Debt Ceiling 2023

[Mik]

Very presidential thing to do.

[George K]

@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.

[Copper]

I bet he wants more of your money.

And he wants more debt.

[Mik]

Yep. He wants more money. He talks about taxing the wealthy but doesn't seem to understand the difference between net worth and income. That was a most partisan non-partisan speech.

Still, it was pretty good, and it was presidential.

[Jon]

@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.

[Mik]

Agreed, Jon. Despite his slightly confusing speech, the bipartisanship is encouraging.

[George K]

@Jon said in Debt Ceiling 2023:

Nah, he’ll sign as is. He and McCarthy made the deal after all.

Turley's article doesn't substantiate his comment about what KJP said.

[George K]

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.

[Jon]

This is better in the end, ending the program would moot the SCOTUS case. I’d rather SCOTUS end it so no president tries again some day.

[Axtremus]

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.

[Jon]

That seems on-brand.

[Jolly]

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.

[Axtremus]

Aftermath:

https://www.politico.com/news/2023/06/07/house-conservatives-choke-floor-action-as-revenge-for-debt-deal-00100785

House conservatives choke floor action as revenge for debt deal
...
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.
...

[Jolly]

Ain't that somethin'?

[Mik]

Cutting off their nose to spite their face.

[Axtremus]

And there goes the entire week for the House GOP:

https://thehill.com/homenews/house/4039569-house-cancels-votes-for-rest-of-week-amid-floor-chaos/amp/

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.

[Mik]

Great way to kill any chance of increasing seats in 2024.