Topic: House to consider stopgap funding measure today to avert government shutdown (Read 195 times)

indeed!

American taxpayers are now slaves to interest payments

The recent monthly Treasury statement from the Fiscal Service showed that the Treasury Department paid $88.9 billion in October on interest for the federal debt. That’s almost double what it paid in October of the previous year. Worse, the Treasury is projecting interest payments for the fiscal year to exceed $1 trillion. Every month that goes by, the Treasury increases that forecast as the outlook worsens.

https://www.foxbusiness.com/economy/american-taxpayers-now-slaves-interest-payments

eventually they're going to have to erase all that debt off the books by just hitting that delete button and bankrupting alot of people but they won't care. or just keeping up the facade of printing larger and larger amounts of money but then they'll run out of ink.  

In a sense yes, it's a problem of both parties but it doesn't excuse Biden. I found this story:

https://www.forbes.com/sites/annakaplan/2021/10/28/biden-administration-reportedly-considering-450000-payments-to-families-separated-at-southern-border/?sh=6694fc0c66f4

Biden Administration Reportedly Considering $450,000 Payments To Families Separated At Southern Border
The Biden administration is reportedly considering making payments of approximately $450,000 to each person separated from their family at the southern border, the Wall Street Journal reports, showing signs of a potential settlement for several lawsuits that claim the U.S. government’s policies left them with lasting psychological effects.


Now granted it was from a few years ago but still. That's so ridiculous. There's hardworking americans who never earn that much money in their entire LIFE and sleepy joe is willing to give any tom dick and harry that crossed the border and got lost a half a million dollars. Set them up for life all at hardworking americans expense. when will it end? biden wants to ruin the middle class.

it's like this huge giveaway of cash that never stops. he just keeps finding new people to try and print more money for to give away for free. keep someone like that in office for too long and american is a goner. 100% imagine migrants riding around in lambos. that's what joe wants. 

This story I think I have read it before, did not something similar happened when the United States was about to default on its debt by reaching the debt ceiling? It was all shouting and apparent panic but in the end it happened and every time has happened, the parties got an agreement in the last minute and the American market was saved from a very predictable collapse.
The same is going to happen with the funding of the government, I have got the feeling the Republican party (or at least part of it) is just seeking to sow some chaos within the administration of Joe Biden by obstructing processes which are supposed to be a matter of common sense, so the country can function as it is supposed to.
Regardless of whether you are in for a small government or not, a functioning one is still necessary for society to keep going, a major party and the house speaker is not supposed to play at implanting the chaos like this, of the president was republicans this would not be happening.

This problem is beyond this party or that party, it is a fundamental problem with the long term policies of the US regime. If you look at the debt chart over the years, it has been constantly rising and there are always jumps in the chart whenever the regime starts a new war.

For example from 1995 to 2000 the US national debt is in $5 trillion territory with not much rise but in early 2000 as Bush (a republican) starts his wars the US national debt doubles in a little more than 5 years and before his term ends in 2009 he has successfully brought the debt to $12 trillion.
After that Obama came and was both caught in the ditch Bush had dug for him and the holes he dug himself with the money he spend supporting ISIS he brought US debt from $12 to about $20 trillion.
Then an idiot came along called Trump who had no understanding of anything and dug those holes deeper and in only 4 years he brought the US debt from $20 to $28
And of course the senile Joe who is in all those holes his predecessors had dug and new holes he keeps digging so this is where we are today.

The worst part is that on one hand they can not change these policies because the artificial country called United States has been built on wars, invasion, resource theft, colonization and mayhem. The day a POTUS stops overseas killing for resources is the day US ends.
On the other hand US can no longer keep the overseas "adventures" up anymore because it is no longer post world war time where other countries are either weak or destroyed so US can come and steal their everything.
Look at the recent news of the past 5 years for example. Every day US military bases overseas are attacked and over the past 40 days the number and strength of these attacks have increased significantly. One of the armies attacking them is the Iraqi military arm Kataeb brigade that has been bombing the shit out of US military bases in Iraq and Syria ever since US deployed troops in Gaza. All US has done in response was to sanction them

seems like it should be illegal but i guess when you are president you can do anything you want to with no checks and balances. i hope the people that voted for biden vote for him again because they got what they wanted.

the reason they would separate from the United States is because they are tired of being invaded. But they'll have to foot the bill for that. Most of them don't have the money to do it though.

I wonder how long until Americans start voting republican.

The Republicans are a complete shambles and have been for quite a few years now. The fact that you can have totally sensible, what should be middle ground politics, that descends into taking the most extreme positions from the single other party that poses opposition is terrible for America and democracy in general. Politicians should not be seeking to throw up barriers at every opportunity, but work with each other to reach a fair compromise on some of the trickiest questions that society has to face. The fact that over a hundred Republicans are being held hostage by 8 of the most extreme right wing supports is destroying the country and the fastesr these extremists are voted out the better, as they are only serving themselves at this point.

Seems this is a regular occurrence under the current administration. Rampant money printing & funding of wars we are not even directly involved in, oh dear. Hopefully now that inflation looks to be somewhat under control things start to get better for the average guy on the street.

Nah, everything is fine. There is no economic, energy, food, etc. crisis at all. This is all fake LOL.

