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Update (1026ET): Following a GOP closed-party meeting, House Speaker Kevin McCarthy (R-CA) says he’s confident that Republicans have enough votes to pass the debt limit bill in a floor vote today.
Senator Chuck Schumer (D-NY), however, dismissed the bill as the “Default On America” (DOA) Act - which of course is true since it will never make it through the Democrat-controlled Senate, much less past President Biden’s desk, in its current form.
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McCarthy’s drafted amendment pulls funding from the Inflation Reduction Act for green building construction, DoE loan guarantees, deferred maintenance for national parks, air pollution for states and municipalities, as well as a neighborhood access and equity grant program.
A debt limit is moot when you just blow through it. We need a debt REDUCTION plan which will require the elimination of about 90% of the federal government.
I'm not sure what the impact would be of a default, but this cycle of endless spending has it's own negative effect on the economy, even if it is at a relatively slow and steady rate.
“McCarthy can only lose four Republican votes and pass the measure, which he hopes will kick off negotiations with President Joe Biden and Democratic leaders.”
And this is why they fail. If the “conservatives” come up with what they want since they control the house, they shouldn’t be negotiating anything. They need to satisfy their party before they worry about the opposition so they will have the continuity needed to satisfy the people that voted them in...as a unit. And this is the major difference with the liberals as they don’t care what a conservative thinks, while they are in power. they are working for their voters and themselves. For the conservatives, there’s nothing to negotiate. Here’s what we want. Don’t like it? Shut down some services you are responsible for providing because you said you were and everyone will know it was your fault for not going with the will of the people.
It’s simple, not negotiable.
wy69
Legislative process is like making sausage. This is an example of that. There is give and take and things happening behind the scenes to try to get legislation passed that’s agreeable to all of the Republicans.
The Republican margin is so narrow that they cannot afford to lose many on legislation.
FR: Never Accept the Premise of Your Opponent’s Argument
I haven't read the bill. But the Constitution predictably sinks the bill.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
”Simply this, that the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Constitution, is in the States and not in the federal government [emphases added]. I have sought to effect no change in that respect in the Constitution of the country.” —John Bingham, Congressional. Globe. 1866, page 1292 (see top half of third column)
Pelosi: "We have to pass the bill so that you can find out what is in it." (non-FR; 6 sec.)
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
Democrats Are Terrified Of An Educated And Informed Public (3.12.23)
It should never be a problem to primary ALL incumbent lawmakers and the executive of a peacetime, constitutionally very limited power federal government [emphasis added].
There are no true pro-American lawmakers in Congress imo.
It’s all theater. The Republicans want to spend without limits just as much as the Democrats. They just have to pretend that they are being forced to do it, to fool their voter base. “I didn’t want mortgage your grandchildren’s future to enrich myself and my big money donors! The Democrats forced me to do it!!!”
Once again, big money to the Gomers Of Politics win out.
Another vehicle bill that could have been used to force Biden to secure the border if only the House GOP was interested in that. They were only interested before the election.
It's all Kabuki theatre for show, to try to look "conservative" or "Republican".