goemaw.com
General Discussion => The New Joe Montgomery Birther Pit => Topic started by: sys on May 01, 2023, 07:16:58 PM
-
with yellen saying today that treasury may run out of money as early as june 1, feels like it's time for a thread to discuss this slow motion disaster.
https://twitter.com/igorbobic/status/1653154906528784384
-
I just can’t fathom they won’t cut a deal
Sent from my iPhone using Tapatalk
-
Has the Imperial Presidency finally come down off the throne and declared that they're willing to talk?
-
Talk about what
-
:lol: :lol:
KK - For the Imperial Presidency (just not the Dick Cheney version)
-
This shouldn't even be a conversation or debate, this is hostage taking and nothing more. Notice that the Democrats don't touch this when they're not in the White House and it passes without fail. The GOP is using this point blank to extract as much pain as possible to cause either a complete depression by defaulting or a severe recession by spending cuts.
Here is something the GOP won't tell you is they don't care about Debt and Deficits while they're in office....also that they passed the Debt Ceiling 3 times under Trump. This is only something that happens under a Democratic Administration much like they did about a decade ago under Obama.
This conversation only adds fuel to the fire that the world should move on from the dollar...which oddly enough the GOP is putting ads out for.
The real issue here is quite honestly the Media is making this a horse race instead of what it really is a nuclear bomb with an idiot pounding on the button to detonate it. The media really needs to stop both siding this crap, this is a GOP caused crisis and should be treated as such this Debt Ceiling talk. The GOP is counting on the media to Both Sides the blame so they can do whatever they want with this round of painful spending cuts...such as aimed at Veterans which sorry the GOP doesn't have a leg to stand on, saying it's not true though it absolutely is, after the initially blocked the PACT Act, and celebrated that they did with fist pounding and cheers on the Senate floor.
Hell they're threatening the VA with Budget cuts now due to them saying it could result in 22% cut.
https://www.military.com/daily-news/2023/05/02/house-republican-threatens-cut-va-budget-over-agencys-warnings-about-budget-cuts.html
Want to negotiate...do it over the budget, not over the Debt Ceiling which would destroy the full faith and credit of the US Government.
-
Stunning that @turnbull is all for the imperial presidency (Democrats only)
Washington for "cutting the budget" . . . a decrease in the requested increase
Meanwhile senior leadership of OPM cannot document the status of $36 billion dollars in annual federal employee salaries nor can the properly document the work domicile status of 10's of thousands of Federal Employees.
The DOD and Democrats refuse to accept any proposal to audit the funds going to Ukraine and most certainly the DOD is going to fail it's 6th straight audit.
-
Stunning that @turnbull is all for the imperial presidency (Democrats only)
Washington for "cutting the budget" . . . a decrease in the requested increase
Meanwhile senior leadership of OPM cannot document the status of $36 billion dollars in annual federal employee salaries nor can the properly document the work domicile status of 10's of thousands of Federal Employees.
The DOD and Democrats refuse to accept any proposal to audit the funds going to Ukraine and most certainly the DOD is going to fail it's 6th straight audit.
Dax.... know you like to mention me, but I just have you on ignore...whatever conspiracy theory you cook up i'm not going to read it, nor do I care....the fact is the Debt Ceiling is only an issue when the Democrats have the White House....only loser galaxy brains think otherwise
-
LOL, you're so full of crap dude.
The DOD has failed it's last 5 audits, that's not a conspiracy theory
The OPM Directors were just in hearings, they could not answer the questions nor clarify or explain themselves, that's not a conspiracy theory
All of these things I mentioned are things that the government spends money on and thus they are 1000% part of government spending and the budget.
Even the most simp of simp brains understands base line budgeting, that's not a conspiracy theory
You're just here to be a hyper-partisan simp who is completely incapable of understanding and discussing the facts
Oh, the concept of the imperial presidency is not a conspiracy theory
The conspiracy theory tapout is old and tired, do better
-
So if hypothetically, the House refuses to raise the debt ceiling and the executive branch decides to continue operating business as usual, then what happens? Do the republicans have to go to the supreme court and argue for the court to make the country default, or is there some other mechanism to make the default more immediate?
