You know, the one he ordered day before yesterday. Well....never mind. It was too much for even republicans (well, the smart ones anyway) to swallow.

The incompetence and sheer stupidity is just getting started with this administration.

https://thehill.com/homenews/5...ding-freeze-rescind/

The Trump’s administration’s Office of Management and Budget released a new memo Wednesday rescinding a controversial memo issued late Monday that froze a wide swath of federal financial assistance, which had paralyzed many federal programs and caused a huge uproar on Capitol Hill.

The decision came amid strong behind-the-scenes pushback from Republican lawmakers on Capitol Hill, according to a GOP senator who was apprised of the decision to reverse Monday’s budget memo.

Another fucking failure by Drumpf.

Meanwhile Elon Musk speaks to the German AFD giving the Nazis another salute.

The clown car just can't get their shit together.

Spending has got to be stopped. Waste, fraud, and abuse must be rooted out. We have let the bureaucracy get bloated and the NGOs get dug like fat ticks sucking blood — while usually undermining the government. It is going to be difficult to reverse. Those blood sucking leaches are not going to turn loose easily. The swamp monsters are going to demand their steak. But I for one appreciate him trying any way possible. Maybe…just maybe for the future of this country he will find a viable way.

Our country is dieased just as RFKjr describes our populace. The agencies and NGOs have gotten obese on the green sugar from the treasury’s printing press. We have to find the right wrench to tighten down that treasury valve.

It put every city and county in a position not to meet services.

The President did not have this authority and ran hard when the heat got turned on.

But you do not care about real abuses of power against the restrictions of the Constitution.

One of my simple pleasures is to come on to this forum and while drinking coffee read the replies and imagine the Loony Lefties bashing the shit out of their keyboards while the spit runs off their chins.

It is absolutely wonderful witnessing the fall out of this funding freeze. Suddenly these corrupt organizations are shitting themselves and it is a wonderful sight. Including our Government, the ever spectacular cunts that are the ANC.

quote:

Originally posted by LHeym500:
It put every city and county in a position not to meet services.

The President did not have this authority and ran hard when the heat got turned on.

But you do not care about real abuses of power against the restrictions of the Constitution.

What I care about is the deficit and spending. It must be cut any damn way it can be — right down to real needs of the populace. A REAL budget needs to be passed.

I work for and talk to the populace daily along with my mayor and my county commissioner — both personal friends. I heard of no hardships. My advice to you is to quit being part of the problem and start being part of the solution.

quote:

Originally posted by Snav:
One of my simple pleasures is to come on to this forum and while drinking coffee read the replies and imagine the Loony Lefties bashing the shit out of their keyboards while the spit runs off their chins.

It is absolutely wonderful witnessing the fall out of this funding freeze. Suddenly these corrupt organizations are shitting themselves and it is a wonderful sight. Including our Government, the ever spectacular cunts that are the ANC.

Many people have attitude, perception fostered and temporarily satiated with their simple, absolutely wonderful imaginary pleasures. There's never enough. Must be replenished often.

The idea that seems most satisfying to the attitude is that the remedy to corruption is reciprocal corruption, more and harsher.

What would a psychiatrist call that? Maybe circular justifications of perception, IOW self-perpetuating sick fantasy,

quote:

Originally posted by ledvm:

quote:

Originally posted by LHeym500:
It put every city and county in a position not to meet services.

The President did not have this authority and ran hard when the heat got turned on.

But you do not care about real abuses of power against the restrictions of the Constitution.

What I care about is the deficit and spending. It must be cut any damn way it can be — right down to real needs of the populace. A REAL budget needs to be passed.

I work for and talk to the populace daily along with my mayor and my county commissioner — both personal friends. I heard of no hardships. My advice to you is to quit being part of the problem and start being part of the solution.

I have often wondered about the deficit spending pertaining to govt. I've experienced it personally years ago and didn't like the consequences. But govt deficit spending is different and we all know it. The std conservative argument is that our household budget should be balanced with surplus, so should our govt "household"

I don't pretend to know enough about this to write my views from real knowledge. The scope is too much and includes history, economics, theory and reality.

But I generally opine that the so-deemed conservative "fix" is flawed. I realize my opinion could be and probably is bias and based on my general perception of conservativism, which I think is flawed in many ways - too many to list now.

Some conservatives, like Lane, think this is simple.

I think that before a person gets all carried away with his opinions and himself he ought to do some reading and reconsidering and understanding.

