Another “government shutdown” looms if Democrats’ pet programs are not funded.
“The fact that Republicans need Democrats to vote for a temporary spending measure to avoid a shutdown gives Democrats leverage to force the GOP to abandon plans to attack funding for environmental programs and Planned Parenthood.”
As I see it, Republicans have three alternatives:
1) “Compromise” with the Democrats, which will guarantee big government as usual for the foreseeable future, as the Democrats can employ the same tactics every time the debt ceiling is reached.
2) Dust off the “trillion dollar coin” strategy proposed about five years ago. It appears to be legal, it would not increase the national debt and it would not require additional interest payments.
https://en.wikipedia.org/wiki/Trillio...
3) Call their bluff. Trump would have lots of leeway on which government programs get funded and which do not. It would be great fun to see a massive reduction of funding for programs that benefit the Democrats’ core constituencies.
Option 3 would be preferable and option 2 would be an improvement on the current situation. Unfortunately, option 1 is the most likely.
As I see it, Republicans have three alternatives:
1) “Compromise” with the Democrats, which will guarantee big government as usual for the foreseeable future, as the Democrats can employ the same tactics every time the debt ceiling is reached.
2) Dust off the “trillion dollar coin” strategy proposed about five years ago. It appears to be legal, it would not increase the national debt and it would not require additional interest payments.
https://en.wikipedia.org/wiki/Trillio...
3) Call their bluff. Trump would have lots of leeway on which government programs get funded and which do not. It would be great fun to see a massive reduction of funding for programs that benefit the Democrats’ core constituencies.
Option 3 would be preferable and option 2 would be an improvement on the current situation. Unfortunately, option 1 is the most likely.
I say option 3.
Don't compromise with the left. You get no credit or compromise from them.
If the Dems shut the government down, Trump can do what every business does when it is running short -- prioritize spending the revenue that is available. He might have to lay off areas he doesn't want anyway but you can bet he won't make a point of making it painful.
It only serves to make the GOP look weak, cowardly and stupid as illustrated in what has to be my favorite editorial cartoon~
http://comicallyincorrect.com/2014/12...
Call the bluff. Tell the control freak fascist Dems to do their worst and to go to hell while they're at it. In the meantime, the GOP needs to make a loud noise about exactly what the Jackass Party is doing and why. Add that they care more about power than the American people.
Will this happen? Me dino does not think so. It takes a spine to do such things and the mainstream GOP is a weaselly rat pack of gutless cowards. I'm beyond fed up with the curs.
However, I agree with you CBJ, the con-gress is filled with gutless, statist looting eunuchs. The cowards will continue to waste the peoples' scarce resources until the country is as bankrupt as Bernie Madoff.
Not because Slick Willie once said that.
Unlike Slick Willie, I'm telling the truth.
You have the cuhones I would gladly have you represent me in govt.
Just shut it down if that is what it takes.
Contrary to that the OP suggests, the article says Democrats what to change slightly what the gov't does with all this newly increased borrowing. Apparently Democrats are mostly okay with gov't spending and doing it with borrowing, they just want it spent on things that get them elected. The article says Democrats have "privately floated the idea" they might agree to Republicans' borrowing and spending as long as they get their spending too. I find it disgusting.
So the OP says, what to do; what to do. It would be great fun to see one side get their money. Commenters want to see them figure out a way to make President Obama look bad.
What would be fun for me is their actually reducing spending and borrowing, me not to be sending $25k to the Treasury because my quarterly ESs last year were not enough. Despite all this baloney, all mainstream politicians agree on massive spending and borrowing. So we just bump up our quarterlies; Q1 is due next week. :(
I wish people who found great fun in arguing over the crumbs of the Federal budget, crumbs since there's no debate about dismantling the global empire, Social Security, or the prison industrial complex, would get their jollies some other way, I don't know maybe hurting animals or something, and leave the world to people who want to reduce gov't.
Sorry for saying it curtly. It sounds more curt on the screen than I meant it.
The unstated premise is Republicans mostly oppose gov't spending and borrowing. We can tell the premise is wrong by looking President Trump's proposed budget and his proposal to borrow $1 trillion a year.
If the premise were true, your logic makes perfect sense to me. In this scenario, I would look for an Option 4 or 5, and agree Option #3 is the best of the three.
The reasoning is valid, but a premise is wrong, so the result is not sound.
If we suppose the duopoly supports spending and borrowing, then big gov't as usual is guaranteed regardless.
The post is literally about a childish squabble. There's no real debate about the major gov't spending, a massive social security system and an empire of bases around the world. But it's supposedly great fun if a few crumbs fall here instead of there. I can see how this matters to people in the politics industry, people who literally get paid to make one another look bad, but people doing the actual work will keep sending in those huge non-fun quarterly estimates.
No figuring required. His record of disaster is clear.
As for Trump, there was never any chance he could follow through on his promises of capital spending and lower taxes unless there are big cuts in government programs. Neither the democrats nor the GOP will be in favor of big enough cuts in government programs to save the US economy from socialism. The dems never want any cuts and the GOP just pretends it wants cuts.
CG, you voted for people who expanded programs and promised more of the same. After those actions your criticism of Trump's economic plans is hollow and hypocritical.
This is your guess. My guess is if Clinton had won the electoral college and Congress were still controlled by Republicans, spending for FY2018 would have stayed with projections, just as it does in President Trump's budget. The deficit would have stayed in the $450 billion dollar range, less than half of what President Trump proposes.
We'll never know whose guess is right. I'm not concerned about that. I am concerned that the bipartisan consensus is that we don't even question an expensive and intrusive gov't and we fund it by borrowing.
"inevitable"
I am not giving up. One of my Senators has a national debt clock right on the home page of his website. I'm sending his office polite letters saying I'm watching for his efforts to reduce the borrowing.
I don't think I understand the trillion dollar coin. In that scenario, the mint prints a large sum of money, deposits it in the Fed Reserve, the Fed then "breaks" the large coin/bill for the gov't allowing the gov't to buy back bonds.
I struggle to see any difference between that an QE. Why not just have the Fed use QE to purchase Treasuries?
This is more a case of me not understanding the nuts and bolts of the monetary system than disagreeing/agreeing with anything.
https://en.wikipedia.org/wiki/United_...
In one respect, your comment regarding Clinton is accurate in that historically having the presidency and congress controlled by the same party has had horrible results regardless of which party had control. However, Clinton would very likely have chosen extreme liberals for the supreme court and the GOP would have eventually approved them resulting in a much worse result in terms of government expansion. There would also have been no chance for any reversal of Obamacare under Hitlery, while that chance still exists under trump.
I dislike both Hitlery and Trump, and have been consistent in that respect. Trump's choices for cabinet positions supporting the criminal banking cartel is the biggest disappointment albeit predictable.