They want Democrats to tackle the debt ceiling in a separate filibuster-proof package because, under Senate budget rules, that would require endorsing a dollar figure on how much the U.S. can borrow. It’d be high due to the accumulation of debt over generations — $30 trillion or more.
For years, Congress has avoided putting a dollar figure on the debt limit. Under the regular process that is subject to a 60-vote filibuster, Congress can simply “extend” it to a date and enable the government to borrow as much money as it needs to pay bills during that time. That was done most recently, in 2019, under former President Donald Trump.
Lifting the debt ceiling does not authorize new spending. It enables the U.S. government to borrow the money that's needed to pay bills it has already accrued.
We may be just DESTINED to have another Republican depression!
Republicans don't want anything good for the people to pass because the Democrats would be applauded. What they don't understand is that blocking these things hurt the people, including their constituents, which may harm them at election time.
If the debt ceiling isn't extended and the gov't has to shut down eventually b/c of it and I can't pay my bills b/c my social security check doesn't come just know that I aim to let everyone know this belongs to DarkMoneyMitch This will be his hashtag: McConnellDefault
Maybe if the media could actually report the truth about this issue, the Republicans would be shamed into doing the country's work. There is what aboutism with this!
This is biased reporting enough with the spending the people are calling their representatives demanding they stop this insanity
Because Republicans would more than happily watch the world burn if it meant they had all the power. This is not hard.
The debt limit was suspended three times under Trump, who used debt to fund his 2017 tax cuts and then needed to borrow even more when the economy tanked last year with COVID-19.
alaskarebel The Republicans don't want to pay for their bills from the last administration.
In shadow, he looks even more like a turtle.
If the Dems put up a clean bill with no pork or BS, the Reps better support. The Reps better get something better for election ads since they are all in on the past deficit spending.
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