Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So why does the republican house have to adopt Biden’s future spending plan? McCarthy had committed to paying the debts we currently owe? Why isn’t that enough?

You are very confused.

How? Seriously question. It is my understanding that the debt ceiling has to be raised to prevent a default. Is that correct? It is my understanding that McCarthy has committed to raising the debt ceiling to the level necessary to pay for obligations they the US government has already made. Is that correct? It is my understanding that the President has rejected that because he is ants the debt limit raised to a higher level that would ensure that obligations NOT yet made would be covered. Is that correct? If I am correct on all counts, then really it isn’t a matter of republicans refusing to raise the debt limit to a level necessary to prevent a default. It’s a matter of Biden wanting it to go even higher.

McCarthy wants a 20% in exchange for raising the ceiling. Once you account for debt service, Defense (including VA benefits), Social Security, and Medicare- all of which republicans say they won't cut- there isn't 20% left to cut.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So why does the republican house have to adopt Biden’s future spending plan? McCarthy had committed to paying the debts we currently owe? Why isn’t that enough?

You are very confused.

How? Seriously question. It is my understanding that the debt ceiling has to be raised to prevent a default. Is that correct? It is my understanding that McCarthy has committed to raising the debt ceiling to the level necessary to pay for obligations they the US government has already made. Is that correct? It is my understanding that the President has rejected that because he is ants the debt limit raised to a higher level that would ensure that obligations NOT yet made would be covered. Is that correct? If I am correct on all counts, then really it isn’t a matter of republicans refusing to raise the debt limit to a level necessary to prevent a default. It’s a matter of Biden wanting it to go even higher.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So why does the republican house have to adopt Biden’s future spending plan? McCarthy had committed to paying the debts we currently owe? Why isn’t that enough?

You are very confused.

How? Seriously question. It is my understanding that the debt ceiling has to be raised to prevent a default. Is that correct? It is my understanding that McCarthy has committed to raising the debt ceiling to the level necessary to pay for obligations they the US government has already made. Is that correct? It is my understanding that the President has rejected that because he is ants the debt limit raised to a higher level that would ensure that obligations NOT yet made would be covered. Is that correct? If I am correct on all counts, then really it isn’t a matter of republicans refusing to raise the debt limit to a level necessary to prevent a default. It’s a matter of Biden wanting it to go even higher.

Anonymous wrote:

Anonymous wrote:So why does the republican house have to adopt Biden’s future spending plan? McCarthy had committed to paying the debts we currently owe? Why isn’t that enough?

You are very confused.

Anonymous wrote:So why does the republican house have to adopt Biden’s future spending plan? McCarthy had committed to paying the debts we currently owe? Why isn’t that enough?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am not sure what polling The Hill is referring to. The Wash Post poll over the weekend oversampled republicans by 7%. not sure why since more democrats have voted in the last three elections.

That said, anyone following this understands that the debt ceiling has ALWAYS been raised with a clean bill. What the GOP is doing here is, in fact, without precedent.

That’s from an opinion piece by Denny Hasterts former speechwriter.

Hastert? One of the Republican child molesters? That Hastert?

Anonymous wrote:

Anonymous wrote:I am not sure what polling The Hill is referring to. The Wash Post poll over the weekend oversampled republicans by 7%. not sure why since more democrats have voted in the last three elections.

That said, anyone following this understands that the debt ceiling has ALWAYS been raised with a clean bill. What the GOP is doing here is, in fact, without precedent.

That’s from an opinion piece by Denny Hasterts former speechwriter.

Anonymous wrote:I am not sure what polling The Hill is referring to. The Wash Post poll over the weekend oversampled republicans by 7%. not sure why since more democrats have voted in the last three elections.

That said, anyone following this understands that the debt ceiling has ALWAYS been raised with a clean bill. What the GOP is doing here is, in fact, without precedent.

Anonymous wrote:Both parties are dumb thinking they can blame a default or recession on the other party. Both the Dems and GOP will suffer politically.

No matter what politicians say in public, they care deeply about the latest polls.
And right now, in the battle for public opinion, the polls seem to favor congressional Republicans over the president.
President Biden and House Speaker Kevin McCarthy (R-Calif.) have plenty of time to get a deal on extending the debt limit while achieving other policy objectives. When it comes to the debt limit, polls matter. A month is an eternity in congressional politics.

To get a deal, of course, it is best to set a deadline, and Treasury Secretary Janet Yellen obliged by setting an early deadline, based most likely on pure fiction. June 1 is an arbitrary date. The government will likely run out of money in August, according to most experts, but June 1 is good for both sides because it will help them get to an earlier budget agreement.
At first, House Republicans were hoping to get into a budget negotiation with the president without actually passing a budget. They were worried that a) they wouldn’t be able to pass one and b) such a vote could hurt them in the polls.

But it turned out they strengthened their hand in the negotiations by coming together and passing an extension of the debt limit while including substantial spending cuts. It is a far better talking point to tell the American people “We have done our job, now do yours,” than “Please, Mr. President, negotiate with us.”
In the meantime, Biden has been slipping in the polls for reasons that have little to do with the debt limit. Revelations that his campaign worked with former intelligence officials to lie about H***** Biden’s laptop are damaging. Crime is out of control all over the country, and all the Biden White House can do is blame law-abiding gun owners.
The administration also lost credibility with its COVID-19 response. Top Biden ally Randi Weingarten, president of American Federation of Teachers, got considerable grief for claiming she hadn’t been in favor of closing down schools. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases, has tried to run away from all responsibility for the shutdown by channeling his favorite Shaggy song, “It wasn’t me.” Rochelle Walensky resigned in disgrace from the Center for Disease Control and Prevention (CDC).

I had thought that Senate Majority Leader Chuck Schumer (D-N.Y.) would try to put pressure on the House by passing a clean debt ceiling, but he apparently doesn’t have the votes. Forty-three Senate Republicans, including Minority Leader Mitch McConnell (R-Ky.), signed a letter saying no go on a clean debt ceiling. And who knows where Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (I-Ariz.) will be when the dust settles?

Anonymous wrote:Both parties are dumb thinking they can blame a default or recession on the other party. Both the Dems and GOP will suffer politically.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So we’re doing this. Manufacturing a recession because why?

It's not "we" - it's the Federal Reserve, and it's being done to knock inflation down. And hopefully they aggressively calibrate to prevent oversteering into an actual recession.

A little inflation, which is already trending down, is better than an economic collapse from where I am sitting. Which is where most Americans are sitting.

Interest rate hikes are likely paused and won't cause an economic collapse. Defaulting on the debt however will.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So we’re doing this. Manufacturing a recession because why?

It's not "we" - it's the Federal Reserve, and it's being done to knock inflation down. And hopefully they aggressively calibrate to prevent oversteering into an actual recession.

A little inflation, which is already trending down, is better than an economic collapse from where I am sitting. Which is where most Americans are sitting.