UPDATEDx7: Debt Ceiling Filibuster Broken and Senate approves Temporary Raising of Debt Ceiling

Government shutdown averted to December 3; possible debt default postponed to Dec 3 and infrastructure bills loom

From Red State‘s Jim Thompson Note from McHenry County Blog, with latest developments, the $3.5 trillion is dead, but if new lower number is 1.5, 2.1 or anything else, same principle of zeroes apply

As Treasury Secretary Janet Yellin announced that unless the federal debt ceiling is raised by October 18, the United States will default.

The first vote was taken in the U.S. Senate Monday late afternoon to invoke cloture to a continuing resolution to avert a government shutdown, but with Democrats adding the debt ceiling increase to the same bill, Republicans rejected it and filibustered the bill by preventing 60 votes for cloture.

Vote grid below:

Source: California Target Book

Now, it’s crunch time, with the federal government fiscal year ending Thursday night.

Three things must happen, and one hopes the priority is obvious:

  • Pass a continuing resolution to fund federal government into December
  • Raise the debt limit before October 18
  • Pass the bipartisan infrastructure bill

Biden and the Democrats passage of the partisan “human infrastructure” bill that totaled nearly $3.5 trillion is the lowest priority and a “want” for the Left.

Another “want” of the Democrats is to avoid reconciliation and force Republican senators to vote to raise the debt ceiling by coupling it with the continuing resolution to keep the federal government running.

So far, Republicans are not going along, and demand Democrats use reconciliation if they want to raise the debt ceiling.

In spite of being in complete control of Washington, the Democrats still cannot get their act together through reconciliation to pass the Left’s legislation in the Senate with simple majority support.

For all, the Senate standoff on the debt ceiling over the next few weeks especially those with any holdings in financial markets, it’s going to be a rough ride, as today’s 589 point loss on the Dow Jones Industrials Average is a part.

UPDATE: Democrats Separate Debt Ceiling Raise from Continuing Resolution

The Democrats blinked in face of Senate Republicans filibuster.

Details of Democrats’ Tuesday decision to separate raising the debt ceiling from shutting down the government places the priority list in place as outlined above.

POLITICO coverage can be viewed here.

UPDATE #2: Adam Kinzinger only Republican to vote with Democrats on new Debt Ceiling Stand Alone Bill

Looks like Congressman Adam Kinzinger grandstanding for a U.S. Senate bid with this vote

Source: California Target Book, disregard bill title, this is the Raise the Debt Ceiling bill

UPDATE #3: Senate Passes Continuing Resolution to avert government shutdown, House follows suit

Shortly after Noon Central Time, the U.S. Senate approved Continuing Resolution as amended, meaning with raising the debt ceiling removed.

Source: California Target Book

By 3:41PM EDT, House passed Continuing Resolution to fund federal government through December 3.

Source: California Target Book

UPDATE #4: Late July Agreement between Senators Joe Manchin & Majority Leader Chuck Schumer Emerges

Talk about putting something in writing, Senator Joe Manchin (D, WV) & Senate Majority Leader Chuck Schumer did just that.

As The Washington Post reporter Mike DeBonis tweeted:

“Short term implication: Chuck’s got some ’splaining to do.”

UPDATE #5: Far Left House Members Succeed in Preventing Passage of Senate-passed Bipartisan Infrastructure Bill as Speaker Pelosi Forced to Make Progress on Reconciliation Bill

The week’s activities in Congress concluded during the 9PM CDT hour Thursday night, as Speaker Nancy Pelosi (D, CA-12) communicated she would not bring the Bipartisan Infrastructure bill to the House floor for final passage, signaling the Leftist House Members succeeded at preventing passage in the original timeframe set out by Pelosi last week, and as late as this morning.

According to C-SPAN, the partisan Reconciliation Bill must have progress, given the now-revealed $1.5 trillion top-line figure of U.S. Senator Joe Manchin (D, WV) revealed late morning to most Members of both the House and Senate (see Update #4).

