But perhaps the most destructive, least noticed part of the bill is a provision that would force virtually all federal regulatory machinery to grind to a halt.
Tuesday Reads
Posted: May 16, 2023 Filed under: Crime, Domestic terrorism, Economy, Global Financial Crisis | Tags: debt limit, GOP extortion, guns, mass shooting, mental illness, violence 12 Comments
HENRI MATISSE -Les Pensées de Pascal,1924
Good Morning!!
I’m still trying to recover from Dakinikat’s post yesterday. She seems convinced that the Supreme Court will agree with the 5th Circuit that the way the Consumer Finance Protection bureau is financed is unconstitutional and their decision will lead to the downfall of the Federal Reserve, Social Security, Medicare, and other off-the-books programs. I’m not convinced it will happen, but I’m still extremely depressed by Dakinikat’s arguments.
But for today, I’m trying to set all that aside and just worry about what’s happening (or not happening) with the debt ceiling. Here’s the latest on that emergency.
This is an opinion piece by The Washington Post’s Katherine Rampell, who is very knowledgeable about economic issues: After breaking itself, Congress tries to break the rest of government, too.
The GOP House’s debt-limit-and-spending-cuts bill does a lot of things to sabotage the basic functions of government. It decimates spending on safety-net programs. It creates more red tape to block Americans from accessing services they’re legally eligible for. And it makes it harder for government to fund itself in the first place.
Tucked into Republicans’ debt-limit-ransom bill is some legislative language that has been kicking around Capitol Hill for a while, known as the Reins Act. If enacted, the law would prevent “major” agency regulations — somewhere around 80 to 100 per year — from going into effect unless Congress first approves each and every one.
To be clear, under current law, Congress already has the ability to rescind regulations it dislikes. This new bill would essentially change the default, so that no major regulation could take effect before Congress gives its blessing.
This change might sound reasonable. After all, tons of American problems have been dumped at the feet of executive-branch agencies (guns, immigration, health costs, etc.). It would be great if federal lawmakers got more involved in trying to solve literally any of them.
But if you think about how Congress actually functions (or rather, doesn’t), you’ll realize this is not an earnest attempt to get lawmakers to roll up their sleeves and conquer the Big Issues. It’s about throwing sand in the gears of the executive branch, so that no one can solve any issue. Ever.

By Ernest Ange Duez
Rampell explains why the system is set up the way it is.
There are two main reasons Congress currently delegates certain regulatory issues to executive-branch agencies such as the Food and Drug Administration or the Securities and Exchange Commission.
First, some policy questions aretechnically challenging. What amount of arsenic in the air is “safe”? What should bethe technical standards for mammography equipment? How should the Volcker Rule be implemented in practice? As talented and hard-working as congressional staff are, they might not have the time or expertise to make informed decisions about such minutiae. Agency scientists or other subject-matter experts are tapped to weigh evidence, solicit input from the public, hold hearings, etc., to execute the objectives Congress has enacted.
The second reason is political.
There are plenty of policy questions that Congress has technical capacity to resolve but might prefer not to. Maybe lawmakers can’t come to an agreement within their caucus. Maybe they know that whatever they choose to do will be unpopular.
So: They punt, and make it some other government functionary’s problem.
For example, Congress has been unable to pass significant immigration reform in more than three decades, leaving the executive branch to address migration-related problems in sometimes legally tenuous ways (see: the legal limbo ofso-called dreamers, or former president Donald Trump’s unfunded border wall). Congress has all but abdicated many of its basic responsibilities to other branches of government, such as passing a budget, setting tariffs or deciding on abortion rights.
Or, you know, making sure the federal government doesn’t default on its debt. Apparently even some Republicans are now rooting for President Biden to direct Treasury to mint a new $1 trillion platinum coin to pay off government expenses or adopt some other deus-ex-machination.
Read more at the WaPo.
Biden and McCarthy are meeting again today. From The New York Times: Biden and McCarthy Set for More Talks as Debt Limit Deadline Nears.
The 3 p.m. meeting comes a day after Treasury Secretary Janet L. Yellen reiterated that the United States could run out of money to pay its bills by June 1 if Congress does not raise or suspend the debt limit.
