we're literally drowning ourselves in debt

[1jkw]

1 hour ago, Crnr2Crnr said:

thinking further... we're paying a 13% tax on our taxes.  

how's that make everyone feel?

 

 

Imagine how much more we will pay if there is a default and the interest rate charged goes up.

[Crnr2Crnr]

1 minute ago, 1jkw said:

Imagine how much more we will pay if there is a default and the interest rate charged goes up.

Treasury and Federal Reserve might be in one hell of a battle for world domination.

It's all part of the plan...

[Crnr2Crnr]

‘Some bills have to go unpaid’ if debt limit isn’t raised, says Treasury Sec. Yellen 

https://www.nbcnews.com/meet-the-press/video/-some-bills-have-to-go-unpaid-if-debt-limit-isn-t-raised-says-sec-yellen-175411269679

As a reminder during this political game of chicken... 

Lifting the debt ceiling is necessary for the government to cover spending commitments already approved by Congress and the president in order to prevent default. Raising the debt ceiling does not authorize new spending

Edited May 21, 2023 by Crnr2Crnr

[ArcticCrusher]

8 hours ago, Crnr2Crnr said:

sure, cut spending... did you read the previous nine pages yet?  how do you feel about increasing military spending?  does a simple chart challenge your brain and opinions?    

both democrats and republicans have kicked the can down the road since the GW Bush administration... that's Bush2, Obama, Trump and Biden spending and neither party has addressed the debt.  if you are unable to see that, I can't help you. 

by not paying our debt (as pointed out) 13% of each tax dollar you, I or anyone else pays to the federal government is interest. 

13%

feel free to post whatever JPM chart you like which shows how to at least reduce that % 

 

 

It's like there was a uniparty grifting to global interests rather than the people.

Nah.

[Sleepr2]

6 hours ago, 1jkw said:

Imagine how much more we will pay if there is a default and the interest rate charged goes up.

And never a thought to cutting spending. 
 

 

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9 Crazy Examples of Unrelated Waste and Partisan Spending in Biden’s $2 Trillion ‘Infrastructure’ Proposal

Just roughly one-third of the money goes to the kinds of spending people would usually associate with infrastructure.

Wednesday, March 31, 2021

 

Custom Image By FEE | Image Credit PixaBay, Gage Skidmore

 

Brad Polumbo

Politics Joe Biden Infrastructure Federal Government Waste Congress

•  
•  
•  
•  
•  
•  

The Biden administration on Wednesday released a comprehensive $2+ trillion spending proposal ostensibly focused on infrastructure. But there’s much more to this plan than meets the eye.

A glance at the proposal reveals many items that appear only tenuously related to infrastructure. In fact, several don’t appear to be related to infrastructure at all.  

Here are 9 of the most suspect items in Biden’s “infrastructure” proposal, taken directly from a fact-sheet on the plan the White House released.

1. $10 Billion to Create a ‘Civilian Climate Corp’

The Biden administration proposes spending $10 billion to create a “Civilian Climate Corp.” The White House claims that “This $10 billion investment will put a new, diverse generation of Americans to work conserving our public lands and waters, bolstering community resilience, and advancing environmental justice through a new Civilian Climate Corps.”

2. $20 Billion to ‘Advance Racial Equity and Environmental Justice’

The proposal sets aside a whopping $20 billion—more than the latest COVID package spent on vaccines—for “a new program that will reconnect neighborhoods cut off by historic investments and ensure new projects increase opportunity, advance racial equity and environmental justice, and promote affordable access.” 

3. $175 Billion in Subsidies for Electric Vehicles

Electric vehicles: A technological novelty so good it won’t catch on without hundreds of billions in subsidies. At least, that’s apparently what the Biden administration thinks, as its infrastructure proposal earmarks a “$174 billion investment to win the electric vehicle market.” 

The spending will take the form of manufacturing subsidies and consumer tax credits, which historically have benefitted wealthy families most. For comparison, the proposal carves out more for green energy goodies than it does on the total $115 billion to “modernize the bridges, highways, roads, and main streets that are in most critical need of repair.”

