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White House and Republicans reach a tentative deal to avoid U.S. default
CNBC ^ | 05/27/2023 | Christina Wilke

Posted on 05/27/2023 6:15:00 PM PDT by outofsalt

"WASHINGTON — House Republicans reached a tentative deal with the White House on Saturday night to address the nation’s borrowing limit and avoid a catastrophic default on U.S. sovereign debt."

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


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: biden; bidenvoters; debtceiling; debtlimit; dementiajoe; mccarthy; nonewtaxes
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Run up the credit cards! Hopefully the deal doesn't suck too bad.
1 posted on 05/27/2023 6:15:00 PM PDT by outofsalt
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To: outofsalt

Who caved? Wait, don’t tell me, I already know.


2 posted on 05/27/2023 6:17:00 PM PDT by Fungi
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To: outofsalt

If CNBC says so, what’s to doubt?!?


3 posted on 05/27/2023 6:17:36 PM PDT by Carl Vehse
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To: outofsalt

4 posted on 05/27/2023 6:17:55 PM PDT by skimbell
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To: outofsalt

Not spending money that may be appropriated but has not been spent yet is not defaulting.

Claw it all back.

If only we had Republicans who would!


5 posted on 05/27/2023 6:18:39 PM PDT by Rurudyne (Standup Philosopher)
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To: outofsalt

Holiday weekend coverup of dirty deal.


6 posted on 05/27/2023 6:19:59 PM PDT by Nextrush (FREEDOM IS EVERBODY'S BUSINESS-REMEMBER PASTOR NIEMOLLER)
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To: Nextrush

The deal has always been in place, this was all “Kabuki Theater”


7 posted on 05/27/2023 6:20:29 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

I was just thinking the same thing, and those exact words!


8 posted on 05/27/2023 6:21:37 PM PDT by ducttape45 (Proverbs 14:34, "Righteousness exalteth a nation: but sin is a reproach to any people.")
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To: ducttape45

Yep. A show to amuse and placate the masses.


9 posted on 05/27/2023 6:22:51 PM PDT by airplaneguy
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To: Fungi

If the republicans at the VERY LEAST did not defund the 87,000 IRS agents AND CUT some funding to the FBI THEY ARE DEAD TO ME!!!


10 posted on 05/27/2023 6:23:47 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: outofsalt
"White House and Republicans reach a tentative deal to avoid U.S. default.

Well, that's too bad...

11 posted on 05/27/2023 6:24:45 PM PDT by unread ("It's not enough that we do our best; sometimes we have to do what's required." W. Churchill.)
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To: outofsalt

Since all this Krappe is being structured by Hollywood writers, directors, and producers now, expect One More Final Reel Complication to horrify Our Heroes and us, the audience, before the credits roll.

“Masterplots” handbook is running the show now. Has been for quite a while.

Don’t worry: The Good Guys always win in the last five minutes — bloodied, but unbowed.


12 posted on 05/27/2023 6:25:18 PM PDT by William of Barsoom (In Omnia, Paratus)
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To: outofsalt

Right on cue. That was close.


13 posted on 05/27/2023 6:25:32 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Fungi

“Who caved? Wait, don’t tell me, I already know.”

Since Biden wanted a clean debt limit bill, he caved.


14 posted on 05/27/2023 6:25:42 PM PDT by TexasGator
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To: dfwgator

They had to tell us about it at the ‘right time’ like on a holiday weekend.

But I know Kevin McCarthy is so wonderful President Trump said so.


15 posted on 05/27/2023 6:26:05 PM PDT by Nextrush (FREEDOM IS EVERBODY'S BUSINESS-REMEMBER PASTOR NIEMOLLER)
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To: outofsalt

How hard is it to just REFUSE to raise the debt limit? Congress could do it and demand that all federal revenue not spent on defense be used to pay off the debt.

Once the debt is gone, THEN we can think about funding the mostly wasteful “social” spending, the mostly unconstitutional federal departments, NATO, “entitlements,” etc. PAY OFF THE DEBT, slash taxes in half and then see what’s left!


16 posted on 05/27/2023 6:26:53 PM PDT by GodAndCountryFirst
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To: outofsalt

Rumors are that there are very few if any actual “cuts” in the current budget, but that spending might be capped for 2 years at the current (obscene) level.

If true, I consider that an “L” because the current budget is full of BS.


17 posted on 05/27/2023 6:27:36 PM PDT by Golden Eagle (Do you really believe DeSantis wants to raise sales taxes by 23% as Trump claims in his big new ad?)
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To: Golden Eagle

In DC-speak, a reduction in the rate of increase in spending is a “cut”.


18 posted on 05/27/2023 6:28:22 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: outofsalt

GOPe refused to “hold the line” as Chip Roy insisted they do. A ten billion reduction in the IRS budget(which is one item I heard that had been agreed upon) is not an actual budget decrease. This decrease is from the original 80 billion extra funding originally provided in the oh-so-wrongly named “Inflation Reduction Act”.

Basically it is an agreement to Whimpey’s offer that “I’ll gladly pay you Tuesday for a hamburger today”, except Tuesday never comes. The GOPe has fell for this scam time and time again on multiple issues. The Democrats never live up to their side of the bargain.


19 posted on 05/27/2023 6:31:58 PM PDT by CFW (old and retired)
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To: outofsalt
OF COURSE they "settled the deal" on Saturday, with a holiday on Monday and a supposed deadline in a week and a half. This is to block any attempt by Republicans (and Democrats) to make amendments to the negotiated deal, so everyone has to pass it now, and like it.

The timing is all according to the script of the elites.

20 posted on 05/27/2023 6:32:20 PM PDT by asinclair (What doesn't kill you makes you stronger)
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