• Optional: Borrow against your collateral and re-deposit (looping).

Delta-Neutral Strategies (Medium Risk)

• Long and short the same asset across two platforms.
• Capture funding rate spreads while avoiding market exposure.

Semi-Delta Neutral (Medium-High Risk)

• Slight market exposure with added rewards potential.

Liquidity Pools (Variable Risk)

• Provide tokens to trading pools and earn fees.
• Use full-range LPs (passive) or concentrated LPs (active).

Strategy Spectrum by Risk/Time:

Step 3: Delta-Neutral Yield + Airdrop Farming

Earn APR now + a potential future airdrop — the holy grail of DeFi.

Open mirrored positions across two perpetual DEXes:

• SHORT on one DEX (e.g., Hyperliquid)
• LONG on another DEX (e.g., Lighter)

Example:

• Asset: SUI
• Hyperliquid: SHORT, earning 10.95% APR
• Lighter: LONG, earning -32% APR (you get paid)

Both positions should be set with:

• Matching amounts (e.g., $250 each)
• Matching Stop Loss and Take Profit (inverted)

Bonus:

You earn points on Lighter (confirmed airdrop) and potentially on Hyperliquid (based on past behavior).

Pro tip: Maintain positions open longer to maximize airdrop points. It's not just about volume.

Time commitment: ~10–15 minutes/day

Step 4: Add Liquidity to Blue Chip Pools with Airdrop Potential

Use concentrated liquidity (Uniswap V3-style) on promising DEXs:

• Example: Momentum DEX on SUI network
• Pool: SUI/USDC
• APR: Up to 100%
• Multiplier: x2 points for upcoming airdrop

Why this works:

• SUI is a top-15 token ("blue chip")
• Less volatility than meme coins
• Good APR + future airdrop potential

State Diagram — Risk & Reward

Step 5: Optional High-Risk High-Reward LP

Allocate the last $250 to a low-cap token LP on a growing L2 (e.g., Base):

• Project: Real utility (not meme)
• APR: Up to 1,000%
• Token: Small cap (~$5M market cap)

This is NOT for everyone.

Expect volatility, impermanent loss, and wild swings. But if chosen wisely, these LPs can deliver outsized short-term returns.

Suggested Portfolio Breakdown

Portfolio Stats:

• 75% of capital in stablecoin pairs
• 25% exposed to token volatility (blue chip + speculative)
• Balanced between current income and future potential

Tips for Success

• Use stop-loss and take-profit to avoid surprises.
• Track APR and adjust positions weekly.
• Don't just chase airdrops — chase value.
• Log everything: deposits, returns, and performance.

Where to Start

Here are some platforms and resources worth checking:

• Hyperliquid — Perpetual DEX, possible airdrop
• Lighter — Perpetual DEX with confirmed airdrop

Keep an eye on whitelisted beta invites, as access may be limited!

Final Thoughts

If you're new to DeFi with limited funds and time, you don't need to gamble to grow. The key lies in combining yield generation with airdrop hunting, all while keeping most of your capital in stable, manageable positions.

In under 3 hours per week, you can:

• Earn double-digit APRs on stablecoins
• Accumulate potential airdrops
• Learn how DeFi really works

Stay disciplined, track everything, and iterate. Remember: DeFi rewards the curious, the early, and the consistent.

What's Your Move?

Would you tweak the allocations? Know another DEX with strong airdrop potential? Drop your thoughts in the comments and let's build smarter together.

source: https://raglup.medium.com/how-to-turn-1-000-and-3-hours-a-week-into-serious-defi-yields-without-gambling-8502e814033f?source=rss-f56f44caad34------2

Read More :- "How to Turn $1,000 and 3 Hours a Week into Serious DeFi Yields (Without Gambling)"

[WardFive] ** Please Take 2Min 2Call the City Council Today -- Fwd: Budget Testimony 2026: Appalling contradictions fitting for the GOP

Hi good DC peoples,

I'm asking friends to please take a couple of moments and push the City Council to fully fund our DC housing programs today. They are being threatened with brutal cuts this budget season by the Mayor. The Council can reverse these attacks!

Call script and info here:  https://actionnetwork.org/forms/tax-the-rich-house-the-district-call-council-member-robert-white

On this blazing hot day, we all realize how important shelter is for humans and our friends.

Instead of fully funding housing programs to ensure people stay sheltered, Mayor Bowser has moved right and brutally cut housing programs and is attacking policies like TOPA, ERAP, SNAP, and TANF. 