-
The executive can invoke the 14th ammendment and can circumvent congress to avoid catastrophe but IDK
https://www.reuters.com/world/us/could-biden-avert-debt-default-by-using-14th-amendment-2023-05-02/
-
Lotta folks want him to mint a $1T coin to bypass the issue. There is apparently some legal ppl on both sides of this issue regarding if he has the power to do so. The most recent ones I have heard are saying the pres does indeed have this power. My take is that we seem to be in a “eff your forgiveness and I don’t need your permission” political era and whenever there is a question regarding if power exists or not, the power will probably be grabbed.
Economically, it seems like a bad idea, but I really am not at all educated on this.
-
Lotta folks want him to mint a $1T coin to bypass the issue. There is apparently some legal ppl on both sides of this issue regarding if he has the power to do so. The most recent ones I have heard are saying the pres does indeed have this power. My take is that we seem to be in a “eff your forgiveness and I don’t need your permission” political era and whenever there is a question regarding if power exists or not, the power will probably be grabbed.
Economically, it seems like a bad idea, but I really am not at all educated on this.
I don't think that part of the 14th Amendment has ever been litigated, so it's fertile ground, IMO. I guess it's a good failsafe to have in your back pocket. But honestly, the historical reason for including that was because the Secessionists tried to disavow their debts during the Civil War. Who knows, anymore ...
-
Well, passively refusing to vote for an increase to the debt ceiling is a whole lot different politically than actively suing the president to try to make us default on our debt and plunge into a recession. It's a lot harder to blame Biden if he invokes the 14th to avoid the issue.
-
https://twitter.com/jstein_wapo/status/1658883675667169308
I was highly doubtful this was even an option.
-
A clean debt deal would be much preferred. The reason that part of the 14th Amendment was written was because southern states were trying to repudiate their debt obligations during the Civil War. I'm not aware that it's ever been tested. However, it's not clear to me who would have standing to challenge it in court.
-
I'd like to think the republicans aren't dumb enough to challenge Biden using the 14th in court, but I'm not sure.
-
YTD compared to this time last FFY. The Federal government has spent $266 billion more. They're about ready to run out of money on the last off budget expenditure for the UkrgroGrifters, so no doubt another $45 billion to $50 billion off budget line item for that cluster is coming around (again), hopefully the Ukrogrifters will keep skimming off the top.
For FFY '23 a $1.4 trillion dollar deficit is predicted. Current projected budget deficits over the next 9 FFY average are around $2 trillion per year. Adding an estimated $19.4 Trillion to the national debt.
It's just money until we say it isn't just money . . . #blueanon :thumbsup:
-
If true this has to be infuriating for #neocongE
https://twitter.com/grdecter/status/1658526505440247834?s=46&t=-jwPwnR3rKHM9sk9hA7h8g
-
I'd like to think the republicans aren't dumb enough to challenge Biden using the 14th in court, but I'm not sure.
They are Chip Roy already saying they’ll blow everything up, that is the goal per their own membership, destroy your presidency or we destroy the American economy and American reserve currency status. However, the debt ceiling is one of those things when a Democrat is in office, it’s the same thing for the debt and deficits. These are things that only matter to the GOP when a Democrat is in the White House. Especially after the 4 years of trump’s spending that even would make a drunken sailor blush.
-
The idea that fiscal responsibility is defaulting on debt sounds about right for the right.
-
Just money (but only if a Democrat is President) . . . #blueanon
-
Just money (but only if a Democrat is President) . . . #blueanon
Pass the potatoes
-
https://twitter.com/CatieEdmondson/status/1661775244137312259
:rolleyes:
-
Rep. Jeff Jackson is a guy I ran across on Reddit who does a seemingly good job explaining this debt ceiling negotiation. He has posted several videos explaining how McCarthy is stuck. If he votes
to raise the debt ceiling, the morons in the GOP party will have an easy time recalling McCarthy from the speakership. As part of the negotiation for McCarthy to get the necessary votes to be speaker, he included a change to the recall process that only requires one GOP congressperson to vote for a recall. With MTG and her pack of drooling idiots, if he McCarthy votes for the ceiling, they will most likely recall him and he will most likely lose his speakership. So, if this is all correct, this negotiation isn't about the debt ceiling, it's about McCarthy trying to find a way to do all this without him losing his job. We are looking at a mumped up recession because this losery [redacted] is putting his speakership in front of the country.
