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Topic: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes

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FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46116 on: July 01, 2025, 09:34:47 AM »
LINCOLN, Neb. (WOWT) - As the State of Nebraska moves into a new fiscal year Tuesday, a handful of new tax laws go into effect, along with some state salary increases and policy requirements.

Starting Tuesday, all public and private colleges and universities in Nebraska must report any funding — including contracts, gifts, grants, etc. — received from any “foreign adversaries.”

Nebraska Supreme Court justice salaries also increase to $228,431 annually as of Tuesday. State employee pay raises and added benefits also kick in on Tuesday, per the contract the state negotiated with NAPE.

On Tuesday, in accordance with a law passed last year, the state will begin imposing a 5% tax on gaming machines, unless they’re operated by a fraternal benefit society or veterans organization. Those funds must be used by the Charitable Gaming Division for enforcement as well as maintain its central server.

Also on Tuesday, the state law passed last year limiting how much cities can increase property taxes each year goes into effect and increases the amount of available relief via property tax credits from $750 million to $780 million.

Other tax credit changes going into effect Tuesday include:

The annual Nebraska Department of Revenue non-refundable tax credit limitation for charitable “pregnancy help” organzations shifts to $500,000. On July 1, 2026, and thereafter, it will increase to $1 million annually.
The limit for approved tax credits for eligible organizations supporting those with intellectual and developmental disabilities changes to $1 million. That limit is scheduled to increase to $1.5 million in July 2026 and $2 million in the state fiscal years thereafter.
The cap on state disbursements for the Caregiver Tax Credit will move to $1.5 million and remain in place for two years. In the fiscal years that follow, it’s scheduled to raise to $2.5 million.


_________________________________________________ _______________

not life changing for most - probably not a huge deal for a few state employees
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46117 on: July 01, 2025, 09:37:15 AM »
Currently, a lot of entities are structured so they have to put X% into Treasuries.  We could start seeing that change, pension funds, insurance companies, etc.  Then we'd start seeing other countries pulling out of Treasuries, China is leading the way now.  Then interest rates rise to try and attract more investment as the auctions go "silent".

This is already starting, but on the edges.  At some point, the interest demanded for what is viewed as "Grade B" bonds will be ... bad, which makes the cost of debt servicing ... really bad.  Now, the magical part of this is QE, the Fed can and will step in and buy Treasuries with .........  Fed money, which in effect has no limit.  They make money from nothing.  So, they become the primary holder of US debt, which of course is circular except on paper. 

This becomes so obvious investors can't ignore it.  Money starts fleeing the US, the dollar becomes far less usable overseas in the underground economies, and things spiral ... badly.  I don't know when this happens other than to note it is already starting to happen, some.  It'll get worse.  Inflation would spike to double digits, the Fed would raise interest rates along with the markets, I'm talking mortgage rates of 20-40% or more, so the economy basically fails at that point.

The government would have to repudiate the debt at some point, and issue "new Dollars" backed by .... something.  We'd be unable to borrow from anyone.  Maybe in time, things would recover, the country still has enormous productive capacity, but it would be horrific for most people.  I'd GUESS 20-30 years.

utee94

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46118 on: July 01, 2025, 09:39:38 AM »
Well the lenders can't ever collect by force......'the people' and a few countries.  If a country with any meaningful amount of our debt tried to do anything robust to collect, we'd just attack them.
Yeah no.  We're not going to attack Japan or China or the UK, who hold the largest individual shares of our foreign debt.  Any pressure and any resolutions would be economic, of course.



FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46119 on: July 01, 2025, 09:45:40 AM »
Iowa
Fireworks in Iowa on the Fourth of July: A new fireworks law, Senate File 303, prevents cities and counties in Iowa from prohibiting or limiting fireworks use on July 3, 4, and December 31. State laws regulating the use of fireworks still apply, such as the ban on fireworks sales to minors and the use of “display” fireworks without local permission. However, further local restrictions can not occur during these three days


Gender identity protections: Reynolds signed Senate File 418 into law in February, removing gender identity as a protected class under the Iowa Civil Rights Act. The bill, the first measure signed from this session, removes protections against discrimination in employment, housing, public accommodations and education for transgender individuals on the basis of their gender identity. It also removes Iowans’ ability to change their sex as designated on their birth certificate after receiving gender-affirming medical treatment, and modifies definitions of “sex” and “gender” in Iowa law, and changes language in the law banning material related to gender identity for K-6 students to refer to “gender theory.”

