Trump admin will issue a Rescission request of $15,000,000,000 to congress on Tuesday

LOL. DOA.

“A rescission package is likely to face a difficult road to passage in the House, and would appear to be dead on arrival in the Senate, where Majority Leader Mitch McConnell (R-Ky.) had been nonplussed.”

45 days to act. the clock starts on Tuesday.

LOL

Allan

Wow. $15B out of a $1.3T spending package. :roll_eyes:

Even if this is approved, which is unlikely, it is a drop in the bucket compared to what they have done to blow up our debt and deficits.

Congress happy spending money, have real doubts about them cutting it to please an unpopular president and the freedom caucus.

Bottom line–no incentive to cut what already has been approved and signed off by Trump.

Allan

Trump’s Golf: Cost to Taxpayer: At least $67,176,354

The GOP and Trump are no different than the drunken spenders of their opposition whom they deride for the same spending insanity. Fiscal sanity is gone in this nation.

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If my math is correct that amounts to a 1.15% clawback. Whew!! I think discover credit card gives a higher percentage of cash back than that lol.

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Your math is correct, and that is a hilarious analogy. :rofl:

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Per year?
Or $1now $2 next year and the rest in “whenever we get around to it?”

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A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.

  • Alexander Fraser Tytler
    Wise man whoever he was.
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He also stated…

From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”

“The average age of the worlds greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

From Bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage.”

Was he prescient? Because we certainly seem to be following a similar path as well. :thinking:

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I gtw

back later

If trump really hated to sign the bill, he should have vetoed it and not attempt a recission which is doomed from the beginning.

Allan

“Almost half of the proposed cuts would come from two accounts within the Children’s Health Insurance Program (CHIP) that White House officials said expired last year or are not expected to be drawn upon. An additional $800 million in cuts would come from money created by the Affordable Care Act in 2010 to test innovative payment and service delivery models.”

Those were negotiated by the dems in good faith, really doubt they will be cut.

Now if there were equal pain for defense cuts…

Allan

Friedrich Hayek a Nobel Prize Austrian) economist wrote a well known short book called The Road to Serfdom saying many of the same things.

It’s really more a work of social philosophy or political science than econ. In it he looks at the various reasons, poverty-related and-wealth related that economies tend to start centralizing.

It’s been probably two decades since I’ve read it, but basically he states it begins in a mundane, proper fashion with such things as public works, a social safety net and regulating externalities and economic necessity brought on by wars. IIRC he theorized (finally commiting his thoughts to paper in 1944), that IF once that happens a certain mindset is adopted by even a large minority of the population, a slow but terrible snowball effect can be unleashed in which there is more and more central control of the economy until eventually whichever large minority has the most political pull can and does use the central planning function to empower itself over others and ultimately becomes lords and ladies over the rest of society which ultimately becomes much like tge serfs and peasants of old.

In fact, it follows from his argument that THAT is how the English nobility was founded,
IS the reason communist states start out fighting for the workers but in the end only serve the interests of party cadres and functionaries etc. etc…

Not surprisingly he was an Austrian economist.

Well, there goes that huge tax break for the middle class.

When Trump is playing golf he isn’t doing things the Left dislikes.

I wasn’t upset when Barry played golf … wish he’d played a lot more.

The trick is can we require Congress to play golf every day, twice a day if in leadership? Making them do something, ANYTHING besides working might be the only way to really slow the growth of government.

Yet you voted for Trump who signed the travesty of a spending bill.

Allan

It would be kind of funny if Ryan responded by saying - “Ok, Mr. President - we will deny any spending for the wall …”

I’ll have to say that that’s a creative way of covering for Trump’s constant golfing after he lied and said he wouldn’t golf. It’s especially creative since many Republicans are no longer defending him on his excessive golfing. So Bravo.

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