4. $213 Billion to Build/Retrofit 2 Million Houses & Buildings

When most people hear “infrastructure,” they think of roads, bridges, tunnels, and so on. But the Biden administration’s definition of the term is Olympian-gymnastics-level flexible. Apparently, the president considers it “infrastructure spending” to allocate $213 billion to build or retrofit 2 million “sustainable” houses and buildings. They also slip in $40 billion for public housing, stating this will “disproportionately benefit women, people of color, and people with disabilities.”

5. $100 Billion for New Public Schools and Making School Lunches ‘Greener’

You might remember that the last “COVID” legislation had $128.5 billionin taxpayer dole-outs for public schools; much of the money will be spent years after the pandemic and there was no requirement that schools actually open. Yet this was, evidently, just the beginning. The Biden “infrastructure” plan includes another “$100 billion to upgrade and build new public schools.”

“Funds also will be provided to improve our school kitchens, so they can be used to better prepare nutritious meals for our students and go green by reducing or eliminating the use of paper plates and other disposable materials,” the proposal reads. (Emphasis mine).

6. $12 Billion for Community Colleges

One generally thinks of infrastructure and higher education as separate, distinct sectors. Yet the Biden “infrastructure” plan slips in $12 billion for states to spend on community colleges.

 

 

7. Billions to Eliminate ‘Racial and Gender Inequities’ in STEM

The proposal includes several billion dollars allocated to reduce supposed “racial and gender inequities” in Science, Technology, Engineering, and Math (STEM) research and development. 

What this has to do with interstate infrastructure is not adequately explained.

8. $100 Billion to Expand Broadband Internet (And Government Control of It)

Loosely lumped under the broad term “digital infrastructure,” the plan allocates $100 billion to “bring affordable, reliable, high-speed broadband to every American.” Interestingly, the proposal openly states that it wishes to promote government and NGO control of broadband and push out private sector providers: It “prioritizes support for broadband networks owned, operated by, or affiliated with local governments, non-profits, and co-operatives—providers with less pressure to turn profits.”

9. $25 Billion for Government Childcare Programs

The plan includes $25 billion “to help upgrade child care facilities and increase the supply of child care in areas that need it most.” According to the White House, “funding would be provided through a Child Care Growth and Innovation Fund for states to build a supply of infant and toddler care in high-need areas.”

 

[1jkw]

48 minutes ago, Sleepr2 said:

And never a thought to cutting spending. 
 

 

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9 Crazy Examples of Unrelated Waste and Partisan Spending in Biden’s $2 Trillion ‘Infrastructure’ Proposal

Just roughly one-third of the money goes to the kinds of spending people would usually associate with infrastructure.

Wednesday, March 31, 2021

Custom Image By FEE | Image Credit PixaBay, Gage Skidmore

 

Brad Polumbo

Politics Joe Biden Infrastructure Federal Government Waste Congress

•  
•  
•  
•  
•  
•  

The Biden administration on Wednesday released a comprehensive $2+ trillion spending proposal ostensibly focused on infrastructure. But there’s much more to this plan than meets the eye.

A glance at the proposal reveals many items that appear only tenuously related to infrastructure. In fact, several don’t appear to be related to infrastructure at all.  

Here are 9 of the most suspect items in Biden’s “infrastructure” proposal, taken directly from a fact-sheet on the plan the White House released.

1. $10 Billion to Create a ‘Civilian Climate Corp’

The Biden administration proposes spending $10 billion to create a “Civilian Climate Corp.” The White House claims that “This $10 billion investment will put a new, diverse generation of Americans to work conserving our public lands and waters, bolstering community resilience, and advancing environmental justice through a new Civilian Climate Corps.”

2. $20 Billion to ‘Advance Racial Equity and Environmental Justice’

The proposal sets aside a whopping $20 billion—more than the latest COVID package spent on vaccines—for “a new program that will reconnect neighborhoods cut off by historic investments and ensure new projects increase opportunity, advance racial equity and environmental justice, and promote affordable access.” 

3. $175 Billion in Subsidies for Electric Vehicles

Electric vehicles: A technological novelty so good it won’t catch on without hundreds of billions in subsidies. At least, that’s apparently what the Biden administration thinks, as its infrastructure proposal earmarks a “$174 billion investment to win the electric vehicle market.” 

