Can Republicans Solve the Fake Debt Ceiling Crisis They Created?
Can Republicans Solve the Fake Debt Ceiling Crisis They Created?
May 27, 2023 (al Jizzerror Fake News) - Kevin McCarthy and his fellow Retrumplicans decided to make the debt ceiling a political football in order to blame it on President Biden. These are the same assholes who rubber stamped three debt ceiling increases when Trump was president with no strings attached.
The idiotic Retrumplicans may even follow the advice of their fearful leader, The Donald, to default on the debt (which is unconstitutional). Sure this enormously ridiculous move would damage the value of the dollar and plunge the economy into a severe recession, but they don’t give a shit as long as they can blame Biden. Retrumplicans always prioritize their party over the country.
Kevin McCarthy has managed to put himself on political thin ice. The knuckle draggers in the so called “freedumb caucus” always favor stupid shit, so if McCarthy backs down on the bullshit debt ceiling crisis, he could become the former speaker of the House of Reprehensibles. That would be the most amusing outcome of McCarthy’s bullshit debt ceiling crisis.
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Gee, it would be such a shame to see McCarthy dethroned and watch the fucking circus when the stupid Republicans try to coronate a new Speaker of the House of Reprehensibles.
meh, I'm pretty confident that the debt ceiling will get passed, but if republican scum in the house defy section 4 of the 14th amendment to the constitution, I plan on imposing a very costly domestic terrorism tax on them locally.
In reality McCarthy isn't the problem. He's the 'coffee boy'.
I read an article this morning where the freedum caucus is already willing to abort. They say they are betrayed by McCarthy because he is not sticking with every single one of their demands. Even dangling the possibility of taking him out.
Butt yeah, it is all the fault of the Dems....
No, not all the fault of the Dems. But the Democrats refused to even talk with the Republicans for months, demanding the only thing they would accept is a clean increase with no conditions. The Republicans in the House have passed a bill that does raise the debt ceiling yet the Democrats in the Senate have done nothing with the bill. I don't know if it even went to committee or if it is just sitting on Schumer's desk.
So they must accept half the fault here.
Sorry but there is no reason the Dems should even try to take up a bill that is only the republican wish list which they say they will not back down on.
They have no clearcut vision, not even a budget plan.
I disagree. The Democrats control the Senate and the Republicans control the House. The two sides must negotiate to pass anything.
A contingent of Republicans in the House are saying they will not back down, just like a contingent of Democrats in both the House and Senate are stating that Biden must use the 14th Amendment and not back down. All while negotiations are going on. From what I read, the Republicans have already made some concessions in their demands such as removing permitting reforms for energy.
Democrats are refusing to budge on additional work requirements for federal aid such as Medicaid which was shown to only impact a small percentage of people who receive Medicaid as you are exempt if you are disabled or if you have children living at home. The additional work requirements were only to expand the age limit for work requirements from 50 to 55, it didn't add any more hours of work to the requirement or any other changes.
I wish these negotiations were out in the open where we could see it all but they always do this behind closed doors to avoid having the extremists cry about what is being negotiated. The belief from what I read is that they hope to have an agreed on plan that can be taken to the centrists in the House to get both Republican and Democrat votes to pass it.
As far as a Republican wish list, isn't that how these things always start out anyway? Whoever is in charge in the House puts out their wish list and then the negotiations start. But to say they have no clearcut vision is I think partisan rhetoric.
I never said I wasn't partisan, so that is never an insult to me....Haha
My point being, isn't the House the one that is suppose to write up a budget?
From what I can gather, the debt ceiling thing is what still needs to be paid from the previous years budget.
Holding demands on something that was already suppose to be paid for is beyond idiotic Imo. They should release their budget for the new year and negotiate from there.
Have to add, if the work requirement is so negligible, then why are they pushing for it? If it is hardly going to make any difference then why do it at all?
They have no clearcut vision, not even a budget plan.
That’s an incredible to thing to say about the side that’s actually passed a plan to raise the debt limit.
the democrats have passed no plan, and openly advocate for an obviously unconstitutional assault on the separation of powers under which Biden the dictator usurps the power of the purse from the legislative branch.
You know they are never going to use the 14th amendment. All just bluster. I don't think it would pass muster anyway.
I think the Dems plan is just pay for what we said we would pay for...
