Thursday, June 1, 2023

"SENILE" BIDEN OUTPLAYS "SHARPER" GOP ON DEBT CEILING



CNN — The US House of Representatives voted overwhelmingly on Wednesday to pass a bill to suspend the nation’s debt limit through January 1, 2025, as lawmakers race to prevent a catastrophic default.

The bill will next need to be passed by the Senate before it can be sent to President Joe Biden to be signed into law. In the Senate, any one lawmaker can delay a swift vote and it is not yet clear when a final vote will take place.

The timeframe to pass the bill through Congress is extremely tight and there is little room for error, putting enormous pressure on leadership in both parties.

Lawmakers are racing the clock to avert a first-ever default ahead of June 5, the date the Treasury Department has said it will no longer be able to pay all the nation's obligations in full and on time, a scenario that could trigger global economic catastrophe.

The debt limit bill faced backlash from the far right and the far left, but in the end it passed the House by a wide margin with significant bipartisan support.

The final tally for the vote was 314 to 117. There were 149 Republicans and 165 Democrats who voted for the bill and 71 Republicans and 46 Democrats who voted against it...

The Congressional Budget Office told McCarthy in a letter Tuesday night that the bill would reduce budget deficits by $1.5 trillion over the next ten years. The letter says that if the bill is enacted, “mandatory spending would, on net, decrease by $10 billion, and revenues would, on net, decrease by $2 billion over the 2023–2033 period,” the agency wrote. “As a consequence, interest on the public debt would decline by $188 billion.” Discretionary spending would be reduced by a projected $1.3 trillion over the 2024-2033 period.

But in a troubling sign for McCarthy, the CBO also warned that changes to the work requirement provisions in the food stamps program “would increase federal spending by about $2.1 billion over the 2023-2033 period.” 

The bill would increase the upper age limit of the existing work requirement through age 54, but veterans, homeless Americans and former foster youth of all ages would be exempt. Combined, these provisions would increase the number of people receiving benefits by about 78,000 people in an average month during the 2025 to 2030 period, when they were fully in effect, according to the agency.

15 comments:

Anonymous said...


Time for Americans to keep a budget.

Pay all your credit cards. Then throw them away.

Teach your kids to manage money and learn about prices (food, car, shelter,health, etc)

Americans can do it.

Try not to use A LOT of drugs, alcohol, party, overeat etc

Anonymous said...

consider fat a dictatorship and an enemy, like russia. It has already taken half of the free world countries and continues on a rampage that not even napolion can compare. grease and sugar are its generals. Drugs and alcohol are the weapons of mass destruction. laziness are the end results that will bring down the world. Homelessness is victory.

Anonymous said...

The U.S. food stamp program was launched during the Great Depression. It’s high time that this Republican program is abolished. Our government needs to take a different approach in how to better assist the elderly and handicapped. All other able Americans need to get to work. This program like many other programs is a big waste of taxpayer money.

Anonymous said...

It's time the people take responsibility like before FDR and get get back to work. The black cannot work because their thinking is backwards because they have PTSD of slavery that the white man did to their great great great great great great fathers? The Mexicans, well they get blame for wanting to work and learn English. For the white man, these people want to work like the Jetsons, working only 3 hours a week pushing buttons? Tell it how you see it!

Anonymous said...

Work camps during FDR's time built up infrastructure all over the USA.

Anonymous said...

red necks and hillbilies are the most lazy citizens of this country. Sent all of them back to cockroach europe. end unemployment now. pinches huevones mamones

Anonymous said...

I voted for Joe. But I don't think I'll vote for him again. He's just getting too old. If Michelle Obama should run for President, yup I'm votin for her.

Eldelasprietas.






Anonymous said...

The president of the free world was just attacked by a sandbag and the bag won! This guy can't even walk without tripping. A loser elected to the presidency by the democratic idiots.

Anonymous said...

June 1, 2023 at 7:16 PM

People fall all the time. Kids, Children: they cry.

Teenagers: they laugh and get embarrassed.

Adults: they pretend nothing happened.

Old people: the world is sending them a message when they fall: Do the good fight and do not go gentle into the night. Rock the world of the young ones !!
Buy a sports car, spend all the inheritance on you !!!!

GO JOE BIDEN !!! Rock our world.

A true Patriot in the US! said...

Really Montoya, do you really believe the shit you spew about this idiot, Commander in Chief? You either are very dense in your common sense or just a plain dunce? I'm guessing you must be getting a check of some sorts and you are just surviving like the rest of us patriots? Economics were a helluva lot better when daddy, President Trump was in office, for sure. Good ole' Brandon allowed the corporate greed to excel and then gives billions away to a third world country that was known for money laundering and zelensky buying an 8 million dollar house for mommy. I don't know about you but it sure hurts when I have to dish out my measly SS check and retirement to survive and feed my family.

Anonymous said...

June 2, 2023 at 10:58 AM

Trump and his followers will continue to damage the USA for 100 years, with all the people he installed in the Supreme Court and all the rulings they will enact. So, you are right. Economics was better when President Trump was in office.....for his friends only. The rest of the Republicans just are good at following him and dying for him. Trump doesn't care about the poor Republicans and they gave him everything in return.

Anonymous said...

June 2, 2023 at 10:58 AM
what family if you are on ss you should NOT have any family idiota. pinche hillbilly at 80 you still have 15 kids and on ss.

Anonymous said...

Trump was the worst president ever in the history of the USA. Lied that Mexico will pay for the border wall, lied that he would replace Obamacare, Lied about how deadly Covid19 truly was. Lied about Russia meddling in the election "Russia if you're listening " Believed Putin instead of his own intelligence agencies, refused the draft not one but three times but criticized senator John McCain because he was a POW, claimed rigged elections but the one trying to cheat was him "Georgia find me 11k votes " and to top it off, main instigator on the January 6th violence. And he still wants to be president again? Wake up people and realize who the big liar is.

Anonymous said...

You sure know how to prop up a cadaver without the aid of rigor mortis, Montoya.

Anonymous said...

John McCain will go down as a loser in history. He believed the fabricated Russia collusion story. Proven false by the Durham investigation. Biden would be worse than Carter, but Obama is the one pulling Biden's strings. Look up the Hunter Biden laptop and corruption stories. There is a new site with pictures from his laptop.

rita