Posted on 01/13/2023 1:16:48 PM PST by ChicagoConservative27
We just need to get another credit card .../s
The fact that they espouse the same lie every time demonstrates how effective the censorship apparachik is.
She’s already been hit with an ugly stick, what do you suggest.
There is no need to raise the debt limit. Cut spending. There is ample tax revenue to run essential government functions. It’s the spending that goes beyond the essential that creates debt.
20 years ago our budget was around 7 trillion. Whats changed?
Remember, in the recent fight over who will be speaker, we witnessed PROOF CERTAIN that ALL Republican House members but 20 are RINOs ergo there is zero chance of any “honest” reduction in government spending because there is zero difference between 200 odd democrats and approximately 198 Republican House Members. The UNI PARTY has a LOCK on Treasury Theft. Indeed they have made an art out of it and they will not give it up by voting.
Stop ALL foreign aid.
Stop ALL welfare for able bodied adults.
Stop ALL government hiring.
That should be done ASAP.
How much of this can be done by the House of Reps
Was reading recently that $24 trillion of the national debt matures within 2 years..
Also $12 trillion in Government mortgages that are not included in the national debts as they are off the books debt comes due within 2 years.
There are five different types of federally-backed mortgages:
FHA
VA
USDA
Fannie Mae
Freddie Mac
These mortgages are low rate fixed for 30 years.
The government borrowed short term and lent long term.
The interest rate paid out is already double what they lent it out for fixed rate. Thus if the long term mortgage receivable is 3%-4% and the short term debt rate is 6% to 8%, the government must make up the difference by subsidizing the mortgage companies. This could be a big surprise hit later this year.
To exclude slashing spending?
” Eliminating many of the unnecessary and unneeded welfare programs would be a good start.”
But keep sending billions to Ukraine!!(/s)
Too bad we never consider “extraordinary measures” to not exceed the debt limit to begin with. Didn’t she see this coming long before now?
I believe ‘extraordinary measures’ is similar to extralegal remedies. See Georgia Guidestones now, before they’re ...
Never mind.
Per the Constitution, a feral judge’s pay can’t be cut during the term of office. Doesn’t say anything about pensions and benefits.
If it isn’t in the Constitution, as, for example, gold and silver are, while feral fiat is not, then time to prune the tree of government, and water the other tree with its recommended fertilizer.
It’s not just Treasury bonds, bills and notes.
Things started in 2006, when Republicans let Demonrats set election rules that enable the steal of the House and Senate. Sound familiar?
The Federales, starting 1 October 2008, with George Bush as President, paid and pay banks for excess reserves. Before that, excess reserves just sat there until the bank loaned out the money (actually, ones and zeroes on a computer). As of 13 January 2023, the interest rate paid from Treasury to the banks on excess reserves (an accounting amount, not a bond, stock, etc.) is 4.40%.
Zero risk. It keeps the bank from loaning the excess reserves to build houses, factories, credit cards, auto loans, etc. So, if after paying for a bank location, risk manager, loan officer, janitor, bank president, the banks estimates that after allowing for loan losses, slow pays, traffic lights, etc. that the loan will generate less than 4.40% on a risk-adjusted basis, you don’t get the loan. Sorry. The bank gets 4.40%.
To be complete, the bank will loan money to a publicly traded company to buy back shares of its stock, even if it won’t lend the money to build a new factory for the same company, and even if the company is not profitable.
Insane spending starting with the bank bailouts in 2009. Obama, Pelosi and Schumer have been spending like crazy ever since.
(and will then resort to “extraordinary measures” to avoid default.)
Yeah mean the Inflation Reduction Act didn’t Act to Reduce Inflation?
I’m shocked 😳!! SHOCKED 😲😳 I TELL YA!!!
No....if the conservatives try to cut spending on ANYTHING they will never get elected again...They will vote for another bloated omnibus budget bill they say they don't agree with just to keep the government from shutting down....Heaven forbid!
and get elected again as the “ Loud and Loyal Opposition”.....its been a Win-Win ticket for them ALL once they get to DC..
Of course they will..... The GOP is the only thing that can keep the Gravy Train running on time..... /s
Executive Order 12631, signed on March 18, 1988
Wheelbarrowers vs. The Govt. Class
this is the difference between liberals and conservatives...when it come to THEIR OWN MONEY!
Conservatives will say it and do it ..
Liberals will do it but would never say it ...
I have some liberal friends that are beside themselves because their retirement was in Hi-risk funds and they have to cut back..
They HATE republicans even more for what they have done to them .../s
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