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Republicans Proved They Aren’t Holding
Anyone ‘Hostage’ On Raising The Debt Limit

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Posted By: Moritz55, 5/1/2023 11:15:05 AM

Conventional wisdom holds that last week’s vote by the Republican-controlled House of Representatives to approve a debt limit and spending reduction bill is meaningless. Democrats called the legislation dead on arrival in the Senate, making whatever the House decides to do on its own irrelevant. As with many things in Washington, the corporate media’s conventional wisdom is wrong. Approving a debt limit bill did more than dispel the narrative that the Republican House, and Speaker Kevin McCarthy, R-Calif., will remain perpetually in disarray. By eliminating one of the major elements of Democrats’ political argument, it raised questions about their own strategic endgame.

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Reply 1 - Posted by: jimincalif 5/1/2023 11:35:12 AM (No. 1460381)
Yes, “conventional wisdom” is wrong, but in a new way. As I’ve written elsewhere, the Democrats are actually OK with, and some no doubt actually want, the govt to default. Biden and Senate Dems won’t negotiate, so at the last moment Repubs have to give in and approve a clean debt limit increase, or they don’t and default occurs. Either way, state controlled media spins this a the Republicans’ fault, and there are enough lo-fo voters and ideologues out there to believe it and keep the Dems in power. And with a default the Dems get to move their intentional destruction of the USA into warp speed while blaming the other side. They get to accomplish overnight what might otherwise take a couple decades of destroying the culture, religion, energy, transportation, stoves, families, children, free markets, etc.
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Reply 2 - Posted by: Starboard_side 5/1/2023 11:51:22 AM (No. 1460398)
The interest on our debt is around $650 billion per year, so there is plenty of money to pay the debts we owe. And, we have plenty to pay the Medicare, Medicaid, Social Security and the military budgets too What the Democrats, and a few Republican Senators, did was recklessly allocate spending without having the ability to cover all of those programs. Now, they want to keep all of that spending, but still don't have the ability to cover all of those programs since there isn't enough tax revenues or debt ceiling room.
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Reply 3 - Posted by: kono 5/1/2023 6:44:12 PM (No. 1460677)
Of course the GOP aren't holding anybody hostage in their debt-ceiling faceoff. They never do; but the Liberal networks get so much mileage out of that portrayal that they always fall back on it to force the expansion of our already-untenable national debt.
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