Republicans and the debt ceiling

[Anonymous]

Why are these 20 so eager to screw around with that debt ceiling and possibly cause us to default.

[Anonymous]

Because they don't give a rat's ass about a well-functioning government or helping the people of the United States. They want to burn it all down.

[Anonymous]

They'll blame Biden for it as well as the shutdown in October

[Anonymous]

The Republican House has no ability to pass anything of significance that would also pass the Senate and be signed by the President. All of their power is obstruction, so they will hold any must-pass legislation hostage, but they won’t agree among themselves on what to demand as ransom.

[Anonymous]

They want the chaos. It benefits their funders.

[Anonymous]

Just a reminder that defaulting on debt does not “save taxpayers $$.” This is money already spent.

[Anonymous]

There is literally nothing the GOP does that "saves taxpayers money"

Not a single thing.

[Anonymous]

Anonymous wrote:Just a reminder that defaulting on debt does not “save taxpayers $$.” This is money already spent.

There is no defaulting being discussed. What would happen is the Treasury would not be allowed to borrow beyond a certain limit, so some spending would have to be withheld.
There would be an issue of having to pay debt that rolls over, and then they are not allowed to borrow again to make those payments.

[Anonymous]

The Republicans have been hellbent on destroying the Federal government since Reagan. None of this should be a surprise. They’ve been working hard to destroy USPS and the FAA to “privatize” it. Now both are barely functioning. They have their sights focused on Social Security now. They won’t be happy until grandma is eating cat food.

They will blow up the debt ceiling process. The GOP doesn’t want a working/functioning government.

[Anonymous]

Anonymous wrote:Why are these 20 so eager to screw around with that debt ceiling and possibly cause us to default.

Because they are stupid and delusional.

[Anonymous]

Here we go, folks.

“The Treasury Department on Friday said that it will begin “extraordinary measures” next week to prevent the United States government from defaulting on its payment obligations, as lawmakers in Washington prepare for a potentially devastating fiscal showdown.
In a letter to congressional officials, Treasury Secretary Janet L. Yellen said the administration would on Jan. 19 begin repurposing federal funds to extend the date by which the government will run out of money. Congress must pass a law raising the debt limit from its current total of $31.4 trillion or the Treasury can’t borrow any more, even to pay for spending lawmakers have already authorized.”
https://www.washingtonpost.com/us-policy/2023/01/13/debt-limit-extraordinary-measures-treasury/

[Anonymous]

Anonymous wrote:Here we go, folks.

“The Treasury Department on Friday said that it will begin “extraordinary measures” next week to prevent the United States government from defaulting on its payment obligations, as lawmakers in Washington prepare for a potentially devastating fiscal showdown.
In a letter to congressional officials, Treasury Secretary Janet L. Yellen said the administration would on Jan. 19 begin repurposing federal funds to extend the date by which the government will run out of money. Congress must pass a law raising the debt limit from its current total of $31.4 trillion or the Treasury can’t borrow any more, even to pay for spending lawmakers have already authorized.”
https://www.washingtonpost.com/us-policy/2023/01/13/debt-limit-extraordinary-measures-treasury/

This will be a spectacle for the world to witness.

I had really hoped that it wouldn’t come up so soon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just a reminder that defaulting on debt does not “save taxpayers $$.” This is money already spent.

There is no defaulting being discussed. What would happen is the Treasury would not be allowed to borrow beyond a certain limit, so some spending would have to be withheld.
There would be an issue of having to pay debt that rolls over, and then they are not allowed to borrow again to make those payments.

You have no idea what you are talking about.

[Anonymous]

This exercise will cost taxpayers billions and billions by driving up the interest rates on federal debt.

It is literally the stupidest thing in the world but the R’s think they can hold a gun to our heads and get their way on things.

[Anonymous]

DOJ needs to declare the debt limit unconstitutional and move on.