“Tucked into the Senate GOP reconciliation bill is a
$5 TRILLION increase in the debt limit.
Full text of Senate BBB weighs in at 940 pages:”
-J Dupree
Democracy dies in darkness.
#BBB #Debt #Congress #Republicans #Deceit #DebtLimit #Austerity #Medicaid #Budget #TrumpRegime #Lies #USPol
https://www.budget.senate.gov/imo/media/doc/the_one_big_beautiful_bill_act.pdf
This is exactly what congressional Democrats should be shouting as they vote against any budget reconciliation or any attempt to lift or suspend the debt ceiling - "not a man, and not a penny for this Administration!"
https://www.marxists.org/archive/liebknecht-w/revolt/11-not-one-penny.html
"(Bloomberg) -- House #Republican leaders took the first step Wednesday toward enacting trillions of dollars in tax cuts and raising the nation’s $36 trillion #DebtLimit, offering a plan that risks rankling quarreling factions in the party....The budget would allow Congress’s tax-writing committees to increase the deficit by $4.5 trillion to accommodate tax cuts and calls for $2 trillion in cuts to mandatory spending such as Medicaid and farm subsidies."
https://finance.yahoo.com/news/house-gop-takes-first-step-151725015.html
About asylum-seekers at #gitmo …
“It’s a form of saber rattling because to actually get people there, to actually have people holding them, to actually have #infrastructure to support them — water, electricity, hospitals, food — would just be unbelievably expensive.
On the #alqaeda side, it costs like $1M a person/day…
To hold someone at #guantanamo.
It’s the most expensive #prison camp in the world.”
No savings here #elon
#fiscalresponsibility #DebtLimit #deportation
https://apple.news/Az7ElfP6cT_elKupKAyNCOA
#WaPo #Democrats flip the script, eyeing #debtlimit to block Trump’s agenda
#Republicans have leveraged the debt ceiling for years to block Democrats’ agenda. Now liberals see an opening to stymie #Trump
"IN THE ROOM - H JEFFRIES inside closed Dem caucus meeting. “It's unconscionable, unacceptable, un-American to try to impose a single condition on providing disaster assist. to Americans in need."
JOHNSON has floated putting strings on CA wildfire aid.
He'll need Dem votes here."
-J Sherman
"Johnson says “there’s some discussion” within the HSE GOP about tying thedebt limit increase to the aid “but we'll see how it goes.”
-M Raju
Who'll win, Jeffries or Johnson?
"We're the team that wants to cut spending," [Speaker #MikeJohnson] said. "But you have to raise the #debtlimit on paper so that we don't frighten the bond markets and the world's economy."
Janet Yellen tells Congress US could hit debt limit in mid-January
https://apnews.com/article/treasury-debt-limit-yellen-trump-elections-republicans-9c5d27c08feb744f5ee59dc2c87a06d5
> Let’s not overthink this. Regardless of who suggested it [even Trump], any day we can say goodbye to the stupidest element of our political structure is a good day.
(I’m not sure it’s THE stupidest element because the competition is so stiff, but certainly very very stupid. )
#USpol #debt #DebtLimit #UScongress
The Debt Limit Should Absolutely Be Eliminated - The American Prospect https://prospect.org/blogs-and-newsletters/tap/2024-12-19-debt-limit-should-absolutely-be-eliminated/
@randy @housepanther @GottaLaff the whole "#DebtLimit" bs by the #USA is absurd but reactionary anarcho-turbocapitalists love to #sabotage governments into #dysfunctionality...
Some asshats really want to import that shite to #Germany...
https://www.nationofchange.org/2023/10/23/10-trillion-in-added-us-debt-since-2001-shows-bush-and-trump-tax-cuts-broke-our-modern-tax-structure/ #GOPgrifters #TaxTheRich #DebtLimit $10 trillion in added US debt since 2001 shows ‘Bush and Trump tax cuts broke our modern tax structure’ Tax giveaways for the wealthy are continuing to starve the federal government of needed revenue: those passed by Trump & Bush have added $10 trillion to the debt & account for 57% of the increase in the debt-to-GDP ratio since 2001 If not for those tax cuts, U.S. debt would be declining as a share of the economy
…after Speaker #KevinMcCarthy & President #Biden reached a top-line #spending agreement in May tied to a suspension of the federal #DebtLimit, there was suddenly a glimmer of hope. Appropriators in the #House & #Senate put on their green eyeshades & got to work. But things quickly went off the rails.
Furious…, the #HardRight… #HouseRepublicans demanded that the #spending bills be written at levels below the McCarthy-Biden deal, which had been approved by the #House & #Senate w/Democratic votes.
“(#Minnesota’s Tina Smith) worked closely with the #climate movement to pull off a major win with passage of the Inflation Reduction Act, which included the largest-ever investment to fight #climatechange. She’s a go-to senator for #abortion rights advocates…a champion for expanding the U.S. #SupremeCourt… #LGBTQ+ rights. Tribal sovereignty. #Marijuana legalization. #Childcare funding...and using the 14th Amendment to go around Congress to raise the national #debtlimit.”
@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
U.S. congressional support for aiding #Ukraine is beginning to fray after the passage of last month's #DebtLimit bill.
#Congress #House #GOPsabotage #Russia #RussianWarCrimes
https://www.nytimes.com/2023/06/14/us/politics/us-ukraine-spending.html?smid=nytcore-ios-share&referringSource=articleShare
I mean, if #KenBuck doesn't like the #DebtLimit deal, it must be good for America.
https://www.cnn.com/2023/06/04/politics/freedom-caucus-mccarthy-debt-bill-cnntv/index.html
Check out this week's podcast to hear what Digby says about the debt limit deal.
And Evan Urquhart calls out the legacy media for whitewashing the right's anti-LGBTQ terror campaign.
https://weve-got-issues.simplecast.com/episodes/heather-pardon-evan-urquhart
President #Biden signs into law a bill suspending the US #DebtLimit through January 1, 2025, averting the nation's first-ever default
New podcast!
Heather "Digby" Parton says evaluating the debt limit deal requires some nuance, which most people on social media hate.
And Evan Urquhart calls out the media for obscuring the right's terror campaign against the LGBTQ community with benign descriptions.
https://weve-got-issues.simplecast.com/episodes/heather-pardon-evan-urquhart
#Economy #EconomicPolicy #GOPInsanity #GOPIsDestroyingAmerica #ArrestTheGOP #BanTheGOP #RepublicansAreDestroyingAmerica #DebtLimit #Resistbot #Petition: No last-minute concessions to McCarthy!
https://resist.bot/petitions/PLVZSR
