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Uncle Joe

(64,738 posts)
30. sheshe..
Wed May 31, 2023, 09:51 PM
May 2023

if there is one thing the Republican Party worships, it's money and they're not going to totally trash their personal, family and community fortunes because there are insane maggots in their midst.

They Republican Party worked too hard in giving the mega-wealthy tax cuts when *rump was in power, they're not going to throw that away.

The stock market would absolutely tank and 89% of that is owned by the wealthiest 10%

The dollar would become all but worthless.



The wealthiest 10% of Americans own a record 89% of all U.S. stocks

The wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality.
The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
The bottom 90% of Americans held about 11% of stocks, and added $1.2 trillion in wealth during the Covid-19 pandemic.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html



Businesses would close, people would lose their jobs and real estate would fall as well.

There is no doubt they would go down in flames despite whatever safety mechanisms some of them have.

So I don't see any way, they would appeal what is a crystal clear statement of the 14th Amendment.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Yea, well, whatever... Chainfire May 2023 #1
That's true, Uncle Joe May 2023 #3
Ahhhhh FarPoint May 2023 #2
Come on, Bernie. Are you back to raging against the Democratic... brush May 2023 #4
So I Rebl2 Jun 2023 #32
Exactly. brush Jun 2023 #33
I just love it when someone... FalloutShelter May 2023 #5
Bernie knows best /sarcasm BootinUp May 2023 #6
The 14th is actually part of the Constitution, the debt limit is just a form of Uncle Joe May 2023 #7
I agree. FalloutShelter May 2023 #8
They are necessary to remind us that deals like this are the exception based on terrorists ColinC May 2023 #11
I believe that's true to some degree, Uncle Joe May 2023 #12
What Is This Goose-Cackle About His Conscience, Sir? The Magistrate May 2023 #9
Performative 'Purity' Malarkey. emulatorloo May 2023 #10
A man of lifelong principle. He never wavered regardless of politics. Peregrine Took May 2023 #13
... Uncle Joe May 2023 #17
As long as he doesn't block the Bill from being voted on, and it passes Freethinker65 May 2023 #14
IMO compromise is essential to a functioning democracy..... anciano May 2023 #15
IMO, extortion is not compromise, Uncle Joe May 2023 #16
White House: 14th Amendment won't solve current debt ceiling standoff sheshe2 May 2023 #18
One thing about that Uncle Joe May 2023 #20
They are cruel and want to destroy America. sheshe2 May 2023 #21
Agreed. President Biden knows what he's doing. anciano May 2023 #22
I agree and if they destroy the Constitution, they have. Uncle Joe May 2023 #23
So. sheshe2 May 2023 #24
From what I can tell Uncle Joe May 2023 #25
So, you have nothing to tell me...or perhaps you just did. sheshe2 May 2023 #27
Do you believe the Republicans in power would also get burned Uncle Joe May 2023 #28
Joe... sheshe2 May 2023 #29
sheshe.. Uncle Joe May 2023 #30
The vote in the House proves your point TiberiusB Jun 2023 #31
I don't think the USSC would rule against it. malthaussen Jun 2023 #35
We have a rogue court...so we can't be sure that if we use the 14th it will stand. I was right Demsrule86 Jun 2023 #38
From my post# 30 Uncle Joe Jun 2023 #40
It could allow our Republic to be destroyed and fascism imposed. We came damn close in the 30's to Demsrule86 Jun 2023 #43
I think what bernie is doing here is boosting the idea that our president has the authority needed questionseverything May 2023 #19
Senator Tim Kaine intends to introduce an amendment against the pipeline in his state Rhiannon12866 May 2023 #26
Might be a signal that this is already a done deal in the Senate. malthaussen Jun 2023 #34
I believe it was all kabuki theater from the get go Uncle Joe Jun 2023 #36
Yep, my feelings exactly. malthaussen Jun 2023 #37
There can be no amendments so it won't change...as you said Kabuki theater... Demsrule86 Jun 2023 #39
By design for the third time in 25 years. Uncle Joe Jun 2023 #41
For the Republicans that is certainly true...but Democrats know what breaching the deb ceiling Demsrule86 Jun 2023 #42
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