1. #5011
    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill

    Apparently the Republicans Love to Spend Tax Payers Dollars.
    "Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s got it back to a trillion

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    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill

    The Bureau of Ocean Management (BOEM) will review two proposals for wind-energy projects off the coast of New Jersey, the Interior Department announced Tuesday.

    Atlantic Shores Offshore Wind LLC submitted the proposals, both of which would be located about 9 miles offshore. The first is projected to have a capacity of 1,510 megawatts. A 30-day comment period will begin once the notice of intent for the projects' Environmental Impact Statements are published in the Federal Register Thursday.

    "The Interior Department is moving rapidly to develop a clean energy future with good-paying union jobs. Offshore wind holds enormous potential for our nation, and the wind resources offshore New Jersey are no exception," Interior Secretary Deb Haaland said in a statement Tuesday. "As we kick off this process, the Department will continue to do our part to ensure the development of our offshore renewable energy resources is done responsibly and sustainably."

    The announcement comes just under two months after the BOEM announced a separate review of a project that, upon approval, would be the first off the coast of North Carolina. The project, submitted by Kitty Hawk Wind LLC, would comprise up to 69 turbine generators.



    New Jersey has set a goal of 7.5 gigawatts of offshore wind power generation by 2035, while the Biden administration has established its own target of 30 gigawatts by 2030. The White House has set a broader goal of reducing carbon emissions 45 percent by the same year.

    Meanwhile, the administration has also sought to incentivize renewable energy through proposals such as a Clean Electricity Performance Program (CEPP), which would create financial incentives for electric utilities that transition to renewable sources.

  3. #5013
    Aging Tech 5,000+ Posts
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by bsm2 View Post
    Apparently the Republicans Love to Spend Tax Payers Dollars.
    "Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trumpís got it back to a trillion

    It's mainly because the Reps try to convince the people that "trickle down economics" actually works. Lol!!
    In fact all it does is allow for bigger bonuses

  4. #5014
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by copier addict View Post
    It's mainly because the Reps try to convince the people that "trickle down economics" actually works. Lol!!
    In fact all it does is allow for bigger bonuses

    You're a follower. Plain and simple. I told you that you can't handle the truth. Stay on the front porch..it's not safe for you out here in the real world. Chump.


    The Census Bureau just released stunning statistics about the economic well-being of Americans in 2019. Minority groups benefited greatly from the remarkable labor market under Trump that preceded the coronavirus epidemic.

    Unemployment rates for Blacks hovered for months at or near historic lows. Workers with less than a high school diploma and criminal records left the sidelines of the workforce.
    Before the coronavirus, the labor force participation rates of Blacks, prime-age workers 25 to 54, and women ticked up from Obama-era lows. Even years into the Obama economic recovery, these workers were still leaving the labor force.


    High employment under Trump led to minorities experiencing the largest income gains. Real median income grew by 7.9% for Blacks in 2019. That outpaced 2018ís income growth of 2.6% and 2017ís income decline of -2.4%. Notably, Black median income growth last year surpassed income growth rates under the Obama administration. Thereís still more work to do though. Although Black median income hit a new high, Blacks earned the lowest income level of all groups (just over $45,000 a year).


    Policing the USA:Economic struggles worsened under COVID-19 already existed under mass incarceration


    Income gains for Blacks translated into real economic mobility. Not only did the poverty rate for Blacks fall to an all time record low in 2019, but it also dipped below 20% for the first time. At the other end of the economic scale, more Black households earned six-figure incomes than the year before.

    Embrace the process, not the outcome.

  5. #5015
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by BillyCarpenter View Post
    You're a follower. Plain and simple. I told you that you can't handle the truth. Stay on the front porch..it's not safe for you out here in the real world. Chump.

    Hahahaha. Are you one of those that believe trickle down economics works? I'm so sorry. When you discover the truth it is going to really hit you hard.

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    Re: The Shining City Upon a Hill

    Quote Originally Posted by copier addict View Post
    Hahahaha. Are you one of those that believe trickle down economics works? I'm so sorry. When you discover the truth it is going to really hit you hard.
    Oh yeah. It's so lovely here under Biden. It's been nothing but smooth sailing.
    Embrace the process, not the outcome.

  7. #5017
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by BillyCarpenter View Post
    Oh yeah. It's so lovely here under Biden. It's been nothing but smooth sailing.
    Hahaha. You are delusional. It's been a shit show. But at least Biden is implementing programs intended to help regular people and not just the wealthy

  8. #5018
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by bsm2 View Post
    The Bureau of Ocean Management (BOEM) will review two proposals for wind-energy projects off the coast of New Jersey, the Interior Department announced Tuesday.

    Atlantic Shores Offshore Wind LLC submitted the proposals, both of which would be located about 9 miles offshore. The first is projected to have a capacity of 1,510 megawatts. A 30-day comment period will begin once the notice of intent for the projects' Environmental Impact Statements are published in the Federal Register Thursday.

    "The Interior Department is moving rapidly to develop a clean energy future with good-paying union jobs. Offshore wind holds enormous potential for our nation, and the wind resources offshore New Jersey are no exception," Interior Secretary Deb Haaland said in a statement Tuesday. "As we kick off this process, the Department will continue to do our part to ensure the development of our offshore renewable energy resources is done responsibly and sustainably."

