Morning Reads – Thursday, November 30, 2017

On this date in 1894, the Governor of Georgia during the Civil War passed away. Joseph Emerson Brown opposed nearly every Confederate policy.

Peaches

Jimmy Carter

Sweet Tea 

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Andrew C. Pope
Andrew C. Pope

The Donor Relief Act of 2017 (a.k.a. the Senate tax bill) made it out of committee and is headed to the floor for debate today. Just a reminder that the tax plan is projected to add $1.4 trillion to $1.5 trillion to the deficit over the next 10 years. Not only that, the House and Senate bills place constraints on local and state government spending on healthcare, education, public transportation, and social programs. But I thought Republicans cared about local control? Sorry kid, states rights only matter as long as David Perdue saves millions on his taxes. The tax bill… Read more »

Andrew C. Pope
Andrew C. Pope

As an addendum…

By 2027, people making $40,000 to $50,000 would pay a combined $5.3 billion more in taxes while those making $1 million or more would get a $5.8 billion dollar cut.”

Think about this the next time some rich goon like David Perdue or Donald Trump tries to say this is a massive handout for the super wealthy.

Dave Bearse
Dave Bearse

I say we use th borrowed money to award by lottery $1,000,000 tax free to 1,500,000 Americans. There’s more equity and policy in that than in this bill.

Andrew C. Pope
Andrew C. Pope

THIS IS WHY WE NEED TAX CUTS, PEOPLE!!

Won’t someone please think of the poor poor billionaires getting duped by fake wine?
“Koch admits there will be little sympathy for a wealthy person spending $50,000 to $100,000 for a fake bottle of wine, but he choked up as he described his distress at seeing the debasement of “the art, craftsmanship” of so many fine wines being faked.”

http://abcnews.go.com/Blotter/makes-billionaire-cry-bill-koch-duped-wine-fakes/story?id=24111774

Noway2016
Noway2016

http://www.cnn.com/2017/11/30/politics/al-franken-groping-allegation/index.html
A 5th accuser? Wow! One more and he’ll have his own women’s volleyball team. But he’s still hard at work…

Enjoy the Silence
Enjoy the Silence

I guess he has almost caught up to Roy Moore in number of accusers. Looks like sleaze has no politics.

blakeage80
blakeage80

I admittedly don’t know a whole lot about credit ratings, but it seems like Moody’s is putting cities and towns between a rock and a hard place. I get taking exposure to certain risks into account, but I am unclear from the article on what is changing. On one hand the article says if a town is building seawalls, that’s a warning sign. On the other it wants risk mitigated. Anybody out there to help explain this to a non-credit dude?

bethebalance
bethebalance

I didn’t look over any detail of their methodology, but it looks like the risk is going to be generally assumed for coastal communities, and scored, specifically, by measures of economic activity, properties, and mitigation/resiliency efforts. I.e., the “hard place”, which is the economic impact of climate changes, is a given.

MattMD_actual
MattMD_actual

“On this date in 1894, the Governor of Georgia during the Civil War was born.”

Or died as the case may be.

Andrew C. Pope
Andrew C. Pope

He “opposed nearly every Confederate policy” except for the big ones like, you know, the subjugation of an entire race of people. In fact, he was such a staunch believer in the oppression of blacks, the made a fortune (over $22 million in today’s dollars) on the backs of leased convict labor. Oh, and his turd sandwich of a kid was one of the ringleaders of the Leo Frank lynching.

Dave Bearse
Dave Bearse

The writings of Alexander Stephens, Confederate VP that detailed slavery as the cause for the Civil War, years after the war would be amusing were it not for their damage.

The presence of his statute in the nation’s Capitol building is indeed representative of Georgia for all the wrong reasons.

Jack Fitz
Jack Fitz

Rex Tillerson out.

Noway2016
Noway2016

Is that real yet, Jack, or speculation of future happening?

Jack Fitz
Jack Fitz

Real. Apparently moving Mike Pompeo over from CIA, and replacing Pompeo with Tom Cotton. While I think that fulfills Cotton’s dream, it certainly looks like Trump is going to create another opening in the Senate that not too long ago was held by Democrats. Maybe Blanche Lincoln sees a comeback?

