One, Big Beautiful Bill (The Mega-Bill)

[nikcers]

We need a Constitutional Amendment declaring that the Federal government cannot incur debt and pass debts to the public.

There is never, EVER, any profitable reason for this Federal "government" - which is really supposed to be a mere assembly of
constituent state governments (under the truly American Articles of Confederation) to BORROW FAKE MONEY from FOREIGN BANKS.

At least in the Civil War days, we had more sense, financially anyway. The Greenbacks were a GENIUS idea because they incurred NO DEBT.

Confidence was so HIGH in the Greenback (United States Notes) that they were roughly on par with gold... eventually, they became
totally on par with gold, and they were Constitutional Money.

This is the same path out of the whole mess. Why does nobody ever talk about it, especially when there is historical precedent?

Issue United States Notes. Pay off all Federal Debt with the USN's. Same as when USD's overtook Demand Notes in 1862.

Prohibit the US Gov from EVER borrowing money again via Constitutional Amendment. There is never a conceivable reason for the Federal assembled body to borrow money. In the event of a lack of liquidity, it may inject USD's that must be recognized as Legal Tender.

It is the enforcer of authority. It makes the LAW.

Problem Solved. Just like in the 1860's. No Debt. No Federal Reserve. No more of this bullcrap.

Why would we fold our hand and give away the pot in the poker game when we have a royal flush?

 

[acptulsa]

 

[Anti Federalist]

I think one difference is that back in 2008, we were expecting the markets to anticipate the bankruptcy and cause the dollar to crash, but they didn't. But now we're running into an actual, physical brick wall, which is the interest on the debt.

Roughly 68 percent of gov debt is fixed rate.

If you could get rid of Powell, and lower rates, 32 percent of debt would take care of itself, and then "refinance" the remaining amount.

Not a cure, of course, but another way to kick the can down the road again.

 

[Voluntarist]

House Freedom Caucus attacks Senate Megabill (The MAGA-Bill?)

The House Freedom Caucus is circulating a memo sharply criticizing the Senate-passed GOP megabill as Republican leaders work to secure hard-liners’ votes Wednesday.

The three-page document seizes on more than a dozen modifications to the bill made after it passed the House in May. Some, but not all, were due to Senate budget rules requiring the elimination of some provisions to sidestep a Democratic filibuster.

One issue that cannot be entirely attributed to decisions made by the Senate parliamentarian include the revised bill’s outsized deficit impact: “The bill violates the House framework of $1 of tax cuts for $1 of spending cuts (with 2.6% economic growth), increases the deficit by $761 billion without interest and more $1.3 trillion with interest after changes were made in base text and a wrap-around amendment was adopted,” the memo says. “This was not what Leader [John] Thune and Speaker [Mike] Johnson promised.”

 

[oyarde]

Roughly 68 percent of gov debt is fixed rate.

If you could get rid of Powell, and lower rates, 32 percent of debt would take care of itself, and then "refinance" the remaining amount.

Not a cure, of course, but another way to kick the can down the road again.

Im almost doubtful could even get a percent off interest rate . Im guessing inlation spikes again from govt spending , printing. Im expecting Nov 2025 - all of 2026 for inflation to be more unless economy collapses. One percent would be enuff to move home sales creating more inflationary pressure in nation w/ not enuff quarters for people. Low oil prices are only positive weve got going now. Dollar declining suddenly , rapidly, private employment declining.All new jobs are govt and public education

 

[Brian4Liberty]

Incentives...

 

[Brian4Liberty]

 

[Voluntarist]

The embedded Xeet said that there were four Republicans opposing the motion to proceed:
- Andrew Clyde (GA)
- Brian Fitzpatrick (PA
- Victoria Spartz (IN)
- Keith Self (TX)

... didn't Massie vote against it?

 

[Voluntarist]

We need a Constitutional Amendment declaring that the Federal government cannot incur debt and pass debts to the public.

... sooooo, not going to happen then, right?

 

[oyarde]

The embedded Xeet said that there were four Republicans opposing the motion to proceed:
- Andrew Clyde (GA)
- Brian Fitzpatrick (PA
- Victoria Spartz (IN)
- Keith Self (TX)

... didn't Massie vote against it?

Probably wont vote for bill but probably all but fitzp[atrick will vote to proceed with vote, Speaker said he had votes at 3:30 am

 

[Snowball]

... sooooo, not going to happen then, right?

