Politics Random, Random

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Re: Politics Random, Random

#1756

Post by ponchi101 »

ti-amie wrote: Fri Jan 13, 2023 3:08 am
It is still a deficit and the US National Debt is still at about $30 Trillion and climbing.
No good news there.
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Re: Politics Random, Random

#1757

Post by ti-amie »

Today in "George Santos"






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Re: Politics Random, Random

#1758

Post by ti-amie »

House Republicans prepare emergency plan for breaching debt limit
The proposal, still under discussion, would direct the Treasury Dept. to prioritize certain payments if the U.S. hits the debt ceiling
By Jeff Stein, Leigh Ann Caldwell and Theodoric Meyer
January 13, 2023 at 6:25 p.m. EST

House Republicans are preparing a plan telling the Treasury Department what to do if Congress and the White House don’t agree to lift the nation’s debt limit later this year, underscoring the brinkmanship newly empowered conservatives will bring to the high-stakes negotiations over averting a U.S. default, according to six people aware of the internal discussions.

The plan, which was previously unreported, was part of the private deal reached this month to resolve the standoff between House conservatives and Rep. Kevin McCarthy (R-Calif.) over the election of House speaker. Rep. Chip Roy (R-Tex.), a leading conservative who helped broker the deal, told The Washington Post that McCarthy agreed to pass a payment prioritization plan by the end of the first quarter of the year.

The emerging contingency plan shows how Republicans are preparing to threaten not to lift the nation’s debt ceiling without major spending cuts from the Biden administration. Congress must pass a law raising the current limit of $31.4 trillion or the Treasury Department can’t borrow any more, even to pay for spending lawmakers have already authorized. Economists warn that not raising the debt limit could cause the United States to default, sparking a major panic on Wall Street and leading to millions of job losses.

Treasury Secretary Janet L. Yellen said Friday said that the Treasury Department will begin “extraordinary measures” next week to ensure the federal government is able to meet its payment obligations but that it cannot guarantee the United States will make it beyond early June without defaulting. White House press secretary Karine Jean-Pierre reiterated Friday that the administration will not negotiate over the debt ceiling.

Treasury Department aides declined to comment on the GOP plan, and a spokesman for McCarthy did not return requests for comment.

In the preliminary stages of being drafted, the GOP proposal would call on the Biden administration to make only the most critical federal payments if the Treasury Department comes up against the statutory limit on what it can legally borrow. For instance, the plan is almost certain to call on the department to keep making interest payments on the debt, according to four people familiar with the internal deliberations who spoke on the condition of anonymity to describe private conversations. House Republicans’ payment prioritization plan may also stipulate that the Treasury Department should continue making payments on Social Security, Medicare and veterans benefits, as well as funding the military, two of the people said.

Such a move would be unprecedented and hugely controversial, and even releasing the plan could turn into a major political liability for the GOP. A hypothetical proposal that protects Social Security, Medicare, veterans benefits and the military would still leave out huge swaths of critical federal expenditures on things such as Medicaid, food safety inspections, border control and air traffic control, to name just a handful of thousands of programs. Democrats are also likely to accuse Republicans of prioritizing payments to U.S. bondholders — which include Chinese banks — over American citizens.

“Any plan to pay bondholders but not fund school lunches or the FAA or food safety or XYZ is just target practice for us,” a senior Democratic aide said, speaking on the condition of anonymity to discuss a proposal that hasn’t yet been released publicly.

McCarthy and House conservatives intentionally left the details of the prioritization plan unsettled in their initial agreement, with the understanding that it could take weeks for Republicans to decide which federal spending programs must be protected, the two people familiar with the talks said, and amid uncertainty about the best way to draft the legislation.

The idea poses logistical hurdles as well. In 2011 and 2013, when similar debt ceiling crises loomed, Treasury Department officials in the Obama administration said prioritizing payments was not technically possible, given the complexity of the millions of payments the federal government makes each day.


For the plan to be binding on the Treasury Department, it would have to pass not only the House but also the Democratic-controlled Senate, and President Biden would have to sign it into law.

Even if it were enacted, a debt prioritization plan could still jeopardize the trustworthiness of the U.S. government, some experts say. The proposal would call for the government to halt payment for as much as 20 percent of money that it has already promised to spend.

Still, many Republican lawmakers have long favored exploring these kinds of measures as a way to mitigate the worst economic consequences of breaching the debt ceiling. Two of the people with knowledge of internal GOP planning said the prioritization plan would force Democrats to acknowledge that it is technically possible for the Treasury Department to continue to pay bondholders even if Congress doesn’t raise the debt limit. One of these people noted that interest payments amount to roughly $500 billion per year, which can be easily met through federal revenue without additional borrowing.

