jrefior, to Economics
@jrefior@hachyderm.io avatar

Really interesting perspective from , blaming the 2008 financial crisis on the debt ceiling.

As they tell it: If we didn't have a debt ceiling, Fannie Mae wouldn't have been privatized, and wouldn't have facilitated massive investment in mortgage-backed securities, counting on the federal government to bail them out if the worst came to pass, which it did.
https://www.marketplace.org/2023/12/05/criticism-crashes-and-crises-revisiting-three-ghosts-of-debt-ceiling-battles-past/

debasisg, to washington
@debasisg@mstdn.social avatar

are paid to do nothing in . Worse, they will cause billions of dollars wasted by shutting down the government and causing civilians problems. All on the dollars!

[The Washington Post] U.S. braces for costly government in eight days
U.S. braces for costly government shutdown in eight days

https://www.washingtonpost.com/business/2023/09/22/us-braces-calamitous-costly-government-shutdown-eight-days/

kkarhan,
@kkarhan@mstdn.social avatar

@debasisg the sheer fact that the 's bs doesn't get it ranked C by makes these agencies untrustworthy.

No other nation on earth (ever!) allows parlament to declare a mandatory but not also approve necessary if needed.
https://www.youtube.com/watch?v=KIbkoop4AYE

GW, to random
@GW@newsie.social avatar

Progressives, Democrats Unleash on GOP Over Government Shutdown Chaos

"Extremists in Congress need to stop using our lives as bargaining chips," said AFSCME's president. "It's time for them to follow through on the promises they have already made to keep the government open"

Just 10 days away from a potential U.S. government shutdown, calls for bipartisan action to prevent it are mounting, as is outrage over Republicans in the House of Representatives

https://www.commondreams.org/news/government-shutdown-2023

kkarhan,
@kkarhan@mstdn.social avatar

@GW The whole bs needs to be abolished as this alone should get the rated C - tier in terms of .

After all, no other nation does this shit BECAUSE IT'S BULLSHIT!
https://www.youtube.com/watch?v=KIbkoop4AYE

GottaLaff, to random
@GottaLaff@mastodon.social avatar

Via The Recount:

Treasury Secretary Janet Yellen said today she “strongly disagrees” with downgrading the U.S. from AAA to AA+ and called it “puzzling” and “unwarranted”: “Its flawed assessment is based on outdated data and fails to reflect improvements across a range of indicators...” (Watch here)

JPMorgan Chase CEO Jamie Dimon today called the Fitch downgrade “ridiculous,” but said it “doesn’t really matter.” Dimon also said: “We should get rid of the .”

DoomsdaysCW, to climate
@DoomsdaysCW@kolektiva.social avatar

Supreme Court clears way for construction to proceed

By Ariane de Vogue and Ella Nilsen, CNN
Updated 2:06 PM EDT, Thu July 27, 2023

"The Supreme Court on Thursday cleared the way for construction of the controversial Mountain Valley Pipeline to proceed, granting an emergency request from backers of the project that has the support of Congress and the Biden administration.

"The justices agreed to lift lower court orders that froze construction of the project while legal challenges play out.

"The Supreme Court’s order is a victory for Sen. , a conservative Democrat who has championed the project and pushed for it during negotiations in June.

"In the brief order, the court offered no extensive reasoning and no dissents were noted.

"The order came as the White House announced new actions to combat -fueled extreme heat, which has been baking cities in the Southwest for weeks before moving Northeast on Thursday.

"Despite urging the administration to stop approving projects like the Pipeline, White House officials have been supportive of the pipeline since it was first introduced in Congress last year. More recently, administration officials including White House senior adviser and Energy Secretary voiced support this year for the pipeline’s approval.

"The White House did not immediately return CNN’s request for comment on the Supreme Court allowing the pipeline to proceed."

