Debt Ceiling 2023
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https://www.politico.com/news/2023/05/14/supreme-court-debt-limit-14th-amendment-00096784
More discussion on the 14th Amendment. Some interesting stuff like whether the Supreme Court would want or touch it at all, whether anyone will buy bonds issued by the Executive Branch (but not authorized by the Legislative Branch), whether anyone will have standing to sue if such bonds are issued, especially if such bonds are sold only to the Federal Reserve.
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https://abcnews.go.com/Politics/biden-give-prime-time-address-debt-ceiling-deal/story?id=99787806
Biden to speak about the debt ceiling deal tonight at prime time (June 2, 2023, 7 PM Eastern).
@Axtremus said in Debt Ceiling 2023:
Biden to speak about the debt ceiling deal tonight at prime time (June 2, 2023, 7 PM Eastern).
One of the provisions in the agreement is the cancellation of student debt forgiveness. Somewhere I read that that's a stand-alone bill.
I wonder if he'll veto that.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@Axtremus said in Debt Ceiling 2023:
Biden to speak about the debt ceiling deal tonight at prime time (June 2, 2023, 7 PM Eastern).
One of the provisions in the agreement is the cancellation of student debt forgiveness. Somewhere I read that that's a stand-alone bill.
I wonder if he'll veto that.
@George-K said in Debt Ceiling 2023:
@Axtremus said in Debt Ceiling 2023:
Biden to speak about the debt ceiling deal tonight at prime time (June 2, 2023, 7 PM Eastern).
One of the provisions in the agreement is the cancellation of student debt forgiveness. Somewhere I read that that's a stand-alone bill.
I wonder if he'll veto that.
Nah, he’ll sign as is. He and McCarthy made the deal after all.
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@George-K said in Debt Ceiling 2023:
@Axtremus said in Debt Ceiling 2023:
Biden to speak about the debt ceiling deal tonight at prime time (June 2, 2023, 7 PM Eastern).
One of the provisions in the agreement is the cancellation of student debt forgiveness. Somewhere I read that that's a stand-alone bill.
I wonder if he'll veto that.
Nah, he’ll sign as is. He and McCarthy made the deal after all.
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https://www.cnbc.com/2023/05/26/house-passes-bill-blocking-student-debt-forgiveness.html
The Senate passed a bill on Thursday aimed at blocking President Joe Biden’s student debt forgiveness plan and ending the pause on federal student loan payments and interest.
The Republican-sponsored bill passed by a vote of 52-46 with three Democrats joining Republicans in support of the resolution. The White House vowed to veto the bill before it went before the House.
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Bernie's op-ed:
https://www.theguardian.com/commentisfree/2023/jun/02/bernie-sanders-debt-ceiling-bill
Bernie says he could not vote for the debt ceiling bill because he thinks the bill cut programs for the most vulnerable, and thinks that Biden should have invoked the 14th Amendment to resolve the issue instead.
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If Biden vetoes the bill, I'd beat him about the political head and shoulders until he is bowed and bloody. And if one, repeat one Social Security check gets delayed, I'd pin it on him like the tail on the Democrat donkey.
It would be a helluva losing issue.
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Aftermath:
House conservatives choke floor action as revenge for debt deal
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A band of roughly a dozen firebrands, mostly in the Trump-aligned Freedom Caucus, are now working to derail senior Republicans’ plans to pass even widely popular party priorities on the floor this week.
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And there goes the entire week for the House GOP:
House leaders canceled planned votes for the rest of the week amid a revolt by conservative members that brought any votes on the House floor to a halt.
