11 days until your SS checks might be interrupted

yes because of those IOUs and the processing of those checks to be sent out. The processing is funded by the general fund. the first check may come in June, but not July and onward if it continues. The debt we currently have would be now worthless, which will raise interest rates significantly, the bond yield will drop to junk status, and so forth. It's a domino effect. But the debt limit affects both discretionary and nondiscretionary funding. So, once that is exceeded and defaulted, everyone is affected.

 

It is not want, but will happen because the Treasury secretary has no choice.

 

Or you could urge the Freedom Caucus to go to hell and let reasonable people negotiate.

 

How about slowing down the increases in Federal Government spending? “Reasonable” approaches to spending also apply to the far left Democrats.

 

Yes we did that with sequestration and the GOP was the first to break that agreement.

But again, if we raise the debt limit by $3 trillion and two years, and keep a 1% growth on all spending, would that work for you? It will not work for the Freedom Caucus who now want more cuts than that paltry slow growth rate. And that will get bipartisan support. But McCarthy will lose his job as Speaker and we will go through another 15 rounds plus again for a new speaker.

 

Cheering righties may get upset if their ox is gored. Shutting down government services like issuing passports, worker visas, reducing agents at borders and border crossings... it could wipe the smiles off some of their faces.

 

The easy way to slow spending is not to vote for it.

 

Sure as hell, someone will pay if this goes too far.

 

Is this a prelude to you labeling the debt ceiling flap as "fake news?"

 

The investor class isn't hurting.



They made out quite well during covid, so how about a surtax on high incomes?

 

Good luck selling the GOP cuts in that bill.

 

The Ukraine? That's like showing no empathy for a rape victim. Bob Gates thinks a victorious Putin in the Ukraine would then threaten Moldova, the Baltic countries and Poland.

 

The rape victim in this case is the American taxpayers

And here we are fighting about American retiree's SSI checks

Only under a DNC madhouse does stupid bullshit like this happen

Visit Ukraine - Ukrainian refugees in the US will receive a pension and health insurance: details

 

You go from the imminently sensible in the first paragraph to letting tax cheats escape detection.

So, with inflation running at 6%, you're pushing for at least a 3% cut in real spending.

You're going to cut Medicare and Social Security when Boomers are retiring?

You want to cut more than most Republicans.

 

Yeah, like that would actuallyhappen

Assuming inflation doesn't come down

You're going to cut Medicare and Social Security when Boomers are retiring?

I'm talking a long term plan not a sham to get by for a few months.

 

And what happens if you don't get your way with the debt ceiling?

 

I have lived far long enough to have survived all the other disappointments both parties have rubbed my nose in I'll survive another ¯\_(ツ)_/¯

 

The OP is fake news. If Biden instructs Yellen to halt SS checks, she'll refuse and resign, and if she obeys, she'll be impeached. And Biden will never give such an order, hence, fake news and fear-mongering.

Inflation was spurred by runaway government which why Americans support the reasonable GOP bill that keeps spending at 2022 levels.

Americans have been devastated enough by Biden/Dem Inflation. U.S. Financial Health Hit by Higher Inflation, Fed Survey Shows

'Americans reported that their financial health had deteriorated sharply in 2022 in the face of elevated inflation, new data from the Federal Reserve on Monday showed. According to a survey published by the US central bank, the share of US adults reporting that they were “doing at least OK financially” fell to 73 per cent in 2022, down 5 percentage points from the previous year and one of the lowest readings since 2016.'

Things were much much better during the Orange Miracle for the American Worker.

Now, devastated by Bideninflation from runaway spending, 'nearly a third reported they were either “just getting by” or “finding it difficult to get by”.'

AND IT KEEPS GETTING WORSE.

'The survey, which recorded the responses of more than 11,000 people in October, found that 35 percent of Americans said they were now worse off financially compared with a year earlier — the highest level since the question was first asked in 2014. Fed officials said unrelenting price pressures were primarily to blame, causing consumers to either stop buying certain items or switch to cheaper alternatives, and forcing them to dip into their savings.'

THANK GOODNESS THE GOP'S CLEAN BILL WITH MODEST COST SAVINGS HAS PASSED THE HOUSE AND IS READY TO RAISE THE DEBT LIMIT BY $1.5T.

 

You really haven't made many trips out of the country. I personally have been to 28 countries. What I saw was poorly maintained utility trucks billowing smoke out the back. Urban areas with smog so think that you can't take a deep breath. Many of these countries use smaller box trucks as opposed to tractor trailers, but that is because you could never get a tractor trailer down their narrow overcrowded streets. Further, deliveries in those countries tend to be smaller than in the US. Their governments do not regulate how much overweight these trucks are loaded. You cannot imagine how many times that I have been stuck behind a box truck with boxes strapped to the roof making it even more top heavy that it already was trying to make it up a congested narrow mountain road with switchbacks at under 8 kph. The whole time chocking on their exhaust.

 

Have you bothered reading the Limit, Save, Grow Act that passed the House? It details specific spending cuts. It only raises the Debt Ceiling by $1.5 Trillion, but with the spending cuts, it will keep the government from hitting the Debt Ceiling again until after the next elections. The DNC plan is to raise the Debt Ceiling by $2.5 Trillion for one year. It does nothing to cut spending and ensures that the whole thing will have to be revisited again during next year's election cycle.

I believe that the whole thing is a process designed to allow the President to use the 14th Amendment to unilaterally raise the Debt Ceiling. The DNC is counting on the fact that the people will be worried about the loss of Social Security and VA benefits and the Federal Government shutting down again, that they will blame the GOP and pressure the courts into not issuing a TRO to stop them. That would be a serious miscalculation by the President and the DNC.

 

Sure, if you could keep in numerical spending increases to 1% a year, that would be a compromise, but the progressives won’t accept that. We have the Freedom Caucus, but you have the progressives, which have control of the presidency. They view out of control spending as “progress” which goes with their movement’s name. It’s really getting very risky. There is nothing progressive about it.

 

Tell that to you party, but, I know, you are not a Democrat. You could reframe from voting for those who support out of control spending. Of course, aside from a few distracts, if you live in California, New York or any other essentially one party, progressive state, that won’t do much good.

 

Playing brinkmanship with the debt ceiling legislation and with the annual budget legislation is by now a well-choreographed dance between our two major political parties. It's grand [Ed.: or perhaps comic,] opera, true, but as with opera, those folks who've been around for a while* already know the ending.

The worst that happens is that for a while some government employees are laid off and then re-hired with restoration of back wages or, perhaps, the credit of the US slips a bit. The effect, net, net, is to raise the national debt.

Regards, stay safe 'n well.

* This poor old country mouse has been 'around' since the depths of the Great Depression -- the mid 1930's.

 

You certainly believe the government line.

 

It doesn't work on me.