#DebtCeiling
@debasisg the sheer fact that the #USA's #DebtCeiling bs doesn't get it ranked C by #RatingAgencies makes these agencies untrustworthy.
No other nation on earth (ever!) allows parlament to declare a mandatory #budget but not also approve necessary #debt if needed.
https://www.youtube.com/watch?v=KIbkoop4AYE
@GW The whole #DebtCeiling bs needs to be abolished as this alone should get the #USA rated C - tier in terms of #bonds.
After all, no other nation does this shit BECAUSE IT'S BULLSHIT!
https://www.youtube.com/watch?v=KIbkoop4AYE
@fawfulfan
IIRC, we hit the #DebtCeiling on Friday. #Republicans were making a lot of noise last week about recalling #Speaker #McCarthy, then suddenly Nothing.
If The House is w/o a Speaker, they can not conduct any business until a new one is appointed.
I believe there are #RWNJ's in the MAGA-Caucus who intend to recall Kev on Thursday or Friday in order to ENSURE a #default.
Congrats, #America -- We Made it! Government #Debt Spikes past $33 Trillion: +$1.6 Trillion since #DebtCeiling, +$2.2 Trillion from Year Ago
https://wolfstreet.com/2023/09/18/congrats-america-%F0%9F%A5%82we-made-it-government-debt-spikes-past-33-trillion-1-6-trillion-since-debt-ceiling-2-2-trillion-from-year-ago/
The #RWNJ lunatics in the #GOP that are pulling the strings to make #KevinMcCarthy dance to their tune are now threatening to vote to remove him.
The #Democrats *could* have saved his sorry butt, but instead he kowtowed to the Lunatics to open an #ImpeachInquiry against #Biden.
He'd better pray they don't open yet another vote for #Speaker (and they'll do it just as the #DebtCeiling is about to expire KNOWING no business can be conducted until a new Speaker is appointed.) #Default #Crisis
@SeanCasten
We are NINE DAYS AWAY from another self-inflicted #Shutdown, and what is the #GOP focused on? Trying to find an excuse to Impeach Joe #Biden. 🤦♂️
Damnit Joe, didn't you learn ANYTHING from the brinkmanship they JUST put us through late last year? Time to deny them this hostage and eliminate the #DebtCeiling, citing the #14thAmendment.
#MarjorieTaylorGreene #DebtCeiling
"Marjorie Taylor Greene of Georgia, said she would not vote to fund the government this month without an impeachment inquiry against Joe Biden."
The Guardian US:
White House condemns Marjorie Taylor Greene threat to shut down government
"Georgia Republican demands Biden impeachment inquiry as government funding due to run out on 30 September."
https://www.theguardian.com/us-news/2023/sep/01/us-government-shutdown-marjorie-taylor-greene
The #HouseFreedomCaucus issued a series of ultimatums Monday, outlining the demands it wants met before the right-wing group’s members will support a measure to raise the U.S. #DebtCeiling and continue to fund the federal government. Among them: an end to the myriad criminal cases pending against former #President #DonaldTrump as well as ensured passage of a draconian #immigration law and an amorphous demand to end “ #woke ” policies in the U.S. #military. “
« #Fitch downgraded its #CreditRating for the U.S. government, from AAA to AA+, two months after the debt-ceiling crisis was resolved. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters,” the rating agency said Tuesday. Fitch said the U.S. appeared to suffer from an “erosion of governance,” pointing to the #Washington #brinkmanship over the #DebtCeiling as an example.»
Via The Recount:
Treasury Secretary Janet Yellen said today she “strongly disagrees” with #Fitch downgrading the U.S. #creditrating from AAA to AA+ and called it “puzzling” and “unwarranted”: “Its flawed assessment is based on outdated data and fails to reflect improvements across a range of indicators...” (Watch here)
JPMorgan Chase CEO Jamie Dimon today called the Fitch downgrade “ridiculous,” but said it “doesn’t really matter.” Dimon also said: “We should get rid of the #DebtCeiling.”
Exclusive: #Fitch #downgraded the #UnitedStates #CreditRating to #AA+ citing #FiscalDeterioration over the next 3 yrs, repeated down-to-the-wire #DebtCeiling negotiations threatening the govt’s ability to pay its #bills, a #deterioration in #USgovernance, as well as #PoliticalPolarization reflected partly by the #Jan6 #insurrection, Richard Francis, a snr dir at #FitchRatings, told Reuters on Wed.
