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

Nonsense. Democrats haven't been able to pass any bill in the Senate to address the debt ceiling. They're asking Republicans to pass a bill they are afraid to vote on alone, knowing it will get some of their members voted off of office. So they're waiting until Republicans will vote with them for political cover. They are playing the ultimate politics with the debt ceiling. They're playing a game of chicken and refusing to vote on it entirely. Republicans have already passed a bill. The ball is in their court. They're choosing to take us off a cliff.

 

Tax and spend = Dems
Borrow and spend = Repubs

 

In addition to the above;

In Dec 2021, Congress passed a $1 trillion infrastructure bill OVER 5 YEARS

As of Q4 2021, how much infrastructure money was injected in the economy? Here are actual numbers;

Q4 2021 Federal Consumptions Expenditures & Gross Investment, both Defense and Non-Defense; $4.312 Trillion

Q3 2023; $4.646 Trillion

Differential; + $335 billion

Defense; + $69 billion
Infrastructure; + $266 billion

Claim; Government spending increases inflation

Now, let’s assume said $266 billion has been used to repair roads and bridges.

Question; How said cumulative spending increased inflation, or has kept the rate high?

Please discuss/debate, and I’ll be the moderator.

 

I know what you mean. I've looked at that, too.

The problem isn't how much revenue we collect - it's how our revenue compares to what our legislature agreed to spend on objectives that they agreed are important.

Now, we have McCarthy playing his single party extremist crap.

Rather than governing, he wants to slash healthcare and food for the least among us plus target Biden initiatives for partisan gain - spending that our legislature already agreed on.

Plus, this has nothing to do with the coming debt deadline. It's no more than an extremist partisan political side hustle.

 

The House Bill was the House's response to Government Biden's budget proposal. It was not, repeat not, a clean bill to raise the debt ceiling. The House Bill includes the following:

• Raising the debt limit by $1.5 trillion or extending it through March 2024, whichever comes first.
• Cutting and capping discretionary spending for the next decade, starting with a $1.47 trillion topline in fiscal 2024 and allowing for 1 percent annual growth over the following nine years. The first-year cap reflects a $131 billion cut from current funding levels, which spending wouldn’t catch up to until the end of the decade under the proposal.
• Repealing most of the energy tax credit provisions from Democrats’ 2022 climate, tax and health law, with the exception of some biofuel provisions Midwestern Republicans pushed to protect.
• Rescinding unobligated IRS tax enforcement and climate-related grant funds from the 2022 law and unspent COVID-19 relief from various pandemic-era aid packages.
• Canceling President Joe Biden’s student loan forgiveness plan.
• Expanding existing work requirements for the Supplemental Nutrition Assistance Program and Temporary Assistance for Needy Families and instituting new rules for Medicaid beneficiaries.
• Overhauling infrastructure permitting and other energy-related laws and regulations to spur more domestic production, primarily for fossil fuels.
• Requiring congressional authorization for major administration regulatory initiatives.

All of these requirements mean it is not a clean bill at all. It is a bill that is DOA on arrival in the Senate just as the President's budget plan was DOA on arrival in the House. Even GOP members noted, "Even Republicans conceded that their legislation was headed nowhere." Thus, whatever you are thinking, whatever you are writing, it is not even political spin, it is not the reality, and it is really the fault of the GOP, namely the Freedom caucus who put most of those proposals in the House Bill and demanded it, otherwise, McCarthy loses his job as speaker.

But there is hope, per the House rules, the discharge peitition is the last ditch effort. And because McCarthy gave away all of his power, as long there is no consideration in committee, then the bill can be brought forth on the house floor through a forced vote via the 14th amendment of all things, thanks to the demands by the Freedom Caucus, ironically.

https://www.nytimes.com/2023/05/02/us/politics/debt-limit-discharge-petition.html

 

False.

Our debt is exactly what we borrowed and have not paid back.

We have to address the overspending problem by some means, but the debt ceiling has clearly failed at that.

