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House OKs debt ceiling bill to avoid default; sends Biden-McCarthy deal to Senate

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By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI

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With the House vote of 314-117, the bill now heads to the Senate with passage expected by week's end.

So much for the cheap whine (and processed cheese) of the FREEDUMB Caucus.

No that financial Armageddon is off the table, with the border more or less under control, and all the other disasters that the GQP were openly hoping for have not come to pass, what will the GQP run on now?

What is their next manufactured crisis to give the appearance of not being a cult rather than a responsible political party?

7 ( +10 / -3 )

Biden-McCarthy deal 

Exactly what it is. So why most all the Dems voted against Biden’s deal?

-10 ( +4 / -14 )

Republicans politicians are toxic

0 ( +7 / -7 )

@Blacklabel - how is 48 out of 213 most? Sorry, have I lost all my math ability?

9 ( +10 / -1 )

Inflation's BIG problem, Govt. spending cuts to help in fight, interest rates not enough, thus inflation adjusted Govt. discretionary spending falling, more so on per capital basis.

Keep in mind huge non-discretionary programs like Social Security, Medicare, Medicaid, all adjusted for inflation, e.g. 8.7% for 70M retirees this year. Interest costs on debt servicing also exploding due to higher rates. These programs now heading towards insolvency MUCH faster due to COLA/inflation, so huge cuts coming to all beneficiaries.

Social Security projected insolvency and automatic beneficiary cuts was 2034 two years ago, now it's 2029, ditto for other healthcare programs.

-13 ( +0 / -13 )

The measure, a compromise between Biden and House Speaker Kevin McCarthy, drew opposition from 71 hardline Republicans. That would normally be enough to block partisan legislation, but 165 Democrats - more than the 149 Republicans who voted for it - backed the measure and pushed it through.

https://www.reuters.com/world/us/us-debt-ceiling-bill-faces-narrow-path-passage-house-2023-05-31/

And there you have it - McCarthy couldn't convince enough Repubs to pass HIS bill so Dems had to come to the rescue - of McCarthy.....ROFL...

What's even more hilarious...hard-line Repubs calling Biden "senile" but then saying he also "outsmarted" them....

https://news.yahoo.com/calling-joe-biden-senile-republicans-145600231.html

Chalk up another MAGA loss...

6 ( +8 / -2 )

Exactly what it is. So why most all the Dems voted against Biden’s deal?

Perhaps you didn't read the vote count:

Republicans Yat 149, Nay 71

Democrats: Yay 165, Nay 46

6 ( +7 / -1 )

Guess it is better than default. RIP my finances.

4 ( +4 / -0 )

Exactly what it is. So why most all the Dems voted against Biden’s deal?

Perhaps you didn't read the vote count:

Republicans Yat 149, Nay 71

Democrats: Yay 165, Nay 46

What are a few inconvenient facts when one is trying desperately to spin an ass-kicking that Kevin got as something else?

6 ( +7 / -1 )

And the McCarthy-MAGA-mutiny starts...

*Ahead of Wednesday’s vote, the hard right flank of the party didn’t hold back in spelling out the poor state of things. Asked by The Daily Beast if the deal would create long-term distrust between McCarthy and conservatives, Rep. Dan Bishop (R-NC)—perhaps the Speaker’s most dogged critic this week—paused for a long time.*

*“He’s blown Republican unity to smithereens,”** Bishop finally said. “So, you can put that in terms of trust, if you want to. It’s just something that is functionally destroyed.”*

*Pressed on whether he’d back a maneuver to oust McCarthy, *Bishop didn’t rule it out.

*“The important thing is how the Republican Party operates to serve the American people. And whether we do so in a unified fashion requires unity,” he said. “Unity has to be cultivated, forged, and then preserved… *the responsibility for preservation falls to the Speaker, and he has utterly failed in that.”

https://www.msn.com/en-us/news/politics/kevin-mccarthy-s-gop-critics-say-he-ll-be-the-one-to-pay-for-the-debt-deal/ar-AA1bY276?cvid=db72037fdb52493eb1b04413776c404c&ei=12

It looks like Dems will have to rescue Kevin again - to save his speakership...

What do the MAGA-faithful here think about that?

2 ( +4 / -2 )

So why most all the Dems voted against Biden’s deal?

Who told you that they did?

