As things stand now, House Republicans will cause the United States to default on its debts

The last plan McCarthy gave was yanked back by his radical right.

The idea of holding America hostage has been used by Republicans a number of times in the past.

It has NOT gone well for them.

 

McCarthy has proposals in hand as Biden demanded. Biden is still refusing to negotiate . He would rather the government default than do so so he can increase the deficits and debt even higher.

 

Because the Dems said it has to be a clean bill and then we will discuss spending. And each time they reneged. So why should Biden be believed now?

 

it's yet to be seen if republican decide to hold the country hostage or not

 

I don't understand your meaning but Ayn Rand has never been a guiding light in my life. Good author, though.

 

Payback, perhaps, for Pelosi not allowing his picks for the 1/6 committee. Politics makes smart adults act like children.

 

WOW!

You have NO respect for McCarthy!

 

I have no respect for any politician. To me they are second class citizens.

 

House Republicans simply are not very bright.

"President Trump famously declared during his 2016 campaign that he loved the “poorly educated” because voters with lower levels of schooling delivered an overwhelming share of votes to him," the conservative Washington Times.

On the other hand, they are speaking to their base. So, they can probably get away with it within the Republican Party. They do not seem interested in wooing the general audience for the purpose of subsequent general elections.

As things stand now, House Republicans are bent on causing the United States to default on its obligations to the American people, including Social Security and Medicare

Raising the debt limit will allow the U.S. to pay current debts. Future spending is an entirely different ballgame. Each new spending proposal requires a separate bill, separate negotiations between lawmakers, and a separate vote, often requiring 60 votes to approve closure.

House Republicans want to include future spending in their legislative action to approve an increase in the debt limit.

They face two major problems. They still have not offered which programs they intend to cut. Any bill the House approves along these lines is dead on arrival in the Senate.

NBC reports, "Speaker Kevin McCarthy announced Monday that House Republicans will vote on their own debt ceiling bill to empower the U.S. to meet its obligations until 2024."

“Since the president continues to hide, House Republicans will take action. So here’s our plan: In the coming weeks the House will vote on a bill to lift the debt ceiling into the next year, save taxpayers trillions of dollars, make us less dependent upon China, curb our high inflation,' McCarthy said.

With respect to McCarthy's crack about the President, he was being disingenuous. President Biden has refused to negotiate with McCarthy because the Speaker has nothing to negotiate. McCarthy has not offered any specifics on what he is proposing.

NBC continued, "McCarthy offered few specifics."

Then McCarthy offered some politics-speak on what his proposals will do once House Republicans can agree on what they are.

“Let me be clear. A no-strings-attached debt limit increase will not pass,” McCarthy said, adding of the [non-existent] forthcoming GOP plan: “It limits, it saves and it grows.”

 

House Republicans are spending all this time on a 320-page bill that is already dead.

They haven't even voted on it, and that outcome is seriously in question.

CNN reports, "House Republican leaders are still struggling to get to 218 votes on their package to raise the national debt limit – and are uncertain when they will be able to hold the vote, according to multiple GOP sources.

"While Republicans hadn’t yet scheduled the vote, they had made Wednesday their informal goal to lock down the votes and push their package through along party lines. It’s now unclear when the vote will occur.

"GOP leaders are warning their members that if they sink the bill, it would give President Joe Biden, who has thus far refused to engage in negotiations over raising the nation’s borrowing limit, the upper hand in the high-stakes fight. Note: President Biden already has the upper hand. McCarthy's bill is a complete waste of time.

CNN continues, "Republican leaders remain confident they’ll get the votes. But House Speaker Kevin McCarthy can only afford to lose four votes in the narrowly-divided chamber, and GOP leaders are facing resistance on several fronts within their own ranks."

“We will let you know,” McCarthy said Tuesday.

Spending bills sometime in the future has absolutely nothing to do with raising the debt ceiling to pay for current obligations such as Social Security and Medicare.

For that reason, if by some miracle McCarthy's 320-page bill is passed in the House, it is dead on arrival in the Democratically-controlled Senate.

 

It is McCarthy who is challenging the good sense of governance.

Raising the debt ceiling has become routine.

Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents. The debt ceiling was raised three times under President, who thinks it is foolish to use the debt limit as a bargaining tool.
"President Trump famously declared during his 2016 campaign that he loved the “poorly educated” because voters with lower levels of schooling delivered an overwhelming share of votes to him," the conservative Washington Times.

McCarthy and House Republicans are simply trying to make a minority of Americans happy, the Republican base of rural America. They do not think ahead of the consequences in general elections.

Republicans are making the debt ceiling issue and the abortion issue a losing proposition for the Republican Party.

 

Amen.

Republican legislatures are not watching their constituencies. They're sticking to their partisan cloakrooms without consulting the public.

That's even worse than their direction of refusing to consider discussing issues with the Dems in the House and Senate.


