Go | New | Find | Notify | Tools | Reply |
Left-Handed, NOT Left-Winged! |
When debt reaches total GDP things start to get dicey. We are there now. But, despite our normalizatoin of deficit spending our currency is still the most stable in the world and we have no problem selling T-bills. The cost of paying interest on the debt is not a huge deal, especially with such low interest rates. Hmmmm, low rates, meaning less interest on the debt, and low inflation. How did we do that? Open borders and low tariffs make our market very competitive so that companies cannot easily increase prices. But real estate, college tuition, and other things are inflating a lot faster, or were. So as long as we still have the biggest economy, are a superpower, and the dollar is the world reserve currency, we can keep adding debt for quite some time. If China overtakes our economy, and somehow gets the RMB as the world reserve currency, we will be in a world of hurt. Just like the UK was after we changed world reserves from pound sterling to dollar. | |||
|
No double standards |
Kind of reminds me of the Pelosi stmt, "you have to pass the bill to find out what's in it." "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
|
posting without pants |
Rope and scaffold my friends... rope and scaffold. Strive to live your life so when you wake up in the morning and your feet hit the floor, the devil says "Oh crap, he's up." | |||
|
Member |
Nobody. And that’s the whole point: Eventual bankruptcy. ——————————————— The fool hath said in his heart, There is no God. Psalm 14:1 | |||
|
Member |
^^^This. If one goddamn penny of US currency is spent on anything other than specific Coronavirus vaccine deployment and hospital support, and direct checks to taxpayers and businesses, ALL of these POS grifters and traitors need to hang from a noose. Every...single...one...of...them. If I seem incensed over this it's because I am! Hang 'em all or burn 'em at the stake, I do not care. ----------------------------- Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter | |||
|
Member |
Total tax revenue for 2019 was $3.46 trillion. For the cost of the two. COVID stimulus bills together the government could have suspended all taxes for the year. Think about the impact that would have made on the economy. Actually, when you consider the administrative costs of taking the money in and doling it back out it would have been even more. | |||
|
Member |
Dave, that makes too much sense. Besides, how could the kennedy center do a massive kickback? I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown ................................... When you have no future, you live in the past. " Sycamore Row" by John Grisham | |||
|
Oh stewardess, I speak jive. |
Those vile, crooked, pieces of shit, virtually all of them in DC. I'm surprised I'm even a little surprised. | |||
|
Member |
As Bigdeal himself has pointed out I try to be optimistic but HOLY F! This just makes me want to slap the living fuck out of quite a few people I cannot even name but simply know they need it. My very first thought reading some numbers is..."What percentage is the kickback?" 10 years to retirement! Just waiting! | |||
|
Festina Lente |
Giant pile of shit. Not one pony for Americans. WTF? Battle of Athens II anyone? NRA Life Member - "Fear God and Dreadnaught" | |||
|
always with a hat or sunscreen |
Trump MUST veto this piece of shit. Those swamp dwelling staffers that wrote this as well as the dumbasses that voted Aye without reading all need to be put before a firing squad. Certifiable member of the gun toting, septuagenarian, bucket list workin', crazed retiree, bald is beautiful club! USN (RET), COTEP #192 | |||
|
Member |
Never let the opportunity a crisis presents go to waste. ____________________________________________________ The butcher with the sharpest knife has the warmest heart. | |||
|
Lawyers, Guns and Money |
Republicans and Democrats come together to rob American taxpayers By Andrea Widburg Late Monday night, in a huge, secretive rush, Congress passed a combined virus relief and omnibus spending bill that’s almost 6,000 pages long and, in less than a year, will spend $2.3 trillion that does not exist. The bill’s length alone is enough to justify a second American Revolution. It should have been a simple bill: Checks for Americans in need (with provisions to prevent the French Laundry and its ilk from ever receiving another penny of taxpayer money) and basic funding for basic government. I’m thinking maybe 100 pages, max. The length tells is that the bill is a long list of boondoggles that the monoparty corruptocrats in D.C. hope no one really notices. Although the bill wasn’t ready for the public to read until Monday afternoon, both houses of Congress passed it on and “up or down” vote within a few hours. The lone holdouts in the Senate were Marsha Blackburn (R. Tenn.), Ted Cruz (R. Tex.), Ron Johnson (R. Wis.), Mike Lee (R. Utah), Rand Paul (R. Ky.), and Rick Scott (R. Fl.). Rand Paul gave a powerful speech, but his Senate colleagues want only to make nice with their new Democrat monoparty overlords. I urge you to listen because it spells out what Congress is doing to America: Rand Paul EXPLODES On Senate Floor Over $600 COVID Stimulus Checks What’s in this super-secret bill that Monoparty doesn’t want us to see? People are frantically trying to acquaint themselves with its contents but a few hours is not enough time to familiarize oneself with the details of a document more than 5,600 pages long. The broad outline is that $900 billion, or 39% of the $2.3 trillion, will go to Covid relief, with the remaining $1.4 trillion slated for funding the government through September 2021. For Americans hurt by the Democrats’ (and some Republicans’) sustained attacks on the American economy, there will be a $600 stimulus check