Republicans and the debt ceiling

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins. My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House. But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.

This WH say that there will be no negotiating or compromise.
That's a far cry from what Biden said back in 2011.

Republicans cannot threaten the debt ceiling and claim good faith. Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power. It is complete stupidity.

[Anonymous]

[Anonymous]

[Anonymous]

Might as well repeal the debt ceiling while they are at it.

[Anonymous]

Anonymous wrote:

Hanging him out to dry. McConnell knows this is going to go very badly for the GOP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Hanging him out to dry. McConnell knows this is going to go very badly for the GOP.

As it should. They EXPLICITLY ran on revenge and a platform of obstruction. They entered office with not an iota of good faith or intent to cooperate.

I'd replay those headlines and press clips over and over and over if I were Biden.

[Anonymous]

Even if McCarthy is hung out to dry, if he doesn't bring any bills, much less a clean one, to the floor, the debt ceiling will be breached.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins. My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House. But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.

This WH say that there will be no negotiating or compromise.
That's a far cry from what Biden said back in 2011.

Republicans cannot threaten the debt ceiling and claim good faith. Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power. It is complete stupidity.

Everything you said is false. You are talking about a default on the debt,
which is not what is at issue here. Instead it is about whether to borrow more money.
Borrowing more money can also lead to higher interest rates. Not borrowing money and paying off your debts leads to lower interest rates.
Ultimately, interest rates come from inflation, not the other way around.

[Anonymous]

Anonymous wrote:Even if McCarthy is hung out to dry, if he doesn't bring any bills, much less a clean one, to the floor, the debt ceiling will be breached.

Biden always has the option of getting the DoJ to draft a memo saying the debt ceiling is unconstitutional under the 14th amendment and then just ignoring it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins. My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House. But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.

This WH say that there will be no negotiating or compromise.
That's a far cry from what Biden said back in 2011.

Republicans cannot threaten the debt ceiling and claim good faith. Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power. It is complete stupidity.

Everything you said is false. You are talking about a default on the debt,
which is not what is at issue here. Instead it is about whether to borrow more money.
Borrowing more money can also lead to higher interest rates. Not borrowing money and paying off your debts leads to lower interest rates.
Ultimately, interest rates come from inflation, not the other way around.

The issue is about defaulting on the debt. Congress has passed laws requiring a certain level of spending and a certain level of taxes. Borrowing has to make up the difference. If the US cannot borrow more to make up the difference, it will default.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins. My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House. But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.

This WH say that there will be no negotiating or compromise.
That's a far cry from what Biden said back in 2011.

Republicans cannot threaten the debt ceiling and claim good faith. Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power. It is complete stupidity.

Everything you said is false. You are talking about a default on the debt,
which is not what is at issue here. Instead it is about whether to borrow more money.
Borrowing more money can also lead to higher interest rates. Not borrowing money and paying off your debts leads to lower interest rates.
Ultimately, interest rates come from inflation, not the other way around.

interest rates for sovereign debt are based on default risk. If you want to see high interest rates, look at what happens to countries post-default

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins. My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House. But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.

This WH say that there will be no negotiating or compromise.
That's a far cry from what Biden said back in 2011.

Republicans cannot threaten the debt ceiling and claim good faith. Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power. It is complete stupidity.

Everything you said is false. You are talking about a default on the debt,
which is not what is at issue here. Instead it is about whether to borrow more money.
Borrowing more money can also lead to higher interest rates. Not borrowing money and paying off your debts leads to lower interest rates.
Ultimately, interest rates come from inflation, not the other way around.

Actually, yes that is what is at issue here. Do we pay the bills run up be the past 250 years of government administration, and particularly the SEVEN TRILLION amassed by the Trump Administration and the GOP when it controlled the House and Senate and passed an unfunded tax cut?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins. My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House. But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.

This WH say that there will be no negotiating or compromise.
That's a far cry from what Biden said back in 2011.

Republicans cannot threaten the debt ceiling and claim good faith. Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power. It is complete stupidity.

Everything you said is false. You are talking about a default on the debt,
which is not what is at issue here. Instead it is about whether to borrow more money.
Borrowing more money can also lead to higher interest rates. Not borrowing money and paying off your debts leads to lower interest rates.
Ultimately, interest rates come from inflation, not the other way around.

Actually, yes that is what is at issue here. Do we pay the bills run up be the past 250 years of government administration, and particularly the SEVEN TRILLION amassed by the Trump Administration and the GOP when it controlled the House and Senate and passed an unfunded tax cut?

All of these budget issues SHOULD HAVE HAPPENED DURING BUDGET NEGOTIATIONS! Now is not the time. Focus on the next budget instead, dummies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins. My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House. But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.

This WH say that there will be no negotiating or compromise.
That's a far cry from what Biden said back in 2011.

Republicans cannot threaten the debt ceiling and claim good faith. Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power. It is complete stupidity.

Everything you said is false. You are talking about a default on the debt,
which is not what is at issue here. Instead it is about whether to borrow more money.
Borrowing more money can also lead to higher interest rates. Not borrowing money and paying off your debts leads to lower interest rates.
Ultimately, interest rates come from inflation, not the other way around.

Actually, yes that is what is at issue here. Do we pay the bills run up be the past 250 years of government administration, and particularly the SEVEN TRILLION amassed by the Trump Administration and the GOP when it controlled the House and Senate and passed an unfunded tax cut?

All of these budget issues SHOULD HAVE HAPPENED DURING BUDGET NEGOTIATIONS! Now is not the time. Focus on the next budget instead, dummies.

Tell it to the GOP. They are the ones who do this every single time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins. My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House. But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.

This WH say that there will be no negotiating or compromise.
That's a far cry from what Biden said back in 2011.

Republicans cannot threaten the debt ceiling and claim good faith. Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power. It is complete stupidity.

Everything you said is false. You are talking about a default on the debt,
which is not what is at issue here. Instead it is about whether to borrow more money.
Borrowing more money can also lead to higher interest rates. Not borrowing money and paying off your debts leads to lower interest rates.
Ultimately, interest rates come from inflation, not the other way around.

Actually, yes that is what is at issue here. Do we pay the bills run up be the past 250 years of government administration, and particularly the SEVEN TRILLION amassed by the Trump Administration and the GOP when it controlled the House and Senate and passed an unfunded tax cut?

All of these budget issues SHOULD HAVE HAPPENED DURING BUDGET NEGOTIATIONS! Now is not the time. Focus on the next budget instead, dummies.

It's actually a great time to start on writing the approps bills for next year. The president's budget is going to be submitted in a few weeks and then mark-up will begin. They can put their dream spending plans into those bills and then pass them over the summer/fall. But they don't want to do that, because 1) then they can't cut medicare, ss, etc. because they aren't in those bills, 2) they know the senate and biden won't agree to them unless they threaten to blow up the financial system and economy, and 3) then they'd have to take responsibility for the spending cuts instead of blaming them on biden.