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No progress on debt ceiling
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May 9, 2023 18:17:05   #
DennyT Loc: Central Missouri woods
 
From what little I heard the meeting in the White House is over with no progress.
Bad news.
In my opinion the McCarthy bill would have been much better if only container cuts in future on spending and did not include pure political cutting of past legislatively approved programs
Take those out and maybe they can get somewhere.

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May 9, 2023 18:45:06   #
Triple G
 
DennyT wrote:
From what little I heard the meeting in the White House is over with no progress.
Bad news.
In my opinion the McCarthy bill would have been much better if only container cuts in future on spending and did not include pure political cutting of past legislatively approved programs
Take those out and maybe they can get somewhere.


But, then he'd have to decrease farm and other agricultural aid that the GOP want increased. McCarthy is caught in a very bad position

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May 9, 2023 18:46:16   #
Blurryeyed Loc: NC Mountains.
 
Sick and tired of that lying Co**sucker saying that he reduced the debt by $1.7 Trillion. He is such a lying SOS.

The republicans are not suggesting the so called drastic cuts that lyin Biden says they are, the budget has been jacked up in the last two years and the republicans are just simply bringing spending down to earth.

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May 10, 2023 01:40:39   #
Shutterbug1697 Loc: Northeast
 
Blurryeyed wrote:
Sick and tired of that lying Co**sucker saying that he reduced the debt by $1.7 Trillion. He is such a lying SOS.

The republicans are not suggesting the so called drastic cuts that lyin Biden says they are, the budget has been jacked up in the last two years and the republicans are just simply bringing spending down to earth.

Past spending approved by Congress is WHY the Debt Ceiling must be raised according to the US Constitution.

The United States can't default on its financial obligations.

That's what the GOP doesn't understand.

The longer it takes the GOP to pass a clean debt ceiling lift, the more seats they'll risk losing in 2024.

Voters will not forget that it was the incompetence of the GOP which put the United States Government into default, and sent the World Economy into a tailspin!

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May 10, 2023 06:20:39   #
Blurryeyed Loc: NC Mountains.
 
Shutterbug1697 wrote:
Past spending approved by Congress is WHY the Debt Ceiling must be raised according to the US Constitution.

The United States can't default on its financial obligations.

That's what the GOP doesn't understand.

The longer it takes the GOP to pass a clean debt ceiling lift, the more seats they'll risk losing in 2024.

Voters will not forget that it was the incompetence of the GOP which put the United States Government into default, and sent the World Economy into a tailspin!
Past spending approved by Congress is WHY the Debt... (show quote)


Many of those so called obligations is money unspent and represents contracts not yet made, you are wrong! Biden won't even discuss Covid emergency allocations that has not been spent. $1 Trillion in interest payments for which we receive nothing in return, does this not concern you bug?

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May 10, 2023 07:05:17   #
DennyT Loc: Central Missouri woods
 
Blurryeyed wrote:
Many of those so called obligations is money unspent and represents contracts not yet made, you are wrong! Biden won't even discuss Covid emergency allocations that has not been spent. $1 Trillion in interest payments for which we receive nothing in return, does this not concern you bug?


Bull shut . Those items are in the bill for pure political reasons . Without their inclusion he would not have had the votes.

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May 10, 2023 07:19:11   #
Shutterbug1697 Loc: Northeast
 
Blurryeyed wrote:
Many of those so called obligations is money unspent and represents contracts not yet made, you are wrong! Biden won't even discuss Covid emergency allocations that has not been spent. $1 Trillion in interest payments for which we receive nothing in return, does this not concern you bug?

Doesn't it concern you that the GOP proposed or implied cuts would affect Veterans services, SNAP benefits for underprivileged children and families,

How many more homeless people are you willing to put up with in your communities?

22% Cuts to spending, which shelters any cuts to defense spending, means much deeper cuts to other programs.

Cancer research
Education - pre-school programs & funding to poorer school districts across the country
Healthcare
Senior benefits
Safety inspections
Army Corp of Engineers

Those Cuts would end up reducing the number of available jobs to the working public, putting the economy into a tailspin.

Do you look forward to the GOP putting the country into a deep recession?

https://www.whitehouse.gov/omb/briefing-room/2023/04/20/congressional-republicans-legislation-22-cuts-that-would-harm-american-families-seniors-and-veterans/

McCarthy sold his soul to get enough votes for the Speakership, now he's between a rock and a hard place with the Debt Ceiling and the budget.

Hang onto your hat, as you watch the stock market tank if the Debt Ceiling isn't lifted to avoid defaulting on our debt.

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May 10, 2023 07:23:20   #
Triple G
 
DennyT wrote:
Bull shut . Those items are in the bill for pure political reasons . Without their inclusion he would not have had the votes.


Many of the Covid programs have to keep money in reserve to pay for incurred, but yet unclaimed events. Also, the funds will expire in less than one year so that is already factored into the long term budget. The GOP proposal is to accelerate that expiration date without consideration of the fallout just so McCarthy can "win" on his speakership campaign promises.

https://www.reuters.com/world/us/veterans-carpenters-vaccines-whats-stake-if-us-covid-aid-is-canceled-2023-03-17/

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May 10, 2023 07:29:55   #
Shutterbug1697 Loc: Northeast
 
DennyT wrote:
Bull shut . Those items are in the bill for pure political reasons . Without their inclusion he would not have had the votes.

WHAT have the elected members of the GOP in Washington done to actually help the majority of their constituents? The only help the GOP wants to offer are tax cuts to the wealthy and to large corporations.

Those items in the bill you've referenced are helping low and middle class constituents all across the country, which by count is a MUCH larger group by comparison than the smaller group of wealthy individuals and corporations.

The GOP is worried about their campaign donations being cut down or cut off if they fail to give tax breaks to the wealthy.

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May 10, 2023 08:45:10   #
DennyT Loc: Central Missouri woods
 
This whole fiasco is pushing america to another democratic controlled government next year . Couple it with the abortion backlash. While the gop base is highly vocal it isn’t enough to win elections .
The only thing the public is mad about us immigration - With Biden actually taking actions from the trump playbook instead of doing something meaningful .

Many of the items in the mccarthy bill were Biden initiatives so who thinks he will give in on those? Dumb and dumber . Take them out and see what happens.

That’s the way I see it.

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May 10, 2023 09:06:08   #
DennyT Loc: Central Missouri woods
 
Why McCarthy is fighting a losing battle !!!

Here’s who misses checks if the U.S. hits the debt brink in June


https://www.politico.com/news/2023/05/09/debt-limit-white-house-00095867


Who would be blamed. ?

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May 10, 2023 09:17:20   #
Bill 45
 
BE damn let McCarthy have his way. So what we end up in another 1930's Depression.

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May 10, 2023 11:35:11   #
JRiepe Loc: Southern Illinois
 
The wasteful spending by the federal government is way out of control and has been for years. We should never have found ourselves in this mess. And nothing will ever be done to curtail spending.

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May 10, 2023 11:41:01   #
Triple G
 
JRiepe wrote:
The wasteful spending by the federal government is way out of control and has been for years. We should never have found ourselves in this mess. And nothing will ever be done to curtail spending.


If they make laws about budget parameters and separate all requests into individual bills (co-sponsored) instead of an omnibus bill and make earmarks unallowable again, it would make for an easier pathway to decreasing the spending.

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May 10, 2023 11:41:13   #
Blurryeyed Loc: NC Mountains.
 
DennyT wrote:
Bull shut . Those items are in the bill for pure political reasons . Without their inclusion he would not have had the votes.


WTF are you talking about Denny, maybe you can list them line by line.

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