Of course not. It has not even been raised as a possibility. It would require massive changes if we kept the current regime in place, because the Federal Government is still enslaved to the Bank of London. Rather than issue its own money and not pay interest, it is beholden to its masters in London. The United States has basically rescinded its sovereignty.

 

[Madison320]

Roughly 68 percent of gov debt is fixed rate.

If you could get rid of Powell, and lower rates, 32 percent of debt would take care of itself, and then "refinance" the remaining amount.

Not a cure, of course, but another way to kick the can down the road again.

It doesn't work that way. You can't just change the rate of a treasury note. You have to wait until it matures and then sell a new note at a lower rate.

So the question is who is going to buy that debt at a lower rate? And the answer it the federal reserve is going to print money to buy those notes.

Do you see the problem there?

 

[acptulsa]

It doesn't work that way. You can't just change the rate of a treasury note. You have to wait until it matures and then sell a new note at a lower rate.

So the question is who is going to buy that debt at a lower rate? And the answer it the federal reserve is going to print money to buy those notes.

Do you see the problem there?

People who would never buy a junk bond accept the junkiest of junk bonds -- backed by the national debt that they know will never be repaid -- in exchange for their hard labor because the government calls it "money". And even as they see examples like Zimbabwe, and even as they see the value of the stuff shrink like wool in a hot dryer, they think it can last forever.

Human faith in government is an amazing phenomenon. Well, at least those who died of the Covid jab won't die broke because of that same faith in government.

 

[Anti Federalist]

It doesn't work that way. You can't just change the rate of a treasury note. You have to wait until it matures and then sell a new note at a lower rate.

So the question is who is going to buy that debt at a lower rate? And the answer it the federal reserve is going to print money to buy those notes.

Do you see the problem there?

Of course I do, I have never not seen the problem.

I just don't think it is solvable and that there are other, more pressing issues to be dealt with first.

 

[acptulsa]

I just don't think it is solvable and that there are other, more pressing issues to be dealt with first.

The Fed enables them, it enables Israel, and the FRN is denuding all of us of all our wealth and our power.

Turning our backs on the Fed would be our one chance to avoid the hell they're herding us towards. If only we could see that.

 

[Voluntarist]

Sweet Meteor Of Death
I was hoping, but it looks like it'll pass on the opposite side of the Sun from us (see: NASA Discovers Interstellar Comet Moving Through Solar System)

 

[nikcers]

The mostly party-line vote of 218-214 came one day ahead of Trump’s July 4 deadline with just Reps. Thomas Massie, R-Ky., and Brian Fitzpatrick, R-Pa., voting against it.

House passes sprawling domestic policy bill, sending it to Trump's desk

The Republican package would slash taxes, boost spending on immigration enforcement and the military, and impose steep cuts to Medicaid, SNAP and clean energy funding.

www.nbcnews.com

 

[spudea]

Massie said he had at least 10 no votes. What a liar and loser. How many fundraising emails is he pushing out recently.

 

[nikcers]

Massie said he had at least 10 no votes. What a liar and loser. How many fundraising emails is he pushing out recently.

There's just no way they can stay in office if they're on record jacking up the taxes. The only reason why someone like a Thomas Massie can get away with it is because their no vote doesn't stop the legislation from passing.

If the Republicans shut down the government or passed a tax increase the democrats would win a super majority in the mid terms and maybe even a super majority in 2028 with the power to rip up the constitution.

 

[acptulsa]

Massie said he had at least 10 no votes. What a liar

Yo, Tater. You're the liar, because you're stupid enough to believe Newswire. Loser.

Hell, that doesn't even allege he specified Republican votes.



Their source appears to be Reese Gorman, after a very brief and hurried exchange in a hallway.



You Trumpsucking cucks crack me up. You'll literally swallow any shit at all. He unleashes you like a pack of rabid dogs, and you fall back on your mantra: Trust The Narrative. Verify nothing.

I guess that works for you, but why do you still expect us to give you the reaction you troll for, after thousands and thousands of failures?

There's just no way they can stay in office if they're on record jacking up the taxes.

Care to back your bullshit up, bot? One, the thing never prevented tax hikes. Spending bills are rarely revenue bills, and when they are, they're usually tax hikes themselves. It's stupid to think a spending bill includes a provision preventing a tax hike. Two, so much has been cut out of that turkey I don't have any idea if the tax cuts are even still in it.