Jean Metzinger (French, 1883–1956), Tea Time, woman with a spoon
Republicans have said they want to slash federal spending before lifting the debt ceiling. The president has maintained that raising the limit is a responsibility of Congress and should be done without conditions to avoid an economic disaster, even as he has said he is open to separate negotiations over spending.
Over the weekend, the White House projected cautious optimism regarding a potential agreement, but on Monday, Speaker Kevin McCarthy expressed doubts.
“I don’t think we’re in a good place,” Mr. McCarthy said. “I know we’re not.”
Some potential areas of compromise have emerged in recent days, however. Mr. McCarthy said on Monday that he wanted to negotiate some of the key provisions of the bill to raise the debt limit that House Republicans passed last month. Those include spending caps, permitting changes for domestic energy projects, work requirements for safety net programs like food stamps and clawing back unspent money allocated for pandemic relief programs. “All of that I felt would be very positive,” he said.
Most of the people on food stamps are children, so this would go along with the new Republican push to get rid of child labor laws.
In addition to Mr. McCarthy, Senator Mitch McConnell, Republican of Kentucky and the minority leader; Senator Chuck Schumer, Democrat of New York and the majority leader; and Representative Hakeem Jeffries of New York, the Democratic leader, will join Mr. Biden at the White House.
The government hit the $31.4 trillion debt limit on Jan. 19, and the Treasury Department has been using accounting maneuvers to keep paying its bills. Mr. Biden is also scheduled to leave for Japan on Wednesday to attend the Group of 7 meeting, heightening the sense of urgency to make progress on the debt limit….
“We welcome a bipartisan debate about our nation’s fiscal future,” Mr. Schumer said on Monday. “But we’ve made it plain to our Republican colleagues that default is not an option. Its consequences are too damaging, too severe. It must be taken off the table.”
Ms. Yellen will warn on Tuesday that the standoff over the debt limit is already having an impact on financial markets and is increasing the burden of debt on American taxpayers. Investors, she will note, have become wary of holding onto government debt that matures in early June — when the government could start running out of cash.
“We are already seeing the impacts of brinkmanship,” Ms. Yellen will say at the Independent Community Bankers of America summit, according to excerpts from her prepared remarks.
The Washington Post: Liberals grow fearful Biden may reward GOP for weaponizing debt ceiling.
The White House’s liberal allies are increasingly worried that negotiations with House Republicans over the budget risk rewarding the GOP for threatening the U.S. economy with default, even as Biden administration aides insist the talks have nothing to do with the looming debt ceiling deadline.
Tea Time, by Jacques Jourdan
Since last week, Biden aides have been in talks with staffers representing leaders in Congress about a deal to fund the federal government next year that would also raise the nation’s debt ceiling, which must be lifted by as soon as June 1 to avoid potential economic catastrophe. President Biden will host House Speaker Kevin McCarthy (R-Calif.) and other top congressional leaders again on Tuesday for more discussions.
The fresh talks follow months in which Biden and his top aides insisted that the White House would not entertain making any trade-offs to raise the debt limit, saying that would set a dangerous precedent that encourages GOP brinkmanship. And yet, to some critics, the administration appears to be doing exactly that — following unrelenting pressure from the business community and even some moderate Democratic voices to enter bipartisan talks after the House passed a spending and debt limit bill last month.
Publicly, Biden administration officials are adamant that they are working with House Republicans on a deal to fund the federal government in the next fiscal year — not to raise the debt ceiling. Privately, however, even some Biden aides recognize that the negotiations appear to be in part about the debt limit. Behind the scenes, negotiators are clear that any deal on the budget must resolve the debt ceiling deadline, as well. Democratic negotiators also acknowledge that they will have to agree to more spending cuts if they want to secure a longer extension of the debt ceiling — an implicit recognition that lawmakers are bartering over the full faith and credit of the U.S. government, an approach Biden has repeatedly disavowed.
“The issue here is principle: If you accept the idea that you can, in essence, be held to blackmail with the debt ceiling, it will be done again and again. Not to be crass, but it’s essentially negotiating with terrorists who have taken hostages,” said Dean Baker, a liberal economist at the Center for Economic Policy and Research, a left-leaning think tank. “More and more people in progressive circles are becoming concerned with it.”
