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Congressional Stimulus Talks Stall... Congressional Stimulus Talks Stall...

12-25-2020 , 02:01 AM
Quote:
Originally Posted by synth_floyd
Trump's last, desperate gasp for relevancy and attention. I mean I hope we do get $2k checks, but lol where was this last week? Or 3 months ago? 6 months ago?

Trump is a sad man and mentally ill too probably.
He’s playing 4d chess.

-Scott Adams, probably
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12-25-2020 , 02:02 AM
Quote:
Originally Posted by jmill
The most persuasive speech he gives is every speech he gives 48 hours after his last speech.
Today is the day Donald John Trump became President.
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12-25-2020 , 02:04 AM
Quote:
Originally Posted by A_C_Slater
Two centuries ago, a somewhat obscure Scotsman named Tytler made this profound observation:


"A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship."



Trump accepts his electoral defeat and is now playing the long game to install his Son-in-law (who many Christians believe to be the Antichrist as he is tasked with brokering a Middle East peace deal and he owns a Manhattan skycraper with a 666 fifth avenue address) as dictator so he can rule from behind the throne like Tywin Lannister.
Please describe the process by which Kushner’s installation takes place? I assume you mean he’s positioning Ivanka to be elected and operate as a Stepford figurehead?
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12-25-2020 , 02:15 AM
I predict Kushner will win the 2024 Presidential election after four years of a relentless right wing propo campaign of hatred against Biden/Harris, the prophecy has been foretold.
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12-25-2020 , 05:47 AM
Quote:
Originally Posted by A_C_Slater
This doesn't just happen in democracies. For most of human history small empires would eventually have all the plebes in debt to the king. Being so deep in dept to a king that could never be repaid causes a heroic revolutionary to rise up among the people and overthrow the king. The heroic revolutionary becomes the new king and absolves all debt gaining loyalty from the people.


Then the new king's ancestor's put all the serfs in debt over the decades to fund their higher standards of living and the cycle repeats. My source for this is 'Debt the first 5000 years' by David Graeber


Some ancient kings were wise to this cycle and had debt jubilees roughly every seven years.
If we go by the European history of monarchy, this is a grossly incorrect summary.

Monarchs were rarely creditors, on the contrary they often had huge financial problems and debts of their own. As the costs of raising and maintaining armies rose and demands of infrastructure increased, they became unpopular to extend loans to (loaning money to someone with enormous expenses, volatile income and absolute power not being particularly enticing).

In medieval times, like now, extending large loans were largely the business of bankers and conglomerates of bankers, not monarchs.
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12-25-2020 , 10:16 AM
Quote:
Originally Posted by A_C_Slater
This doesn't just happen in democracies. For most of human history small empires would eventually have all the plebes in debt to the king. Being so deep in dept to a king that could never be repaid causes a heroic revolutionary to rise up among the people and overthrow the king. The heroic revolutionary becomes the new king and absolves all debt gaining loyalty from the people.


Then the new king's ancestor's put all the serfs in debt over the decades to fund their higher standards of living and the cycle repeats. My source for this is 'Debt the first 5000 years' by David Graeber


Some ancient kings were wise to this cycle and had debt jubilees roughly every seven years.
Of course it has happened throughout history.

The idea of a democracy was to allow the serfs to have a say in ruling themselves so it would hopefully mitigate that cycle.

Do you have an example of a modern democracy (since the enlightenment) voting it's money to the serfs and then collapsing ?

As far as I can tell that's just an old conservative/anti-democratic talking point.
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12-25-2020 , 12:18 PM
Quote:
Originally Posted by tame_deuces
If we go by the European history of monarchy, this is a grossly incorrect summary.

Monarchs were rarely creditors, on the contrary they often had huge financial problems and debts of their own. As the costs of raising and maintaining armies rose and demands of infrastructure increased, they became unpopular to extend loans to (loaning money to someone with enormous expenses, volatile income and absolute power not being particularly enticing).

In medieval times, like now, extending large loans were largely the business of bankers and conglomerates of bankers, not monarchs.
Correct. The Rothschilds became one of the richest families in history by lending money to European monarchies to finance wars
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12-25-2020 , 02:28 PM
I am aware of European Kings and being in debt, but most of the time those bastards just defaulted on the debt anyway. In the long run that caused their lineage to fall as none of the financiers trusted them. The main reason why the Netherlands managed to become a world power despite being a tiny and in some parts below sea level country is that their royalty actually honored their debts. Since the Dutch received a reputation for always honoring their debts all the money eventually flowed to that country, they had the first real stock market.
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12-27-2020 , 08:29 AM
LOL, Trump now doing what Peolsi did.

Spoiler:
Holding out for something that's never gonna happen
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12-27-2020 , 09:26 AM
Quote:
Originally Posted by itshotinvegas
LOL, Trump now doing what Peolsi did.

Spoiler:
Holding out for something that's never gonna happen
Because Mitch is still in charge.

