Monday, October 19, 2020

Nancy Pelosi Tells White House: 'You Have Until Tuesday'

House Speaker Nancy Pelosi

Will there be another giant money pump shortly?

We will know soon enough.

House Speaker Nancy Pelosi set a Tuesday deadline to reach a deal with the White House on another multi-trillion fiscal stimulus deal before the Nov. 3 election.

At issue is wording “on the design on some of these things” that remain unresolved in the bill, Pelosi said on ABC’s “This Week.”

“Are we going with it, or not? And what is the language?” she said. “The 48 [hour deadline] only relates to if we want to get it done before the election, which we do.”

 Pelosi says she favors a $2.2 trillion plan.

Of course, the federal government doesn't have $2.2 trillion, which means the Federal Reserve will launch a grand new money pump and monetize the debt the Treasury will have to issue, if a deal is reached.

Meanwhile, the president told reporters in Reno, Nevada, on Sunday, “I want at a bigger number” than Pelosi. “That doesn’t mean all the Republicans agree with me but I think they will in the end.”

The current D.C. government from Congress to the White House to the Fed is really operating a de facto MMT mad money print.

This will not end well.

-RW

2 comments:

  1. We have to pass it till we see what's in it. Right Nancy? Worked so well the first time, can't miss the second time. My coleman tent and dogs will camping outside your compound soon.Promise me you'll throw me some scraps cause you'll have food.

    ReplyDelete
  2. We have to pass it till we see what's in it. Right Nancy? Worked so well the first time, can't miss the second time. My coleman tent and dogs will camping outside your compound soon.Promise me you'll throw me some scraps cause you'll have food.

    ReplyDelete