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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (1107747)	1/2/2019 3:52:48 PM
From: RetiredNow	Respond to of 1585190

Yes, I know the history. Except the proverbial gun to the head was all a lie. Did you live through the Savings and Loan Crisis? Read up on that. They took a whole different and far more healthy approach. If they'd followed the same recipe, they would have torn down the TBTFs without bailing them out and they would have put the bad actors in jail just as they did back then. Instead, they used taxpayer money to bail out the bad actors, institutionalized financial fragility, unleashed QE and low interest rates, which enriched the already rich through asset inflation, and condemned the 99% to a perpetual malaise, not to mentioned checked our debt up by $12 trillion. It's no wonder the 99% are killing themselves on opiates and changing their beliefs from capitalism to socialism. Here's a clue for you. Anytime anyone tells you that if you don't do what they want, there will be an apocalypse, you need to call their bluff. The consequences of going along with blackmail are always worse than just calling them on their bluff and dealing with the fallout. The thing is that calling someone's bluff takes courage. Capitalism takes courage. Socialism is easy and lazy and the consequences are horrendous in the long run. That's what we are moving fast towards now, along with the corrupting influence of the Fed and an out of control Congress. You think it will get better under Democrats? Think again. The new Social Democrats (aka Socialists) don't like spending controls... --------- Ocasio-Cortez To Oppose Pelosi On Key Spending Rule (Pay-Go Rules) Rep.-elect Alexandria Ocasio-Cortez (D-NY) has joined Rep. Ro Khanna (D-CA) in opposing bylaws backed by House Minority Leader Nancy Pelosi (D-CA) who is likely to become the next Speaker. The two Democratic lawmakers have objected to the inclusion of a "pay-as-you-go" rule, which would mandate that any new legislation be deficit-neutral, meaning any costs would need to be offset by new revenues or cuts elsewhere. Proponents of pay-as-you-go say itis an important safeguard to keep the federal deficit in check, however Khanna and Ocasio-Cortez, an Economics major, disagree. "It is terrible economics. The austerians were wrong about the Great Recession and Great Depression. At some point, politicians need to learn from mistakes and read economic history," tweeted Khanna on Wednesday. Ocasio-Cortez called it a "dark political maneuver designed to hamstring progress on healthcare+other leg." A spokesman for Pelosi, Drew Hammill, fired back - arguing that pay-go would be a vast improvement over current GOP rules, which he referred to as "CUTGO," which prohibit tax increases from being used to pay for legislation. Without a pay-go rule in the House, he said, the White House budget office would be required by law to offset deficits from new legislation by cutting certain mandatory spending, such as Medicare. "We must replace CUTGO to allow Democrats to designate appropriate offsets (including revenue increases). A vote AGAINST the Democratic Rules package is a vote to let Mick Mulvaney make across the board cuts, unilaterally reversing Democratic initiatives and funding increases," he wrote, referencing the director of the White House Office of Management and Budget. The PAYGO rule would not block deficit-producing legislation from going forward, but it would create a legislative roadblock. - The Hill In order to sink the new rules package, 18 Democrats would need to vote against it on January 3 - which would constitute a significant setback for Pelosi during her first day back at the Speaker's gavel. That said, some budget experts say that concerns over the pay-go rule are overblown. "In a prior life, I spent plenty of time trying to make a House PAYGO rule have teeth and consequences," said former senior policy analyst Zach Moller in response to Khanna. "This PAYGO rule, as proposed, is not that. Progressives should not lose a minute of sleep over it."

To: Fiscally Conservative who wrote (1107747)	1/2/2019 4:43:48 PM
From: Tenchusatsu	2 Recommendations Recommended By locogringo Mick Mørmøny Read Replies (1) \| Respond to of 1585190

The-Democrat, Bailing out Banks after Paulson put a gun to the head of Congress in a closed door session. Yes it is a figure of speech but Paulson warned Congress if they did not bail out the baks and put in a stop gap to the Credit Crisis then the whole Economy would melt down far worse then the Great Depression of the 1930's. "Gun to the head"? Give me a break. What Paulson said was a warning, not a threat. Paulson wasn't holding the economy hostage. Bankers are Republican. Wall Street Bankers are Republican. You're funny. Bankers aren't partisan. In fact, they contributed more to the Clintons than they did to Trump. Tenchusatsu