Of course most of the mainstream media is reporting on all this as if it’s a typical negotiation over a political dispute, and failing to point out that Congressed raised the debt limit with no fuss when Trump was in the White House.
Jonathan Chait at New York Magazine: The Media Is Normalizing Debt-Ceiling Extortion. No, this isn’t how Congress always does it. It’s different and dangerous.
Ten years ago, when Barack Obama faced down an attempt by House Republicans to extract concessions in return for lifting the debt ceiling, he explained that he saw this tactic as inimical to functioning self-government. “If we continue to set a precedent in which a president … is in a situation in which each time the United States is called upon to pay its bills, the other party can simply sit there and say, ‘Well, we’re not going to … pay the bills unless you give us … what we want,’ that changes the constitutional structure of this government entirely,” he explained….
But as the new Republican-led House seeks to renew the effort to use the debt ceiling as a hostage, a revisionist interpretation has taken hold: This isn’t a new or dangerous tactic, it’s just how Congress operates.
At the Tea Table” (Konstantin Korovin, 1888)
“The House Republicans’ insistence on negotiations and compromise is not hostage taking. It is the ordinary stuff of politics,” claims law professor Michael McConnell. “A standalone clean debt ceiling is dead on arrival … In modern times, the debt ceiling is raised with negotiations,” asserts Punchbowl’s Jake Sherman.
Friday Reads: Yet Again! It was Collusion!
Posted: April 16, 2021 Filed under: Afternoon Reads | Tags: Gym Jordan, January 6 Capitol insurrection, mass shooting, Republican hearing insanity, Republican obstruction, Russian Collusion, Yet again 12 CommentsGood Afternoon Sky Dancers!
I’m feeling old! I was doing my lecture on Options Trading and Strategies when I learned my young, most promising, bright student had never heard of a ticker tape machine. This young man trades continually so that kind’ve blew me away. He’d never heard of tickertape parades either. So, I had to show him the old ticker tape machines invented by Edison for Western Union that I thought were at the heart of every discussion of Black Friday, 1929 and then through a few ticker tape parades for a side discussion. We used digital and internet Bloomberg Displays during my first work years. You know, those green and black multipixel screens plugged into a phone line.
I had to say, yes, that when my Uncle charted a stock back in the day he had to go through all the tape and find each tick or open and close. He did it all by hand on these huge sheets of paper on either a ping pong table or a pool table. They were all over the walls of his basement rec room too. I actually could search for that with a command on the Bloomberg terminal. Now, you just go to Yahoo Finance and can pull whatever off with a few selected search parameters and enter. Plus, you don’t have to pay an exorbitant amount of money for access and the equipment. My Uncle Jock actually had a seat on the NYSE by his lonesome to get that access. My mother’s sister obviously married well.

Kazimir Malevich TWO PEASANT WOMEN, 1928–1930
I also am old enough to remember when no US candidate for President colluded with the Russians. Candidates generally tried to look as tough on the USSR or Russia as possible. But then, we got the previous guy and it was so obvious it was with Russian help. Now we got the receipts.
This is from the NYT: “Biden Administration Says Russian Intelligence Obtained Trump Campaign Data. A Treasury Department document shed more light on links between the campaign and Russian spies.”
The Biden administration revealed on Thursday that a business associate of Trump campaign officials in 2016 provided campaign polling data to Russian intelligence services, the strongest evidence to date that Russian spies had penetrated the inner workings of the Trump campaign.
The revelation, made public in a Treasury Department document announcing new sanctions against Russia, established for the first time that private meetings and communications between the campaign officials, Paul Manafort and Rick Gates, and their business associate were a direct pipeline from the campaign to Russian spies at a time when the Kremlin was engaged in a covert effort to sabotage the 2016 presidential election.
Previous government investigations have identified the Trump aides’ associate, Konstantin V. Kilimnik, as a Russian intelligence operative, and Mr. Manafort’s decision to provide him with internal polling data was one of the mysteries that the special counsel, Robert S. Mueller III, sought to unravel during his two-year investigation into Russia’s election meddling.
“During the 2016 U.S. presidential election campaign, Kilimnik provided the Russian Intelligence Services with sensitive information on polling and campaign strategy,” the Treasury Department said in a news release. “Additionally, Kilimnik sought to promote the narrative that Ukraine, not Russia, had interfered in the 2016 U.S. presidential election.”