So the federal fiscal year 2021 ended with a Continuing Resolution being passed today in both chambers of Congress and signed by President Biden, but Debt Ceiling raising must be done by October 18, and no Bipartisan Infrastructure bill passage in the House, and no final Reconciliation bill in sight.

UPDATE #6: Replaced President Biden’s MCC pic with more appropriate content.

Fellow blogger Jim Thompson’s artwork is complemented with his accurate observations of Speaker Nancy Pelosi’s (D, CA-12) explanation of zeroes and no cost to taxpayers of the now dead $3.5 trillion reconciliation bill.

Red State article can be viewed here.

UPDATE #7: Senate breaks filibuster with December 3 compromise to temporarily raise debt ceiling

Amendment to S. 1301 which passed House last week (see Update #2) breaks filibuster with 61-38 vote.

Source: California Target Book

And then the actual Senate vote to raise debt ceiling:

Source: California Target Book


Comments

UPDATEDx7: Debt Ceiling Filibuster Broken and Senate approves Temporary Raising of Debt Ceiling — 77 Comments

  1. You might want to mention that this is ALL being brought on by the GOP and Mitch McConnell.

    Just sayin’.

  2. Why didnt Feinstein vote?

    She demented or die or something?

    Whats with Obama Care Loving Sasse, he didnt vote either–and Schumer went with the Republicans?

  3. **Schumer went with the Republicans**

    That’s procedural so he can reserve the right to bring the vote up again.

  4. it’s procedural bro come on man u just don’t understand the complexities of the upper chamber bro this isn’t strange or anything america is a good country why don’t you just do what democrats want america isn’t evil please bro trust me i have stocks bro please bro do what i tell you bro we don’t want to collapse that would be bad please dude come on man were all in this together bro

  5. Feinstein.

    Isn’t she more adled than the turnip poppet in the white house being managed by obummer.

    She’s 88 yrs old.

    CA cheated on the recall.

    You would think the next anointed one has been chosen already to take her seat.

    The less time she is in DC the less damage she can do to our country

  6. “NefariousShake” (formerly “AlabamaShake”) and JT,

    While one hopes all goes well with Senator Feinstein and her husband, given the Democrats’ slimmest of Senate majority, if the worst happens to Senator Feinstein and she’s at risk of missing a crucial vote when every Democrat U.S. Senators votes are needed, she will face immense pressure to resign.

    Now that CA Governor Gavin Newsom firmly in place through next year, the succession and replacement of a vacant U.S. Senate seat will be quick.

    With Congresswoman Karen Bass (D, CA-37) giving up her safe U.S. House seat to run for mayor of Los Angeles, Newsom has one less potential candidate to replace Feinstein with if he has to.

    We’ll see what happens, but every Democrat vote will be needed to pass any infrastructure bill, and quite possibly, the debt ceiling raise.

  7. Hey – JT, did you figure out who John is yet? 🤣

    But John – I mostly agree with you re: Feinstein.

    But I wouldn’t overreact to her husband being in the hospital.

    But with that said, I’m very ready for her to be done.

  8. Shake,

    With the plethora of Democratic talent in California, if Governor Newsom had to replace Senator Feinstein by the end of the year, who do you think he would choose?

    Personally, I think it could come down to either Congressman Ro Khanna (CA-17) or Congresswoman Katie Porter (CA-45).

    Khanna would make progressives and the far Left happy. He flirted with challenging appointed Senator Alex Padilla next year, but abandoned that goal.

    His Silicon Valley seat not at risk being flipped in a special election.

    BUT, Californians have had women representing both Senate seats since 1992 until the Padilla appointment, and don’t think Newsom ready to go back to men-only representation of CA in the U.S. Senate.

    That’s where Porter could win the appointment. While she’s not as Leftist as Khanna, she’s seen as up-and-coming, and some wanted her to be appointed to replace Kamala Harris.

    She’s raised over $11 million thru June 30 in her 2 terms in the House; good seed money to defend the seat in both 2022 and 2024.