Not necessarily what still needs to be paid. The debt ceiling reflects spending and revenue decisions that were enacted in prior years. Unfortunately it's set by estimates of spending and revenue, both of which don't always match with expectations. But the debt ceiling is only a ceiling of the max amount of debt that the US Government may hold outstanding. The bill passed by the House can be looked at as a start of the budget negotiations for the next budget. The demands as you put it are to claw back money that was budgeted but not yet spent.
IMO Biden and the Democrats wasted a lot of time by refusing to even talk with Republicans about this.
You would have to ask them why they are pushing it, I'm not in Congress. But at the same time, if it is going to make so little difference why are the Democrats dead set against it?
Can't speak for them myself yet I am against it because if it is so negligible like some people say, I would take the side of the citizen over making it more difficult.
Republicans want to raise the work requirement to receive SNAP from the top age of 50 to 55. Logically, the Democrats believe that the older into middle age people get the more some of those people will for health reasons find it difficult to work.
I think the Democrats are going to hold the line on this one.
Under current law, able-bodied adults under 50 and without dependents risk losing their food stamp, or SNAP benefits , if they don’t spend 20 hours a week in work-related activities. The bill would apply the requirement to those ages 50-55. It already stated able-bodied, if someone has health reasons to be difficult or unable to work obviously they are not able-bodied, are they.
Personally I don't see this as a hill to die on for either side.
The econoterrorist democrats will crash the economy before negotiating in good faith.
he swore an oath to defend the constitution, even though that's meaningless to most republicans.
So why isn't Brandon defending our borders and enforcing our immigration laws?
Democrats shit on the Constitution regularly. It is hilarious when they try to pretend otherwise.
What does faith have to do with anything?
They have been arguing over a small portion of the federal budget, neither Party has a plan to tackle the rapidly rising Social Security, Medicare and other health-care costs which are the major drivers of our fiscal imbalance
What of the waste at the Department of Defense, military retirements and such?
There is a lot of mismanagement there!
How are military retirements mismanaged?
That's an easy fix.
The cap on the FICA tax should be removed so the rich would be taxed on all of their income.
True, arguing 50 to 55 BS is merely to give McCarthy some sort of pyrrhic victory.
Next time the R's are dealing with a D POTUS, they will insist on raising it to 60, equally as meaningless.
McCarthy's leadership depends on satisfying the "stick it to the libs" crowd that gave him the votes, no matter how foolish he looks or sounds.
Historically, yes they have a few whoppers that color the public's view, perhaps unfairly for the whole of the services.
As in what exactly, the cost of a cake when someone makes it 20 years?
could you be a little more specific?
I see that you have bought in to the Republican nonsense about "entitlements".
Military retirees are "entitled" to their pensions (that are based on their length of service to our country.
Social Security receipts are "entitled" to receive pensions based on their FICA tax payment history.
BTW, Medicare is not free health insurance. Participants have to pay for it.
Don't YOU receive "entitlements"?
Since SS benefits are commensurate with FICA taxes paid, their benefits would go up.
Maybe we should also include fringe benefits such as employer-sponsored health insurance and flexible spending accounts in the FICA tax base.
And in the original bill that was sent to the Senate all that was protected. So exactly what was Biden holding out for?
Defense cuts are the "third rail" to Republicans.
That's like "Hammer Time" to them.
In the early 60’s entitlement spending was about 15% of the federal budget,
By 1970, it was 20% of the budget.
By 1980 it was 30%.
By 1996 it was 41%.
By 2015 it was 48%.
Mandatory spending is estimated to be 63.5% in five years. Interest payments on our growing debt will be about 12% leaving little for everything else.
Yes, military retirement and Medicare.
In the fifties, defense spending was 70% of the federal budget, last year it was 13%.
That's why the cap on the FICA tax should be removed so the rich would be taxed on all of their income.
Republicans can't do arithmetic. There are two sides to the equation:
Revenue minus spending equals a deficit if spending is greater than revenue so Republicans want to reduce spending.
But if revenue is increased the deficit can be decreased and even erased.
Bill Clinton demonstrated that by running the four largest budget SURPLUSES in US history.
Why haven’t the Dems proposed it in legislation?
That was because Al Gore invented the internet.
The house controls the purse strings, Bill Clinton vetoed Gringrichs budget because he wanted more spending.
