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@newsopinionsandviews@masto.ai

That's not how the works.

For to float debt that he doesn't have the authority to issue would be to create debt instruments that could not legally be enforced or collected on later.

That proposal gets the mechanism of US public debt exactly backwards.

Or to put it a different way, the debt ceiling is enforced by the Constitutional grant of authority to the Legislative Branch. The Executive can have no say in enforcing that since it's not his to enforce.

@undergrowthfeed@achrilock.social

Ha, yes, I don't really expect to ever see much non-poop on these platforms :)

Just everyone trading some ideas, not coming to agree on anything, but at least it's good to see that other ideas do exist, IMO.

@undergrowthfeed@achrilock.social

The problem is that he so often fails even minor fact checking.

Years and years ago I think he was more of an analyst, but it seemed like over a decade or two he decided it was more important to push his political preferences than just educate the public. I wouldn't be surprised if he does it because he honestly thinks it's for the best, but I just don't think that is prosocial.

@AliceMarshall

There's always the other side of that coin: maybe we shouldn't be so quick to have Texas and Florida pushing food stamp policies for everyone else.

It's in part because of TX and FL that this funding is under threat right now.

@AliceMarshall

That's one really good argument for returning issues like food stamp funding back to state and local levels, where there's more direct accountability and better ability to be flexible, to address particular needs of different communities.

Folks in DC will never see those stores. But your local councilmember might be right there on the corner with them.

I know, I know, it's not like that change can be made overnight, but it's nice to imaging choosing that different road.

@ubergeek

On the competing part, I'd emphasize that we live in a real world of scarcity, so there absolutely is competition here.

There are limited numbers of processes that can run on our servers, there is competition for the electricity that powers them, and on over to the pure time commitments of sysadmins, moderators, and most importantly, users.

There is absolutely competition here. Heck, my writing this post is because this effort outcompeted my looking to do one of dozens of other things.

I think it's really worth acknowledging this.

@jaschop @dch

@ubergeek

Are you better off feeling good or not feeling good, even considering your investment in the service?

Sounds to me you came out better having done that, which is exactly a functional definition of profit, with your benefit outweighing the cost.

Your benefit in terms of feeling good - whatever resources you've put into doing it = profit

Congrats! It is exactly how profit drives Fediverse, right there in your own experience.

Your investment in the service is simply the capitalistic pursuit where resources are brought to bear to address some win-win enterprise.

@ubergeek

So why do you personally provide that service? Maybe you feel good being part of the community?

There is something you are getting out of providing that service, that's your profit.

Like I said, doesn't have to be money.

@ubergeek

OF COURSE server ops are trying to turn a profit. Remember, there's more to advantage than cold hard cash.

This is a great example of what I said above.

The person operating a server does so because they feel like they're better off doing it than not doing it, in whatever way the individual happens to judge that. Maybe they appreciate the community they're creating. Maybe they feel good having contributed to the world.

That is all profit. The server runner invests resources in his server because he judges that he's better off in the end.

And as we enjoy those servers too, that capitalistic drive is the core of what has made this work.

No capitalism, no instances.

@stanstallman

Ha, pretty good examples.
People enjoy drama, team association, and other places where politics has some similarities to those.

@stanstallman

I really think the public would remain quite interested in elections regardless of PACs.

@YourNeighbor57

No, that's not how either the legislative function or the executive branch works.

The Treasury brings in money throughout the fiscal year, and it spends money throughout the fiscal year.

Appropriations and borrowing authority are two separate processes because they address different part of Treasury operations.

So firstly that debt has not already occurred. That's an executive branch function, distinct from the legislative branch. Congress doesn't technically require funding; it doesn't have such authority. Wrong of the coequal branchs.

But more importantly, as head of the executive branch, Biden is largely responsible for setting up this position.

@shades

Reading the legislation, I don't see why there would be no opportunity for appeal.

The bill seems to go out of its way to make sure an accused election official gets to give their side of the story, and removal wouldn't be legal or valid without a record of there being a problem.

It sounds to me like a reasonable way to address a complicated issue.

legiscan.com/TX/text/SB1933/id

@MarvinFreeman

Well, the numbers suggest an unsustainable trajectory as the Treasury looks to borrow more and more, with requires more and more sacrifices from other government programs to service those increasing debts as they come due.

And that's not even touching on specific issues like the Social Security Administration's yearly forecast of insolvency.

I wouldn't accuse Graves of being particularly bright, but he does reflect the longterm trendlines with this one.

Far too few people are seeing this side of the story.

And politicians are being let off the hook as they are pointing fingers at others for the choices they themselves made.

@YourNeighbor57

Of course Biden has threatened to default. And his treasury secretary has as well. On a daily basis, it has seemed, for months now.

I'm glad he seems to be walking those threats back a bit this week, but we wouldn't be talking about default now without Biden having put that on the table. Unconstitutionally, I might add.

The legislative branch declined to provide funding for these expenditures, and that was their choice. Had they wanted to see the spending happen then they should have offered the funding along with their appropriations. They didn't.

So no, the president doesn't have the authority to override that legislative choice, especially after he signed the legislation himself. That would be flat out clearly illegal for him to violate the law like that.

@rdfranke

Well, he was just going through the ceremony, saying the thing that a person is expected to say, for the formality.

It's simply empty rhetoric.

@gwfoto@newsie.social

Meh, it would have no chance of passing, so it's just political rhetoric. We need to keep that in context.

If it was serious legislation that would be different, and it would be reigned in to go through the actual legislative process.

But this will simply be a gimmick for both sides to manipulate their own choirs.

@ubergeek I think you misunderstand capitalism.

The entire core of capitalism is going beyond zero-sum games. Capitalism emphasizes mutual benefit over winners and losers.

If I make a trade with you, why would you accept it if it left you a loser? Why would I offer if it left me a loser? The only way any trade happens is due to mutual benefit, us both becoming better as a result.

We should be open to capitalism engaging in this community specifically because it would serve our interests... or else those associations wouldn't happen anyway, so it's moot.

And just remember, every single instance is running on a server that required investment. is pretty much at the core of , and we are experiencing that benefit first hand.

@Evoterra

I hate the term toot as being both way too silly AND evocative of for some reason.

I use the terminology of posting content.

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