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Can Republicans Solve the Fake Debt Ceiling Crisis They Created?

  
By:  al Jizzerror  •  last year  •  82 comments


Can Republicans Solve the Fake Debt Ceiling Crisis They Created?
Kevin McCarthy and his fellow Retrumplicans decided to make the debt ceiling a political football

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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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al Jizzerror
Masters Expert
1  author  al Jizzerror    last year

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.

 
 
 
devangelical
Professor Principal
1.1  devangelical  replied to  al Jizzerror @1    last year

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. 

 
 
 
bbl-1
Professor Quiet
1.2  bbl-1  replied to  al Jizzerror @1    last year

In reality McCarthy isn't the problem.  He's the 'coffee boy'.

 
 
 
Ender
Professor Principal
2  Ender    last year

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....

 
 
 
Snuffy
Professor Participates
2.1  Snuffy  replied to  Ender @2    last year

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.  

 
 
 
Ender
Professor Principal
2.1.1  Ender  replied to  Snuffy @2.1    last year

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.

 
 
 
Snuffy
Professor Participates
2.1.2  Snuffy  replied to  Ender @2.1.1    last year

I disagree.  The Democrats control the Senate and the Republicans control the House.  The two sides must negotiate to pass anything.  

republican wish list which they say they will not back down on.

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. 

 
 
 
Ender
Professor Principal
2.1.3  Ender  replied to  Snuffy @2.1.2    last year

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.

 
 
 
Ender
Professor Principal
2.1.4  Ender  replied to  Snuffy @2.1.2    last year

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?

 
 
 
Sean Treacy
Professor Principal
2.1.5  Sean Treacy  replied to  Ender @2.1.1    last year

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.

 
 
 
Ender
Professor Principal
2.1.6  Ender  replied to  Sean Treacy @2.1.5    last year

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...

 
 
 
Snuffy
Professor Participates
2.1.7  Snuffy  replied to  Ender @2.1.3    last year
From what I can gather, the debt ceiling thing is what still needs to be paid from the previous years budget.

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.

 
 
 
Snuffy
Professor Participates
2.1.8  Snuffy  replied to  Ender @2.1.4    last year
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?

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?

 
 
 
Ender
Professor Principal
2.1.9  Ender  replied to  Snuffy @2.1.8    last year
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.

 
 
 
JohnRussell
Professor Principal
2.1.10  JohnRussell  replied to  Ender @2.1.4    last year

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. 

 
 
 
Snuffy
Professor Participates
2.1.11  Snuffy  replied to  JohnRussell @2.1.10    last year
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.

 
 
 
George
Junior Expert
2.1.12  George  replied to  Snuffy @2.1.11    last year

The econoterrorist democrats will crash the economy before negotiating in good faith.

 
 
 
devangelical
Professor Principal
2.1.14  devangelical  replied to  Sean Treacy @2.1.5    last year
unconstitutional assault on the separation of powers under which Biden the dictator usurps the  power of the purse from the legislative branch.

he swore an oath to defend the constitution, even though that's meaningless to most republicans.

 
 
 
Ronin2
Professor Quiet
2.1.15  Ronin2  replied to  devangelical @2.1.14    last year

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.

 
 
 
bbl-1
Professor Quiet
2.1.16  bbl-1  replied to  George @2.1.12    last year

What does faith have to do with anything?

 
 
 
Drinker of the Wry
Senior Guide
2.1.17  Drinker of the Wry  replied to  JohnRussell @2.1.10    last year

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

 
 
 
JBB
Professor Principal
2.1.18  JBB  replied to  Drinker of the Wry @2.1.17    last year

What of the waste at the Department of Defense, military retirements and such?

There is a lot of mismanagement there!

 
 
 
Drinker of the Wry
Senior Guide
2.1.19  Drinker of the Wry  replied to  JBB @2.1.18    last year

How are military retirements mismanaged?

 
 
 
al Jizzerror
Masters Expert
2.1.20  author  al Jizzerror  replied to  Drinker of the Wry @2.1.17    last year
Social Security, Medicare and other health-care costs which are the major drivers of our fiscal imbalance

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.