Republicans have explored various ways to push prioritized debt payments over the years. Rep. Tom McClintock (R-Calif.) released a bill in 2011, called the Default Prevention Act, that would require the Treasury Department to borrow above the debt limit to ensure that interest on the debt gets paid no matter what. That version of the plan, however, might not win universal support even among Republicans, some of whom view it as circumventing the intention of the debt limit. McClintock reintroduced the bill this week. More than a half-dozen House Republicans voted against his legislation in 2015.

“We agreed to advance a debt prioritization bill through regular order by the end of the first quarter of 2023,” Roy said in a text message to The Post. “Now, the contours of that were not specified (there are different versions).”

Grover Norquist, founder and president of Americans for Tax Reform, a conservative advocacy group, said GOP lawmakers have stepped up discussions in recent days over a debt prioritization plan. Then-Sen. Patrick J. Toomey (R-Pa.) proposed a similar idea during the debt ceiling showdowns with the Obama administration in 2011 and 2013. At the time, Treasury Secretary Jack Lew said government computer systems could not be updated to triage tens of millions of payments, arguing that “prioritization is just default by another name.” Republicans said those claims were exaggerated to get them to back off their debt limit threats.

“The reason you do this is to say, ‘We offered you a bill that prioritized things, and this is what we’re getting instead of that,’” Norquist said. “It’s being talked about by leadership because it is necessary to be prepared. If you come to an impasse, you want a fallback position.”

These efforts are expected to prove controversial even among some GOP allies. Neil Bradley, executive vice president of the U.S. Chamber of Commerce, said the business group opposes prioritizing payments.

“Prioritization doesn’t work. We had this discussion a decade ago,” Bradley said. “If the U.S. government skips its payments to America’s seniors or skips its payments to bondholders, both of those things call into question the full faith and credit of the United States government and our commitment to paying our bills. And both of them have pretty catastrophic economic consequences.”

Some Republican policy experts have been convinced such efforts would fail. Brian Riedl, a policy analyst at the Manhattan Institute, studied prioritization plans at length while he was a staffer in the offices of then-Sen. Rob Portman (R-Ohio). Riedl said such a plan would involve lopping off about 20 percent of federal spending immediately, or about $1 trillion, because revenue covers only roughly 80 percent of the $5 trillion the government spends each year. Huge numbers of people could be hurt immediately, he said, with no good way to pick between options such as forcing hospitals to deal with the cessation of Medicare payments or depriving the Defense Department of funding.

“Studying this in 2011 convinced us this would be a really bad idea and something we really did not want to happen,” Riedl said. “We didn’t end the exercise saying, ‘This is feasible and smart.’ We said, ‘Let’s avoid this at all costs because it’s going to be a disaster.'”

Michael Strain, an economist at the American Enterprise Institute, a conservative-leaning think tank, said the prioritization plan is a “live option” among some GOP officials and is being discussed quietly. Strain acknowledged that financial markets may not be assuaged by the government meeting only some of its spending obligations but said that could prove better than the alternative of a default on U.S. interest payments.


“If we have a budget deficit of 10 percent, we should be able to cover 90 percent of our spending obligations,” Strain said. “If the National Park Service or FBI don’t make the cut before a deal is signed, that’d obviously be better than paying no bills.”

Other longtime GOP policy hands are more apprehensive.

“We will see zillions of ads about this,” said Doug Holtz-Eakin, an economic adviser to President George W. Bush.


https://www.washingtonpost.com/us-polic ... -gop-plan/
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Re: Politics Random, Random

#1759

Post by ponchi101 »

So.
Let defund the IRS so no new, proper collection of taxes can be done.
But we also will limit how to work around a debt limit.
These people are sick. But it is time the USA really does something about its debt. This "let's raise the limit" thing can't go one forever.
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Re: Politics Random, Random

#1760

Post by ti-amie »

Santos’s Lies Were Known to Some Well-Connected Republicans
George Santos inspired no shortage of suspicion during his 2022 campaign, including in the upper echelons of his own party, yet many Republicans looked the other way.

By Nicholas Fandos
Jan. 13, 2023

In late 2021, as he prepared to make a second run for a suburban New York City House seat, George Santos gave permission for his campaign to commission a routine background study on him.

