House Set To Vote On Stopgap Spending Bill Tomorrow

Update (5:30 pm ET): House Republicans are moving ahead with a plan to avoid a shutdown after the House Rules Committee approved a rule change that will allow Republicans to bring a two-week stopgap plan up for a floor vote Thursday, allowing the senate until end-of-day Friday to avoid a shutdown. The plan helped Speaker Paul Ryan override conservative GOP lawmakers who were pressing for a longer extension to get more leverage over Democrats and the Senate.
The decision on a stopgap bill with a Dec. 22 end-date came after Ryan and his leadership team held discussions on overall budget strategy with the leaders of the restive House Freedom Caucus. A formal check of how members would vote on the Dec. 22 deadline came back showing widespread support, said Representative Dennis Ross, a member of the vote-whipping team.
The Freedom Caucus will discuss the stopgap at a meeting tonight, according to a House Republican aide. Votes from the group’s three-dozen members may not be needed if Democrats support the stopgap plan.
As part of the talks, the Freedom Caucus has sought and Republican leaders are weighing a plan to attach the House’s fiscal year 2018 defense spending bill to a second resolution to keep the government funded after Dec. 22, according to Freedom Caucus Chairman Mark Meadows and Representative Mac Thornberry, the Texas Republican who leads the House Armed Services Committee, according to Bloomberg.
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Update: After Trump once again raised the prospect of a shutdown while speaking with reporters following a cabinet meeting today, Nancy Pelosi had a few choice words for the president…

This post was published at Zero Hedge on Dec 6, 2017.

The Complete Idiot’s Guide To Being An Idiot

Authored by MN Gordon via,
There are many things that could be said about the GOP tax bill. But one thing is certain. It has been a great show.
Obviously, the time for real solutions to the debt problem that’s ailing the United States came and went many decades ago. Instead of addressing the Country’s mounting insolvency, lawmakers chose the expedient without exception. They kicked the can from yesterday to today.
Presently, there are no good options left to fix the mathematics bearing down on us all. Hence, in the degenerate stage of an overburdened nation-state, style over substance is what counts. Without question, Congress and President Trump played their parts to push the bill with much bravura.
On Tuesday, for example, President Trump, Senate Majority Leader Mitch McConnell, and House Speaker Paul Ryan held a White House meeting with two empty chairs. Apparently, Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi didn’t want to participate in a ‘show meeting.’ Thus, they made a spectacle of themselves and ditched the meeting.
Indeed, their absence was all part of the show. Moreover, the entire episode was show; nothing more. At the time of this writing (Thursday night), the show continues on. The last we heard, the Senate vote had been delayed until Friday. By the time you read this it may be a done deal – or maybe not.
Regardless, the tax bill is all quite meaningless when you have a fiat currency that’s been stretched out like silly putty. No doubt, this has propagated immense financial speculation while outrunning actual economic growth. The effect has manifested in strange and unexpected ways.

This post was published at Zero Hedge on Dec 1, 2017.

“Beyond Resistance” – Soros, Pelosi Headline Left’s Biggest Dark Money Conference

A secretive three-day conference where big money liberal donors are plotting the next steps of the “resistance” will be headlined by Friday speeches by billionaire George Soros and Democratic House Minority Leader Nancy Pelosi, according to internal documents obtained by the Washington Free Beacon.
The Democracy Alliance, a donor club of deep-pocketed liberal donors that each pledge to direct hundreds of thousands of dollars in funding to approved left-wing groups, descended on California’s posh La Costa Resort on Wednesday morning for its fall donor summit. The group continued its tradition of secrecy, promising all members and guests of the summit their participation would “remain confidential.”
The first page of the conference agenda, which was obtained by the Washington Free Beacon and can be viewed in its entirety below, lays out “participation guidelines,” explaining that the Democracy Alliance is a “safe place” for donors and activists to meet.
Guests are instructed not to share members’ names with the press and not to post to any social media sites, to contact Democracy Alliance if “the media or a blogger” contacts them, and to “refrain from leaving sensitive materials out where others may find them.”
This latter directive was ignored.

