The fine GOP House majority

If he said monkeys not sure that’s a good choice of words when 2/3 of the people nominated yesterday were black. Knowing what the word has become for racists, probably best not to use it to describe other humans in general. Just saying…

 

Biden did not say monkeys. But the old expression brings out the gist of the situation.

 

LOL

 

Heh. Good stuff there.

One of the things that I like about our man GWB is that he usually starts the day now- these days anyway- with a couple posts trashing and bashing Elon and Twitter and saying that is all going to die and no one is using Twitter anymore.

Then he spends the rest of the day re-posting Twitter threads.

It's all good.

 

Why would defense stocks get a pop.

 

Interest doesn't just have priority, rather it is mandated to be paid by The Constitution. Treasury has plenty of money from tax revenue to service the debt. What the Treasury needs more money for is to fund Congreffional spending. --Debt payments are not Congreffional spending.

 

Let's see how McCarthy's desperate policy of appeasement to the right-wing rebels works out.

McCarthy bid sees glimmer of hope after late-night concessions
https://www.politico.com/news/2023/01/05/mccarthy-bid-00076520

 

By the way, the debt ceiling should not be raised anymore and we need to live within our means. That being said----if spending were controlled and the debt ceiling not raised, you would initially see the mother of all stock crashes. In the long term, this would be a good thing for The US.

 

I dunno. I discussed that a bit yesterday.

There are constitutional issues there. The constitution provides for unsworn members to vote for the purpose of electing a Speaker. And it is a given that they can vote on procedural issues such as whether to adjourn and convene and all of that. But changing what constitutes a majority or plurality etc is a substantive change. It is true that the House can and has made very quick rule changes, but those were by sworn members.

Probably the House Parliamentarian would weigh in on that too.

Not going to argue the case here. Just sayin it may have constitutional issues.

 

And what would happen to the US and global economy if the creation of dollars ground to zero and the US no longer issued debt?

The concept of “means” doesn’t even apply to our economic system. I don’t know what you mean by in the long term it would be a good thing for the US. Our current long term prospects are wonderful right now.