Does anyone understand the holdup on stimulus?

#101
#101
carlos86 said:
Senators Rob Johnson and Rand Paul are actually holding it up. Bernie Sanders and Republican Senator Josh Hawley go authored legislation that would cut $1,200 checks. Ron Hohnson today on the senate floor wouldn’t allow a vote on it. So now Hawley is threatening to shutdown the government if $1,200 check aren’t included in the stimulus.
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Paul always holds up Senate business -- he will be a nobody if they lose control because of Georgia runoffs
 
#105
#105
Y9 Vol said:
And the Dems don't? It is just the Rs turn.
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Bernie Sanders and Hawley agreed to a compromise which had Dem leadership approval. After that happened. McConnell to Paul, and Johnson to block the legislation.



Sanders and the Dems went back to McConnell to put forth another compromise.

 
#107
#107
carlos86 said:
Bernie Sanders and Hawley agreed to a compromise which had Dem leadership approval. After that happened. McConnell to Paul, and Johnson to block the legislation.



Sanders and the Dems went back to McConnell to put forth another compromise.

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Once Again..."THIS ROUND"
 
#111
#111
There’s no reason for another round of $1200 checks. I know that they’ve been tossing around a compromise of $600 per person, so we’ll see if that goes anywhere.
 
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#112
#112
508mikey said:
yes but the danger is losing Senate control and these Kentucky hicks are going to cause it -- then what ? Biden and Harris pass everything they want
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One of the poison pills McConnell had added to the stimulus prevents Biden and his administration from using Federal Reserve assistance in case their is another economic downturn next year.
 
#113
#113
carlos86 said:
One of the poison pills McConnell had added to the stimulus prevents Biden and his administration from using Federal Reserve assistance in case their is another economic downturn next year.
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wont matter when the GOP loses control of the Senate - McConnell is screwed either way - from what Ive seen with the mail in crap in Georgia right now its likely to happen
 
#119
#119
When the doody hits the fan, which is getting ever so closer, the administration at that time will be blamed instead of the ones who caused it. And people will act like this would/should have never happened.
 
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#121
#121
carlos86 said:
I don’t remember Senator Johnson giving floor speeches on how much he cared about the deficit when he voted for $2.289 trillion in tax cuts
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Tax cuts didn't raise teh deficit. Increased spending did.
 
#122
#122
NEO said:
Honestly, what does 1200 do for anyone in today's world?

Unless you are 20 and living with a roommate odds are 1200k gets your family through 1 more week and barely.

Just don't shut everything down and let people work.
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But, but, but I'm on a fixed income. This will allow me to pay my electric bill.
 
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#123
#123
hog88 said:
Tax cuts didn't raise teh deficit. Increased spending did.
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“To finance TCJA’s tax cuts, the government will issue additional Treasury securities and pay additional debt service. Including that spending, the deficit effects of TCJA are larger. CBO’s 2018 update, for example, puts the conventional deficit increase from TCJA at almost $2.3 trillion over its first decade. The corresponding dynamic score is a $1.9 trillion increase.”

Congressional Republicans: let’s cut taxes and increase spending then when it goes downhill we will blame the opposition.


“Those revenues are far below expected spending, which CBO sees rising from 21 percent of GDP in 2020 to 23.4 percent in 2030. Absent dramatic spending cuts or revenue increases, the public debt will continue to grow faster than the economy.”
 
#124
#124
carlos86 said:
“To finance TCJA’s tax cuts, the government will issue additional Treasury securities and pay additional debt service. Including that spending, the deficit effects of TCJA are larger. CBO’s 2018 update, for example, puts the conventional deficit increase from TCJA at almost $2.3 trillion over its first decade. The corresponding dynamic score is a $1.9 trillion increase.”

“Those revenues are far below expected spending, which CBO sees rising from 21 percent of GDP in 2020 to 23.4 percent in 2030. Absent dramatic spending cuts or revenue increases, the public debt will continue to grow faster than the economy.”
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Yes, spending caused deficits.
 
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