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  • Top U.S. General Said Trump Preached ‘Gospel of the Führer’

    General Mark Milley, the chairman of the Joint Chiefs of Staff, likened Donald Trump’s effort to hold on to power after the 2020 election to Adolf Hitler, saying the president was preaching “the gospel of the Führer” with his lies about the election being stolen, according to a new book by two Washington Post reporters.

    As chronicled in I Alone Can Fix It, by Carol Leonnig and Philip Rucker, the Pentagon’s top general said shortly before the January 6 insurrection at the Capitol that Trump had led the country to the brink of its own “Reichstag moment,” viewing him as a potential threat to American democracy. (Intelligencer obtained a copy of I Alone Can Fix It, which is due out July 20.)

    Trump had appointed Milley to be chairman of the Joint Chiefs in 2018, over the objections of Defense Secretary James Mattis. The Army general’s tenure at the top of the Pentagon had been relatively quiet, until last summer, when he appeared in uniform during an infamous photo opportunity for Trump in Lafayette Square that followed the clearing of protesters in front of the White House. Milley later apologized for creating a “perception of the military involved in domestic politics.”

    Although the book chronicles Milley’s concern with Trump dating back to that moment, the general’s worries grew rapidly as the president plunged the nation into chaos following Election Day. Seven days later, Milley got a call from “an old friend” with an explicit warning that Trump and his allies were trying to “overturn the government.” Milley was confident that any attempts by Trump to hold on to power would be thwarted, because the military wouldn’t go along. “They may try, but they’re not going to fucking succeed,” he told aides. “You can’t do this without the military. You can’t do this without the CIA and the FBI. We’re the guys with guns.”

    Still, Milley was disturbed by the sight of Trump supporters rallying to his cause in November, calling them “Brownshirts in the streets.” Leonnig and Rucker wrote that Milley “believed Trump was stoking unrest, possibly in hopes of an excuse to invoke the Insurrection Act and call out the military.” The general likened the U.S. to Germany’s fragile Weimar Republic in the early 1930s. “This is a Reichstag moment,” he said, referring to the arson attack on Germany’s Parliament that Hitler used as a pretext to assume absolute power and destroy democracy.

    On January 6, Milley watched with disgust as Trump addressed his supporters. Soon after Trump finished speaking, a violent mob of his supporters stormed the Capitol in an attempt to disrupt the certification of the presidential election by a joint session of Congress — and many promised to return for Biden’s inauguration. “These guys are Nazis, they’re boogaloo boys, they’re Proud Boys. These are the same people we fought in World War II,” Milley said a week after the attack on the Capitol.

    After Biden took the oath of office on January 20, and Trump was finally an ex-president, former First Lady Michelle Obama encountered Milley at the Capitol and asked how he was feeling. “No one has a bigger smile today than I do,” he said. “You can’t see it under my mask but I do.”
    _______________

    Trump's attempts to overturn the results of a free and fair election were thwarted only because men and women of courage held their ground and stood firm against such a nakedly authoritarian criminal.

    The next time this is attempted, and it will occur sooner or later, it may not be by another weak-minded coward and his sycophantic enablers and apologists.
    Supporting or defending Donald Trump is such an unforgivable moral failing that it calls every bit of your judgement and character into question. Nothing about you should be trusted if you can look at this man and find redeemable value

    Comment


    • Originally posted by CNBC


      China vows to retaliate if U.S. imposes more sanctions over Hong Kong

      CNBC Television
      Published on 16 July 2021

      CNBC's Eunice Yoon reports on the reaction to the Biden administration warning U.S. companies about the situation in Hong Kong.

      The Biden administration on Friday warned businesses with operations in Hong Kong of sweeping financial and regulatory risks as China continues to restrict political and economic freedoms in the territory.

      The nine-page Hong Kong Business Advisory – published jointly by the departments of State, Treasury, Commerce and Homeland Security – warns that U.S. firms are encountering a number of risks posed by China’s national security law in Hong Kong.

      The advisory states that “businesses face risks associated with electronic surveillance without warrants and the surrender of data to authorities” as well as “restricted access to information.”

      “Beijing has chipped away at Hong Kong’s reputation of accountable, transparent governance and respect for individual freedoms, and has broken its promise to leave Hong Kong’s high degree of autonomy unchanged for 50 years,” Secretary of State Antony Blinken wrote in a statement.

      “In the face of Beijing’s decisions over the past year that have stifled the democratic aspirations of people in Hong Kong, we are taking action. Today we send a clear message that the United States resolutely stands with Hong Kongers,” the nation’s top diplomat added.

      The Biden administration also imposed U.S. sanctions on seven Chinese officials for violating Hong Kong’s autonomy.