Hands-free cellphones: Senate File 22, signed into law in April, bans the handheld use of cellphones and other electronic devices while driving when not in voice-activated or handsfree modes. The measure has been supported by law enforcement officials and families of people involved in car accidents that said the state’s current distracted driving laws do not allow for effective enforcement. Warnings will begin for violations of the law July 1, with penalties beginning Jan. 1, 2026.

Nursing home oversight: House File 309 changed a 2024 law that allows nursing homes to provide additional context and evidence before the Department of Inspections, Appeals and Licensing makes a decision to issue a citation when reviewing claims of substandard care and placing residents in immediate jeopardy of serious injury or death. Democrats brought forward multiple amendments to add other proposals they said would improve nursing home oversight in the state that were not granted subcommittee hearings that were not added to the bill.

Open beverage containers: House File 181, signed into law in March, extends Iowa’s ban on open containers of alcoholic beverages in the passenger compartments of vehicles to drinks containing tetrahydrocannabinol, or THC.


Workforce training contract requirements: Senate File 603 makes changes to the state Registered Apprenticeship Act, barring state agencies and local governments from mandating requirements related to apprenticeship training for contractors outside of legal requirements. Local entities would also not be allowed implement other “restrictions, qualifications, or requirements” on contractors, subcontractors, developers and apprentices.

Accreditation retaliation: House File 295 would bar national accrediting agencies from taking negative actions against state universities for complying with, or refusing to disobey, state law. If authorized by the attorney general, universities with cause would have the option to file a civil suit against the accreditor. It was signed by Reynolds May 6.

Cellphones in school: Reynolds signed House File 782 into law in April, a bill requiring public K-12 school districts set a policy on cell phones that, at minimum, bans their use during instructional periods beginning in the 2025-2026 school year. The measure contains exemptions, including for students who have an Individualized Education Program (IEP) or 504 plan that involves accommodations using a cellphone or other device. Parents can also ask school districts to allow their child keep access to their phone during class periods if they establish a “legitimate” reason related to the student’s mental or physical health.

Career education: Career planning is required for fifth- and sixth-grade curriculum alongside expanded career education in seventh and eighth grades under House File 316. The Iowa Department of Education is also required to develop a list of industry recognized credentials and create a seal for schools to put on student transcripts and other documents if they have earned a professional credential while in the K-12 school system.


Charter school boards: House File 785 would require all members of a charter school board to be U.S. residents, and that only one member of the board can live outside Iowa.

Concussion diagnoses: House File 471 would expand the definition of “licensed health care provider” who can direct a student to be removed from extracurriculars because they show signs of brain damage or concussions. The definition is expanded to include people with a doctorate in psychology who have specialty training in neuropsychology or concussion management.

Court-ordered college payments: Senate File 513 will bar courts from ordering parties involved in the dissolution of a marriage to pay a postsecondary education subsidy for dependents. Reynolds signed the legislation May 6.

National Guard financial aid: House Files 117 and 118, both signed by the governor in early May, expand National Guard scholarship programs, with HF 117 establishing a new program for non-traditional degree seekers and HF 118 making changes to the National Guard Service Scholarship program.


Threat assessment teams: Senate File 583 authorizes K-12 school districts, private schools and charter schools to create threat assessment teams consisting of school officials, law enforcement, mental health and social services workers. These teams, tasked with preventing school shootings and other violence, are allowed to share “reasonably necessary” information about students when their behavior could pose a safety risk to other students or school staff.

Tuition freeze: House File 440 would require state universities to study the impacts of keeping tuition for students at what they paid their first undergraduate year. Universities would also need to establish at least one three-year degree program and institute work plus programs, where students can work part time and have their tuition paid for by a qualified employer. Reynolds signed the legislation May 6.

Year-round academic calendar: House File 392 would allows school districts to apply to implement year-round school calendars for ninth through 12th grade.

Firearm age limits: House File 924 lowers the age limit for carrying a firearm from age 21 to 18, a measure lawmakers said was needed in response to court rulings that found state age limits for people over 18 were unconstitutional.

Drones: Senate File 491 further restricts remote-piloted aircrafts from flying over farmsteads in Iowa. The bill would prohibit drones, without landowner permission, to fly within 400 feet of farm animals, farm equipment or structures. Reynolds approved the bill May 6.

Natural disaster assistance: Senate File 619 retroactively appropriates $13.6 million from the Iowa Economic Emergency Fund for fiscal year 2025, backfilling the response efforts following severe flooding and tornados in the summer of 2024. A majority of the funding, $11.6 million, goes to the Disaster Recovery Housing Assistance Program and $2 million to the Nuisance Property and Abandoned Building Fund, in addition to extending tax exclusions for developers building new houses in disaster-impacted areas.

