These 24 Republicans would block Joe Biden's debt ceiling increase

In the letter they argued:"Our nation's fiscal policy is a disaster. Our country owes $31 trillion, a level of debt that now well exceeds the size of our economy. Inflation is making life more expensive for American families every single day.

"Meanwhile, your administration is directing federal agencies to continue to spend billions in taxpayers resources, expanding the size and score of the IRS to go after families and small businesses, policing the speech of Americans on social media, funding equity programs in the military, and pouring money into programs for a pandemic that your administration has declared over."

The debt ceiling row is raising fears of the 2011 government shutdown being repeated, when around 800,000 federal employees were forced to take unpaid leave during a confrontation between the Obama administration and a Republican controlled House. In response, ratings agency Standard & Poor stripped the U.S. of its converted AAA credit rating.

Speaking on Thursday, President Biden vowed to avoid a repeat, commenting:"In the United States of America, we pay our debts."

Oh no!!!! You mean all the useless employees of the federal government…who didn’t miss a paycheck during covid…might not get paid? Who f’en cares.

When it’s shut down it’s not doing any harm. Let’s have periodic shutdowns. Save the money! Factories do it—works!

There friends and relatives will be out of work too they should just all go home and see what happens

Good!!! This happened during the Clinton administration and he finished his presidency with a surplus. He didn't actually do anything to make the surplus it was a byproduct of the government shutdown...

Did you mean to say cheers?

Ok

What angers me is watching network TV news channels just repeating the lies coming from the right wing - suggesting this is somehow due to Democrats, when in reality, Trump & Republicans added far more to our debt. Really insane stuff

The government needs to simulate it is one day before the shutdown and what would they do instead of waiting for 1 day before the shutdown. We don’t need the drama, we need solutions. It’s like watching reruns, you already know what’s going to happen.

Let’s hope so. The government is out of control. It’s time to cut them off. Every time we threaten to take away their drug, spending, they scream that the world will end. When we capitulate, they go on a massive spending spree. Our politicians are junkies.

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Never again: How a 'lesson of 2011' shaped Biden's no-negotiation stance on debt limitThe Obama-Biden White House agreed to negotiate with Republicans on the debt ceiling. It brought the U.S. economy to the brink of disaster — and the president and vice president vowed to change their posture. “Fiscal Cliff” - Ted Cruz Never to pass a budget again. Last one was passed in 2007. The gov shutdowns have only been able to occur because a pattern was created over 8 years Question for economists: If the US does not raise the debt ceiling are the bonds undermined because the interest can't be paid, does the world economies have the potential to go under. For example China owns a lot of bonds. What happens?
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Veterans of 2011 U.S. debt-ceiling fight see tougher battle aheadA Democratic president. A new Republican majority in the U.S. House of Representatives pushing for sharp spending cuts. A rapidly growing pile of debt - and a showdown that threatens to throw the global economy into turmoil. The Reps. have so little leverage that they have to use what they do have to the maximum extent possible. We are so deep in sh*t that extreme measures must be taken. By now one would have expected to see Articles of Impeachment for Mayorkas, Biden, Harris, Schiff and Swalwell. Americans see a GOP circus and a self-inflicted wound on our economy. Biden is evil along with his family and party. Hopefully it is only a matter of time when they start falling.
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