I'm asking friends to take a few minutes and call Robert White on the City Council who can ensure these programs are fully funded during his budget markups of the housing issues. He claims to be "progressive" -- I guess we will find out. Let's push him!  

Use the link below to make a call to his office and to account for your call with organizers so they can track how many people tried to get his ear.

Call script and info here:  https://actionnetwork.org/forms/tax-the-rich-house-the-district-call-council-member-robert-white

Thanks,

Chris O.

---------- Forwarded message ---------
From: Chris R. Otten <crotten2@gmail.com>
Date: Wed, Jun 18, 2025 at 11:07 PM
Subject: Budget Testimony 2026: Appalling contradictions fitting for the GOP
To: Evan Cash <ecash@dccouncil.us>, <pmendelson@dccouncil.gov>, <cow@dccouncil.gov>
Cc: Nadeau, Brianne K. (Council) <BNadeau@dccouncil.gov>, <bpinto@dccouncil.us>, <mfrumin@dccouncil.gov>, <jlewisgeorge@dccouncil.gov>, <Zparker@dccouncil.gov>, Allen, Charles (Council) <callen@dccouncil.gov>, <wfelder@dccouncil.gov>, <abonds@dccouncil.gov>, <chenderson@dccouncil.gov>, <rwhite@dccouncil.gov>, <kmcduffie@dccouncil.gov>

Testimony for the Record
Chris Otten – Ward 1 Resident, Community Organizer

My name is Chris Otten, a 25-year resident of Adams Morgan living in a limited equity coop. This budget exposes who bears the burden when revenue falls short: everyday people—working-class DC residents, vulnerable neighborhoods, and Black and brown communities.

To plug a budget gap, the Mayor proposes removing over 50,000 DC people, kids, moms, families, from DC Healthcare Alliance—an unconscionable act that could literally cost lives. Meanwhile, millionaires got richer during COVID—and some of them even showed up here at the Wilson building to say: "Tax us more." We should listen. Don't kill people. Tax the rich. A small percentage increase could go a long way to stop the brutality!

The appalling contradictions are throughout the Mayor's budget—look at the RFK deal. Bowser's budget hands acres upon acres acres of public land and $1 billion-plus subsidy to a billionaire NFL owner, so that we can lead in rushing yards, touchdowns and sacks while schools east of the river lead in illiteracy, and DC is in the tops of the nation in maternal mortality, HIV, asthma, and diabetes.

We don't need football at any price—we need healthcare, education, social housing and jobs.

Please remove all RFK-related details from this budget. Let's debate the stadium handout in the fall, not sneak it in now.

The Mayor also proposes gutting our values as a sanctuary city—cutting immigrant services while expanding funding for untrained police willing to collaborate with ICE. All this, while many of those residents being oppressed have committed no crimes at all and instead serve their community and society honorably and diligently.

This budget is not grounded in equity or care. It's corporate welfare for the rich—and austerity, displacement, and death for the rest of us.

Let's talk land. Developers have already devoured Union Market, The Wharf, Shaw, Anacostia—displacing tens of thousands of families and half the city's Black population, killing hundreds of small local businesses, and hollowing out and homogenizing DC culture like colonizers do. 

Now these land speculators are moving on to new cities, leaving DC's carcass behind—and blaming us for daring to fight back.

And Bowser's helping them, by pushing a wave of deregulation policy changes in all things, our budget act, like:

• Attacking TOPA, ERAP, SNAP . . . etc.

• Making it nearly impossible to appeal bad zoning decisions.

• Loosening eviction rules, hastening displacement.

• And trying to bury the Rental Act in the BSA, attempting to avoid further debate and quickly getting this attack through.

This is brutal. It makes you wonder: When did Muriel Bowser switch parties?
Because this budget reads like a GOP dream—corporate handouts, deregulation, and no regard for the people.

So I ask: Will this Council stand up for DC residents?

I ask you Councilmembers, act like we are the bluest city in the nation. Strip all non-budgetary policy riders from the Budget Support Act—like the Rental Act, the stadium deal, the sanctuary city stuff and any other harmful policy changes not germane to the budget. 

If the Mayor wants those changes, she can introduce them as standalone legislation—subject to open hearings and public debate.

And instead of cuts, let's raise revenue the right way:

• Use public land for municipally owned social housing—just like Montgomery County is doing—producing permanent affordability and long-term revenue.

