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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][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] But what do they want? If you can’t even say what is, other than a political joke, well I’d say it’s going to fall pretty flat when the country enters a recession.[/quote] They’re going to get some sort of cap on discretionary spending and stricter work requirements for social safety programs. Dems will huff and puff but they’re not going to allow the country to default.[/quote] Any cap on discretionary spending will be applicable to 2024 only and could pass if both defense and non-defense receive the same reduction. That’s the only way it worked before. Any future caps will be lifted so they’re completely meaningless. In exchange for caps and the ability to save face, the republicans need to drop work requirements. [/quote] Biden apparently offered them caps for both 24 and 25, but McCarthy rejected it because the reductions would have hit defense too. Mr. “we need to cut spending” actually wants to increase defense spending, which is by far the biggest discretionary item.[/quote]
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