By Davide Barbuscia
https://www.reuters.com/markets/us/fitch-decision-cut-us-credit-rating-based-deteriorating-governance-polarization-2023-08-02/
This is what happens when you toy with the #DebtCeiling and have an entire political party argue that we can just NOT pay our bills and it will be fine. It will not be fine.
The current #GOP is not a serious party of adults.
#USCreditRating
https://www.cnn.com/2023/08/01/business/fitch-downgrade-us-debt/index.html
Robert Kiyosaki Warns US Economy Not Strong, America Broke — Says He Still Prefers Bitcoin - Rich Dad Poor Dad author Robert Kiyosaki says the U.S. economy is not strong and A... - https://news.bitcoin.com/robert-kiyosaki-warns-us-economy-not-strong-america-broke-says-he-still-prefers-bitcoin/ #robertkiyosakibitcoin #robertkiyosakicrypto #americaisbroke #richdadpoordad #robertkiyosaki #debtceiling #economics
Debt limit may be gone
Abundant skepticism stays
Options are hard to come by
#debtceiling #bidenadministration #skepticism #haiku #poetry
https://www.politico.com/news/2023/07/31/biden-new-debt-ceiling-crisis-team-00109088
Supreme Court clears way for #MountainValleyPipeline construction to proceed
By Ariane de Vogue and Ella Nilsen, CNN
Updated 2:06 PM EDT, Thu July 27, 2023
"The Supreme Court on Thursday cleared the way for construction of the controversial Mountain Valley Pipeline to proceed, granting an emergency request from backers of the project that has the support of Congress and the Biden administration.
"The justices agreed to lift lower court orders that froze construction of the project while legal challenges play out.
"The Supreme Court’s order is a victory for #WestVirginia Sen. #JoeManchin, a conservative Democrat who has championed the project and pushed for it during #DebtCeiling negotiations in June.
"In the brief order, the court offered no extensive reasoning and no dissents were noted.
"The order came as the White House announced new actions to combat #climate-fueled extreme heat, which has been baking cities in the Southwest for weeks before moving Northeast on Thursday.
"Despite #ClimateActivists urging the #Biden administration to stop approving #FossilFuel projects like the #MountainValley Pipeline, White House officials have been supportive of the pipeline since it was first introduced in Congress last year. More recently, administration officials including White House senior adviser #JohnPodesta and Energy Secretary #JenniferGranholm voiced support this year for the pipeline’s approval.
"The White House did not immediately return CNN’s request for comment on the Supreme Court allowing the pipeline to proceed."
Read more:
https://www.cnn.com/2023/07/27/politics/supreme-court-mountain-valley-pipeline?cid=external-feeds_iluminar_msn
#SCOTUS #Manchin #StopThePipelines #KeepItInTheGround #Oiligarchy #Oligarchy #BigOil #BigOilKnew #ClimateChange #ClimateCrisis
This time, however, #pipeline advocates had a new federal #law on their side — & in an unusual place. Tucked into last month's deal to raise the #DebtCeiling & avoid default was a provision Sen #JoeManchin insisted on in exchange for his support. In explicit terms, #Congress not only approved the #MountainValleyPipeline, but "#Section234" of the debt ceiling bill also took away the ability of #FederalCourts to hear any remaining challenges to it (um, what?).
#iTHiNKLabs Episode 267🔴https://rb.gy/7pse7
Focus:
#ClimateChange #CyberSecurity #Neuralink #Taiwan #Android #Singapore #Twitter #Russia #Africa #InfoSec #Australia #Business #Leadership #Energy #DebtCeiling #Crypto #Travel #Military #Robotics #Fentanyl #Ukraine #Security #Bakhmut #ElonMusk #USA #Fediverse #Britain #AI #Politics #VoltTyphoon #BlackMastodon #NewZealand #Future #War #Canada #Biden #Tech #Drugs #Prigozhin #Train #CriticalInfrastructure #Smartphone #GOP #Construction #China▼
@VeryBadLlama same with the #DebtLimit / #DebtCeiling bs.
