Does anyone know?

we are very concerned about fraud, waste and abuse in government spending. to determine why the repubs spend like drunken sailors, always with a proviso of "no audits," ex: the kushner run covid relief package - $2T tha t is unaccounted for. or the 2009 tarp; $600B.

volker, a carter appointee, gets a lot of credit for the "recovery" of the 1980s. most of the credit should go to the massive defense spending.

"recommissioning battleships adds nothing to our national defense, but it is good for recruiting."

 

It would depend on the market demand but I have seen one article suggesting that it would send mortgage rates over 8% https://www.msn.com/en-us/money/rea...nd-mortgage-rates-soaring-above-8/ar-AA1bAPUf

 

If I knew such things I would be rich.
De

 

Is that you Adam Schiff?

 

What the hell do you think he's doing?

 

Vacationing in Rehoboth Beach, as usual, while the "crisis" deepens.

 

Congressional salaries are first thing they don’t pay, right? Purely rhetorical sarcasm.

 

Gosh, I hope the Repub negotiators know more than you.

 

Are you parroting Faux or did you make that up yourself?

 

I am responding to what heard on the news. If this is that big of a crisis, Biden would stay in Washington to fix it. But since he’s useless, he as well be in Rehoboth.

If the weather is decent, which it often isn’t often over Memorial Day weekend, he may as well be there. I know because I grew up in the area.

 

and just because there was and still is no actual agreement , it doesn't make it fake news

Oh wait, yes it does...

 

Hah! You actually believe that the former Editor of the Harvard Law Review needs anybody to write their speeches for them?

This period will go down as the most ridiculous for the right in history. Our descendants will laugh at the arguments the Trump faithful can come up with to defend the twice impeached disgraced sexual abuser that they made "President*"

 

What did I get wrong?

 

There will be sufficient money coming in to pay social security for a few more months they'll just have to quit shifting it about to cover things like studying the navel lint in wombats and such. You could get rid of the department of miseducation tomorrow and the only people would notice were the bureaucrats who'd have to find a real job and discover that a doctorate in education doesn't really qualify you for any thing in the private sector beyond barista and given the attitudes those who have been seen in public appear to have they probably wouldn't get hired for that.

 

Bills are not now prioritized. No cash on hand when social Security due no checks printed. Unless they change the rules and you know congress will pay themselves before anyone else.

 

Democrats have been saying for months now that the only bill they will vote for is a bill they can't pass in the Senate and were afraid to even call a vote on. They've effectively been saying that defaulting is their only option. It has been Republicans who have been leading on this issue, siding with the majority of Americans, trying to get the debt ceiling raised in a bipartisan fashion. Democrats have been saying the only option is a debt ceiling increase that their own party won't go on the record supporting. It's taken the looming crisis for them to get their act together. They were hoping they could sway public opinion, but they failed.

 

Not raising the debt ceiling doesn't mean there's no money to spend. It means that we can't borrow more money. The government is still receiving tax revenue. Keeping the debt ceiling where it is means they'll have to be frugal and stop wasting money on dumb ****. They, gasp, might have to cover social security checks before signing a blank check and sending it to Ukraine.

 

Do you mean, because Republicans might filibuster?

As that is actually the exact opposite of what Democrats have all been saying, it is a bizarre and illegitimate translation of their words, you are trying to push, for your sad argument.

Please quote me Democrats "effectively saying that defaulting is their only option," or bring this false claim back to the junkyard, from where it came.

I see I will have to start keeping count of your nonsense claims.

2 & 3) You understand the meaning of "bipartisan," don't you? So you would seem to be saying that Republicans have been pushing some plan, which at least one Democrat, is on the record supporting. Who is this? Please cite a news source.

Your other dubious claim, was that the Republican austerity budget cuts, is "siding with the majority of Americans." Please cite a poll, showing that Americans want all of these, particular cuts, which the GOP is demanding. Just showing that they want us to balance our budget, is in no way, the same thing, as there are numerous ways a budget could be balanced. Tax increases, including ending Trump's tax cuts, for instance, could be a big part of the mix.

4) Source?

5) I'm not even sure, what you are implying, here. You seem to be making two additional, false claims; but I'll only count it, as one-- 'cause I like you. So, in what way were Democrats "hoping they could sway public opinion," and what measure are you using, to assess that "they failed?" Again, I am not asking for what some Right wing talking head or opinion columnist, is speculating. I am asking for what actual evidence you can produce, to substantiate your claim.

 

You have two considerations. What happens if the government defaults, and what happens if we just continue the unsustainable process of increasing debt.

A default would create problems. It probably would raise interest rates and cause serious inconvenience to citizens that are in no way responsible for the problem.
This would cause us to confront the monster of debt right now--- much like a person who has maxed out all their credit cards, can no longer get their limits raised, and can't pay more than the interest on what they owe... And that is precisely where we are right now.

A capitulation to recklessly continuing the status quo is exactly the same as that person just finding another card, so he can pay his Visa minimum with his Mastercard, pay his Mastercard minimum with his
American Express card, and pay his AmEx minimum with his Visa card.

The problem is growing rapidly; the longer it's allowed to go on, the bigger monster it becomes.
I have no doubt they will raise the limit; they haven't got the courage to face the music today.
This is what's known as "Kicking the can down the road" so it will be someone else's problem.
That's the easy way out, it is what they will do after all the wailing and bluster about the financial responsibility they have, but never practice.
That is supposed to make you think they actually give a damn.

 

You don't know what you are talking about... the SS program has its own trust fund.... SS Checks will continue...

 

Search
social security payments if us in default


Yes,SS holds trillions in US debt but can't touch a dime of it. The US govt makes SS payments not the SS.

 

SS checks and payments will go out.

 

You're getting warmer, but still wrong.

https://www.reuters.com/article/col...eck-if-the-u-s-defaults-idUSL1N0HY0XP20131008

Obama used social security as a political pawn threatening our seniors during his administration. He also paid for additional security to shut down open air memorials. Obama intentionally spent extra funds and made our budget issues as impactful as possible during his administration because he believed if he hurt Americans the media would blame Republicans. It was ironic that he spent money he claimed he didn't have to obstruct Americans from visiting public monuments rather than allowing Americans to walk up to them and read the plaques.

This has led a lot of people to believe that Social Security payments are tied to external variables, but it's not true. The only reason SS payments won't go out is if Biden wants to make Americans suffer like he did with Obama when he was vice president. There is no other reason for checks to not go out. And if he withholds those payments to our most vulnerable Americans after all the inflation he caused he should be impeached.

 

Exactly Yellen should be impeached for lying to the public and spreading disinformation.

….

 

To dream the impossible dream.