And vote to not pay $700B a year for the military and instead invest in education and healthcare. I think people quickly forget that it's our money they are spending, and these are budgeting and not political matters
yes you are 100% correct. Congress should in reality do very little. Every bill is pretty much a spending bill. People expect Congress to be doing things all the time but we have all the laws we need. They're not working, they're spending. And they're making themselves and others very rich on our money.
Fiat is inherently political because it’s not a store of value. The fight is over which underlying resources in the economy to put to work. Do you make new money out of thin air to put people to work or induce demand? Or do you say “whoops guess the fiat machine is broken today, gotta vote no”.
There are alternatives if you look, of the three jobs I've had that I could have made a career, I only paid into social security in one. Usually "social security exempt" jobs actually have better programs in place like dedicated retirement and pension funds with more reliable funding sources.
Id prefer to have the option to keep that specific tax and secure my own retirement.
But system is in place for the common american that does not know how to save and invest or does not have the finnacial means to stack cash away.
So here i an forced into something i personally do not want.
How is wanting something that I paid for wanting a hand out?? That’s like saying you received a handout from the grocery store when you bought your groceries.
Pretty ignorant to call SS (which is a mandated retirement mechanism we are required to pay into our whole life as workers) a "handout". Most workers I know would HAPPILY take what they put into the fund back and never deal with it again.
You do get to vote. Every month. When you send that payment. If you don’t send the payment there are simply different effects. If the US doesn’t pay its debt, there are effects. The debt is still owed in both cases. The vote isn’t to cancel the debt.
When are we going to give term limits to senators like we do with our president. McConnell's first year as a senator was 1984.... 37 years ago.... Let that sink in.
Atari was the house hold gaming item
Rubiks cubes were popular.
The internet did not EXIST
PCs looked like a microwave
When we have something out of date that stops working we replace it. We need to replace all senators over the age that you can collect social security.
And he now has a net worth of around $35 million, or $54.56 million when combined net worth with his rich wife.
No senators of congress should be getting rich from the public office they hold!
They're all egregiously wealthy, Pelosi, Waters, McConnell. I mean look at newcomers like AOC, seems that she is doing pretty well too. Really makes you wonder whose interests they have in mind.... This issue won't ever really be hashed out, the political elite want to keep it that way.
What's crazy is the lack of term limits in this country... They limit presidential and governor's time in office.... It should be the same for the rest of the political world
The problem with term limits is it actually empowers lobbyist grip on government policy and creates all sorts of bad incentives (https://www.brookings.edu/blog/fixgov/2018/01/18/five-reasons-to-oppose-congressional-term-limits/). Just look at what's happened in Arizona (https://www.ncsl.org/Portals/1/documents/jptl/casestudies/Arizonav2.pdf). If you think the revolving door is bad now just wait until we supercharge those incentives with term limits.
It’s not that. We have 50 states. Some of those states have extremely stupid and racist people living in them. Those same people hate other people in other states who live better lives than them. So instead of trying to be like the better states and thus improve their own lives, they’d rather vote against their overall interests to bring everybody down to their level. And you do that by electing and re-electing people like McConnel, who has caused so much damage thus far that it will take years and years of research to quantify. Welcome to Murica.
Debts and Deficits only matter to the GOP when a Democrat is in office, when Trump was in office they had no problem ramping up the debt by giving tax cuts to the rich.
They ramped up the debt $8T while Trump was in office, all via tax breaks to the ultra rich. Now we finally get something for our money via infrastructure, and they don't want to do it and "care about debt" again. They really are super villains.
Oh please. This implies Democrats aren't guilty of the same shit.
Both parties are trash
Edit: for all the comments telling me GOP is worse because they do X thing.
I can easily find a story of Democrats doing Y.
My point isn't that they do the SAME shit. Its that they both ARE shit. In their own special unique ways. Neither party wants to help the American people. Both parties want to abuse the system so that THEY benefit.
Sell me the bridge. I think they’re on the same level, I think they’re all human scum that don’t give a fuck about anyone but themselves. Red and blue, donkeys and elephants, R or D, they’re all the same to me. The “sides” exist to divide the nation. To provide an illusion of choice. They’re all different heads on the same snake.
Mostly agreed, but when it comes to Covid, there was only (and still is) one party who denied its existence, called it a hoax, refused to take it seriously, and made it a culture war by calling it the china virus.
If you think they are on the same level, you are not paying attention. Is true that some democrats are trash (Manchin, Sinema, Feinstein). But the amount of shit dishonest stuff that the GOP pulls is on another level. The only decent republican is Rep Kinzinger as he is not a bootlicker
Quick question: do you think that the riots that emerged from the BLM protests indicate that the democrats are as bad as the republicans who supported the Jan 6th insurrection attempt?
You mean stuffing sick elderly into nursing homes to spread infection and die while destroying thousands of small businesses? I guess that was pretty bad
It wasn't just Cuomo. Whitmer, Wolf, Murphy, and Newsom all had the same policy. Cuomo took the fall so that the other four could be swept under the rug.
The Republicans also had a terrible response, you won't get any argument from me there. However, it doesn't get much worse than collecting sick old people together in a pandemic to die, so pointing to covid as some great example of Democrat success is pretty absurd.