Campaigns frequently rely on this kind of research, known as vulnerability studies, to identify anything problematic that an opponent might seize on. But when the report came back on Mr. Santos, the findings by a Washington research firm were far more startling, suggesting a pattern of deception that cut to the heart of the image he had cultivated as a wealthy financier.

Some of Mr. Santos’s own vendors were so alarmed after seeing the study in late November 2021 that they urged him to drop out of the race, and warned that he could risk public humiliation by continuing. When Mr. Santos disputed key findings and vowed to continue running, members of the campaign team quit, according to three of the four people The New York Times spoke to with knowledge of the study.

The episode, which has not been previously reported, is the most explicit evidence to date that a small circle of well-connected Republican campaign professionals had indications far earlier than the public that Mr. Santos was spinning an elaborate web of deceits, and that the candidate himself had been warned about just how vulnerable those lies were to unraveling.

Fraudulent academic degrees. Involvement in a firm accused of a Ponzi scheme. Multiple evictions and a suspended driver’s license. All of it was in the report, which also said that Mr. Santos, who is openly gay, had been married to a woman. The report did not offer conclusive details, but some people briefed on the findings wondered whether the marriage was done for immigration purposes.

It remains unclear who else, if anyone, learned about the background study’s contents at the time, or if the information made its way to party leaders in New York or Washington. Mr. Santos, 34, managed to keep almost all of it from the public until after he was elected, when an investigation by The Times independently unearthed the problematic claims documented by researchers and others that they missed.

After The Times sent a detailed list of questions for this story, a lawyer for Mr. Santos, Joe Murray, said “it would be inappropriate to respond due to ongoing investigations.” A spokeswoman for Mr. Santos’s congressional office did not respond to a similar request for comment.

Mr. Santos himself has admitted to some fabrications, but insists he was merely embellishing his qualifications. He has vowed to serve out a two-year term in Congress. State, local and federal prosecutors are now investigating his activity.

The existence of the vulnerability study underscores one of the most vexing questions still surrounding the strange saga of George Santos: How did the gate-keeping system of American politics — Republican leaders, adversarial Democrats and the prying media — allow a fabulist who boasted about phantom mansions and a fake résumé get away with his con for so long?

Interviews with more than two dozen associates, adversaries and donors, as well as contemporaneous communications and other documents reviewed by The Times, show that Mr. Santos inspired no shortage of suspicion during his 2022 campaign, including in the upper echelons of his own party.

Well-connected supporters suspected him of lying and demanded to see his résumé. Another former campaign vendor warned a state party official about what he believed were questionable business practices. And the head of the main House Republican super PAC told some lawmakers and donors that he believed Mr. Santos’s story did not add up.

But in each case, rather than denounce Mr. Santos publicly, the Republicans looked the other way. They neglected to get the attention of more powerful leaders or to piece together shards of doubt about him, and allowed him to run unopposed in the 2022 primary. Some assumed that Mr. Santos’s falsehoods were garden variety political embellishments; others thought Democrats would do their dirty work for them and Mr. Santos would be exposed in the heat of a general election campaign.

(...)

“The reality is there’s no defense, it shouldn’t have happened,” said Gerard Kassar, the chairman of the New York Conservative Party, a small but influential partner to the Republican Party that backed Mr. Santos. “It would be impossible and probably incorrect for me to say this could never happen again, but it won’t be from me not looking again.”

Early warning signs missed

Among the tight-knit Republican circles on Long Island, he was virtually unknown. And in Queens, party leaders were still sour over his initial foray.

In normal circumstances, Mr. Santos would have been shooed away. Republicans in Nassau County, which comprises the bulk of New York’s Third Congressional District, have long been famous for exercising tight control over who runs, grooming and rewarding a stable of candidates like an old-school political machine.

(...)

When Mr. Santos chose to run again two years later, local Republicans again gave him their support. They expected that flipping the district would once again be a stretch and, in any case, Mr. Cairo’s priority was winning state and local offices, which control thousands of local jobs and major tax and spending decisions. Efforts to recruit a more formidable candidate, like State Senator Jack Martins, did not pan out.

There were already questions swirling by that time among donors and political figures about where exactly Mr. Santos lived and the source of the money that supported the lavish lifestyle he boasted about.

In the summer of 2021, one of the former advisers to Mr. Santos, who insisted on anonymity, discovered his connections to Harbor City Capital, the Florida-based firm accused of a Ponzi scheme, and to other suspicious business practices that Mr. Santos had obscured. The adviser said he took the findings to a state party official later that fall and tried to pitch the story to a newspaper, which he said did not pursue it. The Harbor City connection was later reported in The Daily Beast.