    The announcement comes just under two months after the BOEM announced a separate review of a project that, upon approval, would be the first off the coast of North Carolina. The project, submitted by Kitty Hawk Wind LLC, would comprise up to 69 turbine generators.



    New Jersey has set a goal of 7.5 gigawatts of offshore wind power generation by 2035, while the Biden administration has established its own target of 30 gigawatts by 2030. The White House has set a broader goal of reducing carbon emissions 45 percent by the same year.

    Meanwhile, the administration has also sought to incentivize renewable energy through proposals such as a Clean Electricity Performance Program (CEPP), which would create financial incentives for electric utilities that transition to renewable sources.
    ... with natural gas prices expected to skyrocket 180% this winter, America needs these wind farms like yesterday to produce abundant low cost electricity to heat millions of homes.

  9. #5019
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    Re: The Shining City Upon a Hill

    Joe Biden could be tempted to reach for the platinum coin


    On Monday night -- and with a Thursday deadline to fund the government bearing down -- Senate Republicans blocked a bill that would have suspended the United States' debt limit. The move puts the country at risk of default, thereby potentially tanking the economy and delaying payments to millions.

    This at the same time President Biden and Democrats are advancing a make-or-break effort to pass a multi-trillion-dollar, 10-year economic and climate package.

    Debt limit negotiations continue -- but Biden does have an ace in the hole if Congress doesn't suspend the debt limit.


    Due to a technicality in the law, the Treasury Department can print a platinum coin and assign a huge value to it -- say, $1 trillion -- and sell it to the Federal Reserve Board. This would get around the need to borrow.

    Such a move would be ridiculous, of course, but the whole standoff on the debt is ridiculous. If Senate Minority Leader Mitch McConnell and the Republicans insist on pushing it, Biden could well decide to get out the platinum coin.

    In the United States, Congress authorizes spending and sets taxing levels, and then separately sets a limit on how much the country can borrow. The debt limit we are about to hit was due to actions of both parties. Much of the recent increase in the debt was incurred by pandemic spending that had overwhelming bipartisan support. But the new spending under President Biden is only a small part of this story.

    The tax cuts pushed through earlier by former President Donald Trump and a Republican Congress also played a large role.

    Congress has regularly raised the debt limit to allow the Treasury to borrow the money needed to pay our bills, but once again the Treasury is hitting the limits of authorized borrowing. There is some uncertainty about when this will happen, mainly because of the irregularity of tax collections, but the department predicts that it will be some time in mid-October.

    If the debt limit is not increased by then, the government will be unable to borrow to cover its normal expenses, including Social Security payments, salaries for government workers and interest payments on the debt.

    The debt limit is not a sacred principle in the Constitution. It is simply a quirk in the law that was put in place in 1917 to facilitate borrowing to pay for World War I. It is absurd that it now leads to these high-tension showdowns.

    If the debt ceiling/continuing resolution bill is not approved, much of the government will have to shut down on Friday. This will include national parks and museums, the Social Security Administration, which processes new benefit claims, and much of the rest of the government. Essential services will be maintained, but close to 60% of the federal workforce may not be working on Friday.

    A shutdown would be a major problem for the country. Even a short shutdown will cause major obstacles for an economy already struggling to overcome pandemic-related shortages.

    But as bad as a shutdown will be, failing to increase the debt ceiling will be even worse. It means the government will not be able to pay its bills, including pay for soldiers, Social Security checks and interest on government bonds.

    This is a game of chicken.

    Mitch McConnell wants the Biden administration to pay a big price to get him on board on increasing the debt ceiling. We have been in this situation before.

    In 2011, McConnell forced President Barack Obama to accept large cuts to the federal budget. These cuts both crippled several important government agencies, such as the Environmental Protection Agency, the National Park Service and the Justice Department, and slowed the pace of the recovery.

    Which brings us back to that platinum coin. Pulling that out of his back pocket may not be an ideal outcome for Biden, but it is better than letting tens of millions of people go without Social Security or paychecks, and it's also better than agreeing to wreck the economy to get Republican support for allowing the government to work.




  10. #5020
    Retired 10,000+ Posts slimslob's Avatar
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    Re: The Shining City Upon a Hill

    While American workers are being forced to get vaccinated or loose their jobs members of Congress are making a killing the stock market investing in the drug companies making them.
    10 Most Popular Stocks Owned by Congress in 2021

    Here's what Congress is currently invested in:
    Organization Total Investors Minimum Investment Maximum Investment
    Apple Inc 79 $9,654,688 $38,853,590
    Microsoft Corp 66 $6,777,342 $23,462,249
    Bank of America 59 $2,146,215 $5,659,133
    Walt Disney Co 52 $2,124,962 $8,104,907
    AT&T Inc 49 $1,222,407 $2,821,355
    *Pfizer Inc 47 $2,630,444 $8,206,395
    *Johnson & Johnson 47 $2,545,111 $4,688,062
    General Electric 47 $647,604 $1,390,563
    Exxon Mobil 45 $6,688,238 $23,178,183
    Alphabet Inc 45 $2,656,348 $6,543,273

    Please Wait... | Cloudflare

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