Reply to Republicans and the debt ceiling

Forum Index » Political Discussion

Reply to "Republicans and the debt ceiling "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Put another way, Biden knew how much he could spend under the current debt limit and he blew right past it with the Infrastructure Bill.  He is going to push us to a place where we devalue the dollar.  He is such an incredibly bad president for the economy and all the smoke and mirrors don’t hide what people see in their bank accounts.  People see the layoffs or feel the layoffs.  People see the government stepping in to insure loans beyond what FDIC requires.  Most of this country doesn’t have savings over $250,000 and yet this administration saw fit to bail out people who stupidly kept accounts higher than that limit.  Bailing out the rich while squeezing the poor and middle class.  Biden is the worst ever.[/quote]

The debt limit is about money already spent, ie the unfunded Trump tax cuts. This has almost nothing to do with the Biden bills, which had a number of balances associated with it.

It is funny you say he has been a bad president for the economy, when, other than inflation, you couldn't be more wrong. In fact, the last 3 GOP presidents have aggregated for less than 5% of the job growth in the US over the past 40 years, while the last three Democrat presidents going back to Clinton, are responsible for the balance.

The last three GOP presidents left office with the economy in recession, massive job loss and a shrinking GDP.

The last three Dem presidents, including Biden have inherited those recessions and put the US back on track by every metric.

Under Biden, there is inflation. How much of that is due to private companies jacking up prices because they could? Look at the last three quarters of financial reports from the Fortune 500 for your answer.

And...those other Western/Industrialized countries have MORE inflation than the US in the same period, so you can't blame Biden for it, and in fact, the Inflation Reduction Act has actually made the US and its economy MORE COMPETITIVE than our western peers.

Facts are important.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics