Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts

Tuesday, January 17, 2023

Will GOP crash debt ceiling on our heads?

Wounded Times
Kathie Costos
January 17, 2023

So, once again the folks that were elected, don't seem to remember the people that voted for them. If they did, if they really cared, they wouldn't be focusing on everything we don't want and threatening what we need.
They are ready to crash the country because they are acting as if they have no obligation to us at all! Do you know what happens if they play games and refuse to pay the bills they already committed to? Well, if you don't, I remember it and it was torture. Veterans were not being able to get into the VA for appointments and worried about their disability checks not coming, along with medicine. Seniors were worried about everything!


This happened before.
The government also shut down for four days in January 2018, and the US experienced the longest-ever shutdown of 35 days between December 22nd, 2018 to January 25th, 2019. This came as a result of an impasse over President Donald Trump’s proposed spending package for the US-Mexico border wall. Forbes
I don't know who you voted for or why. What I do know is that the GOP members of the House don't seem to remember all the things they promised you they would focus on. You know, the things you need as they reminded you of how terrible your life was. I don't recall them warning you they were willing to make it a lot worse. If they cannot come up with a bill to raise the debt ceiling to cover the money they already spent, your life and mine are going to suck big time!

It isn't bad enough they've already said they plan on cutting social security and medicare. They forgot that we paid for the benefits we are getting but they want to play games, not just with the money they owe us, but with our lives.

Read this from CBS News
What is the debt limit?
The debt limit, which is set by Congress, represents the maximum amount the federal government is allowed to borrow to pay its debts.

If the amount of government debt reaches that threshold and doesn't lift the ceiling, the U.S. would be unable to pay what it owes and could default.

It's important to note that when Congress raises or suspends the debt ceiling, it isn't greenlighting new spending. Instead, it is giving the go-ahead for the Treasury to pay for spending that has already been approved.
Has the debt limit been raised before?
Yes. Since 1960, Congress has acted 78 times to raise, temporarily extend, or revise the definition of the debt limit, according to Treasury.

Of those, the debt limit was tweaked 49 times under Republican presidents and 29 times under Democratic administrations, Treasury said.

The last time the debt ceiling was lifted was in December 2021, when Democrats controlled both the House and Senate.

Are you willing to let them keep playing games with us? Are you willing to let them get away with treating all of us as if we don't matter now they have the power their voters gave them? Are you willing to suffer for their sake? This is what their plans are.

What can you do about it? Let them know exactly what you think. Call your GOP member and let them know that you are holding them accountable for what they refuse to do. If you are in a swing district and you have a level-headed congressman, tell them you'd support them becoming an Independent until the rest of their party comes to their senses. That way, McCarthy and his henchmen won't be able to get away with what they are trying to pull off. They won't have the majority anymore because they proved they don't deserve to have it. They owe us, not the other way around.