Posted on 05/31/2023 9:04:00 AM PDT by SeekAndFind
Exactly. Not increasing the debt limit effectively cuts spending from the treasury prioritizing interest payments. The left has redefined what the debt limit means and we continue to play along. To Chip Roy’s point, we sent Republicans to DC to change the approach. Let it expire. Force the treasury to cut spending.
anything “Mitch the Bitch” is for I am against on general principle
Actually I’d bet this is McCarthy’s payoff to the rats for allowing him to be speaker. They could have easily stole a few more house seats. They had a strategy to let the R’s have a slim majority for a couple of years.
why am i not surprised.........
Just a confirmation on NEVER voting for another establishment republican, EVER again.
Have they had the vote yet?
Efff the swamp turtle
Then it's a done deal.
Time will tell, if he is ousted as speaker over this.
Politicians are for sale, and someone always makes the purchase. But you and I cannot afford it, our democracy is worthless. - Tom MacDonald Fake Woke
yup when the SHTF in the not so distant future (like in the next cycle or two) they need someone to blame for their failures.
There is always a willing republican.
Say whatever you want about McConnell. Trump recently pointed out that Trump is the reason Roe-V-Wade is gone, because Trump appointed 3 judges from a list he was given by the Federalist Society.
But the person who deserves the most credit for 3 judges is McConnell.
He refused to hold hearings on Garland, who otherwise would have been approved in 2016.
And he put the full-court press on, and rushed the Barrett nomination through in record time, so that it did not spill into Biden’s presidency.
So two of the judges needed to overturn ROE are directly attributable to McConnell.
Now, don’t get me wrong. Getting two conservative judges is a great thing, and overturning Roe is a great thing, but getting conservative judges from a republican president and a republican senate is a pretty low bar.
How about that's simply him doing what's right for a chang?
“Y’all know that by law the US cannot default?”
The fact is the USA defaulted under FDR in the 1930’s when the USA refused to pay off WWI debt in gold as the USA had contracted to do.
In the 1780’s the Continental Congress was run out of Philadelphia after not paying American Revolutionary War soldiers as promised.
“The 14th amendment makes the debt obligation primary for tax inflows.”
The federal debt obligation would be like an unpaid private debt. The holder of the debt could get a court order for payment, which would be top priority unless statutory law at the time the debt was incurred has an exception.
Since prior statutory federal payouts could be clawed back or taxes raised, issuing new debt is not the only possibility, so issuing additional debt is not constitutionally required. Allowing debt holders to collect by typical means is the most likely legal outcome of prolonged default.
For political reasons the battle has to be fought in the House, which has already offered the best solution currently in actionable, official, written form.
Janet and Joe could get on the phone and have leftists CEOs pay corporate estimated tax eleven days earlier than required [due June 15th].
Bank and other financial CEOs should have enough sense that they send in their bank’s estimated tax without having to be asked by Janet or Joe.
“McCarthy’s payoff to the rats for allowing him to be speaker”
Not one ‘rat raised a hand to help Kevin McCarthy become Speaker.
The House should give the gavel to Hakeem. More dems are voting yes on this thing than republicans. McCavey is not working for conservatives but against them. We were told about him when he was elected speaker and no one listened!
These are debt issue regulations:
I didn’t see anything about a case when the Treasury lacks the means to pay off a matured debt.
I think the rats could have easily stolen just a few more seats and kept the House. This was strategic
“More dems are voting yes on this thing than republicans.”
I expected that.
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