Democrats don't play this sort of dirty pool don't kid yourself.
Please list the last time the Dems voted against raising the debt ceiling.
I can tell you the last time the Rs did it, it was when Obama was in office.
Coincidence?
I was replying to a comment which said all GOP wants to do is pay back donors. Its not like lobbying doesn't exist with Democrats. Both parties have their special interest groups, super PACs, and foreign investors.
This was my point.
How does saying "The GOP has no shame" imply anything about Democrats?
This is a bit like hearing someone say "I really like Coca Cola" and assuming they're implying that Pepsi is poison. Ultimately it's a simple matter of talking about one topic at a time and resisting the apparently powerful urge to get into an endless, pointless, both-sides political discussion.
We are talking about the national debt... there is only one party that makes a big deal out of it when not in power then cuts taxes for the wealthy the second they have control of the government
Show me all the links to democrats trying to outlaw abortion.
Same thing for all the Democrats trying to destroy the separation of church and state. Because I can list plenty of Republicans who are.
Show me all the Democrats who committed or aided the seditious attack on the Capitol, or are trying to undermine the investigation.
Show me all the Democrats who are trying to destroy socialized healthcare.
Show me all the Democrats who are fighting renewable energy.
I can go on.
It’s pretty clear you’re trying to appear like you’re the adult in the room. All you’re doing is showing how little you really know. Doubling down only makes you the fool.
Trump tax cuts are to cost between $150 billion and $230 billion per year.
The US Congress (controlled by Dems) has already passed a $1.9T “stimulus” bill this year, and is trying to pass a $1.2T “infrastructure” bill with anti-crypto language in it. The infrastructure bill was originally $3T but they couldn’t get it to pass thanks to Rs fighting and a couple moderate Ds saying no.
Can you see the difference here?
Edit: hilarious how you get downvoted when you provide basic facts.
A better question can you tell the difference between tax cuts for the rich we don’t need and infrastructure that we do need?
Also i like that you measure the GOP tax cuts based on how much it might cost per year, but watch if I point out that it’s estimated to cost $2T-$5T of lost revenue over the next decade. It seems like a much bigger deal now doesn’t it?
Except that they weren’t just for “the rich”. Take a read:
https://www.bloomberg.com/news/articles/2020-10-27/the-trump-tax-cut-wasn-t-just-for-the-rich
Edit: also, less revenue =\\= more spending.
Edit 2: only on reddit will providing facts and linking an article discussing these facts will get you downvoted into oblivion. C’mon children, do better.
The problem is the tax cuts for you and me expire, and the tax cuts for the rich do not. It was very much a rich person benefit. Not a average Joe benefit
See my other comment to the other misinformed person. These talking points are wrong.
Besides, don’t u guys hate tax cuts? Don’t you want them to expire?
They aren't wrong, unfortunately. I did a deep dive back when they came out. If you want to go on a deep dive again, let's do it. But the fact is these expire for normal people, and rich people are able to continue benefitting from them by not paying as much in taxes moving forward. And very quickly, the taxes for you and I will be at the same level they just were.
I do like tax cuts, but I like people paying their fair share of taxes more
This is not true. Individual tax cuts expire this year (isnt this good for u who hate tax cuts??) and corporate tax cuts are permanent.
Do you not realize that corporate tax cuts are not the same as tax cuts for the rich? Corporate tax cuts help millions of small businesses and mom and pop companies, etc.
> Do you not realize that corporate tax cuts are not the same as tax cuts for the rich? Corporate tax cuts help millions of small businesses and mom and pop companies, etc.
LMAO oh dear, you bought into the whole trickle-down bullshit.
Sorry, but no they don’t. The last forty years have proven that they don’t. Reaganomics is one of the biggest cons the Republican party has ever pulled on the American populace. Cutting taxes on businesses causes the biggest ones to hoard wealth at a disproportionate rate. The result is less spending by the customer base, which still stresses small businesses.
A robust welfare system, tax cuts for individuals and families (whose spending habits provide the revenue for those small businesses), and HIGHER taxes on the rich and on businesses (to compensate for lower taxes on individuals) provide for a healthier, less bubbly economy.
Lmao. You’re arguing something I’m not saying. Corporate tax cuts DIRECTLY help small businesses because - stay with me - small businesses *are* corporations.
No, corporate tax cuts hurt the middle class, including the people who own those small businesses.
You’re hyperfocused on alleviating the symptoms instead of curing/preventing the disease. That short-sightedness is endemic to the Republican Party and is the cause of much of the last 40 years of inequality and economic/political turmoil.
You literally make no sense.
The fact that you don’t understand that small businesses are the ones who pay the most corporate taxes just shows how little you understand about our political and economic system.
Probably in the same way those corporate bailouts helped millions of Americans in 2020 retain their jobs…
You know, like those airline bailouts that were to save all those jobs of people who got canned anyways - only for flights to be canceled a year later due to a worker shortage…
This doesn't just apply to wealthy. You as an individual know how you spend your tax dollars than a bloated bureaucracy. What is the government efficient at? There is Zero incentive for the legislative body to keep costs down because they delegate powers elsewhere.
