Republicans and the debt ceiling

[Anonymous]

Anonymous wrote:Hey the GOP is busy introducing bills about trans athletes. Gotta work on those pointless culture war issues to upset their base and keep them focused on the irrelevant. Like how many trans athletes are there?! Meanwhile, the economy will tank from a default.

That and AR-15s seems to be the game plan. I mean, I could care less about trans athletes and care a lot more about the financial health of the US, but that doesn't seem to be a republican concern anymore.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hey the GOP is busy introducing bills about trans athletes. Gotta work on those pointless culture war issues to upset their base and keep them focused on the irrelevant. Like how many trans athletes are there?! Meanwhile, the economy will tank from a default.

That and AR-15s seems to be the game plan. I mean, I could care less about trans athletes and care a lot more about the financial health of the US, but that doesn't seem to be a republican concern anymore.

The irony there being that they will introduce bills saying they can't compete because they are male but if they then decide to go shirtless they will arrest them as females engaging in indecent exposure. I kid you not.

[Anonymous]

Q: "Here's one member explaining his intention to vote no on debt ceiling: 'This massive accumulation of debt was predicted...it was the result of willful and reckless disregard."

Biden econ advisor Jared Bernstein: "I don’t know who that lawmaker is."

Q: "Joe Biden in 2006."

[Anonymous]

Anonymous wrote:Q: "Here's one member explaining his intention to vote no on debt ceiling: 'This massive accumulation of debt was predicted...it was the result of willful and reckless disregard."

Biden econ advisor Jared Bernstein: "I don’t know who that lawmaker is."

Q: "Joe Biden in 2006."

That was true in 2006. Bush and Republican Congress inherited a balanced budget in January 2001 and blew up the deficit with tax cuts by May. Then after 9/11 they made no attempt to pay for any of the subsequent huge increases in Defense and Homeland Security spending.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Q: "Here's one member explaining his intention to vote no on debt ceiling: 'This massive accumulation of debt was predicted...it was the result of willful and reckless disregard."

Biden econ advisor Jared Bernstein: "I don’t know who that lawmaker is."

Q: "Joe Biden in 2006."

That was true in 2006. Bush and Republican Congress inherited a balanced budget in January 2001 and blew up the deficit with tax cuts by May. Then after 9/11 they made no attempt to pay for any of the subsequent huge increases in Defense and Homeland Security spending.

And, we can say the same about that now... The American Recovery Act (which is actually the American Recession Act) and the Inflation Reduction Act (which is actually a climate bill).
"Willful and reckless disregard" explains those perfectly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Q: "Here's one member explaining his intention to vote no on debt ceiling: 'This massive accumulation of debt was predicted...it was the result of willful and reckless disregard."

Biden econ advisor Jared Bernstein: "I don’t know who that lawmaker is."

Q: "Joe Biden in 2006."

That was true in 2006. Bush and Republican Congress inherited a balanced budget in January 2001 and blew up the deficit with tax cuts by May. Then after 9/11 they made no attempt to pay for any of the subsequent huge increases in Defense and Homeland Security spending.

And, we can say the same about that now... The American Recovery Act (which is actually the American Recession Act) and the Inflation Reduction Act (which is actually a climate bill).
"Willful and reckless disregard" explains those perfectly.

nice how you managed to ignore the 2017 GOP tax cuts that were unfunded and grew the US debt by 25%

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Q: "Here's one member explaining his intention to vote no on debt ceiling: 'This massive accumulation of debt was predicted...it was the result of willful and reckless disregard."

Biden econ advisor Jared Bernstein: "I don’t know who that lawmaker is."

Q: "Joe Biden in 2006."

That was true in 2006. Bush and Republican Congress inherited a balanced budget in January 2001 and blew up the deficit with tax cuts by May. Then after 9/11 they made no attempt to pay for any of the subsequent huge increases in Defense and Homeland Security spending.

And, we can say the same about that now... The American Recovery Act (which is actually the American Recession Act) and the Inflation Reduction Act (which is actually a climate bill).
"Willful and reckless disregard" explains those perfectly.

nice how you managed to ignore the 2017 GOP tax cuts that were unfunded and grew the US debt by 25%

Like most Republicans they ignore when the debt is run up when their guy is in office. Amazing how all these so called deficit hawks suddenly care even though they voted for a bill that added to the debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Q: "Here's one member explaining his intention to vote no on debt ceiling: 'This massive accumulation of debt was predicted...it was the result of willful and reckless disregard."

Biden econ advisor Jared Bernstein: "I don’t know who that lawmaker is."

Q: "Joe Biden in 2006."