7 ( +7 / -0 )

I thought this bill passing was the big news today...but it's been way overshadowed....

Trump has been caught on tape admitting he has classified information that he shouldn't have and that he can't share it with other people....

https://www.huffpost.com/entry/trump-tape-sensitive-documents-white-house_n_6477e00ee4b0a7554f4264f2

All the while he is on record saying he was allowed to take it and share it (he wasn't), then saying he declassified it by executive order (he didn't), then saying he declassified it "by thought" (that's crazy), then finally saying he didn't take any classified, just empty folders (which given the tape is another lie)...

History repeats itself - especially when it comes to Republican Presidents; tapes took down Nixon, tapes will take down Trump too...

6 ( +8 / -2 )

“Kevin’s” bill must be super great if even that many Dems voted for it plus the Big Guy’s support in the White House.

yay deal!

-11 ( +0 / -11 )

29 Republicans voted against it.

4 ( +6 / -2 )

an ass-kicking that Kevin got as something else?

His bill passed. What ass kicking?

29 Republicans voted against it.

yep he could have held out for even more than he got, I agree with them.

-10 ( +1 / -11 )

“Kevin’s” bill must be super great if even that many Dems voted for it plus the Big Guy’s support in the White House.

It's a deal. Neither side got everything they wanted and had to compromise. Nothing wrong with compromise, right? In a nation as large as ours, compromises are necessary if we don't want to deadlock, default on our obligations, or shut the government down. I am glad the two parties could come together and I hope to see more bipartisan deals going forward.

3 ( +3 / -0 )

Out of 213 Democrats 161 voted against it and 52 in favor. 222 Republicans. 193 voted for, and 29 against.

1 ( +3 / -2 )

Republicans politicians are toxic

Dems are nuclear

-7 ( +3 / -10 )

I'm just happy the Freedom Caucus had their "power" greatly diminished. That's good news for the majority in America.

6 ( +7 / -1 )

An ass-kicking that Kevin got as something else?

His bill passed. What ass kicking?

He said he wasn't going to raise the debt ceiling without large cuts.

First it was to SSC and Medicare under the guise of "entitlement reform" until Joe owned the entire GQP screamer caucus on live TV at the SOTU.

Then it was social spending that they were demanding 22% to (according to some scoring) 30% cuts.

Cut all the IRS funding increases (because what's a little tax fraud among QAnon followers, eh?)

Cut the Inflation Reduction Act.

Cut the Environmental regs.

Institute work requirements for social benefits (because they are all lazy slackers, right?)

And he got NONE of those things.

First of all, the debt limit is not raised, it is ignored for 2 years until after the next election so the loons in the QAnon caucus cannot use it in the next election.

Spending is flat for 1 year in non-defense and veterans taking a govt. shutdown off the table.

70 of the 80 billion for the IRS stays (I guess catching tax cheats is actually in the public interest. Sorry Don....)

The Inflation Reduction Act is untouched.

Evironmental Regs are MOSTLY untouched. (Manchin gets his pipeline and honestly big deal.)

And the work requirements go from 49 to 54 years old BUT exemptions for vets and homeless will actually EXPAND access to benefits.

So Kevin got rolled.

THAT ass-kicking.

And if you don't believe me, listen to his fake grin explanations and the absolute HOWLING for the FREEDUMB Caucus.

It was an ass kicking given to the Hair by Sleppy Joe, the guy who can't put two words together according to his detractors.

So either they are wrong and he actually is rather good at this whole governing thing, OR...

The Hair and his merry band of morons are even stupider and less competent.

Neither is much of a look for the GQP as a governing party.

9 ( +10 / -1 )

Out of 213 Democrats 161 voted against it and 52 in favor. 222 Republicans. 193 voted for, and 29 against.

Better than nothing, at least it puts a cap on Biden’s spending for two years, so that’s a good thing. Elimination of the EPA and Department of Education would be a huge gain for the USA in so many ways, and it would easily balance the existing budget.The winners from this budget deal: corrupt and wasteful government officials and ChinaThe losers from this budget deal: the taxpayers of the USA

-5 ( +3 / -8 )

So, America owes 31 trillion dollars to.... someone/where/thing ? Do I read that right? How is this a good thing? How is this even possible?

-4 ( +2 / -6 )

Inflation's the reason for US Govt. belt tightening. As i wrote above, COLA increases to giant non-discretionary programs and debt servicing costs are skyrocketing.

