Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jamie153 who wrote (1363132)	6/17/2022 2:15:40 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1584760

again failing to address the wars the D's have started. I'm doxxing you Jaimie Bubblehead 1102 Hypocrite Place Denial, CA 90210 When do you vote for Paul? With Plenty Of GOP Help, Senate Shoots Down Rand Paul's Balanced-Budget Resolution by Tyler Durden Friday, Jun 17, 2022 - 08:00 AM Every few years, Kentucky Senator Rand Paul puts forth a quixotic proposal to balance the federal budget. It's not the financial math that makes it a daunting task, but rather Washington's bipartisan addiction to spending. It predictably fails each time, but accomplishes two things in the process. First, it puts senators who've espoused fiscal discipline on the record as opposing it when the rubber meets the road. Second, over time, Paul's proposals illustrate the insidious effect of kicking the can down the road—as each new proposal requires bigger cuts to push Uncle Sam to breakeven. Paul's first such budget resolution, in 2011, didn't even cut spending. By merely freezing it for five years, the budget was projected to reach balance this year. In 2018, Paul put forth his " Penny Plan," which would balance the budget in five years by cutting just one cent out of every non-Social Security dollar for five consecutive years. In 2019, the government's worsening fiscal condition forced the Penny Plan to become the " Pennies Plan," with the five-year plan now requiring consecutive 2-cents-per-dollar cuts for five years. Things have gotten a lot worse. In just the two years since Paul's last proposal, our federal overlords have added an astounding $11 trillion to the national debt. Interest payments on the now- $30.5 trillion balance have grown by 32%. As a result, Paul's proposal this week required cutting six cents out each spending dollar for five years. Bernie Sanders railed against what he described as " massive cuts to programs the American people need." However, as Paul noted in his own remarks, “All this plan does is return to 2019 spending levels. If the federal government spent at 2019 levels this year, we would have a $388 billion surplus." The measure was defeated by a 67-29 vote. Faithful to their big government values, no Democrats backed the measure. However, 17 "fiscally conservative" Republicans voted against it: Blunt (MO), Boozman (AZ), Burr (NC), Capito (WV), Collins (ME), Cornyn (TX), Graham (SC), Inhofe (OK), McConnell (KY), Murkowski (AR), Portman (OH), Rounds (SD), Sasse (NE), Shelby (AL), Thune (SD), Tillis (NC) and Young (IN). Dodging Paul's intent to put everyone's true fiscal colors on the record, four Republicans skipped the vote altogether: Daines (MT), Moran (KS), Toomey (PA) and Wicker (MS). Things were already bleak, but the fiscal math is now taking a sharp turn for the worse. Today's rising interest rates translate into more money required just to cover interest payments. According to the Congressional Budget Office's latest baseline, interest expense will triple from nearly $400 billion in 2022 to $1.2 trillion in 2032—totaling $8.1 trillion over that horizon. As terrible as that sounds, it's going to be a major understatement. That's because CBO's Treasury rate assumptions are in the midst of being mugged by reality. For its baseline, CBO assumes the 3-month T-bill rate will average 0.9% this calendar year, but it's already spiked to 1.69%. Similarly, CBO assumes the 10-year will average 2.4% in 2022 and only rise to 3.8% ten years from now. It was 3.28% on Thursday. At least Rand Paul can say he tried.

To: Jamie153 who wrote (1363132)	6/17/2022 3:44:53 PM
From: Winfastorlose	4 Recommendations Recommended By D.Austin isopatch locogringo tntpal Read Replies (4) \| Respond to of 1584760

Poll: Biden disapproval hits new high as more Americans say they would vote for Trump

To: Jamie153 who wrote (1363132)	6/17/2022 4:01:09 PM
From: Maple MAGA	2 Recommendations Recommended By goldworldnet Woody_Nickels Read Replies (1) \| Respond to of 1584760

“The laws that were good for cats weren’t very good for mice” Mouseland was a place where all the little mice lived and played, were born and died. And they lived much the same as you and I do. They even had a Parliament. And every four years they had an election. Used to walk to the polls and cast their ballots. Some of them even got a ride to the polls. And got a ride for the next four years afterwards too. Just like you and me. And every time on election day all the little mice used to go to the ballot box and they used to elect a government. A government made up of big, fat, black cats. Now if you think it strange that mice should elect a government made up of cats, you just look at the history of Canada for the last ninety years and maybe you’ll see that they weren’t any stupider then we are. Good laws for cats Now I’m not saying anything against the cats. They were nice fellows. They conducted their government with dignity. They passed good laws—that is, laws that were good for cats. But the laws that were good for cats weren’t very good for mice. One of the laws said that mouse holes had to be big enough so a cat could get his paw in. Another law said that mice could only travel at certain speeds—so that a cat could get his breakfast without too much effort. All the laws were good laws, for cats. But, oh, they were hard on the mice. And life was getting harder and harder. And when the mice couldn’t put up with it any more, they decided that something had to be done about it. So they went en masse to the polls. They voted the black cats out. They put in the white cats. White cats, black cats Now the white cats had put up a terrific campaign. They said: “All that Mouseland needs is more vision.” They said: “The trouble with Mouseland is those round mouse holes we got. If you put us in we’ll establish square mouse holes.” And they did. And the square mouse holes were twice as big as the round mouse holes, and now the cat could get both paws in. And life was tougher then ever. And when they couldn’t take that anymore, they voted the white cats out and put the black ones in again. Then they went back to the white cats. Then to the black cats. They even tried half black and half white cats. And they called that coalition. They even got one government made up of cats with spots on them: they were cats that tried to make a noise like a mouse but ate like a cat. You see, my friends, the trouble wasn’t with the colour of the cat. The trouble was that they were cats. And because they were cats, they naturally looked after cats instead of mice. Vote for mice Presently there came along one little mouse who had an idea. My friends, watch out for the little fellow with an idea. And he said to the other mice, “Look, fellows, why do we keep electing a government made up of cats? Why don’t we elect a government made up of mice?” “Oh,” they said, “he’s a Bolshevik. Lock him up!” So they put him in jail. But I want to remind you: That you can lock up a mouse or a man but you can’t lock up an idea.

To: Jamie153 who wrote (1363132)	6/17/2022 4:04:36 PM
From: Maple MAGA	1 Recommendation Recommended By Broken_Clock Read Replies (1) \| Respond to of 1584760

There is unrest in the forest Trouble with the trees For the maples want more sunlight And the oaks ignore their pleas The trouble with the maples (And they're quite convinced they're right) They say the oaks are just too lofty And they grab up all the light But the oaks can't help their feelings If they like the way they're made And they wonder why the maples Can't be happy in their shade There is trouble in the forest And the creatures all have fled As the maples scream, "Oppression" And the oaks just shake their heads So the maples formed a union And demanded equal rights They say, "The oaks are just too greedy We will make them give us light" Now there's no more oak oppression For they passed a noble law And the trees are all kept equal By hatchet, axe, and saw