In all seriousness though, this was expected with the way Biden is burning through money and the printers are working 24/7 increasing the US national debt. The worst part is that this is still nothing compared to what is coming in the following years as the debt goes beyond $50 trillion and different States start their separation from United States and US ends up with the same fate as USSR.

However I wonder how long before Americans start heavily investing in the only capped money in existence which is Bitcoin...

The US Senate on the evening of November 15 approved a bill to extend government funding. Prior to this, the corresponding document was supported by members of the House of Representatives. The previously agreed upon temporary funding for the government and the prevention of a shutdown, defined by the bill in October, expired today, November 17.

Today in the news there was a message that Biden has already signed this law, which provides for two-stage financing of the government, which will prevent the suspension of its work (shutdown). Therefore, all problems have been resolved for now.

In its first phase, the bill provides funding through Jan. 19 and includes appropriations for agriculture, military construction and veterans' affairs, energy and water. The second phase, which is proposed to be extended until February 2, will include funding for the remaining government agencies.

how are they going to do that? they're damned if they do and damned if they don't. print more money? make inflation larger and their paycheck is worth less. don't print more money and stop getting their paycheck completely. seems like a no win situation but one is better than the other i guess.

another problem is how biden is just trashing the economy by forgiving everybody's student loans. we've turned into a socialist country 100%. biden just lets everyone off the hook for everything. and gives out taxpayer money like it's infinite. amazing that people would ever vote for him again.

i'll get off my soapbox but biden sucks...

the only thing you'll never see biden (or anyone) do is make a universal basic income for everyone. he is all about helping only certain groups not everyone.

You know, if you are in charge of the "Money Printers" and you can quickly pop out a Billion Dollars here for this war and then pop out another Billion to fund the Iron Dome in another country, then things will eventually start to crumble.

One thing is certain... most government employees do not want the government to fall, because the majority of them are there to take a salary, so they will eventually agree to save their own salaries. 

it's not just every year now. it's like every month!   or at least every few months. i think we got a real serious problem that they are either going to have to raise that debt ceiling by larger amounts in one feel swoop or they'll be voting to raise it every few weeks at some point. it will really be ridiculous at that point. fast food employees will be making $50 per hour minimum. saying that's not enough they need higher wages.


i don't know if it's true but i heard they are spending $150 billion per year on migrants. that's why you see them raising peoples' taxes to make up the difference...but they'll never stop giving themselves a paycheck no way.

you would think instead of raising taxes and trying to bust people for not paying taxes on their bitcoin capital gains they could fire these irs employees and just print more money. then you don't have to pay people.

   There are nuts everywhere; imo, it's better to stay in the land of plenty.  Maybe just don't venture too close to the city

Seems this happens every quarter, they make a threat about potential shutdown & then at the last minute agree a deal. The cynical side of me says that they are manipulating stock markets & buying when there is uncertainty, probably then selling when they agree a deal & everybody else pumps the markets.

If the debt ceiling will be raised every few months, then the matter has changed from being an economic problem that must be considered to a political issue that will be pressured to obtain concessions every few months, and in the end the debt ceiling will be raised.
There will be some discussions and theories that the United States will default on its debts, but at the last moment more money will be printed, which if it continues, within 10 years, the debt ceiling will be raised on a monthly basis, so to save time, I hope it will be raised by tens of trillions as long as they will print more.

It had stopped for a while but there were government shutdowns a few years ago as well, so this isn't anything new.  I don't exactly know what's going on as far as funding everything, but the US government is way too big as it is.  No wonder taxes are so high and (from what I've read) most people don't trust politicians and/or government institutions.

Some fat needs to be trimmed, I know that for sure but it's never a politically popular decision to do it, which is why said fat never gets trimmed.  Ugh.  What a mess this country is in.

All those meetings are pointless anyway. Eventually they would of came up with a bill and spend countless money anyways, and the deficit would keep going up and rates will keep going up as a result.

I watched those meetings on CSPAN and you can see those workers sleeping and yawning and basically shows you how seriously they take all of this. They are never going to make any meaningful cuts.

I need to hit lottery and leave to USA 🇺🇸 it has become a mad house. Nuts to the left and right of me.

Is this the kind of eternal drama where Democrats and Republicans play to the gallery by making it look like the world is going to end, only to come to an agreement at the last minute?

It sounds to me like we have the same story every year.

I find it pretty boring, actually.

https://www.cbsnews.com/news/government-shutdown-2023-mike-johnson-stopgap-funding-bill/

House Speaker Mike Johnson's plan to prevent a government shutdown will be considered by the House on Tuesday, according to a notice sent to lawmakers late Monday night.

The stopgap measure to temporarily fund the government, known as a continuing resolution, will be put on the House floor under a procedure known as suspension of the rules. This enables it to bypass the House Rules Committee, where Republicans had signaled they would not advance the bill. Considering the measure under suspension comes with some caveats: it cannot be amended, and it requires a two-thirds majority to pass the House.

This type of situation seems like it is happening every few months now in the USA. Ridiculous. Shut down the government and lets start saving some money! I think by now we can all see that it's just smoke and mirrors and most government jobs are really not essential we could do without them. eventually we'll have to. because they can't keep approving bills like this forever...

what do YOU guys think?