BREAKING REPORT: GOP Speaker McCarthy Caved, Debt Ceiling Deal Reached Through Handshake
(www.rightjournalism.com)
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Each time debt ceiling is raised the worse it gets. Words mean nothing, action is everything. I'm sick of politicos who know nothing about finance, running a business, taxes or cutting waste lecturing us and posturing on the great job they did in putting us deeper in the hole. Most of the people on this board would be able to identify waste the instant they saw it. But these bastards bury hundreds of $Billions in Omibus bills that never get read.
I would love it if every adult American was given a single page from just one Department of government's budget and asked to circle anything that they find wasteful. We would never need a rise in the debt ceiling. In fact, we'd probably not have to pay income taxes if we could get rid of the waste.
by waste, you mean money laundering, right?
No, that's the fraud. Waste is junkets to resorts, travel to places like Paris, Rome, Tahiti or Davos Switzerland with all your family to attended a "meeting". Waste is hiring 100 people in your department to do the regular work of 10 people, all of whom will owe you something down the road. Asking for "open" bids but designing the details or specifications to limit the winning bidder to a company you want to win. Example, you want a supplier of XYZ and specifiy that bidder must be located withing a quarter mile of intersection so and so in anywhere, USA knowing full well that your brother in law is the only company that sells XYZ that distance from that specific location. And that firm charges more than other companies but he claims more expenses while donating to his brother-in-law's favorite "charity".
Oh yes, I see what you mean now. And yes, I've been a DoD worker; I've seen this.
Slow-walking toward a "deal" increases liquidity pressure on the D's criminal operations as both Fed Res and Treasury balance sheets get drained, imo. Pretty clear that they (Biden admin) MUST cut a deal or their whole charade comes crashing down. Watch this "negotiation" closely. Pretty obvious to me at this point that McCarthy is controlled by Patriots and will extract a reasonable deal, even if the media tries to spin it later as a "Biden admin victory".