Read more:
https://www.cnn.com/2023/07/27/politics/supreme-court-mountain-valley-pipeline?cid=external-feeds_iluminar_msn

itnewsbot, to Health
@itnewsbot@schleuss.online avatar

CDC is slashing funding for states’ childhood vaccination data systems - Enlarge / A boy smiles as he gets a measles, mumps, and rubella (MMR) v... - https://arstechnica.com/?p=1951939 -vaccine -19

VeryBadLlama, to random
@VeryBadLlama@mas.to avatar

Canada: parliament passed the law, it's a law

UK: parliament passed the law, it's a law

USA: in an unexpected twist, deputy shadow-Governor Hurbensnurtz has used a rare 1798 loophole that allows him to rewrite the law so long as he is eating fudge on a horse on a Wednesday

kkarhan,
@kkarhan@mstdn.social avatar

@VeryBadLlama same with the / bs.

No other nation does this because if they did, rating agencies would rank then as trash-tier!
https://www.youtube.com/watch?v=KIbkoop4AYE

thekitmalone, to LGBTQ
@thekitmalone@hoosier.social avatar

Smaller Pride events in have always attracted some protest - typically local church folk who think they are out "preaching to the unsaved."

This year, they've gotten measurably darker. I'm hearing more slurs and threats.

Recently I worked a festival that was circled for hours by a man with AR-15
& full battle-rattle, calling us pedos and child mutilators.

This alarming escalation is due to increasingly vicious anti- political posturing.

People are following their leaders.

kkarhan,
@kkarhan@mstdn.social avatar

@hosford42 @thekitmalone But then again the also needs a lot more of updates.

For example, the whole bs should be abolished as it's the legislative equivalent of forcing someone to run through a minefield at gunpoint whilst being blindfolded and handcuffed.
https://www.youtube.com/watch?v=KIbkoop4AYE

shrugdealer, to random
@shrugdealer@kolektiva.social avatar

Yet another promise he can campaign on and not actually fulfill. Good thing there's not a real going on...

RT @latimes

Biden announces funding to combat climate change, raises campaign money, during swing through California https://www.latimes.com/california/story/2023-06-19/biden-visit-climate-holding-file

kkarhan,
@kkarhan@mstdn.social avatar

@shrugdealer OFC he can't - espechally not in a dysfunctional system like the where a minority can literally choke the entire nation and incapacitate it with archaic bs.

Something that NO OTUER NATION allows: in the sense that the Parlaments can enact a WITHOUT BEING OBLIGATED TO ALSO CONSENT TO ANY NECESSARY WITH IT...
https://www.youtube.com/watch?v=KIbkoop4AYE

IMHO the USA should be rated CCC just for that bs alone, cuz not even Somalia does that shit!

daveystew, to random
@daveystew@mstdn.social avatar

After threatening to force the government into default over the debt ceiling, Republican lawmakers Friday introduced new tax cuts that could add at least $21 billion to the national deficit over the next decade.
Three new GOP-backed bills would cut taxes for large companies, small businesses, and individual families while reducing clean energy tax incentives to pay for it.

spocko, to random
@spocko@mastodon.online avatar

just talked about the deal & Biden's success.

I wrote about celebrating Biden's win, why that is BORING & gets ignored.

We need to tell the stories about winning & crushing the RW to help our morale. Because Trump's use of is psychologically exhausting us.

Everything is delayed. No victory feels complete. FInancial judgements against him become a chance to fundraise. He talks like he never loses, so our thirst for justice isn't slaked.

https://crooksandliars.com/2023/06/exciting-story-bidens-victory-and-gops

Spocko on the Nicole Sandler show.

jchyip, to random
@jchyip@mastodon.online avatar
shades, to random
@shades@kolektiva.social avatar

by @ddayen in @theprospect:

"In the end, more Democrats approved the Fiscal Responsibility Act in the House and Senate than Republicans, despite the fact that the only members of Congress who negotiated the agreement directly were in the House GOP. In the name of averting default, this has pulled Democrats into supporting policies that House Republicans want to expand."

https://prospect.org/blogs-and-newsletters/tap/2023-06-05-democrats-vote-debt-ceiling-concessions/

spocko, to random
@spocko@mastodon.online avatar

I was watching SG-1 defeat the human & alien villains on PlutoTV last night.
I thought about Biden's victory over the GOP. I think it's important to celebrate the victories, even if the relief we feel doesn’t match the worry & anxiety we've been through.

