The debt limit!

[Papageorgio]

What did Trump do to lose jobs???? The list is truly endless, but let's start with his failed covid response:

1. Trump glad handed all sorts of money to big corporations under the Payroll Protection Act, but NOTHING to people who didn't work for large corporations. If not for Nancy Pelosi refusing to give corporations any more money until American workers received assistance, people who work for small companies, got nothing.

2. When all of the business districts closed their office buildings and people started working from home, all of the small support services lost business. Coffee shops, courier services, dry cleaners, retail stores. The big chains had PPP. The independents had no assistance.

A cafe owner friend asked her landlord for a break on her rent since business was off by 70%, and he told her he had bills and a mortgage to pay too.

2. Without income, the 71% of American workers who had no PPP wages or enhanced unemployment benefits stopped spending money on non-essentials, and small mom and pop businesses closed, because they had no customers. Big corporations got themselves named "essential services" to stay open. Small businesses tried to hold on, but many closed and the jobs they provided were lost.

As a result, millions of Americans fell into poverty.

Under Trump, American exceptionalism means poverty, misery and death | Robert Reich

No other advanced nation denies healthcare and work protections, or loosens lockdown while fatalities mount

www.theguardian.com

THAT'S how Trump killed jobs.

3. Biden put money in the hands of families with the American Rescue Plan, and lifted millions out of poverty, and the pent up demand in travel, leisure, live, in person shopping and events. When people returned to buying products and services because they were no longer in poverty and debt, it created jobs.

Supplemental Poverty Measure That Accounts For Additional Government Benefits Lowest on Record at 7.8%

The 2021 U.S. official poverty rate of 11.6% was not statistically different from 2020 but the Supplemental Poverty Measure at 7.8% was lowest on record.

www.census.gov

4. Then there are all the construction jobs rebuilding roads, bridges, and crumbling municipal infrastructure. All the things Trump promised to do but never ever started.

Again, he tried to stop Chinese from coming into the country and he was a racist.

The House and Senate bill which Trump approved was pass by a House and Senate that was Democratic Party majority, so if it favored the rich, you have Democrats to blame.

Rent moratoriums were placed in most states Congress approved an additional $600 a week on top of the state unemployment, it took awhile for the relief to get to people which is because many government agencies were working remotely with a large demand and short staff. My state had their unemployment website with such heavy traffic it took days to get to the site. Your “friend” is antidotal, not indicative of the norm.

Your first link is by a far far left socialist that works at far left colleges. The second link is showing that the poverty rate went down when we recovered from a disastrous shutdown of businesses. If you give credit for a recovery out of the pandemic, you need to assign him blame for the high inflation and supply shortages because he had as much to do with the good and the bad. Personally amd logically, he had nothing to do with either, only highly partisan morons would think either way.

 

[sparky]

There is no such thing as "financial cannibalism". I even googled it

try images>

~S~

 

[Orangecat]

That reads like you're trying for "profound", and landed on "meaningless". Democrats are in no way "marxists", and it's a bald faced lie to try to label them as such. They believe in both private ownership, and individual rights.

There is no such thing as "financial cannibalism". I even googled it and came up empty. How does money eat itself?

Thank you for the dumbest post of the day.

Canadian dumbass busybody says what?

 

[jbander]

Preparing to ‘play chicken’ with default: Understanding Republicans’ ‘debt limit terror’​

The United States is the only major industrial nation with a debt ceiling. America’s debt ceiling, moreover, applies only to budgetary appropriations that have already been made; it has no impact on future spending or borrowing. Indeed, as one legal scholar has argued, since legislation passed by Congress and signed by the president implicitly authorizes the U.S. Treasury to spend the money necessary to implement it, a separate requirement to increase the accrued debt creates the possibility of default, and may therefore be unconstitutional.

In any event, although debates about the national debt have become increasingly partisan, Congress and the president have agreed to increase the debt ceiling over 100 times since World War II. The debt limit has also been “suspended” — a distinction, made for political reasons, without a substantive difference — seven times. The debt ceiling was raised three times while Donald Trump was President. In 2019, when Congress suspended the debt ceiling until July 2021, Trump exulted that the agreement was “phenomenal.” The ceiling has been raised twice with Joe Biden in the White House.

