How am I certain the debt ceiling will be raised? Politicians are self serving. Once checks stop being paid out, entitlement recipients will start getting really angry at them all, regardless of party. If politicians had the balls (i only could dream of this) not to raise it, riots would break out sooner than later, as a huge sector of our economy is dependent on government spending. And if this dystopian fantasy of libertarians came to pass, our country's credit rating would head straight down the toilet, thus us defaulting on all our bonds which are sitting on nearly every governments balance sheet, which then would cause these countries to go into a depression, which then would lead to a massive global war. The funding will happen. And if the Federal Reserve starts printing money w/out congressional approval ..... that would be very bad.
It’s a tricky issue and the political establishment would prefer not to rock boat right now and instead wants a crisis to occur that forces action.
The debt ceiling is a manufactured crisis that is being manufactred by one group of people. Has nothing to do with being a social security scold or honestly anything you are talking about.
Wake me up when it's over. Per the nature of high-stakes negotiations, nothing will be resolved until the last minute. Meanwhile, both sides want to activate my political voice by getting me all riled up to increase their bargaining power for that final resolution. Here's my voice: I don't want any budget cuts to be made. It might happen, and I won't think any less of Biden if he has to concede some ground. But I'm not going to be on tenterhooks for the next 3 weeks, trying to read the tea leaves on whether cuts will be made, which ones they are, or whatever. What will be will be. Then, at the next election my policy will be the same as 2020: there is still a blanket ban on all Republicans on the ballot so long as Trump is running, and I still have complete confidence in Biden for president.
Why should biden even entertain cuts? That's ridiculous. He has to stand firm. What pisses me off is how none of the "squad" @fchowd0311 have bidens back. These cosplay socialists pretend to be progressive but then in tough moments always disappear. Same folks disappeared during Afghan withdrawal. Progressive movement in America is the biggest grift I've ever seen. It's leaders (aoc, Nina turner, talib) are the biggest airheads in America. I find it hilarious when @DonnyMost talks about a political revolution when progressives in congress are the biggest morons in DC. Biden is 1000x more efficient and progressive than aoc and the other clowns.
My guess here is that if "The Squad" starts chanting "Mint the coin" it's probably counterproductive from Biden's angle. Might as well have reasonable Biden on one side and the House Terrorists on the other. No need for more actors. But, you know, the reasonable thing is actually to just mint the coin/14th, it's just that our messed up institutions pretend like it's not.
I'm not asking aoc to say we should mint the coin. But she should 10000% be out there laying out to folks why we have to raise the debt limit. She's not doing anything. She hasn't said anything nor has the squad. When it comes to tough moments and decisions the squad always disappears in thin air. It's a long documented history and they did same thing in ukr invasion and Afghan war. Progressives can never make tough governoring decisions. They have no idea how to take tough stances. Being a social media cosplay actress is much more fun to them then actually governoring. I find it hilarious how we have posters here brainwashed into thinking they're somehow effective or they'll pass Medicare for all. This is what I'm worried about
For new legislation that needs Congressional majority votes.... yes. For literally paying our debts which were wracked up by spending from previous REPUBLICAN and Democratic governments before him no. The Constitution literally says "The Debt Shall Not Be Questioned." Not raising the debt ceiling is... according to the text... is Unconstitutional. It has no bearing on political legislative agendas. It is literally paying the tab at a restaurant for what your kids ordered. What you are inferring here would be paramount to me going to a restaurant, my family wracking up 3000 bucks in food and drinks, and then going to the restaurant manager to say that you'll only pay your tab if you give me half of what is in the safe in the back. If you don't do this, I'll burn the restaurant down... oh and by the way, my brother is the chief of police so don't you dare calling the cops. THIS IS NOT NEW LEGISLATION. This is literally the Republicans refusing to allow the Executive Branch to pay our national bills. It is Economic Terrorism plain and simple. So I'll answer your question with a question.... Do you personally believe in negotiating with terrorists??
Ukraine could pay us back. And we could stop giving them money. But yet, here we are rambling about subjects that doesn't matter. Fact is SS and Medicare make up most of this. It's not the current or the previous admistrations. It's decades of entitlements.
What are you blabbering about. Ukraine funding has nothing to do with raising the debt ceiling. If we hadn't given ukraine a single dollar we would still be needing to raise the ceiling on the exact same week. I can't beleive I thought you were knowledgeable at one point.
Nope. It’s both true that the debt ceiling is manufactured and that we are running into some serious issues with Medicare and SSN in the early 2030s. My original post was highlighting how unserious the GOP is about the debt when they don’t touch entitlements or ethanol subsidies.
Pretty easy to follow along when you pay attention and don’t freak out when someone mentions entitlements.
I would consider Con proposals if they didn't inflate the debt by 8T with Trump adding 2T of it pre-covid as a handout to his buddies and sycophant lobbyists through tax cuts. In fact, disproportionate 3-for-us:1-for-you tax cuts are the biggest and predictable bait-and-switch by Cons where every Dem president forced with "Austerity Ultimatums" to trim the belt are usually punished, then later the next Republican president rewards themselves with the savings by adding on more to the debt. The party of fiscal responsibility not forced to make responsible fiscal decisions??? Say it aint so!!! [Americanprogress]Tax Cuts Are Primarily Responsible for the Increasing Debt Ratio Without the Bush and Trump tax cuts, debt as a percentage of the economy would be declining permanently. It's so predictably sociopathic and parasitic that profit-only markets rally in anticipation for their all-you-can-eat handouts without the President-elect saying anything concrete regarding domestic policy. I'd say Americans deserve better, but we're evenly divided between haves and have-nots, where the haves ultimately understand playing the Con game is mostly a safe bet (our indoctrination by both parties with the mantra of "the Money justifies the Means"), and there's so much to go around, you might as well get yours and help the economy by either spending or adding a underpaid job or two. Give it a good shake after trickling down your success. All while the debt clock races past 30T regardless of the party in power.
Nah, he shouldn't. Let the economy go down in flames. We will be happy to thank the house republicans for not wanting to pay the bills.
