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

Was there a COVID pandemic? Was it this high?

How high are you willing to let it go.

And please do not ever complain about Republican spending and deficits after supporting the Dems demand we just keep increasing deficits and debt to no end.

 

It is Congress who primarily controls the budget. The right didn't scream about the necessary money for COVID. It was the unnecessary like the last Trump bill and the even more unnecessary Biden even bigger bill on top of his stimulus.

But do tell me which side do you favor in this budget fight the side demanding we cut spending growth and get our fiscal house in order or the side that wants even higher deficits and more debt.

 

With all the same deductions and credits?

 

Do you want an even bigger crash in a few years?

 

I would disagree. Everyone is guilty if we default. But more guilt is the GOP, especially the Freedom Caucus, knowing that what they pass would not pass the next session. This hard-line approach never works in the long run and it is designed primarily to keep the base happy even at the expense of the country. The Debt ceiling is about paying today's bills on legislation that was passed in prior administrations. It will hurt most people who rely on government services from fishing to national parks to tax collection to pretty much everything. VA clinics will close and veterans will now have limited health care access. It has been proven that general hospitals may treat emergency care per the law, but they don't have the experience to treat veterans. People who are on SSI or rely on SSI will also have those benefits cut since that is paid by the general fund. People who are waiting to get onto SSDI or Medicare may now have delays. Banks and stock markets will get queazy, so your funds are at risk.

Thus, the hard right is the one most at fault for not allowing any flexibility and McCarthy is trying to keep them happy, but it will eventually fail. And this whole stint is to try to rewrite legislation that was passed using the legislative process in this bullying tactic. And that will not work in future budget deals, which should be the focus of a new budget, not the debt ceiling. This could all have been avoided with a simple debt ceiling increase, much like what the GOP did three times from 2017 to 2019.

 

You guys have been predicting that for 8 years under Obama. We spent more money under Trump than we did under Obama, which never happened. The big doom and gloom is the boy who cried wolf way too many times.

 

I guess you missed what I said about this being habitual, and congress raising the debt limit 78 times in the last 63 years.
IF you don't hold a hard line, it never works. That's why the debt limit doesn't work; they just re-write it every time they exceed it.

So long as there's an out and you never have to confront your excesses- you will not see them as problems. After all they have unlimited resources, at least until the people are all broke.

If not now- When? When do we draw the line?

 

Leftwing Gaslighting That Everyone Sees Through: Requiring able bodied people to work is mean!



'Money for nothing and chicks for free'

The Lying Fake News Spins a debt ceiling sticking point: "They’re about a commitment by the modern Republican Party to harm the poor, really" —@just_shelter



Get ready for the race baiters within the Left to claim RACISM!

Work by the able bodied is the key to breaking the unrelenting cycle of poverty.

 

There is no such thing as a hard line in the budget or budgetary process. We have increased the budget every year since this country has been founded. The debt ceiling was created in 1917, but that does not mean we always had a balanced budget. But in those days, the issuance of bonds was part of the budgetary process. So, it was easier to create the debt ceiling. So tell me, why did the GOP raise the debt ceiling from 2017 to 2019 when the GOP controlled the House AND Senate? Where were the so-called fiscal conservatives then? I will tell you, nowhere to be found because deficits don't matter, a repeat by Ronald Reagan in the 1980s. But we all know that this fight is not really about the debt ceiling at all, it is about rewriting past legislation that the Freedom Caucus did not like and lost. So, now they are bullying their way into getting them removed even though it will help the country out in the long run. And we can't have that now can we?

Furthermore, if you look at your own budget, I can guarantee you are paying more now than 5 years ago. So, I will get to reset your expenditure to what it was 5 years ago, even though everything else you cannot control will still go up.

So, we will play a little experiment: Here is your following budget:

Gas/Electric: $100 a month
Water/Sewage: $45 a month
Food since you are single: $100 a month, and that includes any time you go out to eat.
Mortgage: Whatever you are paying 5 years ago, that is what you are paying now.
Phone: $45 a month
Internet: $30 a month.
Incidental expenses such as repairs, clothes, etc: $75 a month
Gas: $20 a month.