You can watch Rachel Maddow explain it all here:
Can we just agree that an entire section of the American populace appears to be captured by a huge right wing propaganda machine that includes all kinds of malcontents and evil-doers? Now, can we find some strategy to undo this please? We hear nothing about this at the propaganda site “The Federalist” but there’s a huge screaming headline about the same study that showed that there was not enough hard evidence to show Russians pais bounties to the Taliban even though there was ample evidence they were helping them in their fight against the US in Afghanistan.
What do these people hate so much about our democracy that they want to tank it? And no, I’m not talking about the Russians. We know why on that account. My only guess is that a lot of wipopo are afraid of POC that they will do anything to stop from the potential of being treated like we treat minorities and women in this country historically.
Biden did drop a lot of sanctions on Russia yesterday but Axios explains why: “Biden’s Russian sanctions likely to achieve little.”
Despite bold talk from top administration officials, there’s little reason to think the Russia sanctions package President Biden announced Thursday will do anything to alter Russian President Vladimir Putin’s behavior or calculus.
Why it matters: While it’s true some elements of the package — namely, the targeting of Russia’s sovereign debt — represent significant punitive measures against Moscow, it leaves plenty of wiggle room for the Russian president.
- White House press secretary Jen Psaki defended the action, telling reporters: “We can’t predict what the impact will be, but we still believe that when there’s unacceptable behavior, we should put consequences in place.”
Between the lines: Former Secretary of State Rex Tillerson, who had known and dealt with Putin for years while running Exxon Mobil, used to tell colleagues sanctions did little if anything to deter the Russian leader.
- It’s hard to argue against Tillerson’s case.
- The U.S. and its international allies have imposed some form of sanctions against Russia every year since 2014, when Putin’s “little green men” first appeared in Ukraine.
- Since then, Russia has continued to occupy Crimea and eastern Ukraine; propped up the brutal Assad regime in Syria; hacked U.S. and other Western elections; crushed protests at home; and attempted to assassinate dissidents on foreign soil, among other things.
Yes, but: Where Thursday’s sanctions do break new ground is in the cyber realm.
- The U.S. government formally accused Russia’s Foreign Intelligence Service of the SolarWinds hack and identified its collaborators in painstaking detail, as German security expert Thomas Rid notes in an illuminating Twitter thread.
- And a ban on U.S. banks directly buying Russian government bonds could create a “broader chilling effect” that will weaken the ruble and have negative implications for inflation and economic growth, a senior administration official told reporters.
- But the ability for investors to continue buying Russian bonds on the secondary market diminishes the overall effect of the restrictions — reflecting Biden’s desire to send a clear message to the Russians without taking it too far.

Wassily Kandinsky, Painting with white lines, 1913.
Frank Thorp V–NBC News–has an incredible piece up about “After the Riot. It’s been 100 days since the attack on the Capitol, and those who were inside still struggle with their memories.” I can only imagine. I was traumatized enough watching it on TV from my bedroom. These are some stories from people who lived it.
When a mob attacked the U.S. Capitol on Jan. 6, the world watched as the rioters entered the building, breaking windows and pushing through barriers. But it was more than just physical space that was violated. The seat of government was occupied by hundreds of lawmakers and their aides, building staff members, and journalists.
Some inside tried to flee. Some tried to barricade themselves in offices. Others inside swung into action. Journalists mobilized to document the attack in real time. The Capitol Police tried to protect the people inside.
The mob tried to stop the certification of the election of Joe Biden because they believed the false claims of then-President Donald Trump that rampant fraud had stolen victory from him. Many who experienced that fury say they continue to process the trauma of the day. And all want the events to be remembered as a lesson for Americans, and the world.
“I hope people will remember, with some solemnity, the fragility of democracy,” said Rep. Jamie Raskin, D-Md. “It’s a hard-won gift we’ve been given and it can slip away real quickly. So I hope people remember the precariousness of it all.”

