House GOP unveils plan to raise debt limit by $4 trillion

They do now but they didn’t before so instead of putting their foot down they did what politicians always do, kick the can down the road and let someone else deal with it

 

The debt limit is an absurd fiction. It's become nothing more than a political stunt. The legislative debt ceiling goes back to legislation enacted in 1917 during World War I. What it does do is authorize the Federal government to borrow to finance spending that already has been appropriated by Congress. It doesn't actually authorize the spending itself. The 1917 legislation should be repealed to eliminate the political theater of Congress (almost always one party) threatening not the raise it and possibly triggering a government shutdown and/or default and/or an across the board cut in all payments by the federal government including social security, Medicare, salaries to the military and to civilian employee and payments to federal contractors including defense contractors.

 

I wouldn’t do it if I were democrats. I would offer to repeal the debt ceiling or lift it a very small amount so we’d be back here again in a few months.

 

Should give you a really good idea how interested/determined the GOP is about reducing the deficit (they’re not).

 

Nah. The brinksmanship is no good for anyone, doesn’t solve any fiscal issues (may in fact make them nominally worse by increasing risk). Dems would be no better for playing games with “default risk”. Just get rid of the whole stupid exercise. Take the tool only morons threaten, take it away permanently.

 

We are saying about the same thing. The GOP wont get rid of it so I am suggesting making it as hard as possible this term to force the GOP to vote it out with democrats. It’s silly.

 

Oh I misunderstood. I thought you wanted the dems to use it for leverage like the loons do. You are saying the dems should demand to get rid of it, and if not keep forcing votes until it’s gone. That makes more sense but probably won’t happen.

 

It's fun to see Trumppublicans add to the debt with more deficit-funded tax cuts. It's more fun to see Trump supporters pretend that that isn't happening.

We'll see them pretend to care about the debt again, pretty soon. Probably to justify the billionaire Elon Musk lying to people in order to con them about fake government savings.