I wouldn’t be surprised if Trump tries to sneak in border wall money
Thank you, Captain Obvious.
So Mnuchin, who’s one of the NYC contingent in Trump’s F Troop is saying that Harvey relief funding is tied to the debt limit increase. And Meadows, who’s a Freedom Caucus guy, is saying that’s a non-starter. At the same, Jared Kushner is attending a Meadows fundraiser. WTF is going on? Can this WH get any more non-functional?
I, for one, am looking forward to this month’s kabuki production. Mark Meadows and Jim Jordan, you’re up!
Or, since the whole “beautiful wall, paid for by Mexico” campaign promise was nothing but a con game to win rube votes, this would be the time for Prez. Grifter to sting the marks with an announcement along the lines of “Thanks for your support, but we’re going to temporarily forego the border wall … because Harvey.”
Well, duh!
I read yesterday that the White House has already quietly told Congress that the money for the wall doesn’t have to be in the budget, right after Trump loudly proclaimed he’d make Congress fund it. (Of course!)
“The Harvey relief would pass on its own, and to use that as a vehicle to get people to vote for a debt ceiling is not appropriate,” Meadows told the Washington Post.
So Meadows thinks it “is not appropriate” to attach something that would pass, but it’s “appropriate” to attach to the debt ceiling a bunch of unpopular, cruel, destructive budget cuts that are only supported by a handful of his radical, extremist right-wing ideologues.
Makes perfect sense to me, you fu*king hypocrite.
Well, that’s just “The Art of the Deal.”
“The Harvey relief would pass on its own, and to use that as a vehicle to get people to vote for a debt ceiling is not appropriate,”
Meadows displays his mastery of the flawed basic economic arithmetic that defines so many GOP fiscal conservatives. They refuse to increase tax revenue to pay for their increased spending preferring instead to put the increased spending on the credit card. But they also refuse to increase the credit limit on the card after they max it out. Who could have known that grade school arithmetic could be so hard.
Why yes, yes they can and very likely will.
No, Mr. Secretary; let me (a layman) explain it to you. The debt limit needs to be increased to pay our outstanding bills; otherwise, we go in to default. One has nothing to do with the other, you lying little shit. You display as much understanding of our financial system as Congressman Meadows, which is to say none at all. Take your gold-digging wife and your ill-gotten Goldman Sachs money and go buy a nice island somewhere. Not only do we have the Worst President Ever, he has appointed the most incompetent Cabinet in U.S. history. We are well and truly fucked. (Please excuse my profanity.)
Cash flow is cash flow. If Treasury was going to run out of cash to pay the debt service, plus everything else already obligated, on date X, it stands to reason that a new decision to start sending railroad carloads of cash to Texas would cause us to run out of cash sooner than date X. You can separate these two events, but the Texas Disaster Socialism event just puts more pressure on the debt ceiling getting done sooner. Given how hard it is to get Congress to do anything, and how relatively slowly they do it, combining these might make some sense. I can’t fault Mnuchin for suggesting it.
Has he ever heard of the GOP Freedumb Caucus? Dems can’t help you with them. You need to face your own limitations and stop acting hopeful when they aren’t going to budge.
It’s become so evident why Wall Street caused the September 2008 worldwide banking crisis. These billionaire hedge fund wonderkids have no idea what they are doing and the monster what St. Reagan created within their own party.
Ask him to forego his tax cuts for the rich?
Mnuchin: Congress Needs To Raise Debt Limit To Ensure Harvey Relief Aid – And His Wife’s Shopping Trips.
We all know that’s what he is thinking.
Well, sure, but that’s a separate subject that also has no impact on the need to raise debt ceiling very soon–long before such a cut would impact USGs cash on hand.