Meanwhile US tax revenues are falling as more companies struggle with financing costs, report lower profits and of course bankruptcies WAY up this year vs. last year etc.

US Tax revenues to just keep up with inflation should be up +5%, not (3%) negative for Q4 and Q1 this year, while expenditures +11% = Inflationary Catalyst & NOT Sustainable.

US and especially EU real private sector economy, shrinking, high inflation, huge defense spending, etc. No surprise current leadership so unpopular in polling, trending down etc.

-11 ( +0 / -11 )

bass4funk

   Out of 213 Democrats 161 voted against it and 52 in favor. 222 Republicans. 193 voted for, and 29 against.

> Better than nothing,

You previously said you wanted the Bill to fail. Did you change?

8 ( +8 / -0 )

You previously said you wanted the Bill to fail. Did you change?

No

-10 ( +0 / -10 )

So Kevin got rolled.

THAT ass-kicking.

oh so he only got some of what he wanted to get, not everything.

but what he did get was so significant that Democrats actually voted against this because Kevin got more than they are happy with? they are mad he didnt get nothing, which by default means he got something.

You dont sound very happy that we avoided all of those horrible things that defaulting would have caused.

Why are you still not happy if Kevin really got his ass kicked as you claim?

-12 ( +0 / -12 )

The EPA was formed by the Republican president Nixon, in 1970.

6 ( +6 / -0 )

bass4funk

   You previously said you wanted the Bill to fail. Did you change?

> No

Then the passing of the Bill is a failure for you.

7 ( +7 / -0 )

The EPA was formed by the Republican president Nixon, in 1970.

True, but sadly….

https://www.frontpagemag.com/how-the-epa-turned-into-a-toxic-leftist-slush-fund/

-9 ( +0 / -9 )

So, America owes 31 trillion dollars to.... someone/where/thing ? Do I read that right? How is this a good thing? How is this even possible?

Quite simply, the GQP has made paying taxes an evil thing. It used to be the patriotic, civic thing to do. Now it's for suckers.

There is no spending problem. The US is fundamentally under-investing in the future. In Education, Govt. funded basic research, Infrastructure, etc., the level of govt funding as a % of GDP is not up to snuff.

What we have is a revenue problem. The top 1% make incomes that I do not begrudge them but they do not pay a fair portion of their taxes even by Regan-era standards.

Nor do corporations, who benefit from infrastructure, education, basic research and the rule of law, pay taxes in proportion to the benefits they receive.

Luminaries like the late Steve Jobbs used to scream at the top of their lungs to the State Department about copyright protections, but when it came time to base jobs in the US and pay taxes in the US, SUDDENLY they had a feduciary responsibility to their share holders to base as much of their operations overseas as possible so as to escape taxation.

That is why we owe 31 Trillion. Had we not given a massive tax cut to the top 1% of society and major corporations, the debt would be much smaller.

The good news is that as a result of the deal that JOE got passed, the debt will be 1.5 trillion smaller over the course of the next decade.

The appropriate debt level is not zero. The questions are, what is the appropriate debt level (and I would agree that 119% of GDP is too high) and how do we get on a gradual path as a % of GDP to get there.

Over time it is a combination of economic growth resulting in more taxes taken in, ACTUALLY COLLECTING taxes (thus the IRS funding), modest spending cuts and some level or revenue increases (progressive taxation on the rich).

3 ( +4 / -1 )

"Frontpage mag" ROFL

9 ( +9 / -0 )

What we have is a revenue problem.

false- the government is taking in more revenue from its citizens than at any time in the history of our country except 1 year right after WW2 and 1 year during the Bush war.

its how we spend it (and mainly how we give it away to others) that is the issue.

Not "rich people".

-9 ( +0 / -9 )

Then the passing of the Bill is a failure for you.

Not just for the right, the left as well. It wasn’t a win, win for either and not quite a complete loss for both sides.

-7 ( +0 / -7 )

We're seeing a lot of self-contradiction on this thread by our MAGA-faithful...

First they say they support the 29 Repubs who voted against the bill....

29 Republicans voted against it.

yep he could have held out for even more than he got, I agree with them.

Then two posts down, they say they are for it...

The deal mostly works for me too. 

Up is down, black is white, and the vaccine is safe and its poison....

