Matt Gaetz explains to Fox new some basic facts

[struth]

You don't seem understand the relationship between the two.

Debt Ceiling increase is used to FUND all the deficit spending.

If you don't fund the gov programs, they DEFAULT.

Haha then how come dems always say we can’t talk about spending cuts when we talk about the debt ceiling?

But no, if you don’t raise the ceiling they default

If you don’t have a budget there is no more spending.

 

[Couchpotato]

Nice spin.

Here is what they are saying: we are not passing the funding bill unless our demands X, Y and Z are met.

The demands are passing single issue spending bills like we should have been doing all along. It avoids all (or at least a lot of) the bullshit spending we see in the omnibus bills. We should be funding the government that way. Not sure why anyone is against it. If the spending in the omnibus bill is all good to go then breaking it up into single issue spending bills shouldnt be a problem and the spending should essentially be the same right? The only issue is waiting until the last minute, but Congress waits on purpose so it can avoid having to actually debate what they are spending the money on and get everyone riled up and in their individual camps throwing feces at the other side. Good job. Chimp.

 

[AntonToo]

OH NOOOO!....Hardball negotiations!!

The horror!

Negotiations are: do what we say or the economy gets it.

 

[Oddball]

Negotiations are: do what we say or the economy gets it.

Hyperbole isn't an argument.

 

[Flash]

Nice spin.

Here is what they are saying: we are not passing the funding bill unless our demands X, Y and Z are met.

Remember when Congress authorized spending for the B1 Bomber but when that idiot Carter got into officed he cut off spending?

Remember when Congress gave Trump the money to build a wall on the Southern border but that jackass Biden curtailed the project?

The government prioritizes spending all the time. There is nothing magical about doing it.

How about we stop spending more money than we take in? Isn't that the sane thing to do?

 

[Couchpotato]

Negotiations are: do what we say or the economy gets it.

If the Government is the only reason your economy is afloat.......

 

[Lesh]

Oh yea? So whats this:

Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'

https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023

...there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025. The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management.

And that downgrade was never changed.

You want to downgrade it further?

 

[Couchpotato]

And that downgrade was never changed.

You want to downgrade it further?

More deficit spending will do far more to lead to a downgrade than any government shutdown.

 

[Lesh]

More deficit spending will do far more to lead to a downgrade than any government shutdown.

Nope...that bullshit.

Find a respected economist who agrees with that.

Cause you ain't him

We've had large debt for some time. Never caused a downgrade.

Ya know what did? A government shut down

 

[Couchpotato]

Nope...that bullshit.

Find a respected economist who agrees with that.

Cause you ain't him

We've had large debt for some time. Never caused a downgrade.

Ya know what did? A government shut down

Hey dum dum. The higher the debt goes the more it costs us to just service the debt. Especially as interest rates go up making it harder and harder for us to pay for our obligations. if you dint think that makes us a much larger risk I cant help you.

 

[otto105]

Gaetz and many others in DC knew McCarthy was lobbyist owned. That he only cared about his speakership. Not running the House.

Gaetz here is explaining how it's being done. And this "new anchor" knows what Gaetz is saying it correct. She knows McCarthy is lame. But she still tries to put the blame on Gaetz.

Mat is stupid owned.

Mat like all the Freedumb caucus doesn’t know or care how to govern.

 

[Couchpotato]

Nope...that bullshit.

Find a respected economist who agrees with that.

Cause you ain't him

We've had large debt for some time. Never caused a downgrade.

Ya know what did? A government shut down

US debt downgrade: What it is and what it means for you | Fidelity

The federal government’s credit rating has been cut. Here's what that means.

www.fidelity.com

What's behind the downgrade​

The fact that the federal government has suffered a second debt downgrade 12 years after the first one suggests that Washington’s lack of resolve to meaningfully cut spending is an ongoing concern for ratings agencies and investors alike.

When US debt was downgraded following the 2011 debt-ceiling agreement, one of the reasons ratings agencies gave was the failure of politicians to confront rising debts. Not so long ago, members of both political parties expressed concern about the impacts of government debt and spending. Many Democrats as well as Republicans supported a constitutional amendment requiring a balanced budget and from 1998 to 2001, congressional Republicans and a Democrat president produced balanced federal budgets.

https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023

KEY RATING DRIVERS​

Ratings Downgrade: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.

Does it hurt to be that ignorant and stupid?

 

[Lesh]

US debt downgrade: What it is and what it means for you | Fidelity

The federal government’s credit rating has been cut. Here's what that means.

www.fidelity.com

What's behind the downgrade​

The fact that the federal government has suffered a second debt downgrade 12 years after the first one suggests that Washington’s lack of resolve to meaningfully cut spending is an ongoing concern for ratings agencies and investors alike.

When US debt was downgraded following the 2011 debt-ceiling agreement, one of the reasons ratings agencies gave was the failure of politicians to confront rising debts. Not so long ago, members of both political parties expressed concern about the impacts of government debt and spending. Many Democrats as well as Republicans supported a constitutional amendment requiring a balanced budget and from 1998 to 2001, congressional Republicans and a Democrat president produced balanced federal budgets.

https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023

KEY RATING DRIVERS​

Ratings Downgrade: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.

Does it hurt to be that ignorant and stupid?

So with all the debt we have added since then we must have been downgraded multiple time...right?

Oh that hasn't happened?

It only happened when we shut down the government and threatened (just threatened mind you) to default

 

[Lesh]

KEY RATING DRIVERS​

Ratings Downgrade: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.

repeated debt limit standoffs and last-minute resolutions.

 

[Couchpotato]

repeated debt limit standoffs and last-minute resolutions.

If you don’t want to believe the agency who downgraded the rating that’s your problem.

 

[Lesh]

If you don’t want to believe the agency who downgraded the rating that’s your problem.

Read what you quoted retard

 

[Clipper]

Defaulting on obligations US Government has already passed into law.

This is what these rw morons are talking about voting on line by line.

Fucktwits like Gaetz want line by line vote to fund their own pet programs & to fuck over anyone who doesn't play ball & to scuttle anything they don't like or want to fund.

We're in the hands of a bunch of fucking right wing jerkoffs & assasins.

 

[Couchpotato]

Fucktwits like Gaetz want line by line vote to fund their own pet programs & to fuck over anyone who doesn't play ball & to scuttle anything they don't like or want to fund.

We're in the hands of a bunch of fucking right wing jerkoffs & assasins.

Yeah, because it’s easier to get pork spending if you’re doing single issue voting that omnibus spending bills…..

 

[Couchpotato]

Read what you quoted retard

Look just admit that you were wrong. The agency that downgraded the credit rating said it was due to the Congress‘s refusal to deal with the deficit issue.

 

[Couchpotato]

Read what you quoted retard

No one said the debt limit stand offs were helping. You did claim the debt problem wasnt the reason the rating was downgraded.