No other nation does this because if they did, rating agencies would rank then as trash-tier!
https://www.youtube.com/watch?v=KIbkoop4AYE
CDC is slashing funding for states’ childhood vaccination data systems - Enlarge / A boy smiles as he gets a measles, mumps, and rubella (MMR) v... - https://arstechnica.com/?p=1951939 #associationofimmunizationmanagers #statehealthdepartments #childhoodvaccination #publichealthhazards #robertfkennedyjr #immunizations #anti-vaccine #debtceiling #vaccination #covid-19 #acclaim #measles #health #polio #cdc
Ars Technica: CDC is slashing funding for states’ childhood vaccination data systems https://arstechnica.com/?p=1951939 #Tech #arstechnica #IT #Technology #AssociationofImmunizationManagers #statehealthdepartments #childhoodvaccination #publichealthhazards #robertfkennedyjr #immunizations #anti-vaccine #debtceiling #vaccination #COVID-19 #acclaim #measles #Health #polio #CDC
#iTHiNKLabs Episode 267🔴https://rb.gy/7pse7
Focus:
#Fentanyl #Ukraine #Security #Bakhmut #ElonMusk #USA #Fediverse #Britain #AI #Politics #VoltTyphoon #BlackMastodon #NewZealand #Future #War #Canada #Biden #Tech #Drugs #Prigozhin #Train #CriticalInfrastructure #Smartphone #GOP #Construction #ClimateChange #CyberSecurity #Neuralink #Taiwan #Android #Singapore #Twitter #Russia #Africa #InfoSec #Australia #Business #Leadership #Energy #DebtCeiling #Crypto #Travel #Military #Robotics #China▼
the entire #DebtCeiling 'crisis' was a classical farce in 3 acts:
"the deficit equals 5.8 percent of gross domestic product (GDP) in 2023, declines to 5.0 percent by 2027, and then grows in every year, reaching 10.0 percent of GDP in 2053. Over the past century, that level has been exceeded only during World War II and the coronavirus pandemic. The increase in the total deficit results from faster growth in spending than in revenues." https://www.cbo.gov/publication/59331
If you thought the #DebtCeiling deal meant that #Congress had its act together on the #budget, House Republicans have other ideas. https://www.dailykos.com/stories/2023/6/24/2177239/-Forget-the-debt-limit-deal-the-Senate-House-funding-bloodbath-is-about-to-begin
I want to draw attention to my YouTube channel. I've made 3 #videoessay & 1 #artshowcase video. I spent lots of time researching, writing scripts, recording, & editing the #videos. But I'm not getting much views. I need your help to feed the algorithm. Please watch my videos, like, comment, & share! Check out my channel: https://youtube.com/@davidano1
#news #politics #ClassifiedDocuments #DonaldTrump #JoeBiden #DOJ #JusticeDepartment #Pride #LGBTQrights #transgender #DebtCeiling #KevinMcCarthy #art
Did the #debtceiling deal really save the #US from #bankruptcy?
https://geopoliticaleconomy.com/2023/06/17/debt-ceiling-deal-us-bankruptcy/
@hosford42 @thekitmalone But then again the #USA also needs a lot more of updates.
For example, the whole #DebtCeiling bs should be abolished as it's the legislative equivalent of forcing someone to run through a minefield at gunpoint whilst being blindfolded and handcuffed.
https://www.youtube.com/watch?v=KIbkoop4AYE
*Don’t Lose Your Bearings In The Debate Over DOJ’s Initial Slowness In Investigating Trump*
David Kurtz
06/20/23)
__________________
#USPolitics #Politics #DOJ #Trump #January6 #WaPo @washingtonpost #DebtCeiling #Shutdown #Democrates #AbortionRights
#Documents #TrumpIndicted
https://open.substack.com/pub/tpmmorningmemo/p/dont-lose-your-bearings-in-the-debate?r=1tus4y&utm_campaign=post&utm_medium=email
Consumer sentiment in the United States reached a four-month high in June, climbing to 63.9, as inflation showed signs of easing and Washington resolved the latest debt-ceiling battle, according to #bitfinex. #ConsumerSentiment #UnitedStates #Inflation #DebtCeiling #UniversityOfMichigan https://social.wubits.io/share/6490a18602a39d1f90c59bc9?rid=63dffbc796acc11510f0903b&utm_source=link
Democrats Fear GOP Plans For Deeper Spending Cuts Could Lead To Government Shutdown
It is a prelude to a shutdown — what they are engineering said Rep.DeLauro D-Conn following an announcement from GOP leadership
McCarthy’s bid to appease Republican hard-liners and get the House moving again after a recent party rebellion on the floor has some Dems warning of a difficult road ahead when it comes to passing legislation that will keep the government running
The #republicans are a party of "nihilists". A far cry from the conservatives of yore, uninterested in governing, the #republicanparty exists for obstructionism, denail, and worse, outright violence as seen in the #jan6 "attack" on the #capitol.