      The Chinese Embassy in Washington didn’t immediately respond to a request for comment.

      Earlier in the week, the Biden administration issued a warning to businesses with investment ties to China’s Xinjiang province, citing growing evidence of genocide and other human rights abuses in the country’s northwest region.

      Washington has openly criticized Beijing’s sweeping national security law passed in June 2020 aimed at limiting Hong Kong’s autonomy and banning literature critical of the Chinese Communist Party.

      Then-Secretary of State Mike Pompeo described the measure as an “Orwellian move” and an assault “on the rights and freedoms of the people of Hong Kong.”

      Former President Donald Trump signed legislation shortly thereafter to impose sanctions on China in response to its interference with Hong Kong’s autonomy. He also signed an executive order ending the preferential treatment that Hong Kong has long enjoyed.

      “Hong Kong will now be treated the same as mainland China,” Trump said during a speech in July 2020 from the White House Rose Garden.

      “No special privileges, no special economic treatment and no export of sensitive technologies,” Trump said. “In addition to that, as you know, we are placing massive tariffs and have placed very large tariffs on China.”

      China’s Foreign Ministry fired back saying Beijing will impose retaliatory sanctions against U.S. individuals and entities.

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      Comment


      • Originally posted by TopHatter View Post

        Funny how conservatives can't seem to let Donald Trump go....they go more and more batshit crazy for him and his brand of science- and reality-denial insanity.

        But god forbid we bring that up on this board...then we'd be "far left".
        Strange how the summary of CPAC you provided missed this

        Stewart Rhodes, founder of right-wing Oath Keepers militia, spotted at CPAC | Salon.com

        Click image for larger version  Name:	SR.jpg Views:	0 Size:	115.8 KB ID:	1574493
        FBI collaborator and main instigator of the Oathkeepers idiocy gets a feted pass to CPAC while the rest of the Oathkeepers get solitary confinement in DC while awaiting charges.


        Which of course transitions back to this:
        Originally posted by Parihaka View Post
        GOP propaganda still has many of them thinking in terms of partisan binaries, but A LOT of Trump supporters see that the Regime is not partisan. They all know that the same institutions would have taken opposite sides if it was a Tulsi Gabbard vs Jeb Bush election. 12/x
        In plain English, the bulk of the GOP and CPAC is indistinguishable from the Democrats. Which are indistinguishable from extreme-left totalitarians.
        Last edited by Parihaka; 17 Jul 21,, 21:44.
        In the realm of spirit, seek clarity; in the material world, seek utility.

        Leibniz

        Comment


        • Originally posted by Parihaka View Post
          In plain English, the bulk of the GOP and CPAC is indistinguishable from the Democrats. Which are indistinguishable from extreme-left totalitarians.
          Hopefully you did some warmup exercises before attempting that kind of bullshit stretching....

          Seriously, it's like you're not even trying now.
          Supporting or defending Donald Trump is such an unforgivable moral failing that it calls every bit of your judgement and character into question. Nothing about you should be trusted if you can look at this man and find redeemable value

          Comment


          • Originally posted by TopHatter View Post

            Hopefully you did some warmup exercises before attempting that kind of bullshit stretching....

            Seriously, it's like you're not even trying now.
            Yes Comrade
            In the realm of spirit, seek clarity; in the material world, seek utility.

            Leibniz

            Comment


            • Here we go again ...


              California Gov. Gavin Newsom is facing 41 opponents in the state recall, a figure less than one-third a many as in 2003. In that year, 135 people challenged then-Gov. Gray Davis in a sham recall that arose mere weeks after his reelection. This year's smaller number may be because candidates have to submit five years of tax returns, which will be publicly posted.


              For your entertainment, here is the list:

              Angelyne, Entertainer

              Holly L. Baade, Mother/Business Owner

              David Alexander Bramante, Realtor, Multifamily Developer

              Heather Collins, Business Owner/Hairstylist

              John Cox, Businessman/Accountant/Father

              John R. Drake, College Student

              Kevin L. Faulconer, Ballot Designation Under Review (NB: former San Diego Mayor)

