The debt limit!

[Papageorgio]

Because every time, Republicans tried the tactic, they were slapped down.
This time will be no different.

With only a 5 vote majority, there will be at least that many sane Republicans who will do the right thing

Yep, not sure why it upsets you so much. It is just the politics of the Republicans and Democrats.

 

[Ray From Cleveland]

Republicans have zero logic, look who they elected.
Then there is this.

The prices of various goods have climbed as demand has increased for limited supply. Despite that, companies have been able to keep profit margins high by cutting costs and passing higher costs along to consumers, Reuters reported in September.
Government numbers, which aren’t adjusted for inflation, were updated on Dec. 22. They show that corporate profits in the quarter ending Sept. 30 tallied $2.7 trillion dollars, the highest level since 1950. Corporate profits in the previous quarter also reached a high as a percentage of gross domestic product.

If that's so, why is the stock market tanking? Stocks reflect corporate profits.

 

[Nuthin' Fancy]

If that's so, why is the stock market tanking? Stocks reflect corporate profits.

They aren't, until Friday.
Thanks, republicans.

 

[hadit]

Show where Democrats have ever conceded anything related to raising the debt limit.

If they do it once, they will have to always do it

And that's the game they play. This is not your grandpa's Republican party, however. These guys just may have the cajones to actually fight.

 

[JimH52]

Preparing to ‘play chicken’ with default: Understanding Republicans’ ‘debt limit terror’​

The United States is the only major industrial nation with a debt ceiling. America’s debt ceiling, moreover, applies only to budgetary appropriations that have already been made; it has no impact on future spending or borrowing. Indeed, as one legal scholar has argued, since legislation passed by Congress and signed by the president implicitly authorizes the U.S. Treasury to spend the money necessary to implement it, a separate requirement to increase the accrued debt creates the possibility of default, and may therefore be unconstitutional.

In any event, although debates about the national debt have become increasingly partisan, Congress and the president have agreed to increase the debt ceiling over 100 times since World War II. The debt limit has also been “suspended” — a distinction, made for political reasons, without a substantive difference — seven times. The debt ceiling was raised three times while Donald Trump was President. In 2019, when Congress suspended the debt ceiling until July 2021, Trump exulted that the agreement was “phenomenal.” The ceiling has been raised twice with Joe Biden in the White House.

Preparing to ‘play chicken’ with default: Understanding Republicans’ ‘debt limit terror’

Moody’s has estimated default could result in a 4 percent drop in GDP, 9 percent unemployment and a $15 trillion loss in household wealth.

thehill.com

We can't worry about the debt, Biden has one more time to raise the debt. If if's good for tramp why not make it good for Biden.

This is a chance for the MAGA nuts to tear the whole thing down. That is what they have been chomping at the bit for.

 

[Nuthin' Fancy]

This is a chance for the MAGA nuts to tear the whole thing down. That is what they have been chomping at the bit for.

Correct.

July 25 2022
Fresh from a double contempt of Congress conviction linked to his role in the Jan. 6, 2021, insurrection, Steve Bannon is now calling on “4,000 shock troops” to “deconstruct” the federal government “brick by brick.”

He wants to see people “stepping forward, say[ing], ’Hey, I want to be one of those 4,000 shock troops,” Bannon said on his “War Room” podcast Monday. “This is taking on and defeating and deconstructing the administrative state,” he added.

“Shock troops” are assault forces that lead an attack.

“Suck on it,” said Bannon. “We’re destroying this illegitimate regime.”

Bannon’s incendiary comments evoked his ominous call the day before the U.S. Capitol riot, when he told supporters of then-President Donald Trump on his podcast: “All hell is going to break loose tomorrow. We’re on ... the point of attack ... strap in.”

 

[jbander]

You seem to believe that big business will not pass on increased costs to the ultimate consumer.

What the hell are you talking about , You responded to a comment that says nothing about taxing business. What they have to do with business is take away every free ride as far as taxes are concerned so the biggest businesses in this country pay nothing or even worse get free money from the government . You could get billions from

 

[rightwinger]

And that's the game they play. This is not your grandpa's Republican party, however. These guys just may have the cajones to actually fight.

Paying your debts is no game

 

[rightwinger]

Yep, not sure why it upsets you so much. It is just the politics of the Republicans and Democrats.

Default is not a game

 

[jbander]

This is a chance for the MAGA nuts to tear the whole thing down. That is what they have been chomping at the bit for.

Let them try, Dems should let them , big business will eat their shorts. That is if they don't totally bring down our country and government with their clown act , hell this only gives them another chance , like jan6th to force in a piece of shit for a dictator.

 

[jbander]

Default is not a game

You are right, but the only way to stop them from taking control of s[pending every year is by calling their bluff. Like I said if business sees the squeeze they will tear the right apart. They own the republicans.

 

[jbander]

Default is not a game

We own our own debt 75% of it anyway and we sure as hell won't call our debt on ourselves

 

[80zephyr]

What the hell are you talking about , You responded to a comment that says nothing about taxing business. What they have to do with business is take away every free ride as far as taxes are concerned so the biggest businesses in this country pay nothing or even worse get free money from the government . You could get billions from

Same difference. Losing these "free rides" will force business to raise prices for the ultimate consumer.

 

[Nostra]

Default is not a game

Link us up to all the times when you clowns started bleating DEFAULT ON THE DEBT that we actually defaulted on our debt.
I’ll wait.

 

[hadit]

Paying your debts is no game

Paying your debts with a credit card isn't either, but here we are....

 

[JimH52]

Paying your debts is no game

If the moronic MAGA members of the House push the country into default...the real GOP will suffer for generations to come.

 

[Ray From Cleveland]

You are right, but the only way to stop them from taking control of s[pending every year is by calling their bluff. Like I said if business sees the squeeze they will tear the right apart. They own the republicans.

Old wives tale. The top wealthiest people in this country are liberals. Trump was outspent in his last two elections by two to one, and the Dems didn't get that money from homeless people.

 

[Mac1958]

Since the two parties no longer have the ability to work together like normal, reasonable adults, they figure that any change has to come from crisis.

This ain't the way it's supposed to work, the parties know that, but that's where we are in our decline: The deck hands pointing at each other while the Titanic sinks.

 

[Papageorgio]

Default is not a game

Except as you said, it won’t happen, so politicians know it’s a game.

 

[Nostra]

If the moronic MAGA members of the House push the country into default...the real GOP will suffer for generations to come.

See post #334, Simp.