Who knows, Arkansas is tough. But if Alabama is suddenly at risk, anything can happen. Just seems foolish to put another Senate seat at risk.

Noway2016
Noway2016

Where are you seeing this? I saw a NYT article that it was in the works but not now.

Noway2016
Noway2016

Cotton would be a dope to give up his seat…

ScottNAtlanta
ScottNAtlanta

source?

Jack Fitz
Jack Fitz

NYT that Noway was referring to as well. Said to be “within weeks”, and Asa Hutchinson names a replacement until a special election in 2018.

Ellynn
Ellynn

The original rumor was reported in early October by Jonathan Swan at Axios. The link below has the todays NYT rumor and the two Axios pieces relating to the story, including the move of Cotton to CIA.

Swan has a good average of be on target.

https://www.axios.com/tillerson-reportedly-will-be-replaced-by-pompeo-within-weeks-2513799828.html?utm_medium=linkshare&utm_campaign=organic

Andrew C. Pope
Andrew C. Pope

The NRSC is not going to be pleased.

Dave Bearse
Dave Bearse

Wow. But, hey it may be because his job is done. The State Department has been decimated with valuable experienced employees having been run off, clearing the way for “really smart and I know a lot of things” Trump and his boy blunders family members to have a free hand, with the aid of “civilian” military and ex-military in the WH.

Rex meanwhile can move on to turnaround something else, or simply cash in early ahead before the other quit..

Will Durant
Will Durant

Tillerson actually proved to be more diplomatic than I expected. But where a ton of diplomacy is needed he answers to a President who doesn’t possess an ounce.

Dave Bearse
Dave Bearse

The performance of the leader of a Department should primarily be judged on the performance of it his leadership.

That he personally tried hard doesn’t overcome what’s happened to the Department, particularly that what’s happened overall to the Department reflects the vision he had for it that didn’t come out as expected.

Andrew C. Pope
Andrew C. Pope

If this was any other administration, I’d say “this is too stupid to be true.” The fact this administration is staffed by absolute morons makes this story all the more believable. Tillerson may go down as the worst SecState of all time and he’s worked overtime to decimate State’s institutional knowledge and run off experienced members of the diplomatic corps. Despite this, he at least served as some kind of check on Trump’s vacuous attempts at foreign policy. Pompeo is going to come into the rubble of a weakened State Department and enable Trump’s more dangerous tendencies. Noway, for once,… Read more »

xdog
xdog

I thought Cotton wanted to be president.

Trey A.
Trey A.

“The dude deserves a roundhouse kick to the throat, not appointment to the head of the CIA.”

Don’t forget the letter to Iran.

Noway2016
Noway2016

Everybody get out the popcorn on this….
Drudge: “TODAY staff blast ‘smug’ Megyn…”
http://www.dailymail.co.uk/news/article-5132803/Today-staff-throw-shade-Megyn-Kelly-Lauer-firing.html

Noway2016
Noway2016

Well, hell…Gomer’s gone. I believe, other than Ron Howard, Thelma Lou is the last surviving adult. This sucks.
http://www.tmz.com/2017/11/30/jim-nabors-dead-dies/

Will Durant
Will Durant

Miss Ellie and Charlene Darling are still kicking.

Noway2016
Noway2016

You mean Miss Ellie from Dallas? I don’t remember one from Andy. You’re right, Charlene is still here. Ohhhhhhhhhhhh, Ellie Walker?! Druggist girl? Eleanor Donahue!!! Still here…

Will Durant
Will Durant

Miss Ellie as in Opie’s teacher/first crush/brief fling with Andy.

Actually seeing your edit you are correct she was a pharmacist but Opie still had a crush on her.

Ellynn
Ellynn
Noway2016
Noway2016

Damn, Jerry Rivers?? I mean Geraldo!! Say it ain’t so…
http://people.com/movies/bette-midler-accused-geraldo-rivera-of-groping-her-in-1991/

Will Durant
Will Durant

Yep, Jerry Rivers in fiction and the author of that “fiction” and ex-father-in-law Vonnegut described: “My daughter was briefly but regrettably married to Geraldo Rivera, a total and complete degenerate sleaze, but I don’t mean that politely.” He also stated in one of his letters that he was “fierce Democrat and closet Marxist” along with being a serial philanderer.

