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A full breakdown of Biden and McCarthy's
deal to raise the debt limit to $35 trillion:
What the House speaker gave up in the
final package conservatives are calling
'insanity' and a 't*** sandwich'

Original Article

Posted By: JimBob, 5/30/2023 4:23:40 PM

House Speaker Kevin McCarthy is facing criticism from members of his own political party on a debt ceiling deal he struck over the weekend with President Biden that hard line conservatives say doesn't go far enough to curb federal spending. The 99-page bill released Sunday would raise the debt ceiling and suspend the nation's debt limit through 2025 to avoid a federal default.

Comments:

The first article that I have seen that states that it has actual information, not just speculation, as to what is in the agreement. I hope that y'all L-Dotters find it useful.

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Reply 1 - Posted by: Mcscow sailor 5/30/2023 4:44:52 PM (No. 1480961)
Congress gave up its constitutional duties and its responsibilities to manage federal funds when it voted for expenditures without a budget. This negotiated package is far from ideal…but it it and the former pubby package are the only two options available to save our dollar. Congress critters, you did not lead. It’s now follow or get out of the way. A no vote is more destructive than a yes vote. If you obstruct…you risk your sinecure.
4 people like this.

Reply 2 - Posted by: plomke 5/30/2023 4:50:08 PM (No. 1480964)
So doing the peoples will and voting no would be more destructive than creating more fake money to keep the fake jobs at the fake government going??? Yeah.. and some wonder why I say there is no difference between a Democrat and a Republican...
15 people like this.

Reply 3 - Posted by: slipstik 5/30/2023 5:08:38 PM (No. 1480972)
It's time to bring this show to a close Let it default under the usurper's administration. Show people what it means to allow elections stolen. Our footnote in history has been written. We lost the republic. More like we have it away...
11 people like this.

Reply 4 - Posted by: earlybird 5/30/2023 5:17:06 PM (No. 1480974)
Larry Kudlow and Art Laffer both believe McCarthy did a good job. That this is a beginning and that anyone who believes we’d have gotten everything we wanted "is not familiar with how the process works”.
11 people like this.

Reply 5 - Posted by: TCloud 5/30/2023 5:26:34 PM (No. 1480981)
Kev goes full limp wristed RINO!
10 people like this.

Reply 6 - Posted by: minuteman 5/30/2023 5:31:32 PM (No. 1480984)
The stench of swamp is strong on this one.
9 people like this.

Reply 7 - Posted by: Jerseyden 5/30/2023 5:34:19 PM (No. 1480986)
When have the republicans ever came out on top in negotiations with dems. They aren’t called the stupid party for nothing. When the dust settles we’ll see the republicans got noting and dem got everything. With Congress letting the president issue executive orders Biden will replace any thing lost in the bill with new mandates.
9 people like this.

Reply 8 - Posted by: Dodge Boy 5/30/2023 5:43:06 PM (No. 1480990)
Agree with #4. There is a reason why we have to have two political parties. It is not a winner take all system...yet, that is. I think Kev did fine. We mustn't lose view that McCarthy is House Speaker. Keep in mind that the House Speaker is the political and parliamentary leader of the House and its presiding officer. He is also supposed to be the de facto leader of the body's majority party and the House administrative head. McCarthy isn't supposed to preside over petty debates and whining. Wiping noses is in the hands of party leadership in the majority and party leadership in the minority. But nevertheless, America's day of reckoning regarding the budget and the debt remains at our doorstep.
4 people like this.

Reply 9 - Posted by: Sanchin 5/30/2023 6:35:36 PM (No. 1481006)
Can one really comprehend the meaning of what a trillion dollars actually is much less what 30 some odd trillion is? 37 trillion is 37,000 billion dollars. The question is has the Value of the United States risen. Our infrastructure limps along, our commercial real estate is falling apart and Browning out, and our standard of living is decreasing daily. This is an exercise in keeping the masses believing that everything is okay and that the government is still functional. This is not a solution to any of the problems this country faces. It is only an exercise in delaying and ignoring the problems for another day. This crisis will come again sooner and along this time line the idea of compromise is simply the heroin that feeds the addict.
4 people like this.

Reply 10 - Posted by: caljeepgirl 5/30/2023 7:07:15 PM (No. 1481029)
I don't see what all the bellyaching is about. It's called the art of the 'possible'.
0 people like this.

Reply 11 - Posted by: watashiyo 5/30/2023 7:26:33 PM (No. 1481045)
Do the MATH. Half of America's population is receiving government entitlements. Millions of Illegal Aliens are still entering through our open borders. The government giving away taxpayers money to a corrupt government to fight against Russian invasion. America, the largest oil-producing country stopped drilling. Trillions of dollars of student, credit card, car, and mortgage loans. It's a train wreck waiting to happen. The pain from DEFAULTING today is better than the much more painful an severe DEFAULT in the future.
5 people like this.

Reply 12 - Posted by: Strike3 5/30/2023 7:46:20 PM (No. 1481064)
Most Americans did not authorize the wasteful Biden spending so why are we responsible for the debt? What happens if they default? They can't borrow any more money. How is that a bad thing?
3 people like this.

Reply 13 - Posted by: danu 5/30/2023 8:46:50 PM (No. 1481107)
he had all the cards; made all the promises to america-reneged on all of it. sorry...NO!
2 people like this.

Reply 14 - Posted by: whyyeseyec 5/30/2023 10:08:39 PM (No. 1481177)
@#8 - McCarthy is waving the white flag of surrender. All the American people will get from the legislation should it become law, is more debt and more inflation. That's a lose-lose for everyone. The Speaker of the House is the 2nd most powerful position in the federal govt and McCarthy is not using that power wisely. Paul Ryan caved to Obama several times while Speaker and what did we get from that - other than more debt?
1 person likes this.

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