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What is the desired end game supposed to be, of successive "clean" debt ceiling hikes? How much longer should we be spending money we don't have—enough to make
by Georgelemental 4y ago
What is the desired end game supposed to be, of successive "clean" debt ceiling hikes? How much longer should we be spending money we don't have—enough to make inflation even worse? Enough that nobody will lend to us anymore and default is forced? What's the plan here?
- aschearer 4y agoWhatever needs to be done must be done during the budgeting process. Not when the check comes due. Congress wrote the check years ago. Now it's time to pay. If Republicans truly want a more balanced budget they should pursue it then. Of course, the last time the Republicans passed a budget it was far from balanced. Make of that what you will.
- Georgelemental 4y ago> Whatever needs to be done must be done during the budgeting process. If the "normal" process could fix our serious problem, it would have done so long ago. Instead, deficits have exploded. If the only way to force a discussion on reigning in spending before disaster strikes is via debt-ceiling negotiation, so be it. > Of course, the last time the Republicans passed a budget it was far from balanced. And shame on the Republicans who passed that budget!
- ProjectArcturis 4y agoOur debt will continue to grow exponentially, along with our overall economy and population size. That's the plan.
- jesushax 4y agoYour population size is not growing anywhere near exponentially: https://www.google.com/search?client=firefox-b-d&q=us+population+growth https://www.google.com/search?client=firefox-b-d&q=us+popula...
- deleted 4y ago[deleted]
- astrange 4y agoThe debt ceiling isn't what prevents us from spending money we don't have. Congress causes deficit spending to happen by passing budgets. The debt ceiling is more like refusing to pay your credit card bill after you've already used it to buy stuff.
- Georgelemental 4y agoI am not against Congress passing a debt ceiling hike, I am against Congress passing a "clean" hike that is not paired with the needed cuts in spending. The normal budgeting process clearly hasn't been working, if debt ceiling negotiations are the only way to force a fix then so be it.
- GalenErso 4y agoBut it won't work. The administration won't trade spending cuts for a clean hike. It's like a hostage taker whose demands aren't met. You're left with two options: surrender, or shoot the hostage. Neither gets you what you want, but one is more reasonable than the other.
- astrange 4y agoThe adminstration doesn't write budgets, Congress does, even if the president hosts the meetings where they talk about it. (Although presidents do run on doing a lot of things they don't have the power to do.)
- junofan 4y agoThe President writes the budget. You can find the budgets here: https://www.govinfo.gov/app/collection/budget/2023 https://www.govinfo.gov/app/collection/budget/2023 Congress passes nonbinding budget resolutions on themselves and binding appropriations bills on the Treasury.
- JumpCrisscross 4y ago
- HDThoreaun 4y agoBiden has already agreed to negotiate on the budget once the debt ceiling is raised.
- roflyear 4y agoWe already spent the money. Raising the debt ceiling is just a way for us to formally say "not declaring bankruptcy see ya in a bit"