Pubs will get some work requirements. Dems pledge to hold 24 spending to 23 levels. No tax increases, but no spending cuts either. That's all I've caught.
The Debt Ceiling
- Thread starter snarlcakes
- Start date
Pubs will get some work requirements. Dems pledge to hold 24 spending to 23 levels. No tax increases, but no spending cuts either. That's all I've caught.
I was going to say any deal at all is ultimately a win for the Repubs, but if your summary is correct, I think that's actually a win-win. Not because I like it, but because I think both sides can find things in there to campaign on.
Heard that too.
What stood out to me was 24 spending held to 23 levels. Pubs had wanted cuts to 23 down to 22 levels. That saves all the Biden spending initiatives.
Fiscally, it means very little, but politically, I think the GOP wanted the work requirements more than anything.
Mostly, yes, but a spending cap moves the needle a little bit. Work requirements don't even look at the needle.
He didn't have 8 years, so your argument is stupid.
Obviously you don't know the difference between wealth and income.You say how much Trump paid in taxes. There are some wealthy that play the system very well.
Wealth Inequality - Inequality.org
The United States exhibits has more inequality and disparities of wealth between rich and poor than any other major developed nation.inequality.org
Paying more taxes doesn't seem to be doing much to address the skyrocketing wealth gap. The richest 5% of Americans hold 2/3 of the wealth.
Here's a relevant chart also showing how the very top aren't paying as much of a percentage as they used to as their wealth increases.
Anyway, the wealthy pay most of the taxes because they have hoarded most of the wealth. You can't expect poor people to pay much in taxes.
The only difference between now and medieval times is that we aren't forced to call them "My Lord".
You may learn the difference when you're out of high school.
Like a cactus?Yep, it's all a zero sum game, isn't it?
And people think Lucy is a plant.....
I'd like you to do me a favor, DANC. I'd like you to try responding to people without insulting them. See if you have it in you. You're too smart to act like this.
As I've told you repeatedly, I respond to people the way they post to me.
I respond to people all the time without insulting them. Why do you pretend I don't?
Do me a favor and stop whining about me when your moderation of the board is woefully lacking.
Hickory didn't insult you. He wasn't even replying to you. Your personal attack came from nowhere. You went there first.
He didn't in that post, but he does in others.
Other people use my name as an insult all the time, and not a peep from you. When you start addressing them, I'll take your concern seriously.
Until then, you can fvck right off.
if so, that isn't a negotiation or a compromise.
that's pure and simple caving to a ransom demand by hijackers.
at which point, the ransom demand will get larger every yr. 100% chance.
at some point one needs to take a stand, and go to the 14th amendment if necessary.
said 14th seems pretty cut and dry to me. i'm not seeing the point in ignoring it exists.
SCOTUS saying otherwise, only exposes them as totally corrupt.
which if so, needs exposing sooner rather than later anyway.
that said, pretty sure big money, not the MTGs, is who even corrupt SCOTUS serves first, and big money doesn't want default or spending cuts, so i'll roll the dice with confidence on this.
i have no problem with not negotiating with extortionists here, and letting the chips fall where they may.
when politicians put reelection over governance, is when the country is most compromised, and Biden paying extortion to hijackers would be putting reelection over governance.
you negotiate budget when you make purchases, not when the bill comes due.
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There are very few members in congress that are actually conservative. The spending and printing will continue. You can’t taper a Ponzi scheme.
Republicans have become an embarrassment the past two decades when it comes to spending and Democrats prostituted themselves out decades ago.
Has anyone else read there is no cap until 2025?
Republicans have become an embarrassment the past two decades when it comes to spending and Democrats prostituted themselves out decades ago.
Has anyone else read there is no cap until 2025?
You have bitcoin, I have silver and gold. The reasoning is the same, the crash of the US dollar is an inevitability.
The crash of Bitcoin is already happening. I think Id trust $$ ahead of virtual right now
This was the expected outcome. Republicans just had to do the dog and pony show to pretend they care about fiscal responsibility.
People have been saying that at least since the 60s, I suspect before that but I wasn't alive to hear it. A thousand years from now it will happen to a chorus of "told you so"
The dollar has been crashing to gold since the 60s and for the past 14 years to Bitcoin.
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Okay since everyone asked, it’s because of responsibility.
There is no way we can continue to carry the amount of national and consumer debt that we do.
Worst case scenario I sell my loot for a modest profit during retirement.
Correct . That distinction is vital if we are going to discuss inequality. The massive increases in wealth in the last few decades is largely attributed to inflation, especially in real estate, and falling dollar. Inflationary wealth has come from easy cheap credit and high government spending. Both deliberate government policy by both parties.
Graphs comparing the amount of income taxes paid as a percentage of total wealth, as Hick posted, doesn’t mean squat. Much more instructive would be taxes paid as a percent of earned income.
Bitcoin is just an investment like Apple, or gold, or rare coins. Here is Apple stock, May 30, 2009
| May 30, 2009 | 4.87 | 5.23 | 4.86 | 5.17 |
Opened at $4.87, it is $175 today. Investors have received a hell of a lot of dividends in those 14 years. And I think there have been 7:1 and 4:1 stock splits in those 14 years.
So the dollar has been crashing to Apple. No one in their right mind is buying $100,000 of dollars, putting it in a safe, and think it will grow.
That's because people like hickory don't realize wealthy people own assets and invest and don't take much actual income. They get their money by selling their assets or through return on investments which aren't taxed until sold.
Noone is getting billion dollar salaries.
This is far from a done deal. McCarthy is going to have a bitch of a time getting it passed without Dem help, and if it takes Dem help to pass it then his goose is cooked.
I agree it’s an asset like Apple and will continue to increase in price versus the dollar.
It’s not necessary about having the right mind. The bottom 50% of society doesn’t have any assets, because they can’t afford them. Also, most of the assets overall are held by a very small percentage of the population. Perhaps debasing the currency that unfairly and disproportionately benefits the top 5% percent of society isn’t the best system?
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He has four votes to give. Any more than that and he needs Dem help to pass it. If he can't get 218 Pub votes, he'll be beholden to the Dems, no matter how minimally. The crazies will spin that as a sellout.
I've seen enough random twittercrap from assorted wingnuts to think getting 218 Pubs to fall in line is going to be tough. BICBW.
But I thought all Democrats wanted to increase the debt ceiling. Are you saying they'd play politics to stop it?
Getting Dem votes is not a problem. McCarthy's problem is that he will be perceived as selling out to get them. That's a pub problem.
