As things stand now, House Republicans will cause the United States to default on its debts

Are you suggesting that is an excuse for cutting the healthcare and food for those in deep poverty, like McCarthy proposed, and then got overturned because his idea doesn't do more to devastate the poor???

Are you suggesting THAT is what needs to be done, because we can't go after the nearly $400 Billion that ultra wealthy tax cheats are failing to pay EVERY YEAR?

Are you suggesting it's the fault of Gates for not coming up with a rational budget in the US House?

What ARE you suggesting? I can't make heads or tails of this post of yours.

 

Laughable, you can not slow walk drilling permits, as Biden has done, have your green energy buds in the banking sector refuse to finance drilling operations and expect it will not impact production. Again we are 2000 barrels a day short of the peak under Trump and it would be worse had not higher prices allowed some tertiary production wells to pump out more oil.

 

No one is cutting health care and food for any one. That's nothing more than the usual Democrat boiler plate we could cut thirty percent of the administrative state without harming any one.

 

The McCarthy plan absolutely did cut healthcare and food to the poor.

Then, the ultra right killed McCarthy's plan, because it didn't cut ENOUGH healthcare and food from poor people.

 

The topic was inflation.

 

The above things produced inflation in energy costs world wide which produced inflation in every thing else and complicated supply line issues, the last aided and abetted by China's insane covid policies.

Note restricting American energy production as Biden has done also helped fund Putin's war.

 

If you up the work requirements from 40 hours a month to 80 hours of the month for people who have no dependents, and are from the ages of 15 to 55, while keeping the same income and asset qualifications to qualify, then yes, you will take away food. If you fail to comply with the new requirement, then you are pretty much no longer eligible because there is no longer an employ incentive to hire people off welfare. Most employers don't do that because it is too risky for them in one form or another. It is called the Work Opportunity Tax Credit and was used by employers to offset the risk with the credit of such on SS and medicare taxes through their income tax.

 

Dude that's less than twenty hours a week. Most part time jobs get you that much.

 

Dead wrong.

 

You make logical points, some valid, some not so much. But nothing refutes my assertion that "The only reason to ever raise the debt ceiling is to cover increased spending." If cutting spending reduces my benefits, so be it. Although I have yet to receive more benefits than the money I provided for those benefits (predominately Social Security and Medicare) though that time is approaching. Plus I would like to see reductions in other non-essential (in my mind, though not some others and politicians). The biggest that comes to mind is the billions being spent on Green New Deal-like shams. Then there are a plethora of federal government services that can relatively easily go through belt tightening, including a ton of services the federal government has no business or constitutional authority to be in. I'd like those to go first.

You do make a point that raising the debt ceiling is almost a no-op. Maybe we have simply just reached the tipping point or the straw that breaks the camel's back. How about a debt limit or reduction of foreign debt but raising the limit on domestic debt?

 

Putting the kibosh on domestic production certainly hurts US's supply.

That is likely true, though there are other factors where government exacerbates inflation. The other assumes that Biden actually knows something about supply chain.

 

Compromise is a highly overrated activity.

 

So, Dems are threatening to default too? If so, then where's the beef?

 

The dems are making no effort to cut spending and continue to waste billions upon billions.

 

GOP hiked spending 20% last time they were in charge. Maybe they can just roll that back. Sounds like lot of money. I think we all know its all silly political BS. GOP always pretends to be fiscal conservatives when there is a Dem president, and when they have full control they go all-in with spending. Dems make no bones about it. - they'll spend, and raise taxes to pay for it.

 

Like I said both parties are at fault and neither party wants to resolve

 

Dems would resolve it by raising taxes, which is how most countries pay for their spending. GOP would cut spending from things they oppose anyway, while increasing in the areas they support. So, there will never be consensus.

 

Economists disagree with you on what caused inflation.

A significant component of the price rise had to do with the oil market seeing risk due to the Ukraine conflict and the energy changes that inspired. Prices go UP when there is risk. That is NOT solved by more supply.

Your idea that the USA could have stopped the price of oil from rising by producing more is just plain nonsense. The increase you call for (enough to change world oil prices) just isn't possible. Plus, oil companies have to be careful about their investments, as proven by the oil related bankrupts during the price crash during the Trump administration. Oil companies are run by businessmen making business decisions.

 

I'm sure the debt ceiling provides guidance in that it is a recognized milepost to measure against.

However, we need honest accounting for what we spend.

We have no idea what we spend on our military. These expenditures have been hidden away throughout our spending and budgets - in healthcare, in retirement, in the energy department, in NASA, and seemingly everywhere else. Plus, the jobs have been carefully spread throughout our land for the PURPOSE of making it hard for any politician to say enough is enough.

There are similar problems in healthcare and support for those who are the least among us. We have numerous overlapping programs that STILL miss those in need, despite numerous programs and overlapping bureaucracies for each.

We spend WAY more per capita than every other first world country on healthcare, and we STILL can't deliver healthcare to all our citizens, as other countries do. Yet, we refuse to accept the solutions that every first world country has proven to be FAR FAR more cost effective and superior in delivering healthcare to all.

But, when it comes to budgets, such as McCarthy has, we see that our "salvation" depends on cutting the healthcare and food for those at the bottom of our economy, while HE allows the super wealthy to cheat on their taxes to the tune of $700 Billion per year!

That's enough to give the lower half of our entire population $4,000 EACH per year!

 

Compromise is the reason that we have a legislature.

 

Actually they want to save the economy. A short term default might be helpful if it helped reign in in government spending.

 

Let's hope so.

 

we all know what will happen, they will hurt the country, the economy, then blame it on Biden

the right should own it then if that is what they are trying to do, tell the people what they are doing will hurt them, but it's for their own good, trust them

 

Any default would have serious, long lasting, world wide impact on America.

For example, it would be a strong justification for no longer denominating world oil prices in dollars, a move that many countries have long wanted to make.

Oil can not be denominated in a shaky currency.

This is just one example.

 

There are consequences to the way federal government uses money. We should all be aware of it and demand that it change.