Debt Ceiling 2023
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@Mik said in Debt Ceiling 2023:
Cut it like a business does.
Businesses I've worked for typically cut lots of stupid shit, and leave the bloody obvious untouched.
We once had a delegation fly in from Germany to Canada by executive jet, and then arrive in a stretch limo in order to give us a presentation on reducing expenses. It really improved morale no end!
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@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
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@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
@Aqua-Letifer said in Debt Ceiling 2023:
@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
I'm probably OK with that.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@Aqua-Letifer said in Debt Ceiling 2023:
@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
I'm probably OK with that.
@George-K said in Debt Ceiling 2023:
@Aqua-Letifer said in Debt Ceiling 2023:
@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
I'm probably OK with that.
Well, I'm in line in front of them, so I'm not a big fan.
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@George-K said in Debt Ceiling 2023:
@Aqua-Letifer said in Debt Ceiling 2023:
@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
I'm probably OK with that.
Well, I'm in line in front of them, so I'm not a big fan.
@Aqua-Letifer What the heck is your avatar??? It looks like a cat face in Joker makeup.
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@Aqua-Letifer What the heck is your avatar??? It looks like a cat face in Joker makeup.
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@George-K said in Debt Ceiling 2023:
@Catseye3 it's a red panda, offering its opinion:
Indeed. I don't know why he's wearing what he's wearing, but who understands red pandas anyways.
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@George-K said in Debt Ceiling 2023:
@Catseye3 it's a red panda, offering its opinion:
Indeed. I don't know why he's wearing what he's wearing, but who understands red pandas anyways.
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@Axtremus said in Debt Ceiling 2023:
@Aqua-Letifer said in Debt Ceiling 2023:
Link to video… but who understands red pandas anyways.
Yes, that is indeed a movie that features a red panda.
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Quote from earlier this week:
Former Trump OMB Director, Mick Mulvaney, to @thedispatch: "The truth of the matter is that the first two years of the Trump administration, when the Republicans had the House and the Senate, we raised spending faster than the last couple of years of the Obama administration."
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https://www.cnn.com/2023/01/19/politics/debt-ceiling-deadline-treasury/index.html
The U.S. has hit the debt ceiling. Treasury starting to take "extraordinary measures."
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I think premium bonds are more likely.
But hopefully the threat of them will make the GOP realize their hand is only so strong, and the ugliness of them will make the Dems realize their hand is only so strong, which will lead to some reasonable compromise.
But I’m not sure I’d bet on it.
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I think premium bonds are more likely.
But hopefully the threat of them will make the GOP realize their hand is only so strong, and the ugliness of them will make the Dems realize their hand is only so strong, which will lead to some reasonable compromise.
But I’m not sure I’d bet on it.
@jon-nyc said in Debt Ceiling 2023:
... which will lead to some reasonable compromise.
But what is a reasonable compromise for the "debt ceiling" issue?
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@jon-nyc said in Debt Ceiling 2023:
... which will lead to some reasonable compromise.
But what is a reasonable compromise for the "debt ceiling" issue?
Everyone would have their own definition.
My own definition would be a combination of tax increases and benefit cuts that put us on a 10 year path to keep debt sustainably at 95% of GDP or less. It would have to be a bipartisan deal, since anything else would get undone a few years later.
As I said before, I’m not holding my breath.
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@jon-nyc said in Debt Ceiling 2023:
... which will lead to some reasonable compromise.
But what is a reasonable compromise for the "debt ceiling" issue?
@Axtremus said in Debt Ceiling 2023:
@jon-nyc said in Debt Ceiling 2023:
... which will lead to some reasonable compromise.
But what is a reasonable compromise for the "debt ceiling" issue?
Penny Plan.
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McCarthy says cuts to Social Security and Medicare are off the table.
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Public sentiment:
... Just 26% of Americans adopt McCarthy's position that Congress should allow the government to pay its debts only if the administration agrees to cut federal spending. A broad 65% instead align with Biden's view that the issues of debt payment and federal spending should be handled separately.
Even among Republicans, fewer than half – 48% – support coupling debt payment with cuts in federal spending. ...
... about eight in 10 adults across the political spectrum are concerned about the economic impacts of a default, and being very concerned peaks among Republicans, at 59%.
..