Preparing to ‘play chicken’ with default: Understanding Republicans’ ‘debt limit terror’

Moody’s has estimated default could result in a 4 percent drop in GDP, 9 percent unemployment and a $15 trillion loss in household wealth.

thehill.com

We can't worry about the debt, Biden has one more time to raise the debt. If if's good for tramp why not make it good for Biden.

Raise the hell out of the taxes for the fat of land , Business and the ultra wealthy. Screw them. Spread it between business and the fat boys or take the money needed just from the fat boys.Their easy street world has to come to a end.

 

[jbander]

Preparing to ‘play chicken’ with default: Understanding Republicans’ ‘debt limit terror’​

The United States is the only major industrial nation with a debt ceiling. America’s debt ceiling, moreover, applies only to budgetary appropriations that have already been made; it has no impact on future spending or borrowing. Indeed, as one legal scholar has argued, since legislation passed by Congress and signed by the president implicitly authorizes the U.S. Treasury to spend the money necessary to implement it, a separate requirement to increase the accrued debt creates the possibility of default, and may therefore be unconstitutional.

In any event, although debates about the national debt have become increasingly partisan, Congress and the president have agreed to increase the debt ceiling over 100 times since World War II. The debt limit has also been “suspended” — a distinction, made for political reasons, without a substantive difference — seven times. The debt ceiling was raised three times while Donald Trump was President. In 2019, when Congress suspended the debt ceiling until July 2021, Trump exulted that the agreement was “phenomenal.” The ceiling has been raised twice with Joe Biden in the White House.

Preparing to ‘play chicken’ with default: Understanding Republicans’ ‘debt limit terror’

Moody’s has estimated default could result in a 4 percent drop in GDP, 9 percent unemployment and a $15 trillion loss in household wealth.

thehill.com

We can't worry about the debt, Biden has one more time to raise the debt. If if's good for tramp why not make it good for Biden.

The largest part of the debt has come from right wing presidents. Raise the hell out of taxes of the wealthy, easy as that. Screw them. They got rich from this market, if they don't like it leave but there is no way they can leave and expect to keep this market , they go they lose this market, it is either that or pay higher taxes . Like I said, screw them.

 

[jbander]

Why in the FUCK are you trying to get us to blow more money? Jesus Christ man

Screw you ,you live in a country whose population decides what tax money should be spent on. Raise the hell out of taxes for business and fat boys, or just the fat boys.

 

[Dragonlady]

The brief span Trump was in gave people the ability to get a FACTORY JOB WITHOUT HAVING TO KNOW SOMEBODY ! You did not have to have a friend or family to get you an application to get in .. The last time you could walk into a plant and get hired was before Vietnam war ended. But no problem as most young people today are too important to waste their lives as a "WAGE SLAVE".

The Left stopped Trump vetting Chinese coming in from Wuhan, they called him a xenophobe.

Covid is a Deep State ( The Nework) operation and Trump was in their way. Trump said that "They are not after Me, they are After You,,,Im just in their way"

Joe Biden is your GOD,,,,,,who else is trying to stop a war in Ukraine That TRUMP obviously started. Who else FORGAVE your student loan debt ???? Who else doubled gasoline prices in order to save the Tsetse fly in the Amazon ? BIDEN Who else has the best economy during the last 40 years ??? Joe our Savior ! Yay joe, you got my vote in 2024.

How could that be happening? 0ffshoring continued unabated under Trump. There were fewer factory jobs in the USA in 2019 than there were in 2009. BEFORE the pandemic.

Most young people today can't afford to be "wage slaves" and have any decent kind of life. Factory jobs aren't paying union wages or benefits. Fewer than 30% of American workers have unions, and most of those who do, are public sector workers.

Covid is a public health problem all over the world. All of the countries YOU look down on managed to deal with the virus without killing more people than anyone else in the first world, or crashing their economies.

Trump didn't stop vetting the Chinese who came in, he never tested ANYONE coming into the country from China because you had no tests to speak of until it was too late. Trump refused the WHO test because the USA had no exclusive rights to the test. There's no money to be made without exclusive rights.