(...)

Around that time, Mr. Santos began attracting the suspicion of a pair of friends and potential donors active in New York Republican circles. Mr. Santos claimed to one of them, Kristin Bianco, to have secured the endorsement of former President Donald J. Trump, when he had not. That prompted her to express concerns about Mr. Santos to plugged-in Republicans, including associates of Representative Elise Stefanik of New York, one of Mr. Santos’s biggest early backers whose top political aide was assisting his campaign. Later Ms. Bianco and her friend became suspicious that they could not verify his work history.

“We’re just so tired of being duped,” Ms. Bianco texted Mr. Santos in early 2022, after he refused her request to produce his résumé. Mr. Santos wrote back that he found the request “a bit invasive as it’s something very personal.”

Opposition research misses the mark

The assumption that any damaging information about Mr. Santos would have been found in the 2020 campaign turned out to be misguided.

Mr. Suozzi, the popular Democratic incumbent, got a quote for the cost of an outside firm to do opposition research on Mr. Santos. But he decided not to spend the money — sparing Mr. Santos meaningful scrutiny in his first race.

“No one knew George Santos, and he had less than $50,000 in campaign funds against a popular incumbent who never even said his name,” said Kim Devlin, a Suozzi adviser. “We didn’t feed anything to the press because why would we give him press?”

With a more competitive race expected in 2022, researchers at the Democratic Congressional Campaign Committee did the first meaningful opposition research on Mr. Santos that summer, assembling an 87-page opposition research book. It extensively documents Mr. Santos’s past statements — including his extreme views on abortion rights and the Jan. 6 Capitol riot.

Using public records, the committee’s researchers also turned up some red flags in Mr. Santos’s biography: multiple evictions; no I.R.S. registration for an animal charity he had claimed to have created; details about his involvement with Harbor City (Mr. Santos himself was not named in the Ponzi scheme allegations) and more recent suspicious business dealings; as well as apparent discrepancies in his financial disclosure forms that raised questions about the source of hundreds of thousands of dollars he had lent his campaign.

(...)

Mr. Santos’s 2022 opponent, Robert Zimmerman, got hold of the research book in late August, right after he won a competitive and costly Democratic primary. He decided not to spend what would have likely been tens of thousands of dollars to do more rigorous outside research.

Other Democrats have second-guessed that decision in recent weeks, but at the time, Mr. Zimmerman had his reasons. While presidential and Senate campaigns typically have the financial and staff resources for exhaustive opposition research, House campaigns tend to rely on the D.C.C.C. to conduct their research.

Strapped for time and cash, Mr. Zimmerman concluded that his money would be better spent on advertising and canvassing operations. And he believed that the campaign committee’s report as well as Mr. Santos’s far-right views on abortion and Jan. 6 — two of the year’s most prominent campaign themes — gave him powerful campaign fodder.

“We knew a lot about him did not add up; we were very conscious of that,” Mr. Zimmerman said in an interview. “But we didn’t have the resources as a campaign to do the kind of digging that had to be done.”

Mr. Zimmerman said his campaign tried to prod reporters at local and national news outlets with leads about Mr. Santos, but had little luck. The candidate himself, a public relations executive, did not hold news conferences or use paid advertising to draw attention to known discrepancies in his opponent’s record.

What did top Republicans know?

People working for his campaign had grown accustomed to Mr. Santos’s braggadocio and outlandish claims. But when they approached him about conducting a vulnerability study, the objective was more routine: producing a record of his past statements and other public information that would be useful later when his opponents started crafting attacks.

Mr. Santos quickly signed off, but as the research dragged on, he asked to cancel the contract with the firm. When the results came back, it was clear why.

(...)

The people working for Mr. Santos convened an emergency conference call to discuss the results on Dec. 1, 2021. They presented him with a choice: bow out of the race with dignity, or stay in and risk letting the Democrats turn up the same information and use it to destroy his political and personal future.

After promising to produce diplomas that would prove his degrees (he ultimately did not), Mr. Santos said he would think it over. When he came back a few days later, he said he had spoken with other advisers and was convinced the findings were not as bad as they were being portrayed. He was staying in the race. Most of his team quit.

What top Republicans were told of Mr. Santos’s issues is more difficult to chart. Mr. Santos required those working for his campaign to sign nondisclosure agreements, limiting the spread of the vulnerability report. But one person who was briefed on its contents said that questions about Mr. Santos’s background were discussed well beyond campaign vendors. The National Republican Congressional Committee, which closely monitors House candidates and backed Mr. Santos, sometimes requests such reports as a condition of its support.

