Dems know the Swampers
Posted on 01/30/2023 9:00:09 PM PST by RandFan
Nearly half of the Senate Republican Conference has signed on to a letter to President Biden warning they will not vote for any bill to raise the nation’s debt limit unless it’s connected to spending cuts to address the nation’s $31 trillion debt.
The letter, led by conservative Sens. Mike Lee (R-Utah) and Ted Budd (R-N.C.), says it is the policy of the Republican conference that any increase in the debt ceiling must be accompanied by cuts in federal spending or “meaningful structural reform in spending.”
“We, the undersigned members of the Senate Republican Conference, write to express our outright opposition to a debt-ceiling hike without real structural spending reform that reduces deficit spending and brings fiscal sanity back to Washington,” the senators wrote.
They cited the Prevent Government Shutdowns Act, which would automatically provide continuing appropriations to fund government if Congress fails to pass spending legislation by the end-of-year deadline, and the Full Faith and Credit Act, which would prioritize federal payments in case Congress doesn’t raise the debt limit, as “meaningful structural reform.”
The letter, which was not signed by Senate Republican Leader Mitch McConnell (Ky.), gives public support to Speaker Kevin McCarthy’s (R-Calif.) effort to negotiate fiscal reforms with the White House in exchange for raising the debt ceiling.
Senate Republican Conference Chairman John Barrasso (Wyo.) signed the letter but Senate Republican Whip John Thune (S.D.) and Sen. John Cornyn (R-Texas), two other influential members of McConnell’s leadership team, did not.
Last time I was at a bar there was a notorious drunk negotiating an extention on his bar tab. The bartender patted him on the hand and said he would extrnd him credit but he needed to enact some reforms.
We need a loan to pay the interest in all the debt we incurred by taking out loans
See what a clusterf@$# it is
It’s like using your credit card to pay off credit card debt
These are the morons running the country
While I appreciate it, that just means the vote would be 76-24 to pass whatever the president wants.
Oh I really believe them this time.
Kabuki.
Ditch only needs so many votes to assist the ‘Rats and rotates the “pain” amongst his many minions.
We’d be lucky if there are are 10 MAGA Senators.
gop
The latest from the Ministry of Truth. Except for McConnell and Thine, who are busily planning the next. GOP capitulation, no one who refused to sign is identified
dems want a blank check
again
They're not morons. They know perfectly well what they're doing, but as long as they get their $cut$, they don't care.
The new interest rates are only affecting a small portion of the t-notes right now. Once the older ones expire and get re-issued under the newer rates, over the next few years, the interest we have to pay to just sustain the debt is going to explode.
~5% on $30T (and growing) is $1.5T.
We need conservative, Constitutional candidates.
The interest on the national debt is now greater than the Pentagon's entire budget.
Why imagine that this matters?
Money is created by the Fed on a whim. The holders of the debt include the Fed, at about 8T of the 31T. Interest paid to them is returned to Treasury.
Guys, stop thinking that just because you can’t understand it, there must be some other aspect you missed that reconciles it all with rational thought.
There is no such aspect. It is all a joke. That debt will never be repaid. Stop supporting proposals to do so. There is no need to do so. Money is created from nothingness. Why would you think anything about it must make sense?
Nice to read the letter, but the readable list of signers would be great.
After they make some speeches and get the fools to send them campaign money, then they will cave and pass the pork.
Well that’s not enough
Same rino leadership that took away many freedoms during the plandemic. Why couldn’t we get rid of them?
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