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Economics: Today's Jobs Report

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#681 LFC

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Posted 19 March 2021 - 10:19 AM

And here come the rest of the Republicans screeching for tax cuts which, of course, they'll hand mostly to the rich. Some things never change.

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Republican state attorneys general are claiming that a bid to prevent the states from using the $1.9 trillion Biden stimulus package to finance tax cuts constitutes “the greatest attempted invasion of state sovereignty by Congress in the history of our Republic.”

A group of twenty one Republican state attorneys general sent a letter to Treasury Secretary Janet Yellen on Tuesday, demanding that she refuse to implement a provision in the American Rescue Plan which prohibits states from using $350 billion in stimulus on financing tax cuts.

It’s among the first salvos in what is likely to be a long war of Republican state attorneys general against the Biden administration and its policy agenda. In this case, the AGs are threatening to sue should Yellen decline to specify that the states can proceed with tax cut measures outlined in the seven-page document.

The language of the letter is riven with threats and ultimatums. At the end of the message, the attorneys general give Yellen a deadline: if she does not provide an “assurance” that the states can continue with plans for tax cuts, they “will take appropriate additional action to ensure that our States have the clarity and assurance necessary to provide for our citizens’ welfare through enacting and implementing sensible tax policies, including tax relief.”

Congress added the provision during negotiations over the $1.9 billion stimulus package this month as multiple state legislatures indicated that they would use the aid for pandemic-stricken states and cities to finance massive tax cuts.

The money comes as states and cities around the country continue to contemplate steep cuts to public services absent an influx of cash, as the pandemic dealt a huge hit to the economy. The stimulus legislation aims at ensuring that federal money is used to patch these budget holes instead of financing tax cuts.

The implementation of the law, and the resolution of questions like the fate of pre-existing tax cuts, will be up to the Treasury Department, which has yet to issue any rules on the provision.

" 'Individual conscience' means that women only get contraceptives if their employers, their physicians, their pharmacists, their husbands and/or fathers, pastors, and possibly their mayors, Governors, State Secretaries of Health, Congressmen, Senators, and President all agree that in that particular case they're justifiable." --D.C. Sessions

"That's the problem with being implacable foes - no one has any incentive to treat you as anything more than an obstacle to be overcome."

"The 'Road to Serfdom' is really all right turns." --Progressive Whisperer

""The GOP ... where every accusation is also a confession." --Progressive Whisperer

#682 AnBr

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Posted 22 March 2021 - 08:16 AM

Is it Time to Stop Calling it “The National Debt”?
“Trump’s a stupid man’s idea of a smart person, a poor man’s idea of a rich person & a weak man’s idea of a strong man.”

— Fran Lebowitz


“One of the saddest lessons of history is this: If we've been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It's simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.”

— Carl Sagan


Pray for Trump: Psalm 109:8

"Science is more than a body of knowledge; it is a way of thinking. I have a foreboding of an America in my children's or grandchildren's time - when the United States is a service and information economy; when nearly all the key manufacturing industries have slipped away to other countries; when awesome technological powers arc in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what's true, we slide, almost without noticing, back into superstition and darkness.

— Carl Sagan
The Demon-Haunted World: Science as a Candle in the Dark
1995


“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”

— H.L. Mencken
On Politics: A Carnival of Buncombe


“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.”

— Franklin Delano Roosevelt
Second inaugural address January, 1937

#683 Traveler

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Posted 22 March 2021 - 07:58 PM

Great article. Thanks.
"Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened."-- Winston Churchill
"Anyone who has the power to make you believe absurdities has the power to make you commit injustices" Voltaire

#684 LFC

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Posted 23 March 2021 - 08:02 AM

 AnBr, on 22 March 2021 - 08:16 AM, said:


That's both fascinating and a bit frightening at the same time. There are plenty of nations who found out "national debt" was real when things turned to shit. Think Argentina and Greece. They just weren't as economically big as the nations cited. It sounds like if you're one of the big boys you can freely print money and if you're not well, you're SOL.
" 'Individual conscience' means that women only get contraceptives if their employers, their physicians, their pharmacists, their husbands and/or fathers, pastors, and possibly their mayors, Governors, State Secretaries of Health, Congressmen, Senators, and President all agree that in that particular case they're justifiable." --D.C. Sessions

"That's the problem with being implacable foes - no one has any incentive to treat you as anything more than an obstacle to be overcome."

"The 'Road to Serfdom' is really all right turns." --Progressive Whisperer

""The GOP ... where every accusation is also a confession." --Progressive Whisperer

#685 LFC

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Posted 23 March 2021 - 09:35 AM

Serial sexual predator Rep. Madison Cawthorn continues being awful and uninformed. More likely he's just flat out lying.