Or at least a half of it.
facts like that won't penetrate the echo chamber.
Why is Biden "negotiating"? Let the Republicans break the world's economy. It will take something that big to penetrate TrumpTrueBelievers' skulls.
I doubt it, and then what?
I enjoy the Orwellian nature of progressives thinking.
it’s the republicans fault because they passed a bill to raise the debt ceiling and democrats refused to.
Why is chuckie trying to crash the worlds economy, We can’t blame Biden, he is still looking for the invisible person he was trying to shake hands with.
It is getting to where, "Republican", is a slur...
They had no problem making the word, "Liberal" a slur.
Exactly!
Republicans aren't 'slurpies'. Right?
They're not interested in solving it. They only want to deflect blame for it.
Poor guy. How many votes did it take for him to be speaker? He had to have known that his job would always be hanging by a thread.
All I have heard was basically, here is what we want. Pass it or it is your fault...
Typically the leftist mantra.
Sucks to have it thrown back in your face, huh?
Difference is...
It will be democrats fault.
None of that matters. The issue is being marketed. These division/dissentions' are raising massive amounts of money and merchandise sales. The crooks are in charge.
If you have the copyright show it, I have seen that term used elsewhere.
WFT? What fucking term?
Can’t help if this site sucks for mobile platforms,
Econo-terrorist is the term.
Okay, it's about assholes like McCarthy threatening to default on the debt if they don't get concessions on their budget.
That shit should be about the debate on the budget; that takes place in the House where he's the fucking Squeaker.
You do know he passed a Bill? Where is the Senate? They do have the power to amend the bill and send it back, why do the left blame MCCarthy for doing his job while Schumer does nothing?
Biden and McCarthy have an agreement, where is Schumer?
because they hold Dems to much lower standards than they do the GOP.
Debt Ceiling Crises. ? ? Spending too much money? And that is probably true.
Hey McCarthy. How about ceasing all federal funding for disaster events, defund FEMA and have disaster relief left to the states along with charitable foundatons. Or you could examine federal funding for years 2017-2021 specifically for the US Southern border. Bet there is a lot of money to be recovered there.
initiate the trump partisan federal assistance plan for red states and fuck bailing out the southeast and gulf coast states that have swiss cheese building codes and let the insurance companies that own the local politicians take the hit whenever the inevitable hurricanes roll thru again.
Seems like some blue states have their fair share of natural disasters, too.
Will you want funding for them cut as well?
Heck, I read today that State Farm will no longer issue home or business policies in California due to high, inflated costs there.
recovered?
Whatever are you talking about?
Both parties do the same exact thing.
When it is a President of their own party, people always vote to extend with no strings attached and give an opposing President hell.
I don't know why people pretend this doesn't happen every time we need to extend the debt ceiling.
There is almost zero chance we will default despite the hysteria.
When did the Democrats hold the debt ceiling hostage?
nobody is holding anything hostage.
hard to believe people forget what ALWAYS happens!
Right now!
Derp.
Double derp.
Didn’t both Sen Biden and Sen Obama vote against raising the debt ceiling?
well, you see, THAT'S totally different because they are Democrats!
no need to get hysterical over this. we have seen it before and we'll see it again.
DERP!
Did you discover a new word?
Congrats!
There was no doubt about the passage of the debt ceiling in 2006.
It was just a "protest" vote over a trillion dollar raise (which seemed like a lot of money in 2006).
Their vote would NOT have caused a default.
Biden, several times. Did not see anything on Obama.
The real question is, why do we have a debt limit at all? It's nothing more than an instrument of blackmail for both parties.
It is an artificial fight whose time should have ended long ago.
“Mr. President, I rise today to talk about America’s debt problem. The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers….”
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That reminds me of the CNN town hall meeting with our latest ex President who was asked
why he reversed his stand on the debt ceiling. I am paraphrasing but I believe he said being
President is very different than not being the President.
Color me shocked that a junior Senator Obama voted along party lines spouting the opposition Cliff Notes.
I actually think Ted Cruz plagiarized Obama and made the same speech when he voted against the debt ceiling under President Obama.
Eduardo R Cruz also voted along party lines and has made the same impassioned noise when Obama was POTUS. Quiet as a mouse when he voted to raise the debt ceiling under Mr. Trump.
Any bets that Senator Cruz will be voting against this McCarthy-Biden "deal" ?