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U.S. Budget Negotiations

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 1K
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  • Politics 
When you combine how this bill sucks resources from the lower and middle classes along with the looming dollar catastrophe as it continues its decline in value and the general global tariff situation - we are staring an economic cliff not seen in a long time.The devaluation of the dollar is a screaming siren and it is only getting worse.
 
CeruleanBlueHeel said:
Republican majority in Congress is now done. I look forward to next November in tossing their lying greedy shoe-licking butts out on the street to suffer with the rest of us.
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Trump now has a private masked police force with billions of dollars at its disposal. Do you think that force isn’t going to play a role in the next election? I’m really fucking worried about what we’re going to witness and experience relatively soon.
 
CeruleanBlueHeel said:
Republican majority in Congress is now done. I look forward to next November in tossing their lying greedy shoe-licking butts out on the street to suffer with the rest of us.
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At which point they will cry about the national debt and how it's going to hurt their kids.

Conservative never really meant fiscally conservative. Now it means the opposite.
 
p5mmr9 said:
When you combine how this bill sucks resources from the lower and middle classes along with the looming dollar catastrophe as it continues its decline in value and the general global tariff situation - we are staring an economic cliff not seen in a long time.The devaluation of the dollar is a screaming siren and it is only getting worse.
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I bet the USA declares bankruptcy at some point.
 
mynameisbond said:
Talking about it gets forgotten. The full repercussions won't happen until after Trump leaves office. Pubs will find some way to point the finger at Dems for the problems they caused. MAGAs won't care about a crisis that primarily affects the marginalized and disenfranchised segments of society.
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MAGA is composed of the marginalized and disenfranchised segments of society.
 
aGDevil2k said:
I bet the USA declares bankruptcy at some point.
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The USA can't declare bankruptcy. It can try to renegotiate terms on some of its debt held by other nations, but the largest USA debt holders are USA institutions, companies, and individuals. Foreign entities own somewhere around 25% of US Debt. It seems really unlikely any type of restructuring is done - it would be too catastrophic to the system. Most likely things continue on the current trajectory for a few more decades as interest rates rise, inflation rises slightly, and wealth inequality continues to grow. We will have a few major crisis on our hands as a result of the Trump administration, but deficit spending is low on my list of potential disasters next to the eroding of the rule of law, the complete dismantling of the civil service, and the eroding of oversight and regulations. A fiscal crisis is certainly on the horizon as a result of Trump's war on the global economy - but that would be minor compared with a collapse of the us constitutional government.
 
lawtig02 said:
The bankruptcy filings over the next couple of weeks are going to be shocking. I sure as hell hope nobody here is invested in alternative energy.
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Wellll, it is half of my legal practice, so I’ve got THAT going for me. But I’m less concerned about bankruptcies in the immediate term than the work drying up pretty quickly. Renewable projects have to commence construction in next 18 months to qualify for remaining tax credits, so we’ll see how that plays out. Certainly, absent radical change, my renewables project finance practice will be limited to compliance for existing deals and ???
 
The Summer of Trump!

Passage of the OBBB
147k jobs report for June
Gas LOW
Stock market HIGH
Unemployment DOWN
CBS settlement - 8 figures
Iran/Israel cease fire.
5% NATO agreements
Trade deals with Vietnam and China.
Supreme Court wins
Border closed - Alligator Alcatraz open

…and still 2 months to go.
 
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