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Biden, McCarthy reach debt ceiling deal
to avoid default

Original Article

Posted By: Dreadnought, 5/27/2023 9:47:01 PM

Top leaders in both parties reached a long-sought deal on Saturday to avoid an unprecedented government default, announcing an agreement on a plan to lift the debt ceiling immediately and apply new caps on federal spending in the name of curbing deficits, according to sources familiar. To get there, negotiators had to iron out their differences on a small but crucial list of outstanding issues that had dogged the talks in recent days, including lower spending levels, new work requirements for social benefit programs and permitting reforms to expedite approval of energy infrastructure projects — three Republican demands that were opposed by most Democrats.

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Reply 1 - Posted by: stablemoney 5/27/2023 9:56:19 PM (No. 1479041)
So McCarthy agreed to raise the debt ceiling by 3X, or $4.5 Trillion --- in return for Biden promises. What a catastrophe!
43 people like this.

Reply 2 - Posted by: forward 5/27/2023 9:57:08 PM (No. 1479043)
I don’t trust this. Not one bit. What is the Freedom Caucus saying?
52 people like this.

Reply 3 - Posted by: Moritz55 5/27/2023 10:01:27 PM (No. 1479046)
No comment or judgment until it’s clear what’s actually in the bill.
27 people like this.

Reply 4 - Posted by: MOBeef4u 5/27/2023 10:24:00 PM (No. 1479053)
Fingers crossed that this isn’t another I-will-gladly-pay-you-Tuesday-for-a-hamburger-today scam. We’ve seen that happen too many times.
48 people like this.

Reply 5 - Posted by: LC Chihuahua 5/27/2023 10:25:24 PM (No. 1479055)
Fire up those printing presses! We need more worthless dollars!
19 people like this.

Reply 6 - Posted by: DVC 5/28/2023 12:02:24 AM (No. 1479101)
Not a good deal, it doesn't sound like.
21 people like this.

Reply 7 - Posted by: weirdone 5/28/2023 12:05:10 AM (No. 1479103)
#5 The presses are already running 24/7 to pay for the Ukraine war, 80,000 IRS agents and subsides for green energy none of which the gutless Republicans will not even mention.
27 people like this.

Reply 8 - Posted by: MissMann 5/28/2023 12:40:46 AM (No. 1479115)
McCarthy caved. Just like he caved on turning over J6 footage. He is compromised. Anyone who tells you different is also compromised--I don't care who it is.
44 people like this.

Reply 9 - Posted by: danu 5/28/2023 12:58:42 AM (No. 1479121)
according to gaetz, none of this was meant to happen -no menace of 87bazillion agents, no welfare for ukraine oligarchs... yet we've neither seen nor heard of aught else since then. so who are the real liars and sell outs?
13 people like this.

Reply 10 - Posted by: plomke 5/28/2023 1:27:25 AM (No. 1479130)
Not so difficult to understand all of this. Just think of two wolves asking a lamb "Whats for dinner?" And you and I are the lambs...
13 people like this.

Reply 11 - Posted by: SALady 5/28/2023 3:53:17 AM (No. 1479151)
OK, pass all of the stuff through Congress that was agreed to, and get Senile Joe bidet to sign it into law. Only once that is complete, then vote on raising the debt ceiling!!! There is no way I would trust anything the Demon-Rats "promise" until they deliver on their promises first!!!!!
15 people like this.

Reply 12 - Posted by: Trigger2 5/28/2023 4:34:07 AM (No. 1479157)
Why wasn't the student loan forgiveness axed? Or the IRS axed? Why did McCarthy agree to raising the debt limit to 4.5 trillion? I don't agree with this deal.
26 people like this.

Reply 13 - Posted by: franq 5/28/2023 6:22:43 AM (No. 1479179)
Where is our esteemed commenter, to explain debt is just an illusion and a sequence of computer clicks? According to him, we really don't understand how FED monetary policy works. I'll tell you how it works. The cookies I buy at the store went from $3.50 to over $5.00 a bag, and they are smaller. Guess I'm just not clicking the right mouse buttons.
19 people like this.

Reply 14 - Posted by: Rumblehog 5/28/2023 6:42:15 AM (No. 1479186)
McCarthy did EXACTLY what Matt Gaetz and his 'Speakership Vote Cabal' said would happen, and now we have the national "economic train" headed over the default cliff with no engineer in the locomotive. Is this now time to invoke that 'No Confidence Clause' on House Speaker "Charlie" McCarthy, the Biden ventriloquist puppet?
17 people like this.

Reply 15 - Posted by: LLAMA 5/28/2023 7:18:38 AM (No. 1479213)
#3 is correct. As we have learned from past deals, the devil is in the details. Or as the 'evil one' said, we must pass the bill to see what's in it!
9 people like this.

