House GOP unveils plan to raise debt limit by $4 trillion
House GOP unveils plan to raise debt limit by $4 trillion
thehill.com
House GOP unveils plan to raise debt limit by $4 trillion
House Republicans are moving forward with plans to raise the nation’s debt ceiling by $4 trillion as part of a larger plan to advance President Trump’s tax agenda.
Don't they cry every time Dems are in office and try to raise the debt ceiling, which is in itself an unnecessary procedure.
Yep, and last time the debt ceiling vote came up, people on the left were imploring Democrats to raise it by a stupid amount / abolish it so they wouldn't need to go through this stupid fight again, but that was dismissed because it was 'unrealistic' or whatever.
And now Republicans are doing exactly that. After they've proven that a small caucus can take down / get concessions from the speaker of the house. Another thing some Democrats were unwilling to do.
Dems hold the key because there will be some GOP holdouts in both the house and senate. It is imperative to vote against the proposal because 1. It is good politics, and 2. It puts some breaks on executive overreach.
However, prepare to find those same centrist Dems who did not want to extend the debt ceiling under Biden vote in favor of this proposal to look BiparTiSan.
Having a debt ceiling isn’t really the worst idea to an extent. You can reach a hypothetical point where you’re not able to realistically pay off your debt to other nations for instance. That’s why instead of raising the debt limit and weakening the dollar in the process, it makes more sense to tax corporations more to cover your country’s added expenses. There are specific things it makes sense to increase the debt limit to do though such as funding education, science and research, renewable and nuclear energy, and public transit systems as these are all value adds for a society in the long run.
The smaller caucus in their party is more closer aligned to the presidency though. A populist president would have a better chance to making progress for a smaller caucus. A small caucus in the Senate is what prevented most helpful or progressive legislation from passing as well, as seen in Manchin and Senima who are both Independents.
Yeah, but the astroturfing botfarms are only activated to foment "oohh aahh yeah gotta be responsible with our children's debt" opinions when it's the other way around. And of course all big "news" entertainment papers and shows are in on it because of access and money. I mean, they're all doing what they're paid for and the general public can't be arsed to be smart about it, call bullshit and cut off the value extraction because of perceived inconveniences (data harvesting = ability to manipulate/steer public opinion = value to sell to those seeking power & control). the populace is the commodity being sold here.
We are all cooked
Yes.