Cigar Weekly

BigO · 09-14-2017, 01:42 PM

As part of the $1.2T omnibus spending plan. Still has to pass the Senate. Good news!

gumby · 09-14-2017, 07:31 PM

Wow, Ryan actually got something done.

SLR · 09-18-2017, 01:33 PM

Rob G · 09-20-2017, 08:12 AM

This is obviously good news. But I'm not counting my chickens before they hatch. Once the senate passes it and Trump signs it, then I will start celebrating.

BigO · 09-21-2017, 10:59 AM

The bad news is that it is attached to a record breaking budget and a lot more debt just as the Fed is trying to reduce their holdings of government bonds, which is the primary way the government borrows money. That means there have to be tax increases or more money printed, further reducing it's value through inflation.

It's not a wise position to be in, but it will be politically popular until a bubble bursts and a deflationary period is called for, but unaffordable given all of the borrowing in the last recession. The only way to counter inflation is to. Raise interest rates and the government is in so much debt, that would make interest payments the single largest line item in the budget.

Yeah, it's a victory for the cigar community, but it isn't much good for the nation at large.

Rob G · 09-21-2017, 11:34 AM

Quote:

Originally Posted by BigO

Yeah, it's a victory for the cigar community, but it isn't much good for the nation at large.

I hardly see how exempting Cigars from the control of the FDA is detrimental to the nation at large.

09-14-2017, 01:42 PM	#1
BigO Publisher/Owner El Chefé BBQ Guru Herf God Join Date: Oct 2001 Location: Atlanta. Posts: 55,029	House approves exemption for premium cigars As part of the $1.2T omnibus spending plan. Still has to pass the Senate. Good news! __________________ Every time you think you've become too cynical, the world finds a way to teach you that the real problem is that you haven't become cynical enough Free speech is free speech is free speech. There is no qualifier. If you aren't outraged, you aren't paying attention. Never attribute malice to that what can be explained as stupidity. Unborn lives matter too.

09-14-2017, 07:31 PM	#2
gumby Contributing Editor MOM November 2012 Emeritus Honorary MOM November 2021 Herf God Join Date: Sep 2000 Location: Republic of Texas Posts: 46,690	Wow, Ryan actually got something done. __________________ I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson

09-18-2017, 01:33 PM	#3
SLR Charter Member Moderator Herf God Join Date: Apr 2000 Location: OC/LA Area, CA USA Posts: 14,851	__________________ Isaiah 53 LGBFJB

09-20-2017, 08:12 AM	#4
Rob G Contributing Editor Herf God Join Date: Jul 2004 Location: Camillus, NY Posts: 16,050	This is obviously good news. But I'm not counting my chickens before they hatch. Once the senate passes it and Trump signs it, then I will start celebrating. __________________ Rob If people can tell me where to smoke, I can tell them where to go, too.

09-21-2017, 10:59 AM	#5
BigO Publisher/Owner El Chefé BBQ Guru Herf God Join Date: Oct 2001 Location: Atlanta. Posts: 55,029	The bad news is that it is attached to a record breaking budget and a lot more debt just as the Fed is trying to reduce their holdings of government bonds, which is the primary way the government borrows money. That means there have to be tax increases or more money printed, further reducing it's value through inflation. It's not a wise position to be in, but it will be politically popular until a bubble bursts and a deflationary period is called for, but unaffordable given all of the borrowing in the last recession. The only way to counter inflation is to. Raise interest rates and the government is in so much debt, that would make interest payments the single largest line item in the budget. Yeah, it's a victory for the cigar community, but it isn't much good for the nation at large. __________________ Every time you think you've become too cynical, the world finds a way to teach you that the real problem is that you haven't become cynical enough Free speech is free speech is free speech. There is no qualifier. If you aren't outraged, you aren't paying attention. Never attribute malice to that what can be explained as stupidity. Unborn lives matter too.

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