Pelosi: No debt ceiling increase until deal on spending caps

[Bitek]

Did OP go on vacation?

He abandoned thread after post 1.

Guess you should actually read the story you quote before you run off to post it and bitch about the other side.

 

[UglyCasanova]

What in the story was he incorrect about?

 

[ch33zw1z]

What in the story was he incorrect about?

Since the OP only seemed to care about the words "hostage taking", how about you read the article and tell us how Pelosi is "hostage taking"

 

[UglyCasanova]

Since the OP only seemed to care about the words "hostage taking", how about you read the article and tell us how Pelosi is "hostage taking"

Taking the economy hostage by threatening to default on the debt if we don’t increase her credit card limit.

Edit: yep I unhid that 😉

 

[ch33zw1z]

Taking the economy hostage by threatening to default on the debt if we don’t increase her credit card limit.

Good, I assume this maneuver is well within you're accepted methods of negotiation now.

Post #3 should have cleared up any confusion for you.

Edit: yep I unhinges that 😉

yea, you unhinge a lot. it's why I asked the first question.

 

[JSt0rm]

what this is is gop trying to position the next debt ceiling battle as dems fault since last time smoothebrain j turnip completely messed up by taking ownership of it.

 

[ch33zw1z]

what this is is gop trying to position the next debt ceiling battle as dems fault since last time smoothebrain j turnip completely messed up by taking ownership of it.

pretty much, while trying to ensure the defense spending gets a pass.

The White House has demanded that the statutory caps remain in place while raising defense spending through a budget maneuver. House Democrats, meanwhile, have been passing spending bills that would increase funding levels by $17 billion for defense and $34 billion for nondefense.

And don't forget how Republicans aren't in agreement over the issue

https://www.politico.com/story/2019/06/11/trump-mulvaney-russ-vought-1360828

 

[Jhhnn]

Taking the economy hostage by threatening to default on the debt if we don’t increase her credit card limit.

Edit: yep I unhinges that 😉

Not quite. It all goes back to 2011 when the GOP plan to fight the recession was austerity & the whole sequestration rigamarole came into being. So they've had to get around sequestration ever since by doing what Pelosi wants. If not, automatic cuts engage, to the tune of a 10% spending reduction.

 

[K1052]

what this is is gop trying to position the next debt ceiling battle as dems fault since last time smoothebrain j turnip completely messed up by taking ownership of it.

Mulvaney and his crew trying for a Tea Party win from the executive branch. Though their strategy is stupid and doomed to fail as McConnell is telling them.

 

[DrDoug]

what this is is gop trying to position the next debt ceiling battle as dems fault since last time smoothebrain j turnip completely messed up by taking ownership of it.

Close... they are positioning the narrative for the media now so that when Combover Caligula drives us off the next fiscal cliff then the media will hopefully blame the Democrats for the mess. They are basically admitting that they have no idea what Dysfunctional Donnie is going to do then so they are deploying the blame now. All they know is that they don't want to chance being blamed for another shutdown, right before they run for reelection. Dear Leader doesn't give a shit about them and their campaigns because he has their base under his control, so they dare not cross him in public. This is getting worse for the GOP and with their leaders track record, it's probably all downhill from here on out.

You could put Err Furor's responses in a Magic 8 Ball and replace him with it and it would do a better job than he does...lol!

 

[UglyCasanova]

yea, you unhinge a lot. it's why I asked the first question.

Meant to type unhid, it autocorrected. Still got you blocked but I click show content every now and then, especially when somebody’s reply doesn’t make sense

 

[ch33zw1z]

Meant to type unhid, it autocorrected. Still got you blocked but I click show content every now and then, especially when somebody’s reply doesn’t make sense

Womp womp.

 

[ch33zw1z]

Not quite. It all goes back to 2011 when the GOP plan to fight the recession was austerity & the whole sequestration rigamarole came into being. So they've had to get around sequestration ever since by doing what Pelosi wants. If not, automatic cuts engage, to the tune of a 10% spending reduction.

I don't think goatboy cares. Probably just gonna spread the FUD and cheer on the burn it down.

 

[glenn1]

Did OP go on vacation?

He abandoned thread after post 1.

Guess you should actually read the story you quote before you run off to post it and bitch about the other side.

What else is there really to say? Again I hope she carries out her threat, empty as it is. Mostly nuking the ability of the federal government to borrow money would be a godsend, and if it really did need to borrow (say to fight an actual declared war like WW2) then paying junk bond rates would be acceptable. Defense spending should be cut by at least half, domestic spending aggressively tapered off, and every marginal tax rate increased by at least 10%. The Balanced Budget Amendment should be passed with provisions that any congress critter that votes for deficit spending outside a declared war automatically loses their seat.