Welcome to MAGA-world...

7 ( +8 / -1 )

You might not love him, but Biden has proven to be the best choice for getting things done.

7 ( +7 / -0 )

Still very confused with @Blacklabels definition of 'most'

8 ( +8 / -0 )

false- the government is taking in more revenue from its citizens than at any time in the history of our country except 1 year right after WW2 and 1 year during the Bush war.

False. Marginal Tax rates for the top income brackets have never been lower and as a % of GDP the wealthy have never been taxed less.

Assuming that your claims of weath are true, you just don't want to pay your fair share for the country you claim to be a part of.

3 ( +3 / -0 )

 result of the deal that JOE got passed

thought it was Kevin's deal?

you guys keep flip flopping.

The good stuff its Biden's deal, the bad stuff its Kevin's deal, huh?

Its not even accurate anyway cause a bill got passed (by Kevin, that Joe supports), not a deal.

A deal doesnt get passed, now does it?

the headline says it all-

".....sends Biden-McCarthy deal"

-9 ( +1 / -10 )

https://www.frontpagemag.com/how-the-epa-turned-into-a-toxic-leftist-slush-fund/

The long-awaited follow-up to "the heard", lol.

4 ( +4 / -0 )

Out of 213 Democrats 161 voted against it and 52 in favor. 222 Re

where are you getting this information? Every news outlet reports the following:

republicans: yes 149, no 71

democrats: yes 165, no 46

the vote was also cast live on TV and is in the congressional record showing those numbers

0 ( +1 / -1 )

lawmakers assessed it was better than the alternative

Some of our more conservative minded posters stated they preferred to tank the economy. It must be disappointing for them that smarter and more sensible minds prevailed.

2 ( +3 / -1 )

We're seeing a lot of self-contradiction on this thread by our MAGA-faithful...

None

First they say they support the 29 Repubs who voted against the bill....

Yes, but did I like it, absolutely not, keep trying, you are slipping.

> Up is down, black is white, and the vaccine is safe and its poison....

For some it is.

Welcome to MAGA-world...

Proud of it.

-5 ( +0 / -5 )

Poor chip roy, all that talk of turd sandwiches and lynchings just to get his gammon face in the news.

3 ( +3 / -0 )

Some of our more conservative minded posters stated they preferred to tank the economy. It must be disappointing for them that smarter and more sensible minds prevailed.

And to that Kevin is smart to get no new spending for 2 years and that is something the Dems didn't like, so they got equally got backed in a corner.

-5 ( +0 / -5 )

We're seeing a lot of self-contradiction on this thread by our MAGA-faithful...

None

Those were not your posts - they were from your fellow MAGA-member...why did you think they were yours?

First they say they support the 29 Repubs who voted against the bill....

Yes, but did I like it, absolutely not, keep trying, you are slipping.

Hated it - but voted for it....OK, sounds like your vote in 2020...

Up is down, black is white, and the vaccine is safe and its poison....*

For some it is.

BINGO! Thanks for the admission...

Welcome to MAGA-world...

Proud of it.

Good for you...I guess you hate it and love it at the same time...

6 ( +6 / -0 )

btw, this hasnt passed the Democrat led Senate yet.

No expected shenanigans there?

all good? everybody onboard with the things they lost?

-8 ( +1 / -9 )

Btw, this hasnt passed the Democrat led Senate yet.

No expected shenanigans there?

Nope. None on the non-GQP side. God only knows what the fame-seeking Lee/Hawley/Paul gargoyles will do, but it is going to pass. It will pass comfortably. Bernie won't vote for it and nobody will care.

It's going to pass because unlike the total Goobers in the House, Mitch, dislike him as I do on policy, is a responsible adult who will not tolerate silliness with the full faith and credit hanging in the balance.

It's done. It will pass. Goobers lose.

4 ( +4 / -0 )

Those were not your posts - they were from your fellow MAGA-member...why did you think they were yours?

Because I could care less.

Hated it - but voted for it....OK, sounds like your vote in 2020...

Naw, 2016

BINGO! Thanks for the admission...

Yup!

Good for you...I guess you hate it and love it at the same time...

It's Called human emotion

-8 ( +0 / -8 )

result of the deal that JOE got passed

thought it was Kevin's deal?

Joe got the deal done. Kevin had to eat it.

Given what he took from Trump, he probably didn't even notice.

