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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]The fundamental problem here is that McCarthy does not have the votes for any deal he cuts with Biden, but he does not seem to recognize that fact. 30-50 of his members are extreme wackos who will vote against anything, and the Rs don't control the Senate (and there are probably 10 Rs in the Senate who are extreme wackos who will vote against anything). So he's got to cut a deal that will get 50 plus D votes in the House and 30 plus D votes in the Senate. But he's not offering the Ds anything at all. He won't reform prescription drug pricing, won't close the carried interest loophole, won't increase taxes on wealthy, and won't cut defense spending. Negotiation means both sides get something and give up something. But it's just demands from McCarthy with no give. [/quote] It is McCarthy who is giving. With no debt ceiling increase you have to cut trillions in spending. That is the starting position of negotiations. There is no default that would happen, unless Biden wants it to. Not raising the debt ceiling does not produce default, it produces trillions in spending cuts. Democrats are giving up so much because they are the party of more government and more spending, though Republicans spend even more when they are in power. If they want to say OK we will cut trillions, McConnell will freak out and be eager to cut a deal. [/quote] I find it very curious that the same people who insist Biden is a dictator advocate for him to pick and choice which congressionally authorized spending he will and won’t do. I guess he can just stop paying ag subsidies and cut off all grants to red states? Maybe get rid of the border patrol and ICE? [/quote] If you accept the idea that the president can unilaterally ignore spending laws when the debt ceiling is hit, then you also have to accept the idea that he can ignore tax laws. Why couldn't Biden just unilaterally raise taxes in order to pay for the spending that congress has mandated?[/quote] Because taxing power lies with Congress. People would not have to pay taxes he unilaterally decided to raise. Now if he cut taxes, declaring that he would not enforce the tax law against anyone who paid a lower rate that he deemed appropriate, then that might be acceptable. Certainly this is what Obama did with DACA.[/quote]
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