Republicans and the debt ceiling

[Anonymous]

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Anonymous wrote:The House has passed a bill to raise the debt ceiling. Ball is in Senate court--along with the President.

A clean bill? Or did they just pretend to pass something that raises the debt if we ignore that it cuts veterans benefits or some irresponsible bill-killing stuff like that?

Ah yes, let's let the Senate pass a clean spending bill or perhaps one that cuts military spending by 25%, gets rid of the Bush and Trump tax cuts, makes capital gains taxes for those making more than $400K equal to the income tax, and eliminate the cap on social security payments. We'd be rolling in revenue and be able to fund ALL of President's priorities.

Lastly, don't think for a sec that if the shoe is on the foot, that Democrats won't decide to flip the script next time the debt limit is reached. We default. We go into a recession. If Republicans win the white house, then Democrats will happily hold the debt ceiling hostage to their wish list of demands. Careful what you wish for, PP. That's why it's always been a clean bill in the past.

Have the Dems ever done that (recently?) I seem to recall it being Republicans the ones to shut down the government, at least in the last 20 years.

No, they've never done this. They've acted in good faith under Republican Presidents and passed clean debt resolutions. Every. Single. Time. However, if the Republicans want to hold the country hostage and play brinksmanship with the economy in exchange for its wishlist, who's to stop the Democrats from doing so the next time a Republican is in the White House? Why wouldn't they? I would think the gloves come off once it's clear that the Republicans no longer ever negotiate in good faith.

What's to stop them? The fact that they have actual ethics and morals and the GOP knows they wouldn't harm hundreds of millions of people just to get their way on fiscal policy.

Democrats somehow believe the government should function and that threatening to burn down the government and crash the economy is dangerously stupid.

Reminder: GOP in House voted to raise the debt limit.

With a 22% across the board funding cut. 22% of everything... defense, VA, Social Security, Medicare, schools, FDA, roads, FAA, etc

Couldn’t be. Republicans swore Social Security & Medicare were not anything they would be willing to cut. They were very indignant during the State of the Union at the mere suggestion.

[Anonymous]

Should I start stockpiling TP again?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The House has passed a bill to raise the debt ceiling. Ball is in Senate court--along with the President.

A clean bill? Or did they just pretend to pass something that raises the debt if we ignore that it cuts veterans benefits or some irresponsible bill-killing stuff like that?

Ah yes, let's let the Senate pass a clean spending bill or perhaps one that cuts military spending by 25%, gets rid of the Bush and Trump tax cuts, makes capital gains taxes for those making more than $400K equal to the income tax, and eliminate the cap on social security payments. We'd be rolling in revenue and be able to fund ALL of President's priorities.

Lastly, don't think for a sec that if the shoe is on the foot, that Democrats won't decide to flip the script next time the debt limit is reached. We default. We go into a recession. If Republicans win the white house, then Democrats will happily hold the debt ceiling hostage to their wish list of demands. Careful what you wish for, PP. That's why it's always been a clean bill in the past.

Have the Dems ever done that (recently?) I seem to recall it being Republicans the ones to shut down the government, at least in the last 20 years.

No, they've never done this. They've acted in good faith under Republican Presidents and passed clean debt resolutions. Every. Single. Time. However, if the Republicans want to hold the country hostage and play brinksmanship with the economy in exchange for its wishlist, who's to stop the Democrats from doing so the next time a Republican is in the White House? Why wouldn't they? I would think the gloves come off once it's clear that the Republicans no longer ever negotiate in good faith.

What's to stop them? The fact that they have actual ethics and morals and the GOP knows they wouldn't harm hundreds of millions of people just to get their way on fiscal policy.

Democrats somehow believe the government should function and that threatening to burn down the government and crash the economy is dangerously stupid.

Reminder: GOP in House voted to raise the debt limit.

With a 22% across the board funding cut. 22% of everything... defense, VA, Social Security, Medicare, schools, FDA, roads, FAA, etc

Couldn’t be. Republicans swore Social Security & Medicare were not anything they would be willing to cut. They were very indignant during the State of the Union at the mere suggestion.

And Republicans ABSOLUTELY NEVER lie, do they? Only every time they speak.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The House has passed a bill to raise the debt ceiling. Ball is in Senate court--along with the President.

A clean bill? Or did they just pretend to pass something that raises the debt if we ignore that it cuts veterans benefits or some irresponsible bill-killing stuff like that?

Ah yes, let's let the Senate pass a clean spending bill or perhaps one that cuts military spending by 25%, gets rid of the Bush and Trump tax cuts, makes capital gains taxes for those making more than $400K equal to the income tax, and eliminate the cap on social security payments. We'd be rolling in revenue and be able to fund ALL of President's priorities.

Lastly, don't think for a sec that if the shoe is on the foot, that Democrats won't decide to flip the script next time the debt limit is reached. We default. We go into a recession. If Republicans win the white house, then Democrats will happily hold the debt ceiling hostage to their wish list of demands. Careful what you wish for, PP. That's why it's always been a clean bill in the past.