              Ted Gaines, Board of Equalization Member

              Sam L. Gallucci, Pastor/CEO/Consultant

              James G. Hanink, Retired Educator

              Jeff Hewitt, Riverside County Supervisor

              David Hillberg, Aircraft Mechanic/Actor

              Caitlyn Jenner, Businessperson/Entrepreneur

              Dan Kapelowitz, Criminal Defense Attorney

              Kevin Kiley, California Legislator

              Chauncey 'Slim' Killens, Retired Correctional Officer

              Patrick Kilpatrick, Actor/Screenwriter/Producer

              Jenny Rae Le Roux, Business Owner/Mother

              Steve Chavez Lodge, Retired Homicide Detective

              Michael Loebs, University Lecturer

              David Lozano, Executive Officer/Attorney

              Jeremiah 'Jeremy' Marciniak, No Ballot Designation

              Diego Martinez, Businessman

              Jacqueline McGowan, Cannabis Policy Advisor

              Daniel Mercuri, Farmer/Business Owner

              Robert C. Newman II, Farmer/Psychologist

              Douge Ose, Farmer/Small Businessman

              Kevin Paffrath, Financial Educator/Analyst

              Adam Papagan, Entertainer

              Dennis Richter, Retail Store Worker

              Brandon M. Ross, Physician/Attorney

              Major Singh, Software Engineer

              Sarah Stephens, Pastor

              Denver Stoner, Deputy Sheriff

              Anthony Trimino, Entrepreneur/CEO

              Joel Ventresca, Retired Airport Analyst

              Daniel Watts, Free Speech Lawyer

              Nickolas Wildstar, Musician/Entrepreneur/Father

              Leo S. Zacky, Businessman/Farmer





              https://elections.cdn.sos.ca.gov/sta...candidates.pdf






              Trust me?
              I'm an economist!

              Comment


              • The party that doubled the national debt, over and over, is now suddenly worried about large federal spending generating inflation.

                The shredded remains of that once honorable party either believes that it is unnecessary to maintain and build infrastructure, or that it is unwise to do so when interest rates are at historic lows, or – most likely – is it politically foolish to do anything that might reflect well on the other main political party, regardless of the national interest.

                Party first, nation … when it is politically expedient.







                Trust me?
                I'm an economist!

                Comment


                • Originally posted by NPR

                  Striking To End 'Suicide Shifts,' Frito-Lay Workers Ask People To Drop The Doritos

                  Vanessa Romo
                  21 July 2021
                  NPR (National Public Radio)

                  Hundreds of Frito-Lay workers in Topeka, Kan., are in their third week of a strike, citing so-called "suicide shifts" and poor working conditions at the manufacturing and distribution plant at a time when the company's net revenue growth has exceeded all of its targets.

                  Employees say sweltering 90-degree temperatures on the picket line are preferable to the 100-degree-plus heat that awaits them inside the manufacturing warehouse on any given summer day. They're demanding an end to mandatory overtime and 84-hour weeks that they argue leaves little room for a meaningful quality of life. They're also seeking raises that match cost-of-living increases.

                  The company, which is owned by PepsiCo, disputes their claims, calling them "grossly exaggerated" and says a recent contract offer delivered earlier this month more than met the terms put forward by the workers' union, Local 218 of the Bakery, Confectionery, Tobacco Workers and Grain Millers Union.

                  Meanwhile, workers say they want more concessions before heading back into the factory. They have also called for a national boycott on Frito-Lay products, as well as those produced by PepsiCo, for the remainder of the strike. If successful, the boycott would mean living in a world without Doritos, Cheetos, Fritos, Tostitos and Sun Chips. Temporarily, at least.

                  A call for an end to "suicide shifts"

                  One of the most contentious issues throughout the bargaining process, according to union leaders, has been the regular use of forced overtime at the plant that results in so-called "suicide shifts" where "many of the more than 800 workers at the plant are only getting an eight-hour break between shifts."

                  NPR was unable to reach union officials, but Local 218 Chief Steward Paul Klemme on Monday described how it worked in a podcast interview on Monday. He said workers who clock in for a 7 a.m to 3 p.m. shift are often forced to work four hours of overtime, "then [the company will] turn you right around and bring you in at 3 o'clock in the morning. So you only have 8 hours off to get home, shower, see your family, get some sleep and get back to work."

                  It's an unsustainable schedule that has been instituted, he says, as a way to put off addressing a larger staffing shortage of about 100 employees.

                  In a statement earlier this week the union's international president, Anthony Shelton, wrote, "The union has repeatedly asked the company to hire more workers and yet despite record profits, Frito Lay management has refused this request."

                  Frito-Lay says cases of mandatory overtime have been overstated

                  Company officials said claims about workers being forced to regularly work double or triple shifts at the Topeka facility "have been grossly exaggerated."

                  The plant, which is one of 30 in the U.S., employs about 850 people. Yet, officials said, only about 20 — approximately 2% — averaged over 60 hours per week.

                  "Our records indicate 19 employees worked 84 hours in a given work week in 2021, with 16 of those as a result of employees volunteering for overtime and only 3 being required to work," the company said on Monday.

                  Officials also noted that the latest contract offer, which was rejected by employees on July 3, includes a 60-hour workweek cap and eliminates 8-hour turnaround shifts.

                  The recent contract offer also included a 2% wage hike over the next two years for all job classifications. According to the company: "This is what the union proposed for wage increases, and Frito-Lay accepted the union's proposal."

