Debt Ceiling: McConnell & GOP make deal to avoid filibuster, Dems pass raise till 2023

Will the debt ceiling be raised?

  • YES

    Votes: 38 92.7%
  • NO

    Votes: 3 7.3%

  • Total voters
    41

DEAD7

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Why would you keep it? :gucci:
...it provides a good opportunity for us to periodically revisit the debt and debate the appropriate level of government spending and its consequential impact on the national debt :manny:
Its a form of accountability... which i believe is grossly lacking in Washington on both sides of the isle.
The ceiling has to be raised... thats not up for debate.
... but scrapping it because Dems are bad politicians and easily out maneuvered by rethugs is childish to me.



:hubie:I dont expect my take to be popular on a liberal board. Abolish fiscal checks and borrow/print away! :ohlawd:Modern Monetary Theory!!!
 

Secure Da Bag

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If everyone knows the debt ceiling has to be raised or you'll destroy the American economy, then there's no point in having it.
If it's only gonna get used as a bullshyt hostage tactic, for partisan concerns, then there's no point having it.

There's an omnibus bill every year. Debate the appropriate level of government then. If you can't come to an agreement, then furloughs for everybody until you can.


MMT isn't bad. :manny: We borrow and print away as it is. There's no stopping that, no matter who's in power. If the GOP holds the House, Senate, and White House, fiscal checks are out the window, as they've shown with Bush and Trump. In terms of childish takes, yours was a bad one. :francis:
 

Ezra

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...it provides a good opportunity for us to periodically revisit the debt and debate the appropriate level of government spending and its consequential impact on the national debt :manny:
Its a form of accountability... which i believe is grossly lacking in Washington on both sides of the isle.
The ceiling has to be raised... thats not up for debate.
... but scrapping it because Dems are bad politicians and easily out maneuvered by rethugs is childish to me.



:hubie:I dont expect my take to be popular on a liberal board. Abolish fiscal checks and borrow/print away! :ohlawd:Modern Monetary Theory!!!

Saying MMT is just printing money really shows ignorance of what it diagnoses. Also acting as if the federal government is borrowing money as if we're on a gold standard is quite ignorant.

Exactly who do we borrow money from when we deficit spend? "Our children and grandchildren" is not a serious answer.
 

Ezra

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If everyone knows the debt ceiling has to be raised or you'll destroy the American economy, then there's no point in having it.
If it's only gonna get used as a bullshyt hostage tactic, for partisan concerns, then there's no point having it.

There's an omnibus bill every year. Debate the appropriate level of government then. If you can't come to an agreement, then furloughs for everybody until you can.


MMT isn't bad. :manny: We borrow and print away as it is. There's no stopping that, no matter who's in power. If the GOP holds the House, Senate, and White House, fiscal checks are out the window, as they've shown with Bush and Trump. In terms of childish takes, yours was a bad one. :francis:
MMT isnt a policy. It doesnt say you can just print enough money to create medicare for all, green new deal ect. It's just diagnosis as to how the economy works. Like showing that decades of blowing out the federal debt with lower and lower unemployment hasnt lead to widespread and runaway inflation like the Chicago School Libertarian economist predicted it would.

That's really all it is.

Then those on the left have correctly made the point that the beneficiaries of the deficit spending have almost exclusively gone to the top 1% and use MMT to develop ways to shift some of that benefit to the middle class and those under the poverty line
 

Secure Da Bag

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MMT isnt a policy. It doesnt say you can just print enough money to create medicare for all, green new deal ect. It's just diagnosis as to how the economy works. Like showing that decades of blowing out the federal debt with lower and lower unemployment hasnt lead to widespread and runaway inflation like the Chicago School Libertarian economist predicted it would.

That's really all it is.

Then those on the left have correctly made the point that the beneficiaries of the deficit spending have almost exclusively gone to the top 1% and use MMT to develop ways to shift some of that benefit to the middle class and those under the poverty line

Why did you quote me like I said the opposite of those things? :wtf:
 

DEAD7

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Saying MMT is just printing money really shows ignorance of what it diagnoses. Also acting as if the federal government is borrowing money as if we're on a gold standard is quite ignorant.

Exactly who do we borrow money from when we deficit spend? "Our children and grandchildren" is not a serious answer.
:russ:All this to say :mjyeahgif:

:yeshrug:Like i said fiscally liberal board.


 

88m3

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Why are you guys getting bent out of shape about this?

:why:
 
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