This recently happened in WA state (my home state up to a few months back). Republicans came away from the last election realizing they had pretty much flat out failed. Their post election analysis was that to lead in WA, they would need to change.

Their next step was to hold a party convention wherein they EXCLUSIVELY invited speakers who tout the positions that they just got through LOSING on!!

These Republicans are more interested in forming a suicide pact than they are in leading.

 

That is BS and you know it. Each time was a compromise when it happened. That the clean bill happened more often with the GOP controlling House, Senate and WH than the last four years. So your analysis is totally flawed.

 

YES a compromise on which the Dems always reneged on the cuts. When did they ever come through on them? Remember how they burned Bush41 and the no new taxes?

Now is the time to get some commitments as in agreed up spending limitations and cuts and plans on how this will be the LAST debt limit increase and then pass a bill. Then they can reject Biden's ridiculous budget submission and get to work writing the bills that make up the Omni-Bus bill, or better yet stop with the Omni and pass each bill separately and take them to reconciliation and then to Biden and challenge him to not sign them else he will be shutting down the government.

 

Evidently immigration proposals are threatening the debt-ceiling proposal or should I say the competing immigration proposals author’s are threatening to vote against McCarthy’s debt proposal. Can he focus his caucus enough to vote this week?

 

The statement should read, "The debt ceiling was raised three times under President Trump, who thinks it is foolish to use the debt limit as a bargaining tool."

 

Let me guess you agree with that and then turn around and blame Trump for an increase in the deficits and debt?

 

The Times reports, "House Republicans approved a bill aimed at capping government spending and rolling back parts of President Biden’s agenda in return for a one-year increase of the country’s debt limit.

"The House on Wednesday narrowly passed Republicans’ bill to raise the debt ceiling while cutting spending and unraveling major elements of President Biden’s domestic agenda, in a G.O.P. bid to force the president to negotiate over spending cuts or risk a catastrophic debt default."

Fat, freaking chance!

The President is more than happy to negotiate with Republicans on future spending. However, raising the debt limit allows our government to pay current obligations such as Social Security and Medicare. There is no chance whatsoever that our President will negotiate with McCarthy over an extremely unpopular bill that will never make it to his desk.

This bill recently passed by Republicans is already dead. If the GOP's rural base is cheering, they have no idea what is happening.

 

CNBC reports, "The final tally was 217-215. Four Republicans joined Democrats in voting against their party’s signature piece of legislation.
The vote was a victory for embattled House Speaker Kevin McCarthy.

Why does the media keep saying that? Because a Republican Speaker got a purely Republican bill passed in a Republican House. Are Republicans that desperate they need a shallow, meaningless victory?

Somebody explain why this is a victory for McCarthy.

"President Trump famously declared during his 2016 campaign that he loved the “poorly educated” because voters with lower levels of schooling delivered an overwhelming share of votes to him," the conservative Washington Times.

That's right, the forum's Republicans don't talk about Republicans. They only talk about Democrats.

 

House Republicans are holding hostage the debt limit increase which enables our government to pay its existing obligations.

Although future pending is, well, in the future, House Republicans will not agree to a debt limit increase until Congress and the President agree to cut future spending.

If Republicans continue on the path of holding the debt ceiling issue hostage, these are the brutal consequences if our government can't pay its bills.

The U.S. economy could quickly shed a million jobs and fall into recession if lawmakers fail to raise the nation’s borrowing limit before the federal government exhausts its ability to pay its bills on time, the chief economist of Moody’s Analytics, Mark Zandi, warned a Senate panel on Tuesday.

The damage could spiral to seven million jobs lost and a 2008-style financial crisis in the event of a prolonged breach of the debt limit, in which House Republicans refuse for months to join Democrats in voting to raise the cap, Mr. Zandi and his colleagues Cristian deRitis and Bernard Yaros wrote in an analysis prepared for the Senate Banking Committee’s Subcommittee on Economic Policy.

This is a victory for Kevin McCarthy?

 

Not a chance! Democrats want NO limit on future spending, or more precisely more federal debt and more creating money out of thin air.
I hope you understand that at some point this whole thing crashes into a pile of rubble.

 

What does that have to do with raising the debt limit to pay for current obligations like Social Security and Medicare?

I am not likely to get an answer to that question. It is an issue throughout this thread, and this Republican doesn't get it.

 

Social Security and Medicare are not the only items in the budget. Set priorities and cut the damn spending!

 

. . . Trump DID increase the deficit and the debt

 

Using Medicare and Social Security as 'the' reasons for raising the debt ceiling is like saying 'but it's for the CHILDREN!'. It is a weak, tired and worn out excuse for excessive spending across the board. The spending is unsustainable, and has been for a decade or two. If the reigns aren't pulled back, this country's economy WILL collapse and the dominoes will fall.