Halls of Shrewd'm / US Policy
No. of Recommendations: 10
Republicans are now saying the quiet part out loud, threatening to "blow crap up" if they're not alowed to blow crap up.
Circling back to our recent coverage, the 14th Amendment solution is sometimes derided as a "gimmick," but it's rooted in a relatively straightforward reading of the constitutional text, which states that "the validity of the public debt of the United States ... shall not be questioned."
If it's up to the executive branch to honor the nation's financial obligations, then the administration would simply ignore the debt ceiling, note that the spending in question was already approved by the legislative branch through the appropriations process, and point to the 14th Amendment to say they have no choice but to follow the Constitution rather than allow republicans to destroy the creditworthiness of the U.S. and blow up the world economy.
Should Biden choose to use this legally questionable maneuver to avoid the GOP's ransom demands, they said they'll just blow crap up.
They know that if they go down that road with this 14th Amendment argument, we will blow crap up. I'm serious ' it will be just open warfare in terms of what we're going to deal with on the spending front if these SOBs try to go down this completely ... unconstitutional and stupid road.
Huh.
So, it's not stupid to hold the economy hostage to their demands -- despite increasing the debt ceiling three times for Trump with no such strings attached -- or to refuse to pay the bills for spending that Congress already approved and money that's already been spent?
Yes, it is stupid. As the con man said: "I love the poorly educated".
And they love him back.
Which is why we live in the stupidest timeline.
No. of Recommendations: 1
Republicans are now saying the quiet part out loud, threatening to "blow crap up" if they're not alowed to blow crap up.
And in this week's installment of "Let's hold up a mirror and accuse others of something" we have...
If it's up to the executive branch to honor the nation's financial obligations, then the administration would simply ignore the debt ceiling, note that the spending in question was already approved by the legislative branch through the appropriations process, and point to the 14th Amendment to say they have no choice but to follow the Constitution rather than allow republicans to destroy the creditworthiness of the U.S. and blow up the world economy.
Let's just stop you right there. This is the problem when one listens to the "sources" that you people listen to.
The US
-Collects money every day
-Spends money every day
The only thing required to avoid default is to make the interest payments on the national debt. That's it. There are no other conditions.
And the credit worthiness of the US is untouched.
Now, someone who actually thinks about issues might ask the following questions:
1. Wait, so are we taking in enough money to service the debt?
2. If not, why is the debt so high (that results in interest payments this much)?
3. Didn't the Republicans pass a debt ceiling raise already?
4. Why won't the democrats in the Senate bring it up for a vote?
etc.
But we know who thinks and who gets new NPC firmware downloads daily, don't we?
No. of Recommendations: 5
Dope1: The only thing required to avoid default is to make the interest payments on the national debt. That's it. There are no other conditions.
And the credit worthiness of the US is untouched.
Well, no. The federal government first must pay the bondholders who own U.S. Treasury debt, as well as other financial obligations like government salaries and retirement benefits in order to maintain its credit worthiness.
Dope1: 2. If not, why is the debt so high?
Umm, roughly 25% of our total national debt incurred over the last 230 years actually occurred during the 4 years of the Trump administration. During the four years of the Trump administration, the national debt rose by $7.8 trillion. That addition makes up 24.8% of the current $31 trillion national debt.
Dope1: Didn't the Republicans pass a debt ceiling raise already?
Not a clean bill, no. Most republicans would never vote for that bill as a final bill. It's cuts to appropriated programs would cost states and localities (including their states and localities) about $34 billion in 2024 alone. They knew it was DOA in the Senate.
No. of Recommendations: 1
Well, no. The federal government first must pay the bondholders who own U.S. Treasury debt
Well, yes. The first part are the interest payments. That's called debt service. You're repeating what I told you.
Umm, roughly 25% of our total national debt incurred over the last 230 years actually occurr
Bbbbbbbbuttttt Twumppp. Do you have anything else to say?
Did something significant happen during the last 2 years of his Presidency?
Not a clean bill, no.
So?
This is where your programming breaks.
On the one hand, you whine about the debt ceiling not being raised and complain that too much was spent. But when presented with a bill that cuts spending, you whinge about that also.
Which is it?
