Posted on 05/12/2023 8:34:27 AM PDT by ChicagoConservative27
Senate Republicans are disavowing former President Trump’s call to let the federal government default on its debts unless President Biden agrees to “massive” spending cuts, dismissing Trump’s suggestion as something far too risky to seriously consider.
The cold reception to Trump’s bold statement is the latest sign of the widening rift between Trump and his party’s Washington establishment. While Trump maintains strong influence in the House, where he helped Kevin McCarthy (R-Calif.) nail down enough votes to be elected Speaker, it’s a different story in the Senate.
GOP senators largely ignored Trump’s participation in a CNN’s town hall Wednesday and later dismissed the former president’s claim that failing to raise the debt ceiling by next month’s deadline might not be a big deal.
(Excerpt) Read more at thehill.com ...
The Hill, getting high on copium. Trump scares them almost to death. Good.
No the GOP should not simply give Biden a debt ceiling increase, no strings attached. Reductions in current spending need to be part of that debt ceiling relief.
But merely adopting a “let the government default”, period, is reckless. It does not change what spending authority has been granted, it does change the debt on the books and how to pay for it much less pay it down, and it creates another financial crisis that goes beyond the debt ceiling limit. Default would affect the dollar, U.S. interest rates and raise the interest rates the treasury will pay for new buyers on the debt instruments it turns over. Creating one crisis through an impass over another crisis is not a solution.
Yup, default is great for Trump & Republicans.
2024 - Trump platform can be:
We cut off Military paychecks
We cut off VA medical care
We cut off Social Security Checks
We shut down Medicare
That’s a surefire winner for Trump & Republicans.
The government is not in danger of defaulting — there is still revenue coming in and it must legally be used to pay interest on the debt.
Not to mention that a lot of the “debt” is money the government loaned itself and is paying itself interest on. The whole thing is a theater of the absurd, like everything else in clown world.
My money is on these Republicans and the Ds raising the debt limit. I’ve seen this movie before.
Trump never had control of both houses by the way. 2017 he started with a slim margin in the senate that got smaller later in the year.
But the Republican margin in the senate was a myth. The Senate has a nest of RINO rats that betray the country and their voters frequently. Republicans do not vote in-block like the Dems, they are full of traitors willing to destroy the country to enrich themselves.
Consider to whom or what we’d be “defaulting” to.
It’s the private non-federal FED-Banksters, a small group of families plus about 300 stockholders.
As to what, we’d be defaulting the fractional-reserve inflation wealth-skimming fiat currency. It’s debt, not money. Certainly not Constitutional money.
Let’s be honest, spending restraint was never part of Trump’s platform. He was good at suggesting other countries should pay more though.
“Yup, default is great for Trump & Republicans.”
You’re a media puppet on a string. Nothing will happen to those programs if the debt limit is not raised this month or the next or the next. It is just a made scare tactic.
Educate yourself, advance the video to 2:43.
https://www.youtube.com/watch?v=a1VqaUn0Lfo
He did his first two years. That’s how the tax cuts made it through. But so much more could and should have been done. Yet, Trump and his presidency was under constant attack by many in and outside of congress who wanted him not only gone, but imprisoned.
Again, outside of the false attacks, he only had a slim margin 51 to 49 in the Senate and there are so many traitors to the conservative cause in the Republican party to name a few. So, did Trump really have control. They might have pass a few of his ideas, but were mostly opposed to everything conservative.
Roy Blunt (Missouri)
John Boozman (Arkansas)
Shelley Capito (West Virginia)
Susan Collins (Maine)
John Cornyn (Texas)
Tom Cotton (Arkansas)
Lindsey Graham (South Carolina)
Jim Inhofe (Oklahoma)
Mitch McConnell (Kentucky)
Jerry Moran (Kansas)
Lisa Murkowski (Alaska)
Rob Portman (Ohio)
Mitt Romney (Utah)
Mike Rounds (South Dakota)
Richard Shelby (Alabama)
John Thune (South Dakota)
Roger Wicker (Mississippi)
Todd Young (Indiana)
Senate RINO Republicans are disavowing former President Trump’s
Fixed.
“The government is not in danger of defaulting — there is still revenue coming in and it must legally be used to pay interest on the debt.”
I get that point and have made it myself many times.
What the Biden treasury is saying is that they are currently doing such triage with the federal payments, but revenue still coming in or not by June just doing those measures will still produce a shortfall that could cause a default, unless, and that unless is what they want to avoid; they want to avoid temporarily shutting down (putting on furlough) varies segments of the federal government so that revenunue is preserved to pay for “essentials” and the debt obligations.
Yes, the real choice with no increase in the debt ceiling is not a raise in the debt ceiling or default, it’s a raise in the debt ceiling or a partial government shutdown. Notice that niether side is mentioning a possible shutdown. A shutdown will not be a win for either side politically.
Without controlling the Senate, the GOp has to fight for the best it can get at this time - spending reductions this year and next in exchange for a temporary - six month - increase in the debt ceiling. Then if Biden wants he can create the crisis again by vetoing a GOP backed budget later this year, forcing the same crisis and negotiations going on now.
The difference is he spent the money wisely...hence, great economic growth, filling the oil supply reservoirs, low inflation, etc. No one who is even remotely informed about economics can really fault President Trumps spending.
You are correct, Trump has mentioned this strategy often.
:)
“ Don’t you know his spending was “beautiful. No one had ever seen spending like this!”?”
Yeah. The economy was so bad compared to now.
Lol.
That is certainly not surprising, given that the United States is being invaded and the Senate Republicans as a body are mute on the floor of the Semate.
“Where was this trump during his three debt increases?”
He responded to a question about budget showdowns during his presidency. Watch the video.
Let’s consider “default” to be analogous to the n-word. In the “default” case it’s something we just can’t even think of doing. It’s the ‘d-thing”.
I’m with Trump. Let’s see what would happen. No politician has given an explanation.
Exactly its the voters! Over the years they’ve discovered they can tap into the public purse.
Anyone who takes a serious look at federal spending will its one big system of transferring wealth from one segment of society to another. Conservatives howl about welfare kings\queens, government salaries\retirement etc spending are fine with these wealth transfers if they’re firmly attached to the government teat (Of course only for the best of reasons!) receiving the money - entitlements! ( As most are!). I demand cuts & reform, my neighbor complains I’m breaking his rice bowl. My neighbor demands fiscal prudence I claim he’s goring my ox! That’s the genius of the system, everyone is at the Treasury trough! The public at the trough in one form or another is the majority of public spending! This is why it’s so devilishly difficult to reform.
.....proving that kowtowing to the tax and spend party pays better.
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.