Things we already know about the next financial crisis

Treasury Secretary Steven Mnuchin on Friday issued a warning Friday that the US government is at risk of running out of cash sooner than expected. In a letter to Democratic House Speaker Nancy Pelosi, Mnuchin wrote that the US might default on its obligations as soon as early September, before Congress returns from its summer recess. The US Treasury, which is facing a growing deficit thanks to President Donald Trump's 2017 tax cuts, had said it had enough cash to last until the fall.
Here are some things we already know about the looming Trump recession. 1) It will be caused by greedy poor people who have the audacity to be poor while expecting government services. 2) Another culprit will be fat cat teachers and teacher unions. Also Mexicans,liberals, Iran, and the fake media. 3) More and bigger tax cuts will get us out of it because when corporations and rich people get tax cuts they reinvest that money in creating jobs. 4) We'll need to socialize bank losses because socialism is good for that and that alone. 5) To do so, we'll have to "tighen our belts" (around our necks) and get rid of wasteful government spending on Social Security. 6) Democrats will compromise with Republicans on this for of trickle down stimulus rather than risk being viewed as partisan.

DL Open Thread: Sun., July 14, 2019

Domestic Terrorism. What the Trump Administration is inflicting on migrant families. Did Bill Barr Kill DOJ Investigation Into Trump Organization? Rhetorical question. A criminal aiding a criminal enterprise. What was…

DL Open Thread: Sat., July 13, 2019

Maryland Suing Company That Ran Group Homes In Delaware. 'Dickensian conditions' alleged. Anyone here know anything about the facilities that AdvoServ, now Bellwether, ran, or still runs? Facebook Fine A…

News That’s Not About Trump

Hard as it is to tell by our bozo-besotted media, the Persimmon Peril is not involved in everything happening on Earth. Here are stories that were eclipsed by Trump's giant…

Highlands Bunker – E23 – The Devil’s in the Details

Dustyn Thompson of Delaware United joins RE Vanella in the bunker to talk about the work he's been doing down at Legislative Hall and how the 2019 legislative session fared for issues like marijuana legalization and criminal justice reform. Show Notes:
 
 
 
 
 

Sanders has all the right enemies

No matter what you think about Sanders, you have to love his "anti-endorsements" page which catalogs and collects denunciations of Sanders from billionaire ghouls and their enablers.