                  The two sides returned to the bargaining table on Monday.

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                  Comment


                  • Here we go, again...

                    Originally posted by CNBC


                    Treasury Secretary Yellen warns U.S. will hit debt limit August 1st

                    CNBC Television
                    Published on 23 July 2021

                    CNBC's Ylan Mui reports on the pending deadline for the national debt limit and the message the White House has for Congress.

                    .

                    https://www.cbo.gov/publication/57371

                    Originally posted by Congressional_Budget_Office

                    Federal Debt and the Statutory Limit, July 2021

                    The debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased over the years to finance the government’s operations. Currently, there is no statutory limit on the issuance of new federal debt because the Bipartisan Budget Act of 2019 (Public Law 116-37), enacted in August 2019, suspended the limit through July 31, 2021. On August 1, 2021, the debt limit will be reset to the previous ceiling of $22.0 trillion, plus the cumulative borrowing that occurred during the period of suspension. Unless additional legislation either extends the suspension or increases the limit, existing statutes will allow the Treasury to declare a “debt issuance suspension period” and to take “extraordinary measures” to borrow additional funds for a period of time without breaching the debt ceiling.

                    The Treasury’s cash balance and those extraordinary measures would enable it to continue financing the government’s activities for a while. However, if the debt limit remained unchanged, the ability to borrow using those measures would ultimately be exhausted, and the Treasury would probably run out of cash sometime in the first quarter of the next fiscal year (which begins on October 1, 2021), most likely in October or November, the Congressional Budget Office estimates. If that occurred, the government would be unable to pay its obligations fully, and it would delay making payments for its activities, default on its debt obligations, or both.

                    The timing and size of revenue collections and outlays over the coming months could differ noticeably from CBO’s projections. Therefore, the extraordinary measures could be exhausted, and the Treasury could run out of cash, either earlier or later than CBO projects.

                    What Is the Current Situation?

                    P.L. 116-37 specifies that the amount of borrowing that occurs during the suspension of the debt limit will be added to the previous ceiling of $22.0 trillion. As of June 30, 2021, an additional $6.5 trillion had been borrowed, bringing the amount of outstanding debt subject to the statutory limit to $28.5 trillion. The new debt limit, which will be established on August 1, 2021, will reflect additional borrowing through July 31.

                    If the current suspension is not extended or if a higher debt limit is not legislated before August 1, from that date forward, under normal procedures, the Treasury will have no room to borrow other than to replace maturing debt. To avoid breaching the limit, the Treasury would then begin to take the extraordinary measures that, along with cash inflows, should allow it to finance the government’s activities for a limited time without an increase in the debt ceiling.

                    What Constitutes Debt Subject to the Statutory Limit?

                    Debt subject to the statutory limit (commonly referred to as debt subject to limit) consists of debt held by the public and debt held by government accounts.1 Debt held by the publicis mostly in securities that the Treasury issues to raise cash to fund operations that cannot be covered by federal revenues. Such debt is held by outside investors, including the Federal Reserve System. Debt held by government accounts is issued to the federal government’s trust funds and other federal accounts for internal transactions; it is not traded in capital markets (see “Debt Issuance: Government Account Series”). Trust funds for Social Security, Medicare, military retirement, and civil service retirement and disability hold most of that debt.

                    As of June 30, 2021, $22.3 trillion of the $28.5 trillion in outstanding debt subject to limit was held by the public (including the Federal Reserve); $6.2 trillion was held by government accounts.

                    What Extraordinary Measures Are Available to the Treasury?

                    Unless legislation is enacted to raise or suspend the debt limit, the Treasury must take extraordinary measures to continue funding government activities after August 1, 2021. Even then, such measures will be available only for a limited time.

                    After the debt limit is reinstated, the Treasury could take the following measures:
                    • Suspend the investments of the Thrift Savings Plan’s G Fund. Otherwise rolled over or reinvested daily, as of June 30, 2021, those investments totaled nearly $300 billion in Treasury securities.
                    • Suspend investments of the Exchange Stabilization Fund.2 Otherwise rolled over daily, as of June 30, 2021, such investments totaled $23 billion.
                    • Suspend the issuance of new securities for the Civil Service Retirement and Disability Fund (CSRDF) and the Postal Service Retiree Health Benefits Fund (PSRHBF), which usually total about $3 billion each month.
                    • Redeem, in advance, securities held by the CSRDF and the PSRHBF in amounts equal in value to benefit payments that are due in the near future. Such payments are usually valued at about $8 billion per month, with an annual payment of about $45 billion scheduled for October 1, 2021, CBO estimates.
                    • Exchange Federal Financing Bank securities, which do not count against the debt limit, for Treasury securities held by the CSRDF.3 Approximately $8 billion in securities was available to be exchanged as of June 30, 2021.