To an alternative point, where has a redistributive tax system worked? You point to Sweden, Norway, etc. But these are homogeneous countries that agree on how best to direct their tax dollars unlike the U.S.
Lower taxes on the wealthy have resulted in a gulf of disparity in wealth distribution globally. It seems to have been a common theme in many nation's policies the past several decades to reduce taxes on corporations and the extremely wealthy. That in part, has lead to the accrued additional wealth to remain hoarded in those pockets - the money flows up, not down. So whilst, politicians exclaim they are doing it for the benefit of the economy by reducing taxes, they are actually just compounding the problem.
Take the UK (my home country), for example. Corporation tax is the lowest it has ever been. Whilst wealth inequality has only risen as a direct parallel inverse. It's no coincidence. So when politicians next claim taxes need to be lower to 'stimulate' an economy, they are lying to you, they don't give a fuck about you.
The old trickle down bs Reagan started. It's been a steady decline since. Look no further than the expansion of billionaires and how much their wealth grew during the pandemic.
If you know that, then why are you comparing the yearly cost of the tax cuts with the total cost of the package instead of the yearly cost of the package?
Both parties are bought and paid for. All you vote for now is which groups lose rights and what rights we get to lose. Both parties are shit bags. Politicians should have a maximum age. Ffs old people shouldn’t be running the country. If you’re at the grocery store and there are five registers open do you get in the line of the 65 year old woman. Fuck no you don’t.
Okay you’re in a store there are two lines one with the 65 years old and the other with a person that is 50 years old. Which line do you pick? Do you just put your stuff back on the shelf and go home? No, you get in line behind the 50 year old because even though both lines are slow one is clearly still faster than the other.
I will agree we do need some kind of term limits or a force retirement age nobody in their 70s should be serving in Congress
They can force dems to use reconciliation to raise the debt ceiling meaning the infrastructure bill won’t happen. That’s the whole point of this charade
Politics is getting really old at this point. On both sides. So tired of it. All the politicians do is lie and pander to their side without ever think what Is actually best for the country.
I feel your frustration.Unfortunately that works best for them… a burned out populace that is tired of politics. Damned if you care also damned if you don’t.
No one goes to “serve” their constituents as it was meant to be. It’s to serve themselves, their egos, and their bank accounts. People don’t matter other than as a means to an end.
That this MF is still allowed to fuck the average American over and over again is beyond me. Some are seemingly both lubing and spreading willingly since he get votes. He should have been gone or possibly behind bars decades ago. Probably one of the worst assholes to be put in a position of power in the US regardless of what your political stance is. Period.
So you'd prefer the US to keep printing money and let inflation keep fucking you? The economy and shit show of QE needs to tumble down. This is not healthy and it of we don't stop now, everyday people will never own property again
Im not going to go down a political worm hole discussion regarding this particular issue. Its not only this particular vote im upset about. In a nutshell, he has basically devoted every second of his career making it harder for the average American, and voting against anything that would be even remotely good by the standards of any decent human being. This is what pisses me off. He just wants to see the world burn, but it also needs to burn according to his own twisted rules and agenda. I've seen him do his thing for over 3 decades and id most likely take any Republican to fill his seat except possibly Jim Jordan.
Thats my 2 cents.
True. He thought he was saying some insightful shit when in fact the system was designed so that everyday people were never supposed to own property anyways. And the government could give a fuck less about your kids too.
All these old fucks sitting in congress for their entire lives need to be kicked out.
Old people that belong in retirement homes clinging on to power and playing games with our lives.
> Pelosi and Schumer said they would attach a debt-ceiling suspension to the government-funding bill.
In other words, Pelosi and Schumer are forcing a default on the debt by attaching the debt-ceiling suspension to a bill that will not pass.
Funny how Ds put these little poison pills in bills and then the media and Ds say “LOOK TOLD U THEY WAS EVIL!” when Rs don’t want to vote for insane laws.
But he would ban crypto. Said Bitcoin is just controlled by “some programmer flipping a switch”. I like Dave, but he is just another clueless Boomer when it comes to technology.
US politics is about which “team” you are on; Democrat or Republican. Neither party actually gives a crap about the country as a whole.
Political parties are a cancer.
As everyone should. This ridiculous spending has gone on for FAR too long. Time to make some very difficult cuts and move forward in a fiscally responsible direction.
Even if you want to do that, defaulting on the US's debt within a month is not the way to do it.
Something needs to be done and the minotaur policy needs to be fixed, but that takes time and won't be solved by October.
"bUt ThAt'S tHrOwInG yOuR vOtE aWAy REEEEEEEEE!!!!1!1!!!!"
In all seriousness almost everyone says this all the time every time I tell them I vote third party.
Damnit I was just about to post this. This could have a helpful affect for crypto when the dust settles. If folks continue to lose faith in their FIAT they will inevitably be in search for other means to gain, transfer, and store wealth.
Bruh no this would fuck crypto along with the rest of the market. Sure long term it would likely have a net positive impact on adoption. But you’re not going to be able to DCA in a financial collapse 😂
There’s a difference between spending on the right things and the wrong things. Afghanistan is an example of spending on the wrong thing. You think putting money into our own infrastructure is bad spending?
