Biden declares himself 'blameless' if US defaults on debt: 'I've done my part'

Was the debt this high when others did it. Were there promises to cut spending if it was raised, cuts that never happened. How high can the debt go before we can no longer servce it?

 

Where is yours? I'd recommend that next time you vote for tax cuts, you should demand that they cut spending FIRST, and THEN cut taxes. THEN you can lecture others on the debt ceiling. Otherwise, your votes have contributed as much to the debt, or more as those of Democrat voters.

 

Currently
"The federal government has spent $925 billion more than it has collected in fiscal year (FY) 2023, resulting in a national deficit."

We are ontrack for over $1,500B which will top the previous Obama\Dem Congress of $1,400B non-COVID record.

 

So when the left controls congress, it is “the left” who spent the money. When the right spends it, its on both sides ?

The right in this country screamed on high about spending money on CV, yet the spent it. They controlled the purse, so they spent it. But that $1.8 trillion was 1/3 of the $6 trillion spent under their watch….what was the other $4.2 trillion on ?

 

I do support that….but thats not what hes bitching about. McCarthy refuses to admit/accept/orate that it was his party that spent the money, yet wants to refuse to pay for it in this congress to hurt dems in the next election.

Mr 20 votes to gain the speakership, is playing politics and hes very bad at it

 

Of the $6 trillion spent during the Trump/Republican term, only $1.6 trillion was covid…..they spent $4.2 trillion 1/5th of our entire national debt on Republican policies….

 

The Democrats spent trillions on Covid relief and still cried poor mouth, asking for more. I don't see you complaining about that.

Biden Complains About COVID Funds After Already Spending $6 Trillion (reason.com)

 

From a sitecalled "The Balance"-

The U.S. federal budget deficit reached $2.8 trillion for the fiscal year 2021.
It was the second-highest deficit since 1945; the 2020 deficit of $3.1 trillion as a result of the COVID-19 pandemic takes the top spot.

From Marketwatch.com-

Apr 12, 2023The U.S. budget deficit hit $1.1 trillion in the first half of fiscal year 2023, the Treasury Department said Wednesday, up 63% from a year ago.

Regardless of who yu blame it on, this can't go on like it won't ever come back on us.

 

So Congress passed a budget and now wants to change it by threatening default? How do think of that as Biden not doing his job?

And Congress hasn’t passed a debt limit increase.

 

You should heed your own advise. Nearly $4 trillion in added debt sine taking office.

 

That wasn’t “the Democrats”. It was Congress and signed by DJT.

 

Yep, and Trump signed the checks. Of course, when I posted about the Trump signature on my covid relief check back in 2020, I was called a liar, until it became widely known in media. These people view Trump with rose-colored glasses, and they would happily install him again for four more years, exploding the deficit again. And they'd still blame the Dems for it. The mental disconnect is really staggering.

 

so under Trump it was not too high?

 

yes, we could crash the house of cards at anytime... but do we want too?

 

I don't vote for tax cuts, nor do I vote for welfare-A-plenty either like the Democrats do! But, if I did vote that way, I'd certianly be more apt to vote any program that helped create jobs, and never one that promotes laziness and this GIMMIE-GIMMIE generation we see today

 

The house passed a budget and debt limit increase.
The Senate, controlled by Dems, has not passed anything.
The President, controlled by Dems, has not signed anything.

Who has done their job and who hasn't?

 

Let me guess. You didn't read the article because you certainly did not refute what I quoted.

 

There’s nothing for Biden to do yet.

 

Next years budget doesn't need to be negotiated? That's great news! Joe just gets to set the numbers himself??

That's wonderful.... what's your source on that?

 

Whoever this Biden fella is, he's a lying piker compared to TFG.... whattya got there, maybe 60 in 15 years...

With Mango, 60 is called noon...

 

You would be wrong. I stopped support for “covid relief” when the money went to corporations and to medical research 2 years after the pandemic

I agree.

Time to start talking corporations the same rates they tax citizens. Their current effective tax rate as of 2019 was 4.6%

 

No, we don't want to crash it- what we should want is to clean it up, not keep it going over and over, spiraling out of control.
There is a proposal now to raise the debt limit but that also imposes spending cuts. That's a Republican compromise- and the Dems aren't having it.

 

Not sure where you come up with that, but the corporation tax rate was 21% last I heard.

From Tax Foundation-
Corporations in the United States pay federal corporate income taxes levied at a 21 percent rate.

From Corporatetax.com-
On Jan. 1, 2018, the corporate tax rate was changed from a tiered structure that staggered corporate tax rates based on company income to a flat rate of 21% for all companies.

 

And it's like 1% or something like that

 

return the tax rates on the rich to what they were under Reagan, stop wasteful spending, tax foreign outsourcing and foreign imports

over a 1\3 of our debt is from the needless 20+ year wars, and 25% of our debt happened under Trump, that is when the republicans should have been doing this, when they had control