The spending will take the form of manufacturing subsidies and consumer tax credits, which historically have benefitted wealthy families most. For comparison, the proposal carves out more for green energy goodies than it does on the total $115 billion to “modernize the bridges, highways, roads, and main streets that are in most critical need of repair.”

4. $213 Billion to Build/Retrofit 2 Million Houses & Buildings

When most people hear “infrastructure,” they think of roads, bridges, tunnels, and so on. But the Biden administration’s definition of the term is Olympian-gymnastics-level flexible. Apparently, the president considers it “infrastructure spending” to allocate $213 billion to build or retrofit 2 million “sustainable” houses and buildings. They also slip in $40 billion for public housing, stating this will “disproportionately benefit women, people of color, and people with disabilities.”

5. $100 Billion for New Public Schools and Making School Lunches ‘Greener’

You might remember that the last “COVID” legislation had $128.5 billionin taxpayer dole-outs for public schools; much of the money will be spent years after the pandemic and there was no requirement that schools actually open. Yet this was, evidently, just the beginning. The Biden “infrastructure” plan includes another “$100 billion to upgrade and build new public schools.”

“Funds also will be provided to improve our school kitchens, so they can be used to better prepare nutritious meals for our students and go green by reducing or eliminating the use of paper plates and other disposable materials,” the proposal reads. (Emphasis mine).

6. $12 Billion for Community Colleges

One generally thinks of infrastructure and higher education as separate, distinct sectors. Yet the Biden “infrastructure” plan slips in $12 billion for states to spend on community colleges.

 

 

7. Billions to Eliminate ‘Racial and Gender Inequities’ in STEM

The proposal includes several billion dollars allocated to reduce supposed “racial and gender inequities” in Science, Technology, Engineering, and Math (STEM) research and development. 

What this has to do with interstate infrastructure is not adequately explained.

8. $100 Billion to Expand Broadband Internet (And Government Control of It)

Loosely lumped under the broad term “digital infrastructure,” the plan allocates $100 billion to “bring affordable, reliable, high-speed broadband to every American.” Interestingly, the proposal openly states that it wishes to promote government and NGO control of broadband and push out private sector providers: It “prioritizes support for broadband networks owned, operated by, or affiliated with local governments, non-profits, and co-operatives—providers with less pressure to turn profits.”

9. $25 Billion for Government Childcare Programs

The plan includes $25 billion “to help upgrade child care facilities and increase the supply of child care in areas that need it most.” According to the White House, “funding would be provided through a Child Care Growth and Innovation Fund for states to build a supply of infant and toddler care in high-need areas.”

 

 

Nope, never a thought.  Only will be made worse by default.

[Sleepr2]

2 minutes ago, 1jkw said:

 

Nope, never a thought.  Only will be made worse by default.

Anything to keep spend eh? Typical 

[spin_dry]

7 hours ago, 1jkw said:

Imagine how much more we will pay if there is a default and the interest rate charged goes up.

Doubtful that there will be a default. The more problematic scenario is with banking. Right now there’s about 4500. I think is a few short years it’ll be down to 500-700. It happened in Canada, and throughout Europe. Less banks with less guarantees. Dreamy. 

[Cold War]

59 minutes ago, Sleepr2 said:

And never a thought to cutting spending. 
 

 

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9 Crazy Examples of Unrelated Waste and Partisan Spending in Biden’s $2 Trillion ‘Infrastructure’ Proposal

Just roughly one-third of the money goes to the kinds of spending people would usually associate with infrastructure.

Wednesday, March 31, 2021

Custom Image By FEE | Image Credit PixaBay, Gage Skidmore

 

Brad Polumbo

Politics Joe Biden Infrastructure Federal Government Waste Congress

•  
•  
•  
•  
•  
•  

The Biden administration on Wednesday released a comprehensive $2+ trillion spending proposal ostensibly focused on infrastructure. But there’s much more to this plan than meets the eye.

A glance at the proposal reveals many items that appear only tenuously related to infrastructure. In fact, several don’t appear to be related to infrastructure at all.  

Here are 9 of the most suspect items in Biden’s “infrastructure” proposal, taken directly from a fact-sheet on the plan the White House released.

