I would have the outrage but since the Nancy tripped over herself to prevent spending $2trillion that was going to make the rich richer, I kind of enjoyed it. Our government is planning to spend $2 trillion on what? Send me a check for $2million. Srsly $2trillion pissed away on what exactly?
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What Congress is doing/passing I can not find anywhere in the the U.S. Constitution.
Congress has not followed the U.S. Constitution since it ( Congress ) first started, what leads you to think they would suddenly start at this late date.
Paul L. Quandt
P.S.: None of the rest of the Federal government pays any attention to such a mundane document either.
nancy said if you want to know what's in the stim bill you have to vote for it. where have i heard that line before?
i noted that nancy was all smiles during her last public statement, which leads me to wonder what god awful thing she has cooked up this time,
hopefully, the homeless vagrants who broke into her SF mansion in order to shelter in place are amusing themselves with her collection of fine bourbons she collected during her many junkets all over the world.
No doubt it's not in the constitution, but no doubt, in my so called mind, it's not a bad thing.
Currency devaluation penalizes those who hoard currency. i.e 'savers'. It does not penalize 'speculators' aka 'risk takers' aka 'those who save but then invest'.
Saving without investment and risk deserves a very small return, perhaps even a negative return.
Homeless types taking over her SF digs would make my entire first fiscal quarter of the year!
a deceitful government that speculates on gdp continuously rising with out end penalizes even those savers who are holding US bonds and cash as the government makes those monies worth less than when those monies were worth when they were earned.
The inept government lawmaking-and I am looking at you dodd/frank- causes extreme losses for the investor which otherwise would not have lost any value for the various value of values.
Every time government interferes for the good of anyone for any reason in capitol investment and capitalism in general skews markets away from their natural inclinations and increases costs and causes shortages of commodities for the consumer which increases prices in a never ending spiral debt and deficit spending which government intends to never pay down the principal and relies on the increasing gdp to cause the debt to look smaller than the real numbers show it to be. twenty six trillion dollars in the red. now the gdp is dropping, either print toilet paper or borrow from the chinese or germans or saudis who all have their own problems.
financial institutions always invest those savings funds except funds government requires financial institutions to have on hand.
individual investors only loose if they buy high and sell low or chose poorly in the investment they make.
I am a financial idiot and I know this to be factual, why don"t you, iOpener
What Paul says. Congress has little but contempt for the Constitution and always has and it veered into even more contempt under Obama and Pelosi.
It would gladden my heart to wake up one fine day in this Republic and hear that the mobs had burned down her San Francisco estate and her Latifundia in the wine country up north in Napa or Sonoma. There was a spread about it a month ago in the NY Times or WSJ.
Hard to believe that the federal government survived from 1789 until 1913 on just tariffs and other such revenue. It was written into the Constitution ratified by the founders that there would be no income tax. It took Woodrow Wilson and his types and the kind of people that voted for WWI to override that.
As to your statement, "why should savers be punished?"
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