We need to end the damned filibuster. And we need to stop pretending that a 50/50 division in a body that was designed to over-represent land at the expense of people reflects a divided US electorate.
Fact: The Senate, by design only represents 98.7% of the American electorate (because it excludes DC and the territories, which are represented in the House)
For comparison, WY, VT, AK, ND and SD represent fewer Americans than live in DC and the territories. And they get 10 votes (10% of the total!)
Fact: the smallest 25 states account for less than 16% of the total US population. And yet budget reconciliation, which can be passed with "only" 51 Senators is criticized as a parliamentary trick.
Fact: 50% of the US population lives in just 9 states: CA, TX, FL, NY, PA, IL ,OH, GA and NC. They only get 18 votes in the Senate
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It's critically needed and the Senate must act now to get these resources into our economy to help struggling families and businesses, accelerate vaccine roll-out and safely reopen our schools.
A few important things:
1/ The single biggest line item in the bill is for direct, $1400 checks to people earning $75,000 or less ($150,000 for couples). $1400 per earner and each of their dependents.
2/ (If you earn more than these levels the amount of the payment scales down to zero at $100K/$200K), to ensure this is targeted to the neediest.)
OK, so this gets me a little verklempt. Herewith a true story about two of the most special moments in the 116th Congress - the first Congress for me and my friend @SpanbergerVA07. Sharing because it's a nice story and we need more nice stories. Thread:
1/ So one of the weirder things about this job is that all votes "feel" the same. Lots of debate, drama, press before & after (some) votes, but the process of pressing yay or nay is the same on a post office renaming as it is on a $5T appropriation.
2/ Intuitively, of course we know some are more meaningful. But the feedback is usually delayed. My first experience of anything different was the vote on the #EqualityAct in the 116th.
Hey #energytwitter! Been a while since I rapped at ya. How about a thread on how the securitization of undepreciated coal plant capital can accelerate the greening of the electric grid? (Honestly, if that doesn't keep you to keep reading, I can't help you.) Here we go:
2. To understand why this is necessary, you need to understand that under the traditional regulated utility construct, a utility invests capital in exchange for a guaranteed rate of return, earned through kWh sales.
Since you'll need a 2/3 majority, I'd encourage you not to skip over the bits about a "well regulated militia" and "bear arms" and ask why our founders chose that specific language. Then read Justice Stevens: law.cornell.edu/supct/html/07-…
You'll also want to consider why our founders chose the language in the final 2A while expressly rejecting this proposal from Pennsylvania:
And you'll want to examine why the Virginia proposal, which formed the basis of the final text initially included a religious exemption for "bearing arms", since our founders understood that term to be compulsory rather than voluntary.
For those wondering what the causes are of Texas blackouts, @JesseJenkins is doing a really good real time analysis of generator capacity and operation. (Short story: we have a natural gas problem in TX). A few additional thoughts to add:
1/ As Jesse notes, natural gas is somewhat unique in that it is both a power plant fuel and a home heating fuel. When cold weather comes, regulators bias in favor of heating rather than power generation.
2/ New England - a region that is both cold and has long been more reliant than others on natural gas for power generation - has had to grapple with this for a long time.
I've been having a lot of conversations about deficits, fiscal and monetary policy right now & frustrated with how many basic facts about our economy are misrepresented. So for Valentines Day, a #nerdthread on our national finances. Hope you enjoy:
1/ First, prior to COVID, the biggest ever emergency funding program in our history was the American Recovery and Reinvestment Act, passed in response to the 2008 crisis. Just shy of $700B in emergency funding.
2/ (In 2008 $. I leave to other nerdier nerds to adjust these numbers for inflation.)