US US Politics General - Discussion of President Biden and other politicians

 

[Breadbassket]

I cannot wait for bread to be worth $5 million.

Every American will finally be a millionaire though not in the way they probably wanted.

 

[verissimus]

ok, who egged the Dems to do it because of a timid no?
View attachment 4321651

https://twitter.com/WatcherGuru/status/1617582237029134336

Democrats push to eliminate the debt ceiling, allow unlimited government borrowing

Dozens of House Democrats are supporting a bill that would eliminate the debt ceiling and allow the federal government to borrow whatever it needs to pay its bills.

www.foxnews.com

Unlimited ...corruption.

 

[Car Won't Crank]

VR won't succeed until you have something akin to the Star Trek Holodeck. That gets rid of the need for clunky-ass headsets and it solves the whole immersion problem nicely, imho.

The only niche where VR has succeeded is in FPV flight for RC drones and airplanes. The Fatshark and DJI FPV goggles and their various clones have had great success with the FPV crowd.

 

[WelfareNiggerQueen]

I cannot wait for bread to be worth $5 million.

Byeeaa. I can see that actually happening. Shit's so gay now people are getting busted for smuggling in eggs from Mexico. If prices don't go down soon I expect a Cartel centered around chicken eggs to rise up in power similar to what's going on with Avocado's.

 

[Kuritan Deplorable]

Does it even matter? Has the debt ceiling ever stopped the government? I thought they just raised it every time they hit their limit, which makes a limit pointless to begin with.

The whole point of it is it does force a political agreement on the debt - the intent was "To stop the wild spending because we hit our cap" but a side effect of democracy is that suicidal policies are perfectly permissible as long as enough people agree on them.

This is also why the legislation to remove the spending cap entirely would be insanity, it would axe the last vestige of any reason to ever control spending, and the last legislative avenue to try and do so. Hell, I wouldn't be surprised to see Financial interests treat its removal as reason to downgrade US credit worthiness in practice (Officially, they'll never want to touch the rates, regulatory suicide lies down that path). While on paper it means they will never default on their debts, truly, in practice it means they will never default on their debts as they will always borrow more and more, so any 'pay' you get back is just more of your money they borrowed to cover it.

 

[NyQuilninja]

The whole point of it is it does force a political agreement on the debt - the intent was "To stop the wild spending because we hit our cap" but a side effect of democracy is that suicidal policies are perfectly permissible as long as enough people agree on them.

This is also why the legislation to remove the spending cap entirely would be insanity, it would axe the last vestige of any reason to ever control spending, and the last legislative avenue to try and do so. Hell, I wouldn't be surprised to see Financial interests treat its removal as reason to downgrade US credit worthiness in practice (Officially, they'll never want to touch the rates, regulatory suicide lies down that path). While on paper it means they will never default on their debts, truly, in practice it means they will never default on their debts as they will always borrow more and more, so any 'pay' you get back is just more of your money they borrowed to cover it.

I don't think the powers to be care. It's been a real mask off couple of years.

 

[mandatorylurk]

Trump recently did a video saying he will not touch medicare or social security and advises Republicans to not do so with any negotiating. This should be common sense so expect GOPe to cut stuff because McConnell's a faggot, but it's also smart because it distances Trump from Desantis and other republicans looking to jump in and makes a point of neutering it for the democrats to harp on like they do when they have nothing else to argue. Do there need to be changes to the systems, as well as a realization it won't even be there for me when I get old? Yes, but you can't even argue for those things until you get in to right the ship. Let's get cheap gas and cheap eggs first, then focus on taking some gibs away, not the other way around.

With Bezos abandoning the Shiteater Post and Ron Klain leaving the White House, it feels like the corporate neoliberals are retreating or just trying to cash out and leave the danger hair progressives holding the ball. The standard rule of "are you better off than you were 4 years ago?" is a resounding no for the majority of people, and their internals must show something. So expect another FBI asset to be called up for a glowop soon, some "russian" tank floats across the Bering Strait to take over an alaskan town or similar.

edit: Trump Curse powers up yet again:

 

[The Ugly One]

The purpose of the debt ceiling is for Republicans to pretend they were against spending they just voted for. Eliminating it would remove the last way Republicans can campaign on fiscal restraint.

 

[Kuritan Deplorable]

I don't think the powers to be care. It's been a real mask off couple of years.

I'm not sure who will have more egg on their faces though - The politicians responsible for engaging in what is functionally indistinct from currency debasement, or the economists feeding them bullshit fairy tales about MMT and how a nation can never go bankrupt and suffer consequences since it can just print its own money. A naivety born from the assumption that people are formulaic pawns, who will diligently shuffle from participating in one economic experiment to the next, instead of irrational actors who will stop acting on the system at all as the rules get more confusing and the outcomes less and less certain.

 

[verissimus]

I'm not sure who will have more egg on their faces though - The politicians responsible for engaging in what is functionally indistinct from currency debasement, or the economists feeding them bullshit fairy tales about MMT and how a nation can never go bankrupt and suffer consequences since it can just print its own money. A naivety born from the assumption that people are formulaic pawns, who will diligently shuffle from participating in one economic experiment to the next, instead of irrational actors who will stop acting on the system at all as the rules get more confusing and the outcomes less and less certain.

Definitely not the economists. Even politicians every now and then (especially if they have the wrong politics) get the axe for screwing up, but economists? When have they ever faced the axe?

