Debt Ceiling Brinkmanship

September 30th, 2021 at 9:04:49 AM permalink
Tanko
Member since: Aug 15, 2019
Threads: 0
Posts: 1031
Members of Congress are too invested in stocks to allow a default and tank the markets.

They are required to report their trades, as well as their spouses' transactions, but they don't always comply.

34 members of Congress have violated a law designed to root out insider trading and prevent conflicts-of-interest

House Speaker Nancy Pelosi’s husband cashed in on Big Tech just as Congress was set to pounce

Latest Senate Stock Disclosures

US Politician Stock Trading
September 30th, 2021 at 9:08:29 AM permalink
terapined
Member since: Aug 6, 2014
Threads: 54
Posts: 9157
Quote: Tanko
Members of Congress are too invested in stocks to allow a default and tank the markets.


Thats great to hear
I was getting worried
I think its fabulous congress owns stocks
Same boat as me
Their comfort means my comfort
Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World"
September 30th, 2021 at 10:10:08 AM permalink
ams288
Member since: Apr 21, 2016
Threads: 20
Posts: 9129
Quote: Tanko
Members of Congress are too invested in stocks to allow a default and tank the markets.

They are required to report their trades, as well as their spouses' transactions, but they don't always comply.

34 members of Congress have violated a law designed to root out insider trading and prevent conflicts-of-interest

House Speaker Nancy Pelosi’s husband cashed in on Big Tech just as Congress was set to pounce

Latest Senate Stock Disclosures

US Politician Stock Trading


Tanko starting to sound like an Elizabeth Warren fan.
“A straight man will not go for kids.” - AZDuffman
September 30th, 2021 at 10:10:53 AM permalink
fleaswatter
Member since: Oct 24, 2012
Threads: 3
Posts: 1083
Quote: OnceDear
In the absence of 50 votes that is academic.
Anyone want a beer money bet that the debt ceiling does NOT get raised in time and that technically, default is declared some time in October. Maybe a wager on the wording of a WSJ headline something along the lines of "US Defaults on Debt for first time ever!" ?


The US will not default in October
Let's go Brandon
September 30th, 2021 at 10:12:11 AM permalink
JCW09
Member since: Aug 27, 2018
Threads: 5
Posts: 631
Holy crap, are the loser Dems really going to tank the Infrastructure Bill?
Doesn't the House need another Senate vote on a "new" infrastructure bill if they do vote it down?
Maybe Nancy doesn't it bring it to vote today but nothing is going to change with Sinema/Manchin with more time.
The Dems are F'd, "Biden's Plan", which is really "Bernie's Socialist Agenda", is going to go down hard with only 48 Senate Votes.
Just a beautiful sight!
"Hopefully (DON) apologized for the cops he got injured & KILLED on 1/6"- ams/JUSSIE Lie (Caps Mine)
September 30th, 2021 at 10:37:56 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 16253
Quote: JCW09
Holy crap, are the loser Dems really going to tank the Infrastructure Bill?


Lets hope so! Totally unneeded.

Reminds me, I have to buy bacon.
The President is a fink.
September 30th, 2021 at 10:53:18 AM permalink
terapined
Member since: Aug 6, 2014
Threads: 54
Posts: 9157
Quote: JCW09
Holy crap, are the loser Dems really going to tank the Infrastructure Bill?

I dont think most Dems care
Most Dems are thrilled Trump Isn't President
We are use to obstruction by republicans
Kind of sucks but not in comparison to Trump being President. That would really suck big time
Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World"
September 30th, 2021 at 11:51:36 AM permalink
JCW09
Member since: Aug 27, 2018
Threads: 5
Posts: 631
Quote: terapined
Kind of sucks but not in comparison to Trump being President. That would really suck big time

It definitely sucked when we got stuff done and didn't lie to the American people about foreign policy debacles.
Blowing off the Generals recommendations cause The House Plant thinks Miracle Grow gives him the answers on foreign policy.
Nothing better than leaving Americans behind enemy lines & getting soldiers killed unnecessarily,
You can't beat celebrating 20 years since 9/11 by having Afghans fall off US planes as a tribute to people jumping out of the Towers.
It definitely sucked when the border was secure and we were building a wall to keep it that way.
When unemployment was at 50 year lows before a 100 year pandemic hit.
The economy was booming, what a disaster that was.
It's so much better now that the Border is a mess and 20% of the migrants we release into the interior are Covid positive
I mean before we were an international joke, but somehow only now are Europeans pulling their ambassadors from the US
Inflation is out of control and jobless claims are going up, how is that diesel price Ed?
The stock market is finally taking note of massive inflation that isn't transitory
So up those interest rates go and fast & down go the growth stocks.
TSM is only down 15% since The House Plant took office, well played Ed!
Let's go with RxEd's take and hope the infrastructure bill gets killed today as well.
God, I hope one of those bridges doesn't collapse with your rig in the middle of it.
I mean that would be karma, but I guess you don't care, right?
"Hopefully (DON) apologized for the cops he got injured & KILLED on 1/6"- ams/JUSSIE Lie (Caps Mine)
September 30th, 2021 at 11:59:05 AM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 144
Posts: 24487
Dollar Tree announced yesterday that by the end of the year
they're raising the price in all their stores to $1.25. Experts
are saying this is a huge deal because it will cause retailers
everywhere to raise their prices and really kick inflation into
high gear.
If you take a risk, you may lose. If you never take a risk, you will always lose.
September 30th, 2021 at 12:00:07 PM permalink
ams288
Member since: Apr 21, 2016
Threads: 20
Posts: 9129
Quote: JCW09
It definitely sucked when we got stuff done and didn't lie to the American people about foreign policy debacles.
Blowing off the Generals recommendations cause The House Plant thinks Miracle Grow gives him the answers on foreign policy.
Nothing better than leaving Americans behind enemy lines & getting soldiers killed unnecessarily,
You can't beat celebrating 20 years since 9/11 by having Afghans fall off US planes as a tribute to people jumping out of the Towers.
It definitely sucked when the border was secure and we were building a wall to keep it that way.
When unemployment was at 50 year lows before a 100 year pandemic hit.
The economy was booming, what a disaster that was.
It's so much better now that the Border is a mess and 20% of the migrants we release into the interior are Covid positive
I mean before we were an international joke, but somehow only now are Europeans pulling their ambassadors from the US
Inflation is out of control and jobless claims are going up, how is that diesel price Ed?
The stock market is finally taking note of massive inflation that isn't transitory
So up those interest rates go and fast & down go the growth stocks.
TSM is only down 15% since The House Plant took office, well played Ed!
Let's go with RxEd's take and hope the infrastructure bill gets killed today as well.
God, I hope one of those bridges doesn't collapse with your rig in the middle of it.
I mean that would be karma, but I guess you don't care, right?


These “sky is falling” posts from righties were common during the Obama years too.
“A straight man will not go for kids.” - AZDuffman