SB 109-07: Andrew Jackson Memorial Bank-Killing Act (Veto Overridden)

[S019]

This is one of the dumbest bills you can pass with the current inflation issues.

[S019]

With respect to S019 it's not as if the economy wouldn't realistically be bleeding out of several orifices at the point where this bill begins inconveniencing the Federal Reserve. Their current powers wouldn't do much if that actually were to happen.

That doesn’t not make it a dumb bill. Creditors have every right to charge high interest on risky loans, since those loans may not be repaid. This is just finding a solution to a non-existent problem. Quite disingenuous to see this from the party that claims to support small government and free enterprise, what happened to conservative values?

[S019]

With respect to S019 it's not as if the economy wouldn't realistically be bleeding out of several orifices at the point where this bill begins inconveniencing the Federal Reserve. Their current powers wouldn't do much if that actually were to happen.

That doesn’t not make it a dumb bill. Creditors have every right to charge high interest on risky loans, since those loans may not be repaid. This is just finding a solution to a non-existent problem. Quite disingenuous to see this from the party that claims to support small government and free enterprise, what happened to conservative values?

Are you saying you aren't a great, grand hero of the people's and worker's revolution?

I am an economic liberal, always have been. I’ve never thought much of socialist ideas though I am somewhat sympathetic to the reforms to socialist ideas undertaken by figures such as Gerhard Schroder in the late 1990s and early 2000s.

[S019]

I am leaning against this bill.

This is a Regional rights bill. This merely restores to the regions decisions over usury laws. No one region is required to do anything.

The regions should not have control over monetary policy.

[S019]

I hope the Senate chooses to reject this attempt at kneecapping the Fed and depriving creditors of appropriate compensation for the risky loans that they give out.