McConnell offers extension on debt limit into December

[TexasTowelie]

Source: Reuters

WASHINGTON – Top U.S. Senate Republican Mitch McConnell on Wednesday said his party would support an extension of the federal debt ceiling into December, a move that would head off a historic default with a heavy economic toll.

That could provide an off-ramp to a months-long standoff between President Joe Biden’s Democrats and McConnell’s Republicans, who were expected to block on Wednesday a third attempt by Senate Democrats to raise the $28.4 trillion debt ceiling.

“To protect the American people from a near-term Democrat-created crisis, we will also allow Democrats to use normal procedures to pass an emergency debt limit extension at a fixed dollar amount to cover current spending levels into December,” McConnell said in a statement on Wednesday.

The Wednesday afternoon procedural vote is intended to allow the Senate to begin debating a bill that would suspend the debt limit until December 2022, after elections that will determine control of Congress for the next two years.

Read more: https://www.eastbaytimes.com/2021/10/06/gop-expected-to-block-bill-raising-nations-debt-limit/

[Turbineguy]

1. I'll take it

Last edited Wed Oct 6, 2021, 08:28 PM - Edit history (1)

[jimfields33]

2. Finally movement.

President says no. Mcconnell says June? Nope. Finally November 2022 like the president wants.

[Harker]

3. "We will also allow...".n/t

[KPN]

4. Hmmmm ... guess Moscow Mitch got some recent internal polling data.

EDIT: Nope! Joe did it. He put a leash on old Moscow with that meeting he held with CEOs this morning. Fighting Joe! Way to Go! … I’m so frigging proud of our President Joe Biden.

[gab13by13]

5. Fuck McConnell,

This is why the GQP wanted Dems to raise the ceiling under reconciliation, the key words, fixed dollar amounts. Here we go again with spending on the poor and working class must be offset with cuts elsewhere. Bring the debt ceiling up for a clean vote but make GQPers actually filibuster it, and televise it on TV. Jesus, Mary, and Joseph, I wish I were Chuck Schumer or the person who prepares Schumer's statements.

[wryter2000]

6. Just my guess

This shows he's not willing to let the government default. If he were, he would have let it happen now. I think we've won a game of chicken, at least for now.

[OldBaldy1701E]

26. I agree

I think that is all it is. Who will blink first? DO the rethugs really want to allow all their control to lapse as the federal government stops functioning? How would all those rethugs grifters milking massive government contracts get paid? Yes, it was a game of chicken. But isn't politics in general little more than a 'game' to these people?

[Bayard]

7. "Democrat-created crisis"

Dems better quickly get the message out that this is to pay for TFG's debts. Do NOT let rethuglicans shape this narrative!

[piddyprints]

11. That's what gets me.

He says it with a perfectly straight face. Too many people in this country are frighteningly ignorant of how things work and can only digest the soundbites that the M$M lets out. You can bet this one will be repeated ad nauseam on all the channels for the rest of the week.

[mpcamb]

12. Right! Fat Ass and his cabinet treated your tax dollars like monopoly money.

Put the blame where it belong!

[dweller]

8. Merry fuc'n Christmas

suckers
love, turtle


✌🏻

[secondwind]

9. I don't trust this bastard........... we need to get this DONE, and that is that.

We'll be inching along into next year, with no success.. I don't trust this bastard.

[piddyprints]

10. Fuck Mitch.

I can't say what I hope will happen to that rat turd. He has done nothing but weaken the country with all his shenanigans. And, of course, the idiots who support TFG call all this "winning" as they rattle around in their rusted 70-something pickup trucks full of confederate flag and "lock her up" bumper stickers when they could be doing so much better if republicans never had power to do anything again.



While we're at it, fuck the MSM for not calling out all his lies. I'm so sick of this shit!

[Etherealoc1]

13. We will ALLOW...ain't that some sh&*t

[elleng]

14. fucker.

'Democrat-created crisis' was created by repugs past 4 years.

[Fiendish Thingy]

15. I think he's hoping this will delay the reconciliation bill and other legislation

Without this deal, the debt ceiling would surely have been written into the reconciliation bill and passed before the Oct. 18 deadline, and then the bipartisan bill would have passed soon after that.

I think Mitch is hoping to diminish the momentum on the reconciliation package and deny Biden a win.

[gab13by13]

17. Dems do not want to pass

raising the debt ceiling under reconciliation, never going to happen. If that were to happen any proposed spending would have to be offset by cuts elsewhere. GQPers got their tax cuts they don't want to spend money on the working class and poor.

[Fiendish Thingy]

18. That is false. The only limit using reconciliation has is they would have to name a specific number

[gab13by13]

16. The cards have been dealt,

Democrats have a winning hand, all that is left is to turn over the cards. Make them show their cards, make them actually filibuster.

Why am I wrong about this?

[Justice matters.]

19. Democrats-created what?!?

I guess the Dems voted for the orange terrorist's tax cuts for billionaires and millionaires (himself) that exploded the debt to the amount of $7.8 Trillions? And left one hot-dog per week more to the working class???

And who will call that utter lying BS from Moscow Mitch? Cable TV only??

[maxrandb]

20. Here's my offer Senator

https://m.

[True Blue American]

21. President Biden is having a meeting with CEO's and Yellin on CSPan right now.

They are giving dire warnings on default.

[Martin68]

22. The threat of the filibuster being booted did the trick. This was the perfect rationale for getting

rid of the filibuster for once and for all.

[mcar]

23. McConnell caved!

So much for "Dems in disarray," eh MSM?

[DownriverDem]

24. Only because of

the money folks. repubs are POS.

[PoliticAverse]

25. So did McConnell see that Twilight Zone episode where playing "kick the can"...

makes one young again or what?