Author Topic: Government programs & regulations, spending, deficit, and budget process  (Read 402646 times)

DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1250 on: August 02, 2021, 11:39:06 AM »
https://dailycaller.com/2021/08/02/treasury-department-janet-yellen-debt-ceiling-congress/?utm_source=piano&utm_medium=email&utm_campaign=2680&pnespid=lftpqaECWhWN3ok6fwuxJCfDcFHEQJUW_fVa_Oz7

I thought we rid ourselves of Janet Yellen and now she's Treasury Secretary.

From the article:
Treasury Secretary Janet Yellen warned House Speaker Nancy Pelosi in a letter July 23 that the Treasury would invoke the “extraordinary measures” if Congress didn’t raise the debt ceiling.

Crazy idea:  What if they used ordinary measures to balance the budget?  Work more.  Spend less.

DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Govt programs, spending, War on Poverty since 1964
« Reply #1251 on: August 12, 2021, 05:29:54 AM »
Democrats/ War on Poverty: Keeping poor people poor since 1964.

40 million in poverty in America the day before the 'war on poverty'.

Think of what has happened since then, productivity and wealth gains worldwide, man on the moon,

Projected cost approaching $40Trillion.
https://www.heritage.org/poverty-and-inequality/report/the-war-poverty-after-50-years

Result:  40 million in poverty today.  Not one person lifted out of poverty with $1 million per p0erson spent.

Dim Dem response: Double down on government dependency.  MORE of the same - because it's not working!
« Last Edit: August 12, 2021, 08:02:40 AM by DougMacG »

ccp

  • Power User
  • ***
  • Posts: 12939
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1252 on: August 12, 2021, 06:27:00 AM »
"40 million in poverty today.  Not on person lifted out of poverty with $1 million per p0erson spent."

right

all this spending sustains poverty it seems

but did it does apparently do a good job buying votes by stealing other people's money




DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1253 on: August 12, 2021, 08:26:40 AM »
"not one person lifted out of poverty"

Of course some people used the system as designed, got through a bad stretch and got back on their feet and are doing great, but...

The total 'gain' is net zero in almost 60 years.  Tens, twenties, going on thirties of TRILLIONS of dollars spent to gain nothing.  Program recipients learn dependency and program rules.  As the programs get more numerous and more generous and more secure than work, it gets really expensive and unnecessarily risky for your family to get off the programs and into work.

In addition, lots and lots of people are on programs but not in poverty.  Obamacare for example was designed to 'help' people with incomes 4 times the poverty level.  4 times!  What did that do?  Drive up the cost of healthcare so they are committed to the assistance and committed to keeping their (reported) incomes within the guidelines, a perverse and powerful incentive to never climb the economic ladder.  Our response to that is to expand the programs doing the harm.

What else did they learn?  Government took the place of fathers, especially in troubled areas, who used to mostly be the primary bread winner of the family.  The birth out of wedlock rate for black children was 24% in 1964 and is 80% today.  Someone other than a lesbian parent couple tell me how a child is better off without a father in the home.  The statistics, math and science, don't bear that out.  Children without fathers in the home are more likely to fall into every measurable bad outcome, crime, prison, poverty, cutting their education short, etc.

And so we do more of it...


Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 56025
    • View Profile
Sen. Manchin does the right thing!
« Reply #1255 on: September 02, 2021, 08:58:09 PM »
Why I Won’t Support Spending Another $3.5 Trillion
Amid inflation, debt and the inevitability of future crises, Congress needs to take a strategic pause.
By Joe Manchin
Sept. 2, 2021 3:10 pm ET
SAVE
PRINT
TEXT
958

PHOTO: GETTY IMAGES

The nation faces an unprecedented array of challenges and will inevitably encounter additional crises in the future. Yet some in Congress have a strange belief there is an infinite supply of money to deal with any current or future crisis, and that spending trillions upon trillions will have no negative consequence for the future. I disagree.

An overheating economy has imposed a costly “inflation tax” on every middle- and working-class American. At $28.7 trillion and growing, the nation’s debt has reached record levels. Over the past 18 months, we’ve spent more than $5 trillion responding to the coronavirus pandemic. Now Democratic congressional leaders propose to pass the largest single spending bill in history with no regard to rising inflation, crippling debt or the inevitability of future crises. Ignoring the fiscal consequences of our policy choices will create a disastrous future for the next generation of Americans.

Those who believe such concerns are overstated should ask themselves: What do we do if the pandemic gets worse under the next viral mutation? What do we do if there is a financial crisis like the one that led to the Great Recession? What if we face a terrorist attack or major international conflict? How will America respond to such crises if we needlessly spend trillions of dollars today?

Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation. A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not. While some have suggested this reconciliation legislation must be passed now, I believe that making budgetary decisions under artificial political deadlines never leads to good policy or sound decisions. I have always said if I can’t explain it, I can’t vote for it, and I can’t explain why my Democratic colleagues are rushing to spend $3.5 trillion.

NEWSLETTER SIGN-UP
Opinion: Morning Editorial Report
All the day's Opinion headlines.

