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Senate Budget Committee Chairman Bernie Sanders

Journal by DeathMonkey

The Senate Budget Committee's new chair is an unabashed progressive and self-described democratic socialist prepared to be as "aggressive" as he possibly can with budget tactics to help Democrats and President-elect Joe Biden enact their sweeping agenda.

Under a narrow Democratic majority in the Senate, Bernie Sanders will oversee budget and spending work, including the procedural power of budget reconciliation the majority can use to evade the filibuster and pass massive bills without a single Republican vote.

‘Aggressive’: Bernie Sanders on his big plans as Budget chair

 

Reply to: Re:I know the plan

    (Score: 2) by DeathMonkey on Thursday January 21 2021, @04:20PM

    by DeathMonkey (1380) on Thursday January 21 2021, @04:20PM (#1103381)

    The Fed can only lower the index interest rate, which they have done.

    if you get a low interest credit card did you just print money?

    Now, personally, I agree that they should have been raising interest rates while the economy was good under Obama/Trump to make savings a reasonable place to invest money.

    Right now though, with unemployment worse than the great depression those low interest credit cards are paying people's bills and jacking up the interest would put them in a hole they can't dig out from.

    So yes, there is room for criticizing the Fed but we should base that argument on reality, not false soundbites.

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