                    Those measures would provide the Treasury with additional room to borrow by limiting the amount of Treasury debt that would otherwise be outstanding.4 By law, the CSRDF, the PSRHBF, and the G Fund would eventually be made whole (including accrued interest) after the debt limit was raised.

                    A large cash balance could also extend the time the Treasury has to continue financing government operations without issuing debt. On June 30, 2021, the Treasury had more than $850 billion in cash—less than half of the $1.8 trillion it had at the beginning of the fiscal year but still very high by historical standards. The Treasury projects that the balance will decrease to $450 billion at the end of July, which, combined with the measures listed above, should allow the Treasury to finance the government’s normal operations until sometime in the first quarter of fiscal year 2022 without an increase in the debt ceiling.

                    What Is the Schedule for Cash Flows and Debt Issuance?

                    Over the next several months, the size and timing of governmental cash flows, as well as transactions between the Treasury and other parts of the government, will determine the point at which the extraordinary measures would be exhausted.

                    Federal Cash Flows

                    From July through September, CBO estimates, federal revenues and outlays will total $786 billion and $1,551 billion, respectively. (Some of that difference will be covered by drawing down cash balances.) Certain large flows of cash into and out of the Treasury follow a regular schedule that directly affects the amount of federal borrowing from the public, the largest component of debt subject to limit. The following are typical payment dates and amounts for large government expenditures (although the actual date of a disbursement may shift by a day or two in either direction if a normal payment date falls on a weekend or federal holiday):
                    • Payments to Medicare Advantage and Medicare Part D plans are made on the first day of the month (about $35 billion).5
                    • Social Security benefits are disbursed on the third day of the month (about $22 billion), with subsequent payments on three Wednesdays each month (about $20 billion each).
                    • A large share of the pay for active-duty members of the military and the vast majority of benefit payments for civil service and military retirees, veterans, and recipients of Supplemental Security Income are disbursed on the first day of the month (about $25 billion).
                    • Interest payments are made around the 15th and the last day of the month (amounts vary).

                    Deposits into the Treasury (mostly in the form of tax revenues) are relatively steady throughout each month except for a few dates on which tax receipts are particularly large. Corporate income taxes are paid quarterly, with the next payments due in mid-September.

                    Debt Issuance: Treasury Auctions

                    The Treasury issues numerous securities to obtain funds to pay off maturing securities and finance government activities. Those securities, which have various maturities, are normally issued in regularly scheduled auctions (although the actual date of issuance may shift by a day or two in either direction if the normal issuance date falls on a weekend or federal holiday). Under current law, the federal government will borrow $2.2 trillion in fiscal year 2021, CBO estimates.6
                    • Treasury bills (with maturities of up to 52 weeks) are typically issued every Tuesday and Thursday. Recent weekly sales have averaged about $250 billion.
                    • Treasury notes (which currently have maturities of 2 years to 10 years and which include inflation-protected securities) are issued on the 15th and on the last day of the month. Sales in recent auctions on the 15th have averaged about $115 billion, and those on the last day of the month have averaged more than $260 billion.
                    • Treasury bonds with 20-year maturities are issued at the end of each month, whereas those with 30-year maturities are issued in the middle of each month. Sales in recent auctions for each type have been about $30 billion. Inflation-protected securities with 30-year maturities are issued at the end of February and August. Sales in recent auctions have ranged from $8 billion to $9 billion.
                    Debt Issuance: Government Account Series

                    Debt held by government accounts—in the form of Government Account Series (GAS) securities—is mostly determined by the transactions of a few large trust funds. When a trust fund receives cash that is not immediately needed to pay benefits or to cover the program’s expenses, the Treasury credits the trust fund with that income by issuing GAS securities to the fund. The Treasury then uses the cash to finance the government’s ongoing activities. When revenues for a trust fund program fall short of expenses, the reverse happens: The Treasury redeems some of the GAS securities. The crediting and redemption of securities are intragovernmental transactions between the Treasury and trust funds, but both directly affect the amount of debt subject to limit.

                    On many days, the amount of outstanding GAS securities does not change much. However, that amount can fall noticeably when redemptions occur because of the payment of benefits under programs such as Social Security and Medicare. The Treasury normally offsets the redemption of GAS securities, which reduces the amount of debt subject to limit, by borrowing additional amounts from the public to obtain the cash necessary to make benefit payments. In addition, most GAS securities pay interest to the funds holding them, and those payments are reinvested (if they are not needed to pay current benefits) in the form of additional securities.7

                    When Would the Extraordinary Measures and Cash Be Exhausted, and What Would Happen Then?

