US Erection 12 *AND* 16 *AND* 20 *AND* 22 *AND* 24 *AND* Beyond

[Topper]

DOGE's first test with the government spending bill, which they are effectively torpedoing, but with no plan B.

Democrat votes are needed as the Freedom Caucus won't vote for any bill. That was the point of this negotiated bill.

Elon getting a crash course in politics.

Nancy Mace summed it up nicely. The CR Bill in September was 21 pages, this 11th hour monstrosity of an omnibus was over 1500 pages. Sure it contained much needed disaster relief but it also contained Xmas pork for everyone Rep who wanted it. That is what consensus bi partisan politics has descended to. It is not compromise, it is vote buying in the House.

The message is clear, if a project deserves funding, it will get it on its merits not as a side deal. This shouldn't have been a surprise to Johnson or anyone else.

[Topper]

Fani Willis has been removed from the Georgia voter case against Trump throwing those charges in limbo until/if another prosecutor is set.

That leaves the NY City case as the only outstanding charges against Trump and that is on hold until 2029.

[Topper]

Revised Bill that should pass includes Trump's request for no debt ceiling for two years.

This will be fun to watch.

Reminiscent of Trudeau's request for 18month unrestricted financial control at the beginning of COVID.

[5thhorseman]

Plan B, 116 pages instead of 1547, still defeated due to 37 Republicans voting against. Even if passed it would have been defeated in the Senate. What's plan C?

They'll eventually go back to the original deal I think.

[Chef Boi RD]

“Elon Musk, the richest man in the world, is threatening to unseat elected officials, if they do not follow his orders to shut down the government during the holidays. Are we still a democracy or have we already moved to oligarchy and authoritarianism.” - The Great Bernie Sanders

[5thhorseman]

To be honest, it's a good thing this is happening as spending is out of control and it's not going to be fixed without some upheaval. We need a shakeup. Hopefully this spreads to Canada as well.

However, I don't think they're actually going to be able to fix the problem without cutting military spending and/or entitlements.

Excessive spending and ballooning debt has always been my number one election issue.

[Chef Boi RD]

Excessive spending and ballooning debt has always been my number one election issue.

It should be for everyone, but what happens in the bedroom (LGBTQ) seems to take precedence, it’s a threat to the ancient old and archaic religious beliefs, that and what women (misogyny) do with their bodies and the raping and pillaging immigrants selling drugs to the white folks children.

[5thhorseman]

Don't worry Dude, Rats will come around eventually

[Per]

Fani Willis has been removed from the Georgia voter case against Trump throwing those charges in limbo until/if another prosecutor is set.

That leaves the NY City case as the only outstanding charges against Trump and that is on hold until 2029.

If he is still alive then.

He is the oldest US president ever elected and already way past the 74.8 year life expectancy of a US male.

[Per]

To be honest, it's a good thing this is happening as spending is out of control and it's not going to be fixed without some upheaval. We need a shakeup. Hopefully this spreads to Canada as well.

However, I don't think they're actually going to be able to fix the problem without cutting military spending and/or entitlements.

Excessive spending and ballooning debt has always been my number one election issue.

They're going the wrong way about it though. This constant insecurity surrounding whether the US government will honour its debts or not hurts the US economy. US government bonds used to be the gold standard, but these constant clown shows has meant that they no longer get a triple A rating from two of the three major rating companies. US debt is now instead rated AA+, which means borrowing gets more expensive for them than for the more stable Triple A nations like Canada, Germany and Sweden.



Sweden instead has a rule that only a balanced budget can pass. Thus if you want to increase spending you have to raise taxes, and if you want to lower taxes, you have to decrease spending. Works like a charm. Of course, things may happen in a year that throws you off, but at least you have to plan for not spending more than you have.
Edit: I forgot to mention, if the budget doesn't pass, the government must resign. If parliament cannot agree on a new prime minister, new elections must be held. So there is a pretty good incentive to make sure that a) the budget is balanced and b) you have the votes you need, before you present the budget.

Btw, the map shows the Standard and Poor's ratings (Canada AAA, USA AA+, France AA, China A+, the Saudis A, and so on). Of the other two major rating companies, Fitch has both Canada and the USA at AA+ and Moody's has both Canada and the USA at AAA. Australia, Denmark, Germany, the Netherlands, Norway, Singapore, Sweden and Switzerland are the only eight countries to recieve a triple A rating from all three. But Canada gets it from two out of three, which according to Meatloaf ain't bad.
https://en.wikipedia.org/wiki/List_of_c ... dit_rating

[Topper]

Revised Bill (120 odd pages) didn't pass.

Elon being accused of running the Government, question is, who has been running the government the past few years?

[donlever]

Now the left with the Conspiracy Theories after mocking the other side about it.

Keystone Cops.

[5thhorseman]

There's crackpots on both sides, or so I've been told.

[5thhorseman]

They're going the wrong way about it though. This constant insecurity surrounding whether the US government will honour its debts or not hurts the US economy. US government bonds used to be the gold standard, but these constant clown shows has meant that they no longer get a triple A rating from two of the three major rating companies. US debt is now instead rated AA+, which means borrowing gets more expensive for them than for the more stable Triple A nations like Canada, Germany and Sweden.

The typical yield spread between AAA and AA+ bonds across short to long-term maturities is 0.06%. I think it's worth it to pay an additional 0.06% to shake things up when things need shaking up, don't you?

[5thhorseman]

Sweden instead has a rule that only a balanced budget can pass. Thus if you want to increase spending you have to raise taxes, and if you want to lower taxes, you have to decrease spending. Works like a charm. Of course, things may happen in a year that throws you off ...

So when things happen that throw you off, where does the money come from?