That was true in 2006. Bush and Republican Congress inherited a balanced budget in January 2001 and blew up the deficit with tax cuts by May. Then after 9/11 they made no attempt to pay for any of the subsequent huge increases in Defense and Homeland Security spending.

And, we can say the same about that now... The American Recovery Act (which is actually the American Recession Act) and the Inflation Reduction Act (which is actually a climate bill).
"Willful and reckless disregard" explains those perfectly.

The Infrastructure Bill and the Inflation Reduction Act will generate huge returns for the country. It's amazing how Republicans pretend to be the ones who represent business, yet don't seem to understand basic concepts like ROI.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Q: "Here's one member explaining his intention to vote no on debt ceiling: 'This massive accumulation of debt was predicted...it was the result of willful and reckless disregard."

Biden econ advisor Jared Bernstein: "I don’t know who that lawmaker is."

Q: "Joe Biden in 2006."

That was true in 2006. Bush and Republican Congress inherited a balanced budget in January 2001 and blew up the deficit with tax cuts by May. Then after 9/11 they made no attempt to pay for any of the subsequent huge increases in Defense and Homeland Security spending.

And, we can say the same about that now... The American Recovery Act (which is actually the American Recession Act) and the Inflation Reduction Act (which is actually a climate bill).
"Willful and reckless disregard" explains those perfectly.

The Infrastructure Bill and the Inflation Reduction Act will generate huge returns for the country. It's amazing how Republicans pretend to be the ones who represent business, yet don't seem to understand basic concepts like ROI.

Bingo!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Q: "Here's one member explaining his intention to vote no on debt ceiling: 'This massive accumulation of debt was predicted...it was the result of willful and reckless disregard."

Biden econ advisor Jared Bernstein: "I don’t know who that lawmaker is."

Q: "Joe Biden in 2006."

That was true in 2006. Bush and Republican Congress inherited a balanced budget in January 2001 and blew up the deficit with tax cuts by May. Then after 9/11 they made no attempt to pay for any of the subsequent huge increases in Defense and Homeland Security spending.

And, we can say the same about that now... The American Recovery Act (which is actually the American Recession Act) and the Inflation Reduction Act (which is actually a climate bill).
"Willful and reckless disregard" explains those perfectly.

Not even close to the same. Massive tax cuts when the economy is good and we could start paying down debt painlessly is irresponsible and destructive long-term. A temporary stimulus to create jobs when the economy is weak is responsible government. Also why didn’t you mention PPP and spending under Trump? Biden has reduced the deficit.

[Anonymous]

Look at what Republicans do. They never stop spending, they just stop paying for the spending and weaken the regulation and oversight of the spending that goes to their patronage network to enable waste and fraud among their cronies.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anyone willing to blow up the American economy is not a centrist. Just shows you how extreme the GOP has become.

[Anonymous]

Started post elsewhere as did not see this thread -

Any feds or Hill workers here in the know about how worried we should be ? With a divided Congress, and nut jobs in prominent committee positions thanks to the House Speaker election debacle - is it highly unlikely that Congress will pass a debt ceiling increase?

Any chance for bipartisanship on passing a debt ceiling increase?


CBO report KEY POINTS
https://www.cnbc.com/2023/02/15/debt-ceiling-us-is...snt-raise-limits-cbo-says.html

* The nonpartisan Congressional Budget Office issued a new estimate of how long the Treasury Department can sustain its extraordinary measures to prevent a debt default: Five to eight more months.
* If Congress does not pass a debt ceiling increase before these measures are exhausted, the government will have to delay certain payments, default on its debt, or both, CBO said.
* The CBO also revised its projection for the size of the annual federal budget deficit over the next decade.


US risks debt default as soon as July: CBO
https://thehill.com/finance/3859710-us-could-default-as-early-as-july-cbo/

The federal government could default on its debt as early as July if Congress is unable to raise the debt limit, according to a report released Wednesday by the Congressional Budget Office (CBO).
The nonpartisan budget scorekeeper said the Treasury Department could exhaust the so-called “extraordinary measures” it began taking last month to stave off a default sometime between July and September.
….
The report comes a month after the Treasury warned it could run out of the emergency measures as soon as June, after the national debt reached the roughly $31.4 trillion threshold set by Congress more than a year ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hey the GOP is busy introducing bills about trans athletes. Gotta work on those pointless culture war issues to upset their base and keep them focused on the irrelevant. Like how many trans athletes are there?! Meanwhile, the economy will tank from a default.

That and AR-15s seems to be the game plan. I mean, I could care less about trans athletes and care a lot more about the financial health of the US, but that doesn't seem to be a republican concern anymore.

The irony there being that they will introduce bills saying they can't compete because they are male but if they then decide to go shirtless they will arrest them as females engaging in indecent exposure. I kid you not.

This is legitimately hilarious.