 
 
 
Split Personality
Professor Guide
2.1.21  Split Personality  replied to  Drinker of the Wry @2.1.17    last year

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.

 
 
 
Split Personality
Professor Guide
2.1.22  Split Personality  replied to  JBB @2.1.18    last year
What of the waste at the Department of Defense,

Historically, yes they have a few whoppers that color the public's view, perhaps unfairly for the whole of the services.

military retirements

As in what exactly, the cost of a cake when someone makes it 20 years?

and such

could you be a little more specific?

 
 
 
al Jizzerror
Masters Expert
2.1.23  author  al Jizzerror  replied to  Drinker of the Wry @2.1.19    last year
How are military retirements mismanaged?

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"?

 
 
 
Drinker of the Wry
Senior Guide
2.1.24  Drinker of the Wry  replied to  al Jizzerror @2.1.20    last year

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.

 
 
 
George
Junior Expert
2.1.25  George  replied to  al Jizzerror @2.1.23    last year

And in the original bill that was sent to the Senate all that was protected. So exactly what was Biden holding out for?

 
 
 
al Jizzerror
Masters Expert
2.1.26  author  al Jizzerror  replied to  JBB @2.1.18    last year
What of the waste at the Department of Defense

Defense cuts are the "third rail" to Republicans.

That's like "Hammer Time" to them.

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Drinker of the Wry
Senior Guide
2.1.27  Drinker of the Wry  replied to  al Jizzerror @2.1.23    last year
I see that you have bought in to the Republican nonsense about "entitlements".

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.

Don't YOU receive "entitlements?

Yes, military retirement and Medicare.

 
 
 
Drinker of the Wry
Senior Guide
2.1.28  Drinker of the Wry  replied to  al Jizzerror @2.1.26    last year
Defense cuts are the "third rail" to Republicans.

In the fifties, defense spending was 70% of the federal budget, last year it was 13%.

 
 
 
al Jizzerror
Masters Expert
2.1.29  author  al Jizzerror  replied to  Drinker of the Wry @2.1.27    last year
Mandatory spending is estimated to be 63.5% in five years.

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.

 
 
 
Drinker of the Wry
Senior Guide
2.1.30  Drinker of the Wry  replied to  al Jizzerror @2.1.29    last year
That's why the cap on the FICA tax should be removed so the rich would be taxed on all of their income.

Why haven’t the Dems proposed it in legislation?

Bill Clinton demonstrated that by running the four largest budget SURPLUSES in US history.

That was because Al Gore invented the internet.

 
 
 
George
Junior Expert
2.1.31  George  replied to  al Jizzerror @2.1.29    last year

The house controls the purse strings, Bill Clinton vetoed Gringrichs budget because he wanted more spending.

 
 
 
bbl-1
Professor Quiet
2.1.32  bbl-1  replied to  al Jizzerror @2.1.20    last year

Or at least a half of it.

 
 
 
Bob Nelson
Professor Guide
3  Bob Nelson    last year

Why is Biden "negotiating"? Let the Republicans break the world's economy. It will take something that big to penetrate TrumpTrueBelievers' skulls. 

 
 
 
Hallux
Professor Principal
3.1  Hallux  replied to  Bob Nelson @3    last year
It will take something that big to penetrate TrumpTrueBelievers' skulls.

I doubt it, and then what?

 
 
 
Sean Treacy
Professor Principal
3.2  Sean Treacy  replied to  Bob Nelson @3    last year

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.

 
 
 
George
Junior Expert
3.2.1  George  replied to  Sean Treacy @3.2    last year

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.

 
 
 
JBB
Professor Principal
4  JBB    last year

It is getting to where, "Republican", is a slur...

 
 
 
MrFrost
Professor Guide
4.1  MrFrost  replied to  JBB @4    last year

It is getting to where, "Republican", is a slur...

They had no problem making the word, "Liberal" a slur. 

 
 
 
JBB
Professor Principal
4.1.1  JBB  replied to  MrFrost @4.1    last year

Exactly!

 
 
 
bbl-1
Professor Quiet
4.2  bbl-1  replied to  JBB @4    last year

Republicans aren't 'slurpies'.  Right?

