Senate Republicans are considering whether or not to stage a fight over the debt ceiling, which could need to occur by the end of this month.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1381060
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1381060
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Breaking: sun expected to rise in the east tomorrow morning. More news as this situation develops.
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Their was no debt ceiling for the self-serving profligacy of TFG.
The issue wasnât even raised by the reactionaries, whoâre now considering it for the current administration.
Of course, the beneficiaries of the spending are very different.
Maybe the Democrats should talk about that.
ETA: Or, are they supposed to still be âfraid of beinâ called âclass warriors?â
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OT-weâll be burping up new details, new indictments, and hopefully, new convictions for decades to come:
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Bipartisanship: The National Debt increased $7.8 trillion under Twice Impeached. Weâll talk to you about profligate spending when we get there.
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brinksmanship
Still no suggestions from any conservative about ways to fix real problems that affect you and I.
Brinksmanship. Insurrection. Authoritarianism. A pretty lousy Republican platform.
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They ALWAYS think itâs time for this.
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âThe debt ceiling only matters when Democrats hold power, if Republicans are in control there is no debt ceiling, as everything they want to do is only in the best interests of the nation and will grow the economy to new heights, and therefore any debt from it is impossible.â
Yep, that sounds about rightâŚRepublicans only care about it when Democrats might spend money to help people that arenât right, white Americans.
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Fucking billionaire who help defraud the US govât says:
âI think people agree with me. I think Republicans agree that we have too much debt and that we have to figure out how to live within our means,â he said at the time.
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Didnât the GOP lose the House the last time they did this nonsense?
Some folks just never learn.
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A non-story? Maybe not. We could see some huge changes in spending priorities, so this may be preemptive. Cramer comes from North Dakota, which has long been frackin the Bakken. Just this week the EU is preparing to move forward under the long-discussed Carbon Border Adjustment Mechanism, which is necessary for companies in the EU if they are to stay competitive and still reduce carbon emissions by 55% by 2030. The idea is that tariffs will be imposed on the embodied carbon in products imported into the EU. Thus, to avoid the CBAM slam, companies outside the EU also have to reduce the carbon-intensity of their products. This directly impacts e.g. traditional cement and steel made in China, while favoring novel cement production such as in Morocco. Indirectly, this affects non-traditional hydrocarbon producers such as you have in North Dakota. Already, you hear the same âBlue Hydrogenâ song being sung like in Russia, so at least Putin and Cramer are on the same page. (The EU aspires to a Green Hydrogen economy in 2040.)
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Thatâs not a bad thing. LOL.
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I think it just may be time to end the debt ceiling bullshit for good: all bills passed will automatically be funded. Good item for passage by reconciliation I would think since it is a finance issue.
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âI think Republicans agree that we have too much debt and that we have to figure out how to live within our means.â
Senate Republicans are publicly providing arguments for rolling back the Trump tax cuts?
Cool!
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The Dems need to build and pursue a strategy of hammering the fucking Republicans for being incompetent a-holes, no different from that one asshat in every workplace who does nothing but screw things up. Beat the shit out of them over this.
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Thatâs about $2,1 trillion a year right there. Yellenâs global minimum 15% corporate tax would also keep companies from offshoring profits to tax havens.
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Having read Paul Krugman over the years, when interest rates are low like today, borrow. Then when interest rates and inflation rise, your debt is decreased.
Or to put another way, there is no good economic argument against raising the debt ceiling. There are, however, many bad arguments like the disaster that would ensure if the U.S. Government were to default on its debt.
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No, they gained the House and Senate despite pulling this nonsense when Obama was in office. Racism is a strong drug within the GOP economy.
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The US is unique in this budget drama. Indeed, there is room to grow production of public goods and services, increase taxes and reduce the overall debt-to-GDP ratio. Denmark, for example, has a larger public economy, taxes more heavily, has a public debt to GDP ratio thatâs only about a third of the USâ, and its people are happier. Oh, and wealth and income disparity is much lower in Denmark.
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I guess I was thinking about the Newt Gingrich period.
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