Who's to blame? Whomever and whenever it was decided to separate the authorization to spend money vs the authority to pay for spending.
Our country is dumb.
Our country is dumb.
WHOSE fault is the current debt ceiling standoff?
- Thread starter Razorhawk2
- Start date
Close, but in fact you tell your wife to cut her spending but she can only cut spending on food for your kids. Let the little beggars starve.
Fitch is warning of a rating downgrade. No bueno. Grow up and get an agreement done.
www.cnbc.com
Fitch puts United States’ AAA rating on negative watch, citing debt ceiling fight
The nation's AAA long-term foreign-currency issuer default rating is on negative watch by Fitch, one of the big three ratings agencies.
Their government collapsed.'
Their military collapsed.
We left.
You say we should be fighting in Afghanistan to prevent Taliban control. when they don't have a government or military in residence. If so, wouldn't you think that would be pretty stupid?
Do you think it would make sense to fight for a country, like Afghanistan in which we invested trillions of dollars, to see them fold their tent, make off with the funds, abandon their people and fade away, leaving us to sort out the mess and salvage what we could out of the disaster.
Nah! You just want anything to bitch about.
we are taking in record amounts of revenue
U.S. Federal Government Tax Revenue
The federal government generates tax revenue through a variety of sources, including income and corporate taxes. Learn how much tax revenue the U.S. generates.
WPOTY material right here, ladies and gentlemen and everyone outside of those boundaries.
Except in the year or two after a massive recession or when the GOP gets their massive tax cuts, the US ALWAYS takes in "a record amount of revenue", doofus. You can get a raise at work...a RECORD PAYCHECK...and still fall behind your expenditures. You do understand basic economics, right?we are taking in record amounts of revenue
U.S. Federal Government Tax Revenue
The federal government generates tax revenue through a variety of sources, including income and corporate taxes. Learn how much tax revenue the U.S. generates.www.thebalancemoney.com
REALLY? REALLY?? Tell them it's their own ox that's gonna be gored when you tell them spending is cut and report back to us on those numbers.
We're taking in far less from the uber-rich than during the Reagan years, and we need to get those folks to pay their fair share (again)
GOP moderates are going to have to act.
Or let the crazies destroy our economy.
We need 80s-era taxes on the wealthy and corporations (again).
We need SS reform, so the cap is higher to make it solvent.
And, yes, military spend is a major portion of our budget, and we need to revisit where cuts are possible (inclusive of the Space Force BS that has cost us billions in creating a worthless force that was fully functional under existing structure).
At this point so late in the game Joe will have to act...he'll have to make a couple concessions.
I think the work requirement thing is the easiest as it's mostly a red herring anyway...easy concession there.
What "concessions"?
MAGA is all over the map with generalized demands.
Leaving the MAIN drivers of our budget as "untouchable" is utter nonsense and fiscal irresponsibility.
So, spare me the BS that the GOP is the Party of Fiscal Conservatism here. They raised the ceiling 4x under Trump AND cut revenues in doing so.
Taxes MUST go up. Back to Reagan-era levels, which were fine for Conservatives back then.
Tax stock buybacks.
Tax cap gains for the affluent - keep them low for small investors and retirement.
Fix SS caps to make that solvent and it goes a long way to balancing things.
Just our of curiosity, what "concessions" do you recommend the GOP make?
everything else
Hopefully the work requirement thing will be enough for McCarthy to hang his hat on...realistically? Probably not...
Anyway, some of this polling indicates that it isn't going to be as easy for Joe to pin this on the R's as originally thought...deal needs to get done so Joe will have to give McCarthy a couple carrots.
Obviously a default is a catastrophe and has the be avoided....
The Republicans want a default. Is that not clear to everyone?
The House GQP is saying they won't accept anything less than the "deal" they already passed. Should Biden roll over for that? Will it be his "fault" if he doesn't?everything else
Hopefully the work requirement thing will be enough for McCarthy to hang his hat on...realistically? Probably not...
Anyway, some of this polling indicates that it isn't going to be as easy for Joe to pin this on the R's as originally thought...deal needs to get done so Joe will have to give McCarthy a couple carrots.
Obviously a default is a catastrophe and has the be avoided....
Terrorists never think they are terrorists.
They want it so they can get a recession. They need it to run against Biden.
Joe will need to hold a press conference and take questions and be articulate if he wants to blame the republicans and have it stick.
Or maybe he can talk about Cori Bush, representative from Missouri, and her $14 trillion dollar reparations new legislation.
Or maybe he can talk about Cori Bush, representative from Missouri, and her $14 trillion dollar reparations new legislation.
Joe has to give enough carrots to get most of the GOP and most of the D's on board (minus progressives)....McCarthy brings it to vote and it passes
That's how I see this working out. Progressives and the Gaetz crew won't vote for it but it'll get enough votes to pass...
Does the idea of stopping spending money like a drunken sailor come into play also?
If I am Biden I just say no negotiations. That is in the budget process. This isnt the budget process. End of Story.
Sure....lets start with Medicare for your grandparents. Medicare is THE problem
They want to undo everything Biden did in his first two years. Period. What does he give up when they don't give up a f'n thing? Are you calling on them to include tax hikes? No? Why not?
Nobody wants a recession,.. and there's no need to run against Biden as a moderate walking pace will get the win...
That you aren't is the indication that you're eyeball deep in the Kool Aid. Your buddies are threatening a world wide recession. That's terrorism by any measure.
Biden and McCarthy have both said that default was not an option,.. I will take them at their word.
Tax hikes ain't happening...that's a fight for the next budget. If you want to deal in fantasyland and have a default...have at it.
The deal needs to get done and the debt ceiling raised...that's the objective. I think my scenario is much more realistic in getting that done.
That you think McCarthy has ANY control is laughable. He's a puppet with MTG's hand up his ass moving his mouth.
LOL...tax hikes are for the budget process but spending cuts have to be part of the debt ceiling standoff or it's Biden's fault. You couldn't declare your hypocrisy any more clearly than you just did. If the Dems were pulling this bullshit with a GOP president and trying to get the Trump tax cuts eliminated, you'd be here blaming THEM.
McCarthy and Biden just need to negotiate a position that a majority of Congress will support,.. Very likely that hard right Republicans and hard left Democrats will be unhappy with the package, but as long as a majority in the middle are willing to swallow hard it's achievable...
Buddy..take a deep breath.
A deal needs to get done...default is not a option....the R's control the house.
It's not hypocrisy to deal with reality.
Your complaints of R hypocrisy are valid....but a deal needs to get done. It is what it is and time is short.
And the D's control the WH AND the Senate. Yet you say the D's have to fold.
The Democrats controlled the House and suspended the debt ceiling twice under Trump with zero attempts to roll back his tax cuts. It's time for the f'n Republicans to do the same. There's your reality. Why aren't you faulting them? Why aren't ALL the wingnuts on here faulting them?
It's not R hypocrisy...that's hardly new. it's YOUR hypocrisy. You and yours are feeding the narrative that Biden has to back down when NO president in history has been asked to undo his legislation to get a debt ceiling deal. YOUR hypocrisy is the problem. You want a deal? Flood the R's offices with emails and phone calls telling them to do their f'n jobs.