                    CBO estimates that unless the debt limit is increased, the Treasury, after using all available extraordinary measures, will probably be unable to make its usual payments starting sometime in the first quarter of the new fiscal year, most likely in October or November, although an earlier or later date is possible. After that point, the debt limit would cause delays of payments for government activities, a default on the government’s debt obligations, or both.8

                    1. For more information about different measures of federal debt, see Congressional Budget Office, Federal Debt: A Primer (March 2020), www.cbo.gov/publication/56165.

                    2. The Exchange Stabilization Fund is operated by the Treasury to stabilize exchange rates.

                    3. The Federal Financing Bank (FFB), a government corporation under the general supervision of the Secretary of the Treasury, can issue up to $15 billion of its own debt securities; that amount does not count against the debt limit. As of June 30, 2021, such outstanding debt securities totaled $6.1 billion. The remaining $8.4 billion that the FFB could issue can be exchanged for Treasury securities held by the CSRDF.

                    4. In addition to taking those measures, the Treasury could stop issuing State and Local Government Series securities. Such a suspension, however, would not provide additional borrowing capacity for the Treasury; it would simply allow the Treasury to substitute one form of public debt for another.

                    5. When the first day of a month falls on a weekend, those payments are made on the last business day of the prior month. In this case, because August 1, 2021, is a Sunday, Medicare payments (and certain other payments) for August will be made on Friday, July 30, before the reinstatement of the debt ceiling.

                    6. For more information about CBO’s most recent baseline projections, see Congressional Budget Office, An Update to the Budget and Economic Outlook: 2021 to 2031 (July 2021), www.cbo.gov/publication/57218, and Additional Information About the Updated Budget and Economic Outlook: 2021 to 2031 (July 2021), www.cbo.gov/publication/57263. Over the first nine months of fiscal year 2021, the total federal debt subject to limit increased by $1.6 trillion.

                    7. Many large trust funds—including those for Social Security and Medicare—receive interest payments on June 30 and December 31, dates that fall outside the period of the current analysis. Although those transactions are intragovernmental, they nevertheless increase debt subject to limit.

                    8. For more information about the challenges of managing the federal debt and the debt limit, see Government Accountability Office, Debt Limit: Market Response to Recent Impasses Underscores Need to Consider Alternative Approaches, GAO-15-476 (July 2015), www.gao.gov/products/GAO-15-476.

                    The Congressional Budget Office prepared this report in response to interest expressed by the Congress; it is an update to a series of reports about federal debt and the statutory limit, the previous editions of which are available at https://go.usa.gov/xnfS3. In keeping with CBO’s mandate to provide objective, impartial analysis, the report makes no recommendations.

                    Avi Lerner prepared the report with guidance from Christina Hawley Anthony and Theresa Gullo. Robert Sunshine reviewed the report, Scott Craver was the editor, and R. L. Rebach was the graphics editor. The report is available on CBO’s website (www.cbo.gov/publication/57152).

                    CBO continually seeks feedback to make its work as useful as possible. Please send any comments to communications@cbo.gov.

                    Phillip L. Swagel
                    Director

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                    Comment


                    • Trump threatened to primary GOP lawmakers who favor the bipartisan infrastructure plan. 17 Republicans just voted to advance it, including Mitch McConnell.

                      Former President Donald Trump left no words unspoken in his most direct attempt yet to tank President Joe Biden's $1 trillion infrastructure deal.

                      The GOP frontman threatened "lots of primaries" ahead for any Republican lawmakers who cooperated with Democrats to get the bipartisan deal passed.

                      His statement was released after Senate Minority Leader Mitch McConnell announced ahead of the procedural vote in the Senate on Wednesday that he would vote to advance the measure. Seventeen Republicans - including McConnell - joined all 50 Democrats to advance the bipartisan legislation, in a major test for the bill.

                      The vote came hours after a group of 10 Republican and Democratic negotiators announced they struck a deal with the White House for $550 billion in new spending - $30 billion less than was included in a prior agreement.

                      Trump, who floated plans for infrastructure spending throughout his presidency, has railed against negotiations in recent days, telling Republican lawmakers to skip the talks - not, it seems, because of any specific issues with the substance but because passage of a bill would be "a victory for the Biden administration and Democrats" and "heavily used in the 2022 election."

                      "Don't do it Republicans - Patriots will never forget!" he wrote. "If this deal happens, lots of primaries will be coming your way."

                      The former president has already endorsed primary challengers to try to unseat Republican Sen. Lisa Murkowski of Alaska and GOP Rep. Anthony Gonzalez of Ohio.

                      Despite his defeat at the ballot box in November, Trump maintains massive power in the Republican Party and has been making a show of handing out endorsements - or rejections. Most recently, however, on Tuesday, a Trump-backed candidate in Texas lost in a congressional special election.

