It looks like we reached our limit on econop-rn for now.
President Biden and Speaker Kevin McCarthy on Saturday reached an agreement in principle to raise the debt limit for two years while cutting and capping some government spending over the same period…
According to a person familiar with the agreement, it also would impose new work requirements for some recipients of government aid, including food stamps and the Temporary Assistance for Needy Families program. It would place new limits on how long certain recipients of food stamps — people under the age of 54, who do not have children — could benefit from the program. But it also would expand food stamp access for veterans and the homeless…
The tentative deal also claws back some unspent money from a previous pandemic relief bill…
My biggest gripe (besides the existence of the inane debt ceiling) is that we always seem to focus on one side (expenses) of a two-sided coin.
The 55 corporations cited by ITEP would have paid a collective total of $8.5 billion. Instead, they received $3.5 billion in tax rebates, collectively draining $12 billion from the U.S. government, according to the institute. The figures don’t include corporations that paid only some but not all of these taxes.
I do not know that I have a problem with it at all.
I am for a higher effective tax rate. To get there includes write offs for many things that benefit the US economy. The policies that dictate that are well worked out by economists.
I get the sensationalism in the press for the public to chow down but write offs matter. They are useful.
I think it is safe to assume that any tax increase, on anyone, but particularly “JCs” was off the table, by definition.
On the other hand, the “JCs” got the increased work requirement they wanted for SNAP recipients, Nothing like forced labor to fatten the bottom line, eh? Just pass it off as “personal responsibility”.
Washington — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent.
That is the death knell of Mccarthy. He can’t hold his coalition together with any bipartisan bills.
Well, technically, the Dems, with moderate Repubs, could vote for McCarthy, to prevent an extremist being Speaker. There is no rule that the election of Speaker be a party line vote.
Well, there is also the issue of whether anyone else can get enough votes. The fringe might want to dump McCarthy, but they can hardly get one of their own elected as speaker.
I am hoping for a centerist, well, what passes for “centerist” in relative terms these days, coalition across the aisle, with the extremists on both ends marginalized. The media has nattered about what McCarthy had to promise to gain the support of the extremists to be elected speaker. What if McCarthy, or someone else, has to make commitments to win a bi-partisan, centerist, majority?
Just watching the comments on a Yahoo news article. Trump is proposing a year long 4th of July for the 250 year celebration. The comments are very very endlessly hateful towards him. Yeah we are enjoying the clown act. It is a party alright. More like stomping and spitting on a grave.