The result: a badly divided #society, a #hyperpartisan #congress, and a #polity incacapble of passing "meaningful" #legislation. Indeed, the recent #debtceiling "drama" typifies the worst of #american #democracy.
https://rammohansusarla.in/2023/03/19/is-the-united-states-headed-for-a-civil-war/
The #DebtCeiling does not expire 'in a few years' but in January 2025. along with the remaining child tax credit and all the subsidies in the ACA. This is political malpractice
#CorpoDems dont care and wont fight https://www.politico.com/news/2023/06/16/biden-debt-ceiling-deal-14th-amendment-00102448
MAGA in House
Causing chaos and shutdown fear
Debt ceiling stops them
#house #maga #shutdown #debtceiling #haiku #poetry
https://www.msnbc.com/opinion/msnbc-opinion/house-republicans-chaos-kevin-mccarthy-rcna89291
House #Republicans want to cut spending below what they just agreed to in the #DebtCeiling deal, but with a catch: "But the committee's proposed cuts would apply only to nonmilitary spending, which includes programs related to education, environmental protection, child care, and more." The #Pentagon gets a free ride. https://www.commondreams.org/news/gop-debt-ceiling-government-shutdown
Can we please make this a campaign ad?
The George W. Bush and #Trump administrations, in concert with a Republican-led House and Senate, are responsible for 90% of the increase in the ratio of US debt to the economy, excluding emergency pandemic expenditures.
Why? Tax cuts.
I’m with FDR, per Heather Cox Richardson.
#covid #healthEmergency #debtCeiling #USPolitics #SNAP #food #medicaid
referenced video: https://proxitok.tams.tech/@yalesph/video/7244948678127947050
You can also follow us on #TikTok at https://tiktok.com/@nomugsnomasters (or via RSS: https://proxitok.tams.tech/@nomugsnomasters)
@Balleralert #DebtCeiling must be abolished!
The US debt-ceiling ‘deal’ was a giant exercise in bipartisan class warfare
The elite consensus is clear: spending is fine when it supports military ventures, but bad when it supports social welfare..#DebtCeiling https://www.theguardian.com/commentisfree/2023/jun/14/us-debt-ceiling-bipartisan-class-warfare
Defunding the IRS, a favorite GOP project, is adding billions to the deficit, say
Catherine Rampell and Youyou Zhao of the Washington Post . They drive the case home with some great graphics. Although there are many contenders for the prize, IMO defunding the IRS wins the prize for GOP hypocrisy. #economics #taxes #irs #DebtCeiling
https://www.washingtonpost.com/opinions/interactive/2023/irs-enforcement-costs-congress-funding/
Lauren Boebert CAUGHT LYING after NEW VIDEO of her SURFACES(video)..#Boebert..#GOP..#debtceiling https://youtu.be/ZCoovpswy-U
Six charts that show how low corporate tax revenues are in the United States
Low levels of federal revenues from corporate income taxes add to the growing national debt.
https://www.pgpf.org/blog/2023/04/six-charts-that-show-how-low-corporate-tax-revenues-are-in-the-united-states-right-now #taxes #Democrats #GOP #Republicans #NationalDebt #DebtCeiling #TaxReform
'Tax Scam': Republicans Follow #DebtCeiling Fight by Proposing #TaxCuts for Wealthy
https://www.commondreams.org/news/republicans-follow-debt-ceiling-fight-with-tax-cuts-for-wealthy
Politics Talk with David Harrison
*Something To Talk About*
Bainbridge Island Senior and Community Center
Bainbridge Island, WA
06/09/23
__________________________
Here's this Friday's Politics Talk (06/09/23) with David Harrison. Harrison is a Professor Emeritus with the University of Washington in Political Science and the founder of the Northwest Policy Center at the University of Washington. David is a former #DC insider, maintaining his contacts, and remains active in Washington State politics.