This post was published at Zero Hedge by Brent Scher and Joe Schoffstall via, Nov 17, 2017.

Debt Ceiling Delusions and Dollar Difficulties

Guest Post from Clint Siegner, Money Metals Exchange
Those who paid any attention to the financial press last week saw the following narrative; President Donald Trump betrayed Republicans by cutting a deal with Democrats Nancy Pelosi and Charles Schumer. They agreed to punt on the borrowing cap until December and spend $15 billion for hurricane relief.
Americans are supposed to conclude that Trump is flip-flopping, and that Republicans aren’t responsible. Dig just a little, and you’ll find only one of those things is true.

This post was published at Deviant Investor on September 15, 2017.

Trump Suggests Eliminating the Debt Ceiling – Dollar Falls

Those who paid any attention to the financial press last week saw the following narrative; President Donald Trump betrayed Republicans by cutting a deal with Democrats Nancy Pelosi and Charles Schumer. They agreed to punt on the borrowing cap until December and spend $15 billion for hurricane relief.
Americans are supposed to conclude that Trump is flip-flopping, and that Republicans aren’t responsible. Dig just a little, and you’ll find only one of those things is true.
Trump is flip-flopping, no question about that. The president campaigned on promises to honor the borrowing limit. This tweet from 2013 is what candidate Trump had to say on the matter: ‘I cannot believe the Republicans are extending the debt ceiling – I am a Republican & I am embarrassed!’
But any implication that Republican leaders in Congress actually oppose more borrowing is patently false. Republicans in Congress overwhelmingly supported the deal. It was passed in the House with a vote of 316 to 90. The Senate voted 80 to 17.

This post was published at GoldSeek on 12 September 2017.

Powerful Republican Group, With 155 Members, Opposes Trump Debt Ceiling Deal

Having become best friends with top Congressional Democrats overnight, following yesterday’s stunning reversal in which President Trump unexpectedly struck a deal with Schumer and Pelosi in which he effectively handed control over the DACA process to Democrats in exchange for a 3 month extension on the debt ceiling as well as avoiding a government shutdown, Trump is now finding that it is Republicans who are engaged in open warfare with the president, and as Axios reports, the leadership of the powerful Republican Study Committee has come out against President Trump’s debt ceiling deal with Nancy Pelosi and Chuck Schumer.
For Trump, this is the harshest message of disagreement yet from the Republican Study Committee, which has 155 members, and one which “the Republican leadership – which strenuously opposed Trump’s surprise deal – fully anticipated.”

This post was published at Zero Hedge on Sep 7, 2017.

Republicans Furious As Trump Sides With Democrats On Short-Term Debt Limit Extension

It appears President Trump has found a new ally in Congress: the Democrats whose plan – derided earlier by Paul Ryan – to keep any ‘fix’ for the debt-ceiling, short-term; was approved over the Republicans’ howls of objection. As The Hill reports, President Trump agreed with top congressional Democrats at a White House meeting to fund the government and raise the debt ceiling through Dec. 15. despite objections from virtually all GOP leaders.
“In the meeting, the President and Congressional leadership agreed to pass aid for Harvey, an extension of the debt limit, and a continuing resolution both to December 15, all together,” Senate Minority Leader Charles Schumer (D-N. Y.) and House Minority Leader Nancy Pelosi (D-Calif.) said in a joint statement.
While the report give the impression of delightful civility, the reality was rather different, as Trump concluded a deal with Schumer, Pelosi et al behind Ryan and McConnell’s backs. Politico’s Jake Sherman reports that:
I am told by multiple sources Rs are furious. The Democratic ploy – to keep debt limit short term – worked. It took just a few hours.
TRUMP also agreed to extend government funding until December 15, setting up a wild final month of the year.

This post was published at Zero Hedge on Sep 6, 2017.

