CNN today reminds me of Fox news in the 90s.
"Will the President negotiate.?" Is on repeat. Anderson Cooper looks like he wants to hide.
Clean debt ceiling. No strings attached. Congress voted to pass the budget in 2022.
The debt ceiling is not constitutional and Biden could tell Congress to go boil an egg by taking executive action if Republicans decide to crash the economy.
#constitution
#unitedstates
#nationaldebt
#debtceiling
#cnn
#foxcorporation
#grift
#fakenews
#republicans
Well the Constitution assigns to Congress authority to borrow on the credit of the US because such borrowing has generational implications.
It's a really big deal to put the entire country in debt, so Congress has that authority to make sure the people are agreeing to it.
The debt ceiling is merely the term we use for the amount that Congress has agreed to borrow.
Not only is it constitutional, but it is constitutionally mandated.
The Treasury's accounting statements show that it will have enough money to pay the debts regardless of whether the president gets his request for more power to borrow, so he needs to get to it and knock off these threats.
It's pretty simple. The Constitution says that the president can't borrow without permission of Congress, and that law was an example of Congress giving permission.
This is just enacting the clear text of the Constitution.
Congress voted for this debt and budget last year, in 2022. Perhaps you want to explain your theory on "permission" as it relates to the position Republicans took when they passed this budget last year
Oh no, they did not vote for this debt, and that's why we are in such a mess!
Had Congress voted to provide borrowing authority along with their appropriations bill we wouldn't even be talking about this. But the last Congress didn't do that, setting up this huge issue where they authorized spending of money that they did not actually provide to be spent.
That's the whole core of this controversy. And I really wish we would hold those congresspeople accountable for putting us in this situation, and the president accountable for signing it.
Unfortunately they are going to skate accountability as they point fingers elsewhere for the mess that they themselves created.
It's called a "continuing budget resolution". They agree to the terms of the budget and then agree to revisit the "debt ceiling" portion the following year. This has gone on mostly since 2010.
None of this is constitutional but it has become a political tool.
Oh it's definitely constitutional. Congress can appropriate whatever money it wants, and Congress is perfectly free to pass very irresponsible bills because we elect irresponsible politicians to engage in that legislating.
And we keep reelecting the same people who have passed irresponsible bills. So I guess we're cool with that.
But none of that changes the situation we're in now where the president wants more power to borrow, and Congress isn't really happy to give it to him, as is the whole point of the process, the checks on power built into the US system of government.
Yes, the last Congress was irresponsible. This president is not only complicit in that irresponsibility but is promoting it now with his threats of default.
And since we don't call these politicians out on what they are doing, well we will just keep getting more of the same going forward.
Yay democracy.
You are correct that Biden's historical infrastructure bill and budget were all passed under the Democrats. Democrats have deliver more to the citizens of the United States then any Republican in the last 60 + years.
Republicans can kick and scream but if they force a default because of the debt ceiling, then they take full responsibility for obstruction.
I really don't care about party.
It's about pointing out the individual legislators and president who got us into the situation as they passed appropriations bills without actually funding them, promising to spend money that they would not have, and now putting us into this state of chaos.
I don't care what party my representative claims. If he voted for this situation, he needs to be held accountable for that, and I would vote against him.
But no. The people who caused this situation are going to be largely reelected, they were largely reelected, because they are allowed to point fingers elsewhere for the situations they are responsible for.
The problem is the "CR" or continuing resolution. It's an intentional process that splits the Budget into 2 bills allowing for political manipulation.
As I stated, this process has been in place since 2010. The argument to SCOTUS is that appropriations are agreed to in the initial bill.
The "debt ceiling" isn't a real thing.
Ha, CRs don't pass themselves!
The problem isn't the CR. The problem is politicians that we elect that promise spending they don't actually fund, run by bragging about that, and then we reelect because we don't pay attention to the problem they've set us up for.
The problem isn't the CR. The problem is the politicians, from the last Congress, who actively voted us into this position.
