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

Who cares about the polls. I read somewhere you think Democrats stole the lection in 2020.

We the Democrats will do the same in 2024.

Democrats will harvest vote, stuff ballot box, dead people walk out the grave and vote, undocumented immigrate will vote , Dominion machine will change vote. in 2020 Democrats only used 2000 mules, in 2024 Democrats will use 20,000 mules.

On top of that Media , WH, FBI , DOJ all control by Democrats. MI, WI, PA , AZ governor are Democrats. Do you think GOP has any chance winning in 2024? No one give a f### about polls.

I just wonder why GOP wants to run? why Trump wants to run ? we already know the election result. Biden will win 2024. CNN / ABC/ NBC/ MSNBC all the MSM will declare Biden winner even before all the vote counted. FOX news is so scared after Dominion case, they would sit back and run My pillow commercial.

I am just wondering why GOP bother with WH. You not gonna win man!

 

Sorry, yes, your side? Will your side ever do anything to address the deficit? Or do you believe in "modern monetary theory" that is does not matter?

 

First, that is not the issue now.

Second, a lot of that spending was due to "effing Covid." That virus was the best ally the left had in the 2020 election.

But then again, if you want to ruin Trump so that he can't run in 2024, be my guest. I don't want him.

 

The Republicans end up folding because the news media, which is all Democrat, except for Fox News, pushes them into it.

I don't know what courses journalism students take in college to work for the main stream news media, but if it includes economics, they must have slept through the course or gotten a D. They sure don't know much about the subject on any level. But what you expect from a bunch of Marxists? Marxists know nothing about economics, but know lots of sociology. That's what my economic professor said when I took the "Planned economies" course.

 

They never cut spending first because they know that it would drive the US economy into a recession.

Let's look at 2019 numbers, before covid, just so the numbers can't be blamed on the pandemic: US GDP $21 trillion. US deficit: $1 trillion (roughly). That's 4.8% of GDP. GDP growth was 2.9 %. That means GDP growth would have been NEGATIVE without government deficit spending.

So, which president would like to preside over a recession because of deep government deficit cuts? Anyone? Any GOP president? I didn't think so. The Republicans, of course, know this math. That's why the want to cut spending when a Dem is in office, to induce a recession. When a GOP president is in office, they trot out the old "tax cuts pay for themselves", to pull wool over voters' eyes.

 

I have been ignoring this guy, but this is the most honest post I have ever seen from a leftist.

 

the repubs will cave on the debt ceiling because their voters, who are generally on the dole, will insist on their checks being on time.

modern monetary theory teaches much more that that, but i don't expect you'd be interested.

 

Good thing you ignore me. You can’t even recognize “sarcasm” .

 

As to the bolded: So, why does Trump get to take a mulligan because of covid, but Biden doesn't? Was the economic fallout from covid all of a sudden gone in 1/21? Why was Trump's covid stimulus okay (and supposedly not inflationary, according to Trump fans), but Biden's wasn't? I am interested to see your rationalizations.

 

The first Biden stimulus was okay, but now there is unspent money that is left over. Why can't we pull that back given then everyone, including Biden has declared that the Covid crisis is over?

 

Don’t worry. The beauty of 2024 election is that, republicans who don’t want Trump, they will line up and vote for Trump on election day. And after all that, Democrat will still win WH! Trump will take down Republican one more election cycle. Republican had their chance on January 7, 2021 to take down Trump, but they chose to stand by him.

 

everyone? the public health crisis is just beginning. we began covid with a generally functional worldwide public health system, which has now been gutted by mismanagement and bad court decisions.

 

Y'all? I haven't banned anything. But fighting wokeness is something I support. It is a dangerous attack on our culture. Both sides gerrymander. I'm not aware of any canceled elections so I can't comment on that.

 

I never said the GOP does good things. I don't approve of the existence of political parties at all so I certainly don't support them. If you think reducing the size of government is a bad thing then tell me why rather than arguing against something I didn't say.

 

Y’all means you all. Not necessarily you
Can you define “wokeness”?
Republicans are gerrymandering to make districts not competitive and the canceled elections are from recently passed laws.

 

That's a good point. I'm not interested in another Trump presidency, but, if the GOP candidate is leading in the overall and trailing in the swing states, they are going to lose.

 

Translation: “If you don’t raise the debt limit, we will inflict maximum pain on Seniors and every other popular program, so we can keep wasting trillions of $$$ on the other stuff we don’t want to talk about”

https://instapundit.com/583278/

 

Why don't you answer my question?