Trump's hand picked "loyal" CDC Director botched the covid test roll out. So the USA had no mass testing for months. The whole covid test was the second big Trump fuck up. The first was selling all your PPE to China. Trump told companies to ship everything they had to China. He even changed export rules to allow it.

Joe Biden is no god and no one has ever suggested he is. Your rant is full of false information and you seem deranged. Get help.

 

[Nostra]

What did Trump do to lose jobs???? The list is truly endless, but let's start with his failed covid response:

1. Trump glad handed all sorts of money to big corporations under the Payroll Protection Act, but NOTHING to people who didn't work for large corporations. If not for Nancy Pelosi refusing to give corporations any more money until American workers received assistance, people who work for small companies, got nothing.

2. When all of the business districts closed their office buildings and people started working from home, all of the small support services lost business. Coffee shops, courier services, dry cleaners, retail stores. The big chains had PPP. The independents had no assistance.

A cafe owner friend asked her landlord for a break on her rent since business was off by 70%, and he told her he had bills and a mortgage to pay too.

2. Without income, the 71% of American workers who had no PPP wages or enhanced unemployment benefits stopped spending money on non-essentials, and small mom and pop businesses closed, because they had no customers. Big corporations got themselves named "essential services" to stay open. Small businesses tried to hold on, but many closed and the jobs they provided were lost.

As a result, millions of Americans fell into poverty.

Under Trump, American exceptionalism means poverty, misery and death | Robert Reich

No other advanced nation denies healthcare and work protections, or loosens lockdown while fatalities mount

www.theguardian.com

THAT'S how Trump killed jobs.

3. Biden put money in the hands of families with the American Rescue Plan, and lifted millions out of poverty, and the pent up demand in travel, leisure, live, in person shopping and events. When people returned to buying products and services because they were no longer in poverty and debt, it created jobs.

Supplemental Poverty Measure That Accounts For Additional Government Benefits Lowest on Record at 7.8%

The 2021 U.S. official poverty rate of 11.6% was not statistically different from 2020 but the Supplemental Poverty Measure at 7.8% was lowest on record.

www.census.gov

4. Then there are all the construction jobs rebuilding roads, bridges, and crumbling municipal infrastructure. All the things Trump promised to do but never ever started.

You got all the way to #1 before lying, you lying sack of KKKanadian dogshit.

No need to go any further because everyone already knows you are incapable of posting anything but lies.



The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Donald Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act(CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.

The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for their payroll and certain other costs. The amount of a PPP loan is approximately equal to 2.5 times the applicant's average monthly payroll costs. In some cases, an applicant may receive a second draw typically equal to the first. The loan proceeds may be used to cover payroll costs, rent, interest, and utilities. The loan may be partially or fully forgiven if the business keeps its employee counts and employee wages stable. The program is implemented by the U.S. Small Business Administration. The deadline to apply for a PPP loan was March 31, 2021.[1]

Paycheck Protection Program - Wikipedia

en.wikipedia.org

 

[Nostra]

The problem is not the debt limit. The problem is members of McCarthy's toddler caucus who don't understand it, don't know what it's for or the repurcussions of what will happen if it's not raised. This is what happens when a bunch of jerkoffs are elected to Congress & a Speaker who grabbed his ankles for a slew of halfwits.

What is it for?

This will be a hoot.

 

[Nostra]

How could that be happening? 0ffshoring continued unabated under Trump. There were fewer factory jobs in the USA in 2019 than there were in 2009. BEFORE the pandemic.

Most young people today can't afford to be "wage slaves" and have any decent kind of life. Factory jobs aren't paying union wages or benefits. Fewer than 30% of American workers have unions, and most of those who do, are public sector workers.

Covid is a public health problem all over the world. All of the countries YOU look down on managed to deal with the virus without killing more people than anyone else in the first world, or crashing their economies.

Trump didn't stop vetting the Chinese who came in, he never tested ANYONE coming into the country from China because you had no tests to speak of until it was too late. Trump refused the WHO test because the USA had no exclusive rights to the test. There's no money to be made without exclusive rights.

Trump's hand picked "loyal" CDC Director botched the covid test roll out. So the USA had no mass testing for months. The whole covid test was the second big Trump fuck up. The first was selling all your PPE to China. Trump told companies to ship everything they had to China. He even changed export rules to allow it.