Sen. Hatch: Those Opposing More Debt ‘Don’t Deserve to Be Here’

Republican leaders in Congress, with the urging of Treasury Secretary Steve Mnuchin, are anxious to raise the federal borrowing limit from $19.8 trillion – no strings attached.
Learn How to Exploit the Gold Frenzy! The only hitch is those pesky conservative voters who were promised restraint by party leaders. GOP establishment hopes to quietly pass a ‘clean’ bill to raise the debt ceiling – a direct betrayal of that voter base – don’t currently enjoy enough support from other Republican members who still consider themselves accountable. So, a deal with the Democrats beckons.
Republicans technically have the power to finally honor the limit on borrowing by reducing spending. After all, Republicans control both Congress and the White House.
The last thing most Republican voters want is for McConnell and Ryan to start cutting deals with Nancy Pelosi and Chuck Schumer for a debt ceiling hike and MORE spending. But that may be exactly how this batch of sausage gets made. Watch for a coalition of big government Republicans and D

This post was published at GoldSilverWorlds on August 9, 2017.

Gingrich To GOP: Pass Tax Cuts In 2017 Or Prepare For Speaker Pelosi

Former House Speaker Newt Gingrich and former Best Buy CEO Brad Anderson penned an op-ed in the USA Today warning Republicans that they have about 4 months left to pass tax cuts or suffer the inevitable consequences of massive losses in the 2018 mid-terms that will return control of Congress to Nancy Pelosi.
The specter of House Speaker Nancy Pelosi is looming.
Following Republicans’ failure to fix the country’s health care system, polls show Americans are increasingly flirting with Democratic governance in Congress next year. This means Republicans must change their game plan. The next six months must not be the same as the last six months.
To regain their legislative momentum and keep their majority, Republicans must clearly demonstrate they are fighting for the country’s hardworking taxpayers. This means passing a major tax cut by Thanksgiving – and making it retroactive to the start of this year.
By 2018, the tax cuts will have spurred economic growth and wage increases, giving Republicans substantial momentum and a popular record of success to tout during their campaigns.

This post was published at Zero Hedge on Aug 2, 2017.

Seattle’s Minimum Wage Supporters Ignore the Facts

In what has become a running joke amongst those skeptical of the claim that minimum wage increases have no effect on unemployment, a recent report by the Employment Policies Institute showed that 174 of the 184 co-sponsors of a bill to raise the federal minimum wage to $15 an hour hired unpaid interns.
My personal favorite example of this type of this is when the Freedom Socialist Party, which was pushing for an even more ridiculous $20 minimum wage, posted ads for new employees offering $13 an hour.
The party’s national secretary doused himself in irony to defend his organization by saying ‘We’re practicing what we’re preaching in terms of continuing to fight for the minimum wage… But we can’t pay a lot more than $13.’
Hmmm, perhaps some of the unemployment a higher minimum wage would bring might actually be beneficial. Maybe we’ve gotten this whole debate wrong…
At the federal level Nancy Pelosi promised to pass a $15 an hour minimum wage if the Democrats take control of the House in 2018. Increasing the federal minimum wage across the nation is far more vulgar than increasing a state or city minimum wage. Having spent some time in New York recently, I can definitely understand the desire to increase wages. When a 350 sq. ft. studio that lacks enough space for anything more than a mini fridge rents for $2500 a month, taxes are through the roof and a pack of cigarettes costs $13, it can be hard to get by. Artificially raising the minimum wage isn’t going to fix that, but the desire to is understandable.

This post was published at Ludwig von Mises Institute on July 25, 2017.

Trump Unfit for Office?

Trump is clearly his own worst enemy. As long as he feels he must lash out at anyone in the media who bashes him, he only gives more attention to what they are doing and it is to their benefit to now criticize him hoping he lashes out making them more famous. I agree, his comments are not presidential. Just ignore them and he might find there is nothing left to bash him about, Just do the damn job. His tweet read:
‘I heard poorly rated @Morning_Joe speaks badly of me (don’t watch anymore). Then how come low I. Q. Crazy Mika, along with Psycho Joe, came to Mar-a-Lago 3 nights in a row around New Year’s Eve, and insisted on joining me. She was bleeding badly from a face-lift. I said no!’
House Minority Leader Nancy Pelosi and other Democratic leaders have been telling Democrats to stop calling for impeachment. Pelosi loves the Tweets that keep Trump in controversy after controversy where the 2018 election will be all about how he is unfit to be president because of his lashing-out.

