"House Reps., led by Speaker McCarthy (R-CA), are refusing to raise the #DebtCeiling... in order to extract budget cuts they cannot get through the normal process of legislation. While Republicans claim to be concerned about spending, it is notable that they have flat-out refused to help reduce the deficit by closing tax loopholes that would raise $40 billion. They also refuse to consider any measure that would raise taxes, focusing solely on spending cuts."
What this quote misses is that this IS the normal process of legislation.
The president wants more power to borrow, and that requires legislation, so the House passed the legislation our representatives could agree on, and they await the Senate passing its proposal, so they can then go to conference and find consensus.
That is how the normal process of legislation works.
@volkris What's not normal is the outrage from the GOP about the debt ceiling. Three times under TFG they raised it without incident to support their massive tax cuts for the rich.
The #debtCeiling is only an issue when there is a Dem POTUS.
What outrage?
The president is seeking more power, and Congress is simply saying, alright, well let's find some agreeable terms for granting it.
The debt ceiling is only an issue here because of a mess of legislation that Biden signed and then his threats to default.
Normally presidents work with Congress to negotiate for borrowing power, but this Dem POTUS seems to prefer the drama.