This month: Trump's indictment, fallout from the debt-limit deal, the GOP presidential candidate field, will Biden be the Democratic nominee?, and Senate races to watch.
[And, yes, that's me, Christina, the budget fact checker. 🙃🤪🤓]
#USPolitics #Politics #DebtCeiling #GOP #Democrats #Trump #Biden #Senate #Election2024
Dems Unveil #DebtCeiling Reform Act to Prevent Future #GOP Hostage-Taking
https://www.commondreams.org/news/debt-ceiling-reform-act-boyle-durbin
Cut the Crap(video)..#LincolnProject..#GOP..#DebtCeiling https://youtu.be/WgyE7t1rbSs
Here's our take on how `partisan conflict framing' generated lots of noise in the #news coverage of the #debtceiling "crisis"
#NewsLiteracy
https://newsliteracy.psu.edu/news/takes-debt-ceiling-coverage
New #foodstamp requirements test states and #USDA
https://rollcall.com/2023/06/08/new-food-stamp-requirements-test-states-and-usda/
Implementation of the #debtceiling law’s expanded #workrequirements faces a short turnaround
I blame #Democrats bc they specifically declined to pass a clean debt ceiling bill during the lame duck session when they controlled both chambers of Congress. Then they refused to follow the 14th Amendment, instead pretending the debt ceiling statute supersedes the Constitution. Now they're celebrating it as a "win".
They clearly wanted this outcome while publicly saying they didnt and that they had no choice but to go along w/ #Republicans
My 2 cents.
I wonder who will get blamed for this.
"13,000 Alabamians risk losing food stamps under new debt ceiling deal"
#DebtCeiling #GOP #KevinMcCarthy #JoeBiden
Justin Wolfers on why "Biden ate McCarthy's lunch":
1. The Republican caps on non-military discretionary spending are only effective for 2 years, even though the CBO and GOP are assuming savings over 10 years.
2. Work requirements for assistance affect fewer people than before.
This is still a tragedy, because the 2011 debt ceiling crisis cost America $19 billion in higher lending costs, and "you should be pissed."
[Commentary] China is the chief beneficiary of the U.S. debt ceiling nonsense. Doubts about U.S. trustworthiness spur governments to look elsewhere for leadership and stability. https://www.japantimes.co.jp/opinion/2023/06/06/commentary/world-commentary/us-debt-ceiling-fiasco/?utm_content=buffer8138f&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #opinion #commentary #southeastasia #us #debt #taxes #debtceiling #useconomy #republicans #globaleconomy #joebiden #democrats
There’s Never a Debt Ceiling for the Military-Industrial Complex
https://www.thenation.com/article/politics/debt-ceiling-military-spending/
#TheNation #MilitaryIndustrialComplex #DebtCeiling #MilitarySpending #USPolitics #BudgetPriorities #Politics #News
#Maddow just talked about the #DebtCeiling deal & Biden's success.
I wrote about celebrating Biden's win, why that is BORING & gets ignored.
We need to tell the stories about winning & crushing the RW to help our morale. Because Trump's use of #Lawfare is psychologically exhausting us.
Everything is delayed. No victory feels complete. FInancial judgements against him become a chance to fundraise. He talks like he never loses, so our thirst for justice isn't slaked.
https://crooksandliars.com/2023/06/exciting-story-bidens-victory-and-gops
@GottaLaff
And on MSNBC Chris Hayes dismissed Biden's success in a single sentence and went right to the gloom and doom!
ARGGGH!
In my latest, I take a look at why the #MountainValleyPipeline simply isn't the most important climate consideration in the #debtceiling deal.
But more centrally: we will not stop oil and gas by stopping supply and must instead build the alternative.
There's a lot of confusion around this issue, so I lay out why trying to stop fossil fuels on the demand side is futile in 3 main points: /1
In my latest piece of independent writing, I take aim at what I consider one of the greatest misunderstandings of the climate movement, using the example of the #MountainValleyPipeline.