Here's a start:

https://en.wikipedia.org/wiki/Deficit_spending

Deficit spending

Here's some excerpts:

William Vickrey, awarded the 1996 Nobel Memorial Prize in Economic Sciences, identified deficits being viewed as profligate spending as his #1 fallacy of Financial Fundamentalism when he commented:

"This fallacy seems to stem from a false analogy to borrowing by individuals. Current reality is almost the exact opposite. Deficits add to the net disposable income of individuals, to the extent that government disbursements that constitute income to recipients exceed that abstracted from disposable income in taxes, fees, and other charges. This added purchasing power, when spent, provides markets for private production, inducing producers to invest in additional plant capacity, which will form part of the real heritage left to the future. This is in addition to whatever public investment takes place in infrastructure, education, research, and the like. Larger deficits, sufficient to recycle savings out of a growing gross domestic product (GDP) in excess of what can be recycled by profit-seeking private investment, are not an economic sin but an economic necessity. Deficits in excess of a gap growing as a result of the maximum feasible growth in real output might indeed cause problems, but we are nowhere near that level. Even the analogy itself is faulty. If General Motors, AT&T, and individual households had been required to balance their budgets in the manner being applied to the Federal government, there would be no corporate bonds, no mortgages, no bank loans, and many fewer automobiles, telephones, and houses."

— 15 Fatal Fallacies of Financial Fundamentalism[4]

==============================================

Fiscal conservatism
Advocates of fiscal conservatism reject Keynesianism by arguing that government should always run a balanced budget (and a surplus to pay down any outstanding debt), and that deficit spending is always bad policy.[citation needed] The neoclassical-inclined Chicago school of economics has supported fiscal conservative ideas. Numerous states of the United States have a balanced budget amendment to their state constitution, and the Stability and Growth Pact of the European Monetary Union punishes government deficits of 3% of GDP or greater.

Proponents of fiscal conservatism date back to Adam Smith, founder of modern economics.[citation needed] Fiscal conservatism was the dominant position until the Great Depression, associated with the gold standard and expressed in the now outdated Treasury View that government fiscal policy is ineffective.[citation needed]

The usual argument against deficit spending is the Government-Household analogy: households should not run deficits—one should have money before one spends it, from prudence—and that what is correct for a household is correct for a nation and its government. A similar argument is that deficit spending today will require increased taxation in the future, thus burdening future generations. (See generational accounting for discussion.)

Others argue that because debt is both owed by and owed to private individuals, there is no net debt burden of government debt, just wealth transfer (redistribution) from those who owe debt (government, backed by tax payers) to those who hold debt (holders of government bonds).[5]

A related line of argument, associated with the Austrian school of economics, is that government deficits are inflationary. Anything other than mild or moderate inflation is generally accepted in economics to be a bad thing. In practice this is argued to be because governments pay off debts by printing money, increasing the money supply and creating inflation, and is taken further by some as an argument against fiat money and in favor of hard money, especially the gold standard.[6]

==========================================================

There is a lot more in this article and other good sources, enough to get a good understanding.

quote:

Originally posted by Mike Mitchell:
You know, the one he ordered day before yesterday. Well....never mind. It was too much for even republicans (well, the smart ones anyway) to swallow.

The incompetence and sheer stupidity is just getting started with this administration.

https://thehill.com/homenews/5...ding-freeze-rescind/

The Trump’s administration’s Office of Management and Budget released a new memo Wednesday rescinding a controversial memo issued late Monday that froze a wide swath of federal financial assistance, which had paralyzed many federal programs and caused a huge uproar on Capitol Hill.

The decision came amid strong behind-the-scenes pushback from Republican lawmakers on Capitol Hill, according to a GOP senator who was apprised of the decision to reverse Monday’s budget memo.

My skepticism and informed speculation is kicking in.

I figure the "funding freeze" is some bastard scheme dreamt up by Trump. You remember, the guy who knows more about everything than anybody. But the scheme didn't come out of thin air this time, like straight out of Trump's noggin or arsh. I think it came from Heritage Foundation and Project 2025 co-conspirators.

The "problem" and why it didn't stick is because Trump didn't understand the issues and just threw it out there as a test. What's he got to lose?

We haven't seen the last of this. The Project 2025 team will re-group and Trump may listen next time.

But as I recall it was Trump who suggested removal of the debt ceiling.