BTW, if you don't use it, you lose it. And you will do this budget for the next five years. How much you want to be you will fail with this "hard-line" budget I proposed. And that is exactly what you and the freedom caucus are proposing. So your solution is even worse and totally undoable in any reality you can think of.

 

if the house of cards crashes, it's game over, time to reset the monopoly board

we would be like Russia when they went BK

 

there was a Covid Pandemic under Biden too

and was the economy better under Biden or Trump? if Republicans believe the economy was great under Trump, would that not of been the time to do it

 

which deductions and credits are you concerned the rich would not get?

 

Dude. Over 25% of the debt you kids don't wanna pay is tRump's.

Facts are facts are facts. Deal with it.

 

So you agree with Republicans spending like drunken sailors, but when Democrats spend less, they are the party with the spending problem. Got it.

 

Republicans demand the same, and more, while they are in power. They only pretend to care about the deficit and debt when Dems hold the WH.

 

People like to excuse spending under Trump and blame COVID.

What about the deficit in the years before that under him?

 

Nothing will happen this week but the debt ceiling will be sorted next week

 

Unfortunately, you are trying to teach someone who has gone from bankruptcy on the first business venture to founding 7 more that were successful; having made a few millionaires, having zero debt, and haven't paid a dime in interest in about 20 years now- and keep enough cash on hand to support me the rest of my life... and who has on several occasions paid 6-figure income taxes. I've been around the barn a time or two. I fully realize how the cost of things change- and pretty much know why they do. The trick is to outwit those forces, and you can't be a financial nincompoop and do that. I'm a little guy in the scheme of things, and my businesses are very small, just very well run. I'm always in the top 10% of taxpayers, last return in the top 2%.

It's not easy to be financially skilled and prudent, it's not human nature. It takes a level of self discipline that far too few have. But if you want the future to be better than the present, you'd better learn how to do it.
Until you can do it for yourself, telling government what to do is only going to confuse the picture.

 

No- that is the debts run up by a democrat congress that wouldn't cooperate with the president's plan. That, and the Covid contribution, which you can blame on Trump if you aren't too smart.

 

Probably will. Sooner or later they have to deal with it. Too bad they can't sit down like honorable people and discuss it rationally.

 

They never do.

You would need honourable politicians in the first place.

 

Yes, it would, and every office holder owes that to every American. Fix that, and you fix a multitude of problems at the same time.
A project to bring that about is in the works, I've been part of it for over a decade. We are within a couple weeks of presenting it nationwide, and of course it will be announced here.

 

This is not about bankruptcy, which is something people do to avoid paying debt but are still allowed to keep certain personal assets, renegotiate their mortgage rate and payment, and so forth. No such exists with the government and debt ceiling. The other thing is you either lead from the front or the rear. Leading from the front means doing exactly what you want others to do NOW, not in the past, but now. Or lead from the rear, which is rules for thee and not or for me sort of thing. I merely proposed something that is similar to what you want the Federal Government to do, regardless of your income stream. The problem is most don't. People spend based on their income stream and anticipated income stream, but if you want to cut something regardless of what the income, or taxation stream says. And that is why I proposed the budget the way I did, knowing full well, that based on your own lifestyle you will be paying far less than what you currently use right now. Do you have the mental and financial discipline to do this? My guess and bet is not which is what 99% of the people in this country do.

 

That’s all good, but this is not about budgeting. It’s about paying for things you have already agreed to pay.
This isn’t about running up debt on your credit card - it’s about paying off the card once you have bought something.
So - do you pay or do you just say, “screw this, I don’t want to pay for those shoes I bought last month”.

 

LOL! This is good. Please, enlighten us what the president's (Trump's) plan was that the Dems didn't cooperate with? What was his plan to not blow up the debt? BTW: He already blew up the deficit from $600 billion to $1 trillion BEFORE covid and when the GOP had all branches of government. So, no, you revisionist history, i.e. your feeling that Trump wouldn't have run up almost 25% of the nation's debt, if it wasn't for the Dems not cooperating, isn't based on facts, but your feelings. Now, how do you supposedly run many multi-million dollar businesses with a worldview not based on facts, but feelings, is beyond me.