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‘Donnie, I Got Sent For’. Jerome Powell Had A Little Chat With Trump On Monday Morning

"You don't wanna go? I'll turn around."

"You don't wanna go? I'll turn around."
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4 comments on “‘Donnie, I Got Sent For’. Jerome Powell Had A Little Chat With Trump On Monday Morning

  1. vicissitude says:

    Powell needs to take on massive amounts of reserves to save the wall, since it can’t be in the budget …

    See: Persistent trillion-dollar budget deficits that contribute to larger and larger debt levels means that spending by the government to service the debt will eventually crowd out more productive uses of capital (like building the campaign promised wall).

    See: The House is expected to vote on a continuing resolution (CR) this week that would prevent a government shutdown on Nov. 22 and push the deadline until Dec. 20. But many sound doubtful they will be ready to make a new deal next month.

    “Unless something unusual happens around here, I don’t see how we get all our work done and put all the pieces together by [December] 20th,” said Rep. Lucille Roybal-Allard (D-Calif.), who heads of the Homeland Security appropriations subcommittee that deals with wall funding.

    The House is expected to vote on a continuing resolution (CR) this week that would prevent a government shutdown on Nov. 22 and push the deadline until Dec. 20. But many sound doubtful they will be ready to make a new deal next month.

    “Unless something unusual happens around here, I don’t see how we get all our work done and put all the pieces together by [December] 20th,” said Rep. Lucille Roybal-Allard (D-Calif.), who heads of the Homeland Security appropriations subcommittee that deals with wall funding.

  2. Anaximander says:

    Esther George and Eric Rosengren, collectively, are known by their alias Don Brasco, aka Don the Jeweler. They can always spot a fugazi passing as a diamond, fuhgeddaboudit. Don wouldn’t be okay with the pyramid scheme of passing artificially inflated assets on indefinitely, the alchemy of turning a fugazi into a diamond.

  3. vicissitude says:

    I realize I get lost in weird off topic stuff, but, I find it interesting that there’s almost a total media blackout of deficit debt news stories, which I assume would be out there in media land pounding the drums about a Nov 22 budget deadline — even the Democrat candidates are not making a big deal about something so basic. I realize the Nov 22 CR probably will kicked down the road to Dec., but, why isn’t this drama in the news?

    See: At the time, Republicans controlled the House, and Democrats held the Senate. Obama had said he would veto any bill that defunded Obamacare. His veto threat and the Democratic-controlled Senate doomed any measure that undermined the fledgling health care program.

    The House passed several bills that eliminated Obamacare funding, and the Senate kept stripping out those provisions.

    The latest shutdown stems from President Trump’s desire for $5 billion to build a wall along the border with Mexico. The Republican-controlled Senate declined to make that part of its funding plan because it couldn’t get the needed 60 votes to eventually pass the spending plan. The House passed a measure with money for the wall.

    In 2018, funding for the wall stands alone. In 2013, a compromise on the debt ceiling cleared the way to reopen the government.

    There is also a legal difference. In 2013, Obamacare was already law. Funding for the wall is not.

    Why is the budget being ignored by the media (except for HR)??

  4. vicissitude says:

    This just in today and apparently 4 days old but just hyped today. Apparently the GOP would like to continue de-funding unimportant things like the EPA, etc and then fast track super critical matters like building a WALL and, if the WALL has a budget and has priority red, then by all means, line up the only priorities that the GOP has — this may get more spin a few days from now — but as today, it’s invisible.

    November 14, 2019
    Press Release

    WASHINGTON, DC – Today, Congressmen Andy Biggs (AZ-05) and Ralph Norman (SC-05) introduced the Budget Process Enhancement Act. This bill makes two major reforms to the budget process. First, it would force federal government departments and agencies to justify new spending requests every year, rather than wait for steadily growing lump sums from Congress. Second, it continues Congressman Biggs’ longstanding commitment to “no budget, no pay” by holding the salaries of Members of Congress in escrow if they do not agree to a budget resolution in a timely manner after the current two-year agreement ends.

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