Bailout / Stimulus Discussion (Hints Missed & Shartz Fired)

It might have moved there. The one I went to was in a strip mall on Flamingo, across from the Palms.

Ruth’s Chris has to be a top 5 sit down chain restaurant in the US. Chain restaurants suck really bad though so that isn’t much of a compliment. I assume people like it because it is a slightly cheaper place to get a prime steak than the 5-10 local steakhouses that are superior in almost every way.

McConnnell is now really concerned about the national debt.

https://twitter.com/joncoopertweets/status/1252969486065504256

Welp people won’t be getting any more help. Isn’t the $600 for UE only 2 more months?

Kinda crazy but our only hope is Trump forcing Mitch to do the right thing. I don’t expect them do accept such a good deal for UE next time as it does encourage people to stay home instead of look for work once the state " re-opens "

Yeah now that I think about it they’re probably not going to do any more stimulus for people to try and force as many back to work as possible.

Sounds like Cocaine Mitch has been reading @Riverman posts

They handed out trillions to the rich. Mission Accomplished!

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yeah not a coincidence that he starts becoming concerned about national debt right when the $2k/month to every person making under $130k gets proposed

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The extra $600 is for four months, available through July 25th. That part of the CARES act has the potential to be the single greatest accomplishment of Bernie Sanders’ life. They’re going to have to try and claw back billions of dollars of socialism with the pandemic likely still raging and it just might crash the whole system.

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Mitch knows that both his own and Trump’s fortunes depend on kicking the can past November as much as possible. And their only out is print, baby, print.

This is just a negotiating ploy to direct the printed money to where he wants in the next stimulus bill. :yawning_face:

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Just laying the groundwork for a Biden victory and and his inevitable caving to “fiscal scolds”.

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Leading to getting absolutely crushed in 2022 and 2024.

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https://twitter.com/BGrueskin/status/1252967063628414977

Sorry if pony.

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Mitch wants to let States go bankrupt instead of bailing them out.

So that’s interesting. I actually agree with it somewhat assuming we’re mostly talking about states that overloaded their pension systems. Interestingly moved just over a year ago from a state with a massively underfunded pensions system at least partially because I feared the entire state turning into Detroit… and that state was Kentucky.

He seems to think that California, Illinois, and Connecticut are poster children for this… which is incredible given he’s the Senator from KY. Those three states deserve a federal bailout DRAMATICALLY more than KY given the amount they pay in federal income taxes vs what they get back.

Seriously we should just break the country up already. I’m really tired of welfare queens… by which I mean the poor GOP run states who soak up huge amounts of federal aid and contribute nearly nothing in return but bad policy.

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States are screwed because tax collections are down. They can’t print money. LOL Mitch McConnell caring about anything.

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Yeah I’d be pretty OK with them blowing up the muni bond market and stealing all the public employees pensions. I’m generally pro consequences for Baby Boomers though. Very biased.

What can I say? Their ability to avoid consequences up until now really offends me on a deep level. I guess I could only take so much shit talking about video games, avocado toast, and starbucks before I wanted to see someone get hurt. Really hurt.

Seriously they’ve driven the entire world into the ground like a tent peg and up to now they’ve experienced 0% of the consequences of that.

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In Illinois at least, the pensions are constitutionally guaranteed. It won’t be the pension recipients that get hurt, it will be the state service consumers, starting with Medicaid.

Can’t states issue a metric fuck ton of debt though? I don’t really profess to know much about US state financing, but usually that kind of thing trades at a spread vs. Treasuries so probably pretty cheap for them to borrow right now.

That’s bullshit. Sounds like an awesome reason to leave IL honestly.

Always nice when some Boomers make promises to themselves and then try to figure out how to legally force the next generation to honor them.

I’ll happily pay taxes for the services I consume and to provide for the poor today. I absolutely do not believe that I owe anything to help pay for the Boomers. They didn’t pay their share, and if they want their promises kept they should pay for them like I’m going to have to pay for mine. They have most of the wealth in the country, so when we start asking ‘how will we pay for this fiasco’ I’ll absolutely move to another country if anyone suggests I pay one red cent before the Boomers have paid their entire share in full.

You’d have to renounce citizenship too and I’m not even sure that’s doable for several years.

Income tax is exempted below 105k. I’m confident I can find a way to earn less than that and still be quite comfortable overseas before renouncing my citizenship.