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Trumpland: Plutocratic Socialism
2 months ago  ::  Mar 07, 2019 - 6:54PM #911
manny_o
Posts: 645

Mar 7, 2019 -- 6:49PM, MajorYankFan wrote:


Pentagon To Tap Military Pensions Fund For Border Wall


www.joemygod.com/2019/03/pentagon-to-tap... 


The Pentagon is planning to tap $1 billion in leftover funds from military pay and pension accounts to help President Donald Trump pay for his long-sought border wall, a top Senate Democrat said Thursday. 

Sen. Dick Durbin, D-Ill., told The Associated Press, “It’s coming out of military pay and pensions. $1 billion. That’s the plan.” Durbin said, “Imagine the Democrats making that proposal — that for whatever our project is, we’re going to cut military pay and pensions.” 

Durbin, the top Democrat on the Appropriations panel for the Pentagon, was among a bipartisan group of lawmakers who met with Acting Defense Secretary Patrick Shanahan on Thursday morning.





I don’t think it mentions anything about cuts in pay or pensions.  



It’s leftover funds.  

2 months ago  ::  Mar 07, 2019 - 7:05PM #912
MajorYankFan
Posts: 32,868

Mar 7, 2019 -- 6:54PM, manny_o wrote:


Mar 7, 2019 -- 6:49PM, MajorYankFan wrote:


Pentagon To Tap Military Pensions Fund For Border Wall


www.joemygod.com/2019/03/pentagon-to-tap... 


The Pentagon is planning to tap $1 billion in leftover funds from military pay and pension accounts to help President Donald Trump pay for his long-sought border wall, a top Senate Democrat said Thursday. 

Sen. Dick Durbin, D-Ill., told The Associated Press, “It’s coming out of military pay and pensions. $1 billion. That’s the plan.” Durbin said, “Imagine the Democrats making that proposal — that for whatever our project is, we’re going to cut military pay and pensions.” 

Durbin, the top Democrat on the Appropriations panel for the Pentagon, was among a bipartisan group of lawmakers who met with Acting Defense Secretary Patrick Shanahan on Thursday morning.





I don’t think it mentions anything about cuts in pay or pensions.  



It’s leftover funds.  




 I would like that questioned answered.


Durbin said:


We’re going to cut military pay and pensions


I hope that he is wrong.

2 months ago  ::  Mar 07, 2019 - 7:29PM #913
manny_o
Posts: 645

Mar 7, 2019 -- 7:05PM, MajorYankFan wrote:


Mar 7, 2019 -- 6:54PM, manny_o wrote:


Mar 7, 2019 -- 6:49PM, MajorYankFan wrote:


Pentagon To Tap Military Pensions Fund For Border Wall


www.joemygod.com/2019/03/pentagon-to-tap... 


The Pentagon is planning to tap $1 billion in leftover funds from military pay and pension accounts to help President Donald Trump pay for his long-sought border wall, a top Senate Democrat said Thursday. 

Sen. Dick Durbin, D-Ill., told The Associated Press, “It’s coming out of military pay and pensions. $1 billion. That’s the plan.” Durbin said, “Imagine the Democrats making that proposal — that for whatever our project is, we’re going to cut military pay and pensions.” 

Durbin, the top Democrat on the Appropriations panel for the Pentagon, was among a bipartisan group of lawmakers who met with Acting Defense Secretary Patrick Shanahan on Thursday morning.





I don’t think it mentions anything about cuts in pay or pensions.  



It’s leftover funds.  




 I would like that questioned answered.


Durbin said:


We’re going to cut military pay and pensions


I hope that he is wrong.





I think we spend something like $700 Billion a year on the military.  



I don’t think a $billion is gonna be missed too much.  

2 months ago  ::  Mar 08, 2019 - 9:06AM #914
MajorYankFan
Posts: 32,868

Crooked Donnie's economic ‘ignorance’ is crippling the country


www.nytimes.com/2019/03/07/opinion/trump...


2 months ago  ::  Mar 08, 2019 - 10:21AM #915
louisiana_lightning
Posts: 14,764

Mar 8, 2019 -- 9:06AM, MajorYankFan wrote:


Crooked Donnie's economic ‘ignorance’ is crippling the country


www.nytimes.com/2019/03/07/opinion/trump...





In this case Paul Krugman is not wrong.  You can't isolate yourself to prosperity.  My hope for the tariffs was that they would result in mutual disarmament, thus far that doesn't seem to be the case and I think instinctively for some bizarre reason Trump likes the idea of protectionism.  That said Paul Krugman has the Nobel Prize for New Trade Theory but his obsession with trying to keep Keynesianism alive is a fool's folly.  Long term he is wrong more than he is right.


“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’ — which states that the number of potential connections in a network is proportional to the square of the number of participants — becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”


Paul Krugman 1998


www.washingtontimes.com/news/2019/mar/7/...


Now is he going to make excuses for Jeremy Corbyn?

2 months ago  ::  Mar 09, 2019 - 10:57AM #916
MajorYankFan
Posts: 32,868

Great going Comrade Donnie..........


Trump said big trade deficits proved our leaders were dumb – now he’s got the biggest one in US historyYell

2 months ago  ::  Mar 09, 2019 - 11:15AM #917
manny_o
Posts: 645

The current deficit is not the largest in history.  




That hat happened on Obama’s watch.  

2 months ago  ::  Mar 09, 2019 - 11:24AM #918
MajorYankFan
Posts: 32,868

Mar 9, 2019 -- 11:15AM, manny_o wrote:


The current deficit is not the largest in history.  




That hat happened on Obama’s watch.  





The rate of the rise of the federal deficit declined during his administration compared


to The Great RepublICON Recession President W.


Don't Blame Obama For Doubling The Federal Deficit - Forbes





2 months ago  ::  Mar 09, 2019 - 11:27AM #919
bertram
Posts: 6,920

Mar 9, 2019 -- 11:15AM, manny_o wrote:


The current deficit is not the largest in history.  




That hat happened on Obama’s watch.  




The carryover of the two wars into Obama's administrations, the renewal of the Bush tax cuts, and the unpaid-for Medicare, Part D were a huge part of that.  Obama reduced the deficits before he left office.  We were at the brink of the economic abyss when he was elected.  At the end of 8 years, he was able to hand off a much better situation to The Orange Menace.  

2 months ago  ::  Mar 09, 2019 - 11:35AM #920
louisiana_lightning
Posts: 14,764

Mar 9, 2019 -- 11:27AM, bertram wrote:


Mar 9, 2019 -- 11:15AM, manny_o wrote:


The current deficit is not the largest in history.  




That hat happened on Obama’s watch.  




The carryover of the two wars into Obama's administrations, the renewal of the Bush tax cuts, and the unpaid-for Medicare, Part D were a huge part of that.  Obama reduced the deficits before he left office.  We were at the brink of the economic abyss when he was elected.  At the end of 8 years, he was able to hand off a much better situation to The Orange Menace.  




Slowest recovery since the depression.  I blame the stimulus and quantitative easing.

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