    Her biggest risk is her Orange County CA-45 seat. After flipping it in 2018, she easily hung on to it last year because of her record and fundraising.

    In a midterm where every House seat counts to retain control of the House, the risk of it being flipped may be too great, no matter how much more Democrat the remap makes it.

    I’m sure there are plenty others in mix, but Khanna and Porter stand out to me.

  9. Feinstein last seen spouting off gibberish in front of a brick wall, mistaking it for the ghost of John McCain.

    Ben Sasse sneaks away to taste test the latest harvest of shoepeg white corn which Farmer John says is “good.”

    Sounds about right.

    Thanks for update, Shake.

  10. John – I honestly haven’t thought about who should replace Feinstein.

    But I’m a Porter fan.

    And I think that it probably HAS to be a woman.

  11. No, Krypton – I changed my name because it is funny.

    I credit Cindy for the name though – hope she didn’t trademark it.

  12. Shake, you may be paying Cindy royalties but I’m sure you’d agree, you’ve been called worse.

  13. Yes Lopez. There is a “plethora” of Democrat talent in California. That is why the State has so many problems such as mismanagement of forests, bums in streets and on sidewalks in big cities, rolling brownouts, etc.

    That talent gave us the dumb and cackling Kamala Harris as sidekick to the doofus Biden. Other talent includes Feinstein who tried to sabotage the Bret Kavanaugh nomination. Feinstein so talented that she had a Chinese spy on her staff.

    Other talent is Dem Rep Eric Swallwell who dated a Chinese spy. Don’t forget the pencil necked geek Dem Rep named Adam Shi* who appeared numerous times on national tv falsely claiming that there was evidence that Trump colluded with Russians.

    And of course the current Democrat Governor of CA who is running that State into the ground. Tens of thousands of Californians have chosen to leave that State over the last decade.

    The voters of California were immensely smarter decades ago when they twice elected Ronald Reagan as governor. Today……?????

  14. Another talented California politician –

    Per NBC News in June, 2018, the dumb and reckless Democrat CALIFONIA U.S. Representative, Maxine Waters, told Democrats to harass Trump Cabinet members when they are out in the public such as at restaurants, gasoline stations and department stores. Per

    https://www.nbcnews.com/politics/politics-news/rep-waters-draws-criticism-saying-trump-officials-should-be-harassed-n886311

    “Rep. Maxine Waters, D-Calif., is under fire for saying that members of the Trump administration should be heckled when out in public.

    “If you see anybody from that Cabinet in a restaurant, in a department store, at a gasoline station, you get out and you create a crowd and you push back on them, and you tell them they’re not welcome anymore, anywhere,” Waters, who has called for President Donald Trump to be impeached, told supporters over the weekend.”

  15. Thank you Jesus!

    No Obydumb visit again!!!

    now lets concentrate on the seahag and schumer ruining the country plan!

    spend spend spend.

  16. House Speaker Nancy Pelosi on Saturday included a proposal in the 2,465-page, $3.5 trillion reconciliation bill that would fine employers up to $700,000 if they violate a section of OSHA labor law that deals with hazards, death, or serious physical harm to their employees.

    This is strong arm tactic and blackmail to nth degree. The democrats despise you and everything America once was. This is tyranny.

    https://www.newsmax.com/politics/joebiden-reconciliation-3-5-bill/2021/09/29/id/1038496/

  17. Liberal Democrats are modern day
    Marxism–Leninism followers.

    Free community college for illegal aliens?

    Who is gonna pay for all this woke crap?

  18. Re 826 am comment – “Liberal Democrats are modern day
    Marxism–Leninism followers.”

    Democrats cannot be trusted over the years on any matter, including being honest. Long ago they put a nice-sounding label on a part of their Party that they called “progressive”. Hardly progressive in the common use of the word in dictionaries. A more appropriate label might have been the socialist or marxist wing of the Democrat Party.

