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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]Not sure why pp contends this crisis is a total win for KM. He has a paper thin majority and is being held hostage in his negotiating powers by know nothing right wing extremists. How is this inability to lead in a rational good faith way a win? I hope Biden finds a way to move forward with 14th Amendment . [/quote] Despite what Biden, McCarthy, and the media say, the 14th amendment says debts authorized by law must be honored. If Congress doesn't raise the debt ceiling, then any debts incurred by Biden do not have to be paid. Also, Biden is required by the 14th amendment to make payments on the current debt.[/quote] 14th amendment does not abrogate separation of powers between the executive and legislative branches. The House plays a pivotal role in spending. Even the lawyers at 1600 Pennsylvania Ave recognize that fact.[/quote] The House already did that when they passed various budgets and unfunded tax cuts. The Congress has already obligated that the USG spend this money.[/quote] Unfunded tax cuts? No.There's no such thing. Taxes fund spending, not the other way around. The tax payer earns money through work and the govt takes it. Just to clear up your confusion. The House passed a bill to cut spending. Biden doesn't want to sign it. [/quote] Because most of the spending that they want to cut is not discretionary. And....that is a BUDGET issue. This is a debt issue, two different things, so stop conflating them. And yes, if you are going to have tax cuts, then you need to cut spending, otherwise, you run up debt. So the GOP has cut taxes multiple times without corrpesonding cuts in spending, and then they blame the Dems.[/quote]
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