PREVIEW
SUBSCRIBED
Another reason to pause: We must allow for a complete reporting and analysis of the implications a multitrillion-dollar bill will have for this generation and the next. Such a strategic pause will allow every member of Congress to use the transparent committee process to debate: What should we fund, and what can we simply not afford?


I, for one, won’t support a $3.5 trillion bill, or anywhere near that level of additional spending, without greater clarity about why Congress chooses to ignore the serious effects inflation and debt have on existing government programs. This is even more important now as the Social Security and Medicare Trustees have sounded the alarm that these life-saving programs will be insolvent and benefits could start to be reduced as soon as 2026 for Medicare and 2033, a year earlier than previously projected, for Social Security.

Establishing an artificial $3.5 trillion spending number and then reverse-engineering the partisan social priorities that should be funded isn’t how you make good policy. Undoubtedly some will argue that bold social-policy action must be taken now. While I share the belief that we should help those who need it the most, we must also be honest about the present economic reality.

Inflation continues to rise and is bleeding the value of Americans’ wages and income. More than 10.1 million jobs remain open. Our economy, as the Biden administration has correctly pointed out, has reached record levels of quarterly growth. This positive economic reality makes clear that the purpose of the proposed $3.5 trillion in new spending isn’t to solve urgent problems, but to re-envision America’s social policies. While my fellow Democrats will disagree, I believe that spending trillions more dollars not only ignores present economic reality, but makes it certain that America will be fiscally weakened when it faces a future recession or national emergency.

In 2017, my Republican friends used the privileged legislative procedure of budget reconciliation to rush through a partisan tax bill that added more than $1 trillion to the national debt and put investors ahead of workers. Then, Democrats rightfully criticized this budgetary tactic. Now, my Democratic friends want to use this same budgetary tactic to push through sweeping legislation to make “historic investments.” Respectfully, it was wrong when the Republicans did it, and it is wrong now. If we want to invest in America, a goal I support, then let’s take the time to get it right and determine what is absolutely necessary.

Many in Washington have convinced themselves we can add trillions of dollars more to our nearly $29 trillion national debt with no repercussions. Regardless of political party, elected leaders are sent to Washington to make tough decisions and not simply go along to get along.


For those who will dismiss my unwillingness to support a $3.5 trillion bill as political posturing, I hope they heed the powerful words of Adm. Mike Mullen, a former chairman of the Joint Chiefs of Staff, who called debt the biggest threat to national security. His comments echoed the fear and concern I’ve heard from many economic experts I’ve personally met with.

At a time of intense political and policy divisions, it would serve us well to remember that members of Congress swear allegiance to this nation and fidelity to its Constitution, not to a political party. By placing a strategic pause on this budgetary proposal, by significantly reducing the size of any possible reconciliation bill to only what America can afford and needs to spend, we can and will build a better and stronger nation for all our families.

Mr. Manchin, a Democrat, is a U.S. senator from West Virginia.

DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Govt programs: Americans are looking more than ever to their government for help
« Reply #1256 on: September 07, 2021, 08:25:36 AM »
"Americans are looking more than ever to their government for help on issues from health to security"
   - Bloomberg opinion
https://www.bloombergquint.com/gadfly/apple-amazon-microsoft-and-google-play-nice-with-biden-in-the-post-snowden-era

We are so far behind fighting against government "programs" as if they are individual, misguided spending programs when they are doing is a totalitarian takeover of EVERYTHING.  Cradle to grave doesn't begin to describe it. 

Tech giants in bed with government.  Combine what they know about you with what government knows and can do... if that doesn't scare you in 2021, nothing will.

What is happening in Red China right now is not a scare or a threat to them; it is a blueprint.

"The Aug. 25 summit between the tech giants and the U.S. government was like a reunion between high school sweethearts years after a horrible breakup. They’re both older and wiser. One has an eye-wateringly high salary. And now they need to make the relationship work. The phrase “public-private partnership” has been making the rounds. One chief executive who attended the meeting told the Wall Street Journal that discussions had focused more on “partnerships” than regulations[/b].


GOD HELP US.

DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Government programs, spending, deficit, budget, Debt to the penny
« Reply #1257 on: September 28, 2021, 06:57:38 AM »
https://fiscaldata.treasury.gov/

US$ 28.4 Trillion

Funny that a government measure called debt to the penny rounds to the nearest $.1 Trillion.  Oops, it just went up again.

Add current proposals 1.2 and 3.5 T to it,  Ask people which number is better for debt owing, 28.4 or 33.1 trillion.  The only way that doesn't matter is if you wish harm on the country or if you already gave up on it.
« Last Edit: September 28, 2021, 09:12:37 AM by DougMacG »

ccp

  • Power User
  • ***
  • Posts: 12939
    • View Profile
which republicans voted to raise debt ceiling?
« Reply #1258 on: October 07, 2021, 06:09:19 PM »
I cannot find this

seems to be secret


DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Government programs: Close the US Postal Service
« Reply #1259 on: October 08, 2021, 11:23:51 AM »
From another thread:  G M:  "Arizona is the only state I see trying to clean up elections right now. Nevada, like California is now Mail in fraud only. Think Nevada will ever go republican again?"
---------------------------------------------------------------------------------------------------------------------------

There may be a hundred good reasons to close the Postal Service.  Let's just pick climate change as the reason.  Sending a federal truck to every US address six days a week, while the planet is suffering a fever, are you kidding, we have to stop it.  There are so many better alternatives.

