Social Kevin McCarthy ousted; Mike Johnson becomes US House speaker

Joe said:
lets decrease government revenue to offset increased spending still making sense to republicans

Click to expand...


He is doing nothing more than base-signaling to people who dont understand Governmental economics...or really any economics. And he's a rabid corporatist. Guys like this think defunding the Governmental revenue organization and then later blaming lack of Government revenue as a sign that Government is dysfunctional is a good way to do things.
 
AWilder said:
speaker of the house has nothing to report on his financial disclosure forms...

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https://www.thedailybeast.com/does-...utm_source=twitter_owned_tdb&via=twitter_page

Does New Speaker of the House Mike Johnson Have a Bank Account?
Speaker Mike Johnson has never listed a bank account on his financial disclosure. In fact, on his newest disclosure he doesn’t list a single asset at all.
Newly elected Speaker of the House Mike Johnson (R-LA) does not have a bank account.

At least, that’s what Johnson reports on years of personal financial disclosures, which date back to 2016 and reveal a financial life that, in the context of his role as a congressman and now speaker, appears extraordinarily precarious.

Over the course of seven years, Johnson has never reported a checking or savings account in his name, nor in the name of his wife or any of his children, disclosures show. In fact, he doesn’t appear to have money stashed in any investments, with his latest filing—covering 2022—showing no assets whatsoever.

Of course, it’s unlikely Johnson doesn’t actually have a bank account. What’s more likely is Johnson lives paycheck to paycheck—so much so that he doesn’t have enough money in his bank account to trigger the checking account disclosure rules for members of Congress.


House Ethics Committee filing guidelines state that members must disclose bank accounts they have at every financial institution, as long as the account holds at least $1,000 and the combined value of all accounts—including those belonging to their spouse and dependent children—exceeds $5,000.

The rules cover all “interest-bearing, cash-deposit accounts at banks, credit unions, and savings and loan associations,” including checking, savings, and money market accounts, along with certificates of deposit and individual retirement funds, or IRAs. (Johnson reported receiving a $10,485.53 distribution from a New York Life IRA in 2017, his first year in office, possibly from a retirement account he had listed the previous year.)

It’s certainly not uncommon for Americans to have less than $5,000 in their bank account. Most Americans—57 percent—couldn’t handle an unexpected $1,000 expense, according to a report earlier this year. And the median amount that Americans keep in their bank account is $5,300. But Johnson’s household income puts him in the top 12 percent of earners in the United States. And it’s extraordinarily rare for members of Congress to not list a qualifying bank account—let alone zero assets whatsoever.

The Daily Beast reached out to Johnson’s office for comment but did not receive a reply.

Brett Kappel, a government ethics expert at Harmon Curran, told The Daily Beast it would be “very unusual for a Member not to have to disclose at least one bank account.”

Jordan Libowitz, communications director for watchdog group Citizens for Responsibility and Ethics in Washington, offered a more blunt assessment, saying that if Johnson truly doesn’t have any assets, it “raises questions about his personal financial wellbeing.”

"It’s strange to see Speaker Johnson disclose no assets,” Libowitz told The Daily Beast. “He made over $200,000 last year, and his wife took home salary from two employers as well, so why isn’t there a bank account or any form of savings listed?”

Johnson has also carried debts over for several years, which Libowitz said would sharpen the question.

“He owes hundreds of thousands of dollars between a mortgage, personal loan, and home equity line of credit, so where did that money go?” Libowitz said. “If he truly has no bank account and no assets, it raises questions about his personal financial wellbeing.”

click link for full article
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Hookers and blow every weekend confirmed.
 
Sinister said:
He is doing nothing more than base-signaling to people who dont understand Governmental economics...or really any economics. And he's a rabid corporatist. Guys like this think defunding the Governmental revenue organization and then later blaming lack of Government revenue as a sign that Government is dysfunctional is a good way to do things.
Click to expand...
The most basic of concepts escapes republicans
 
HOLA said:
The more biographical details that come out about this weirdo, the creepier he gets.
Click to expand...
He’s really a lizard alien or something. They say there is an alien race amongst us that looks exactly like us that is in control of us.

