After her department announced auctions to finance federal spending, Treasury Secretary Janet Yellen speaks to the press in Washington, May 7.Senate Democrats have passed a $3.5 trillion budget resolution, unlocking their ability to pass a tax-and-spend boondoggle later this fall. This comes on the heels of the $1.9 trillion package enacted along partisan lines and dubiously marketed as Covid-19 relief.
Democrats could have included a solution to the debt limit in their budget resolution, which needs only a simple majority to pass. They refused, apparently for the purpose of creating a political crisis they can use as leverage over Republicans. But Democrats no longer recognize federal appropriations as a shared responsibility when they use the budget-reconciliation process to push for $5.4 trillion in new spending on partisan initiatives. The quest to spend money for the sake of spending money has already created a steady rise in inflation, with consumer prices up 5.4% last month.
opinion SenThomTillis The Republicans are the party of deficits, not even close.
opinion SenThomTillis The republicans created the crisis or have you forgotten the tax breaks for the rich?
opinion SenThomTillis Are you forgetting the old adage: You have to spend money to make money? It's absolutely true. Remember: it all comes back into the economy.
opinion SenThomTillis Popular Opinion: The Debt Limit shouldn't exist. It's a catalyst for partisans playing Chicken with our credit every few years.
opinion SenThomTillis When the six-month-old son of Hussain (PBUH) was shot in the neck by the enemy, Hussain (PBUH) said: “O God, judge between us and the people whom we invited to help us, but they killed us.” Hussain
opinion SenThomTillis The magnitude of the blatant, glaring Republican/Conservative hypocrisy about the national debt NEVER ceases to amaze.
opinion SenThomTillis You mean the propped up fiat currencies used around the globe? The masses are already suffering so who would this REALLY hurt?
opinion SenThomTillis PS the previous admins tax cut for the rich didn't pay for itself. Unless you refer to it paying in to R politicians pockets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
517,000 student-loan borrowers with disabilities should get their debt wiped out, bipartisan lawmakers sayBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. We don't buy bitcoin we earn bitcoin from Mining I'm ready to show 10 lucky people on how to earn 0.1BTC and more daily! No referral No withdrawal fees Interested people only Kindly send us a DM. Excellent!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tilray acquires MedMen debt in latest Canada-US cannabis dealCanadian cannabis giant Tilray is using a convoluted deal with one of the most troubled US cannabis companies to enter the $100 billion US market Here's what's NOT convoluted: We will continue to support small, local, organic and unionzed farmers. MadMen MedMen LegalizeIt CannabisCommunity
Source: BusinessInsider - 🏆 729. / 51 Read more »
517,000 student-loan borrowers with disabilities should get their debt wiped out, bipartisan lawmakers sayBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. We don't buy bitcoin we earn bitcoin from Mining I'm ready to show 10 lucky people on how to earn 0.1BTC and more daily! No referral No withdrawal fees Interested people only Kindly send us a DM. Excellent!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tilray acquires MedMen debt in latest Canada-US cannabis dealCanadian cannabis giant Tilray is using a convoluted deal with one of the most troubled US cannabis companies to enter the $100 billion US market Here's what's NOT convoluted: We will continue to support small, local, organic and unionzed farmers. MadMen MedMen LegalizeIt CannabisCommunity
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: YahooNews - 🏆 380. / 59 Read more »