Removing the debt ceiling would allow them to transfer unlimited money to the wealthy at the expense of the future of the country.
this post was submitted on 19 Dec 2024
146 points (100.0% liked)
politics
19237 readers
2109 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
It still needs to be appropriated to be spent. The debt ceiling is useless.
No, you don't understand. Trump has promised to do away with regulation to reduce consumer protection and increase profits. The wealthy are going to loot the US while destroying it then hope that the poor don't murder them and take everything back.
They see the end, they want to make the transfer fast.
...Let it burn.
He's actually right here, even if it's for self-serving purposes. The debt ceiling should have been eliminated years ago.
Broken clock. It is always a bit shameful when he says something I agree with. Reminds me of this meme
Nitpick: Stopped clock, not broken clock. A stopped clock is right twice a day. A broken clock may never be right at all.
With that said, exactly that. Even Trump accidentally gets something right once in a blue moon.
I prefer "even a blind squirrel finds a nut" A clock is guaranteed to be right at least once a day. Blind squirrels have no guarantee.
And as usual he's right for the wrong reason. He wants it abolished. Because they plan no future transitions of power. They don't think they will need to use it against Democrats anymore, and don't want it used against them. This should worry more people. But they were warned.
Oh of course. Like I said, self-serving purposes. But he's still right -- debt ceiling hostage negotiations should have never existed in the first place and nothing good has ever come out of them.
load more comments
(2 replies)
A broken clock will be correct at some point unless the only thing broken about it is the time it has been set to.
I.e. a perfect clock with the wrong time is never correct, but that is the only instance if a clock that is never correct (save dumb edge case like an unplugged digital clock or something).
Fun math, thanks.
There could also be mechanical failures with a gear or something which may cause it to tick erratically, skip, or even maybe occasionally backwards. Extreme edge cases, certainly, but that's why I said may never.
Semantics ftw, thanks!
Erratic, backwards, no matter
Unless all of its erratic was canceled out to be perfect time keeping, it will in fact be correct at some point.
load more comments
(2 replies)
Is it was never right, that implies the clock is not broken, but merely set to the wrong time.
A broken clock should either run fast, slow, or not at all…
Either way, it would be right for a short amount of time.
load more comments
(4 replies)
I agree in principle but abolishing it under a Republican administration is a recipe for tens of trillions handed out to Republican allies with the bill left to the next Democrat admin to clean up. I'd rather we didn't do this right now, it's almost guaranteed to lead to absurdly corrupt and wasteful spending that could otherwise fund social programs we desperately need (like single payer healthcare) during a less corrupt administration.
This was going to happen anyway. It's not like any of them are going to care about little things like rules, laws, or ethics.
While I'd want you to be right in your concerns, in practice the only hiccup ever encountered with the debt ceiling is when they want to screw over Democrats. Otherwise they never blink at raising it, making it a fairly ineffective guard against over borrowing.
load more comments
(1 replies)
Remember when conservatives were conservative?
Nah, me neither.
It's always been a veneer over the drive to deny public spending that would benefit poor, brown or non Christians
Quick close all the public pools, it saves money!
Who needs public schools when we can replace them with income based vouchers to allow parents to send their kids to private religious schools?
If you look at Canada at both the federal and provincial level, the party that has the least deficits on record is... The NDP, the center left option.
How would Republicans hold budget negotiations hostage without it? Shutdown threats are their primary playbook...
Why would they need to negotiate? They won. What's left to stand in the way? Law? Decorum? International reputation?
Who says they plan to negotiate again?
The fact that they have intra-party disagreements about the budget.
We've already established that presidential actions are above reproach, so when republican lawmakers start being arrested for treason for questioning trump, the rest will fall in line quickly.
But what will they cudgel the next Democratic administration over? Oh, I know! They'll push legislation to eliminate the debt ceiling for 4 years and then bring it back at the level of the current debt.
They don't plan on any transition of power. Therefore they won't need to use it against Democrats, and don't want it used against them. It's only in their way now.
They figured out that they can just attack democrats from the left with online trolls.
load more comments
(1 replies)
I don't 100% disagree, but there needs to be a mechanism for pulling back those spending dollars through taxation of large corporations and the ultra wealthy otherwise you get more wealth consolidation and possible run away inflation.
i thought the cabinet of billionairres wantswealth consolidation
Right, they do, but it's also terrible for everyone who's not already a billionaire.
I think that is intended
The true purpose of the system is what it actually does
I'd laugh if it wasn't so obvious what is happening here.
What is happening here?
The Trump admin is about to hand out trillions of dollars of public money to friends and donors. If the deficit doesn't quadruple over Trump's previous administration I'll be surprised
Isn't it obvious?
Of course. It's why he's not laughing.
In all seriousness, if people are wondering, 25% of our total national debt is a result of Trump's first term in office, largely due to his tax cuts for the wealthy. Eliminating the debt celiing means he can push through tax cuts so large that it'll make the first round look like a kid shaking out a piggy bank by comparison, and basically just stick future taxpayers with the bill.
What do you think is better or worse for China and Russia?:
-
The US government stopping all work for a period of time until the debt reconciliation is handled in law?
-
The US Government absolutely stopping ALL work because Trump wants to suddenly be self-sufficient?
-
The US Dollar losing it's stance as the global stable currency?
-
The US absolutely crumbling when everything just stops.
Which fucking option are you not super clear about being on the table right now?
I don't want a government shutdown. I don't want more expensive subsidies for corn. I don't care about NFL stadiums. I do want the disaster relief. I am ambivalent on the other farm aid because on one hand most of that money goes to big ag who does not need it but on the other hand small farmers depend on that money too. I think the concept of a debt ceiling is dumb in our current economy and I would like it abolished.
That being said. There is time to eliminate the debt ceiling without shutting down the government. The government needs to be funded. Fund the government, help those poor people smacked by storms then get rid of the debt ceiling.
I doubt Johnson can get this done in time. Hopefully Musk emailed Johnson some draft legislation with his marching orders. As it stands now a foreign born billionaire is threatening members of congress and appears to be dictating policy. This makes me sad.
Don't correct your enemy lmao even when I agree with him he's somehow wrong and an idiot. Glorious.
view more: next ›