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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] On top of that all the parties have agreed and said on the record they will not allow a default. So why are the democrats negotiating away their programs? Biden said today he has agreed to a trillion dollars in cuts and he got nothing.[/quote] Because default is not an issue, unless Biden tells the Treasury Secretary to not make the debt payments. This is about whether they want to borrow more money. So without a debt ceiling increase, Dems lose trillions of dollars in spending, whatever the current deficit is. With a debt ceiling increase, Dems get to spend more money, whatever Republicans agree to. Their leverage is Biden can blame them for any problems, as he chooses what programs to spend on to stay within the debt limit. 'Because Republicans won't raise the debt ceiling, Social Security checks might not go out.' [/quote] But you are silent on the unfunded tax cuts which ballooned both the deficit and the debt. Why?[/quote]
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