The struggle for a livable climate will be decided not by stopping fossil fuel supply, but by eliminating demand for fossil fuels.
NEW: “Work-requirement proponents say the problem is unemployment, but nearly 4 out of 5 households in the SNAP program have at least one person working.” #SNAP #DataViz #DebtCeiling
https://www.nbcnews.com/data-graphics/data-work-requirements-food-benefits-snap-rcna86440
#Biden signs #DebtCeiling bill that pulls #UnitedStates back from brink of unprecedented default
https://apnews.com/article/joe-biden-debt-ceiling-budget-signing-f78a000d83cf85ffbaa2d08637844053
Does anyone else find it weird that #Biden is touting the #debtCeiling compromise as a victory instead of pointing out that he negotiated with #Republicans who were holding the entire country hostage just so they could starve poor people more?
#HeatherCoxRichardson 's
*Letters from an American*
(06/02/23)
_____________________
#USPolitics #Politics #DebtCeiling #Bipartisan #Biden #MAGA #History #Histodons
-
Congress and Biden just came to an agreement on the budget. They had to make cuts in order to come to an agreement.
If you were in charge, which would you cut?
Energy tax credits, preserved.
Energy regulations, "no to little effect."
To say nothing of student loan cancellation (preserved), IRS budget cuts (hardly any).
Can we just agree that POTUS is a master negotiator?
https://www.nytimes.com/interactive/2023/05/31/upshot/debt-ceiling-side-deals.html
#climate #debtceiling
It's time for our weekly #news #quiz! This week's quiz is loaded with spoilers, from details of the "#Succession" finale and the #debtceiling bill to the lives of super rich heterosexuals.
But here's a non-spoiler: Which of these points was NOT included in the debt limit deal passed by Congress this week?
https://theconversation.com/the-conversation-u-s-weekly-news-quiz-189437
The biggest policy changes in the U.S. debt ceiling deal, explained.
Vox explores "how the legislation to avert an economic crisis would affect student loans, food aid, the IRS, and more."
https://www.vox.com/policy/23742237/debt-ceiling-deal-explained-student-loans-snap-irs
Democrats and Republicans both love the #debtceiling because it gives them both a big “bipartisan” win they can point to as evidence they do more than just collect a massive welfare check and take corporate bribes. In reality it’s a problem they could just vote out of existence forever at any time.
"The ransoms Biden paid might be small, but if we declare them foregone and meaningless, we’re not being honest with ourselves." - @brianbeutler with a #mustread gaslight free analysis on #debtceiling debacle https://mailchi.mp/crooked.com/big-tent-20488?e=4b66a7e85f
6-1-23 Nicole Sandler Show – Thursdays with Howie Klein
The House passed the Biden-McCarthy debt ceiling deal last night with more Democratic than Republican votes. Was it a great deal? No. But did the Dems come out ahead of the Republicans? Without a doubt. Well, that's my take. As for what Howi
https://nicolesandler.com/6-1-23/
#NicolesBlog #DebtCeiling #HowieKlein
What role did Senate Minority Leader Mitch McConnell play in the debt-limit deal?
The AP explains his "shrink the room" advice to President Biden: https://apnews.com/article/president-joe-biden-kevin-mccarthy-debt-limit-aee6d1dd48f53bedadfe1212e231f48f
The Calm Man in the Capital: Biden Lets Others Spike the Ball but Notches a Win
President Biden brokered a debt limit deal by following instincts developed through long, hard and sometimes painful experience in Washington. by Peter Baker #nytimes https://www.nytimes.com/2023/06/01/us/politics/biden-mccarthy-debt-ceiling-deal-who-won.html #biden #debtceiling #debt
Many others in both parties have run to the television cameras in recent days to make comments about the meaning of the agreement and the effects it would have on politics or policy, but Mr. Biden positioned himself as the calm man in the capital, the mature leader he hopes voters will prefer during next year’s election. https://www.nytimes.com/2023/06/01/us/politics/biden-mccarthy-debt-ceiling-deal-who-won.html
#debtceiling #debt #congress #biden
All debt ceiling fights are dumb. This was the dumbest of them all.