  19. The smaller trillion dollar infrastructure bill is supposed to get a vote today in the House.

    Progs are threatening to nuke it so they have leverage in negotiating the larger 3.5 trillion dollar “human infrastructure” plan, so we’ll see whether they follow through with that as well as how many House Republicans cross the aisle.

    When the smaller bill came up in the Senate a while back there were 19 Republicans who supported it.

    This could get enacted, but it really depends on what the progs do (and the Republicans).

    The progs may nuke it because… are they going to face any consequences for voting no?

    No, they probably all live in safe districts.

    But I could see Republicans voting for it.

    Not just Kinzinger.

    In Illinois, I could see Bost, Davis, and LaHood voting for it.

    Garcia seems like a no vote for the Democrats.

    I’m watching the other Davis, Schakowski, and Newman.

    Not sure if you plan on writing about that or not, John.

    It seems like something you might be keeping an eye on.

    I’m going to assume since you covered the debt ceiling vote in the House you’ll let us know what happens on the Senate side.

    It’s not expected to pass over there which…ooh that will be a doozy!

    I heard sometime between mid-October and early November is when we’re supposed to hit the limit.

    Maybe we can buy the dip.

    If you know what I’m saying hahahaha

  20. On national tv recently, NY Times top selling book author, Mark Levin, showed a stack of books to illustrate what 2,465 pages looks like.

    Studies have shown that the average size of books on the NY Times best seller list is 375 pages. So, the reckless Democrat spending bill would be about 6.5 books in size.

    What we need is a U.S. law for Congress, House and Senate, that would require all bills in final form to be voted upon, be printed out in hard copy and every single Senator and Representative who vote YES and that the Bill passed, would have to sign each of the pages with an ink pen. The Bill would not become law until all those who voted YES had signed all of the pages AND there would be a funded audit staff that would monitor the signings and then store the hard copy documents. Yes, a lot more trees would need to be grown and paper made to accommodate this procedure. This would make senators and representatives more accountable and would result in much shorter and compact bills, and less bills, and less laws.

    So, in this latest bill, a YES voting Senator and Representative would have to sign, thus approve every single of the 2465 pages.

  21. The criticism about long bills is laughable.

    Public policy is complicated.

    Long bills aren’t bad, and short bills aren’t good.

    And bred’s symbolic solution would be meaningless.

    It would be a complete waste of money and it wouldn’t solve any problems.

  22. Pelosi’s bitch boy Kingstinker is so desperate to be a player he will sell out
    his constituency just to feed his bloated ego, very reminiscent of our own Lord Jumbo Boy.

  23. There were a bunch of people last week telling us Illinois conservatives would lose if they didn’t support the effeminate Kinzinger over Duckworth.

    What, exactly, makes him preferable?

    He can’t even bring pork back to Illinois like legs Duckworth could.

    Duckworth got her legs blown off in the service while Twinkle toes was flying miles above any action.

    I don’t recall Duckworth sobbing like a baby in a committee meeting.

    So why wouldn’t I support Duckworth if this is the alternative?

  24. It is easier to sneak something into a long bill.

    When I got a long amendment in the Illinois House, I would stsrt reading from the back.

  25. Liz Cheney, daughter of a globohomo devil, didn’t stick with Kinz!

  26. Didn’t Nancy say you need to pass the bill to find out what’s in it, or something like that malarkey?

    That is some real fine leadership right there

  27. Think out of the box to somehow rein in deceitful and reckless politicians who waste OUR tax dollars on a lot of bs spending.

    The current Bill in Congress will cost taxpayers 3.5 trillion dollars.

    That is $3,500,000,000,000.

    So, being that the Bill in question is 2,465 pages long, simple division of the page amount into $3.5 Trillion equals $1.420 Billion Dollars per page.

    Is it too much to ask each and every member, Representative and Senator who VOTES YES on the Bill to sign off on $1.420 Billion spending on average for each and every page of every Bill? No.

    When we ordinary citizens, taxpayer chumps, go into the hospital for tests or surgery, we are given a number of pages of documents to sign off on and approve with our signature or initials to agree with the terms and conditions of the hospital and that we are ultimately accountable for the bill. Some of these documents require initials for each paragraph.