Another shocker. The party that is screaming about the country being ruined is once again the force that is doing it's best to ruin the country.
Jackson is a dem, for full disclosure. Maybe I am getting Revolvered and this is all crazy talk, but it doesn't seem to be.
-
Never go full Revolver.
-
I love how the market just calls their bluff every day no matter what they say/do. like the bond market calling jerome's bluff all day every day. so pure.
-
if he McCarthy votes for the ceiling, they will most likely recall him and he will most likely lose his speakership.
anything is possible, but this doesn't look likely at the moment. the republican caucus appears to be pretty united and content with how mccarthy is negotiating. the freedom caucus will vote against the deal, but be willing to see it pass with dem votes.
-
I just can’t fathom they won’t cut a deal
appears to have nailed it. not much drama this iteration.
-
Fire up the money printer again :excited:
-
mccarthy deserves some credit, i think. when he needed like 140 rounds to be elected speaker people were saying he'd be the weakest speaker in history and beholden to the freedom caucus. instead, it looks like he's gonna deliver the majority of his caucus for a no-drama, super ordinary deal and the freedom caucus isn't going to do anything more than whine to the press.
https://twitter.com/Brian_Riedl/status/1662636686000414721
-
Just money (until we say otherwise, when it’s politically expedient to say otherwise)
-
mccarthy deserves some credit, i think. when he needed like 140 rounds to be elected speaker people were saying he'd be the weakest speaker in history and beholden to the freedom caucus. instead, it looks like he's gonna deliver the majority of his caucus for a no-drama, super ordinary deal and the freedom caucus isn't going to do anything more than whine to the press.
https://twitter.com/Brian_Riedl/status/1662636686000414721
Yeah, agree. Nicely done.
Sent from my iPhone using Tapatalk
-
Joes got that centrist soft spot for the other side of the aisle
Sent from my iPhone using Tapatalk
-
I feel bad about how much I’m enjoying the MAGA tears surrounding the debt deal.
-
Did we cut the military budget to avoid default?
-
Did we cut the military budget to avoid default?
no, we're good.
-
I feel bad about how much I’m enjoying the MAGA tears surrounding the debt deal.
that's pretty mean, I am a mess over here. can't stop blubbering
-
Did we cut the military budget to avoid default?
:ROFL: yeah right
-
:)
-
more of a feel good, common grounder than a war.
https://twitter.com/JakeSherman/status/1664080912999497730
-
it's time to rekindle the previously kindled discussion of the house republican caucus not being able to pass the most basic goddamned bills known to man.
the current version is to shutdown the govt, which seems pretty likely to happen at the end of the month.
https://twitter.com/JakeSherman/status/1704111043394273682
-
even rule votes getting shredded by the freedom caucus. i think the idea that some of them want mccarthy's head has some merit.
https://twitter.com/JakeSherman/status/1704883639266230418
-
context.
https://twitter.com/JakeSherman/status/1704934729441796329
-
Boehner and Pelosi could absolutely not be mumped with. Complete domination of their underlings.
-
I think a lot of the old tricks like kicking people off committees or taking away funding from their districts don’t work anymore because from the tea party on those people wear it as a badge of honor.
-
I think a lot of the old tricks like kicking people off committees or taking away funding from their districts don’t work anymore because from the tea party on those people wear it as a badge of honor.
The problem is that a block of 4 people can stop McCarthy from doing anything. So if he kicks someone off of a committee or defunds a district, that person has to have fewer than 3 friends.
-
I think a lot of the old tricks like kicking people off committees or taking away funding from their districts don’t work anymore because from the tea party on those people wear it as a badge of honor.
He also had to make a deal to completely neuter himself before he won the speaker vote. This was inevitable.