USA 2024 Elections Thread

grarpamp grarpamp at gmail.com
Thu May 25 10:39:09 PDT 2023


https://twitter.com/RNCResearch

US Democrat Party Are Economic FRAUDS Upon The US People
One of many Corrupt ways...

Rob Schmitt @SchmittNYC
Excellent explainer here @tomselliott

https://twitter.com/tomselliott/status/1661369450162012162

Tom Elliott @tomselliott
Here's the real reason Democrats are desperate to raise the debt
ceiling: When, next week, the Treasury starts taking in less than it's
scheduled to distribute, many progressives claim the U.S. will
default. But as I've been explaining over the last couple weeks, this
is false.

Tom Elliott @tomselliott
The CBO projects 2023 interest on the debt will run $640B. 2023
federal tax receipts are estimated to be $4.6 trillion (7x more than
needed to avoid default). Federal law & the Constitution require
creditors be paid in full, whereas discretionary spending is merely
“allocated”

Tom Elliott @tomselliott
When revenues can’t meet expenditures, the president is the authority
on which payments are made. If anyone’s “holding the economy hostage,”
it’s Democrats, who are threatening default as leverage against
Republicans to expand borrowing for unrelated wasteful spending.

Tom Elliott @tomselliott
Why? Well, without more debt, Democrats will need to start paring back
discretionary spending (which incidentally is what a majority of
Americans want them to do, per a CNN poll). Democrats are nonetheless
refusing, and the reason's obvious:

Tom Elliott @tomselliott
The $1.2T Build Back Better bill makes it rain — all over Dems' "green
energy" donor base. The $400B CHIPs Act likewise scratches the back of
America's most profitable (and staunchly progressive) industry,
showering tech companies with hundreds of billions in unnecessary
handouts

Tom Elliott @tomselliott
The $2T American Rescue Plan similarly rewards teachers unions for
their unwavering support of Democrats. What do these beneficiaries of
Dems' largesse do w/ these trillions of $? In large part they return
the cash to Democratic officeholders in the form of campaign
donations.

Tom Elliott @tomselliott
The debt ceiling, then, means this gravy train is forced to return to
the station. The cycle of crony capitalism & corruption is temporarily
disrupted.

Tom Elliott @tomselliott
Without raising the debt ceiling, there will be no default. The only
"crisis" will be for Democrats, who will need to get more creative in
their attempts at laundering tax dollars back into their own pockets.

Tom Elliott @tomselliott
The crisis is not the debt ceiling. The crisis is the debt itself.


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