    It is not asking too much for senators and representatives to be accountable for EVERY, EVERY single item and spending on each and every page of a bill they vote YES on.

  28. And of course, a page of a bill document (in MS Word and/or hard copy) would be strictly defined as to maximum number of characters that a page could contain.

  29. Bred you said it, “taxpaing chumps”.

    BUT SOMETIMES THE WORMS TURN AND THE RATS GET BURNED.

  30. Kinsinger’s fake marriage fools nobody but the fools in his district.

  31. Bills on average should be shorter.

    Obviously a short bill can still be bad but long bills are easier to hide crap in.

    These people aren’t reading these bills and they’re dealing with too many subjects.

    It’s not “complicated” it’s a matter of

    1) lobbyists are doing the work and

    2) it’s more convenient for them to take fewer votes than more votes.

    This is just a matter of opinion though.

    There’s no right or wrong answer it’s just what you think.

    Shake thinks there is nothing wrong with long bills… most Americans likely disagree but that’s okay.

    Shake is entitled to his bad opinion.

    Not splitting up bills into shorter more focuses ones is a way to get legislators off the hook because they can say “overall there was a lot I agreed with.”

    I think we can do better.

    It might take longer to debate so many bills and legislators might actually have to become familiar with what they’re voting on, but I’m okay with that.

  32. re update three on debt ceiling in the House:

    -Has Lesko been ill? She has been missing a lot of votes lately.

    -Illinois Republican congressman Rodney Davis joined Adam Kinzinger in voting to extend the debt ceiling.

    -In terms of crossover, zero Democrats voted no while 34 Republicans voted yes.

    re update four:

    -If 1.5 trillion is Manchin’s top line, it will be funny to see how the progs reacts.

    -Does he mean 1.5 trillion ON TOP OF the trillion dollar infrastructure they are already planning or does he want 1.5 trillion as a total including the trillion that has a good chance of passing? Because progs want a trillion dollar infrastructure plan PLUS 3.5 trillion. Either way, I think progs are going to be pissed at him.

    -Either way, maybe they should just accept that. Manchin can kill a bill by himself if it’s based on simple majority. -With filibuster rules, it might be better for Democrats to try to put Republicans on the spot with a smaller bill that perhaps has less controversial spending. Some Republicans have shown willingness to work with Republicans anyway. On the initial infrastructure plan there were 19 Republicans who voted yes in the Senate. Even if 10 vote yes, that’s filibuster proof.

    -Does Schumer’s signature mean he is agreeing to 1.5 trillion with Manchin?? If that’s the case, like I said it puts Republicans in a tougher spot, but it will also tick the crap out of the progs.

    Coincidentally I bought popcorn today. 🙂

  33. Elections have consequences.

    The elections being stolen via mail in voting and other fraud through the cheat machines have worse consequences.

    I may have to change my handle to hanging chad since it has more integrity than what these machines delivered to us in 2020.

    Did anyone see Pelosi drunk in her presser this morning? Priceless.

    https://twitter.com/i/status/1443595587736285188

    Third in line to the residency.

  34. Residency?

    I guess you can call an old, demented, brain dead from hair dye half wit 3rd in line

    Too old to be woke

  35. Lopez, why’d you censor out the links I posted to my posts above about Kinzinger?

    Please explain or this entire blog loses its credibility of not pravda-ing comments.

  36. Sorry Paul R. I think the botox and plastic surgery may have also had a bit to do with it too.

    Our current leader with a turnip for a brain is also a resident in the WH.

    I wonder if Willie Brown’s girlfriend has a stripper pole in VP residence to practice on.

    What a clown show.

  37. Consider the fact that more money has been spent on trying to erase racial gaps than on any other monumental project in world history —– and it has totally and utterly failed.

    Reflect on the lengths to which our cultural elites have gone to put the issue to rest and where we are at today.