And, it is the LEGISLATURE that has to agree on a solution here - not McCarthy holding America hostage.

 

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

Probably because they always do cave.

 

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

I suppose they aren't. After all, the Crazy is strong with them.

 

McCarthy isn't holding anyone hostage. He already passed a bill. Democrats are refusing to work on their own proposal or to work with Republicans. They're holding America hostage. Democrats are terrified to pass their own bill so they haven't even brought it up for a vote. Schumer doesn't not have the votes to pass in the Senate what they're demanding McCarthy passes in the House. If Democrats can't pass it, how could McCarthy? The argument is illogical. When we get closer to the deadline the Democrat holdouts in the Senate may get more desperate and stop playing chicken. But, in the meantime, they're putting America on the tracks in front of the train and they're the ones with the rope tying us down even tighter.

 

Try to be serious.

Dems have agreed to raise the debt ceiling.

McCarthy is saying that he will run America off the economic cliff if Dems don't allow him to kill spending that has been agreed upon by the legislature.

And, McCarthy's TARGET is those in need of healthcare and food, as well as his desire to damage Biden success by targeting Biden's initiatives.

 

Simple. It’s a transparently infantile performative nonsense that threatens our fiscal standing. A show for the sake of a show with real world consequences.

 

Republicans haven't just agreed to raise the debt ceiling. They passed a bill to do so.

You seem thoroughly confused. McCarthy said they don't have the votes to pass the bill Biden and Schumer are demanding. In fact, he knows Schumer doesn't have the votes to pass it in the Senate either. So what McCarthy is doing is he's asking everyone to come to table and work on a bill that can get passed by Congress.

Schumer is refusing to hold a vote on raising the debt ceiling because he knows that a "clean" vote to raise the debt ceiling will likely prevent a few of his senators from getting re-elected because, despite what's said in the bubble, Americans care about fiscal responsibility. In fact, those vulnerable Democrats have started going on CNN saying they don't know why Schumer won't negotiate and think it's the right course of action.

Schumer is trying to bully the House into passing a bill that he can't get passed in the Senate in hopes that they can use it as air cover and claim it was a compromise. But, the House doesn't have the votes to do it and neither does he. So the only party and party leader looking to do anything to prevent us from defaulting on our debt is McCarthy and House Republicans. Democrats are going to wait until the final hour to use it as leverage in an effort to get his holdouts to vote for it when there's no more time to act. Democrats are playing chicken, and too many people are falling for their propaganda.

 

That lays it out really well. Thank you.

 

It was a very clean bill. A dirty bill would take no steps to address the problem. It looks like the Dem Senate can't even pass a dirty bill.

• As I suspected, they aren't cutting that much, but mostly simply slowing spending growth and allowing the Federal government to slowly transit back to non pandemic levels of spending.

The Federal Government is currently spending spending $6.17T/yr*

*U.S. Bureau of Economic Analysis, Federal government total expenditures [W019RCQ027SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/W019RCQ027SBEA, May 9, 2023.

So they leave 76% of the budget untouched and will limit 24% of spending to 1% growth and let the economy grows us closer to balance from pandemic levels of deficit spending.

They'll raise some taxes:

I'm ok with that.

I'm fine with work requirements for the able bodied.

That's all quite clean and very reasonable.

Now we'll see if the Dem Senate is a capable of passing any debt ceiling bill, at all.

As it stands now, the Clean House Bill is the only the only plan on the table.

 

McCarthy did NOT pass a clean bill on the debt ceiling.

He's holding America hostage to a list of partisan demands related to rescinding spending that congress voted for. A good amount of that is aimed at those with minimal income who need healthcare support, etc. Plus, he's totally uninterested in going after the tax cheating that is costing us hundreds of billions of dollars of revenue - every year!!

If McCarthy presented a clean bill, it would pass in the Senate and Biden would sign it.

 

But they didn't raise the debt ceiling enough to allow with their proposed spending. All spending above the debt ceiling is only contingent spending.

