Posted on 12/08/2022 2:42:37 PM PST by artichokegrower
Edited on 12/08/2022 3:38:24 PM PST by Jim Robinson. [history]
Bloomberg
Bailout Biden.
I still have vague memories of the pension bailouts of GM and other automakers years ago. The union members’ pension plans were bailed out but the pension plans of the non-union employees were not!
.
Only Congress can appropriate Funds.
Unless they already gave away the store
.
The “new normal” for Fed.gov is $1-$2 trillion deficits per year. 2022 deficit will be $1.4 Trillion.
Its NOT going down. Just wait for the next economic crisis - deficits afterwards will easily be $4-$5 trillion.
All that money will buy political control, which will be needed because our currency is being devalued to zero.
when do we get something other than the bill?
at this point.. turn the presses up to 11.... let’s crash this thing quick and get it over with.
Two ongoing sayings about leftists:
They always throw money at a problem
and
They never met a tax increase they didn’t like.
Then....
The trouble with Socialism is that eventually you run out of other people’s money.—attributed to Margaret Thatcher.
and
Alexander Fraser Tytler wrote:
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”
Is this a gift to try to lessen the blow of the overruling of the railroad union the other day?
Wait until the bill for slavery reoperations gets finalized. $250,000 per individual.
You do realize that he is giving away our money?
Well, money borrowed FRom his buddies in China!
Our children and grandchildren will be paying for this misguided largess long after the miserable LIEberal sonofabich assumes room temperature!
Is what he is doing lawful or constitutional?
Does anyone care?
This is unsustainable. One day soon the US economy will collapse under the weight of debt. It will be a global financial catastrophe.
Great point!
"Flanked by Union Allies,Bidencorrupt Congress Touts $36 Billion Pension Bailout"
There! Fixed it.
And the problem remains that Congress cannot appropriate funds for anything that it cannot reasonably justify under its constitutional Article I, Section 8-limited powers, no mention of union pensions in Section 8.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
This would make Putin blush.
It’s absolutely tyrannical.
Right.
The problem is that they will pass anything they feel like passing, knowing full well that it will take years of court battles (both sides paid by the taxpayers) to undo it.
And no one will be punished.
Democrats reward their supporters. Republicans ignore their base. Prove me wrong.
Not a plug nickle will be repaid of the federal debt, nor unfunded liabilities. It will crash, so the more $Trillions we can “spend” the better. Let’s get ‘r done! Fedzilla, Wall Street, FTX, FED, IRS, and to go to pieces.
Enter N.E.S.A.R.A.
And, G.E.S.A.R.A.
NCSWIC. Nothing!
Bring it
Just wait your turn.
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