  38. Progressives want stuff
    Others disagree
    America implodes
    You make short sells
    hashtag big moves
    Profit
    Laugh at stupid Americanos
    hashtag big fun

  39. As the Blogs unofficial Shaman, you should now all paint your roofs green.

    The mysterious Democrat cash-dropping cargo plane gods, will look kindly upon this offering.

  40. When someone adds a link, the program usually requires me to approve the comment.

  41. Make me think of former California State Senator H.H. Richardson.

    In 1978, he published, “What Makes You Think We Read the Bills?”

    He founded Gunowners of America.

  42. SAVE AMERICA
    PRESIDENT DONALD J. TRUMP
    SEPTEMBER 30, 2021
    BEDMINSTER, NJ

    Statement by Donald J. Trump, 45th President of the United States of America

    Snuck into the government funding bill, or CR, the Democrats are trying to pass, and just found, is unlimited money to random, unscreened, unvetted Afghan nationals. Republicans can’t let this happen. This is a further insult after Biden’s humiliating withdrawal from Afghanistan, that needlessly killed 13 Americans.

    This is not a “clean” government funding bill. It’s a major immigration rewrite that allows Biden to bring anyone he wants from Afghanistan for the next year—no vetting, no screening, no security—and fly them to your community with free welfare and government-issued IDs. We’ve already seen some of the horrible assaults and sex crimes that have taken place. But these terrible assaults will just be the tip of the iceberg of what’s coming if this isn’t shut down.

    The CR even covers people who don’t live in Afghanistan and haven’t in many years, as long as they used to live there. So Biden and Blinken can load up planes of former Afghans from Pakistan or elsewhere without any limits, checks or even a lawful visa or refugee status. The only “rule” is that Mayorkas—an incompetent radical—give them a green light. This bill must be opposed!

    True? You decide.

  43. The doofus, grossly incompetent and reckless Biden and elements of his Regime obviously willfully ignore federal laws that prohibit illegal aliens to come into the US and then the Regime harbors them and distributes them to various States.

    A law abiding president would humanely repel these aliens, which are really invaders, illegally coming into and invading our Nation. A law abiding president would strategically deploy U.S. Military forces along the southern border to not allow a single invader into our Nation. The U.S. Military exists to protect our Nation. The stated mission and goal of the Military and the U.S. Department of Defense is to protect our Nation and its “citizens”.

    It is crazy that the U.S. Military have been deployed to various Nations around the world, mostly at our U.S. Taxpayer expense, to protect friendly nations but not to our southern border to protect we U.S. Citizens.

    Peoples coming across the border AND accepted by the Biden Regime are supposedly from numerous nations. Who the H knows who each and every one of these are? Their background, intentions? How many are terrorists, gang members such as ms13, drug dealers, ex-convicts, criminals, etc?

  44. And bred, once we bring them in from other countries look what we give them

    https://www.greenbaypressgazette.com/story/news/local/wisconsin/2021/09/30/fort-mccoy-afghans-describe-losing-all-starting-over-america/5896777001/

    “The evacuees at the base are being covered by a government-run health insurance plan, Fandre said, which will cover their health care need until they’re resettled, employed and have their own insurance. “

    There are over 12,000 of them up there now.

    What’s that chant at college football games around the country on Saturdays?

    The pilot I understand but another activist in a hijab is not what we need in northern WI.

    Look at what Omar and Talib are doing to our country.

    Both refugees who chain migrated all of their family and extended family members to our country.

    Sorry if I come across as not welcoming to certain people on this board.

  45. Da booom na
    na booo
    da ma di ba
    GO!!!

    if you know what I’m saying…

  46. Bred wake up. The one thing Biden, Trump, Obama, the Bushes and Clinton all did is do the Israelis’ bidding….. at the cost of our own nation.

    Duh

  47. I agree Cal, a long bill hides all kinds of spending. I like the read-it backward part. Good idea.

  48. Ms Schenk.

    Why read it backwards?