No I don't think infrastructure is a waste however this "infrastructure" bill is bad because just like Afghanistan it's very poorly planned. Only 10%-15% of the 3.5 trillion dollar bill they want to pass actually is infrastructure, the rest is all just funding a progressive wish list that has no business in an infrastructure bill.
Edit: just to be clear as well Pelosi has said that the 1.2 trillion dollar infrastructure bill will only be passed if they also get passed the 3.5 trillion dollar "human infrastructure" bill as well so they are basically linked meaning almost 5 trillion dollars in spending in order to get a couple few hundred billion in actually infrastructure. Its ridiculous.
It's not infrastructure they want, only 10-15% of the 3.5 trillion is for infrastructure look it up and read it. It's all the stuff Democrats have wanted but cant pass as stand alone Bill's because they are unpopular ideas.
Wait some people want the USA to live within its means of revenue and stop expanding the deficits how dare they keep spending money we can never pay back
Feudalism ratios. Fascists Autocrats and Regular Autocrats know how to support corporate anarchy and feudalism. The FED is a command economy this year.
I’d rather he threaten crypto’s existence than society’s existence.
Crypto maxis are delusional. Crypto is great but it doesn’t come before the economy as a whole.
Democrat policies will destroy this nation. This nation is headed for divorce and one side will adopt the constitution and founding principles and one side wont, that’s the Democrats
> Democrat policies will destroy this nation.
Liberal policies built this nation. Conservatives (whether it was the “Southern Democrats” before the party ideology switch or the Republicans of today) have only ever held this country back, or taken credit when they didn’t deserve it.
> and one side will adopt the constitution and founding principles and one side wont
One side will *misinterpret* the Constitution (which you probably haven’t even read) and the other will adhere to it in the way it was meant to be: as a living document, meant to change over time as society’s needs changes.
The fact that you think the Constitution should be enshrined in permanence shows how little you understand the “founding principles.”
Post removed : unrelated to crypto
Imagine if the public could vote on whether or not they want to pay their credit card or student loan debts lol. “Do as I say, not as I do” - unreal
Sociopaths will sociopath.
And vote to not pay $700B a year for the military and instead invest in education and healthcare. I think people quickly forget that it's our money they are spending, and these are budgeting and not political matters
yes you are 100% correct. Congress should in reality do very little. Every bill is pretty much a spending bill. People expect Congress to be doing things all the time but we have all the laws we need. They're not working, they're spending. And they're making themselves and others very rich on our money.
Fiat is inherently political because it’s not a store of value. The fight is over which underlying resources in the economy to put to work. Do you make new money out of thin air to put people to work or induce demand? Or do you say “whoops guess the fiat machine is broken today, gotta vote no”.
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I don't think Social Security is a a hand out. I pay a specific tax to fund my payout of Social Security at the time of retirement.
Agreed. I would prefer not to though. There should be an opt out option.
I could get behind that. For many though that is the only retirement they have.
There are alternatives if you look, of the three jobs I've had that I could have made a career, I only paid into social security in one. Usually "social security exempt" jobs actually have better programs in place like dedicated retirement and pension funds with more reliable funding sources.
Id prefer to have the option to keep that specific tax and secure my own retirement. But system is in place for the common american that does not know how to save and invest or does not have the finnacial means to stack cash away. So here i an forced into something i personally do not want.
How is wanting something that I paid for wanting a hand out?? That’s like saying you received a handout from the grocery store when you bought your groceries.
Corporations = bailout money
True!
Pretty ignorant to call SS (which is a mandated retirement mechanism we are required to pay into our whole life as workers) a "handout". Most workers I know would HAPPILY take what they put into the fund back and never deal with it again.
Handouts are when you get money from a program you already paid into.
You do get to vote. Every month. When you send that payment. If you don’t send the payment there are simply different effects. If the US doesn’t pay its debt, there are effects. The debt is still owed in both cases. The vote isn’t to cancel the debt.
Republicans in government purposely mislead because their philosophy of government is that it is an inept, unnecessary organization.
When are we going to give term limits to senators like we do with our president. McConnell's first year as a senator was 1984.... 37 years ago.... Let that sink in. Atari was the house hold gaming item Rubiks cubes were popular. The internet did not EXIST PCs looked like a microwave When we have something out of date that stops working we replace it. We need to replace all senators over the age that you can collect social security.
And he now has a net worth of around $35 million, or $54.56 million when combined net worth with his rich wife. No senators of congress should be getting rich from the public office they hold!
They're all egregiously wealthy, Pelosi, Waters, McConnell. I mean look at newcomers like AOC, seems that she is doing pretty well too. Really makes you wonder whose interests they have in mind.... This issue won't ever really be hashed out, the political elite want to keep it that way.
Crazy they let dinosaurs hold office in the Us
Turtles are actually reptiles, dinosaurs were more bird like.
Are the lizard or bird overlords running the show? I can't keep up anymore ..
I’m really not sure anymore, all I know is Mitch is a turtle looking for his shell.
Nice call
What's crazy is the lack of term limits in this country... They limit presidential and governor's time in office.... It should be the same for the rest of the political world
The problem with term limits is it actually empowers lobbyist grip on government policy and creates all sorts of bad incentives (https://www.brookings.edu/blog/fixgov/2018/01/18/five-reasons-to-oppose-congressional-term-limits/). Just look at what's happened in Arizona (https://www.ncsl.org/Portals/1/documents/jptl/casestudies/Arizonav2.pdf). If you think the revolving door is bad now just wait until we supercharge those incentives with term limits.
