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The Debt Ceiling is Scarier This Time
Very little. He had a weak hand and there are no mandates from the people to reduce spending - we're staying at COVID levels with some minor tweaks and have 'new normalled' the baseline which makes progressives content. Two trillion per year going forward. There's some hand wringing by people...- BeSafe
- Post #332
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
FWIW, that's why, even when I have my science hat on, I'm pretty dubious about "follow the science" and how it's become a trope, rather than a path. At the core, the scientific method is about how - it's a process question. Why and what to do about something is a different question. People...- BeSafe
- Post #305
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
Personally, I think that somewhere amongst Homeland Security, the FBI, the CIA, the NSA, and the ATF, there's room for a least a little consolidation. There... 2 billion saved, only 1,998 billion more to go.... I'm gonna need a bigger box of pencils :(- BeSafe
- Post #294
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
Yea, this gets into the difference between facts and truth. It is a fact that Donald Trump was president during the greatest reduction in child poverty in the last 30 years and that the lowest rate of childhood poverty happened during his years in office ... Does anyone really believe that...- BeSafe
- Post #290
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
If there is one thing that probably IS going to come out of this kerfuffle is that some version of the tax breaks are going to become permanent. The 'wealthy tax break' was largely aimed at incentivizing repatriation of earnings that were never going to be taxed at all thanks to double dutch...- BeSafe
- Post #288
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
They did. Then make that case, and not the ridiculous idea that we don't actually have to pay out on bonds we've issued because we don't like what we're spending our money on. What's going to crash the budget are ENTITLEMENTS - the NON-DISCRETIONARY money that's going to be owed over the next...- BeSafe
- Post #277
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
That's basically it. Part of being the reserve currency is that everyone else uses your money. And the less of it there is in circulation, the more expensive it is for OTHER people to do their transactions. We HAVE to run a deficit every year just to keep up with global growth. The single...- BeSafe
- Post #268
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
The guy to whom I was referring to say 'fuck it' is the current president - ya know, the guy who's actually dealing with the nonsense - not the former guy. So he's equating Biden to Hitler - which may validate some of the hard right conspiracies but not quite the angle I was going for am I'm...- BeSafe
- Post #245
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
I know there's a rush because people don't want to get caught up in the paperwork but part of me also says 'wait a sec.. does anyone REALLY believe that Chase Bank isn't actually going to cash someones SSI check?' If Yellen calls up the big 5 and says 'dudes, just keep going, we'll make it...- BeSafe
- Post #223
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
In the global financial system, debt and money are integrally intertwined. What backs up wealth isn’t shiny pieces of metal or shells or green sheets of paper – it’s force. It’s the ability to make you do what I want or kill you if you won’t. The rest is essentially an elaborate kabuki dance to...- BeSafe
- Post #176
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
It's not that complicated. "government spends too much and has accumulated too much debt, but they are not sure what to do about these problems." Raise taxes and/or cut spending. If you get fired, tough shit. That's your job.- BeSafe
- Post #150
- Forum: Political Anarchy
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The Debt Ceiling is Scarier This Time
If there is a silver lining to all this, it's that we can start to see who's swimming naked. By putting the three 'burn it down' types on the Rules committee, they've given them a lot of leverage to release some pretty uncomfortable legislation. These folks are populists. They're not really...- BeSafe
- Post #59
- Forum: Political Anarchy