Maybe if they hadn’t handed out $3 trillion, states wouldn’t have been so eager to shut down the economy.
I think it’s about hurting the economy to hurt Trump.
Never-Trump GOP and Dems united. With the assurance that the media will hide what they’re doing.
The debt is kinda frightening though, but perspective is that we need to come out of this striding strong to lead the world, or pass to China.
I bet 100% of these traitors are on board this week with importing Indians to take American jobs though. Right, Mitch.
https://www.breitbart.com/economy/2020/07/31/gop-senators-dhs-back-mike-lees-outsourcing-bill/
“...my guys”.., Mitch???
MY guys!!!?
What sort of an operation are you running there?
Good.
Bookmark.
What good is holding the majority if you ignore a full 20 people
I think Freepers here are focusing on the impact on individuals who need financial help, but I suspect the contention over this bill is really driven by the much bigger issue of Federal assistance for state and local governments. Many of the senators opposed to the bill are likely motivated by the fact that they know damn well that no Democrat governor will ever lift any shutdown orders if he knows he can rely on Uncle Sam to make up all the lost income and sales tax revenue. THAT is the much bigger issue here, folks.
Luck the last time in the middle of this crisis it was like pulling teeth to get anything passed
Pelosi tried to put a bunch of crap in it at the last second all got rejected
They finally cobble something together and passed it but that will never ever ever have it again this close to an election
Mark my words
No this just confirms that the Republicans don’t want to even give any more freebies away when we’re $22 trillion in debt and I don’t blame them
We need to put pressure on these idiot Democrats to get theirs Jack boots off the economy and let it open back up
they’ve already ruined probably half the businesses anyway with their antics
I’m one of them. We don’t need to be financing these shutdowns. It will hurt and there will be some undeserving victims but, for the long-term good of the economy, either stop the bailouts or make them narrow-targeted so we aren’t giving money to Planned Parenthood, Harvard and the Los Angeles Lakers like last time.
If Trump is for it the RINO’s will be with the Communists.
The time and place for debt and budget actions was 2-3 decades ago... The communists, as well as the closet-communists in the Republican party, have finagled and fiddled while the Nation's financial structure edroded and, now, burned...
This well-developed and coordinated strategy and implementation has almost certainly led to the eventual destruction of capitalism and a guaranteed communist U.S., if not now, very soon...
Stop throwing money around, give us our tax cut, and we’ll talk.
For several years now I’ve followed the perspective that the Federal Reserve is the most formidable adversary to the United States and its citizens.
With respect to what Congress is attempting to do now, I don’t care if they write a 10 trillion dollar bill.
There’s an old banking proverb that I have extended to the current era: “If you owe a bank millions, you have a problem; owe a bank billions, the bank has a problem; owe the bank trillions, the bank is toast.”
Take a good look at this:
Now as your eyes gloss over, imprint this one fact on your brain:
IT IS IMPOSSIBLE FOR AMERICANS TO EVER PAY OFF THEIR NATIONAL DEBT.
Each US Citizen owes more than $465,000 in national debt. An American family of four owes more than $1,860,000 of the national debt.
Can’t be paid.
Absorb the following facts:
1. The President wants a return to the gold standard.
2. The President nominated and the Senate approved Judy Shelton as a board member to the Federal Reserve.
3. Judy Shelton is in favor of returning to the gold standard.
4. Judy Shelton is in favor of bringing the Federal Reserve inside the Treasury Department and deactivating it.
5. The President prominently hung the portrait painting of President Andrew Jackson behind his desk in the Oval Office.
6. The President wants negative interest rates.
7. The United States is now the largest producer of Oil and Natural Gas in the world and holds more proven petroleum reserves than any country on Earth. Its NG reserves dwarf anything else on the planet.
Consider the following:
Refinance all of the national debt and more for a total of $50 Trillion in federal reserve note currency at an interest rate of -6.5%.
The Federal Reserve will then pay the United States Treasury $3.25 Trillion per year.
The $1 Trillion dollar federal deficit will be wiped out in less than 4 months, allowing for lowering taxes on Americans by at least 25% across the board.
The negative interest rate revenue added to the growth of tax revenue from lower taxes stimulating the economy will top $7 Trillion per year leaving a budget surplus of at least $2.5 Trillion.
Four years of applying such budget surpluses will total a $10 Trillion reduction, and when used to pay down the national debt will leave $12 Trillion remaining achieving a Debt to GDP ratio of 12:22 or less than 55% down from current 106%.
Concurrently issuing Treasury-issued US Notes indexed to gold replacing the fiat federal reserve notes gives the United States great flexibility to leverage its oil and natural gas dominance to further reduce its national debt and liabilities per citizen and to preserve and protect purchasing power.
The extra initial borrowing of $50 Trillion less $22 Trillion US Debt yielding a negative interest rate asset of $28 Trillion can be held on the books and used to offset any remaining national debt.
At the end of the transition from the fiat federal reserve currency to the US Note currency, the $28 Trillion negative interest rate asset held on the books can pay off the remaining $12 Trillion in national debt at a net $28 - $12 = $16 Trillion in US reverse bond assets.
Distributing the reverse bond asset of $16 Trillion across 330 million citizens yields $48,000 for each citizen or nearly $200,000 for a family of four.
To offset inflation, the reset of fiat currency to gold indexed currency leveraged with the oil and NG dominance allows the US purchasing power to remain strong, thus deflating inflationary pressures.
Americans learning how to make things again, repatriating American manufacturing will further reduce the balance of payments and further boost US purchasing power.
Bottom line is America enters a Golden Age. The President has used precisely this description of where he will lead the country.
The Great Trump Reset.
The political environment is no worse and no better than it has been for the last 20 years.
Aside from creating money out of thin air- what could go wrong-, these big ultrapork sandwiches are simply early Christmas grab bags for Marxist gimmes.
Let’s quit with all of this spending.
Good! No more money, reopen the States!