#debtceiling
#BREAKING NEWS: Senate passes #DebtCeiling bill.
Senators strike a deal Thursday to expedite passage of a #DebtCeiling agreement forged by President Joe Biden and House Speaker Kevin McCarthy
@femme_mal exactly that's the problem.
I wish #Biden had the balls to jist #ExecutiveOrder away the #DebtCeiling cuz #SCOTUS would take months till they'd ever do any hearing...
https://mstdn.social/@kkarhan/110471494441369149
I mean it's perfectly fine to trample on civil and human rights, so it's only fair to force-feed those christofacists whining for a "strong man" their own soup!
@femme_mal also why do all media outlets get it purposefully wrong that the issue is made solely by congress alone.
Because everywhere else, parlaments have to automatically approve more debt if the budget exceeds earned taxes as they literally decided upon said budget.
https://www.youtube.com/watch?v=KIbkoop4AYE
The #DebtCeiling is literally the USA deciding to order but not pay when it's due and every other nation would get their credit rating corrected into trash-tier if they did that!
"The Mountain Valley Pipeline would stretch 303 miles, from West Virginia to North Carolina. It would cut through the Jefferson National Forest and cross hundreds of waterways and wetlands"
https://www.npr.org/2023/05/31/1179201992/mountain-valley-pipeline-west-virginia-debt-ceiling-deal
"Allowing this pipeline to move forward would accelerate climate change, in addition to the environmental destruction already caused by earlier construction."
https://www.nrdc.org/bio/michele-bustamante/mvp-pushed-forward-false-claims-need
--
#pipeline #Manchin #DebtCeiling #Biden #NPR #NRDC #ClimateChange #methane
House progressives are angry over debt limit deal’s passage.
The Messenger explains why: https://themessenger.com/politics/house-progressives-seethe-over-debt-limit-deals-passage
Joe Biden & the #CorpoDems had 2 full years to eliminate the #DebtCeiling or raise it to a number that would last for 10yrs, or challenge it in court as he says its obviously unconstitutional. But the bastards did neither and now tell you this is the best deal they could ever hope for and HAD to pass it with more Dem votes than GOP. The dems could have killed this economy wrecking bill by voting down the debate rule, but they chose to hurt regular ppl instead of fighting for what's right
FUCK'EM
@Npars01 @KatM @Teri_Kanefield #Biden should have directed the Treasury to ignore any #DebtCeiling as unconstitutional on its face, rather than make ANY concessions to domestic terrorists (#Republicans).
A break-glass option, gumbo and a bike ride: How the debt ceiling deal got done.
NBC News reports: https://www.nbcnews.com/politics/congress/break-glass-option-gumbo-bike-ride-debt-ceiling-deal-got-done-rcna87179
The House voted tonight to suspend the #DebtCeiling until Jan. 2025.
71 #Republicans and 46 #Democrats voted against the bill, which now moves to the #Senate.
See how your Representative voted at ProPublica Represent:
5-31-23 Nicole Sandler Show – David Dayen and the Debt Ceiling Dance Deja Vu
The House today is voting on the Biden-McCarthy deal to raise the ridiculous debt ceiling.
David Dayen of The American Prospect returns to the show today to bring us up to
https://nicolesandler.com/5-31-23/
#NicolesBlog #DavidDayen #DebtCeiling
#House gets #DebtCeiling bill over key procedural hurdle — with Democratic help
There are two important courses of action to take at this point.
#DebtCeiling #Congress
https://pdamerica.org/frustrated-by-the-debt-ceiling-deal-elect-more-progressives/
I actually have a little hope that this will work out for "the best": once the #Republicans blow up the #DebtCeiling agreement, the Democrats can stop "negotiating" with them in "good faith" and just tell them what they should have to begin with:
STOP HOLDING THE AMERICAN ECONOMY HOSTAGE. We don't "negotiate" with terrorists.
One can dream.
https://www.theguardian.com/us-news/2023/may/31/us-debt-ceiling-republican-hard-right-vows-to-sink-deal-hours-before-vote-expected #USpol
Debt ceiling bill clears first House hurdle, teeing up Wednesday vote.
CBS News reports: "A growing number of Republicans have said they'll vote no."
https://www.cbsnews.com/news/debt-ceiling-bill-house-rules-committee-vote/
Leeches rejoice.
