Posted on 05/19/2023 12:27:38 PM PDT by EBH
The Democrats should be asked to set their objections in writing ASAP and then order the objections in the order of the House passed debt expansion bill.
The House can then prepare a revised bill.
Trying to reason and negotiate with jackasses is itself assinine.
Shut it all down on June 1st. Who cares anyway, we’ve done it before.
“A little bit of gold will go a long way in the next few weeks.”
People might want to have a month’s food budget in cash on hand.
If your parents need their June Social Security, be prepared to replace it.
Hospitals might get paid for Part A via the Medicare Trust Fund.
As for Medicare Part B, most doctors will wait for payment, but some will want cash upfront.
As for Part B drugs (for cancer and auto-immune diseases), some may be fronted by their manufacturer, but others may not.
I say f*ck ‘em. Here’s the deal take it or leave it. All we ever here is horror stories of what will happen if we “default” on our debts. Let’s just see what happens then.
State governments may need to fill in the gaps, such as paying 100% for Medicaid (to hospitals, hospital doctors and drugs) and perhaps up to $50/month/recipient on SNAP.
The GOP needs to attack the Biden kakistocracy of endangering the lives of Americans and giving aid and comfort to the enemies of the United States by not agreeing to serious spending limits. And the GOP needs to accuse the enemedia of being co-conspirators in Demonicrat damage to the United States.
Attack, attack, attack.
States don’t have any money either.
Negotiation is defined by Democrats as you surrender to us.
Hang tough
“if we “default” on our debts. Let’s just see what happens then.”
The federal government always has the option of lowering the FDIC limit if Treasury auctions are undersubscribed.
In fact lowering the FDIC limit below $20,000 might let the federal government borrow at less than 2% even after an extended period of default.
People lending out money have five main options:
1. a bank
2. the Treasury
3. non-federal [i.e. state & local] governmental debt
4. Fannie Mae/Freddie Mac mortgage bonds
5. corporate bonds
Lowering the FDIC limit will shift investment money from 1 (a bank) to 2 (the Treasury).
hang together or hang separately
We can not allow the Democrats to buy even more votes.
The typically feckless Democratic voter will face a catastrophe.
The typically self-reliant Republican voter will have to make some substantial financial withdrawals.
“States don’t have any money either.”
The state sales tax might have to go to 10% so hospitals don’t go broke. The federal government pays about 67% of pre-PPACA Medicaid and 90% of PPACA Medicaid.
The big problem for the democrats and much of Washington is they don’t have a clue about what it takes to make an honest living, and must rely on the river of money flowing from Washington to feed themselves. This is mostly done through malfeasance which is much easier than actually creating their own wealth. Ever increasing levels of government spending are required for them to maintain the payoffs necessary to avoid the consequences of their crimes.
“Let’s just see what happens then.”
Social Security has a trust fund and so does Part A (hospital) Medicare I believe.
These trust funds hold federal debt securities that banks and hospitals might accept as payments for Medicare and Social Security.
“Let’s just see what happens then.”
Doctors are quite likely not to get paid for Medicare and Medicaid until the issue is resolved.
SNAP payments will probably be made for June. The July payments would probably come about a week late from July estimated tax revenue. The August payments probably won’t be made that month.
It's also time to pass legislation in the House declaring that any federal employee who is sent home without pay during a shutdown because they are non-essential should have their employment terminated with 2 weeks severance. And all pension contributions are suspended during a shutdown. And all illegal aliens are illegal and have warrants issued for their arrest.
Other payments such as military pay will follow the SNAP pattern.
Defense contractors probably won’t get paid for months.
Defense contractor employees will probably get paid in the coming months. By January 2024, the pay is likely to stop.
Repukes are a disaster. They have no idea how to negotiate. So, theg are trying to go back to 2022 levels? Great starting points fools. They should put a bill to the Senate to go to 2009 and say, even Barack Obama signed this bill. Biden and the Democrats are being unreasonable and widely radical. Who is paying thr “consultants”? Fire every last one of them because they are clueless or malicious.
I think the whole threat of default is just a scare tactic. The USA is not going to stop paying its debts no matter the debt ceiling. Letting it expire will have the same effect as cutting spending.
Raise your hand if you don’t know how this is going to end. 🙄
Oral negotiation tends to be slow.
We need to see all possible Democratic objections in writing, and fast.
The Republicans can then respond to those objections by pointing out their faults and offering proposed resolutions.
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