#debtlimit — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #debtlimit, aggregated by home.social.
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EU to profit from German infrastructure spending plans – analysts
https://www.cleanenergywire.org/news/eu-profit-german-infrastructure-spending-plans-analysts #Germany #debtlimit #security #infrastructure
https://www.cleanenergywire.org/news/eu-profit-german-infrastructure-spending-plans-analysts -
#WaPo #Democrats flip the script, eyeing #debtlimit to block Trump’s agenda
#Republicans have leveraged the debt ceiling for years to block Democrats’ agenda. Now liberals see an opening to stymie #Trump
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Janet Yellen tells Congress US could hit debt limit in mid-January
https://apnews.com/article/treasury-debt-limit-yellen-trump-elections-republicans-9c5d27c08feb744f5ee59dc2c87a06d5#DebtLimit #Yellen #RepublicansDidThis #GOPKakistocracy #ResistFascism #GOPWeirdos #RacistGOP #NoRepublicansEverAgain #USPol
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> Let’s not overthink this. Regardless of who suggested it [even Trump], any day we can say goodbye to the stupidest element of our political structure is a good day.
(I’m not sure it’s THE stupidest element because the competition is so stiff, but certainly very very stupid. )
#USpol #debt #DebtLimit #UScongress
The Debt Limit Should Absolutely Be Eliminated - The American Prospect https://prospect.org/blogs-and-newsletters/tap/2024-12-19-debt-limit-should-absolutely-be-eliminated/
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https://www.nationofchange.org/2023/10/23/10-trillion-in-added-us-debt-since-2001-shows-bush-and-trump-tax-cuts-broke-our-modern-tax-structure/ #GOPgrifters #TaxTheRich #DebtLimit $10 trillion in added US debt since 2001 shows ‘Bush and Trump tax cuts broke our modern tax structure’ Tax giveaways for the wealthy are continuing to starve the federal government of needed revenue: those passed by Trump & Bush have added $10 trillion to the debt & account for 57% of the increase in the debt-to-GDP ratio since 2001 If not for those tax cuts, U.S. debt would be declining as a share of the economy
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…after Speaker #KevinMcCarthy & President #Biden reached a top-line #spending agreement in May tied to a suspension of the federal #DebtLimit, there was suddenly a glimmer of hope. Appropriators in the #House & #Senate put on their green eyeshades & got to work. But things quickly went off the rails.
Furious…, the #HardRight… #HouseRepublicans demanded that the #spending bills be written at levels below the McCarthy-Biden deal, which had been approved by the #House & #Senate w/Democratic votes.
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“(#Minnesota’s Tina Smith) worked closely with the #climate movement to pull off a major win with passage of the Inflation Reduction Act, which included the largest-ever investment to fight #climatechange. She’s a go-to senator for #abortion rights advocates…a champion for expanding the U.S. #SupremeCourt… #LGBTQ+ rights. Tribal sovereignty. #Marijuana legalization. #Childcare funding...and using the 14th Amendment to go around Congress to raise the national #debtlimit.”
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U.S. congressional support for aiding #Ukraine is beginning to fray after the passage of last month's #DebtLimit bill.
#Congress #House #GOPsabotage #Russia #RussianWarCrimes
https://www.nytimes.com/2023/06/14/us/politics/us-ukraine-spending.html?smid=nytcore-ios-share&referringSource=articleShare -
I mean, if #KenBuck doesn't like the #DebtLimit deal, it must be good for America.
https://www.cnn.com/2023/06/04/politics/freedom-caucus-mccarthy-debt-bill-cnntv/index.html
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Check out this week's podcast to hear what Digby says about the debt limit deal.
And Evan Urquhart calls out the legacy media for whitewashing the right's anti-LGBTQ terror campaign.
https://weve-got-issues.simplecast.com/episodes/heather-pardon-evan-urquhart
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New podcast!
Heather "Digby" Parton says evaluating the debt limit deal requires some nuance, which most people on social media hate.
And Evan Urquhart calls out the media for obscuring the right's terror campaign against the LGBTQ community with benign descriptions.
https://weve-got-issues.simplecast.com/episodes/heather-pardon-evan-urquhart
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Salazar votes ‘yes’ in bipartisan Biden-McCarthy debt ceiling deal :
Salazar posted a photo of herself leaving the Capitol saying she was tired but proud, flashing a thumbs-up sign.
#Congress #debtlimit #default #democrat #JoeBiden #KevinMcCarthy #MariaElviraSalazar #republican
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"Breaking: Kevin McCarthy announces a “commission” to “look at” cutting Social Security and Medicare: “I’m going to make some people uncomfortable.”
He attacked Biden for “walling off” cuts to Social Security and Medicare during debt ceiling negotiations."
https://twitter.com/NoLieWithBTC/status/1663967414617292801?t=qB7blaZBvhAIZsyJdbDVOw&s=09
#socialsecurity #medicare #kevinmccarthy #DebtCeiling #gop #republican #conservative #debtlimit -
Nowadays every political decision in the US is Hollywood style last minute drama. Good for clickbait, bad for people. Le Sigh.#Debtlimit et al.
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Ocasio-Cortez says she’s voting against debt limit bill
https://thehill.com/homenews/house/4027503-ocasio-cortez-says-shes-voting-against-debt-limit-bill/
#TheHill #OcasioCortez #DebtLimit #USCongress #Voting #GovernmentSpending #NationalDebt #EconomicPolicy #FiscalResponsibility #Politics #News
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You can be unhappy the Dems legitimized debt limit hostage-taking rather than minting the coin or invoking the 14th and also acknowledge that Biden quietly pantsed McCarthy by not giving him anything more than one might have expected in a normal budget process. (And maybe ended his speakership.)
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Bismarck is credited with the quote:
“Politics is the art of the possible, the attainable — the art of the next best”.
That notion escapes many #GOP politicians animated only by the desire to deliver tax cuts to those who don’t need them and a refusal to compromise at all costs
#Politics #USPolitics #DebtLimit
https://www.nytimes.com/2023/05/30/us/debt-limit-bill-house-rules-committee.html
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The FreeDUMB caucus will vote NO on the debt limit bill and will attempt to oust the SOTH.
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This, from couple of days ago, is very good. https://prospect.org/politics/05-28-2023-biden-mccarthy-debt-ceiling-deal/
The first paragraph is 🎯
“The second that Joe Biden agreed to negotiate with House Republicans on the debt ceiling, the results were going to be bad. The people who benefit most from government action—the poor and the vulnerable—were going to be hurt, and those who benefit most from a weakened government—the rich and the powerful—were going to be aided. The only question was the degree.”
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#DebtLimit Perfect deal summary.
"... It will only be a little bit easier to commit wage theft, or to sell defective or poisoned products. It’ll only be a little harder to get rental assistance or tuition support. Only a few people will be freer to pollute the environment; only a few will find it more difficult to get food. The Internal Revenue Service will only be a little worse. A lot of things will stay the same. Almost nothing will get any better."
https://prospect.org/politics/05-28-2023-biden-mccarthy-debt-ceiling-deal/
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When did “claw back” become the standard media phrase for reapplying govt funding? And why? #DebtLimit #FederalBudget
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All in all, a pretty good debt ceiling deal for Biden...if you ignore the fact that D's could have raised it unilaterally with no concessions in the 2022 lame duck session. Republicans got peanuts and were willing to tank the global economy to get them. #DebtCeiling #debtlimit #debtceilingagreement.
