[Oldeconomybuyer]

Where’s Mitch?

[flamberge]

The "debt limit" seems to mean little or nothing.

It always gets raised. Perhaps there is some number of favors traded between Congressmen to make that happen. There is nothing else about it that really helps the rest of us at all.

[lee martell]

Janet says ‘Come next Thursday, we’re gonna party like it’s 1929!”

[Paladin2]

Didn’t they get my Quarterly estimated tax payment?

Charge admission at the southern border like the Cartels do.

[Magnum44]

So, this is interesting to me and I’d like to understand it better.

Last month the lame duck Senate signed off on the House/Senate Omnibus authorization bill that supposedly hamstrings the newly elected GPS house from having power of the purse until sometime next fall.

But now we are about to hit a debt ceiling limit. Does that mean without the house authorizing a debt ceiling increase that they actually have some leverage to pull back some of the spending in the omnibus?

[Lockbox]

Spanish conquistador Hernán Cortés issued a rather interesting order to his men as they began their conquest of the Aztec empire in 1519.

The order was simple: Burn the boats.

He wanted his men to realize that they had no opportunity to retreat, so they had to give this fight everything they had. Failure was no longer an option and winning this battle just became that much more important.

[EQAndyBuzz]

Silly question here. If everyone is owed this money now, and still isn’t getting it, what would happen if the US said screw it and defaulted on everything and zeroed out all accounts and started from square one?

Clean out all the crap, go through a new budget process and go from there. What are the ramifications to the American taxpayer?

[Night Hides Not]

Kabuki theater

[simpson96]

“Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans, and global financial stability,”

The Swamp: "Mission (almost) accomplished!"

[EEGator]

Transitory debt limit?

[rktman]

Pfffftttt! I be already done that. Amateurs! 😵

[Dr. Franklin]

It’s time for the House to defund the USPS until mail in ballots are greatly restricted. Will the House do it?

[BitWielder1]

They will close down something that people care about, just to force a vote.
They Never cut back on anything truly non-essential.

[Tommy Revolts]

Maybe they shouldn’t borrow so much.

[Myrddin]

McCarthy better no cede this leverage. All those bills passed in the last 10 days need to get rolled into a debt limit increase bill that the Senate must pass.

[moovova]

[jagusafr]

Just say no. No increases.

[Vermont Lt]

They do these extraordinary actions every year or so.

Something that common, doesn’t seem extraordinary.

(I know it is a “term” used in the process.)

[jz638]

https://www.washingtonpost.com/business/whats-the-debt-ceiling-and-will-the-us-raise-it-again/2022/12/02/f6bd2d76-7282-11ed-867c-8ec695e4afcd_story.html

In early December 2022 (which, if memory serves me right, was after the elections, during the lame duck, and before the last omnibus bill), the Washington Post printed the above story saying “sometime in 2023”, the US will hit the debt limit again. That “sometime in 2023” is less than 20 days into the year.

Until the Republicans can actually articulate a simple concept like “hey, y’all knew this was coming, you still passed a 1.7 trillion dollar spending bill anyway, this is on you.”, this stupid game will keep going.

Maybe they could articulate simple concepts like that if they weren’t in on the scam themselves.

I say raise the debt limit with the provision that every earmark from a republican who was retiring or voted out of office gets stripped and deallocated. The dems will get what they want and the republicans will get what they deserve.

[Sgt_Schultze]

Shouldn’t have done all that spending

[liberalh8ter]

Has Ukraine received all their money?