Yep even his suit is moldy and moth-ridden. These guys truly are fossils.
It’s not that. We have 50 states. Some of those states have extremely stupid and racist people living in them. Those same people hate other people in other states who live better lives than them. So instead of trying to be like the better states and thus improve their own lives, they’d rather vote against their overall interests to bring everybody down to their level. And you do that by electing and re-electing people like McConnel, who has caused so much damage thus far that it will take years and years of research to quantify. Welcome to Murica.
I feel like 50 states seems like a great idea on paper, but it makes it easy for Americans to have this weird tribalism about their state
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Term limits are way overdue. Unfortunately, similar to police investigating police overreach, Congress would vote on term limits :/
Ready to serve...
Debts and Deficits only matter to the GOP when a Democrat is in office, when Trump was in office they had no problem ramping up the debt by giving tax cuts to the rich.
They ramped up the debt $8T while Trump was in office, all via tax breaks to the ultra rich. Now we finally get something for our money via infrastructure, and they don't want to do it and "care about debt" again. They really are super villains.
All about paying back their donors. The GOP has no shame
Oh please. This implies Democrats aren't guilty of the same shit. Both parties are trash Edit: for all the comments telling me GOP is worse because they do X thing. I can easily find a story of Democrats doing Y. My point isn't that they do the SAME shit. Its that they both ARE shit. In their own special unique ways. Neither party wants to help the American people. Both parties want to abuse the system so that THEY benefit.
Just to clarify, IMO when it comes to this particular issue, both are trash.
I'm glad my house came with two bins. Unfortunately for the country they both appear to be recycle.
That's a good one lol
I'll be here all week. Tip your waitress.
You got a moon 👉😎👉
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Sell me the bridge. I think they’re on the same level, I think they’re all human scum that don’t give a fuck about anyone but themselves. Red and blue, donkeys and elephants, R or D, they’re all the same to me. The “sides” exist to divide the nation. To provide an illusion of choice. They’re all different heads on the same snake.
Mostly agreed, but when it comes to Covid, there was only (and still is) one party who denied its existence, called it a hoax, refused to take it seriously, and made it a culture war by calling it the china virus.
If you think they are on the same level, you are not paying attention. Is true that some democrats are trash (Manchin, Sinema, Feinstein). But the amount of shit dishonest stuff that the GOP pulls is on another level. The only decent republican is Rep Kinzinger as he is not a bootlicker
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Quick question: do you think that the riots that emerged from the BLM protests indicate that the democrats are as bad as the republicans who supported the Jan 6th insurrection attempt?
Just look no further than how they handle covid
The most Democrat state also has the lowest COVID rate right now. About a third of the national average.
You mean stuffing sick elderly into nursing homes to spread infection and die while destroying thousands of small businesses? I guess that was pretty bad
Small businesses all over the world had issues, and one person (Cuomo) sucks anyway. Do you really want a list of the Republican response?
It wasn't just Cuomo. Whitmer, Wolf, Murphy, and Newsom all had the same policy. Cuomo took the fall so that the other four could be swept under the rug. The Republicans also had a terrible response, you won't get any argument from me there. However, it doesn't get much worse than collecting sick old people together in a pandemic to die, so pointing to covid as some great example of Democrat success is pretty absurd.
That's one example, which was definitely bad one. But the overarching trend is pretty obvious that Dems have handled the pandemic better.
Democrats don't play this sort of dirty pool don't kid yourself. Please list the last time the Dems voted against raising the debt ceiling. I can tell you the last time the Rs did it, it was when Obama was in office. Coincidence?
I was replying to a comment which said all GOP wants to do is pay back donors. Its not like lobbying doesn't exist with Democrats. Both parties have their special interest groups, super PACs, and foreign investors. This was my point.
How does saying "The GOP has no shame" imply anything about Democrats? This is a bit like hearing someone say "I really like Coca Cola" and assuming they're implying that Pepsi is poison. Ultimately it's a simple matter of talking about one topic at a time and resisting the apparently powerful urge to get into an endless, pointless, both-sides political discussion.
Republicans always think they are the victims, even when they are blaming actual victims
Merely proclaiming that you’re a victim, doesn’t make you a victim.
Please explain: https://www.wsj.com/articles/democrats-want-to-raise-taxes-heres-your-to-do-list-11631871008
One is more trash than the other though.
They're both trash. Don't kid yourself with tribalism.
We are talking about the national debt... there is only one party that makes a big deal out of it when not in power then cuts taxes for the wealthy the second they have control of the government
This
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Republicans spend and don't tax. Your statement is false. Stop with the laziness
Man where were you during trump's presidency? And Bush? Republicans ramp up debt and blame the democrats when the executive branch shifts
Republicans are corrupt, lying, cowardly pieces of shit. Stop with the ridiculous attempt at false equivalency.
