- ….passed Trade Promotion Authority
- ….funded DAPA
- ….passed the Iran Deal.
- ….passed the Corker/Cardin amendment
- ….didn’t bother with a budget
- ….passed a $2+ trillion Omnibus spending package
Rat Fink Paul ‘Omnibus’ Ryan quickly scampers out of view after strategically timing the Puerto Rico Rescue bill to occur on a heavy news days containing White House endorsement and presidential election politics.
Let there be no doubt the “rescue bill” vote was timed via scheduling coordination with Obama (heavily supports) and Pelosi (also heavily supports). The bill passed today by a vote of 297-127 and now heads to the Senate where Lisa ‘I-lost-my-primary-but-used-write-in-votes-to-return‘ Murkowski, will be sure to fast track the Senate approval.
Meanwhile the insufferable MSM will avoid all mention that the construct of the Rescue Authorization itself puts Bain Capital (Mitt Romney) bond holders at the top of the repayment and bailout benefactor list…. I digress. This crony capitalistic schtick is blood boiling.
You can read the details of the “Rescue Bill’s” passage here. However, let me put a little depth behind the motivations therein. Remember, Ryan is working specifically on a Wall Street Legislative agenda package. Ryan ONLY works on Wall Street legislative agenda items.
Subsequently, what Speaker Paul Ryan is setting up is a process, a system, where progressive states (Wisconsin is one of them), who have structural and deep financial deficits, will be bailed out by federal tax dollars.
It is not coincidental that Ryan’s Rescue Plan just happens to fall on the same day this report from Moody’s Rating Agency hits the financial newswires:
ILLINOIS – Moody’s Investors Service cut Illinois’ credit rating by one notch to Baa2 with a negative outlook on Wednesday, citing a political stalemate that has prevented the state from addressing its budget imbalance and big unfunded pension liability.
The downgrade to just two steps above the “junk” level affects about $26 billion of Illinois’ general obligation debt, as well as $2.75 billion of sales tax revenue bonds. –link–
Can you see where this Ryan “rescue scheme” approach is headed?
We are in full blown financial usurpation mode now. The GOPe and UniParty leadership are so exposed it’s ridiculous. The problem is no-one is paying much attention.
So two months ago we made contact with entities within the Puerto Rico financial community. Luckily we happened upon an individual who was meeting with representatives of the PR governors office for a late lunch. We politely asked if this person would inquire about the debt repayment (under the rescue guidelines) as they pertain to Bain Capital.
Two days later we received a return phone call affirming the question was asked, and the admission was made, that special provisions have been part of the long standing discussion to ensure Bain Captial was at the top of the list for bondholder reimbursement.
With that in mind, and with the Illinois financial crisis evident, now take a look at who is selling the final sets of possibly viable, yet soon to be insolvent, bonds in the state of Lincoln.
Will anyone care?
It’s $20 Trillion Now
PS: Hugh Hewitt endorses this.