4 ( +4 / -0 )

@Blacklabel: It will pass the Senate. Period.

6 ( +6 / -0 )

Our MAGA friends can do their usual delusion spin and try to make this some kind of victory for McCarthy when it is clear it is a humiliating defeat...

This was HIS bill in the House - he wanted it passed, but he couldn't get a plurality of his own Repubs to support him and pass it - 71 opposed him....so Jeffries got a majority of Dems to HELP Kevin and pass HIS bill...

https://www.reuters.com/world/us/us-debt-ceiling-bill-faces-narrow-path-passage-house-2023-05-31/

Got that? Dems helped Kevin pass his debt ceiling bill - not Repubs...

Now he has to face the wrath of these 71 angry, outraged Repubs...when it only takes 1 to issue a motion to vacate...

So he had to grovel to Dems to help pass his bill and now faces a mutiny to his speakership...

I guess that's "winning" in MAGA-world...

ROFL...

4 ( +4 / -0 )

Love how the dems label everyone that dares question their agenda as ‘hard right Maga extremists’. Their language reveals their low views on democracy, along with their narcissistic low resolution moralism that is not only dangerous but does more harm than good. The results of uncle Joe plain as day for everyone to see. He is a train wreck. Anyone watch him try to explain what just happened? Meme worthy.

Give me a staunch, feet on the ground conservative any day to run any company, group or nation. Realism vs idealism. ( an ex idiot leftist myself, many have made the switch )

It wasn’t a win for either side this one, such is the nature of the word ‘deal’, but the lines are being drawn. Always hoping for America to find sturdier ground and stronger feet.

-6 ( +0 / -6 )

Our MAGA friends can do their usual delusion spin and try to make this some kind of victory for McCarthy

It wasn't a victory for anyone, definitely not for either party. The only people that humiliated were once again the American people.

This was HIS bill in the House - he wanted it passed, but he couldn't get a plurality of his own Repubs to support him and pass it - 71 opposed him....so Jeffries got a majority of Dems to HELP Kevin and pass HIS bill...

While putting a cap on their own spending, a win, win, thanks, Jeffries.

Now he has to face the wrath of these 71 angry, outraged Repubs...

He will be fine, not much else he could have done, but the Dems now have to gripe and deal with the fact they don't get a blank check anymore. Thank God!

I guess that's "winning" in MAGA-world...

No, its Washington compromising

-6 ( +0 / -6 )

Love how the dems label everyone that dares question their agenda as ‘hard right Maga extremists’.

They are just regurgitating WH talking points as if conservatives get angry at the word. Lol

Their language reveals their low views on democracy, along with their narcissistic low resolution moralism that is not only dangerous but does more harm than good. The results of uncle Joe plain as day for everyone to see. He is a train wreck. Anyone watch him try to explain what just happened? Meme worthy.

Well, exactly.

Give me a staunch, feet on the ground conservative any day to run any company, group or nation. Realism vs idealism. ( an ex idiot leftist myself, many have made the switch ) 

I totally understand the feeling.

-6 ( +1 / -7 )

Our MAGA friends can do their usual delusion spin and try to make this some kind of victory for McCarthy

It wasn't a victory for anyone, definitely not for either party. The only people that humiliated were once again the American people.

This was HIS bill in the House - he wanted it passed, but he couldn't get a plurality of his own Repubs to support him and pass it - 71 opposed him....so Jeffries got a majority of Dems to HELP Kevin and pass HIS bill...

While putting a cap on their own spending, a win, win, thanks, Jeffries.

Now he has to face the wrath of these 71 angry, outraged Repubs...

He will be fine, not much else he could have done, but the Dems now have to gripe and deal with the fact they don't get a blank check anymore. Thank God!

I guess that's "winning" in MAGA-world...

No, its Washington compromising

4 ( +5 / -1 )

Got that? Dems helped Kevin pass his debt ceiling bill - not Repubs...

Yep got it buzzy

So its either two things-

One, the Dems thought it was a bad deal and screwed the American people by voting for it just to try to "clown" Kevin.

Or, the Dems thought it was a good deal and voted for Kevin's great deal for the American people as they should have.

Neither is the win or the own you think it is. Because everyone who voted against on both sides is blameless now that it passed.