Reply 16 - Posted by: Pearson365 5/28/2023 7:32:48 AM (No. 1479218)
“ Under the terms of the deal, Republicans agreed to extend the government’s borrowing authority for two years — pushing the threat of default beyond the 2024 elections,….” Would seem that Biden has won a major reelection benefit from this expensive agreement. By removing; funding as a campaign issue next year, Biden will continue to falsely claim ‘I balanced the budget” and “I reduced spending by over $1 trilllion, something MAGA predecessor couldn’t do”. This deal places us all in deeper federal debt without any attempt to stop massive, Democrat beneficial spending. But at least we’re getting 87,000 more IRS election interferers, so we got that going for us.
13 people like this.

Reply 17 - Posted by: bpl40 5/28/2023 8:05:07 AM (No. 1479228)
Sellout - period. But is there a practical short term remedy that is NOT worse than the disease? Excess and unconstitutional spending is the real problem. Just tightening eligibility and income requirements on four things the Federal Government wastes money on - Welfare, Medicaid, Disability payments, Unemployment will eliminate almost all long term threats to the debt., Evry single one of the 535 rascals who rule u know this.
11 people like this.

Reply 18 - Posted by: Lawsy0 5/28/2023 8:16:25 AM (No. 1479233)
Everybody loves a Cliff Hanger! As if. What we'd rather know which side caved and how much it will cost our grandchildren.
6 people like this.

Reply 19 - Posted by: janjan 5/28/2023 8:24:29 AM (No. 1479240)
No one on either side is ever happy with a deal made between a Democrat and a Republican. Some compromise had to be made. There was no way out of that. I will gauge my opinion on how much the Democrats squeal.
7 people like this.

Reply 20 - Posted by: Strike3 5/28/2023 8:32:11 AM (No. 1479248)
This is not a deal, it is what the democrats wanted. WORK for the parasites? Who are they trying to fool? Once again, republicans roll over like a dead fish.
12 people like this.

Reply 21 - Posted by: forward 5/28/2023 8:42:33 AM (No. 1479255)
A few minutes ago I held my nose and peeked over on DailyKos (leftist Democrat hub) -- and guess what, they are delighted. Kevin McCarthy got stomped like a grape on this one. He needs to get replaced. Beyond frustrating.
14 people like this.

Reply 22 - Posted by: Birddog 5/28/2023 9:41:40 AM (No. 1479299)
Debt ceiling is not a budget. The house has one of 12 separate appropriations done. 11 to go. THAT will control actual theory. (ending CR's) It better.
6 people like this.

Reply 23 - Posted by: anniebc 5/28/2023 9:51:48 AM (No. 1479314)
If McCarthy caved, shouldn't it cost him his speakership? That's what the conservative bunch promised us. If the debt ceiling was raised one penny, how is that not a loss? Will biden get what he wants first? If so, McCarthy can forget whatever he gave up ever materializing. Loser.
7 people like this.

Reply 24 - Posted by: tootall 5/28/2023 10:09:49 AM (No. 1479328)
NO! This is Lucy and the football! Business as usual. I am infuriated that these grifters continue to pull 11th hour (literally) 'shenanigans' that will serious impact me, but mostly my children and grandchildren! They think we're stupid! They think we're gutless! They don't respect any viewpoint other than their own! And to pull this bs on the weekend we supposedly are remembering those who paid the ultimate price for our Freedom is a direct spit in the face! Let them shut down everything! Everything!! If that's their ace in the hole, let them play it and we'll see how that wakes up the disinterested and uninformed!
9 people like this.

Reply 25 - Posted by: chance_232 5/28/2023 10:45:05 AM (No. 1479361)
The United States is held hostage to a democrat in the white house or 40 democrats in the Senate. Unlike Republicans, democrats are perfectly happy to burn it all down to get their way. I dont blame McCarthy for this. Frankly, it's probably the best we can do, unless he's prepared to see military paychecks and social security checks suspended. And we know, that would be an unmitigated political disaster. The only way that sanity will be restored is with a Republican president, a Republican House and 61+ republicans in the senate. That, my friends, will require divine intervention.
3 people like this.

Reply 26 - Posted by: Zigrid 5/28/2023 11:21:33 AM (No. 1479394)
I agree with poster #3...let's see what's in the bill....then WE can know how effective McCarthy was and is and will ever be...
2 people like this.

Reply 27 - Posted by: danu 5/28/2023 4:56:26 PM (No. 1479594)
with respect #3--if the gop speaker had triumphed, wouldn't his politician's heart have driven him to crow from the rooftop of each win, now-and not hiding under the bed on a long weekend ? iirc, so many predicted here he Would betray us. combine this with the tx speaker buying the ag's seat for some bush nepotism action....not good news. unless we have redress for election theft-A-gain- under the guise of corrupt pots....bribed into voting the kettle 'bad'.
1 person likes this.

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