                      Wednesday's vote to advance the bill in the Senate precedes a final vote on the legislation coming sometime in the next week or two. Democrats are also preparing a reconciliation package that could pass in the Senate without Republican support.
                      ___________
                      Supporting or defending Donald Trump is such an unforgivable moral failing that it calls every bit of your judgement and character into question. Nothing about you should be trusted if you can look at this man and find redeemable value

                      Comment


                      • Anger mounts as Biden, Congress allow eviction ban to expire
                        WASHINGTON (AP) — Anger and frustration mounted in Congress over the weekend as a nationwide eviction moratorium expired during a surge in the COVID-19 pandemic. One Democratic lawmaker even camped outside the Capitol in protest as millions of Americans faced being forced from their homes.

                        Lawmakers said they were blindsided by President Joe Biden’s inaction as the midnight Saturday deadline neared, some furious that he called on Congress to provide a last-minute solution to protect renters. The rare division between the president and his party carried potential lasting political ramifications.

                        New York Rep. Alexandria Ocasio-Cortez said Sunday that Democrats have to “call a spade a spade” after the deadline expired.

                        “We cannot in good faith blame the Republican Party when House Democrats have a majority,” the progressive congresswoman said on CNN’s “State of the Union.”


                        Ocasio-Cortez and other Democrats joined Rep. Cori Bush, D-Mo., on Saturday evening and overnight Sunday as Bush camped outside the Capitol. “I don’t plan to leave before some type of change happens,” Bush said, though the House had already left for its August recess.

                        More than 3.6 million Americans are at risk of eviction, some in a matter of days. The moratorium was put in place by the Centers for Disease Control and Prevention as part of the COVID-19 crisis when jobs shifted and many workers lost income.

                        Democrats piled on in frustration.

                        Rep. Maxine Waters, D-Calif., the chair of the Financial Services Committee, said Saturday on CNN: “We thought that the White House was in charge.”

                        “We are only hours away from a fully preventable housing crisis,” said Sen. Elizabeth Warren, D-Mass., during a floor speech in a rare Saturday session as senators labored over an infrastructure package.

                        “We have the tools, and we have the funding,” Warren said. “What we need is the time.”


                        The eviction ban was intended to prevent further virus spread by people put out on the streets and into shelters. Congress approved nearly $47 billion in federal housing aid to the states during the pandemic, but it has been slow to make it into the hands of renters and landlords owed payments.

                        The day before the ban was set to expire, Biden called on local governments to “take all possible steps” to immediately disburse the funds.

                        “There can be no excuse for any state or locality not accelerating funds to landlords and tenants that have been hurt during this pandemic,” he said in a statement late Friday.

                        Brian Deese, director of the White House National Economic Council, echoed that sentiment on Fox News Sunday. “No landlord should evict without seeking that rental assistance, and states and localities need to get that money out urgently, and they can do that,” Deese said.

                        House Speaker Nancy Pelosi urged House Democrats in a letter Saturday night to check into how the money already allocated has been distributed so far in their own states and localities. She said the Treasury Department, which transferred the funds earlier in the year, offered to brief lawmakers next week.

                        Biden set off the scramble by announcing Thursday he would allow the eviction ban to expire instead of challenging a recent Supreme Court ruling signaling this would be the last deadline.

                        The White House has been clear that Biden would have liked to extend the federal eviction moratorium because of the spread of the highly contagious delta variant of the coronavirus. But there were also concerns that challenging the court could lead to a ruling restricting the administration’s ability to respond to future public health crises.

                        On a 5-4 vote in late June, the Supreme Court allowed the broad eviction ban to continue through the end of July. One of those in the majority, Justice Brett Kavanaugh, made clear he would block any additional extensions unless there was “clear and specific congressional authorization.”

                        Biden, heeding the court’s warning, called on Congress on Thursday to swiftly pass legislation to extend the date.


                        Racing to respond, Democrats strained to draft a bill and rally the votes. Pelosi implored colleagues to pass legislation extending the deadline, calling it a “moral imperative,” to protect renters and also the landlords who are owed compensation.

                        Waters quickly produced a draft of a bill that would require the CDC to continue the ban through Dec. 31. At a hastily arranged hearing Friday morning to consider the bill, she urged her colleagues to act.

                        But Rep. Cathy McMorris Rodgers of Washington, the top Republican on another panel handling the issue, said the Democrats’ bill was rushed.

                        “This is not the way to legislate,” she said.


                        Landlords are against any extension. They, too, are arguing for speeding up the distribution of rental assistance.

                        The National Apartment Association and several others this week filed a federal lawsuit asking for $26 billion in damages because of the impact of the moratorium.