1. $10 Billion to Create a ‘Civilian Climate Corp’

The Biden administration proposes spending $10 billion to create a “Civilian Climate Corp.” The White House claims that “This $10 billion investment will put a new, diverse generation of Americans to work conserving our public lands and waters, bolstering community resilience, and advancing environmental justice through a new Civilian Climate Corps.”

2. $20 Billion to ‘Advance Racial Equity and Environmental Justice’

The proposal sets aside a whopping $20 billion—more than the latest COVID package spent on vaccines—for “a new program that will reconnect neighborhoods cut off by historic investments and ensure new projects increase opportunity, advance racial equity and environmental justice, and promote affordable access.” 

3. $175 Billion in Subsidies for Electric Vehicles

Electric vehicles: A technological novelty so good it won’t catch on without hundreds of billions in subsidies. At least, that’s apparently what the Biden administration thinks, as its infrastructure proposal earmarks a “$174 billion investment to win the electric vehicle market.” 

The spending will take the form of manufacturing subsidies and consumer tax credits, which historically have benefitted wealthy families most. For comparison, the proposal carves out more for green energy goodies than it does on the total $115 billion to “modernize the bridges, highways, roads, and main streets that are in most critical need of repair.”

4. $213 Billion to Build/Retrofit 2 Million Houses & Buildings

When most people hear “infrastructure,” they think of roads, bridges, tunnels, and so on. But the Biden administration’s definition of the term is Olympian-gymnastics-level flexible. Apparently, the president considers it “infrastructure spending” to allocate $213 billion to build or retrofit 2 million “sustainable” houses and buildings. They also slip in $40 billion for public housing, stating this will “disproportionately benefit women, people of color, and people with disabilities.”

5. $100 Billion for New Public Schools and Making School Lunches ‘Greener’

You might remember that the last “COVID” legislation had $128.5 billionin taxpayer dole-outs for public schools; much of the money will be spent years after the pandemic and there was no requirement that schools actually open. Yet this was, evidently, just the beginning. The Biden “infrastructure” plan includes another “$100 billion to upgrade and build new public schools.”

“Funds also will be provided to improve our school kitchens, so they can be used to better prepare nutritious meals for our students and go green by reducing or eliminating the use of paper plates and other disposable materials,” the proposal reads. (Emphasis mine).

6. $12 Billion for Community Colleges

One generally thinks of infrastructure and higher education as separate, distinct sectors. Yet the Biden “infrastructure” plan slips in $12 billion for states to spend on community colleges.

 

 

7. Billions to Eliminate ‘Racial and Gender Inequities’ in STEM

The proposal includes several billion dollars allocated to reduce supposed “racial and gender inequities” in Science, Technology, Engineering, and Math (STEM) research and development. 

What this has to do with interstate infrastructure is not adequately explained.

8. $100 Billion to Expand Broadband Internet (And Government Control of It)

Loosely lumped under the broad term “digital infrastructure,” the plan allocates $100 billion to “bring affordable, reliable, high-speed broadband to every American.” Interestingly, the proposal openly states that it wishes to promote government and NGO control of broadband and push out private sector providers: It “prioritizes support for broadband networks owned, operated by, or affiliated with local governments, non-profits, and co-operatives—providers with less pressure to turn profits.”

9. $25 Billion for Government Childcare Programs

The plan includes $25 billion “to help upgrade child care facilities and increase the supply of child care in areas that need it most.” According to the White House, “funding would be provided through a Child Care Growth and Innovation Fund for states to build a supply of infant and toddler care in high-need areas.”

 

If you didn’t know better you would swear reparations are being paid out. 

[1jkw]

37 minutes ago, Sleepr2 said:

Anything to keep spend eh? Typical 

No, just a statement of fact.

[1jkw]

34 minutes ago, spin_dry said:

Doubtful that there will be a default. The more problematic scenario is with banking. Right now there’s about 4500. I think is a few short years it’ll be down to 500-700. It happened in Canada, and throughout Europe. Less banks with less guarantees. Dreamy. 

I would hope not. Let's deregulate what could possibly go wrong?

[spin_dry]

Americans will start to kill each other off in wholesale quantities before the debt monster gets us. Americans absolutely hate the guy who thinks different. 