I just posted a link from a NYT article that talked about how Biden's austerity gave the dems cover to go lower. lol@usCitizens.
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12-27-2020 , 09:41 PM
Finally
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12-27-2020 , 10:16 PM
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12-28-2020 , 11:23 AM
Though im sure the $2000 stimulus vote will go through today

Reality is the stimulus checks are just stupid. The relief should be targeted like other countries do. Giving money to folks that have not lost their job is just dumb.
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12-28-2020 , 11:35 AM
Quote:
Originally Posted by lozen
Though im sure the $2000 stimulus vote will go through today

Reality is the stimulus checks are just stupid. The relief should be targeted like other countries do. Giving money to folks that have not lost their job is just dumb.
1. A "stimulus check" should be as broad as possible, imo.

2. Most people who lost their jobs I suspect are receiving, or will soon receive, Unemployment checks.
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12-28-2020 , 03:01 PM
Agreed with Lozen. Keep the stimulus check the same (Or eliminate them), boost unemployment payments and small business relief, and make sure you're spending on fraud defense.
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12-28-2020 , 06:49 PM
The stimulus checks are probably (originally) intended less as aid and more as a boost to consumer economy. Welfare and unemployment benefits are more directed at necessities.

But it seems a lot of people (relatively speaking) are in dire financial straits and it might be why it has become more of a financial aid topic in the political discourse. It's also a less complicated subject and thus makes for easier frontpage news.

As long as one accepts the trillion+ of stimulus dollars which has been pumped into the financial system to keep it afloat, I don't see why individual stimulus checks should be controversial. They will by and large go to the very taxpayers which have paid to keep the financial system stable, something which is currently netting wealthy people in the US enormous amounts of money (a stable haven is worth oodles in uncertain financial times).
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12-28-2020 , 07:20 PM
House votes to boost stimulus checks to $2,000 with bipartisan support

Quote:
Forty four Republicans joined the vast majority of Democrats in passing the bill on a 275-134 vote.
Now on to the Senate where Mitch and his merry band of Republican ghouls will kill it
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12-28-2020 , 07:38 PM
Quote:
Originally Posted by goofyballer
merry band of Republican ghouls
Speaking of:

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12-28-2020 , 09:02 PM
Quote:
Originally Posted by goofyballer
House votes to boost stimulus checks to $2,000 with bipartisan support



Now on to the Senate where Mitch and his merry band of Republican ghouls will kill it
I like how quickly the House moved to sign this bill.

The fact that it has significant bipartisan support is good news.

It's unlikely to be easy for Mitch to dismiss it without political costs.

Nancy and her team should be all over TV telling Mitch that he is the Grinch who stole Christmas, and this is his chance to redeem himself.
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12-28-2020 , 09:16 PM
Quote:
Originally Posted by CheckCheckFold
I like how quickly the House moved to sign this bill.

The fact that it has significant bipartisan support is good news.

It's unlikely to be easy for Mitch to dismiss it without political costs.

Nancy and her team should be all over TV telling Mitch that he is the Grinch who stole Christmas, and this is his chance to redeem himself.

Bernie is going to try to play hardball to force Mitch’s hand.

https://www.politico.com/amp/news/20...verride-451697
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12-29-2020 , 01:50 AM
Momentum is growing to pass the $2k checks.

Bernie will filibuster the defense bill unless the $2k checks get a vote. Marco Rubio says he supports $2k checks. I assume it only needs 60 votes to pass and that all dems are supportive of it.
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12-29-2020 , 01:55 AM
Thinking purely from a political standpoint, I can't help but wonder if it's better for the Democrats in the Senate races if this fails. If it passes, Trump and the Republicans will of course take credit. If it were to fail, I believe it would have to hurt them.

Quote:
Originally Posted by goofyballer
Speaking of:
Well, I see his point - who wants to see economic stimulus funds used to stimulate the economy?
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12-29-2020 , 02:13 AM
Quote:
Originally Posted by Bobo Fett
Thinking purely from a political standpoint, I can't help but wonder if it's better for the Democrats in the Senate races if this fails. If it passes, Trump and the Republicans will of course take credit. If it were to fail, I believe it would have to hurt them.
I was thinking the same thing.
I could use $2000 but taking moscow mitch the grim reaper out of the drivers seat might be good.
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12-29-2020 , 10:49 AM
Quote:
Originally Posted by steamraise
I was thinking the same thing.
I could use $2000 but taking moscow mitch the grim reaper out of the drivers seat might be good.
You guys think Mitch cares ?
Theoretically he should but I think he nixes it no matter what.

FWIW Larry Summers says no stimulus is needed. It's not like the Dems really want this either. A few do. But we can always eat cake, as usual.
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12-29-2020 , 11:41 AM
Quote:
Originally Posted by Bobo Fett
Thinking purely from a political standpoint, I can't help but wonder if it's better for the Democrats in the Senate races if this fails. If it passes, Trump and the Republicans will of course take credit. If it were to fail, I believe it would have to hurt them.

Well, I see his point - who wants to see economic stimulus funds used to stimulate the economy?
Isnt that the problem overall? Its not weather the people need the stimulus its all about which party can benefit more.

I am not sure how many Americans are affected by Covid but lets say its 20% . Why would you give $2000 to someone making a $100,000 a year that is still working. Im Sure Mitch and Nancy do not need the checks.
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