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U.S. Rep. Madison Cawthorn is once again under fire, this time for lying that President Joe Biden's COVID relief bill doesn't include any funds to help homeless veterans. In a xenophobic tweet Cawthorn, a Republican from North Carolina who voted against the legislation, slammed Democrats for allocating $86 million for hotels for unaccompanied children crossing the border seeking asylum.

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The Biden Admin just dropped $86 Million dollars to get hotel rooms for ILLEGAL IMMIGRANTS yet we have zero dollars going to our homeless veterans who are at a high risk of suicide.

UNACCEPTABLE. UNAMERICAN. — Madison Cawthorn (@CawthornforNC) March 21, 2021

Many noted in response that the American Rescue Plan allocates billions for homeless vets, in addition to spending $1.6 billion via the Veterans' Administration's budget for homeless veterans.

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The American Rescue Plan that @CawthornforNC voted against has allocated $14.5 billion for veterans, including suicide prevention and fighting homelessness.

In addition, under President Biden, the VA will spend $1.6 billion in 2021 to specifically to combat veteran homelessness. — Travis Akers (@travisakers) March 22, 2021

Separately, the VA reports, the American Rescue Plan Act allocates $17 billion to help veterans during the COVID-19 pandemic, including funds to help 37,000 homeless veterans.

Cawthorn sits on just two House committees. One of them is the Committee on Veterans' Affairs.

Many blasted him for not only voting against Biden's rescue plan, which is now law, but for not offering a single piece of legislation to help veterans, including none to help homeless veterans.

Others noted that in an attempt to delay passage of the bill, Republicans forced an oral reading of the legislation, delaying its passage by a full day.

" 'Individual conscience' means that women only get contraceptives if their employers, their physicians, their pharmacists, their husbands and/or fathers, pastors, and possibly their mayors, Governors, State Secretaries of Health, Congressmen, Senators, and President all agree that in that particular case they're justifiable." --D.C. Sessions

"That's the problem with being implacable foes - no one has any incentive to treat you as anything more than an obstacle to be overcome."

"The 'Road to Serfdom' is really all right turns." --Progressive Whisperer

""The GOP ... where every accusation is also a confession." --Progressive Whisperer

#686 golden_valley

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Posted 23 March 2021 - 10:23 AM

 LFC, on 23 March 2021 - 09:35 AM, said:

Serial sexual predator Rep. Madison Cawthorn continues being awful and uninformed. More likely he's just flat out lying.



Separately, the VA reports, the American Rescue Plan Act allocates $17 billion to help veterans during the COVID-19 pandemic, including funds to help 37,000 homeless veterans.

Cawthorn sits on just two House committees. One of them is the Committee on Veterans' Affairs.

Many blasted him for not only voting against Biden's rescue plan, which is now law, but for not offering a single piece of legislation to help veterans, including none to help homeless veterans.

Others noted that in an attempt to delay passage of the bill, Republicans forced an oral reading of the legislation, delaying its passage by a full day.


He, like others in the Republican caucus, was sent to DC only to throw verbal bombs and vote no on anything suggested by Democrats. He is not there to legislate or to be reasonable about anything.

#687 LFC

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Posted 23 March 2021 - 02:54 PM

Here's a look at some major provisions in Biden's infrastructure bill proposal.
" 'Individual conscience' means that women only get contraceptives if their employers, their physicians, their pharmacists, their husbands and/or fathers, pastors, and possibly their mayors, Governors, State Secretaries of Health, Congressmen, Senators, and President all agree that in that particular case they're justifiable." --D.C. Sessions

"That's the problem with being implacable foes - no one has any incentive to treat you as anything more than an obstacle to be overcome."

"The 'Road to Serfdom' is really all right turns." --Progressive Whisperer

""The GOP ... where every accusation is also a confession." --Progressive Whisperer

#688 LFC

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Posted 31 March 2021 - 11:10 AM

 LFC, on 23 March 2021 - 09:35 AM, said:

Serial sexual predator Rep. Madison Cawthorn continues being awful and uninformed. More likely he's just flat out lying.

Now he's for it after he was against it. This guy is trying to out-Gaetz Gaetz as loudest douchebag in the House.

Quote

Rep. Madison Cawthorn (R-NC) on Tuesday was suddenly “happy” to tout that community health centers in his district will receive grants from the Department of Health and Human Services — which were made possible through the passage of the COVID-19 relief package that he voted against earlier this month.

" 'Individual conscience' means that women only get contraceptives if their employers, their physicians, their pharmacists, their husbands and/or fathers, pastors, and possibly their mayors, Governors, State Secretaries of Health, Congressmen, Senators, and President all agree that in that particular case they're justifiable." --D.C. Sessions

"That's the problem with being implacable foes - no one has any incentive to treat you as anything more than an obstacle to be overcome."

"The 'Road to Serfdom' is really all right turns." --Progressive Whisperer

""The GOP ... where every accusation is also a confession." --Progressive Whisperer





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