LateToCult 41,827 Posted May 28, 2023 Share Posted May 28, 2023 Well, it was announced on a Sunday before a national holiday so I think there’s gonna be a lot of unhappy campers when the details come out. Link to post Share on other sites More sharing options...
PunkTheFunk 125,703 Posted May 29, 2023 Share Posted May 29, 2023 Doesn't this fabricated drama happen like every year Link to post Share on other sites More sharing options...
Nemo 4,410 Posted May 29, 2023 Share Posted May 29, 2023 2 minutes ago, PunkTheFunk said: Doesn't this fabricated drama happen like every year No, actually. The last time it was a serious issue was in 2013. Link to post Share on other sites More sharing options...
Roughhouse Dandy 13,596 Posted May 29, 2023 Share Posted May 29, 2023 8 minutes ago, PunkTheFunk said: Doesn't this fabricated drama happen like every year Nah, usually just during democrat administrations. When "conservatives" are running things, our money seems to be infinite 🙃 This is my Hannah Montana™️ lipgloss. Link to post Share on other sites More sharing options...
AsleepOnTheCeiling 6,939 Posted May 29, 2023 Share Posted May 29, 2023 9 minutes ago, Nemo said: No, actually. The last time it was a serious issue was in 2013. Yeah defaults. But we have government shutdowns nearly yearly at this point. Not on the same scale, but unnecessary drama that impacts Americans and makes the country look like a joke Link to post Share on other sites More sharing options...
tomsches 17,550 Posted May 29, 2023 Share Posted May 29, 2023 So what’s their solution? Are they suddenly not in debt anymore or suddenly they’re able to pay them off? Link to post Share on other sites More sharing options...
AsleepOnTheCeiling 6,939 Posted May 29, 2023 Share Posted May 29, 2023 16 minutes ago, tomsches said: So what’s their solution? Are they suddenly not in debt anymore or suddenly they’re able to pay them off? No they're just able to continue paying the debt that's already there. This was being held hostage because the GOP wants "spending cuts" (but only to things such as welfare, not defense). Link to post Share on other sites More sharing options...
heygurlhi 3,200 Posted May 29, 2023 Share Posted May 29, 2023 biden sold us out to republicans again cant wait for him to loose Ignore me i drink Link to post Share on other sites More sharing options...
Monstermilo 5,471 Posted May 29, 2023 Share Posted May 29, 2023 48 minutes ago, heygurlhi said: biden sold us out to republicans again cant wait for him to loose girl what did u want him to do? let us default and crash the global economy???? republicans are to blame are u serious Link to post Share on other sites More sharing options...
berlinforme 5,385 Posted May 29, 2023 Share Posted May 29, 2023 32 minutes ago, Monstermilo said: girl what did u want him to do? let us default and crash the global economy???? republicans are to blame are u serious And also, why do people always act like a republican victory by Trump or DeSantis would be an alternative? Lol Link to post Share on other sites More sharing options...
heygurlhi 3,200 Posted May 29, 2023 Share Posted May 29, 2023 57 minutes ago, Monstermilo said: girl what did u want him to do? let us default and crash the global economy???? republicans are to blame are u serious use the 14th amendmend or idk call the corrupt ass republicans out n their bluff aint there a single chance the donors off these curruot mother****ers would let them crash the economy, this is all theater and republican ass Biden is in on it he always caves to the right, weak as loser Ignore me i drink Link to post Share on other sites More sharing options...
LateToCult 41,827 Posted May 29, 2023 Author Share Posted May 29, 2023 20 minutes ago, heygurlhi said: use the 14th amendmend or idk call the corrupt ass republicans out n their bluff aint there a single chance the donors off these curruot mother****ers would let them crash the economy, this is all theater and republican ass Biden is in on it he always caves to the right, weak as loser Not too much on old bag of bones now, he managed to keep the student debt relief plan untouched when it would’ve been very easy to let it be gutted in the negotiations. Jury’s still out on Old Man Jenkins Link to post Share on other sites More sharing options...
efrs 435 Posted May 29, 2023 Share Posted May 29, 2023 3 hours ago, LateToCult said: Not too much on old bag of bones now, he managed to keep the student debt relief plan untouched when it would’ve been very easy to let it be gutted in the negotiations. Jury’s still out on Old Man Jenkins He used the weaker of two legislative authorities to do student debt cancellation. The higher education act gives him the authority to clear ALL student debt under p much any circumstance. The HEROES act has a similar authority but only in times of emergency (COVID) which he just ended this year. Link to post Share on other sites More sharing options...
Economy 52,837 Posted May 29, 2023 Share Posted May 29, 2023 12 hours ago, tomsches said: So what’s their solution? Are they suddenly not in debt anymore or suddenly they’re able to pay them off? Basically it's a legal debt limit that's self imposed and once the US debt reaches a certain level it's not allowed to borrow anymore. So then they have to raise the debt ceiling which in order to be passed often the opposition party will demand certain things in order to agree to the votes/signatures and it becomes a stand off Usually parties will often bluff to the last minute and if the debt ceiling is reached and not raises the US government has to either stop paying bills or default on debt payments both of which are detrimental It's a really stupid political uncertainty that exists for no purpose other than beaureocracy and political stand-offs imo Link to post Share on other sites More sharing options...
StarstruckIllusion 53,562 Posted May 29, 2023 Share Posted May 29, 2023 Watching analysis on this… apparently it’s a huge L for the Freedumb Caucus and a small W for the Biden Admin… - meaningless cuts to the IRS (slay) - a shift in work requirements from food stamps that includes more homeless and vets (v slay) - inflationary cuts republicans were gonna get anyway… (woah) Kinda gagged Biden didn’t give away the whole store… maybe the old bag of bones still has it Sadly, this validates the Republicans holding the debt ceiling hostage every 2 years like… tragic. Another radical and disgraceful tarnishing of what little peace agrees between the two parties… Link to post Share on other sites More sharing options...
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