Here is what I mean about goobers not doing their job… remember there are 5 days to the deadline…
McCarthy leaves Capitol without a deal on debt ceiling
From CNN’s Haley Talbot and Kristin Wilson
House Speaker Kevin McCarthy left the Capitol on Thursday evening with no deal on the debt ceiling, saying there was back and forth with the White House but that hammering out an agreement wasn’t easy.
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A competent leader would stay in the trenches but Kev leaves with no fix in the offing. Kev, I have a sword for you…
I have a question about the latest spin in the NYT:
I thought the Republicans had a rule that they wouldn’t pass anything that required Democrat votes. If they do need Hakeem to come up with votes, isn’t that the end of Kevin McCarthy’s speakership? is the NYT just in denial?
I understand McCarthy will need at minimum 100 Dem votes to bring whatever deal on the
debt to the floor for a vote. It has to have both sides of the House vote
Republicans have asked Secretary Yellen – the former head of the Federal Reserve – to double-check her math, because the June 1st deadline seems early.
No need to worry. Republican politicians are on it.
Don’t know if this is the plan, but I think it play out like this:
When the X-day (is that what they’re calling it?) actually arrives, I expect the President to go before the cameras and say to the country words to effect of: “I will not ignore my duty to faithfully obey the Constitution under the 14th and throw the American people under the bus. I have instructed the treasury to continue issuing USDs as needed to meet our obligations as they come due.”
What I don’t know is how that will play in Peoria.
Democrats can’t be depended on to use the power available to them for the benefit of the nation. Republicans can, however, be depended on to use their power to benefit themselves. Hope I’m wrong here.
Biden can’t be be bullied by that possibility. Ultimately there is a separation of powers issue here. He can and should simply ignore them if they issue a partisan decision. If it results in the dissolution of Democracy so be it. We’re basically there anyway.
If it involves rolling back a single thing or program it should be a big fat NO. Those things can be discussed in the context of budget negotiations … as they have always been.
So, which rules and laws should the Democrats ignore? Have you contacted any of the relevant offices and laid out your argument for overriding inconvenient legal constraints?
I mean, you’re just not Underpants Gnome-ing this, right?
Fine, but how does getting angry about it help? It feels good in the moment, but if you don’t have any specific action in mind to harness that anger, then it accomplishes nothing.
And if the Democrats are equally blameworthy, then they are equally untrustworthy, so what’s the point in any kind of political participation, yes?
Um, he’s minority leader, which is worth even less than the warm bucket of spit value of being vice president. He got all 213 democrats to sign the discharge petition. Job done.
What matters is how it plays on Wall Street and in bankers’ boardrooms. Banks can’t buy t-bills that might suddenly drop 30-70% in market value overnight.