A spokesman for the group declined to comment for this article, but pointed to an earlier statement denying it had previous knowledge that Mr. Santos’s record was largely fabricated. The N.R.C.C. typically does not conduct its own independent vulnerability studies on candidates.

Mr. McCarthy, who ultimately endorsed Mr. Santos and helped his campaign, has said relatively little about the fabrications, and has refused calls to try to oust him from the House as the speaker seeks to maintain an exceedingly narrow majority in Washington. This week, Mr. McCarthy played down Mr. Santos’s lies, comparing them to other politicians who have embellished parts of their résumés and implying he would not undo the will of voters who elected him.

Spokesmen for Mr. McCarthy did not respond to repeated requests for comment for this story, and a spokesman for Ms. Stefanik, the highest-ranking New York House Republican, declined to comment. Allies of Mr. McCarthy maintain that they did not know about the baldest fabrications and misrepresentations, like those turned up by Republican researchers in late 2021, but only had more general concerns about his honesty.

Despite the financial resources he helped marshal to the race, Mr. McCarthy had good personal reason to be wary of Mr. Santos. Earlier in 2021, an aide to the candidate was caught impersonating Mr. McCarthy’s chief of staff while soliciting campaign contributions.

By the spring of 2022, Mr. Santos was in need of a new team of consultants. With help from Ms. Stefanik’s top political aide, he chose a new consulting firm and shared the vulnerability study.

The new crop of vendors, led by Big Dog Strategies, never spoke to their predecessors, though, and did not know why they had left the campaign. After Mr. Santos again insisted he had graduated from college, and addressed other red flags raised in the report, the new team accepted his explanations and began plotting a campaign. They would use issues — not the candidate’s biography — to win the race.


https://www.nytimes.com/2023/01/13/nyre ... _new=false
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Re: Politics Random, Random

#1761

Post by Deuce »

I can't believe that I'm posting in the 'politics' thread for the second time in a week...
Sigh...

I just read this article (link below), for some reason. Now, I'm Canadian, and on top of that, I pay as little attention to politics and politicians as possible. And most especially, U.S. politics. As such, I had heard the name Hunter Biden a few times, knowing he is Joe's son. I knew nothing else about him.

But I wasn't prepared for what's in this article. The stripper's baby... the 'not remembering' the sexual encounter in which the child was conceived... the 'relationship' with his brother's widow... then marrying another woman altogether... and, naturally, he has 3 other children from yet another woman...

This level of dysfunction is Jerry Springer / Geraldo Rivera type stuff.
It certainly doesn't say much for Joe's parenting skills. And yet, this is the man entrusted to manage the entire country!
Hmmm...

As usual with politics and politicians, one can appear 'good' only when compared with someone worse. With Trump as his opposition, of course Biden was going to look 'good'. But is he the 'great guy' that many seem to claim he is? Not if you assess a person by the character/quality of the children they produce.

Hunter Biden is a Mess...

.
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Re: Politics Random, Random

#1762

Post by ti-amie »

Hunter Biden was an active addict for many years and is now in recovery - a never ending state of being for addicts.

If you want to see an active addict check out some of T**mp Jr's videos.
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Re: Politics Random, Random

#1763

Post by Deuce »

ti-amie wrote: Mon Jan 16, 2023 7:37 pm Hunter Biden was an active addict for many years and is now in recovery - a never ending state of being for addicts.

If you want to see an active addict check out some of T**mp Jr's videos.
No, thanks... I've had more than enough politics in the past week to last me a year or two. :D
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Re: Politics Random, Random

#1764

Post by ti-amie »

Today in "George Santos"

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Re: Politics Random, Random

#1765

Post by ti-amie »



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Re: Politics Random, Random

#1766

Post by ponchi101 »

And still, there is no push to get him off congress, where he does not belong.
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Re: Politics Random, Random

#1767

Post by Owendonovan »

Because there's absolutely no republican that will see the difference between TFG and Biden's handling of classified documents, I'm willing to sacrifice Biden for Trump to be imprisoned.
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Re: Politics Random, Random

#1768

Post by ti-amie »

Today in "George Santos"







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Re: Politics Random, Random

#1769

Post by ti-amie »

“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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Re: Politics Random, Random

#1770

Post by ti-amie »

“Do not grow old, no matter how long you live. Never cease to stand like curious children before the Great Mystery into which we were born.” Albert Einstein
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