Posted on 11/29/2021 2:25:38 PM PST by marcusmaximus
Congress is only a couple of weeks away from hitting the Dec. 15 deadline to raise the federal debt limit, and Senate Majority Leader Charles Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) don’t appear to be anywhere close to a deal.
Democrats insist that Schumer will not burn up a week of Senate floor time to use the budget reconciliation process to raise the debt limit with only Democratic votes.
And Republicans say there’s no way that McConnell will be able to round up 10 Republican votes to quash an expected filibuster from conservatives such as Sen. Ted Cruz (R-Texas) and allow Democrats to pass debt limit legislation with a simple majority under regular order.
At the same time, both leaders want to avoid another standoff that could threaten the nation’s credit rating and have stepped back from the combative rhetoric they were using in September and early October.
McConnell walked over to Schumer’s office on Nov. 18 for their first in-person sit-down meeting since Democrats took over the Senate in January.
Afterward he told reporters: “We agree to kind of keep talking, working together to try to get somewhere.”
(Excerpt) Read more at thehill.com ...
The GOP will sell out like they have in the past. McConnell has a spine given to bending over at a high cyclic rate.
Most of the time McConnell and the GOP disregards what their voters want and provide enough votes to the Dems’ agenda. We’re suckers to keep voting for the repubs.
I agree with the sentiment but....
People’s retirements and pensions are in bonds to a certain extent. And you can’t go back to a gold standard on the current dollars because then people will be fleeced (again) by having to pay gold dollars for fed notes on any debt.
The only way to fix the problem is to set interest rates and stop spending on debt by printing more and more money.
But I think the government has gone past the point of no return 20 years ago.
Just my opinion.
The only other option is to let Democrats control everything. And they are far, far worse.
No, the real solution is to stop re-electing Assistant Democrats and replace them making the GOP an actual opposition party.
.
Still waiting for them to oppose one thing Biden wants.
Waiting…
.
Schumer wants to eliminate the “debt limit” altogether, which of course would open the door to runaway inflation and destruction of the currency. McConnell wouldn’t go for that but he will give a lot in what will be billed as “ a bipartisan compromise.”
No, the real solution is to stop re-electing ballchinians
They suck for money
Cuz they’re whores.
Indeed. So what is the way out?
Do statists/leftists/democrats say - "you know, we've had a great run, spent a lot of money, and incurred a lot of debt, to build our political base, and have all the social programs we need. Let's just stop here?"
Or, has this only whetted their appetite for more?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.