 

[NyQuilninja]

I'm not sure who will have more egg on their faces though - The politicians responsible for engaging in what is functionally indistinct from currency debasement, or the economists feeding them bullshit fairy tales about MMT and how a nation can never go bankrupt and suffer consequences since it can just print its own money. A naivety born from the assumption that people are formulaic pawns, who will diligently shuffle from participating in one economic experiment to the next, instead of irrational actors who will stop acting on the system at all as the rules get more confusing and the outcomes less and less certain.

The worse things get the more they stay the same.
I suspect long before they take responsibility though will be at war with East Asia I mean China

 

[George Floyd Sneed]

The purpose of the debt ceiling is for Republicans to pretend they were against spending they just voted for. Eliminating it would remove the last way Republicans can campaign on fiscal restraint.

I’ve been paying attention to politics for 25 years and not once has spending ever been curbed for this debt ceiling. There’s always the kabuki theatre of “will they or won’t they?” with the obvious answer being “they will” and the debt ceiling gets raised at the eleventh hour. Reminds me of the impotent threats to shut the government down which meant they would rope off the areas that actually made some kind of revenue while every useless bureaucrat still got paid in the end. Nothing will change, whether we keep this ceiling or not. Besides they need to lift the cap for reparayshuns that are coming down the pike, along with more funding for Ukraine, Israel, and bank bailouts when they start to go tits up this year.

 

[Ancient Pioneer]

I'm not sure who will have more egg on their faces though - The politicians responsible for engaging in what is functionally indistinct from currency debasement, or the economists feeding them bullshit fairy tales about MMT and how a nation can never go bankrupt and suffer consequences since it can just print its own money. A naivety born from the assumption that people are formulaic pawns, who will diligently shuffle from participating in one economic experiment to the next, instead of irrational actors who will stop acting on the system at all as the rules get more confusing and the outcomes less and less certain.

Via a technicality, the economics are correct that a nation can never go bankrupt, they can just print infinite amounts of currency to repay the extant debts at any moment. The problem with this strategy is that it vitiates trust in the government and currency making the country unable to acquire loans, not to mention the huge amounts of inflation derived from this strategy. When this occurred in medieval times the King would just single out a large debtor and find them guilty of some sort of charge to clear the ledgers.

 

[NyQuilninja]

I’ve been paying attention to politics for 25 years and not once has spending ever been curbed for this debt ceiling. There’s always the kabuki theatre of “will they or won’t they?” with the obvious answer being “they will” and the debt ceiling gets raised at the eleventh hour. Reminds me of the impotent threats to shut the government down which meant they would rope off the areas that actually made some kind of revenue while every useless bureaucrat still got paid in the end. Nothing will change, whether we keep this ceiling or not. Besides they need to lift the cap for reparayshuns that are coming down the pike, along with more funding for Ukraine, Israel, and bank bailouts when they start to go tits up this year.

Reparations only if the democrats are truly out of scams. The rest is plenty accurate

 

[The Last Stand]

Dumb question, but how cna you have a "debt ceiling" if they control all the spending and printing anyway? Closest thing I can think of is inflation with printing and spending excess money to where its value would degrade over time.

I only see Trump wanting to curb Medicare and SS as to keep the older population in bay. However, I see the Republicans tarnishing their own base with being passive with the current dogma of social politics for their own power.

 

[John McAfee]

With regards to Biden document shit. He does have a room in his house that is a scif. All senators do. All that is required is a government computer, cac reader, hardware network encryption, a door lock, and a signature from the secret service or security manager. He can print or store shit in there, surf classified shit, check his classified or jwics mail, anything. The negligence is trumped up, they probably had cover letters and were in folders which is fine for non cleared people to be around. It's the easiest path of least resistance to get him out. Anything else implicates others. We have data leaks every 5 minutes for sipr to nipr, foreign nationals watch porn on our secret network without consequence. This is bs theater.

Also, Stop talking about vr, go be gay elsewhere.

 

[General Emílio Médici]

The delicious irony of a FBI agent who helped investigate Trump's "Russian collusion" being caught actually colluding with Russia is amazing.

As for the debt celing, the entire thing is a farce. Unless someone actually moves to do something (either GOP blocking it or DNC getting rid of it) it might as well be background noise. Trump's calls to not touch Social Security and Medicare are both complete no brainer obvious and deeply worrying at the same time. Obvious in that touching those things might as well lead to massive unpopularity, but worrying because the fact is Social Security and Medicare are massively and hilariously inflated in a way that puts even the MIC to shame. The entire system has been broken since almost day 1 with FDR's New Deal and has only gotten worse over time. By design the thing is a pyramid scheme designed to work under a set of circumstances that haven't existed since pretty much the 1960's and only the absurdly large American Economy has kept it afloat.

 

[Rome's rightful successor]

The delicious irony of a FBI agent who helped investigate Trump's "Russian collusion" being caught actually colluding with Russia is amazing.

Those glowies always project their bioluminescence.

 

[Breadbassket]

Eyepatch McCain has introduced an interesting new bill apparently:

 

[Scale Smerch]

Dumb question, but how cna you have a "debt ceiling" if they control all the spending and printing anyway? Closest thing I can think of is inflation with printing and spending excess money to where its value would degrade over time.

It's due to borrowing being explicitly defined in the Constitution. Only Congress can authorize borrowing money, a clause which invites the risk of serious legal shit flinging should someone try seeing if modern monetary theory truly obsoletes the debt ceiling. For all it's become effectively symbolic the debt ceiling is too politicized to start overtly ignoring.