Joe Biden is no god and no one has ever suggested he is. Your rant is full of false information and you seem deranged. Get help.

Link to the US selling “all” of our PPE to China Dragonlady


Surely you aren’t lying again, right?

 

[Ray From Cleveland]

How could that be happening? 0ffshoring continued unabated under Trump. There were fewer factory jobs in the USA in 2019 than there were in 2009. BEFORE the pandemic.

Most young people today can't afford to be "wage slaves" and have any decent kind of life. Factory jobs aren't paying union wages or benefits. Fewer than 30% of American workers have unions, and most of those who do, are public sector workers.

Covid is a public health problem all over the world. All of the countries YOU look down on managed to deal with the virus without killing more people than anyone else in the first world, or crashing their economies.

Trump didn't stop vetting the Chinese who came in, he never tested ANYONE coming into the country from China because you had no tests to speak of until it was too late. Trump refused the WHO test because the USA had no exclusive rights to the test. There's no money to be made without exclusive rights.

Trump's hand picked "loyal" CDC Director botched the covid test roll out. So the USA had no mass testing for months. The whole covid test was the second big Trump fuck up. The first was selling all your PPE to China. Trump told companies to ship everything they had to China. He even changed export rules to allow it.

Joe Biden is no god and no one has ever suggested he is. Your rant is full of false information and you seem deranged. Get help.

Talk about false information.

More Americans died from covid under Dementia with three vaccines than they did under Trump with no vaccines. It was DumBama that left the cabinets bare and never replaced any of the PPE he used. As for our economy, it was liberal states and cities that shut us down. However out of all the G7 countries, the US had the least GDP damage outside of China, and that's only because they kept this a secret and were able to address the problem as soon as they realized the virus got out of the lab.

Plenty of good paying jobs in our country, but we can't get Americans back to work after their paid vacation by Dementia. His increase in food stamps was the highest since the program began, and his increase in child tax credits kept mothers from going back to work. The covid tests that were manufactured took place long before Trump was near the White House.

 

[Ray From Cleveland]

The problem is not the debt limit. The problem is members of McCarthy's toddler caucus who don't understand it, don't know what it's for or the repurcussions of what will happen if it's not raised. This is what happens when a bunch of jerkoffs are elected to Congress & a Speaker who grabbed his ankles for a slew of halfwits.

The ploy is to get Democrats to the table to work on spending cuts. Democrats don't want to do that. They want to continue pork spending and vote buying and raise taxes on our job creators to try and cover some of it. The Republicans are putting their foot down. No more hundreds of billions going to Ukraine and climate change which man has zero control over.

 

[Ray From Cleveland]

Assumes a fact that is most definitely true. Where were all of these "concerned Republicans" when Trump was cutting taxes for billionaires, and putting it on the national credit card?

NO taxes should ever be cut when the nation is booming, unless the budget is balanced. The Republican Party since Ronald Reagan has been the most fiscally irrespnsible political party in world history, crashing the American economy 3 times. All of the tax cuts were paid for with ever increasing federal deficits, and every one of them ended with an economic crash.

Yet to hear Republicans talk, they're the party of fiscal responsibility. And fools like you parrot that lie.

Rebuilding the military DumBama let go to hell not only benefits the US, but your worthless asses in Canada as well. Before covid we had a million more jobs than Americans that could work them, and those tax cuts played a big part in our booming economy.

If we are to go into any debt, I prefer getting something out of it like lower taxes than what the Communists are spending money on like an LBGTQRST museum, millions more for a black was museum, another couple million to build a trail named after Moochelle Obama. Tens of millions for the arts and Kennedy center, wasting money tearing down perfectly good bridges because the Communists deemed them racist and building new ones, and that's just to name a few of their wasteful spending items.

 

[Nostra]

Talk about false information.

More Americans died from covid under Dementia with three vaccines than they did under Trump with no vaccines. It was DumBama that left the cabinets bare and never replaced any of the PPE he used. As for our economy, it was liberal states and cities that shut us down. However out of all the G7 countries, the US had the least GDP damage outside of China, and that's only because they kept this a secret and were able to address the problem as soon as they realized the virus got out of the lab.