• Tax millionaires and billionaires—a modest increase on the top brackets can prevent healthcare cuts and displacement.

• And tap the $700M Rainy Day Fund—because the orange skies say the storm is already here.

If DC is truly a progressive city, now is the time to act like it—not just with words, but with votes.

Unless, of course… that's too woke.

Thank you.

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Read More :- "[WardFive] ** Please Take 2Min 2Call the City Council Today -- Fwd: Budget Testimony 2026: Appalling contradictions fitting for the GOP"

[WardFive] Tomorrow: Friends of Woodridge Library Book Sale - Saturday 6/7/25

Friends of Woodridge Library

 

Book Sale - 10 AM -2 PM 6/7/25 - Books start at $.50 for Children's and $1 for Adults - plus CDs, DVDs, Graphic Novels and more!!

 

Woodridge Neighborhood Library – 1801 Hamlin St. NE (at Rhode Island Ave.)

 

 All proceeds benefit library programs - Friends of Woodridge Library is a nonprofit organization dedicated to helping support the library.

 

https://www.dclibraryfriends.org/woodridge

 

Read More :- "[WardFive] Tomorrow: Friends of Woodridge Library Book Sale - Saturday 6/7/25"

[WardFive] Fwd: [RFK Press / Public Update] Social Housing Stadium Tweak Could Provide Critical Revenue to Avoid Devastating DC Budget Cuts

[FORWARDING A GOOD READ]

---------- Forwarded message ---------
From: Social Housing for All! <socialhousing@savedcpublicland.org>
Date: Thu, Jun 5, 2025 at 9:10 AM
Subject: [RFK Press / Public Update] Social Housing Stadium Tweak Could Provide Critical Revenue to Avoid Devastating DC Budget Cuts
To: Socialhousing <socialhousing@savedcpublicland.org>

PRESS & PUBLIC UPDATE – SAVE DC PUBLIC LAND
socialhousing@savedcpublicland.org

--June 5, 2025--

Stadium Deal Tweak: Social Housing at RFK Could Provide Critical Revenue to Avoid Devastating DC Budget Cuts

WASHINGTON, DC — With the harsh realities of Mayor Bowser's proposed FY2026 DC Budget settling in, many are left wondering whether she quietly went down to DC BOEE and changed her party affiliation to Republican.

More than 50,000 lower-income DC residents risk losing healthcare. Childcare subsidies—vital to working families and the city's workforce—face major cuts. Equity-focused programs are being gutted. Across the board, residents face a wave of deep human needs reductions.

Yet buried in this painful budget is a glaring contradiction: massive corporate welfare.

One analysis estimates the Commanders stadium deal could cost DC taxpayers over $1.3 billion. Meanwhile, Bowser offers tax breaks to ultra-wealthy crypto-tech bros—all while working families are expected to bear the cost of these giveaways.

---

SOCIAL HOUSING AT RFK: A SMART, SUSTAINABLE, REVENUE-GENERATING ALTERNATIVE

As the DC Council launches quickly into budget hearings, Councilmembers have the opportunity to intervene and stop the Mayor's cuts and realign the city's values with its budget. A critical fix: incorporate a social housing component into the RFK Stadium site deal.

Instead of handing over acres of public land tax-free to billionaire Commanders owner Josh Harris, DC should retain and develop this land into mixed-income, municipally-owned housing. Known as social housing, this model provides not only deeply affordable homes but also long-term, revenue-generating assets for the city via rents and home sales.

Social housing is not a theoretical solution as evidenced by some on the Council looking to incorporate successful models from Europe. We also have a closer example: Montgomery County's growing portfolio of municipally-owned developments, including The Laureate near Shady Grove. These projects are delivering both housing access and steady income to the local government.

Integrating social housing at RFK could transform a lopsided stadium deal into an engine of equity and economic resilience—helping to cover infrastructure and debt costs without pushing the burden onto working families.

With budget deliberations ongoing, and the DC Council's Committee of the Whole meeting on June 18 to review the 2026 DC Budget in toto, now is prime time for smarter, more just use of public land and public dollars.

###

For more on social housing, visit:
https://savedcpublicland.org/the1617project/socialhousing/

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Read More :- "[WardFive] Fwd: [RFK Press / Public Update] Social Housing Stadium Tweak Could Provide Critical Revenue to Avoid Devastating DC Budget Cuts"

[WardFive] Join us at the Park for Fun, Free Activities

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Read More :- "[WardFive] Join us at the Park for Fun, Free Activities"