-7 ( +1 / -8 )

Our MAGA friends can do their usual delusion spin and try to make this some kind of victory for McCarthy

It wasn't a victory for anyone, definitely not for either party. The only people that humiliated were once again the American people.

Glad to see you disagree with your MAGA-partner who thinks it was a McCarthy victory...

But explain to us how this is not a defeat for McCarthy when he couldn't get even a plurality of his OWN party to vote for HIS bill - and had to have Dems come in and rescue him?

He had to go grovel to Jeffries for Dem votes....that's not a defeat?

6 ( +6 / -0 )

Got that? Dems helped Kevin pass his debt ceiling bill - not Repubs...

Yep got it buzzy

Good because Kevin certainly didn't have the votes himself.

Because he got virtually nothing that he wanted.

And Kevin deserves the derision he gets for attempting to hold the economy hostage to get a non-debt repayment issue that they could not get through the budget process.

And now they don't get it anyway.

AND the debt limit is off the table.

Spin it any way you want, everyone including the Whacko-birds knows that Keven took a whipping at the hands of Sleepy Joe.

5 ( +5 / -0 )

Great to see McCarthy taking the leadership role on this.

-5 ( +1 / -6 )

Glad to see you disagree with your MAGA-partner who thinks it was a McCarthy victory...

I said, neither side won, but both sides gained a little something

But explain to us how this is not a defeat for McCarthy

I already said what it did. scroll up.

He had to go grovel to Jeffries for Dem votes....that's not a defeat?

And also got the Dems to hold off spending for 2 years, checkmate Jeffries.

-6 ( +1 / -7 )

He had to go grovel to Jeffries for Dem votes....that's not a defeat?

thats a complete and TOTAL victory to make the Dems vote for this too.

Now they cant point a finger if it ends up being a bad deal for the American people.

they voted for it too, lost that ability to just blame Repubs like they always do.

Joe supported it too, so he also has ownership.

-9 ( +0 / -9 )

Great it was Bi-Partisan for Change, always Positive!

Like "No Labels" busy organizing third party, no crazy agenda driven partisans, compromise = Good Thing, we need more such wins!

-5 ( +1 / -6 )

Because he got virtually nothing that he wanted. 

Neither did Joe

And Kevin deserves the derision he gets for attempting to hold the economy hostage to get a non-debt repayment issue that they could not get through the budget process. 

That will blow over when they realize, things will change in two years when Biden is gone.

And now they don't get it anyway. 

Keeping the lid on Dems spending is good enough even if it is only for 2 years.

Spin it any way you want,

I don't need to spin anything.

-6 ( +1 / -7 )

Great to see McCarthy taking the leadership role on this.

Sure, if you call taking it in the shorts "leadership", go for it.

He did what he had to do given the plank that he had walked himself out on.

His freedumb goobers are mad at him for not being stupid enough to jump.

3 ( +4 / -1 )

His freedumb goobers are mad at him for not being stupid enough to jump.

This shall pass as well and the Dems will be on the opposite end, that pendulum swings both ways.

-6 ( +1 / -7 )

His freedumb goobers are mad at him for not being stupid enough to jump.

This shall pass as well and the Dems will be on the opposite end, that pendulum swings both ways.

No it won't. The goobers don't forget and they won't forgive Kevin for not being a total goober.

And the Democrats have proven in spades that they are the responsible parents. They won't put themselves in a situation this stupid.

They aren't GQP after all, lol.

3 ( +4 / -1 )

bass4funk

The EPA was formed by the Republican president Nixon, in 1970.

True, but sadly….

https://www.frontpagemag.com/how-the-epa-turned-into-a-toxic-leftist-slush-fund/

Hahaha

https://mediabiasfactcheck.com/frontpage-magazine/

3 ( +4 / -1 )

No it won't.

Of course we will, no power stays lasting forever, hate to break it to you

The goobers don't forget and they won't forgive Kevin for not being a total goober. 

If that were to happen, then we just have a new speaker

And the Democrats have proven in spades that they are the responsible parents.

No, because if they were, they were still control of the house

-6 ( +1 / -7 )

Sadly, this atmosphere is what you might expect if a suicide cult assumed political influence.

This should not be happening. It's so abnormal.

7 ( +7 / -0 )

America owes 31 trillion dollars to.... someone/where/thing 

The biggest holder of treasuries, ie, US debt, is the social security fund. Several other US government funds, like the highways fund, are among the biggest. Pension funds in both the public and private sectors are also near the top.