As to your question: Cutting government spending is bad in the short term because it takes money out of the economy. It is bad because for the past decade+, economic growth would have been negative if it wasn't for government deficits.

Now, I am not against cutting spending, but is has to be done in a very responsible and slow way. I am all for Dems and Republicans making a pact: Dems won't increase government spending, Republicans won't cut taxes. If we would do just that, the deficit wouldn't be a problem in 10+ years. However, there is little chance that this will happen.

 

I did. You attacked the GOP and I didn't argue against your position. Profligate government spending is disastrous regardless of who does it. Hard to come to grips with the fact that I'm not a partisan?

The idea is to understand that taxation takes money out of the economy. Borrowing and expanding the money supply just adds to the trouble. I should also mention that I don't think government should be included in GDP. GNP always made more sense to me.

I prefer to move about 70% of what federal government does to the states, private sector or the dumpster. Not increasing spending is not equal to reduced spending. The idea is to reduce both taxes and spending. I can figure out how best to use my money without help from government.

 

Very much truth in that. The Democrats know they have a giant cudgel when they threaten to report Republicans to the NY Slimes or Washington Compost.

 

History is repeating itself.

As for Biden, Biden's budgetary plan would reduce spending overal in ten years, per the CBO, by $3 trillion. That is what he proposed to Congress, House specifically. However, the House has the power to control the purse. This is a legislative process. They only reason why Republicans want Biden to negotiate is because that is their political fall back position. You see, in American politics, you have to have someone to blame no matter if they have the power or not. McCarthy, through the Freedom Caucus, has his balls in a sling. He desperately wants to keep his job. Historically, he does not go for the type of stuff proposed by the House Bill. Never has. He would rather do a straight debt ceiling increase for a year with the budget being negotiated between him and the Senate.

How would you say if Biden said and literally said, "Take this bill or I will default the government obligations." Republicans would go bananas, quite literally. But that is exactly what the GOP is trying to say publicly, for their MAGA constuents ears, only. And so what you are seeing playing out before you are quite literally the internet gossip in real-time. Eventually, a compromise will come to pass and most of what the GOP proposed will be scrapped. Most of what Biden proposed will be scrapped as well. But there will be some reductions in spending though. Of course, this is what happen in 2011 when the GOP did this the last time and got lambasted politically for it.

 

The recent debt ceiling has always been contentious. It wasn't so much with Trump because of Covid (and Democrats love spending even if they have to raise the ceiling for a Republican president), but was with Obama and Bush 43, not so much with Clinton because Gingrich beat the hell out of him to reduce spending, not too much with Bush41, a bit but a little tepid with Reagan, not too much before that. It really became contentious with Obama spending like a drunken soldier which was too much for even the wishy-washy Republicans. It is a major issue with Biden because he makes Obama look like a piker and it is a wedge the Republicans have to try to save the economy (hopefully without destroying the country).

 

It was raised three times between 2017 to 2019, mostly to get the Tax Cut bill passed and a few other items. And it was all a straight-up debt increase. It was raised during covid because most believed, including the Republicans that spending was the answer in the short term. It passed a Democratic House AND a Republican-controlled Senate, with all the "fiscal conservatives" not saying one word, like Larry Kuklow. In fact, Larry Kudlow agreed with the amount of spending and Trump thought it was too little, quite literally.

 

No, you didn't answer my question, which was: Why is it that the GOP always cuts taxes FIRST, but NEVER cuts spending? If they were interested in cutting spending, clearly THAT would be the priority?

Now, I am a fiscal conservative in my own household, I don't have any debt, and I don't want any. However, I also realize that the US economy is not the same as a household. Just like most companies that carry debt, the US government does too. Just like the US government, corporate debt continues to grow:



Why is that the case? Nobody has ever shrunken to growth. If one wants growth, then one has to invest, with private or public debt, or both. Think for example, what would happen if corporate borrowing was restricted. Yes, we would have a recession, as we did in 2009. Restricting government borrowing would also result in a recession. Why? Because the value of the borrowed money would be taken out of the economy.

Now, proponents of government austerity claim that the economy would be better off in the long run if government spending was reduced. That is entirely possible, but there is no real proof for that. In fact, government bonds are held by private citizens, who then use the interest to invest it back into the economy.

 

It will be way worse than that.

But, our debt is about money we already spent. It was spent by our representatives in the Senate and the House.

Now, we don't want to pay!!!

Nobody likes the part where we have to pay for what we bought.

McCarthy has NO legs to stand on. We borrowed the money. Now we have to pay. Or, we have to agree to continue NOT paying.

That's the issue we face.