You're missing the point that the appropriations didn't come with funding to appropriate.
Yes, they appropriated money out of an account that didn't have money.
The debt ceiling is absolutely a real thing, right there in the original Constitution, that requires it since in Article I it gave to Congress authority "To borrow Money on the credit of the United States"
That's your debt ceiling right there, the amount that Congress has chosen to borrow.
And that amount is agreed to in the budget.
2010 is when the “debt ceiling” portion of the budget was designed.
You can’t blame that fact on Biden or the last Congress so the nonsense about your party affiliation while assigning “blame”to the last congress is obvious.
I absolutely can blame Biden and the last Congress for not authorizing borrowing to provide money for the spending the authorized. They 100% had that ability, and they 100% didn't provide that funding, leading us to this situation.
They promised to spend more money than there was, and they chose to do that freely, as they had the full authority to authorize borrowing along with their appropriations bill. Congress has that power. They didn't bother using it.
I can blame that fact on Biden and the last Congress because that's exactly what they did, willfully.
We are here in this position because of the legislation that the last Congress chose to pass and that Biden chose to sign, even though this disconnect between spending and funding was obvious. It was right there in the math for all to see.
You neglect to mention the spending that occurred during the Trump administration.
Trump and the MAGA Republicans added more to the deficit than any administration in history.
Your bias is showing and it's terribly obvious. Only MAGA Republicans could be so blind in their rage to suggest the Infrastructure Plan is to blame rather than Trump tax cuts to the most wealthy of investors and corporations.
Do you really believe infrastructure spending is bad and tax cuts for corps are good?
I'm happy to criticize Trump and, I was certainly opposed to those spending bills. But there's a major difference between then and now:
Funding was provided for those programs. The issue of this moment is that funding for these programs doesn't exist.
I believe the worst thing is Congress having promised to spend money that doesn't exist. That breaks the government all around.
Sort out infrastructure spending however, but do it reasonably, providing a funding source for the programs.
Well that is a change in your position. I've spent this entire conversation explaining to you that deficit spending is decided in the budget. The "debt ceiling" is a recent invention and a second vote "redo" if I'm mad because my side lost.
Slippery slope. CR needs to end so Republicans can't terrorize the United States like a CNN audience at a Trump rally.
No, you're incorrect.
The debt ceiling is just the term for the constitutional assignment of borrowing authority to Congress. The name might be recent, but the idea goes back to the very beginning.
"The Congress shall have Power [..] To borrow Money on the credit of the United States;" <--- there's your debt ceiling right there
So Congress authorized deficit spending, but failed to authorize the borrowing needed to actually make it possible.
Since Congress failed to provide a funding source to cover that gap, they left us in this mess, having authorized something impossible.
Again, authorize infrastructure or don't, but if they do, then they need to provide funding for their program.
They didn't, and they need to be called out for that.
@volkris
The "funding sources" were agreed upon in 2022 to create the current 2023 "debt ceiling".
The MAGA took over the Republican Congress and are trying to change the deficit spending sources so they can continue the Trump tax cuts while tanking the economy.
MAGA Congress are using the debt ceiling to pretend the deficit spending was not passed last year.
I think you may not understand that all of this was decided in 2022 in the budget bill that was passed bipartisan in Congress.
If the funding sources were agreed upon in 2022 then we wouldn't be at this place, as the spending would be covered.
But sure, show me where in the budget bill it lists the source of funding to cover the deficit spending.
@volkris
"A statutorily imposed debt ceiling has been in effect since 1917 when the US Congress passed the Second Liberty Bond Act. Before 1917 there was no debt ceiling in force, but there were parliamentary procedural limitations on the amount of debt that could be issued by the government."
https://en.m.wikipedia.org/wiki/Second_Liberty_Bond_Act
Can you explain how this law was passed if there was no need for one prior to 1917? How do you got to "constitutional mandate" is beyond silly.