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Biden says Republicans won't let U.S. default amid debt ceiling standoff
CBS ^ | 11 Aug 2021 | SARAH EWALL-WICE

Posted on 08/12/2021 1:19:42 AM PDT by blueplum

The Biden administration and Democratic congressional leaders are pushing back on Republican lawmakers who have said Democrats will have to go it alone on raising or suspending the debt ceiling. President Biden said Wednesday that he is not worried about the debt ceiling and pointed out that the national debt rose dramatically under the previous administration when Republicans were in power.

"They're not going to let us default," Mr. Biden said in response to a question on the debt ceiling. "$8 trillion of that is on the Republican conscience."

The suspension of the limit for how much the United States can borrow to pay its bills expired at the end of July, forcing the Treasury to use so-called extraordinary measures and teeing up a battle in Washington. ...

..."I cannot believe the Republicans will let the country default," Senate Majority Leader Chuck Schumer said on Wednesday. "It has always been bipartisan to deal with the debt ceiling."...

(Excerpt) Read more at cbsnews.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: budget; debtceiling; nationaldebt; treasury
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good old republicans, always going along. But maybe they won't.
1 posted on 08/12/2021 1:19:42 AM PDT by blueplum
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To: blueplum

The less that is borrowed, the less chance there is of defaulting over the long run.


2 posted on 08/12/2021 2:13:18 AM PDT by Its All Over Except ...
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To: blueplum

The debt ceiling has nothing to do with default.


3 posted on 08/12/2021 2:19:55 AM PDT by jimfree (My 18 y/o granddaughter continues to have more quality exec experience than Joe Biden.)
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To: blueplum

The “country”

The _________

🎭


4 posted on 08/12/2021 2:24:33 AM PDT by Varsity Flight ( "War by the prophesies set before you." I Timothy 1:18)
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To: blueplum

I say default. We are going off the ledge regardless, mind as well be now.

That reminds me, I need to go shopping this weekend.


5 posted on 08/12/2021 2:58:36 AM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: blueplum

hey, they overspent now we get to overspend

fair is fair

debt=deferred taxes


6 posted on 08/12/2021 3:03:12 AM PDT by joshua c (Dump the LEFT. Cable tv, Big tech, national name brands)
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To: blueplum

He’s right. The Republicans will put on a show of opposing an increase in the debt ceiling, but if they controlled either house of Congress they’d be falling all over themselves to raise it.


7 posted on 08/12/2021 3:17:53 AM PDT by Alberta's Child ("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
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To: blueplum

Don’t get your hopes up...18-19 of them will, prolly the same ones that voted for BidenIdiot’s infrastructure bill.......


8 posted on 08/12/2021 3:27:30 AM PDT by cranked
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To: blueplum

The less money the government has, the fewer resources they can muster to screw with you.

This is the essential benefit of a limited government, which we no longer have.


9 posted on 08/12/2021 4:06:51 AM PDT by fruser1
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To: blueplum

Aaaaaargh.

We are NOT in any danger of defaulting.

All we have to do is continue to pay interest on our debt.

Which we can, or could, easily do.

Is that what Deep State has really been up to?

Making our economic mess so dire that we can’t even pay the interest on our debt?!


10 posted on 08/12/2021 4:08:56 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: blueplum

How about quit spending money.


11 posted on 08/12/2021 4:17:33 AM PDT by glimmerman70
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To: blueplum

Of course. China Mitch was clumsily trying to change the topic from the GOP’s surrender on the “infrastructure” bills.

Dems will happily shut down the government and inflict pain on Americans until the GOP caves. We’ve seen this movie before. It has a bad ending.


12 posted on 08/12/2021 4:25:44 AM PDT by lodi90
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To: blueplum

It is all tired theater. Republicans fundraising off of the debt ceiling issue and then agreeing to raise the debt level.

Tell me this, when have Republicans ever not agreed to raise the debt ceiling? Ever. Name just the year. I’ll wait...


13 posted on 08/12/2021 4:42:56 AM PDT by Obadiah (Truth is treason in an Empire of lies.)
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To: Obadiah
It is all tired theater

Why do we even have a debt ceiling? It is perennially being raised anyway. Its only purpose seems to be to afford politicians a platform to pontificate and lie to the citizenry.

14 posted on 08/12/2021 5:27:51 AM PDT by Roccus (Prima di ogni altra cosa, siate armati!)
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To: joma89

How are we going down? Stock market is at all time high. People’s 401-k’s are at all time high. We still have strongest military in world. We are not fighting any hot wars. Unemployment is so low, I can’t find any contractors to build a fence for my back yard. There is a shortage of workers everywhere. Sure it is mostly because of overly generous unemployment checks being handed out. But we can’t get away from the fact that there are more job openings than workers willing to work.

Rumors of demise of USA are highly exaggerated.


15 posted on 08/12/2021 5:53:55 AM PDT by entropy12 (President Trump was the best president in my life time of 81 years and counting..)
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To: Obadiah

Rand Paul has done it every time.


16 posted on 08/12/2021 5:54:59 AM PDT by entropy12 (President Trump was the best president in my life time of 81 years and counting..)
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To: Alberta's Child
The Republicans will put on a show of opposing an increase in the debt ceiling, but if they controlled either house of Congress they’d be falling all over themselves to raise it.

That's the GOP. Go along to get along - as long as the Congressional bennies keep flowing in, they're fine with holding hands with the RATs.


17 posted on 08/12/2021 5:58:15 AM PDT by COBOL2Java (Joe Biden is a squinty-eyed turnip brain)
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To: blueplum

G.O.P. = Globalist Opportunistic Pariah


18 posted on 08/12/2021 9:18:42 AM PDT by RideForever (One of the Control Group in the CoVID experiment nightmare)
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To: glimmerman70

I’m thinking that if the American public could see a full statement of everything that is spent using public funds...they could see where MUCH of it(perhaps the majority)is not necessary expenses. Now if there were only a way of charging that back to the personal accounts of those who voted for it.


19 posted on 08/12/2021 9:30:03 AM PDT by oldtech
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To: oldtech

If we saw where the money went they would be asking for wayyyy less. Some of this money filters back to some of the people who voted for it.


20 posted on 08/12/2021 11:16:03 AM PDT by glimmerman70
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