 
 
 
sandy-2021492
Professor Expert
5  sandy-2021492    last year

They're not interested in solving it.  They only want to deflect blame for it.

Kevin McCarthy has managed to put himself on political thin ice.

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.

 
 
 
Ender
Professor Principal
5.1  Ender  replied to  sandy-2021492 @5    last year

All I have heard was basically, here is what we want. Pass it or it is your fault...

 
 
 
bugsy
Professor Participates
5.1.1  bugsy  replied to  Ender @5.1    last year
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.

 
 
 
bbl-1
Professor Quiet
5.2  bbl-1  replied to  sandy-2021492 @5    last year

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.

 
 
 
George
Junior Expert
7  George    last year

If you have the copyright show it, I have seen that term used elsewhere. 

 
 
 
al Jizzerror
Masters Expert
7.1  author  al Jizzerror  replied to  George @7    last year
I have seen that term used elsewhere.

WFT?  What fucking term?

 
 
 
George
Junior Expert
7.1.1  George  replied to  al Jizzerror @7.1    last year

Can’t help if this site sucks for mobile platforms,

Econo-terrorist is the term.

 
 
 
al Jizzerror
Masters Expert
7.1.2  author  al Jizzerror  replied to  George @7.1.1    last year
Econo-terrorist

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.

 
 
 
George
Junior Expert
7.1.3  George  replied to  al Jizzerror @7.1.2    last year

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? 

 
 
 
bbl-1
Professor Quiet
8  bbl-1    last year

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.

 
 
 
devangelical
Professor Principal
8.1  devangelical  replied to  bbl-1 @8    last year

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.

 
 
 
al Jizzerror
Masters Expert
10  author  al Jizzerror    last year

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.

 
 
 
Split Personality
Professor Guide
11  Split Personality    last year

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.

The first debt limit was established to give the Treasury autonomy over borrowing by allowing it to issue debt up to the ceiling without congressional approval, making it easier to finance mobilization efforts in World War I. Before that, Congress generally had to authorize the Treasury to borrow in smaller increments.

But the U.S. began accumulating more debt as it got involved in more wars abroad. After entering World War II, the U.S. raised the debt limit every year to accommodate increased borrowing. According to the Bipartisan Policy Center , “By the end of the war, in June 1946, the debt limit is lowered to $275 billion as war costs dissipate and the federal government begins to run three years of surpluses. The federal debt limit remains unchanged at this level for eight consecutive years – the longest such period since its inception.”

In the last two decades, the U.S. has added $25 trillion in debt, spending nearly $1 trillion more than it receives in taxes and other revenue every year since 2001—in large part due to financing wars, tax cuts, emergency responses, and expanded federal spending. To make up the difference, the government has to borrow money to continue to finance payments that Congress has already authorized.

Now that the U.S. has hit its limit, unless Congress raises or suspends the debt limit, the federal government will lack the cash to pay all its obligations.

How many times has the debt limit been raised?

Since 1960, Congress has raised, extended, or revised the debt limit 78 separate times, of which 49 were under Republican presidents and 29 were under Democratic presidents, according to the Department of Treasury. In each of those instances, Congress took action on the debt limit before the nation defaulted.

But in recent years, raising the cap has become an increasingly political issue, particularly when power in Washington is divided. Since the debt ceiling is one of the few must-pass bills, both parties have tried to use the vote as an opportunity to take a political stand and exact concessions, blaming the other side for its profligacy.

History of the Debt Ceiling: What to Know | Time

It is an artificial fight whose time should have ended long ago.

 
 
 
al Jizzerror
Masters Expert
11.1  author  al Jizzerror  replied to  Split Personality @11    last year

                jrSmiley_81_smiley_image.gif jrSmiley_13_smiley_image.gif

 
 
 
Drinker of the Wry
Senior Guide
11.2  Drinker of the Wry  replied to  Split Personality @11    last year
Did not see anything on Obama.

 “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….”

 
 
 
Split Personality
Professor Guide
11.2.2  Split Personality  replied to  Drinker of the Wry @11.2    last year

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. jrSmiley_99_smiley_image.jpg

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" ?

 
 

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