Manchin: Debt Ceiling Hike Should Be Tied to Agreement on Starting to Reduce Debt

What kind of deal do you think could guarantee reducing the debt?

 

That's all anyone is asking for. So, let's say Manchin can get a +1, maybe Sinema, and we get a package through the Senate that raises the Debt Limit until the end of the fiscal year when the new budget starts, that takes some baby steps toward closing the deficit, while guaranteeing that in future shutdowns that SOCIAL SECURITY AND DEBT PAYMENTS ARE MADE FIRST and the rest of the government's obligations are met proportionally with the remaining cash flow until the Congress and the President can hammer out a new deal. This would take great deal of fear and uncertainty out of the process while the government works out a better alignment between spending and receipts.

Debt Ceiling Battle To Test GOP Resolve Under McCarthy


McCarthy has repeatedly offered to open up negotiations while Biden and Dems have assured that they have America secured as hostages, gun to the head of the American People and that they will pull the trigger if McCarthy does not prostrate himself and kowtow to them despite the voters taking the House from the Dems and gifting it to the GOP in the recent elections.

House Republicans are simply asking for incremental improvement of expenditures to income in exchange for raising or suspending the debt limit. The Democrats, 'by contrast, have instead insisted on' on no improvements to the gap between incoming receipts and Federals spending that is in excess of income.

With Manchin stating the same thing, it would only take one more Senator and we could seen a bill that passes both Houses with such baby steps, and Joe Biden still insisting on blowing out the brains of the American People rather than take even a baby step toward fiscal sanity.

Can anyone speak any sense to Joe Biden? Or is our entire national economy, and the Social Security Checks, riding on Classified Joe's next demented reflex?

 

Wrong, raising the debt ceiling covers bills already owed, and in fact, besides possibly crashing the economy, could lead to further debt down the road

And if you want to address spending it is not with the debt ceiling but with the budget which comes up at the end of the summer

 

Since the reason the debt ceiling needs to be raised is because of the December spending bill, I'm wondering why they didn't increase the debt ceiling then?

Heh, just a rhetorical question, I know why!

Historically, Republicans lose this fight and damage themselves every single time, and I expect this will be more of the same. There is a politically beneficial way to handle this but eh, lets let the Democrats cry about Grinchy Republicans taking away Social Security and Medicare from poor sick people. It's worked every time it's tried.

 

Sure the Democrats demogogue SS/Medicare, just as the GOP demogogue taxes and crime, but changes to entitlement programs has been a GOP wish list going back beyond Reagan, recall Ryan's push for funding private accounts, so the cries aren't totally without substance

 

And how is Ryan regarded by a majority of Republicans today?

Anyway this isn't about changing entitlements, unless the GOP House decides to make it about changing entitlements, which is possible. That would certainly make the Democrats jobs easier for them. AND they may actually be that dumb. They are well known to blow any opportunity available.

 

A current dollar debt reduction would require a budget surplus, and it is nearly impossible to balance the budget within 10 years, thus, most likely a DEAL, or NO DEAL?

 

Is Joe Manchin the dumbest US Senator?

Capt. Renault redux: Manchin shocked to find Biden admin turning down a recommendation for an offshore oil and gas lease sale that Interior Department staff concluded would improve energy security.

ONLY YOU ARE SHOCKED, AND YOUR 'SHOCK' IS UNCONVINCING

“I am appalled by its contents, which make crystal clear that this administration is literally putting their radical climate agenda ahead of the needs of the people of Alaska and the United States,” Manchin said in a statement Friday.

 

Manchin voted for Biden's $Trillion Red Ink Orgies.

Justice Comes For Joe Manchin in West Virginia

 

I can't take any talk of deficiet reduction seriously when we have a military that can't pass an audit.

 

Manchin may be in trouble...
But, that is a shoddily researched article that is full of bullshit:
This is WRONG:
He had just won a second term in that position when he appointed himself to the seat vacated by Robert Byrd’s death
^Manchin Did NOT appoint himself to the Senate...

