Republicans always pick battles they can’t win. They’ve learned absolutely 0 from their defeats in the 1990’s. They will be portrayed as the villains if there is a government shutdown and not without reason. They always supported raising the deficit ceiling when Trump was president, but now that it’s a Democrat, they’re back to being deficit hawks. You can’t go from hawk to dove to hawk depending on if the President is of your party.
If they want to eliminate IRS agents and green subsidies do it in the next budget. They can pass individual bills funding Social Security, defense, farm subsidies, etc. Then, if the Senate doesn’t pass them or Biden doesn’t sign them, it will be the Democrats’ fault unambiguously.
I’m not sure it would have been a good strategy to argue against raising the debt ceiling during a lock down of society during the pandemic.
John Pade
1 year ago
Republicans always pick battles they can’t win. They’ve learned absolutely 0 from their defeats in the 1990’s. They will be portrayed as the villains if there is a government shutdown and not without reason. They always supported raising the deficit ceiling when Trump was president, but now that it’s a Democrat, they’re back to being deficit hawks. You can’t go from hawk to dove to hawk depending on if the President is of your party.
If they want to eliminate IRS agents and green subsidies do it in the next budget. They can pass individual bills funding Social Security, defense, farm subsidies, etc. Then, if the Senate doesn’t pass them or Biden doesn’t sign them, it will be the Democrats’ fault unambiguously.
Warren Trees
1 year ago
It’s difficult to argue for larger deficits when you are already effectively bankrupt. The Democrats seem to think the best way to avoid default is to continually go deeper into debt. Why have a debt ceiling in the first place? We’re talking about $31 trillion, or 125% of GDP.
Perhaps the public will become interested in this debate when the debt reaches 150% of GDP? Or perhaps 200% or even 500%? Or maybe when it reaches 100 trillion dollars? It’s beyond funny money already.
Warren Trees
1 year ago
It’s difficult to argue for larger deficits when you are already effectively bankrupt. The Democrats seem to think the best way to avoid default is to continually go deeper into debt. Why have a debt ceiling in the first place? We’re talking about $31 trillion, or 125% of GDP.
Perhaps the public will become interested in this debate when the debt reaches 150% of GDP? Or perhaps 200% or even 500%? Or maybe when it reaches 100 trillion dollars? It’s beyond funny money already.
Nicky Samengo-Turner
1 year ago
The debt ceiling debate sometimes fails to see that the US Government bond is the worlds prime investment asset of choice.
And when you keep borrowing at some point the piper will need to be paid and the US will default. Then the whole house of cards will collapse.
Nicky Samengo-Turner
1 year ago
The debt ceiling debate sometimes fails to see that the US Government bond is the worlds prime investment asset of choice.
David Kingsworthy
1 year ago
I hope the Repubs can win some concessions prior to conceding. The Dems’ budgets under Biden aren’t completely insane yet, but there’s still lots of crazy that deserves a fight.
“Entitlement” cuts are off the table. Why? Because they are not popular with the electorate” — for what it’s worth, as a 54-yo with 10s of thousands in SS payments to come, I am willing to let it go if a real reform effort came along.
I know, those pigs don’t fly!
David Kingsworthy
1 year ago
I hope the Repubs can win some concessions prior to conceding. The Dems’ budgets under Biden aren’t completely insane yet, but there’s still lots of crazy that deserves a fight.
“Entitlement” cuts are off the table. Why? Because they are not popular with the electorate” — for what it’s worth, as a 54-yo with 10s of thousands in SS payments to come, I am willing to let it go if a real reform effort came along.
I know, those pigs don’t fly!
Republicans always pick battles they can’t win. They’ve learned absolutely 0 from their defeats in the 1990’s. They will be portrayed as the villains if there is a government shutdown and not without reason. They always supported raising the deficit ceiling when Trump was president, but now that it’s a Democrat, they’re back to being deficit hawks. You can’t go from hawk to dove to hawk depending on if the President is of your party.
If they want to eliminate IRS agents and green subsidies do it in the next budget. They can pass individual bills funding Social Security, defense, farm subsidies, etc. Then, if the Senate doesn’t pass them or Biden doesn’t sign them, it will be the Democrats’ fault unambiguously.
I’m not sure it would have been a good strategy to argue against raising the debt ceiling during a lock down of society during the pandemic.
I’m not sure it would have been a good strategy to argue against raising the debt ceiling during a lock down of society during the pandemic.
Republicans always pick battles they can’t win. They’ve learned absolutely 0 from their defeats in the 1990’s. They will be portrayed as the villains if there is a government shutdown and not without reason. They always supported raising the deficit ceiling when Trump was president, but now that it’s a Democrat, they’re back to being deficit hawks. You can’t go from hawk to dove to hawk depending on if the President is of your party.
If they want to eliminate IRS agents and green subsidies do it in the next budget. They can pass individual bills funding Social Security, defense, farm subsidies, etc. Then, if the Senate doesn’t pass them or Biden doesn’t sign them, it will be the Democrats’ fault unambiguously.
It’s difficult to argue for larger deficits when you are already effectively bankrupt. The Democrats seem to think the best way to avoid default is to continually go deeper into debt. Why have a debt ceiling in the first place? We’re talking about $31 trillion, or 125% of GDP.
Perhaps the public will become interested in this debate when the debt reaches 150% of GDP? Or perhaps 200% or even 500%? Or maybe when it reaches 100 trillion dollars? It’s beyond funny money already.
It’s difficult to argue for larger deficits when you are already effectively bankrupt. The Democrats seem to think the best way to avoid default is to continually go deeper into debt. Why have a debt ceiling in the first place? We’re talking about $31 trillion, or 125% of GDP.
Perhaps the public will become interested in this debate when the debt reaches 150% of GDP? Or perhaps 200% or even 500%? Or maybe when it reaches 100 trillion dollars? It’s beyond funny money already.
The debt ceiling debate sometimes fails to see that the US Government bond is the worlds prime investment asset of choice.
And when you keep borrowing at some point the piper will need to be paid and the US will default. Then the whole house of cards will collapse.
And when you keep borrowing at some point the piper will need to be paid and the US will default. Then the whole house of cards will collapse.
The debt ceiling debate sometimes fails to see that the US Government bond is the worlds prime investment asset of choice.
I hope the Repubs can win some concessions prior to conceding. The Dems’ budgets under Biden aren’t completely insane yet, but there’s still lots of crazy that deserves a fight.
“Entitlement” cuts are off the table. Why? Because they are not popular with the electorate” — for what it’s worth, as a 54-yo with 10s of thousands in SS payments to come, I am willing to let it go if a real reform effort came along.
I know, those pigs don’t fly!
I hope the Repubs can win some concessions prior to conceding. The Dems’ budgets under Biden aren’t completely insane yet, but there’s still lots of crazy that deserves a fight.
“Entitlement” cuts are off the table. Why? Because they are not popular with the electorate” — for what it’s worth, as a 54-yo with 10s of thousands in SS payments to come, I am willing to let it go if a real reform effort came along.
I know, those pigs don’t fly!