One consequence of closing the USPS would be the end of mail in voting.  We could have an 'election day' instead.  Have people come out of their homes, go to a polling place like city hall, it's already paid for, make eye contact with their neighbors and an election judge or two, and fill out one ballot only?

DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Programs, regulations, spending, deficit, and budget process, Manchu, Sinema
« Reply #1260 on: October 14, 2021, 12:01:11 PM »
Sen Sinema: “I'm not mysterious. It's not that I can't make up my mind. I communicated it to the White House in detail. They just don’t like what they’re hearing.”

(Stephen Moore)  What the White House especially dislikes is that Democratic Senator Joe Manchin and Sinema often oppose different parts of the Biden bill. Manchin, who hails from coal-producing West Virginia, taxes on carbon pollution, while Sinema favors them. Manchin is also more willing to raise corporate and individual income taxes than Sinema.

Sounds to us as if the stalemate between the two Senate holdouts and progressives is very real – but you never know with politicians.

  - Committee to Unleash Prosperity 10/14/2021

https://mailchi.mp/807eddac5204/unleash-prosperity-hotline-866080?e=17d44a0477

ccp

  • Power User
  • ***
  • Posts: 12939
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1261 on: October 14, 2021, 01:09:49 PM »
"Sounds to us as if the stalemate between the two Senate holdouts and progressives is very real – but you never know with politicians."

If I recall Manchin always folds in the end.

guess bill to wind up 2.5 T
and still devastating to the Right.

Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 56025
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1262 on: October 14, 2021, 03:39:39 PM »
Remember the job his wife was given , , ,

G M

  • Power User
  • ***
  • Posts: 20711
    • View Profile
Re: Zero jobs from $25B in "green stimulus"
« Reply #1263 on: October 14, 2021, 03:47:26 PM »
Dem donors made lots of money from these boondoggles, money taken from Americans alive and yet unborn at government gunpoint.

The graft was the success. Meanwhile the useful idiots applaud and say “he meant well” and view it as a success for that reason.



One of the benchmark portions of the stimulus was the $25 billion devoted to
creating green jobs. Professor Obama imagined a world of greener buildings and green
jobs miraculously sprouting all across the fruited plains. So, he dumped $25 billion
into painting shingles white and whatever else it is they do to 'green' buildings.
The result? Zero jobs. Just another government 'success' story. READ
http://hotair.com/archives/2009/11/09/25-billion-stimulus-program-produces-0-jobs/

Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 56025
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1264 on: October 14, 2021, 04:57:09 PM »
A Lazarus Medal for this man!!!

G M

  • Power User
  • ***
  • Posts: 20711
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1265 on: October 14, 2021, 05:18:30 PM »
A Lazarus Medal for this man!!!

The song remains the same, just with more zeros on the price tag.

DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1266 on: October 14, 2021, 07:14:24 PM »
"If I recall Manchin always folds in the end."

Yes, but the concessions they need to give Joe lose Sinema and the concessions they need to give Sinema lose Manchin for them, according to the reporting.

This is not Collins and Murkowski.



Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 56025
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1269 on: October 15, 2021, 01:53:32 AM »
A goodly percentage of them, no.

G M

  • Power User
  • ***
  • Posts: 20711
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1270 on: October 15, 2021, 04:17:02 AM »
A goodly percentage of them, no.

This is Cloward-Piven in action. It’s the deliberate destruction of the US.

DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1271 on: October 23, 2021, 12:39:32 PM »
Never answered,

If the spending costs zero, why raise the debt limit?

G M

  • Power User
  • ***
  • Posts: 20711
    • View Profile
Re: Government programs & regulations, spending, deficit, and budget process
« Reply #1272 on: October 23, 2021, 01:00:20 PM »
Never answered,

If the spending costs zero, why raise the debt limit?

We have about 50% of the FUSA that is utterly detached from reality.

DougMacG

  • Power User
  • ***
  • Posts: 14830
    • View Profile
Government programs, Puppy Torture?
« Reply #1273 on: Today at 06:22:33 AM »

Crafty_Dog

  • Administrator
  • Power User
  • *****
  • Posts: 56025
    • View Profile
I'm watching for this one to play out. 

G M

  • Power User
  • ***
  • Posts: 20711
    • View Profile
Re: Government programs, Puppy Torture?
« Reply #1275 on: Today at 08:25:35 PM »

G M

  • Power User
  • ***
  • Posts: 20711
    • View Profile
Re: Government programs, Puppy Torture?
« Reply #1276 on: Today at 08:48:17 PM »
Fauci Hopes His Experiments On Puppies Will Distract Everyone From Experiments He Performed On Humanity For Past 18 Months

Someone please tell me this story is false.

https://nypost.com/2021/10/24/lawmakers-slam-anthony-fauci-for-alleged-puppy-experiments/



"It's a Faucist world, Charlie Brown"!