 

Thanks for pointing that out. I checked at your prompting.

'Due to Senator Robert Byrd's declining health, there was speculation about what Manchin would do if Byrd died. Manchin refused to comment on the subject until Byrd's death, except to say that he would not appoint himself to the Senate. Byrd died on June 28, 2010, and Manchin appointed Carte Goodwin, his 36-year-old legal adviser, on July 16.'

https://en.wikipedia.org/wiki/Joe_Manchin

It looks like you are correct. Thank you, Zorro

 

Sure, that's the Republican position ole' GOP Joe has taken....

He's wrong yet again...

Almost rooting for dog butt guy to beat him.... Your (other) GOP Senate Candidate from WVA, ladies and gentlemen...(Justice is on the left)

 

If the US were to magically pay of its debt, our economy would go down the tubes in short order. Beside 7 of those 32T's are intergovernmental holdings i.e. money we will be paying to future retirees, etc. They are more accounting trickery than anything else.

 

Maybe we should stop sending hundreds of Billion of American money to Ukraine.

 

GOP Governor of West Virginia will be wishing Manchin a happy retirement in two years.

 

It is utter folly for the Dems to declare that debt ceiling bills MUST be clean and not tied to spending measures. And of course how many time have they pulled the "give us a clean bill and THEN we will do spending cuts" and they were simply lying through their teeth.

Fool me once....................time for the Republicans to call their bluff the ball is in Biden's court if he refuses to negotiate and is willing to shutdown the government and cause the default they were all warning about it's all on him now.

 

DUH.......what do you think is being discussed. The Reps did it in the mid 1990's till 2001 and then had us heading back to it in the early 2000's until the Dems took back the Congress in 2007. Why don't we just do that again?

 

He's completely wrong, as usual.

 

You mean it's folly to ask for what happened 3 times under the previous administration?

Why?

 

And then 4 years later everyone will be expecting the Democrats to undo the damage in 6 weeks or less.

 

No I meant exactly what I said where is your misunderstanding? I am specifically talking about those three times and more.

It is utter folly for the Dems to declare that debt ceiling bills MUST be clean and not tied to spending measures. And of course how many time have they pulled the "give us a clean bill and THEN we will do spending cuts" and they were simply lying through their teeth.

Fool me once....................time for the Republicans to call their bluff the ball is in Biden's court if he refuses to negotiate and is willing to shutdown the government and cause the default they were all warning about it's all on him now.

Please explain why a bill to raise the debt ceiling must be this "clean" bill when the the spending and debt and inseparably wound together? One drives the other. Why is Biden willing to default on the debt in order to get his unlimited spending increases?

 

Raising the debt ceiling is about paying bills that already exist. The republicans and Democrats alike raised the borrowing limit when the republican *president* asked without conditions. Why all this concern and willingness to plunge the economy into default and recession now? Why because there's a Democrat in office of course.

 

Both parties are willing to destroy the economy and both think that this will be a winning issue in 2024. Biden will be the president over the worst economic disaster in 90+ years, not exactly a good platform to run on. However, he is just doing what he is told and is making zero effort to try to resolve, just like with the Ukraine. He was having a good time last night laughing and joking as we are on the brink of disaster.

Elections have consequences and the GOP is well within its rights to demand spending reductions. Just like the democrats were within their rights to use the reconciliation process to get spending bills passed. Both sides exude non-stop hypocrisy, but you can be a hypocrite and still be right (conceptually at least)

The debt ceiling needs to keep being raised because of the out of control spending. You are correct, existing bills need to be paid, but continuing to add to the debt just means that this issue comes up again in 6-12 months

Immediately slash foreign aid including the Ukranian money pit
Slash funding for states including FEMA
Stop with the student loan buying vote con
and find billions more to cut to start