Other components of the bill include allowing the Iowa Department of Management access to 10% of the state’s Economic Emergency Fund when the governor issues a disaster proclamation and the creation of a new loan program for “ongoing risk mitigation” projects.

Roofs on docks: House File 710, signed into law May 6, allows hard dock roofs over boat slips and hoists on Iowa lakes. The law fixes an issue impacting dock owners in Carter Lake, which has shores in both Iowa and Nebraska.

Pharmacy Benefit Managers: Senate File 383 imposes restrictions and regulations on pharmacy benefit managers, or PBMs, that negotiate prescription drug prices between manufacturers, health insurance companies and pharmacies.

U.S. citizenship test: Iowa high schoolers will be required to pass the U.S. Citizenship and Immigration Services naturalization civics test to graduate beginning in the 2026-2027 school year under Senate File 369. The measure requires students to earn at least 60% to pass, with those who fail allowed to retake the test as many times as necessary to earn a passing grade.
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46120 on: July 01, 2025, 09:46:42 AM »
Yeah no.  We're not going to attack Japan or China or the UK, who hold the largest individual shares of our foreign debt.  Any pressure and any resolutions would be economic, of course.



yup, we'd simply default.  They'd have to attack the US to collect
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FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46121 on: July 01, 2025, 10:04:36 AM »
South Dakota
Improper governmental conduct: Senate Bill 62 establishes mandatory reporting requirements related to improper governmental conduct and crime, and Senate Bill 63 establishes protections for state employees who report improper governmental conduct and crime.

Sanctuary cities: Senate Bill 7, the first bill Gov. Rhoden signed after taking office, bans sanctuary cities in South Dakota and provides protections for law enforcement officers carrying out immigration enforcement actions.

Firearms on college campuses: Senate Bill 100 will allow college students to conceal carry firearms on campus if they have an enhanced permit.

Eminent Domain: House Bill 1052, which prohibits the use of eminent domain for CO2 pipelines, was signed by Gov. Rhoden back in March.
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utee94

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46122 on: July 01, 2025, 10:20:36 AM »
yup, we'd simply default.  They'd have to attack the US to collect
Which of course they wouldn't.  Any pressure and any resolutions would be economic, obviously.

medinabuckeye1

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46123 on: July 01, 2025, 10:27:16 AM »
yup, we'd simply default.  They'd have to attack the US to collect
We wouldn't really even default, we'd just print more money and pay off the debt with dollars that weren't worth much.  
Which of course they wouldn't.  Any pressure and any resolutions would be economic, obviously.
Exactly.  

Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46124 on: July 01, 2025, 10:28:23 AM »
CO2 pipelines?

FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46125 on: July 01, 2025, 10:31:40 AM »
gotta save the planet somehow
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

medinabuckeye1

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46126 on: July 01, 2025, 10:51:36 AM »
Our deficit is the equivalent of an 18 year old signing up for a credit card to get a free t-shirt and due to some error, put $50 million dollars on it.
There is no paying that off.
All you could do is have them declare bankruptcy and teach them how to use a credit card responsibly going forward (rarely and immediately paid).

Actually paying it off isn't a thing.
Federal Debt is bad, REALLY bad and I've commented a lot about that but it isn't anywhere near THIS bad for two reasons:
  • The Federal Government isn't paying anywhere close to CC Interest rates.  The current 20 year US Treasury rate is 4.793%.  Credit Card interest typically runs at least 12% and sometimes as high as 24%.  Not comparable at all.  
  • Federal Government Debt is about 120% of GDP.  In your analogy, the 18 year old's "GDP" would be his annual earnings so unless your 18 year old is earning $41.7M/yr, this isn't comparable.  


I think it is very useful to boil this down to terms that people can grasp because the numbers are so large that most people can't but I think it is important that the translation be done fairly.  

847badgerfan

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U RAH RAH! WIS CON SIN!

Cincydawg

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46128 on: July 01, 2025, 11:09:48 AM »
I know the figures, but I can't imagine how bad our deficit/debt problem is, really.  They are just numbers.  And when I look at the spending I realize how vast tracts of it can't be cut, and more tracts realistically won't be cut.

FearlessF

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Re: OT-Politics Thread: please TRY to keep it civil, you damned dirty apes
« Reply #46129 on: July 01, 2025, 11:48:44 AM »
CO2 pipelines?
A proposed carbon capture pipeline, spearheaded by Summit Carbon Solutions, is facing scrutiny in Iowa. The pipeline aims to transport captured carbon dioxide from ethanol plants to underground storage in North Dakota. While the Iowa Utilities Board approved the project with modifications, it faces challenges including eminent domain concerns, potential legislative changes, and legal battles
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

 

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