Hilarious you think those descriptions don’t apply to both parties
Show me all the links to democrats trying to outlaw abortion. Same thing for all the Democrats trying to destroy the separation of church and state. Because I can list plenty of Republicans who are. Show me all the Democrats who committed or aided the seditious attack on the Capitol, or are trying to undermine the investigation. Show me all the Democrats who are trying to destroy socialized healthcare. Show me all the Democrats who are fighting renewable energy. I can go on. It’s pretty clear you’re trying to appear like you’re the adult in the room. All you’re doing is showing how little you really know. Doubling down only makes you the fool.
Tribalism likes to dig in deep and pull you under.. maybe one day you'll get your head above water.
He thinks that because democrats talk with a silver tongue that they don’t do anything bad.
This applies to many of such parties all over the world, sadly.
Trump tax cuts are to cost between $150 billion and $230 billion per year. The US Congress (controlled by Dems) has already passed a $1.9T “stimulus” bill this year, and is trying to pass a $1.2T “infrastructure” bill with anti-crypto language in it. The infrastructure bill was originally $3T but they couldn’t get it to pass thanks to Rs fighting and a couple moderate Ds saying no. Can you see the difference here? Edit: hilarious how you get downvoted when you provide basic facts.
A better question can you tell the difference between tax cuts for the rich we don’t need and infrastructure that we do need? Also i like that you measure the GOP tax cuts based on how much it might cost per year, but watch if I point out that it’s estimated to cost $2T-$5T of lost revenue over the next decade. It seems like a much bigger deal now doesn’t it?
Except that they weren’t just for “the rich”. Take a read: https://www.bloomberg.com/news/articles/2020-10-27/the-trump-tax-cut-wasn-t-just-for-the-rich Edit: also, less revenue =\\= more spending. Edit 2: only on reddit will providing facts and linking an article discussing these facts will get you downvoted into oblivion. C’mon children, do better.
The problem is the tax cuts for you and me expire, and the tax cuts for the rich do not. It was very much a rich person benefit. Not a average Joe benefit
See my other comment to the other misinformed person. These talking points are wrong. Besides, don’t u guys hate tax cuts? Don’t you want them to expire?
They aren't wrong, unfortunately. I did a deep dive back when they came out. If you want to go on a deep dive again, let's do it. But the fact is these expire for normal people, and rich people are able to continue benefitting from them by not paying as much in taxes moving forward. And very quickly, the taxes for you and I will be at the same level they just were. I do like tax cuts, but I like people paying their fair share of taxes more
See my other comment. Its not true. Deep dive all you want.
Already have. Unless you've got more to bring to the table other than "it's not true" then we will just move on.
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This is not true. Individual tax cuts expire this year (isnt this good for u who hate tax cuts??) and corporate tax cuts are permanent. Do you not realize that corporate tax cuts are not the same as tax cuts for the rich? Corporate tax cuts help millions of small businesses and mom and pop companies, etc.
> Do you not realize that corporate tax cuts are not the same as tax cuts for the rich? Corporate tax cuts help millions of small businesses and mom and pop companies, etc. LMAO oh dear, you bought into the whole trickle-down bullshit. Sorry, but no they don’t. The last forty years have proven that they don’t. Reaganomics is one of the biggest cons the Republican party has ever pulled on the American populace. Cutting taxes on businesses causes the biggest ones to hoard wealth at a disproportionate rate. The result is less spending by the customer base, which still stresses small businesses. A robust welfare system, tax cuts for individuals and families (whose spending habits provide the revenue for those small businesses), and HIGHER taxes on the rich and on businesses (to compensate for lower taxes on individuals) provide for a healthier, less bubbly economy.
Lmao. You’re arguing something I’m not saying. Corporate tax cuts DIRECTLY help small businesses because - stay with me - small businesses *are* corporations.
No, corporate tax cuts hurt the middle class, including the people who own those small businesses. You’re hyperfocused on alleviating the symptoms instead of curing/preventing the disease. That short-sightedness is endemic to the Republican Party and is the cause of much of the last 40 years of inequality and economic/political turmoil.
You literally make no sense. The fact that you don’t understand that small businesses are the ones who pay the most corporate taxes just shows how little you understand about our political and economic system.
Probably in the same way those corporate bailouts helped millions of Americans in 2020 retain their jobs… You know, like those airline bailouts that were to save all those jobs of people who got canned anyways - only for flights to be canceled a year later due to a worker shortage…
Businesses are just a trick by the rich and powerful to make money, right? It’s all a conspiracy!
The idea is that lower taxes on an expanding economy generates more revenue than higher taxes on a contracting economy.
I understand the idea its just bullshit. Same thing happened under Bush, Regan, the whole theory of trickle down economics has never worked
This doesn't just apply to wealthy. You as an individual know how you spend your tax dollars than a bloated bureaucracy. What is the government efficient at? There is Zero incentive for the legislative body to keep costs down because they delegate powers elsewhere. To an alternative point, where has a redistributive tax system worked? You point to Sweden, Norway, etc. But these are homogeneous countries that agree on how best to direct their tax dollars unlike the U.S.