This post was published at Armstrong Economics on Jul 3, 2017.

“Our Brand’s Worse Than Trump” Democrats Demand “Toxic” Pelosi Step Aside, Trump Urges Her To Stay

Update: Nancy Pelosi does have one supporter who believes she should stay…
I certainly hope the Democrats do not force Nancy P out. That would be very bad for the Republican Party – and please let Cryin' Chuck stay!
— Donald J. Trump (@realDonaldTrump) June 22, 2017

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Democrats’ embarrassing special-election loss in Georgia, after the liberal media built up unrealistic expectations, has provoked a wave of bitter blowback that targets House Democratic Leader Nancy Pelosi.

This post was published at Zero Hedge on Jun 22, 2017.

Pelosi Was Just Confused Last Week; She’s Now In Favor Of “Clean Debt Ceiling Increase”

Last Friday at her weekly press briefing, Nancy Pelosi caught a lot of folks, including us, off-guard when she suggested that she had no intention of supporting a debt ceiling increase. The comments led Bloomberg and others to speculate that Democrats were looking to somehow tie a debt ceiling vote to blocking the President’s tax plan, presumably a non-starter for Republicans.
Needless to say, after 8 years of bashing Republicans for using debt ceiling votes as leverage to try to force spending cuts, Pelosi’s comments were shocking, even for her. Here’s what she said last week:

This post was published at Zero Hedge on Jun 9, 2017.

The Last Stage Of Popping The Bubbles Has Begun, It’s Only A Matter Of Time – Episode 1299a

The following video was published by X22Report on Jun 6, 2017
Macy’s issues warning that profits are declining. Bankruptcies for consumers and businesses are on the rise, looks like 2008 all over again. Nancy Pelosi says she is going to put up a fight over the debt ceiling. Financial media now convincing millennials this is the time to invest. The market is rising and its time to put your money into the market. This is how bubbles pop. The central bankers don’t know what else to do but to hand out money to the people and hope they will spend it in the economy. When this happens, we will see inflation and the debt will grow astronomically and then collapse, it’s a no win situation

Paul Ryan “Begged On One Knee” For Obamacare Repeal Vote

In September 2008, Treasury Secretary Hank Paulson reportedly begged House speaker Nancy Pelosi on one knee to support his bailout plan.
The day began with an agreement that Washington hoped would end the financial crisis that has gripped the nation. It dissolved into a verbal brawl in the Cabinet Room of the White House, urgent warnings from the president and pleas from a Treasury secretary who knelt before the House speaker and appealed for her support…

This post was published at Zero Hedge on Mar 27, 2017.

Pelosi Slams ‘TrumpCare’: “Couldn’t Be Worse… Biggest Wealth Transfer Ever”

Following Chuck Schumer’s denigration of ‘Trumpcare’ overnight, Nancy Pelosi has come out swinging this morning to press the same narrative to the American people: It “couldn’t be worse” she exclaimed on ABC’s ‘This Morning’
Here is what Senate minority leader Chuck Schumer had to say about the Republican’s plan for “TrumpCare” last night…
“Trumpcare doesn’t replace the Affordable Care Act, it forces millions of Americans to pay more for less care. This plan would cut and cap Medicaid, defund Planned Parenthood, and force Americans, particularly older Americans, to pay more out of pocket for their medical care all so insurance companies can pad their bottom line.
It cuts taxes on the rich to make middle class families pay more. To make matters worse, this sham of a replacement would rip treatment away from hundreds of thousands of Americans dealing with opioid addiction, breaking the President’s word that he would expand treatment, not cut it.

This post was published at Zero Hedge on Mar 7, 2017.