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House votes to pass debt ceiling bill in win for McCarthy

Chomsky

Chomsky

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(CNN) House votes to pass debt ceiling bill in win for McCarthy
The House voted Wednesday to pass a bill raising the nation’s debt ceiling, after days of wrangling Republican lawmakers to unify behind the package, which would bolster House Speaker Kevin McCarthy’s position at the negotiating table with the White House.

The final vote was 217-215, with four Republicans – Ken Buck of Colorado, Andy Biggs of Arizona, Tim Burchett of Tennessee and Matt Gaetz of Florida – voting against the bill. McCarthy could only lose four votes and prevail on the vote.
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It appears Speaker McCarthy passed a Bill out of his caucus. But did he craft a Bill that can pass into law? That's the real test.
 
BlueTex said:
Dead on arrival in the senate...
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ClaraD said:
I am betting that its dead in the Senate....
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Rawley said:
SChumer hasn't even seen it and he's already taken a dump on it.
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I’m surprised he got it through the House.

The article states Biden will meet with McCarthy, but won't compromise on raising the debt limit. Given the money has been already budgeted, and the country's credit & economy are at stake, I can't really blame him.

We're only one of two countries to have this ridiculous debt limit, and the other country is so small and out-of-the-way I don't even remember it.
 
Chomsky said:
I’m surprised he got it through the House.

The article states Biden will meet with McCarthy, but won't compromise on raising the debt limit. Given the money has been already budgeted, and the country's credit & economy are at stake, I can't really blame him.

We're only one of two countries to have this ridiculous debt limit, and the other country is so small and out-of-the-way I don't even remember it.
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The debt limit has to be raised. The question is what spending cuts is Biden willing to agree to in order to get a deal.
 
Moon said:
The debt limit has to be raised. The question is what spending cuts is Biden willing to agree to in order to get a deal.
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Given that the money was legally budgeted already, I'm not sure why Biden should agree to cuts? Let McCarthy try to cut his own budget, is my feeling.

Inflation/COL went up 9%, and he wants to cut?
 
Chomsky said:
Given that the money was legally budgeted already, I'm not sure why Biden should agree to cuts? Let McCarthy try to cut his own budget, is my feeling.

Inflation/COL went up 9%, and he wants to cut?
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It takes both sides to make a deal.
 
Moon said:
It takes both sides to make a deal.
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I'm not sure why "a deal" needs to be made? The money's been budgeted, and raising the debt limit has been a perfunctory matter until just recently. I think we should get back to it. Then McCarthy can do the budget he's been tasked with for next year, and not muck around with last year's budget.

Obama held tight the last time Ted Cruz and his miscreants tried to hold him up, and they eventually caved - receiving the bulk of the blame.

Now is the time for Biden to stay strong against them and call them out, like Obama did. I suspect Biden remembers their caving, well.
 
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Chomsky said:
I'm not sure why "a deal" needs to be made? The money's been budgeted, and the debt limit raisehas been a perfunctory matter until just recently. I think we should get back to it. Then McCarthy can do the budget he's been tasked with for next year, and not much around with last year's budget.

Obama held tight the last time Ted Cruz and his miscreants tried to hold him up, and they eventually caved - receiving the bulk of the blame.

Now is the time for Biden to stay strong against them and call them out, like Obama did. I suspect Biden remembers their caving, well.
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The Democrats in the last Congress should have anticipated this and passed a debt ceiling increase when they had the majority. Of course, it’s possible they did anticipate this and decided this fight was worth having knowing the Republicans would get the blame.
 
Moon said:
The Democrats in the last Congress should have anticipated this and passed a debt ceiling increase when they had the majority. Of course, it’s possible they did anticipate this and decided this fight was worth having knowing the Republicans would get the blame.
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I'm suspect the bolded's exactly it.

But there's no reason to have "this fight". Raising the debt limit has been a perfunctory matter until recent years. Only recently has this become a side-show where the New Congress attempt to enforce its will upon the Old Congress.

You know how many countries have this asinine system of a debt ceiling? Two! Us & some tiny country I've never heard of before! It's ridiculous to have a debt ceiling in the first place, much less fight about the money already budgeted & allocated, especially given it was allocated by the previous Congress.
 
Moon said:
The debt limit has to be raised. The question is what spending cuts is Biden willing to agree to in order to get a deal.
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I may have heard it wrong but it sounds like Biden isn't willing to negotiate.
 
Rawley said:
SChumer hasn't even seen it and he's already taken a dump on it.
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What a joke. It is nothing but a radical right wish list that will tank the economy and schedules another debt ceiling fight for the election year. Does McCarthy even know that a real budget must be bipartisan and be negotiated with Senate leaders so it can pass both Houses and be signed by the President?
 
Chomsky said:
I'm suspect the bolded's exactly it.

But there's no reason to have "this fight". Raising the debt limit has been a perfunctory matter until recent years. Only recently has this become a side-show where the New Congress attempt to enforce its will upon the Old Congress.

You know how many countries have this asinine system of a debt ceiling? Two! Us & some tiny country I've never heard of before! It's ridiculous to have a debt ceiling in the first place, much less fight about the money already budgeted & allocated, especially given it was allocated by the previous Congress.
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We absolutely were going to have this fight because there’s a presidential election next year and the only thing that matters is political posturing.

My two cents is the Constitution should be amended to eliminate the debt ceiling altogether. Barring that, the next party in control should raise the limit so high we won’t reach it for 100 years. The REAL fight and debate should be about the budget.
 
Chomsky said:
It appears Speaker McCarthy passed a Bill out of his caucus. But did he craft a Bill that can pass into law? That's the real test.
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Soon, Veto Corleone will make him an offer he can't refuse.
 
Moon said:
We absolutely were going to have this fight because there’s a presidential election next year and the only thing that matters is political posturing.

My two cents is the Constitution should be amended to eliminate the debt ceiling altogether. Barring that, the next party in control should raise the limit so high we won’t reach it for 100 years. The REAL fight and debate should be about the budget.
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(y)
 
vesper said:
I may have heard it wrong but it sounds like Biden isn't willing to negotiate.
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Why should Biden "negotiate"?

Debt Ceiling is an archaic perfunctory matter that has not been anything more than that - until just recently. If McCarthy wants to politicize it, let him take the fall.

Biden was in the White House when Obama held fast when Ted Cruz tried to pull this stunt. Obama held, Cruz folded, and Republicans took the lion's share of the blame. I suspect Biden learned a lesson, there.
 
Moon said:
The Democrats in the last Congress should have anticipated this and passed a debt ceiling increase when they had the majority. Of course, it’s possible they did anticipate this and decided this fight was worth having knowing the Republicans would get the blame.
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The Democrats did pass a a debt ceiling hike to get through the 2020 midterms with zero help from Republicans.
 
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