I know they are looking for restoring existing work requirements for the able bodied, and your shrill hyperbole aside, they should have already been put back into place.

 

You're correct. Then they were raising it to cover tax cuts for rich people and megacorporations, the sleazy scumbags.

 

Our healthcare system has long failed at delivering healthcare to that segment.

It's shown by such events as the increasing number of babies born with syphilis in a strip through southern states - a disease that would be solved with one shot if the mother were receiving prenatal medical checkups. Syphilis can be a life long misery for babies born with it, as the problem is then no longer thoroughly solvable.

The fact of our poor distribution of healthcare is one of the reasons that these people weren't denied healthcare already.

 

This shouldn't be complicated...

McCarthy passed an increase that could pass in the House with no input from Democrats. Schumer hasn't voted on a so-called "clean" increase because he doesn't have the votes and never has had them to pass such a bill. He's trying to bully the House to pass a so-called "clean" bill first because he's afraid of losing seats in the Senate if he's the first one to pass such a bill that is unpopular with moderates. Hence, why moderates in his party have said they are in favor of negotiations to get it done and don't understand the problem with it.

However, that vote is a nuclear football in the House as well. Nobody wants to vote on a "clean" bill right now. It can't pass. Everyone knows it can't pass except the people eating up the propaganda.

 

I agree with you to the extent that you recognize that McCarthy has worked hard to make this a partisan political football.

Instead, he should do his job.

Personally, i'd like to see this debt limit thing be killed, as it has served NO useful purpose and has REPEATEDLY been used by Republicans for use in brinksmanship for pure partisan BS.

 

The safe money is certainly no, but, Biden's a house of cards. It could become undeniable, at any moment, that he is an internationally bribed unconvicted felon that has been selling his office to potential enemies of the United States. He's clearly mentally unfit for the office and backed up by Kackles, who clearly is not up to the job.

Biden's leading the betting odds for the Dem primary, by a LOT>

https://www.electionbettingodds.com/DEMPrimary2024.html

 

All of which has nothing to do with your rather wild claims.

 

False.

McCarthy is targeting healthcare as a principle item that he wants to be reduced.

The FIRST McCarthy bill was rejected by his own ultra right. The REASON was that it wasn't harsh enough on healthcare for the poor.

He sees the poor as getting too much of a ride on healthcare!!!

 

Show me the language in the Bill that the House passed that you are referring to.

 

So far, Dems can't pass any plan through the Senate, the GOP has already passed a fine bill that raises the debt ceiling by $1.5T, and Biden has serious credibility problems.

Biden is mentally unfit 'to do this job now, let alone for the next six years. I know it. You know it. Democrats in Washington know it. The regime media know it.'

This was taped in advance and Biden forgetting Trump's name, and first calling him Obama, and then when he couldn't remember who the hell he was, called him "the guy that was president 4 years ago."

https://air.tv/?v=AEzgp-rpQu6OKWHKna0CuA

They couldn't find anything more lucid in the entire interview for the final cut.

'He truly forgot Trump’s name. He said Obama, knew that was wrong, closed his eyes in search of the right name from the part of his brain that works about as well as a submerged iPhone these days, and could not come up with the name of his predecessor.'

'Every day from here on out is going to be Joe Biden’s best day. He will not be any sharper tomorrow than he was Friday. And he will be worse off next week. So there will be nothing out there to ameliorate the growing belief among Americans that he’s not mentally up to the task of being president. That cake is baked. By the way, if you didn’t already notice, this question came at the end of the interview, and that Jack-In-The-Box speaker voice trying to disrupt the interview was a Biden staffer trying to give Ruhle the hook and stop the interview before more damage was done. Biden waived the staffer off and presented this admission against interest.'

https://12ft.io/proxy?q=https://hotair.com/generalissimo/2023/05/08/the-poll-that-exposes-the-infirmity-gap-n549194

Don't think that Biden's low approvals will not have an effect on negotiations against the Clean GOP House Bill.