                        Despite behind-the-scenes wrangling throughout the day on Friday, Democratic lawmakers had questions and concerns and could not muster support to extend the ban.

                        Revising the emergency legislation to shorten the eviction deadline to Oct. 18, in line with federal COVID-19 guidelines, drew a few more lawmakers in support — but still not enough for passage.

                        House Democrats tried to approve an extension by consent, without a formal vote, but House Republicans objected.

                        Democratic lawmakers were livid at the prospect of evictions in the middle of a surging pandemic.

                        Bush, who experienced homelessness as a young mother of two in her 20s, said that, at the time, she was working in a low-wage job.

                        “I don’t want anyone else to have to go through what I went through, ever,” said Bush, now 45, wiping away tears. “I don’t care what the circumstances are, and so I’m going to fight now that I’m in a position to be able to do something about it.”

                        Waters said House leaders should have forced a vote and Biden should not have let the warnings from one Supreme Court justice prevent him from taking executive action to prevent evictions.

                        “The president should have moved on it,” Waters said. She vowed to try to pass the bill again when lawmakers return from a recess.

                        Some places are likely to see spikes in evictions starting Monday, while other jurisdictions will see an increase in court filings that will lead to evictions over several months.

                        The administration is trying to keep renters in place through other means. It released more than $1.5 billion in rental assistance in June, which helped nearly 300,000 households. The departments of Housing and Urban Development, Agriculture and Veterans Affairs extended their foreclosure-related eviction moratoriums through the end of September on households living in federally insured, single-family homes late Friday, after Biden had asked them to do so.

                        ___

                        So zraver has been after me to go after Biden. Well, here it is. I can honestly say this is an issue where Biden has fucked up colossally and needs to have his head examined.

                        People getting thrown out of their homes, and at a time when Delta is now roaring through the country, and Biden not doing anything about it is simply inexcusable.

                        The conservatives in Congress and the Supreme Court naturally don't give a shit, but that's hardly news.
                        Supporting or defending Donald Trump is such an unforgivable moral failing that it calls every bit of your judgement and character into question. Nothing about you should be trusted if you can look at this man and find redeemable value

                        Comment


                        • Weird flex for someone who claims to be "not a lrftist"but OK. I hoped you woukd bash his corruption, hard left policies etc. Instead you bash him not going hard left enough.

                          With all the free money given out how is any one facing eviction? The unemployment plus up is still in effect in most states. Child tax credit money is rolling in too.

                          The eviction ban massively distorted the market. People who need homes can't find them because people who deserve to be evicted can't be. There should have been a means test or formulation where at the very least you had to pay something, some percentage of your Trump and Biden handout dollars to your landlord. Entrepreneurs would have found a way to provide housing if there was a revenue stream.

                          It sucks to be a young family right now. Homes for sale or rent are near impossible to find anywhere within commuting distance of most metro areas. Between lumber and metal price volatility and landlords being gun shy demand is outstripping supply.

                          Comment


                          • Originally posted by zraver View Post
                            Weird flex for someone who claims to be "not a lrftist"but OK.
                            You don't need to be a leftist to have empathy and compassion for someone who isn't you or an immediate family member.

                            Originally posted by zraver View Post
                            It sucks to be a young family right now. Homes for sale or rent are near impossible to find anywhere within commuting distance of most metro areas. Between lumber and metal price volatility and landlords being gun shy demand is outstripping supply.
                            Careful there. Keep talking like that and some right-winger is gonna think you're a leftist.
                            Supporting or defending Donald Trump is such an unforgivable moral failing that it calls every bit of your judgement and character into question. Nothing about you should be trusted if you can look at this man and find redeemable value

                            Comment


                            • Originally posted by TopHatter View Post
                              You don't need to be a leftist to have empathy and compassion for someone who isn't you or an immediate family member.
                              Very very few people have not been handed oodles of money during the pandemic. There should have been a means test or a formula for rents.

                              Careful there. Keep talking like that and some right-winger is gonna think you're a leftist.
                              Describing market distortions and the harms caused in part by the government is pretty typical rightwing fare.

                              Comment


                              • Originally posted by zraver View Post

                                Very very few people have not been handed oodles of money during the pandemic. There should have been a means test or a formula for rents.
                                Which has jack shit to do with having empathy for people


                                Originally posted by zraver View Post
                                Describing market distortions and the harms caused in part by the government is pretty typical rightwing fare.
                                Sure but holy shit you sound like a goddamn bleeding heart liberal when you talk like that.
                                Supporting or defending Donald Trump is such an unforgivable moral failing that it calls every bit of your judgement and character into question. Nothing about you should be trusted if you can look at this man and find redeemable value

                                Comment

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