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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIs there a way no matter how unpopular it might be to prevent
Last edited Sat Jan 7, 2023, 02:57 PM - Edit history (1)
The terrorist, traitor GOP party from refusing to raise the debt limit? ? ? ?
Just like there is a way to increase the size of supreme court, but we know the Democratic Party has no intention of doing that, sadly. (The party, including Prez Biden went on record that they would not EVEN if they had the votes, is my recollection...and that is frustrating as hell.*)
The Republicans will destroy the world economy if they can, so what can be done to avoid it?
Our 401(k)s, our economy, everything, theyre going to destroy it all, if they are allowed to.
*Now it is one thing to say that knowing you dont have the votes so you dont make matters worse with the traitor party, using it as an excuse to do even more damage, but I think they meant it.
Samrob
(4,298 posts)rubbersole
(6,663 posts)brooklynite
(94,384 posts)"Popularity" has nothing to do with it. Assuming the Democrats passed this in the Senate, the Republicans control the House.
There's a simple solution: win both Chambers of Congress.
old as dirt
(1,972 posts)LonePirate
(13,409 posts)Will be if a small group of Republicans and pretty much all of the Democrats either vote for it directly or vote for it as an amendment to a different bill that will pass. There are 200+ Republicans who will likely vote it down so Dem unity will be necessary.
Pelosi and Schumer absolutely should have passed the increase or eliminated the debt ceiling altogether in 2022 once we knew Repubs would be taking over the House.
Salviati
(6,008 posts)... and then deposit it at the federal reserve. It doesn't raise the debt limit, but it bypasses it by giving the Federal government more money to spend.
https://www.vox.com/22711346/trillion-dollar-coin-mintthecoin-debt-ceiling-beowulf
This article also has a couple of other loopholes that might do the trick.
The idea has been around for a while, and is supported by a number of 'serious' folks, but is also often criticised as not being serious or not respecting the seperation of powers or some such, but I'd argue that the whole notion of the debt limit is not a serious limit, and that trying to enforce a debt limit at the same time as enacting a budget forces the executive branch to either respect one or the other. The republicans would argue that it's the debt limit that must be enforced, I'd argue that it's just as valid to enforce the spending that congress has authorized.
ColinC
(8,282 posts)But were it possible, you would likely see a renewed invigoration among Dems to make it happen.