Noway2016
Noway2016

I kinda thought we could throw him in the Repub column, seeing as how he’s worked at Fox for so long…

Will Durant
Will Durant

Perhaps he had his own Damascus Road or more likely he is willing to spout anything for money like most Murdoch owned “journalists”. Uh, Al Capone’s “vault” anyone?

Keep in mind that the “ex-CIA agent” that appeared on Fox dozens of times as a talking head took advantage of the fact that the agency will never confirm or deny… But of course he was exposed as a complete fraud by some real ex-CIA agents including a former Assistant Director. Fox has hired gun entertainers, not that others don’t as well but please…

Noway2016
Noway2016

You know, go listen to my link regarding Rivera. Midler said he and a producer used two “poppers” on her – then groped her. Poppers?! Last generation’s version of a “date rape drug”?!?!!? Good Lord!! Is anybody but me raising tee-total hell about THAT?!?!

Noway2016
Noway2016

Don’t remember Rivera ever using a CIA angle to boost himself but I’m not surprised.

chefdavid
chefdavid

This don’t look so doom and gloom to me. All the demoncrat fear mongering. http://taxplancalculator.com/

Andrew C. Pope
Andrew C. Pope

What isn’t conveyed on that website: – Both proposals would cut $25 billion from Medicare annually. – Both proposals would cut Medicaid enrollment by 5 million. – The tax plan would take health insurance away from 13 million Americans by 2027. 4 million Americans would lose insurance by 2019. – The tax plan would also raise health insurance premiums by 10%. – Individual cuts expire at the end of 2025, but the change in the inflation measure used to adjust tax brackets is permanent. That means a massive tax increase for Americans not rich enough to own a bunch of… Read more »

Ellynn
Ellynn

I ran my numbers through the system. The House bill leaves me paying $29 more. The Senate bill. – I pay $314 more. I have a high itemized deductible of medical bills, mostly some expensive drugs and lab work I will lose. They will no longer be covered.

Andrew C. Pope
Andrew C. Pope

Also, the calculator reported that “you are not impacted by the elimination of state and local deductions.” I got the same result no matter where I listed my residency: Georgia, Florida, California, New York.

Seeing as eliminating the SALT deduction is a MAJOR part of the tax plan, seems like they should actually put that in the calculator. Without it, the numbers are, as the President would say, “fake news.”

Andrew C. Pope
Andrew C. Pope

Non-partisan JCT report on the Senate tax bill has been released…

Will add $1 TRILLION to the debt, even after accounting for economic growth.

David Perdue and his Louis Vuitton jean jacket are hereby banned from ever hand wringing over the national debt.

Andrew C. Pope
Andrew C. Pope

John Cornyn (who does not have a PhD in economics or a microsimulation model): thinks the JCT score is “clearly wrong” and that growth projections are too conservative. Again, Cornyn, a man who is not an economist, doubting the work of a team of some of the nation’s best economists because they revealed the hard truth about this tax bill.

Ellynn
Ellynn

If the Sectary of the Treasury was quoting figures from a report that did not even exist, what would the GOP do?

https://www.axios.com/steve-mnuchin-tax-plan-analysis-doesnt-exist-2513789546.html?utm_medium=linkshare&utm_campaign=organic

Andrew C. Pope
Andrew C. Pope

Asked whether Senators would know what’s in the bill before they vote: John Cornyn: “That’s a luxury we don’t have.” Asked whether Senators will let the public know what’s in the bill before they vote: Bob Corker: “I don’t want to state where we are or what we’re doing.” I mentioned this way back during the healthcare debate… If you’re scared to tell the American people what’s in the bill. That’s a pretty big indication that you’re crafting legislation that is going to wind up hurting them. Cornyn isn’t stupid. Hatch isn’t stupid. They know full well that this bill… Read more »

xdog
xdog

Cornyn’s whipping. That’s his job. Hewing to the norms of legislation isn’t the goal. The main task is to get a flag to wave in next year’s campaign.