Now reconcile that!!!

quote:

What I care about is the deficit and spending. It must be cut any damn way it can be — right down to real needs of the populace. A REAL budget needs to be passed.

I hate to break it to you, but the GOP has been far the worst on this subject. But you know that.

quote:

Originally posted by ledvm:

quote:

Originally posted by LHeym500:
It put every city and county in a position not to meet services.

The President did not have this authority and ran hard when the heat got turned on.

But you do not care about real abuses of power against the restrictions of the Constitution.

What I care about is the deficit and spending. It must be cut any damn way it can be — right down to real needs of the populace. A REAL budget needs to be passed.

I work for and talk to the populace daily along with my mayor and my county commissioner — both personal friends. I heard of no hardships. My advice to you is to quit being part of the problem and start being part of the solution.

Do you think the populace would have voted for Trump if they knew their real needs would not be met?

Trump denied belief in Project 2025, and now here he is, embracing it.

One of my son's guitar students, employed by the feds as a volcanologist, got one of Trump's eight-month letters (take a severance package equal to eight months pay...or else), as did all of her co-workers.

These people monitor volcanoes in Alaska and Pacific NW so that aircraft and the populace can be warned of eruptions. One of the government's safety measures. If their whole section is wiped out, we can expect more air crashes as planes fly into ash clouds. Four people whose jobs were taken away. Also, my son loses the income from a student who can no longer afford lessons.

These drastic cuts will have ripple effects throughout the people and the economy.

quote:

Do you think the populace would have voted for Trump if they knew their real needs would not be met

The only reason they picked Trump was because the alternative was an utterly stupid, ignorant, lying moron!

A system of government which allowed the elected regime to spend only what the economy produced would be interesting to try.

There is no incentive to be fiscally responsible because each administration is only looking as far ahead as the next election. Except if you are Norway.

The US govt system is broken. You only need to look at the last couple of cycles and the candidates to see that.

quote:

Originally posted by nute:
A system of government which allowed the elected regime to spend only what the economy produced would be interesting to try.

There is no incentive to be fiscally responsible because each administration is only looking as far ahead as the next election. Except if you are Norway.

The US govt system is broken. You only need to look at the last couple of cycles and the candidates to see that.

What about yours?

Between Starmer and Rachel hell bent on screwing everyone??

quote:

Originally posted by wymple:

quote:

What I care about is the deficit and spending. It must be cut any damn way it can be — right down to real needs of the populace. A REAL budget needs to be passed.

I hate to break it to you, but the GOP has been far the worst on this subject. But you know that.

Trump is about the re-acquaint us with the problems of central planning, something the Russians discovered decades ago.

quote:

Originally posted by Magine Enigam:

quote:

Originally posted by Mike Mitchell:
You know, the one he ordered day before yesterday. Well....never mind. It was too much for even republicans (well, the smart ones anyway) to swallow.

The incompetence and sheer stupidity is just getting started with this administration.

https://thehill.com/homenews/5...ding-freeze-rescind/

The Trump’s administration’s Office of Management and Budget released a new memo Wednesday rescinding a controversial memo issued late Monday that froze a wide swath of federal financial assistance, which had paralyzed many federal programs and caused a huge uproar on Capitol Hill.

The decision came amid strong behind-the-scenes pushback from Republican lawmakers on Capitol Hill, according to a GOP senator who was apprised of the decision to reverse Monday’s budget memo.

My skepticism and informed speculation is kicking in.

I figure the "funding freeze" is some bastard scheme dreamt up by Trump. You remember, the guy who knows more about everything than anybody. But the scheme didn't come out of thin air this time, like straight out of Trump's noggin or arsh. I think it came from Heritage Foundation and Project 2025 co-conspirators.

The "problem" and why it didn't stick is because Trump didn't understand the issues and just threw it out there as a test. What's he got to lose?

We haven't seen the last of this. The Project 2025 team will re-group and Trump may listen next time.

But as I recall it was Trump who suggested removal of the debt ceiling.

Now reconcile that!!!

He didn't suggest removing the debt ceiling; he sorta demanded it.

Thing is if individuals over-borrow there is always bankruptcy to bail them out [the orange oaf knows more about that than anyone else for sure], but the Govmint can't do that. People like Lane can espouse spending cuts until the cows come home, but it's a lot easier for those who aren't hurting for money than for those who are of which there are many.

I wonder what it would be like if there was financial equality and every American had a $500,000 income.