General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRepublicans gear up to inflict maximum pain on Democrats as the debt default deadline inches closer
Republicans are blocking attempts by Democrats to renew the US's ability to pay its bills, pushing the US closer to the precipice of default.
Congress has just 16 days to raise or suspend the debt ceiling to dodge what could be a catastrophic hit to the economy, ranging from delays in Social Security checks to seniors, turmoil in financial markets, and cuts to safety net programs like unemployment insurance and Medicaid. The world's trust in the dollar would fade. Interest rates would soar, lifting mortgage, car loan, and credit card payments. Ratings agency S&P would cut its rating to the worst-possible rank of D.
Raising the debt ceiling allows the US government to pay back what it owes, and the limit had to be lifted this year regardless of Biden's spending plans. Democrats are pressing Republicans to help raise it, arguing both parties racked up another $7.8 trillion in new debt under the Trump administration. Republicans also raised or suspended the debt limit three times under President Donald Trump.
Now that Biden is in office, the GOP is reversing course and Senate Minority Leader Mitch McConnell is spearheading the GOP drive to demand Democrats lift the limit on their own, escalating efforts to undermine President Joe Biden's domestic agenda.
[link:https://www.msn.com/en-us/news/politics/republicans-gear-up-to-inflict-maximum-pain-on-democrats-as-the-debt-default-deadline-inches-closer/ar-AAP49nh?ocid=DELLDHP|]
They are trying to get the upper hand...
PoliticAverse
(26,366 posts)"See the irresponsible Democrats are to blame for the country's huge debt!"
Scrivener7
(50,901 posts)gab13by13
(21,234 posts)I get frustrated when people post right wing talking points here. Fucking let them try to blame Democrats, have a fucking straight up vote but make them stand on the floor and actually filibuster. Do it Schumer.
Scrivener7
(50,901 posts)Historic NY
(37,449 posts)gab13by13
(21,234 posts)it will carry the right wing narratives, that's the way it has always been, this is nothing new.
Bring the debt ceiling vote up for a clean vote and make GQPers actually filibuster it, problem solved who is to blame for crashing the global economy.
MSNBC nor CNN will never carry water for Democrats, never.
Yo_Mama_Been_Loggin
(107,711 posts)It should say "maximum pain on the US". If these mental midgets in the GOP think it's only going to affect the Democrats they have their heads in a dark and stinky place.