McConnell caves-in on debt ceiling, giving Dems what they want.

How is defaulting on the country’s debts a political issue?

 

Except that by doing what they did, they put the country’s credit at risk.

The debt ceiling is stupid and should be eliminated.

 

The country is wrong. And of course he had a choice. This nonsense about default on debts is a red herring designed to bring fear to the public. In order to default, the government would have to choose to default. Failing to raise the debt would only limit spending at best. Government prints money all the time to pay bills. It is corrupt beyond belief and I think McConnell is no less so than every other politician.

 

Because failing to raise the debt ceiling wouldn't result in default. It would only be an inconvenience to the spenders in congress.

 

It would prevent the country from paying its debts when the become due. Yes, that would be a default.

 

Did you want him to refuse to make minimum payments on the $5.2Trillion his party helped put on credit card last year just so he can blame it on the opposing party? That kind of sabotage is below the belt, but unfortunately it has been the name of the game in DC for some time now.

Its funny how they want to limit spending when they are in the minority, and increase spending when they are in power.

No one does, but everyone wants to take full credit when things go well.

 

Whe hear the same old hair on fire nonsense every time the need to raise the debt ceiling comes up. Trust me a deal will be made as it always has. Has our government ever defaulted on its debt?

 

When/if the people united ever make the state divert the revenue from government boondoggles to individual workers' accounts politicians will be eager to balance the budget and reduce the debt.

 

And we're just as they hoped, blaming ONE ANOTHER on a silly political platform while they stroke each other living the high life

 

Reducing spending is not reducing the debt. But hey I have it on good authority that Democrats are not mathematicians. Granted no real news to many Conservatives, but the honesty from their/DNC Overlords is refreshing and if I might add delicious

 

Only if the administration decided to default. The credit limit certainly wouldn't cause it. Don't buy into the government fear mongering. They will stop at nothing to get what they want.

 

Prediction: In December they'll 'kick the can' again! They could conceivably go ON kicking the damn can into next year. Practically speaking, what would stop them from doing that -- especially as we remember that 2022 is an election year...?

 

How much money is the withdrawal from Afghanistan saving?

 

Whatever we 'save' by no longer supporting a corrupt bunch of collaborators and thieves in Afghanistan will probably be diverted into increased spending on military support of various kinds on Taiwan -- until Xi Jinping decides the time is right to simply walk in and take it over....

Xi'll wait until after our 2024 election to 'absorb' Taiwan so that he won't have to be concerned about dealing with anyone but either Geriatric Joe or Kamala-la-la.

 

Not yet. But this creates a risk every time. It’s stupid and, once again, both parties used it to try to play politics.
Much better to get rid of it.

 

I dont accept that governemnt can't "balance the budget" because they never have. They need to, and should operate in a financially responsible manner.

 

No doubt they have done this in the past but we have to understand what they are doing is tying paying for past expenditures to receiving concessions. We will not pay for whatever we have already agreed on spending in the past unless you agree to our terms for the future.

 

Behaving in a fiscally responsible manner necessitates paying the bills one has incurred.

Attempts to portray the need to tackle the debt ceiling as an effort to pay for Democrats’ budget resolutions that are yet to pass Congress amount to disinformation...

The overriding reason for raising the debt ceiling stems from the fact that the US needs to borrow new money to pay the principal and interest on around $8 trillion of debt that was incurred over the course of the Trump administration.

In recent years, the majority of the increase in the national debt has come at the hands of Republicans, and lifting the debt ceiling merely allows the treasury department to pay existing debts by taking on new debts.

https://www.msn.com/en-us/news/poli...us-debt-ceiling-deal/ar-AAPh189?ocid=BingNews

Raising or suspending the debt limit has no direct impact on the size of the national debt, nor does it allow for or restrict any future federal spending. Lifting the debt limit only gives the federal government the ability to pay expenses previously authorized by presidents and Congress... The fact that they're running into the debt limit now is not because of current spending proposals.

It's all the spending that's been authorized up until this point.
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McConnell is insisting that Democrats must override his unprecedented filibuster to pay Trump's tab.

“I’M THE KING OF DEBT!
I’m great with debt!
Nobody knows debt better than ME!”
https://www.politico.com/story/2016/06/trump-king-of-debt-224642
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It's just politics. You use whatever leverage you have to get bills past.

 

You want to give politicians an open check?

 

There will come a day when our National Debt will put us on the brink. Our government needs to keep the debate open so as to keep their eyes on the growing national debt.

 

Again everyone knows what it is. I can understand why a politician would defend this. I just can't understand why a voter would unless it isn't policy that is important only loyalty to the party. From a voter perspective pay for what you spend. This is what every citizen needs to do. If you do not like what we pay for in the future do something about it but do not default on your debts. To argue anything else is not fiscally responsible.

 

Biden says he doesn't need it raised for his massive spending plans because it has ZERO cost.

First, anyone who thinks they have outmaneuvered McConnell should check their pockets.
Second, I COMPLETELY support the US government living within their means.

In the final year of Bill The Zipper's presidency we spent $1,908.09B. In today's dollars that's $3,031.30
In 2021 we spent $6,794.469B

Why shouldn't the Federal Government live within it's means?

 

Trust me they'll get it done even if its at the eleventh hour. It's called let's see who blinks first.

 

Because they're spending other peoples money. Would you stay within your means if you were spending other peoples money?