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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It takes two to tango. Democrats are going to have to accept significant compromises. Not sure why they act as if it is their way or the door. They don't hold Congress. Republicans do. Isn't that the whole point of a divided government? [/quote] Why do they need to accept anything? They aren't the ones manufacturing this crisis.[/quote] May I ask why you think the Republicans are manufacturing the crisis when it's just as much the Democrats manufacturing the crisis by refusing the cut spending? Remember, it takes two to tango. Politics does not mean Democrats do whatever they want and the Republicans shut up and keep quiet. At least, in theory. [/quote] The Republicans are manufacturing a crisis by linking the debt ceiling (ie paying bills already incurred) with future spending. These are separate issues and paying our debt shouldn’t be up for debate. [/quote] Republicans aren’t manufacturing a crisis; they’re seizing a political opportunity. And they’re going to get what they want because — at the end of the day — no matter how much yelling, blaming, and finger-pointing the Dems do, Biden will get blamed if the country defaults. It’s what happens to the party in power.[/quote] You’re assuming the government is just going to stop paying all the bills. I don’t think that’s how it’s going to go. Yellen is already saying there are going to be some tough choices about which bills to pay. The administration is going to get to pick and choose who to pay. I expect they will make it as painful as possible for some key republican constituencies. When Boeing and Northrop Grumman stop getting their bills paid, they’re going to have McCarthy on speed dial.[/quote] A full stop or partial stop in paying bills both lead to a stock market crash, trillions lost in equity, and significant job losses. And most of Boeing’s operations are in a blue part of a blue state… [/quote]
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