Debt Ceiling 2023
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https://www.npr.org/2023/01/14/1149247070/debt-ceiling-raising-federal-impacts
We're coming up against the debt ceiling. The Republican House is threatening to use the debt ceiling as a bargaining chip again.
Will there be domestic discretionary spending cuts?
Will there be defense spending cuts?
Will there be entitlement cuts?
Will there be a government shutdown?
Will the US government's debts be downgraded?
Will the US government default on its debts?
Will there be a financial tsunami?
Will there be an economic Armageddon?Stay tuned ... for the many political grandstandings sure to follow!
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Cut it like a business does.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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@Mik said in Debt Ceiling 2023:
Cut it like a business does.
Businesses I've worked for typically cut lots of stupid shit, and leave the bloody obvious untouched.
We once had a delegation fly in from Germany to Canada by executive jet, and then arrive in a stretch limo in order to give us a presentation on reducing expenses. It really improved morale no end!
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@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
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@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
@Aqua-Letifer said in Debt Ceiling 2023:
@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
I'm probably OK with 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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@Aqua-Letifer said in Debt Ceiling 2023:
@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
I'm probably OK with that.
@George-K said in Debt Ceiling 2023:
@Aqua-Letifer said in Debt Ceiling 2023:
@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
I'm probably OK with that.
Well, I'm in line in front of them, so I'm not a big fan.
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@George-K said in Debt Ceiling 2023:
@Aqua-Letifer said in Debt Ceiling 2023:
@Mik said in Debt Ceiling 2023:
Cut it like a business does.
In 2023 that would mean firing the staff to let AI run things.
I'm probably OK with that.
Well, I'm in line in front of them, so I'm not a big fan.
@Aqua-Letifer What the heck is your avatar??? It looks like a cat face in Joker makeup.
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@Aqua-Letifer What the heck is your avatar??? It looks like a cat face in Joker makeup.
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@George-K said in Debt Ceiling 2023:
@Catseye3 it's a red panda, offering its opinion:
Indeed. I don't know why he's wearing what he's wearing, but who understands red pandas anyways.
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@George-K said in Debt Ceiling 2023:
@Catseye3 it's a red panda, offering its opinion:
Indeed. I don't know why he's wearing what he's wearing, but who understands red pandas anyways.
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@Axtremus said in Debt Ceiling 2023:
@Aqua-Letifer said in Debt Ceiling 2023:
Link to video… but who understands red pandas anyways.
Yes, that is indeed a movie that features a red panda.
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Quote from earlier this week:
Former Trump OMB Director, Mick Mulvaney, to @thedispatch: "The truth of the matter is that the first two years of the Trump administration, when the Republicans had the House and the Senate, we raised spending faster than the last couple of years of the Obama administration."
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https://www.cnn.com/2023/01/19/politics/debt-ceiling-deadline-treasury/index.html
The U.S. has hit the debt ceiling. Treasury starting to take "extraordinary measures."
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I think premium bonds are more likely.
But hopefully the threat of them will make the GOP realize their hand is only so strong, and the ugliness of them will make the Dems realize their hand is only so strong, which will lead to some reasonable compromise.
But I’m not sure I’d bet on it.
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I think premium bonds are more likely.
But hopefully the threat of them will make the GOP realize their hand is only so strong, and the ugliness of them will make the Dems realize their hand is only so strong, which will lead to some reasonable compromise.
But I’m not sure I’d bet on it.
@jon-nyc said in Debt Ceiling 2023:
... which will lead to some reasonable compromise.
But what is a reasonable compromise for the "debt ceiling" issue?
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@jon-nyc said in Debt Ceiling 2023:
... which will lead to some reasonable compromise.
But what is a reasonable compromise for the "debt ceiling" issue?
Everyone would have their own definition.
My own definition would be a combination of tax increases and benefit cuts that put us on a 10 year path to keep debt sustainably at 95% of GDP or less. It would have to be a bipartisan deal, since anything else would get undone a few years later.
As I said before, I’m not holding my breath.