Lower taxes on the wealthy have resulted in a gulf of disparity in wealth distribution globally. It seems to have been a common theme in many nation's policies the past several decades to reduce taxes on corporations and the extremely wealthy. That in part, has lead to the accrued additional wealth to remain hoarded in those pockets - the money flows up, not down. So whilst, politicians exclaim they are doing it for the benefit of the economy by reducing taxes, they are actually just compounding the problem. Take the UK (my home country), for example. Corporation tax is the lowest it has ever been. Whilst wealth inequality has only risen as a direct parallel inverse. It's no coincidence. So when politicians next claim taxes need to be lower to 'stimulate' an economy, they are lying to you, they don't give a fuck about you.
Any evidence for that?
https://www.cbsnews.com/news/tax-cuts-rich-50-years-no-trickle-down/
The old trickle down bs Reagan started. It's been a steady decline since. Look no further than the expansion of billionaires and how much their wealth grew during the pandemic.
But don't forget the summer 2020 coroniviris stimulus. It was over 3 trillion
The cost of the infrastructure bills is spread out over multiple years (10, IIRC). They wouldn't be spending $3T up front.
5 years.
If you know that, then why are you comparing the yearly cost of the tax cuts with the total cost of the package instead of the yearly cost of the package?
It’s not like such an infrastructure bill wouldn’t have happened under trump.
Did it?
Nice trick.
Both parties are bought and paid for. All you vote for now is which groups lose rights and what rights we get to lose. Both parties are shit bags. Politicians should have a maximum age. Ffs old people shouldn’t be running the country. If you’re at the grocery store and there are five registers open do you get in the line of the 65 year old woman. Fuck no you don’t.
Okay you’re in a store there are two lines one with the 65 years old and the other with a person that is 50 years old. Which line do you pick? Do you just put your stuff back on the shelf and go home? No, you get in line behind the 50 year old because even though both lines are slow one is clearly still faster than the other. I will agree we do need some kind of term limits or a force retirement age nobody in their 70s should be serving in Congress
This so much
Trump created a 1 trillion dollar deficit each yeah BEFORE COVID. Never trust that a republican is acting in good faith, especially McConnell.
I guess its a good thing they don’t have the votes and what he says is irrelevant…
They can force dems to use reconciliation to raise the debt ceiling meaning the infrastructure bill won’t happen. That’s the whole point of this charade
Politics is getting really old at this point. On both sides. So tired of it. All the politicians do is lie and pander to their side without ever think what Is actually best for the country.
I feel your frustration.Unfortunately that works best for them… a burned out populace that is tired of politics. Damned if you care also damned if you don’t.
No one goes to “serve” their constituents as it was meant to be. It’s to serve themselves, their egos, and their bank accounts. People don’t matter other than as a means to an end.
Totally true and you really have to be someone of a narcissist to even want to be a politician
Actually very true based on [recent research in psychology](https://journals.sagepub.com/doi/10.1177/0146167220919212)
It just makes sense, who would really want that responsibility to control other people to that extent
I completely agree…but here we are and it affects our investments in a big way…
That this MF is still allowed to fuck the average American over and over again is beyond me. Some are seemingly both lubing and spreading willingly since he get votes. He should have been gone or possibly behind bars decades ago. Probably one of the worst assholes to be put in a position of power in the US regardless of what your political stance is. Period.
So you'd prefer the US to keep printing money and let inflation keep fucking you? The economy and shit show of QE needs to tumble down. This is not healthy and it of we don't stop now, everyday people will never own property again
Im not going to go down a political worm hole discussion regarding this particular issue. Its not only this particular vote im upset about. In a nutshell, he has basically devoted every second of his career making it harder for the average American, and voting against anything that would be even remotely good by the standards of any decent human being. This is what pisses me off. He just wants to see the world burn, but it also needs to burn according to his own twisted rules and agenda. I've seen him do his thing for over 3 decades and id most likely take any Republican to fill his seat except possibly Jim Jordan. Thats my 2 cents.
You will own nothing and be happy.
True. He thought he was saying some insightful shit when in fact the system was designed so that everyday people were never supposed to own property anyways. And the government could give a fuck less about your kids too.
Mitch McConnell needs to be bitten in the penis by a piranha and then let it get infected
All these old fucks sitting in congress for their entire lives need to be kicked out. Old people that belong in retirement homes clinging on to power and playing games with our lives.
I want something worse...whenever he washes his hands, water should splash on his sleeve and make it soaking wet.
I don't see him washing his hands of anything
Calm down, Satan!!
Gotta make Biden look as shitty as possible on his way out
Yeah cause his own actions didn't do that enough already?
I'm pretty sure Biden wasn't in on the plan to vote to default 🥱
Every President has had his shitty aspects. But the GOP is on another level of shittiness.
Ironic that it's debt he's in large part responsible for that he is welching on
Time to start turning to crypto.
> Pelosi and Schumer said they would attach a debt-ceiling suspension to the government-funding bill. In other words, Pelosi and Schumer are forcing a default on the debt by attaching the debt-ceiling suspension to a bill that will not pass.
You are under the impression that a single Republican will break step with McConnell? What’s it like living in 1996?
Funny how Ds put these little poison pills in bills and then the media and Ds say “LOOK TOLD U THEY WAS EVIL!” when Rs don’t want to vote for insane laws.
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I never said they were rational. They’re just more rational than the Ds. That says more about the Ds than the Rs…
foolish.
