Pig wearing lipstick spins porkulus
- Thread starter The Anonymous
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The Anonymous
Bag On My Head
Some time next week, the DEMOCRAT-dominated Senate will try to get around a ruling from the Senate parliamentarian, Elizabeth MacDonough, that says $15 minimum wage hike cannot be included in the $1.9 trillion porkulus spending bill that DEMOCRATS are scheming to pass using a “budget reconciliation”.
A minimum wage hike is clearly not a fiscal matter, and therefore should be ruled “not germane” and therefore not included in a reconciliation vote.
Maybe MacDonough will capitulate to DEMOCRAT threats, blandishments, and manipulation, but if not, the parliamentarian’s rulings can be overturned by a simple majority vote, so if all 50 DEMOCRATS hold the line, they can include the minimum wage hike with Shamala Hairless breaking the tie.
Because DEMOCRATS are willing to use their bare majority to change the rules for this issue, what other rules will they change next?
A minimum wage hike is clearly not a fiscal matter, and therefore should be ruled “not germane” and therefore not included in a reconciliation vote.
Maybe MacDonough will capitulate to DEMOCRAT threats, blandishments, and manipulation, but if not, the parliamentarian’s rulings can be overturned by a simple majority vote, so if all 50 DEMOCRATS hold the line, they can include the minimum wage hike with Shamala Hairless breaking the tie.
Because DEMOCRATS are willing to use their bare majority to change the rules for this issue, what other rules will they change next?
The Anonymous
Bag On My Head
Yeup, BagBoy isn't very good at this, but we all have limits, and he stays within his.
The Anonymous
Bag On My Head
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, says the watchdog group has identified more than $310 billion in spending that it said has little to do with the pandemic and another $500 billion that could be cut without fundamentally changing the package.
https://www.usatoday.com/story/money/2021/02/25/covid-relief-bill-stimulus-check-critics-bidens-stimulus-goes-too-far/6804219002/
https://www.usatoday.com/story/money/2021/02/25/covid-relief-bill-stimulus-check-critics-bidens-stimulus-goes-too-far/6804219002/
I dunno how much of that going forward is going to be a real problem since it isn't being spent &/or wasted till then but I do wonder what real impact it is having "on all the poor ppl dying of hunger in this country"..
Stimulus checks spark 2.4% surge in consumer spending and boost economy in early 2021
According to that usatoday article many are simply saving it, I guess they aren't dying of hunger or cold any time soon??
Additionally if they are out buying tv's, new cloths etc-generally stuff produced in other countries, it isn't even doing much to get our ppl back to work or spurring our economy......
the waltons cash in, their employees still need assistance & the workers in Vietnam & china cheer for more......
Stimulus checks spark 2.4% surge in consumer spending and boost economy in early 2021
According to that usatoday article many are simply saving it, I guess they aren't dying of hunger or cold any time soon??
Additionally if they are out buying tv's, new cloths etc-generally stuff produced in other countries, it isn't even doing much to get our ppl back to work or spurring our economy......
the waltons cash in, their employees still need assistance & the workers in Vietnam & china cheer for more......
I dunno how much of that going forward is going to be a real problem since it isn't being spent &/or wasted till then but I do wonder what real impact it is having "on all the poor ppl dying of hunger in this country"..
Stimulus checks spark 2.4% surge in consumer spending and boost economy in early 2021
According to that usatoday article many are simply saving it, I guess they aren't dying of hunger or cold any time soon??
Additionally if they are out buying tv's, new cloths etc-generally stuff produced in other countries, it isn't even doing much to get our ppl back to work or spurring our economy......
the waltons cash in, their employees still need assistance & the workers in Vietnam & china cheer for more......
Good points Wild Bill.
By the time that $15 mandated wage kicks in, it will very likely be wiped out by inflation, Skip.
The Anonymous
Bag On My Head
But much of the $4 trillion federal stimulus allocated last year remains unspent, says Adam Andrzejewski, CEO of OpenTheBooks, a government transparency group.
https://www.usatoday.com/story/money/2021/02/25/covid-relief-bill-stimulus-check-critics-bidens-stimulus-goes-too-far/6804219002/
https://www.usatoday.com/story/money/2021/02/25/covid-relief-bill-stimulus-check-critics-bidens-stimulus-goes-too-far/6804219002/
If inflation takes off this country is in trouble.
T. A. Gardner
Serial Thread Killer
Assuming that all the low wage jobs that would pay $15 an hour haven't been taken by AI and robots...
That's exactly what some are predicting, Cap.
Former Treasury Secretary Larry Summers, a DEMOCRAT, says the hazard of a stimulus package that is too large is the risk of inflation, which many economists try to forecast by looking at the gap between actual and potential economic output.
That gap is currently about $50 billion a month, based on a Congressional Budget Office analysis, but the stimulus would generate about $150 billion a month, three times the size, Summers says. If lots of customer demand can’t be met by a limited capacity of labor, factory machines and other supplies, that likely would drive up wages and prices.
The Biden plan could “set off inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability,” Summers wrote in The Washington Post.
The Federal Reserve’s preferred inflation measure was at 1.3% in December and the Fed has vowed to keep its key interest rate near zero even if inflation rises above its 2% target for some time. But an unexpected surge in prices could force the central bank to raise interest rates more abruptly than anticipated, possibly causing a recession, Morgan Stanley says.
https://www.usatoday.com/story/money/2021/02/25/covid-relief-bill-stimulus-check-critics-bidens-stimulus-goes-too-far/6804219002/
Why is it democrats as a whole cannot see a little into the future? Not like the truth you are talking about is something unknown.
Shades of Carter......
It's worse than that.
The bill would create one of the largest expansions in government welfare benefits since the birth of the modern welfare state. In combination with December’s $900 billion package, the new bill would expand the safety net to include six months of weekly $400 bonus unemployment benefits on top of the normal weekly benefits, a $3,000-a-child tax credit, an expansion of food stamps and rental assistance, $2,000-a-person checks, and expanded health benefits.
Unlike wages and salaries earned from work, many of these benefits are tax-free. So the after-tax equivalent of receiving a paycheck versus government benefits is even more tilted against working. There is no 7.65% payroll tax deducted from an unemployment check, as there would be on a paycheck.
Supplemental unemployment-insurance benefits in the range of $400 a week would offer roughly 60% of unemployed workers more money for not working than for returning to their jobs. During the last serious recession, in 2009, the supplemental benefits under the Obama stimulus were $25 a week.
When the original Cares Act passed in early 2020, the added benefit would reduce employment by millions when jobs came back.
Sure enough, Labor Department statistics verified that millions of jobs went unfilled last summer even as unemployment was historically high.
https://www.wsj.com/articles/how-many-jobs-will-the-stimulus-kill-11614295867?mod=opinion_lead_pos8
Malaise, Cap'n.
How many times does this have to be polled up the right-wing flagpole before the reds learn? I read about it in National Geographic in the 60s. It is what the owners do to scare people from demanding fair pay. If they could have replaced the workers they would have already.
yep, easily...