As for foreign holders, Japan is the biggest, followed by China. Those countries buy treasuries because they earn tons of $$$ thru international trade and would rather not hold so much foreign cash. The US govt pays US$ to those countries for the coupon and principle on the bonds. Those countries can’t use most of that money to buy anything at home, so they use it to buy more treasuries or other US products, services and assets. The vast majority of USD ends up back in the US.

3 ( +3 / -0 )

Resorts are coming out about a side deal between McCarthy and Jeffries that gave Dems more cash for earmarks if they helped McCarthy pass a procedural hurdle.

Should be fun if true.

2 ( +4 / -2 )

Read the 99 page Bill, not a good solution to the Federal government continually spending more than States send to DC. Most striking points: 1) it claws back less than $30 billion of $4.7 Trillion Covid money doled out, and 2) it included environmental and permitting clearances for a 300+ mile pipeline project from West Virginia to Southern Virginia. Who does that pander to? Senator Joe Manchin's constituents, who are being hard-pressed to support his re-election. Sickening, and all on us taxpayers' dollars, not dimes....

Oh, I weep for the poor., voting for Paul robbing Peter, never helps.

-4 ( +1 / -5 )

Oh, I weep for the poor.

Better late than never. You didn’t yesterday.

2 ( +3 / -1 )

Out of 213 Democrats 161 voted against it and 52 in favor. 222 Republicans. 193 voted for, and 29 against.

I wonder what that vote was for, as it was not to send the bill for the extension of the debit ceiling to the Senate.

The legislation to avoid a limit on the country’s debt passed the House, 314-117. A total of 149 Republicans and 165 Democrats voted in favor, while 71 Republicans and 46 Democrats voted against. The vote on the bill, which needed a simple majority of 218 votes to pass, comes after months of negotiations between Congress and the White House.

https://www.ocregister.com/2023/05/31/how-did-orange-countys-representatives-vote-on-the-debt-ceiling-deal/

Out of 211 Democrats 46 voted against it and 165 in favor. Republicans 71 against and 149 in favor.

3 ( +3 / -0 )

Out of 211 Democrats 46 voted against it and 165 in favor. Republicans 71 against and 149 in favor.

Shhhhh! Don't talk facts.

You'll only confuse it. It gets easily confused.....

1 ( +2 / -1 )

Oh, I weep for the poor., voting for Paul robbing Peter, never helps

Neither do tax cuts for the ultra rich.

5 ( +5 / -0 )

“What does that say about this extreme MAGA Republican majority?”

The farce Kev, his Kens, Karens, Margie Q, and other kooks showed once again that the Trump Republican sect cares next to nothing about the majority of the country, and are in office and stay in office by doing whatever they can to help the elite establishment maintain their power and control.

4 ( +4 / -0 )

The farce Kev, his Kens, Karens, Margie Q, and other kooks showed once again that the Trump Republican sect cares next to nothing about the majority of the country, and are in office and stay in office by doing whatever they can to help the elite establishment maintain their power and control.

PT, I would submit that they care a great deal about the majority, but nothing about resposible governence. Perhaps it is a distinction without a difference.

2 ( +3 / -1 )

Neither do tax cuts for the ultra rich.

The poor create jobs now? How? Lol

-4 ( +1 / -5 )

Republican sect cares next to nothing about the majority of the country, and are in office and stay in office by doing whatever they can to help the elite establishment maintain their power and control.

Sorry, it wasn’t the GOP that started a war and got involved in Ukraine or ran on open borders or spent like a drunken sailor on entitlements for everything other than teaching America s how to be self-reliant, curtail spending funding a woke military, but not wanting to upgrade our hardware and on and on, as for the establishment, the Dems and their Democrat donors are the most powerful people on the planet, what are you on???

-5 ( +1 / -6 )

But Republican Rep. Chip Roy, a member of the Freedom Caucus helping to lead the opposition, said, “My beef is that you cut a deal that shouldn’t have been cut.”

Coal baron Manchin got his corporate welfare dirty infrastructure project, the Republicans stuck it to the poor, Republicans can exult and the American people can suffer.

Same as usual and another morning in America.

5 ( +5 / -0 )

Bass: The poor create jobs now? 

Nearly all jobs are created by small business in America, not the ultra rich. Stop giving Paris Hilton tax breaks.