And yes, there's a climate angle.
There's always a climate angle.
#DebtCeiling #economics #climate
https://www.cnn.com/2023/05/30/business/debt-ceiling-these-companies-are-winners/index.html
House Republicans pushed the US to the edge of fiscal crisis with demands for deep cuts, but ended up with a deal that does little to reduce federal spending.
An expert on budgeting says there is a better way: the reconciliation process in #Congress is designed to allow for grand compromises that need only a narrow majority to pass.
https://theconversation.com/covid-19-clawbacks-spending-caps-and-a-cut-what-house-republicans-got-in-return-for-pushing-the-us-to-the-brink-of-default-205958
#News #DebtCeiling
President Obama agreed to $2.1 trillion in spending cuts to end the 2011 debt ceiling crisis. But things didn't turn out exactly as planned.
CNN reports on what happened next: https://www.cnn.com/2023/05/30/politics/debt-ceiling-obama-spending-cuts/index.html
Here’s what’s in, what’s out of the debt limit bill to avert U.S. government default.
From the AP: https://apnews.com/article/debt-ceiling-deal-food-aid-student-loans-3c284b01d95f8e193bca8d873386400e
I’m so frustrated at the self-own that is the debt ceiling debacle. Democrats knew this was coming and we didn’t do anything about it. Who pays? People who can’t afford food. Who benefits? People who want to avoid IRS audits and oil extractors.
I am not ready for this election cycle. This BS makes me so mad.
If #Biden negotiates on the #debtceiling in his next term (*if* there is one) I hope he gets assassinated.
They ADDED $32 billion dollars to the military budget!!!!!
> What's in the debt ceiling deal struck by Biden and McCarthy?
https://www.cnbc.com/2023/05/29/whats-in-the-debt-ceiling-deal-struck-by-biden-and-mccarthy.html
"You know, normal crazy GOP kind of stuff. The kind that doesn’t have a bomb attached to it."
Jay Kuo reads the debt ceiling deal as a big win for Biden.
He writes,
"The fact that some of the 'Freedom' Caucus are already infuriated is a very good sign that Biden did a great job under the circumstances. If we can put the debt ceiling threat behind us, that will force the GOP back to its standard, more contained pattern of investigating Hunter Biden and playing the victims of government overreach and witch-hunts."
DO NOT CELEBRATE THE DEBT CEILING “DEAL”
Forcing cruel and unnecessary work requirements on an essential program that helps 42+ million Americans afford food is horrific
Millions will lose that money and it will make the hunger crisis so much worse. It will also hurt the economy. It won’t help the fabricated “labor shortage”
Without SNAP, my family, and many others, will struggle to find food. I guarantee food banks will empty FAST
NEVER negotiate with terrorists
The #debtceiling is an arbitrary political limit that allow congress to do bullshit like they have the last couple months. It needs to be repealed.
There seems to be a deal on the #debtceiling stupidity. So here is my reminder that there is absolutely nothing wrong with debt. Most people in America have debt, most debt is for good things in return. I am in debt for this lovely house I occupy and love. I got something for my debt. I am fine with my debt.
Most of America's debts are the same, we got something for the debt. That's good.
If I want to pay off my house faster, I could raise my own "taxes" - so could America.
House Speaker Kevin McCarthy says a bipartisan majority of Congress will approve a debt-ceiling compromise amid already-emerging criticism from his party’s right flank. Here’s more from ABC News.
https://abcnews.go.com/Politics/mccarthy-defends-debt-ceiling-deal-predicts-democrats-join/story?id=99660548
#DebtCeiling #KevinMcCarthy #JoeBiden
👉🏼👉🏼 White House and Republican negotiators reached a tentative deal to raise the US #DebtCeiling and avert a default that threatened to send tremors through the global economy, according to people familiar. : Bloomberg
White House, Republicans Reach Deal to Avert Historic US #Default https://www.bloomberg.com/news/articles/2023-05-28/white-house-republicans-reach-deal-to-avert-historic-us-default
Hey Y'all,
#BreakingNews
This just in from the department of revenue's latest computer calculations on hitting the #DebtCeiling.
#Treasury says it won't run out money until at least June 5, buying time for #DebtCeiling talks