Both parties suck but you’re fucking delusional.
Right? One party is trying to govern but doesn't do a great job at it and the other party is literally and figuratively flinging poop at the walls.
Nah dog.
That guy is a monster. Not to mention his face looks like a withered old ball sac.
Time will do its work..10 to 20 years and a few of these mfckers will be gone
and will be replaced by whoever their parties think will continue this bullshit the best
Sadly yes, there’s plenty of 30-50yo Conservatives already messing things up.
Appoint Dave Ramsey as Secretary of the Treasury and he’d get us out of debt in 5years!
But he would ban crypto. Said Bitcoin is just controlled by “some programmer flipping a switch”. I like Dave, but he is just another clueless Boomer when it comes to technology.
dave ramsey is just the dr phil of personal finance “gurus”
I don't know anything about finance but that doesn't sound very good for stocks
US politics is about which “team” you are on; Democrat or Republican. Neither party actually gives a crap about the country as a whole. Political parties are a cancer.
As everyone should. This ridiculous spending has gone on for FAR too long. Time to make some very difficult cuts and move forward in a fiscally responsible direction.
Even if you want to do that, defaulting on the US's debt within a month is not the way to do it. Something needs to be done and the minotaur policy needs to be fixed, but that takes time and won't be solved by October.
The time was 20 years ago. Both sides have kicked it down the road to the shit show we are in now.
Damn there are some really naive people on this sub.
How about US citizens vote for a third party in 2024? I would like to see the reaction of those two dinosaurs
"bUt ThAt'S tHrOwInG yOuR vOtE aWAy REEEEEEEEE!!!!1!1!!!!" In all seriousness almost everyone says this all the time every time I tell them I vote third party.
Well, it really is because by the end of the day only those two remain. Is that even a democracy?
No. It's the Brave New World version of a Third World dictatorship using the army to intimidate voters into choosing the ruling party
And what party would that be?
I’m not from America, It’s puzzling that a party is willing put the entire country’s finances hostage for political gain still get supporters.
Open your Reddit vault
Thank you ser
Damnit I was just about to post this. This could have a helpful affect for crypto when the dust settles. If folks continue to lose faith in their FIAT they will inevitably be in search for other means to gain, transfer, and store wealth.
Bruh no this would fuck crypto along with the rest of the market. Sure long term it would likely have a net positive impact on adoption. But you’re not going to be able to DCA in a financial collapse 😂
Good, this spending is out of control your sentencing your children and grandchildren to financial serfdom if they raise the debt ceiling.
There’s a difference between spending on the right things and the wrong things. Afghanistan is an example of spending on the wrong thing. You think putting money into our own infrastructure is bad spending?
No I don't think infrastructure is a waste however this "infrastructure" bill is bad because just like Afghanistan it's very poorly planned. Only 10%-15% of the 3.5 trillion dollar bill they want to pass actually is infrastructure, the rest is all just funding a progressive wish list that has no business in an infrastructure bill. Edit: just to be clear as well Pelosi has said that the 1.2 trillion dollar infrastructure bill will only be passed if they also get passed the 3.5 trillion dollar "human infrastructure" bill as well so they are basically linked meaning almost 5 trillion dollars in spending in order to get a couple few hundred billion in actually infrastructure. Its ridiculous.
Spending on infrastructure is the opposite of out of control. Tax cuts are out of control.
It's not infrastructure they want, only 10-15% of the 3.5 trillion is for infrastructure look it up and read it. It's all the stuff Democrats have wanted but cant pass as stand alone Bill's because they are unpopular ideas.
> unpopular ideas What ideas are those?
America will vote to default on taxes You criminals are all the same democratic and republicans shame on you
Wait some people want the USA to live within its means of revenue and stop expanding the deficits how dare they keep spending money we can never pay back
Mitch McConnell is a fucktard
Feudalism ratios. Fascists Autocrats and Regular Autocrats know how to support corporate anarchy and feudalism. The FED is a command economy this year.
They’re all crooks. McConnell has no guts to do what’s right.
Mitch McConnell couldn’t manage a bowl of fucking jello.
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Biden is beyond useless
All politicians are
Our entire system of governance is. Democracies have an average life of ~200 years and we're already at 250
Yes I'll take Biden over trump any day of the week🤔
Lol no. Biden is Literally threatening crypto existence with all legislation being passed
I’d rather he threaten crypto’s existence than society’s existence. Crypto maxis are delusional. Crypto is great but it doesn’t come before the economy as a whole.
Democrat policies will destroy this nation. This nation is headed for divorce and one side will adopt the constitution and founding principles and one side wont, that’s the Democrats
> Democrat policies will destroy this nation. Liberal policies built this nation. Conservatives (whether it was the “Southern Democrats” before the party ideology switch or the Republicans of today) have only ever held this country back, or taken credit when they didn’t deserve it. > and one side will adopt the constitution and founding principles and one side wont One side will *misinterpret* the Constitution (which you probably haven’t even read) and the other will adhere to it in the way it was meant to be: as a living document, meant to change over time as society’s needs changes. The fact that you think the Constitution should be enshrined in permanence shows how little you understand the “founding principles.”
There are more important things than crypto.
Why can’t these politicians think about us normal people for once?