Valentin Serov, Portrait of Maria Zetlin, 1910
The founding member of The Oath Keepers is about to plea guilty for his role (via WAPO)
We still feel like we’re in a becoming state and that we’re back on the right path. However, these last 5 or so years are likely to scar many of us for life. The unfolding numbers of young black men shot by police officers is a daily lesson. A 13 Chicago boy follows orders and is still shot dead. We just woke up to another mess shooting. This time it was in Indianapolis at a Fed Ex facility. There are 8 fatalities . Unlike the previous guy, our President is going to make a statement shortly and has already reached out to Fed Ex.
Vice President Kamala Harris said Friday there’s “no question” that gun violence must be stopped.
“Yet again we have families in our country who are grieving because of the loss of their family members” to gun violence, Harris said. “There is no question that this violence must end and we are thinking of the families that lost their loved ones.”

Natalia Goncharova, Espagnole, circa 1916.
“Yet again” sums ups so much of this. Yet again, the Republicans want to downsize spending that would actually help the US economy, US businesses, and US families. Again, Republican Senators attack terrifically qualified women of color in their hearings on their way to high government posts. Yet again, the Republicans are looking to another demagogue for help with white hegemony. This time it is failed Florida Governor and mass Covid-19 Murderer Ron DeSantis. Politico‘s article sent shivers down my spine. “‘A nicer version of Trump’: GOP donors flock to DeSantis. The Florida governor has cultivated relationships with many of the party’s biggest givers, who admire his opposition to strict Covid mitigation policies. One more sociopath spreading hatred and lies across the country. A nicer version of a sociopath is still a sociopath.
Donor interest in the governor extends far beyond Florida. Andy Sabin, a New York-based precious metal company executive, said he expects to host a pair of fundraisers later this year bolstering the governor’s reelection effort. Dallas businessperson Doug Deason anticipates holding a pre-summer event. Don Tapia, who served as ambassador to Jamaica during the Trump administration, is planning on hosting a fundraiser at his Arizona home.
Like others, Tapia praised DeSantis for his handling of the pandemic and what he described as the governor’s independent style.
DeSantis “has a major political future in the Republican Party,” said Tapia, a retired electrical company executive who’s given extensively to GOP causes for several decades. Tapia wouldn’t say DeSantis was his first choice among potential 2024 candidates but called him a “strong candidate I would truly look at.”
The enthusiasm was on full display during DeSantis’ appearance at last weekend’s Republican National Committee donor gala in Palm Beach, Fla., where he drew wild applause for declaring the party needed figures who withstood public pressure and weren’t afraid to confront what he called the “elite, New York corporate media.”
The governor was mobbed over the course of the weekend. Joanne Zervos, a New York City donor who spoke with DeSantis during the conference, said many contributors saw him as “a nicer version of Trump,” someone who had embraced the former president’s policies but lacked his rough edges. Zervos said she was drawn to the governor because of his approach to dealing with the coronavirus.

Untitled, Lyubov Sergeyevna Popova circa 1915
Again, what on earth reality are they dealing with? DeSantis has basically created a state of plague rats ready to travel around the country making every one sick? My two favorite Republican idiots these week are the dummies who questioned Kristen Clarke about a satirical piece she wrote at Harvard when she was 19 literally taking it literally.
Republicans also criticized Clarke over an editorial she wrote as a student at Harvard University in 1994 that sought to rebut claims made in “The Bell Curve” that tied intelligence to race. In the piece, Clarke recited research by some Black scholars that suggested Blacks are intellectually superior, a point she reiterated Wednesday was intended to be “satirical.”
Yet again, John Cornyn couldn’t stop embarrassing himself. (Via the Mary Sue)
Kristen Clarke is President Joe Biden’s nominee to lead the Department of Justice’s Civil Rights Division, and if confirmed, she would be the first Black woman or woman of color to lead the division since its creation more than 50 years ago. So naturally, some Republicans have big problems with her.
During Wednesday’s confirmation hearing with the Senate Judiciary Committee, Texas’ John Cornyn wanted to talk with Clarke about an article she wrote when she was a student at Harvard. Cornyn was very concerned because in this piece, Clarke listed a number of ways in which Black people are genetically superior to whites. Concerning, no??
No, it’s not. Because the piece, as Clarke explained patiently to him, was satire.
