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

To: Doren who wrote (1394186)	3/11/2023 8:33:27 AM
From: Land Shark	2 Recommendations Recommended By Doren pocotrader Respond to of 1578905

Powell should be locked up in a loony bin

To: Doren who wrote (1394186)	3/11/2023 9:36:08 AM
From: Sdgla	Respond to of 1578905

Freedom Caucus draws battle lines on debt ceiling Rep. Scott Perry and members of the House Freedom Caucus. Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images. The House Freedom Caucus on Friday released its list of prerequisites for cutting the federal budget in order for its members to support raising the debt ceiling. Why it matters: With Republicans holding a 5-seat House majority and a new rule giving any member the power to trigger a motion to remove the House speaker, these hardliners have considerable leverage to influence the budget process. Their votes on the debt ceiling could mean the difference between the U.S. continuing to be able to borrow money to pay off its debts and a potentially catastrophic default.The details: In a statement released Friday, the caucus listed the conditions for its members to "consider voting to raise the debt ceiling." Ending the Biden administration's $400 billion student loan forgiveness program.Rescinding unspent COVID relief funds.Clawing back funding for the IRS and climate change prevention in the Inflation Reduction Act.Instituting greater work requirements on welfare programs.Requiring congressional sign-off on all major federal regulations before they can go into effect.Finding "every dollar spent by Democrats that can be reclaimed for the American taxpayer."The big picture: The statement calls for significant across-the-board cuts in funding to federal agencies by capping spending at 2022 levels for the next 10 years. It's geared towards an eventual goal of balancing the budget – though Freedom Caucus Chair Scott Perry (R-Pa.) acknowledged the proposals don't quite reach the cuts needed to accomplish that."This is what we're willing to do with what's happening right now," Perry said at a press conference on Friday, adding that the current goal is "changing the trajectory" of the budget process to enable further cuts. What they're saying: Perry, flanked by more than a dozen of his Freedom Caucus colleagues, said President Biden's $6.8 trillion budget request is "not happening." Perry also expressed confidence that House Speaker Kevin McCarthy (R-Calif.) won't try to bypass their leverage by working across the aisle: "Speaker McCarthy is not going to cut a deal with Democrats.""We're not assuming that leadership is opposed to these thing," he told reporters, "What is objectionable here? ... this is all reasonable stuff." axios.com

To: Doren who wrote (1394186)	3/11/2023 9:50:50 AM
From: Sdgla	Respond to of 1578905

Norquist to Newsmax: Biden's $7T Budget Will 'Slow' Economy "The budget proposal issued today by President Biden would continue the reckless spending spree of the past two years, which has led to the largest rise in the cost of living in 40 years and a soaring national debt," Rep. Larry Bucshon, R-Ind., said in a statement. "Despite the fact that the federal government collected near-record revenues this past year, President Biden's budget calls for even more money to be taken from the wallets of Americans and businesses through new taxes. And yet the president's budget still would result in trillion-dollar deficits each year for as far as the eye can see. In short, President Biden's does nothing to curb Washington's spending addiction and address our looming debt crisis, which will result in American families and businesses on Main Street ultimately drowning in a sea of Washington's red ink."