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November 01, 2017 05:38 AM UTC

Wednesday Open Thread

  • 20 Comments
  • by: Colorado Pols

“Stubborn and ardent clinging to one’s opinion is the best proof of stupidity.”

–Michel de Montaigne

Comments

20 thoughts on “Wednesday Open Thread

    1. Anyone have a clue how the government issues 3 passports to the same person?

      "Manafort, 68, had three passports and had submitted applications for 10 more over the last few years."

      1. I was wondering about that too. I thought they were like driver's license. Only one per person at a time.

        So in the age of fake news and fake facts this administration has people with fake identities. 

      2. There are apparently a few ways to get an extra passport issued legitimately by the US government:

        1) You travel to Israel and to other Middle Eastern countries, and you can't use your Israeli stamped passport in those countries. (Israel now offers to stamp a piece of paper to avoid this…)

        2) You need to have a passport while your first passport is off getting a visa approval for another country.

        Each of these is good for four years (formerly two). Getting three passports at once, and asking for 10 in a decade, is suspiciously abnormal.

        1. They used to do this with Cuba. You got a separate document that was not stamped in your US passport. My brother and his wife traveled there from Columbia when he was teaching at university there. 

      3. Maddow 'splains it: Manafort is a flight risk who uses multiple passports and aliases to conceal his traveling for his shady international business deals.

         

        So Manafort’s wearing an ankle bracelet. Not as great as an orange jumpsuit, but still….snerk.

  1. And then there was tax deform. Which was supposed to be wheeled out today.

    https://www.nytimes.com/2017/10/31/us/politics/trump-house-republicans-tax-cut-rollout-wednesday.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news&_r=0

    Except it isn't. Because the Republicans in Congress – unified like never before – can't agree on the terms of the bill.

    This has all the trappings of the Better Care Reform Act (or whatever they called it) heading for McCain's thumb down.

    1. It's probably best for the US economy and government deficit if the tax overhaul bill fails miserably. It's amazing just how quickly almost all of the deficit hawks have abandoned their demands for balanced budgets…

      1. I have a fixed rate mortgage. So, if we get a bunch of inflation, my house value will go up, while my payments stay the same.

        A wage-price spiral (i.e. Inflation) driven by an over-heated economy causes inflation which helps debtors and hurts lenders.

        On the other hand, wealthy people don't spend their money on stuff, they stack it up overseas, or launder it in expensive condos, neither of which actually heat up the economy. 

        And, since 1/3 of the stock market is foreign money, the tax breaks will result in a $750 billion outflow of money from the US.

         

  2. Hick announcing his 2020 run?

    PERA, the Colorado public retirement system, announced a plan earlier this year to request the legislature make changes to the system in order to make it more financially stable.  The PERA board's plan is to require workers to pay an additional 3% of salary into the plan, while also requiring employers to pay an additional 2%.  Along with this are some temporary freezes, and longer term cuts to retiree cost of living adjustments.

    Today, Hick unveiled his budget plan.  It was announced that he wants something a little different for PERA.  Only employees and retirees should pay more.  The employee contribution increase would be a bit smaller (2% instead of 3%) but start a year sooner, and retirees would lose another quarter point on their annual increase.

    As a governor notorious for not mixing himself up in legislation, this seems to be a pretty bold play.  Add that to the fact that this is a page straight out of centrist Dem politics 101— punch the left and nod to the right— it seems he must be running for something.  I can just see it now…"I made the tough choice to fix pensions for workers, and I did it without costing the taxpayers a penny."  Of course, he'll be in office well before we see if his plan works, but that's a thought for another day.

    PERA members, retirees — not Colorado taxpayers — should pay to fix pension, governor says in his $28.7B budget

    1. Figures. Somebody has to clean up Bennet's messes. And of course teachers and other public employees, who paid their own salaries into PERA for decades, don't get social security (because we get PERA), and were promised a defined benefit deal, are going to be the ones shafted.

      I know this has to be fixed. I know that I will have to pay extra. I fail to see why school districts, that are raking in cannabis dollars for infrastructure, paying millions of dollars to textbook and curriculum corporations for "silver bullet" programs, and beefing up their administrative and consultancy salaries, shouldn't help to fix it, too. Perhaps the esteemed Governor will enlighten us.

      Hick will try to make this look good. I wonder how many jobs he'll claim that he created as a result of cheating public employees out of their promised retirement savings?

      1. That’s why I didn’t specify which race.  To the extent this “works,” it does equally well for president or senator.  I think he wants to run for the top job, but it may be tough to get traction.

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