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Former Congressman David Stockman also headed Reagan's Office of Management and Budget. Not of the Reagan White House Office, but the Office of the entire United States. Here's what he said about the failed budget negotiations:
"Fiscal governance in Washington is totally kaput. They never pass an annual budget resolution and enforcement plan, which was taken as a sacred duty back in the day; and there are never even annual appropriations bills for the mere 25% of the budget still subject to the Congressional “power of the purse”.
Instead, what occurs is a perennial string of short-term Continuing Resolutions (CRs) followed by an 11th hour, 3000 page pork-ridden “Omnibus Appropriations” bill that no one has read and which gives log-rolling (i.e. more domestic for more defense) a new definition.
In short, the debt ceiling was the only fiscal control mechanism left. And even that has been neutered time after time in the last decade by the hideous, flat-out lie that if the Treasury on any given day is one dollar short of being able to cover all of its due bills it must default on each and every one of them including interest payments, thereby destroying the credit of the United States. Yada, yada.
Finally, that lie was being put to the test and would have been eviscerated sometime next week. Yet after a lifetime on the public teat, Kevin McCarthy like his two GOP predecessors surrendered to the Doomsday Machine because he works for the GOP wing of the Swamp, not the voters, current and future.
And he did so while expectorating the most risible of lies: Republicans are changing the culture and trajectory of Washington—and we’re just getting started.
Not close. Not in the ballpark or even the catcher’s box behind home plate.
The deal does absolutely nothing to change the current “trajectory” toward fiscal disaster because it reduces nary a dime of built-in spending for defense, entitlements/mandatories, veterans and net interest, while those items account for 89% of the $80 trillion of built-in spending over the next decade."
Bill Madden writes, "Refusing illegal orders in the military is difficult to do because they normally are generated high in the chain of command and very few officers in the chain really know what is or is not a legal order. Immediate superiors can be very demanding and the orders are usually given in high pressure environments. Refusing an illegal military order is tantamount to whistleblowing and, as much good as it does for the concept of truth, the whistleblower’s life is made miserable as a punishment for his honesty and a warning to others."
I watched this happen with Army Spec Michael New during the Clinton years. He disobeyed an illegal Clinton order, was arrested on base in Germany, was then given an unjust, unconstitutional trial, and then a Bad Conduct Discharge. But he stood his ground the whole time and has been proven right since.
“Fact check; not locking down at all (like Sweden) would have saved lives in UK. Hard to believe how much money the UK spent on its sham covid inquiry.”
--Jay Bhattacharya
The UK Covid-19 Inquiry cost millions. It finally released the core political chapters of its long-awaited report. After nearly three years of hearings, millions of documents, and tens of millions of pounds spent on legal fees, the conclusion is now unmistakably clear.
They’ve learned nothing, even while watching millions suffer from lockdowns and vaccination.
Worse, they may not want to learn. The Inquiry’s structure, its analytical frame, even its carefully curated narrative all point in the same direction: away from the possibility that Britain’s pandemic response was fundamentally misguided.
Not the personal sub;
the private American car. Americans owe $1.66 trillion in auto debt. Delinquencies just hit levels not seen since the Great Financial Crisis. Nearly 30% of all trade-ins are underwater. Average amount owed: $7,000 more than their cars are worth.
Auto loans are now a bigger consumer debt category than student loans (8.9%) and significantly larger than credit cards (6.6%).
So is that shiny late model vehicle a blessing, or a curse?