Plenty of good paying jobs in our country, but we can't get Americans back to work after their paid vacation by Dementia. His increase in food stamps was the highest since the program began, and his increase in child tax credits kept mothers from going back to work. The covid tests that were manufactured took place long before Trump was near the White House.

The death rate in KKKanada is the same as in the US, with their awesome Socialized medicine.

Dragonlady ignores that fact.

 

[Dragonlady]

Canadian dumbass busybody says what?

Somebody is sure triggered. Even when you go for insults, they're weak and lame. Americans were a WHOLE lot smarter when Democrats were running the country.

 

[Nostra]

Somebody is sure triggered. Even when you go for insults, they're weak and lame. Americans were a WHOLE lot smarter when Democrats were running the country.

How does the party affiliation of the President raise and lower the IQ of individuals, Simp?

 

[Ray From Cleveland]

The whole "debt ceiling authorization" is just political theatre: Full of sound and fury and signifying nothing. It's just an excuse to make reasonable sounding speeches about the national debt and play politics but the real discussions about cutting spending never ever happen.

Budget talks come around and the Republicans ALWAYS want to increase spending, especially pork barrel for big corporatins, and for the military. Republicans never want to make any meaningful cuts, except for social spending, or ANYTHING which puts money in the pockets of low income Americans.

It's time to end pointless bullshit like the debt ceiling votes, and start looking at meaningful change to government finances, and that includes raising taxes to pay as you go instead of spending your great grandchildren's money, and giving tax cuts to billionaires.

One way to reduce the deficit is to increase revenues. Your tax codes need balancing. Reaganomics is destroying the middle class, more of whom are falling into poverty than are rising to wealth. 80% of the nation's wealth cannot continue to flow to the top, if your nation is to survive.

The USA continues to operate under the same tax, labour and social spending polices that turned all of South American into a continent of second and third world nations.

Still trying to blame a President that left office 35 years ago in spite of the Communists having full control over our federal government on several occasions and not once tried to reverse any of Reagan's policies?

But I do agree with you on getting a hold of spending, and stealing more money from Americans is not the answer. The answer is a consumption tax. The tax would cover any deficit spending so we have a balanced budget every appropriation bill proposal. If the tax does not cover deficit spending that year, then the consumption tax needs to increase.

You see nearly half our country pays no income tax at all. When our Congress overspends it doesn't affect the lives of most Americans. Now if we had a consumption tax, everybody would be paying income tax and have a dog in the race. If it's announced the tax will increase over wasteful spending Democrats are noted for, people will protest and demand less spending.

This is how we fix our problem.

 

[Ray From Cleveland]

will get that way if we don't tow in Climate Change.

We've been towing it in most of my life. After the trillions already spent on this farce, climate change people are more pissed off today than they were 50 years ago. And if we spend trillions more, they will be more pissed of in 50 years from now than they are today.

 

[Ray From Cleveland]

Somebody is sure triggered. Even when you go for insults, they're weak and lame. Americans were a WHOLE lot smarter when Democrats were running the country.

They sure were. Record gasoline prices. Record inflation. Border problem the worst in 30 years according to the border patrol, 15 year high in interest rates, under threat from another nuclear armed country, labor shortage leading to supply chain shortages, record overdose deaths, failing stock market. Where would we be today without all those geniuses that put Democrats in charge?

 

[Dragonlady]

Rebuilding the military DumBama let go to hell not only benefits the US, but your worthless asses in Canada as well. Before covid we had a million more jobs than Americans that could work them, and those tax cuts played a big part in our booming economy.

If we are to go into any debt, I prefer getting something out of it like lower taxes than what the Communists are spending money on like an LBGTQRST museum, millions more for a black was museum, another couple million to build a trail named after Moochelle Obama. Tens of millions for the arts and Kennedy center, wasting money tearing down perfectly good bridges because the Communists deemed them racist and building new ones, and that's just to name a few of their wasteful spending items.

Obama didn't let the military go to hell. There were complaints throughout the Iraq War that your military was poorly equipped.

Also, it's a complete fiction that you're protecting Canada from ANYTHING. The ONLY country in the world which has EVER attacked Canada, was YOU, in 1812.