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Old September 6th, 2017, 11:37 AM   #1
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Republicans Furious As Trump Sides With Democrats On Short-Term Debt Limit Extension

It appears President Trump has found a new ally in Congress: the Democrats whose plan - derided earlier by Paul Ryan - to keep any 'fix' for the debt-ceiling, short-term; was approved over the Republicans' howls of objection. As The Hill reports, President Trump agreed with top congressional Democrats at a White House meeting to fund the government and raise the debt ceiling through Dec. 15. despite objections from virtually all GOP leaders.

"In the meeting, the President and Congressional leadership agreed to pass aid for Harvey, an extension of the debt limit, and a continuing resolution both to December 15, all together," Senate Minority Leader Charles Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) said in a joint statement.

While the report give the impression of delightful civility, the reality was rather different, as Trump concluded a deal with Schumer, Pelosi et al behind Ryan and McConnell's backs.


Republicans Furious As Trump Sides With Democrats On Short-Term Debt Limit Extension | Zero Hedge

The theatre just keeps telling everyone the truth and nobody wants to listen.
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Old September 6th, 2017, 12:17 PM   #2
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Better than threatening to default on the debt in an attempt to achieve legislative goals that cannot be otherwise attained without the threat of government default like Republicans did for the past 8 years.
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Old September 6th, 2017, 12:24 PM   #3
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Old September 6th, 2017, 02:49 PM   #4
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I keep telling you (as do they by their actions) that both wings belong to the same bird. We can make them stop playing us but we won't. It would take both sides acknowledging that we are indeed being played, and harder still dropping our partisanship long enough to kick their asses out of Washington. We won't do that of course, as a Nation, as a collective it's much to hard to ever admit we've been duped.
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Old September 6th, 2017, 03:14 PM   #5
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What other nation on Earth has a "debt limit"?

I enthusiastically endorse the INTENDED PURPOSE of the debt limit; to end deficits.

IT'S NOT WORKING !!!

Do they really think:
- well, it's never worked before
- it's been one damned crisis after another, including
- repeated government shut-downs, etc. and
- congress distracted from the legislative duties and burdens before it, to deal with this ridiculous self-induced serial crisis.

If the REPUBLICANS had a lick of sense they'd not only solve the immediate crisis of the debt ceiling limit.
They'd end the debt ceiling entirely, and be done with it.

That way they could devote to balancing the budget the amount of time they waste on faddiddling with the debt ceiling each cycle.

But the Republicans have neither the spine, nor the brains for such permanent solution.

And candidly, Republicans aren't fiscally conservative enough to want to balance the budget either. They prefer the superficial appearance of a "debt ceiling".

C O W A R D S !!
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Old September 6th, 2017, 04:01 PM   #6
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Originally Posted by titan View Post
What other nation on Earth has a "debt limit"?

I enthusiastically endorse the INTENDED PURPOSE of the debt limit; to end deficits.

IT'S NOT WORKING !!!

Do they really think:
- well, it's never worked before
- it's been one damned crisis after another, including
- repeated government shut-downs, etc. and
- congress distracted from the legislative duties and burdens before it, to deal with this ridiculous self-induced serial crisis.

If the REPUBLICANS had a lick of sense they'd not only solve the immediate crisis of the debt ceiling limit.
They'd end the debt ceiling entirely, and be done with it.

That way they could devote to balancing the budget the amount of time they waste on faddiddling with the debt ceiling each cycle.

But the Republicans have neither the spine, nor the brains for such permanent solution.

And candidly, Republicans aren't fiscally conservative enough to want to balance the budget either. They prefer the superficial appearance of a "debt ceiling".

C O W A R D S !!
That's not why the US has a debt limit.
Prior to WWI, congress funded the spending of each bill, allocating so much tax money to this bill, or authorizing borrowing to fund another bill.
The spending on WWI made for a legislative log jam.
So to facilitate spending, congress decided to just let the treasury borrow as needed to pay for spending, someone suggested that the borrowing should be authorized by congress, so congress just set a limit, and authorized the treasury to borrow up to that limit, when the treasury got close to the limit, it was raised, with little or no debate. Only recently has it been used as a tool in an attempt to force legislation that would not otherwise pass.

Think about it, congress has set the tax rates, and has authorized the spending, the increase in the debt has already been voted on, voting on it again, was just a formality, until recently when every jot and tittle of the constitution has been weaponized by the special interests on behalf of the wealthy.

It's nice to have a party in your pocket, when your aim is to benefit your clients at the expense of the general public.
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Last edited by goober; September 6th, 2017 at 04:06 PM.
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Old September 7th, 2017, 05:34 AM   #7
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Originally Posted by goober View Post
That's not why the US has a debt limit.
Prior to WWI, congress funded the spending of each bill, allocating so much tax money to this bill, or authorizing borrowing to fund another bill.
The spending on WWI made for a legislative log jam.
So to facilitate spending, congress decided to just let the treasury borrow as needed to pay for spending, someone suggested that the borrowing should be authorized by congress, so congress just set a limit, and authorized the treasury to borrow up to that limit, when the treasury got close to the limit, it was raised, with little or no debate. Only recently has it been used as a tool in an attempt to force legislation that would not otherwise pass.

Think about it, congress has set the tax rates, and has authorized the spending, the increase in the debt has already been voted on, voting on it again, was just a formality, until recently when every jot and tittle of the constitution has been weaponized by the special interests on behalf of the wealthy.

It's nice to have a party in your pocket, when your aim is to benefit your clients at the expense of the general public.
Agreed but BOTH Party's are in their pockets.
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Old September 7th, 2017, 06:30 AM   #8
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Agreed but BOTH Party's are in their pockets.
It's like Ken Lay told Enron executives, give money to both parties, but give more to the Republicans, you get more back.
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Old September 7th, 2017, 06:40 AM   #9
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Originally Posted by goober View Post
It's like Ken Lay told Enron executives, give money to both parties, but give more to the Republicans, you get more back.
Don't fall for their false equivalency bullshit. The internet spawned a right wing media that has shifted the Republican Party to the right extreme. Democrats behave nothing like them. If we had the presidency and both houses of Congress, we would be going to town. They still can't govern with that advantage. Both sides are not the same at all.
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Old September 7th, 2017, 07:55 AM   #10
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Quote:
"The spending on WWI made for a legislative log jam.
So to facilitate spending, congress decided to just let the treasury borrow as needed to pay for spending" g #6
But not unlimited.

congress could have said: we'll just borrow whatever (however much) we want.
They wanted the fig-leaf of a limit.

But when has the U.S. federal debt limit actually ever limited spending?

Oh, we'd like to fund this pet project, but there's not enough in the treasury to cover it, so we'll just have to skip it for now.

I don't recall that ever happening.

Let's be unambiguously clear here.
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Reload this Page Republicans Furious As Trump Sides With Democrats On Short-Term Debt Limit Extension
President Trump is force-feeding the Republican congressional caucus of both houses a crap sandwich on this one.
Amazingly, the Democrats have simply out-maneuvered McConnell & Ryan on this one.

And it may just help hand one or both houses back to Democrat control in 2019.
And Trump isn't sophisticated enough to think that far ahead: for Trump got his deal.
AND can be praised for being a bipartisan president.
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