[Sleepr2]

53 minutes ago, 1jkw said:

No, just a statement of fact.

Fact is that the leftists want to keep spending, 

[1jkw]

36 minutes ago, Sleepr2 said:

Fact is that the leftists want to keep spending, 

Yes, and the fact is the righties always outspend them, Reagan, HW. more than Carter, W more than Clinton, Trump more than Obama, in fact Trump spent more in his first 3 years than Obama's last 4 and Trump's PPP was larger than the 850 billion stimulus under Obama not to mention the 2 trillion in stimulus.  Remember when the Republicans demanded cuts before they would raise the limit when Trump was pres.?

[Sleepr2]

7 hours ago, 1jkw said:

Yes, and the fact is the righties always outspend them, Reagan, HW. more than Carter, W more than Clinton, Trump more than Obama, in fact Trump spent more in his first 3 years than Obama's last 4 and Trump's PPP was larger than the 850 billion stimulus under Obama not to mention the 2 trillion in stimulus.  Remember when the Republicans demanded cuts before they would raise the limit when Trump was pres.?

The “ righty’s” are try to slow spending right now.

and show me one post where I have advocated for mother spending,,,,I’ll wait.

[snoughnut]

8 hours ago, 1jkw said:

Yes, and the fact is the righties always outspend them, Reagan, HW. more than Carter, W more than Clinton, Trump more than Obama, in fact Trump spent more in his first 3 years than Obama's last 4 and Trump's PPP was larger than the 850 billion stimulus under Obama not to mention the 2 trillion in stimulus.  Remember when the Republicans demanded cuts before they would raise the limit when Trump was pres.?

That one was a huge tragedy, should have never happened. That was socialism for the wealthy on steroids.

[Crnr2Crnr]

The plan would lift the debt limit by $1.5 trillion or until March 31, 2024, whichever comes first. 

https://www.cbsnews.com/news/debt-ceiling-house-republicans-bill-limit-save-grow-act/ 

 

[1jkw]

1 hour ago, Sleepr2 said:

The “ righty’s” are try to slow spending right now.

and show me one post where I have advocated for mother spending,,,,I’ll wait.

Of course they are, slow the spending slow the economy then blame the other guy and then spend like hell when you takeover, rinse and repeat.. 

You constantly have defended the party of big spending, prove me wrong, I won't wait. 

[1jkw]

1 hour ago, snoughnut said:

That one was a huge tragedy, should have never happened. That was socialism for the wealthy on steroids.

True. 

The farm bailout was much the same, and it cost more than the auto bailout and nothing got paid back.

[EvilBird]

5 minutes ago, 1jkw said:

True. 

The farm bailout was much the same, and it cost more than the auto bailout and nothing got paid back.

Yeah who needs farms 

fucking moron 

[1jkw]

13 minutes ago, EvilBird said:

Yeah who needs farms 

fucking moron 

If you weren't so uninformed you might realize that much of the farm bailout went to corporate farms and wiped out many small family farms, a huge number in 2018 alone. But keep chiming in like a fool.

 

[racer254]

1 hour ago, 1jkw said:

Of course they are, slow the spending slow the economy then blame the other guy and then spend like hell when you takeover, rinse and repeat.. 

You constantly have defended the party of big spending, prove me wrong, I won't wait. 

Who is defending the spending right now.  Let's get this deal done and slow down the spending first, then worry about the next time when they want to spend.

[Crnr2Crnr]

29 minutes ago, racer254 said:

Who is defending the spending right now.  Let's get this deal done and slow down the spending first, then worry about the next time when they want to spend.

yeah... we'll get to go through this again in ten months or by the time they've spent $1.5T 

so basically by Christmas... 

hooray 🎉

[1jkw]

1 hour ago, racer254 said:

Who is defending the spending right now.  Let's get this deal done and slow down the spending first, then worry about the next time when they want to spend.

2 things, #1 holding up increasing the debt ceiling is not a good thing IMO. #2 How about putting the burden of the cuts on those most able to live with them.

[Crnr2Crnr]

52 minutes ago, 1jkw said:

2 things, #1 holding up increasing the debt ceiling is not a good thing IMO. #2 How about putting the burden of the cuts on those most able to live with them.

that's the donor class... ain't going to happen.