Yet again, Auntie Maxine had to draw the gavel down on ranting Gym Jordan during a hearing with Dr. Fauci. Even Dr. Fauci– unleashed–told him to stop ranting in a Congressional hearing. CNN reports: “Maxine Waters tells Jim Jordan to ‘shut your mouth’ after GOP congressman feuds with Fauci.”
Republican Rep. Jim Jordan and the nation’s top infectious disease expert Dr. Anthony Fauci got into a heated exchange Thursday over the country’s Covid-19 mitigation measures, which ended with Democratic Rep. Maxine Waters telling Jordan to “shut your mouth.”
During a House subcommittee hearing about federal government’s response to the pandemic, Jordan, an Ohio conservative, asked Fauci when the nation can begin relaxing physical distancing measures and mask-wearing — posing it as a question as to when Americans will regain their freedom and liberties
Fauci, the director of the National Institute of Allergy and Infectious Diseases, started to respond that the time will be when the United States has more Americans vaccinated and has a level of coronavirus infection that is low enough that it’s “no longer a threat.”
“We had 15 days of ‘slow the spread’ turn into one year of lost liberty,” Jordan said. “What metrics, what measures, what has to happen before Americans get more freedoms back?”
“You’re indicating liberty and freedom. I look at it as a public health measure to prevent people from dying and going to the hospital,” Fauci countered. “This will end, for sure, when we get the level of infection very low. It is now at such a high level, there is a threat again of major surges.”
You can watch the calm Dr Fauci take on crazy ass Gym who is more concerned about getting people to fill up churches than having people fill up morgues and IC wards.
So that’s enough for me! For sure!!
Yet again, What’s on your reading and blogging list today?
Saturday Open Thread
Posted: October 27, 2018 Filed under: morning reads | Tags: mass shooting, open thread 25 CommentsGood Afternoon
As has often happened lately, I just don’t know where to begin. I’m late with this because I’ve just spend hours dealing with a family situation that ate up my whole morning and into this afternoon.
As soon as I started look around at today’s news, I saw that there has been another mass shooting–this time at a synagogue in Pittsburg. As of now, MSNBC is reporting that there are 8-10 deaths, but CNN just said there are only 4 confirmed deaths and 12 people shot.
CBS Pittsburgh: 8 Dead, Several Others Shot At Pittsburgh Synagogue.
KDKA’s Meghan Schiller reports that a suspect, a heavy-set white male with a beard, has surrendered. The SWAT team had been talking with the suspect, and he was crawling and injured. It is unclear the extent of his injuries.
KDKA sources confirm to Andy Sheehan that the suspect is 48-year-old Robert Bowers. It is believed that he acted alone.
Police are also investigating if he announced his intentions on Twitter this morning. That account has since been taken down.
Pittsburgh Police spokesman Chris Togneri confirmed that the suspect was in custody and three police officers had been shot. He also confirmed multiple causalities, but did not divulge exactly how many.
Police sources tell KDKA’s Andy Sheehan the gunman walked into the building and yelled, “All Jews must die.” Sheehan’s sources confirmed that eight people were dead. Others had been shot, but the extent of their injuries in unknown at this time.
Trump spoke about the shooting as he departed for another of his Hitler rallies. He didn’t say anything helpful; his main message was that if there had been security inside the temple (I guess he means guns) this wouldn’t have happened.
Press conference now on CNN: The scene inside is very bad. There are multiple fatalities. The injured are being transported to trauma facilities. There will be another press conference at 4PM with government officials and first responders. This is being considered a federal crime and the FBI is leading the investigation.
I’m going to put this post up now, and I’ll had some links to other stories with as soon as it goes up.
The Intercept: Here Is a List of Far-Right Attackers Trump Inspired. Cesar Sayoc Wasn’t the First — and Won’t Be the Last.
Rick Wilson: Of Course Donald Trump Inspired Cesar Sayoc’s Alleged Terrorism.
Jonathan Chait: Trump’s Party Is the Petri Dish for Diseased Minds That Grew Cesar Sayoc.
LA Times: In a week of domestic terrorism, a commander in chief mostly missing in action.
The Atlantic: Trump’s Incoherent Rally in Charlotte.
NYT: Trump, at Charlotte Rally, Tries to Rebuild Political ‘Momentum’ by Reviving Old Attacks
Take care of yourselves today. I love you all.













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