There is no need for a bank account, follow the money…
 
syct23 said:
He’s really a lizard alien or something. They say there is an alien race amongst us that looks exactly like us that is in control of us.

There is no need for a bank account, follow the money…
Click to expand...

Yeah I have a strong suspicion this whole not having a bank account thing is going to turn out to be way bigger than it sounds. Money is an important issue here. Kevin McCarthy might be a gutless turd but he's the single-most effective fundraiser for Republicans and they kneecapped him publicly. Now they gave leadership to a guy that had something like $83k in his campaign fund, compared to millions McCarthy has lol

But it raises a huge question on what's going on with his funding.
 
AWilder said:
speaker of the house has nothing to report on his financial disclosure forms...

giphy.gif


https://www.thedailybeast.com/does-...utm_source=twitter_owned_tdb&via=twitter_page

Does New Speaker of the House Mike Johnson Have a Bank Account?
Speaker Mike Johnson has never listed a bank account on his financial disclosure. In fact, on his newest disclosure he doesn’t list a single asset at all.
Newly elected Speaker of the House Mike Johnson (R-LA) does not have a bank account.

At least, that’s what Johnson reports on years of personal financial disclosures, which date back to 2016 and reveal a financial life that, in the context of his role as a congressman and now speaker, appears extraordinarily precarious.

Over the course of seven years, Johnson has never reported a checking or savings account in his name, nor in the name of his wife or any of his children, disclosures show. In fact, he doesn’t appear to have money stashed in any investments, with his latest filing—covering 2022—showing no assets whatsoever.

Of course, it’s unlikely Johnson doesn’t actually have a bank account. What’s more likely is Johnson lives paycheck to paycheck—so much so that he doesn’t have enough money in his bank account to trigger the checking account disclosure rules for members of Congress.


House Ethics Committee filing guidelines state that members must disclose bank accounts they have at every financial institution, as long as the account holds at least $1,000 and the combined value of all accounts—including those belonging to their spouse and dependent children—exceeds $5,000.

The rules cover all “interest-bearing, cash-deposit accounts at banks, credit unions, and savings and loan associations,” including checking, savings, and money market accounts, along with certificates of deposit and individual retirement funds, or IRAs. (Johnson reported receiving a $10,485.53 distribution from a New York Life IRA in 2017, his first year in office, possibly from a retirement account he had listed the previous year.)

It’s certainly not uncommon for Americans to have less than $5,000 in their bank account. Most Americans—57 percent—couldn’t handle an unexpected $1,000 expense, according to a report earlier this year. And the median amount that Americans keep in their bank account is $5,300. But Johnson’s household income puts him in the top 12 percent of earners in the United States. And it’s extraordinarily rare for members of Congress to not list a qualifying bank account—let alone zero assets whatsoever.

The Daily Beast reached out to Johnson’s office for comment but did not receive a reply.

Brett Kappel, a government ethics expert at Harmon Curran, told The Daily Beast it would be “very unusual for a Member not to have to disclose at least one bank account.”

Jordan Libowitz, communications director for watchdog group Citizens for Responsibility and Ethics in Washington, offered a more blunt assessment, saying that if Johnson truly doesn’t have any assets, it “raises questions about his personal financial wellbeing.”

"It’s strange to see Speaker Johnson disclose no assets,” Libowitz told The Daily Beast. “He made over $200,000 last year, and his wife took home salary from two employers as well, so why isn’t there a bank account or any form of savings listed?”

Johnson has also carried debts over for several years, which Libowitz said would sharpen the question.

“He owes hundreds of thousands of dollars between a mortgage, personal loan, and home equity line of credit, so where did that money go?” Libowitz said. “If he truly has no bank account and no assets, it raises questions about his personal financial wellbeing.”

click link for full article
Click to expand...

Hmm, I wonder why he’d want to hide his money.
I sense an indictment in his future.

And how did he get a mortgage or personal loan without a bank account?
 
Joe said:
lets decrease government revenue to offset increased spending still making sense to republicans

Click to expand...

But it plays so well to the Rubes when you say it on Fox or Newsmax.
Let me put it in terms the Rubes will understand.
You have a Trump NFT salesman that you pay 100k a year. You get rid of the guy to save 100k but he brought in 150k in sales. Sure your saving 100k but you also lost 50k
 
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