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#DebtCeiling

2 posts2 participants0 posts today
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Go Weapons Hot

"There is one major sign that lawmakers expect to increase the #deficit more with this version: It would raise the #debtceiling by a larger amount than the February version. The debt ceiling limits how much money the federal government is allowed to borrow.

#Congress wants to pass a major package of policy changes using a special reconciliation process that could pass without any Democratic votes in the #Senate."
nytimes.com/interactive/2025/0

#Trump
#MAGA
#taxcutforbillionaires

The New York Times · Here’s What’s in the House Republican BudgetBy Margot Sanger-Katz
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WYM Mod

“Debt ceiling strategy is key for Republicans!” Mike Johnson highlights a critical consensus in the GOP about integrating the debt ceiling into their legislative agenda. This strategic move reflects an understanding of the necessity for unity in tackling financial hurdles. Discover more about the implications of this approach in the full article. #DebtCeiling #GOP #Legislation #FinancialStrategy politico.com/live-updates/2025

Kudos to Politico for this insightful piece!

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WYM Mod

Tensions rise as Senate Democrats grapple with a split over government funding and the looming debt ceiling deadline. With urgency mounting, they confront Republican proposals and strategies, fearing economic fallout. Key figures like Sen. Warren voice skepticism about tax cuts while pushing for a unified Democratic front. Insight into the importance of maintaining U.S. credit highlights potential global risks. For full details, click here: [Read More](alternet.org/senate-dems-lever) #DebtCeiling #SenateDemocrats #PoliticalStrategy

Alternet.org · 'Breaking point': Senate Dems to use 'leverage' against GOP as major deadline loomsBy Carl Gibson
Continued thread
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Nonilex

…The wrinkle in the effort is the #DebtCeiling, which limits how much the government can borrow. Faced with this roadblock, the #Treasury is using cash from its account at the #Fed to pay bills, which is adding liquidity into the system. When the #debt ceiling is raised, assuming that happens, the Treasury will likely seek to rebuild its account, which will take liquidity back out of the system.

#economy#inflation#USpol
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Megaphone :verified:
Rep. Thomas Massie (R-KY), known for his staunch fiscal conservatism, is making it clear: he’s a firm #NO on the #Republican #debt plan.

In a C-SPAN interview, #Massie dismantles the party’s own talking points, revealing that even under the most optimistic assumptions, the proposal adds hundreds of billions to the #deficit in the coming years. According to Massie, leadership’s numbers show a $328 billion increase in 2025 alone—with no real plan to control spending beyond vague promises of future restraint.

Having served in #Congress for 12 years, Massie has seen multiple so-called “10-year plans” under #Boehner and #Ryan—none of which ever played out as promised. He remains skeptical that this time will be any different.

With the deficit skyrocketing and fiscal responsibility on the line, Massie’s message is clear: empty promises won’t fix #America’s #economic future.

#ThomasMassie #FiscalResponsibility #DeficitSpending #DebtCrisis #NoMoreDebt #GOP #RepublicanParty #Congress #StopSpending #CSPAN #PoliticalAccountability #GovernmentWaste #NationalDebt #DebtCeiling #BudgetBattle #DCPolitics #TruthMatters #PoliticsUnfiltered
#politicsunfiltered
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DrBob, Neurologist, 🧠Mechanic

Middle class screwed yet again 🤬

Medicaid, Social programs Out; Tax cuts for #Billionaires In

Debt Ceiling up $4 trillion

House Republicans advance plan for Trump's legislative agenda

What's in the House plan?

“The House's plan would set up a massive reconciliation bill that would extend #Trump's 2017 tax cuts and implement new ones at a cost of $4.5 trillion.

It would also allocate $300 billion for spending on defense and border security, would raise the #debtceiling by $4 trillion over two years, and add almost $3 trillion to the federal deficit over 10 years.”

usatoday.com/story/news/politi

Text Shot: Potential cuts to Medicaid, other benefit programs The budget blueprint would also direct multiple committees to cut billions of dollars, including $880 billion in cuts spearheaded by the Energy and Commerce Committee. Because Trump has ruled out cuts to Medicare and Social Security, experts say that may necessitate cuts to Medicaid, which is under the committee's jurisdiction. The Education and Workforce Committee, which has jurisdiction over education programs, school lunch programs and work requirements for Temporary Assistance for Needy Families (TANF) program, would be directed to cut $330 billion. The Agriculture Committee, which has oversight over farm programs and the Supplemental Nutrition Assistance Program, would be required to cut $230 billion from programs under its jurisdiction. House
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Infinity Counter 🟦

"The House’s budget resolution, which the committee will mark up on Thursday, would also raise the debt limit by $4 trillion. The United States has amassed $36.22 trillion in debt over decades."
#MichiganAdvance #DebtLimit #DebtCeiling #USBudget
michiganadvance.com/2025/02/12

Michigan AdvanceU.S. House GOP releases budget that raises debt limit by $4 trillion, extends tax cuts • Michigan AdvanceWASHINGTON — U.S. House Republicans released their budget resolution Wednesday, laying out a vision for raising the debt limit and drafting a reconciliation package that is significantly different from the one Senate Republicans released last week. The House budget resolution proposes Congress pass one bill that would extend the 2017 tax cuts passed during Donald Trump’s […]
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Stan Stallman

The GOP is playing a dangerous game of chicken with the economy, but they forgot to bring their car. They want to cut spending on everything from grandma's pills to junior's lunch, while the debt clock keeps ticking like a bomb. They think the debt ceiling is a toy they can use to scare the Democrats into submission. But they're playing with fire - the debt ceiling is the backbone of our nation's creditworthiness, and if they snap it, they'll snap America's reputation in the world.



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DesertPaws

I'm sick and tired of the holding America hostage with the because they didn't get their way during the budget process. , do NOT give in to extortion and succumb to their demands. Call their bluff and see if they really are willing to pull the plug on America. When crying wolf all the time, at some point, one had to stand up and say, "Do it."

I don't think they will because if they crash the economy, there goes their chances in the next election. Most of them aren't that stupid. Enough will be sane and vote with the .

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Berner Dad for EquALLity

Why was my first thought that Republicans saw this same product and thought, “Yeah, that ought to do. No need to replace the battery. In ten years, we should all be finished.”?

Then screaming back to reality, my second thought was, why do you even shop for a smoke detector when your life is one giant dumpster fire after another?

So everyone stand down, it’s just me creatively imagining them actually having concern for the future.

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BenRosnerMD_PhD

GOP willing to play economic catastrophic roulette with crisis. Once again the @GOP is willing to throw and the working people of the US under the bus if they think there is an angle for their own political gain. Definition of political greed. Shameful. apple.news/AAwY6S87UQRWDMBqmPe

apple.newsThe Head of the Republican Party Literally Said a Default Could Bode "Very Well” for the GOP — Vanity FairIt's easy to see why debt ceiling negotiations haven't gone anywhere.
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