    How long would it take to read over 2,500 pages of the draft of the Ivy League socialist bill valued at over 1B per page?

    These people are out of control.

    They report to us not the other way around.

    This will never be resolved until the cheat machines are eliminated from our election cycles.

    Let’s fix the 2020 election and then we can talk.

    As an aside can anyone name 1 accomplishment the turnip brain and his ho sidekick have accomplished in their first 9 months?

    Just trying to stay classy.

  49. Yep, start with the fine print before reading the balance.

    ✌️😎

  50. Gather around kids and I’ll tell you the story of the I-Loan.

    You didn’t need a social security number or credit history, just a pay stub and utility bill and you would receive mortgage rates and terms better than John Q Citizen.

    That Blago and Dem pal gem, was placed and passed in some Illinois Clean Lake Water whattamajig Bill.

  51. First I’ve heard of I-Loan.

    Is this it? https://www.ihda.org/my-home/getting-an-ihda-loan/

    IHDA Mortgage Opening Doors, or Abriendo Puertas, is designed to provide a safe and affordable lending program that allows families across Illinois the opportunity to break the cycle of renting and achieve a path to homeownership. Opening Doors will provide:

    a safe, affordable 30-year 1st mortgage with a fixed interest rate and
    a 0% interest 2nd mortgage for $6,000 in down payment and/or closing cost assistance. This 2nd loan is forgiven after five years.
    Borrowers may be:

    first-time or non first-time homebuyers
    live in any county statewide
    DACA Recipients (Dreamers) are eligible!

  52. Yes Revere, probably, it reads like the lingo I remember. My post are the parts that pissed me off.

    I also gotta say, I totally did not face plant putting on my gym shorts, in spite of what my wife reported to her sister on the phone this morning.

  53. D J, did your wife push you like mine did when we were cleaning windows and I was on the ladder?

    Your wife should post her thoughts here too.

    Sounds like a lady with a sense of humor. LOL

  54. America is a house of cards.

    the negro worship takes the cake.

    What will the Tribe do when the market crashes and the 401s and IRAs aren’t worth half of what the are today?

    or 80% reduced?

    People will not be so kind to President Demento or his puppet masters.

    Long knives will come out.

    I say GREAT!

  55. Aren’t you all forgetting how much Trump added to our national debit?

    Try 8 TRILLION DOLLARS

    That’s an increase of almost 36% in less than four years.

  56. Dianne

    You are correct.

    But how soon we forget such things when partisanship rears its ugly head.

    It’s not surprising that supporters of someone who routinely stiffs creditors are hesitant about paying debts.

  57. Don’t raise the debt ceiling. Keep it the same or lower it.

    Our Nation needs to live and spend within its means and tax income. Drastic cuts in spending should be made, such as in foreign aid. Most if not all of foreign aid dollars we give to other nations, some of which despise us, should be removed. Spending for many programs should be cut or eliminate altogether.

  58. Biden want to save the world from CARBON.

    The fact that he can barley walk upright, can only talk properly when sputtering union jobs, must send out a great message to the world.

    What will his administration do with the next load of 60,000 Haitians illegally entering the US/Texas border?

  59. Think of any crypto project like the formation of a system like America.

    Consensus mechanisms let users in a distributed system agree on tolerable user behavior.

    In America, our Constitution served this purpose, until 2 years ago.

    In what appears similar to a Sybil attack (counterfeit bots created to simulate consensus and perform 51% attack), unthinking Americans abrogated the personal liberties associated with individual identities like mindless bots… and a malicious act of Constitutional Rights Cancelation has occurred.

    Monetary policy is a consensus mechanism, in which Americans had agreed to empower their government to behave without malice for the benefit of all system users.

    Users agreed that their medium of exchange (US dollar) could be created under certain conditions and thus ensure that value attached to scarcity would be preserved.

    American monetary system operates under centralized authority, so the consensus mechanism can be altered by a few malicious actors.

    Compare that to Crypto systems which use their native token as a medium of exchange (for work performed or value received).