psychologically exhausts people & how the media covers him is part of the exhaustion. I talked about this on @nicolesandler show.


https://www.spockosbrain.com/2023/06/03/the-exciting-story-of-bidens-victory-the-gops-defeat-spockosbrain/

Spocko on the Nicole Sandler Show talking about Biden's victory over the GOP

ivan18rod, to random
joemurph, to random

NEW: “Work-requirement proponents say the problem is unemployment, but nearly 4 out of 5 households in the SNAP program have at least one person working.”

https://www.nbcnews.com/data-graphics/data-work-requirements-food-benefits-snap-rcna86440

AliceMarshall, to random

The Deficit Myth is Hanging On for Dear Life
The old playbook is making a comeback. Democrats and Republics are closing in on a "debt" limit deal with the "Fiscal Responsibility Act"

https://stephaniekelton.substack.com/p/the-deficit-myth-is-hanging-on-for

NewsDesk, to random
@NewsDesk@flipboard.social avatar

The biggest policy changes in the U.S. debt ceiling deal, explained.

Vox explores "how the legislation to avert an economic crisis would affect student loans, food aid, the IRS, and more."

https://www.vox.com/policy/23742237/debt-ceiling-deal-explained-student-loans-snap-irs

GottaLaff, to random
@GottaLaff@mastodon.social avatar

6-1-23 Nicole Sandler Show – Thursdays with Howie Klein

https://media.zencastr.com/audio-files/5e0cc41aa9798f001400ff98/1188c516-70ec-4a96-a019-61a1fa83085a.mp3

The House passed the Biden-McCarthy debt ceiling deal last night with more Democratic than Republican votes. Was it a great deal? No. But did the Dems come out ahead of the Republicans? Without a doubt. Well, that's my take. As for what Howi
https://nicolesandler.com/6-1-23/

NewsDesk, to random
@NewsDesk@flipboard.social avatar

What role did Senate Minority Leader Mitch McConnell play in the debt-limit deal?

The AP explains his "shrink the room" advice to President Biden: https://apnews.com/article/president-joe-biden-kevin-mccarthy-debt-limit-aee6d1dd48f53bedadfe1212e231f48f

MugsysRapSheet, to random

NEWS: Senate passes bill.

jrefior, to random
@jrefior@hachyderm.io avatar

"The Mountain Valley Pipeline would stretch 303 miles, from West Virginia to North Carolina. It would cut through the Jefferson National Forest and cross hundreds of waterways and wetlands"
https://www.npr.org/2023/05/31/1179201992/mountain-valley-pipeline-west-virginia-debt-ceiling-deal

"Allowing this pipeline to move forward would accelerate climate change, in addition to the environmental destruction already caused by earlier construction."
https://www.nrdc.org/bio/michele-bustamante/mvp-pushed-forward-false-claims-need

robinbrenizer, to random

Joe , promise-keeper to America. He said he would deliver bipartisanship and he has delivered. https://washingtonmonthly.com/2023/06/01/the-debt-ceiling-deal-shows-joe-biden-is-a-normal-president-just-like-he-promised/

andrew, to law
@andrew@esq.social avatar

Thurs 6/1 - Debt Ceiling Deal, Oath Keepers Sentencing, SBF of FTX, Operation Fox Hunt and Chewy Chews on OSHA

We have a step forward in the #debtceiling deal, more #OathKeepers being sentenced, #SBF of #FTX tries a new defense, Operation Fox Hunt and #Chewy wins an #OSHA challenge.

#lawfedi @law

https://www.minimumcomp.com/p/thurs-61-debt-ceiling-deal-oath-keepers

Teri_Kanefield, to random

deleted_by_author

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  • grinningcat,

    @Npars01 @KatM @Teri_Kanefield should have directed the Treasury to ignore any as unconstitutional on its face, rather than make ANY concessions to domestic terrorists ().

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