 

[fskimospy]

What else is there really to say? Again I hope she carries out her threat, empty as it is. Mostly nuking the ability of the federal government to borrow money would be a godsend, and if it really did need to borrow (say to fight an actual declared war like WW2) then paying junk bond rates would be acceptable. Defense spending should be cut by at least half, domestic spending aggressively tapered off, and every marginal tax rate increased by at least 10%.

Can you point me to any coherent economic theory that says defaulting on our sovereign debt would be a good thing?

The Balanced Budget Amendment should be passed with provisions that any congress critter that votes for deficit spending outside a declared war automatically loses their seat.

It is kind of amazing that even after seeing the utter failure of austerity after the financial crisis that people would want to not only do it again, but to bake it into the Constitution so that dumb fiscal policy is a requirement.

Plenty of countries tried your economic idea. It failed. Why would you want to fail again and again?

 

[dainthomas]

Republican logic is to gut revenue by tax cuts then moan about the giant deficits you've created and how the Democrats are somehow responsible so discretionary funding or social programs have got to be cut.

A clean debt ceiling raise that would carry the country through the next election is a political minefield that McConnell himself doesn't want to navigate. That's why he and basically everyone else in congress want a caps deal coupled with a debt ceiling rase together to get though 2020.

Been doing this since the 80's.

 

[ivwshane]

Can you point me to any coherent economic theory that says defaulting on our sovereign debt would be a good thing?



It is kind of amazing that even after seeing the utter failure of austerity after the financial crisis that people would want to not only do it again, but to bake it into the Constitution so that dumb fiscal policy is a requirement.

Plenty of countries tried your economic idea. It failed. Why would you want to fail again and again?

Are you seriously asking a guy who supports a political party who's economic policies have failed repeatedly?

 

[UberNeuman]

GOP economic theory in a nutshell.

 

[Bitek]

What else is there really to say? Again I hope she carries out her threat, empty as it is. Mostly nuking the ability of the federal government to borrow money would be a godsend, and if it really did need to borrow (say to fight an actual declared war like WW2) then paying junk bond rates would be acceptable. Defense spending should be cut by at least half, domestic spending aggressively tapered off, and every marginal tax rate increased by at least 10%. The Balanced Budget Amendment should be passed with provisions that any congress critter that votes for deficit spending outside a declared war automatically loses their seat.

I'll skip all the economic hackery of BBAs et al,
but you could have at least understood the situation and presented an informed opinion instead of a herpa-derpa troll thread.

Cliff notes:
-WH can't communicate its direction on budget
-Mulvaney is a loose cannon, cut Ds out of nego.
-Senate GOP exasperated with flailing WH
-Pelosi left note to GOP: "here's our position, call us when you remove heads from asses and we can talk like adults."

But yeah @glenn1, herpaderpa Pelosi


GOP in disarray as budget impasse threatens shutdown, deep cuts — and default

"Senate Republicans and the Trump administration are struggling to reach an agreement on a path forward on critical budget and spending issues, threatening not only another government shutdown and deep spending cuts but a federal default that could hit the economy hard.

GOP leaders have spent months cajoling President Trump in favor of a bipartisan budget deal that would fund the government and raise the limit on federal borrowing this fall, but their efforts have yet to produce a deal. And the uncertain path forward was underscored a few days ago at the Capitol, when a budget meeting between key Senate Republicans, including Majority Leader Mitch McConnell (R-Ky.), and senior White House officials left out Democrats, whose votes will be imperative to avoid a shutdown and an economy-shaking breach of the federal debt limit.

“We’re negotiating with ourselves right now,” said Senate Appropriations Chairman Richard C. Shelby (R-Ala.). “The president, the administration, has some views, maybe, that are a little different sometimes than the Senate Republicans have. So we’re trying to see if we can be together as best we can.
..
Mulvaney has been slow to come around to the need for a bipartisan budget deal that would raise domestic and military spending caps, even after McConnell met privately with Trump last month and got the president’s blessing to proceed with such a deal,
...
The administration also has pushed for raising the debt limit as soon as possible, while House Speaker Nancy Pelosi (D-Calif.) has made clear that a vote on the debt limit is off the table until a spending deal is reached. Senate Republicans, too, favor including the debt limit in a broader spending deal, but some complain that they still don’t know exactly what the White House will support when it comes to any of the financial issues they’re confronting.

“I think that’s what we’re trying to find out,” said Sen. John Thune (S.D.), the No. 2 Senate Republican. “Our members are ready to move, but they don’t want to move unless the White House is on board with all of the above.”