Congress funding the government one week at a time.

Congress moves to avert a government shutdown this weekend. The new deadline is just a week away.

https://finance.yahoo.com/news/congress-moves-to-avert-a-government-shutdown-this-weekend-the-new-deadline-is-just-a-week-away-191038267.html

 

Must be a new economic theory. 

 

Mike Johnson:

"Look, the appropriations process is ugly, democracy is ugly," House Speaker Mike Johnson told reporters Thursday morning.

 

Democracy is Ugly?

Really?

Nothing really new is it - this has happened before with the always overspending and constant borrowing.

I haven't checked, but a one week extension seems to be setting a new record for brevity....after all...it is The Congress. lol.

The old theory still works - print more money and borrow more money to keep the government rolling along.

 

This borrow more theory is heavily used in Canada too - including national, provincial, regional, cities and towns and boroughs as all keep on borrowing more and keep piling up the debts and can just barely payoff the loan interests instead of the actual debt.

 

In Canada any politician campaigning with "balance the budget" promises is lying as it never happens, and the opposite is always true as there is instead more borrowing and more spending.

National, the results are always the same with higher taxes and increases in inflation. For the rest of Canada it is higher taxes and suffering from increased inflation.

Edited by 0lds0d, 01 March 2024 - 04:40 PM.

I am sure this funding will be fixed in the next few days. 

OTOH government shutdowns have happened  before in the US of A.

 

Update: https://www.reuters.com/world/us/us-congress-makes-last-minute-bid-avert-government-shutdown-2024-02-29/

What can you say about a morally defunct country and a party that does not behave or value it's heritage and bends a knew to a Orange God.

I support the closing of and shutting down the government in order to stop funding ukraine in support of a balanced budget.

You can print and give money to ukraine but treat us citizens like second class citizens along with allowing a literal invasion at the southern border with a highly reckless immigration policy of allowing millions across per year while illegals get money and housing and free things all while hundreds of thousands of homeless us citizens and veterans go without screw that AMERICA FIRST screw other nations and screw illegals deport THEM ALL THIS IS NOT RACIST NOR IS IT PRACTICING RACISM like some may believe and think.

I really fear for the coming generations and the huge burden they will have to bear.  They just keep kicking the can down the road.  No plans to fix the problems but we can spend months on undermining the opponent party's plans.  Stop the BS, do the nations work.  It's going to hell and they keep throwing more on the fire.  The corruption is evident when DEI rears its ugly head.  Slowly but surely the corporations are fighting back against insane policies and declarations.  Uneconomical and industry killing proposals want to eliminate air conditioning, gas stove, gas water heaters, gas space heaters and without one word of the immense infrastructure that must be built to support the alternative electric devices because it can't even support electric cars yet.

I really fear for the coming generations and the huge burden they will have to bear.  They just keep kicking the can down the road.  No plans to fix the problems but we can spend months on undermining the opponent party's plans.  Stop the BS, do the nations work.  It's going to hell and they keep throwing more on the fire.  The corruption is evident when DEI rears its ugly head.  Slowly but surely the corporations are fighting back against insane policies and declarations.  Uneconomical and industry killing proposals want to eliminate air conditioning, gas stove, gas water heaters, gas space heaters and without one word of the immense infrastructure that must be built to support the alternative electric devices because it can't even support electric cars yet.

100% Agree but others find being America First and taking care of your own TABOO, and until they see through the BS that they are fed, they will continue down the path of destruction. I read earlier in the news that Ukraine is now allowing non-citizens of their nation to serve in its national guard, maybe some of these I STAND WITH UKRAINE Parents should send their kids overseas that are 18 to 30 and still living at home because they went to school under the guise that everyone needs a 4 year degree and can't find work to support a cause they would be proud of.

I support the closing of and shutting down the government in order to stop funding ukraine.....

And I remember you posting 'freedom isn't free'.

Congress years ago created the border issue and the rules they follow.

 

Your Congress must change the laws before can stop the flow.

 

Presidential Auths do not make it past the Judges since Trump used the Health Card on them.

 

The fix lays with reasonable educated people elected to congress, they just have to work together better to get actual laws passed.   

 

This Congress now is lowest laws passed ever in the same period of time as others in the past.   You vote for what you got, fanatics.

I hadn't intended for this thread to go into arguments restricting funding for national security.

 

But:

 

You vote for what you got, fanatics.

 

That is a serious problem facing us.

While a minority, that's all it takes to disrupt a complex society. Determined extremists.

 

Add fanatics electing fanatics....

and the absurd becomes normalized.

 

By elements like 'coach' Tuberville to 'coach' Jim Jordan and his wrecking crew.

@ OO

 

 

The old theory still works - print more money and borrow more money to keep the government rolling along.

 

This borrow more theory is heavily used in Canada too

 

 

That has been a general 'fix it' for a long time but not the only way to generate Federal debt.

Trump used the maneuver, cut taxes until the revenue stream was grossly insufficient. Evan with budget cutting, Federal debt occurred to cover necessities and the unexpected costs from a pandemic in the last 2 years of his administration.

 

Some think further budget cutting will solve the debt crisis in the face of an ongoing and expensive pandemic recovery.

Now Biden has to address Russian expansion, concerns over China and the Middle East.

That won't be inexpensive. But it's a necessity for maintaining national security.

 

As much as our elected officials have often been irresponsible, so has the general public in terms of consumer debt versus emergency and retirement savings.

 

Me.....I was taught to save for the future. And I did.

IMO, Social Security and many current social support mechanisms are at risk and likely won't last a decade.

At that time, few will argue about the debt crisis, more will simply want/need more and more support to survive.....a bit late to correct a debt problem effectively.

 

 

@JBG

 

Question. Why is the U.S. of A. in the Middle East? Historically or previous decades and present day reasons please.

Just to protect the U.S. oil interests? Or are there more altruistic reasons?

 

As for Russia - Russians have been expanding and no one really made an issue over it, such as Georgia or the Crimea. As for Ukraine, it's NATO that needs to stand up and physically act, not leave the onus on the Americans.

 

China can be swatted in one fell swoop - destroy their fragile teetering economy and that alone would bring it down. China is very close to an economic meltdown - all it needs is a good push to knock it down.

 

 

As for the U.S. of A. foreign spending, we do the same in Canada by donating massive amount of funds to foreign nations. And we always have done so.

I keep shaking my head and ask why don't we instead give that money to our own people and help our selves first and the rest of the world should come second.

Edited by 0lds0d, 02 March 2024 - 10:43 AM.

JBG

 

"Me.....I was taught to save for the future. And I did.

Edited by 0lds0d, 02 March 2024 - 10:51 AM.