Why are Republicans expected to just cave on the debt ceiling?

Is it simply because they do not have the Presidency? Is there some long standing tradition that the party which does not have the Presidency should simply go along with the President on certain matters? The Republicans have proposed rolling back spending to 2022 levels, which doesn't exactly seem outrageous, but Biden is not interested in this compromise.

 

They want to reduce future spending. That is why they already passed a bill extending the debt limit with future spending cuts.

 

The debt is now becoming a problem that cannot be ignored. Just paying the interest on it is going to become one of the leading government expenditures. Maybe spending money because of Covid was necessary, but now, if there is unspent Covid money, it should be taken back, not spent because it’s there.

The Democrats want the Federal Government to control everything. That’s part of reason why they advocate out of control spending. It’s the new socialism. They want everybody begging for government money which will make them dependent on it.

 

Few people understand that the basic difference between liberals and conservatives is the desire for more government vs. more freedom.

 

You forgot to mention: They want to reduce spending only WHEN A DEM IS IN THE WHITE HOUSE.

When Republicans hold the WH and all of Congress, they spend like drunken sailors and put it on the national credit card through tax cuts. And then, they still blame the Dems for the national debt.

One could be a cynic, but it almost looks like the Republicans want to cause a recession when a Dem is in the WH, and they buy economic growth through the national credit card when a Republican is in the WH. It's all about the quest for power, instead what is best for Americans.

 

OK. But reducing the size and cost of government is a positive thing regardless of who does it or when. Let's hope the democrats will do the same thing when republicans are in the white house. Do you think they will? I haven't even heard one suggest it.

 

If they did have the presidency, raising the debt ceiling would be a non-issue as it is every time a Repub is in the WH.

 

If by "do the same thing" you mean will Dems use the full faith and credit of the US as a bargaining chip in a completely politicized and reckless manner? I would hope not.

 

Question; Will the Federal government run out of cash as early as June 1st?

I can’t confirm or deny Yellen’s claim, and here’s why;

First, I thoroughly searched the numbers of Treasury’s extraordinary measures, mainly taking money from two Federal employee’s Pension and Disability Funds to offset FY2023’s monthly deficits.

My findings;

a. Monthly contributions to said funds equates to approx. $10 billion.

NOTE; June/July has historically been a red months, both normal and abnormal years.

b. Remaining “accessible” assets of said funds, held in cash, and fixed income instruments; UNKNOWN

Second, the amount of income taxes remitted to the IRS in April as yet to be published, thus, could be lower or higher than last April’s collection.

THUS, to the average Joe’s/Jane’s;

a. as early as June 1st?
b. sooner or later than June 1st?

IMO, definitely before 11:59 pm, June 30th, thus, lots of time left before a last minute deadline?

NO! if the train’s scheduled departing time is 5 pm, don’t show up at 4:59.

 

Yeah, in the House, but that means nothing unless it passes the Senate.

 

Can it really be equated with the Biden spending?

 

But Republicans NOW are fine with raising the debt ceiling aren't they? It's just on the condition that spending is reduced. This is at least my understanding of the situation.

 

You side really won’t do anything to address the problem, will they? Or maybe they think there is no problem. Debt and spending can go to infinity and beyond.

 

"You side?" As in, MY side?

 

If reducing size and cost of government were a good thing, the GOP, when in power, would reduce spending FIRST and THEN cut taxes. Now, ask yourself why they never do this, but rather they cut taxes FIRST, but NEVER reduce spending? You are smart, you know the answer to this question.

 

What's your opinion on why they never do this?

 

In the simplest broadest sense it is the default expectation. The general modus operandi is the Democrats demand something, Republicans refuse, Democrats repeat their demand, Republicans fold. That is what the Democrats view as natural and the Republicans get used to.

 

Because Dems want to spend above our means. Dems always presume that they will prevail and that the GOP will capitulate and the lying fake news immediately and continually rolls out story after story based on the rightness of the Dems prevailing and the GOP capitualing. And every few days of this, like shoving a thermometer probe into a cooking turkey, they present us with 'polls' that show how everyone else 'agrees' with their 'mainstream' position.

This isn't going to help Biden in the budget battle:
“THIS POLL IS JUST BRUTAL FOR BIDEN:” George Stephanopoulos’ Unfiltered Reaction To New Trump-Biden Poll Says It All. “The new poll showed that Biden would lose to Trump, 49% to 42%. What’s more, 18% of the majority of American voters who believe Trump should be held criminally accountable for attempting to overturn the 2020 election said they would vote for Trump anyway.”

Biden is 'a dotard and a puppet' who won a rigged election.

“Former Democratic National Committee Chair Donna Brazile later said she lost sleep when the poll came out, suggesting Biden and his team have failed to connect with voters, Mediaite noted. According to the poll, 58% of Democratic-leaning voters would prefer a candidate other than Biden, who sank to his lowest approval rating in the new poll — 36%.”

Constitutionally, our government should be limited to the size we are willing to fund, but, with their current unchecked access to debt, they have escaped those bounds. It's time for the States, working collectively, to impose a Balanced Budget Amendment on the Federal Government.

 

Has this been the way it has worked in the past specifically with regard to the debt ceiling? Or was increasing the debt ceiling always previously a bipartisan matter, with little to no back and forth? If so, then maybe that is why Democrats and the media are making out that the onus is on the Republicans to increase the debt ceiling

 

Honestly, I don't know what poll to believe anymore. They all seem to contradict one another. Prior to this, the latest poll that I saw showed Trump losing to Biden in ALL of the swing States, which is the same as saying that the poll shows Trump losing to Biden nationally.

 

If that is true why are y’all banning things all around the nation? Conservatives jumped from banning marriage for interracial couples to gay people. Banning speech and books. Penalizing businesses for their speech. Not to mention what y’all are doing with the election system with gerrymandering and legislators being able to cancel elections because they believe there is fraud.

And even if all of that was ignored, your party had full control of the government 4 years ago and cut taxes (only permanently for the very wealthy, middle class tax cuts canceled after a period) and did nothing to reduce spending.

 

because if our credit goes bad, the interest on our debt goes up and the economy crashes, most Americans do not want Republicans to do that to our economy

 

Republicans often hold America hostage to get what they want, it's sad!

 

Trump raised the debt more than any President in our history had in 4 years... the right said nothing

and not only did they support it, but they want to reelect Trump in 2024

 

US total debt is 30.93

Here are few Republican spending in last 25 years

Iraq and Afghanistan War – Total cost of the war including interest - 9 trillion
Bush Financial bailout 700 billion
Trump Stimulate package March 2020 - 2 trillion
Trump coronavirus relief package, December 2020 = 2.3 trillion

Total = 14

30.93-14= 16.93


Two republican presidents racked up 14 trillion and rest of the US history is 16.93 trillion.

Democrats are the problem with spending? Can you do the math?