3 ( +4 / -1 )

Obviously you are not since none of those things are true

All true. All of it

None of it. And although saying it over and over in your bubble (or where ever you are) may be an effective rhetorical technique, here on Planet Reality (AKA Earth) merely repeating wild non-factual bunk just doesn't cut it.

Love the Pee-Wee Herman impression though.

1 ( +2 / -1 )

The poor create jobs now? How? Lol

https://borgenproject.org/how-fewer-people-in-poverty-creates-more-jobs/

https://truthout.org/articles/actually-the-rich-dont-create-jobs-we-do/

https://www.businessinsider.com/rich-people-create-jobs-2013-11?op=1

Demand creates jobs.

4 ( +4 / -0 )

Nearly all jobs are created by small business in America,

True

not the ultra rich. Stop giving Paris Hilton tax breaks.

Paris Hilton, love small business owners got a lot in my family, but when it comes to building corporations and employing thousands you need the Rich, so we are right back where we started.

-4 ( +1 / -5 )

Sorry, it wasn’t the GOP that started a war and got involved in Ukraine or ran on open borders or spent like a drunken sailor on entitlements for everything other than teaching America s how to be self-reliant, curtail spending funding a woke military,

Wokeness , Ukraine, entitled poor. Right.

The deflection of corporate shills is real from the real causes of government shortfalls.

https://itep.org/budget-deficit-revenue-shortfall-caused-by-tax-cuts-for-wealthy/

4 ( +4 / -0 )

Kuramazaka2.1: Hope you enjoyed being influential for a few months!

This is what keeps me smiling about the deal. The Freedom Caucus was utterly marginalized during this process. And now they can't even make good on their "leaverage" to oust Kevin as they don't have to votes to carry out the threat.

How the mighty have fallen.

4 ( +5 / -1 )

This is what keeps me smiling about the deal. The Freedom Caucus was utterly marginalized during this process. And now they can't even make good on their "leaverage" to oust Kevin as they don't have to votes to carry out the threat.

How the mighty have fallen.

Who fell?

Not sure about that, I’m just glad at least for a time the breaks have been put in this President’s blank check spending

-4 ( +1 / -5 )

Bass: but when it comes to building corporations and employing thousands you need the Rich, so we are right back where we started.

And the rich need workers to build their products and the middle class to buy them at scale. You keep pretending that the only piece of the puzzle is a rich person and that's where you go wrong. It's like telling me that a car needs an engine as a way to say we can ignore wheels.

Stop ignoring the poor and middle class. They play a part and shouldn't be sidelined so you can hand over more money to rich grandkids of industrialists.

4 ( +5 / -1 )

And the rich need workers to build their products

But the mega-Rich have the money to pay them

Stop ignoring the poor and middle class.

I don’t, but the Rich provide jobs, not the poor.

-1 ( +2 / -3 )

Bass: Who fell?

Your beloved Freedom Caucus. The ones you supported. The ones you said would keep a tight leash on McCarthy back when you hated him becoming speaker. The ones who held the power to replace him.

The cherry on top will be if McCarthy paid off Democrats to help go around the "Freedomers." That would be epic.

3 ( +4 / -1 )

Bass: But the mega-Rich have the money to pay them

And they get their money from the middle class buying their products. That's why a shrinking middle class is worrisome and why we should be focusing tax cuts there. Giving all the tax breaks to the rich would stall the economy. Giving them all to the middle class would boom the economy.

Can't deny that.

4 ( +4 / -0 )

I can litterally hear Pee-Wee's "I know you are but what am I?"

Goes both ways

Very effective as a pursuasive tool

Of course

-4 ( +0 / -4 )

And they get their money from the middle class buying their products. That's why a shrinking middle class is worrisome and why we should be focusing tax cuts there. Giving all the tax breaks to the rich would stall the economy. Giving them all to the middle class would boom the economy.

Maybe if the Dems wouldn’t have crushed the middle class with their disastrous policies people wouldn’t leave Cali and NYC in droves. Taking other people’s money is never the solution.

-4 ( +1 / -5 )

Neither Wal-mart greeter nor "citizen-journalist" count.

Try again.

And you couldn't even name a great actor,

Then you have bad taste.

lol. Just the he-man you imagine yourself to be....

Hardly

-5 ( +1 / -6 )

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