Dems won't blink in debt showdown as painful September looms

[Yo_Mama_Been_Loggin]

Republicans raised the debt ceiling with minimal drama under Donald Trump. Now Democrats are prepared to make them publicly refuse to do the same for Joe Biden.

Senate Republicans are digging in deeper and deeper in their resistance to raising the nation's borrowing limit, with 46 of them vowing to oppose an increase this fall that will need at least 10 Republican votes. Yet Democrats still plan to burn their most expedient ticket out of the debt mess, with no intention to shift course and pass an increase along party lines.

Their move to pass a budget resolution without tackling the debt ceiling, completed last week, adds a perilous deadline to Democrats' season full of lofty promises on infrastructure and social spending. It's not only the majority party facing a fall challenge, however: Republicans will have to actually block a debt ceiling increase instead of just talking about it.

The borrowing fight is perhaps the most immediately consequential drama during a momentous fall for Biden and the Democratic agenda. In addition to raising the debt ceiling, Democrats must fund the government past Sept. 30, devise a likely multitrillion-dollar spending bill and put Biden’s infrastructure bill over the top in the House. Democrats will also make one last-gasp effort at passing voting rights legislation.

https://www.msn.com/en-us/news/politics/dems-won-t-blink-in-debt-showdown-as-painful-september-looms/ar-AANTjIO

[Omnipresent]

1. How can we incur more debt?

I’ve heard a few Republicans say that the Fed is essentially allowing money to be printed anyway.

If the ink and paper cost a lot, can’t we just print the money up to pay for it?

[Omnipresent]

7. If our debt is actually real..

How can we afford the interest payments on over 26 trillion dollars anyway?

[jimfields33]

2. The democratic congress needs to remind everyone often that the 3.5 trillion dollar bill

Will not add a penny to the debt. Knowing that, Americans will demand the debt limit be raised. They need to say that every opportunity they have whether in a speech or on talk shows.

[MacKasey]

5. Isn't the 3.5 trillion over 10 years?

So that would be 350 billion a year, correct?

[jimfields33]

6. I believe so. But the rich through tax increases will pay that.