for people earning less than $75,000 per year or married couples earning less than $150,000. I may be speaking out of turn here, but I don’t think $600 will make a big difference to people in the upper brackets, while a larger check would make a huge difference to people in the lower brackets. There’ll be an extra $600 for each dependent child under 18. People getting unemployment insurance will get a $300 per week extension. There’ll be $286 billion in loans rent and staff (money we’ve already seen went to rich, connected businesses, not small, hurting businesses). There’ll be $69 billion in testing and vaccine money. Lastly, there’s $82 billion for colleges and schools. I strongly object. If there was one good thing about the Wuhan virus lockdowns, it was that they seemed to be destroying colleges and universities. These institutions no longer educate; they indoctrinate. They are Ground Zero for every foul idea destroying America, including anti-Americanism, anti-constitutionalism, racial hatred, gender madness, and the insane monetary policy this bill reflects, which says that the government can indefinitely print money while simultaneously destroying America’s wealth. It’s an idea that only China, intent upon destroying America economically, could love. As best as people can tell, that remaining $1.4 trillion is going to things such as a climate advisory program, $10 million taxpayer dollars for gender programs in Pakistan, an investigation into the 1908 Springfield Race Riot, horseracing integrity (including performance-enhancing drugs), funding for museum exhibits about women, $700 million for Sudan, $135 million for Burma, $85.5 million to Cambodia, $1.4 billion for Asia Reassurance, $130 million for Nepal, $193 million for cars for federal HIV/AIDS workers stationed abroad, funds to stop teenagers from drinking and hooking up, $40 million for the Kennedy Center (which already got $25 million but fired its employees anyway), hundreds of millions to Palestinians, and that’s just the smallest part of it. This Twitchy thread spells out what the bill funds. I urge you to read it. Breitbart also covers the money that’s flowing out of America, even as Americans are broken by the Democrats’ (and some Republicans’) willingness to break the economy if it would mean destroying Trump. Congress is truly evil because it refused to pass a straight Wuhan virus relief bill. What it did by combining relief (some of which should be stricken) with its disgusting boondoggles is trap Trump. If Trump vetoes the bill, the monoparty can blame Trump for withholding virus relief. This will be despite Pelosi admitting that she sat on virus relief for eight months waiting for Biden to win. Words cannot describe the level of disgust I feel for the 91 senators and 359 House members who passed the bill. But you know what? It’s the American people who keep voting these corruptocrats and cowards into office. I’ve had people write to me suggesting that American Thinker advocate for civil disobedience in the form of a refusal to pay federal taxes. It’s a lovely sounding idea, but when Americans agreed to have government withholding from their paychecks as a convenience, they handed a black check to these same elected mobsters in D.C. What’s happening now is unsustainable. By the pricking of my thumbs, something wicked this way comes. https://www.americanthinker.co...rican_taxpayers.html "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
|
Member |
This bill is 5 times the length of War and Peace and they want to vote on it when? | |||
|
Tinker Sailor Soldier Pie |
I'd be surprised if he did, unfortunately.
God bless these men and woman. Ted Cruz continues to be a shinning light on that God forsaken hill.
I believe both houses already voted on it and passed it. ~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan | |||
|
Lawyers, Guns and Money |
He should... but he won't. Rand Paul gave a powerful speech... but only a handful joined him in voting against this monstrosity. We are in trouble as a nation. It takes economic power to support military power and we are squandering a strong economy to unsupportable debt. The military will fade away when the dollar collapses. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
|
Member |
Yeah. It was poorly-phrased rhetorical question. It just pisses me off that they routinely vote on shit like this, knowing that no one in Washington has read it, or understands completely what it contains. | |||
|
Step by step walk the thousand mile road |
No one. The fed.gov will spend like sailors at bars and brothels after ten years at sea until one day the system crashes to a sudden and abrupt halt. Then we “reset” and do it again. Nice is overrated "It's every freedom-loving individual's duty to lie to the government." Airsoftguy, June 29, 2018 | |||
|
Tinker Sailor Soldier Pie |
It's an egregious abdication of their sworn oath. ~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan | |||
|
Too old to run, too mean to quit! |
I truly wish I could say I am surprised. Unfortunately, I am not surprised at all. The "swamp" (i.e. corruption) is wide and deep. My view is that a LOT of that money will end up in private bank accounts! And not a few of them will be those held by USA elected officials. Elk There has never been an occasion where a people gave up their weapons in the interest of peace that didn't end in their massacre. (Louis L'Amour) "To compel a man to furnish contributions of money for the propagation of opinions which he disbelieves and abhors, is sinful and tyrannical. " -Thomas Jefferson "America is great because she is good. If America ceases to be good, America will cease to be great." Alexis de Tocqueville FBHO!!! The Idaho Elk Hunter | |||
|
Powered by Social Strata | Page 1 2 3 4 |
Please Wait. Your request is being processed... |