Have the Dems ever done that (recently?) I seem to recall it being Republicans the ones to shut down the government, at least in the last 20 years.

No, they've never done this. They've acted in good faith under Republican Presidents and passed clean debt resolutions. Every. Single. Time. However, if the Republicans want to hold the country hostage and play brinksmanship with the economy in exchange for its wishlist, who's to stop the Democrats from doing so the next time a Republican is in the White House? Why wouldn't they? I would think the gloves come off once it's clear that the Republicans no longer ever negotiate in good faith.

What's to stop them? The fact that they have actual ethics and morals and the GOP knows they wouldn't harm hundreds of millions of people just to get their way on fiscal policy.

Democrats somehow believe the government should function and that threatening to burn down the government and crash the economy is dangerously stupid.

Reminder: GOP in House voted to raise the debt limit.

With a 22% across the board funding cut. 22% of everything... defense, VA, Social Security, Medicare, schools, FDA, roads, FAA, etc

Couldn’t be. Republicans swore Social Security & Medicare were not anything they would be willing to cut. They were very indignant during the State of the Union at the mere suggestion.

Republicans have been trying to cut SS and Medicare for decades.

I mean, if republicans want to ruin the economy rather than coming to an agreement with concessions for both parties, well that's on them.

[Anonymous]

Mike Lee wants to crash the economy.

[Anonymous]

Anonymous wrote:Mike Lee wants to crash the economy.

It doesn't say he wants to crash the economy.

You are making a false assumption about the result of no debt ceiling increase.
What really crashes the economy is the government borrowing trillions of dollars every year.
With inflation, interest rates are rising to a point where the government will have to pay $2 trillion a year in interest payments on the debt, and growing.

[Anonymous]

Biden increased spending with his student loan forgiveness. Why should Republicans just agree to that?

[Anonymous]

What do republicans think will happen if their insane budget gets passed? It would cause an immediate recession. Is that what they want? And I’m not asking rhetorically. Causing a recession to own the libs is one explanation but I really believe these morons have no idea what they’re doing. They believe their own BS.

[Anonymous]

Anonymous wrote:Biden increased spending with his student loan forgiveness. Why should Republicans just agree to that?

That is entirely separate from the debt ceiling increase. The only question in the debt ceiling is whether the US government will default on Treasury securities that have already been bought and are soon due with interest. The budget and appropriations are different procedures and different legislation.

You also are incorrect. The loan forgiveness, which currently is not in effect as it is help up by dubious legal action, would reduce future revenues from loan repayments but the loan funds have already been paid, so it’s not much new spending. According to Republicans, cutting revenues doesn’t count as real money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden increased spending with his student loan forgiveness. Why should Republicans just agree to that?

That is entirely separate from the debt ceiling increase. The only question in the debt ceiling is whether the US government will default on Treasury securities that have already been bought and are soon due with interest. The budget and appropriations are different procedures and different legislation.

You also are incorrect. The loan forgiveness, which currently is not in effect as it is help up by dubious legal action, would reduce future revenues from loan repayments but the loan funds have already been paid, so it’s not much new spending. According to Republicans, cutting revenues doesn’t count as real money.

No, it is about whether the government will borrow more money. They already have the authorization to pay on bonds.

[Anonymous]

Anonymous wrote:What do republicans think will happen if their insane budget gets passed? It would cause an immediate recession. Is that what they want? And I’m not asking rhetorically. Causing a recession to own the libs is one explanation but I really believe these morons have no idea what they’re doing. They believe their own BS.

What do Democrats think will happen with trillions of dollars in deficits every year, with trillions more to come from higher interest rates?
I know they promote this Modern Monetary Theory that the government can spend a lot, but do they really believe this?

[Anonymous]

Anonymous wrote:

Anonymous wrote:What do republicans think will happen if their insane budget gets passed? It would cause an immediate recession. Is that what they want? And I’m not asking rhetorically. Causing a recession to own the libs is one explanation but I really believe these morons have no idea what they’re doing. They believe their own BS.

What do Democrats think will happen with trillions of dollars in deficits every year, with trillions more to come from higher interest rates?
I know they promote this Modern Monetary Theory that the government can spend a lot, but do they really believe this?

So. You believe your own BS then. What makes you believe we need austerity right now?

[Anonymous]

Republicans and their useful idiots.

We were complicit in decades of overspending - let's cut veterans' benefits and child nutritional assistance or burn down the economy.

[Anonymous]

If republicans think there’s a lot of social unrest and crime out there now, just wait until there’s 10% unemployment. Crazy or dumb or both. I just can’t make sense of any of this anymore.

[Anonymous]

Anonymous wrote:If republicans think there’s a lot of social unrest and crime out there now, just wait until there’s 10% unemployment. Crazy or dumb or both. I just can’t make sense of any of this anymore.

That works to their benefit...create more fear, sell more guns, blame the dems for crime, repeat.