    The fundamental philosophical basis of most crypto is decentralized/distributed authority.

    The success of the project requires consensus mechanism to be trustworthy and enforceable.

    Rather than trusting humans (who are subject to greed fear and willful ignorance) to enforce the rules of the system (for equal benefit of all), crypto projects literally encode their rules which are then enforced by computers (which are driven by the pure logic of “True”/”False”).

    Given the choice between the two mediums of exchange described above, users/citizens are exhibiting a robust demand for the one that does not rely on a corrupt centralized authority which operates in an increasingly capricious manner.

  60. Thanks Susan, all this time I thought I was hacked because of my fart jokes.

    Now I’m starting to believe I was simply harvested by some rando boner pill ad bot.

  61. Dianne, here you go

    Pro-Crypto Senator Lummis Discloses Bitcoin Purchase Worth Up to $100K

    Funny how a Senator on the Banking Housing and Urban Affairs Committee is jumping into Bitcoin and buying ~2 coins for herself valued at over 50k per coin?

    Does she know something is coming down soon like all of the other dirty politicians in the swamp and she just wants to profit from insider knowledge?

    I own ETH and LTC.

    I got rid of my BTC.

  62. DJ, do you ever make any sense? Or even try.

    I heard about your OD on Prevagen last month.

  63. This one goes out to brotha JT.

    *wiki wiki wiki wah wiki wah wiki wah*

    Published two days ago:
    https://markets.businessinsider.com/news/currencies/bitcoin-etf-exchange-traded-fund-sec-cryptocurrency-volt-sec-gensler-2021-10
    “The SEC just approved the closest thing to a US bitcoin ETF you can buy, for now”

    so idk man could have been insider knowledge. On the other hand, it could have been something regarded as not difficult to predict. Or she might just like bitcoin. Lots of people do.

    The possibility of SEC giving some kind of nod of approval to bitcoin has been talked about before.

    Here are some articles that are about it BEFORE the approval. You can find a lot of articles saying different things.

    -They won’t approve it.
    -People are trying to get them to approve it.
    -Well they might approve it but there will be more regulation.
    -You might not like the regulation.
    -The regulation is good.
    -It is good if they approve
    -It is bad if they approve.

    With finance and regulation nobody knows what they’re talking about. There are a bunch of “theories.” Here are those articles I said I’d post.

    1. https://www.cnbc.com/2021/08/19/experts-say-sec-approval-for-a-bitcoin-etf-wont-happen-any-time-soon.html
    When you see a headline that reads “experts say” it usually means the opposite is true because this country’s “experts” are a bunch of swindlers and idiots.

    2. https://www.bloomberg.com/news/articles/2021-09-14/fidelity-pushed-for-bitcoin-etf-approval-in-private-sec-meeting
    Ugh, aren’t they like, sort of big or something? Big firm pushes for something in private meeting. Hmm I wonder what will happen next!?

    3. https://www.forbes.com/sites/jasonbisnoff/2021/07/31/former-sec-chair-jay-clayton-joins-fight-for-bitcoin-etf-after-refusing-to-approve-others/?sh=7cedb0036ab8
    Like I said, it has been discussed.

    ——————————————–

    Any experts want to tell us, in detail, what happens if we don’t raise the debt ceiling?

    Also, could you give a guess as to what would happen if we did something very different from that and drastic, like, eliminate the debt ceiling completely or raise it so much (as a percent) that it would appear as a historical outlier?

    I would like to know more about various DOOM scenarios. PLEASE EXPLAIN THESE THINGS!

  64. I scrolled those articles Correcting.

    Why is the gov’t fighting trading of Ripple (XRP) in the US?

    Japan is already using it for transactions and it already has a platform in place for international payment.

    Turn your eyes away from anything the US is pointing you at and train your eyes on those they are resisting.

    Once the lawsuit preventing trading in the US gets resolved guess where I am going.

    FYI, my broker recommended a crypto based ETF and I passed.

    I would rather own the real coin.

    Just get a wallet so you can take them offline.

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