Gotta love Biden’s solution to housing costs. Increase monthly fees for those that have a good credit score and give the money to those who can’t afford the mortgage.
Like this will end well. Remember the sub-prime mortgage mess? If you can’t afford a mortgage, the government can not help.
The US congress spent money they didn’t have. Biden did not spend that money, congress did. The President can present a budget, but it’s up to the congress to spend the money. It’s also up to the congress to honor past commitments. Future commitments are under its control, but not past commitments.
The real problem is separation of the debt limit from the budgetary process. A deficit budget should really address the issue before it becomes a political club (on both sides).
Well, Democrats try to spend money on things that might help the American people. It is the American people’s tax money, after all. Republicans want to save it up and underhandedly give it to their donors. Vote Republican. Shoot yourself and your country in the foot.
Why is it Democrats are always the fiscal conservatives while republicans are the liberal spenders, yet republicans try to say the opposite in the face of the facts? Democrats are no doubt the most liberal socially leading to true personal freedom, just the opposite of the christian nationalists.
If Republicans cause debit default, all Americans not just Democrats, will suffer from the damage. Every American except, probably, millionaires and billionaires. Parents and grandparents receiving social security after paying into the program will be left high and dry. This childish behavior will mainly hurt the “middle” & “lower” classes.
From NPR: Although it has never happened, the U.S. has come CLOSE TO A DEFAULT. In August 2011, for example, ratings agencies downgraded the U.S. from its top AAA credit rating to AA+ amid prolonged debate in Congress on whether to raise the debt ceiling. IT SENT THE MARKETS INTO A FREEFALL.
An ACTUAL DEFAULT WOULD BE MUCH WORSE, most economists agree. Not only would the U.S. likely be downgraded again, but government workers and Social Security recipients — among many others — would go unpaid. Financial markets could be severely hit. For businesses and average Americans, it could become difficult to borrow money. Without access to credit, a recession would be all but certain, many economists agree.
The global status of the U.S. dollar as a reserve currency and of U.S. Treasury bonds as a “safe haven” investment might also be challenged.
We have too much debt now, most economists agree, but paying it down too rapidly could severely rattle the domestic and global economies due to their reliance on investments in U.S. treasuries.
Economists generally think some debt is important. The banking sector needs treasuries to sell to individuals, organizations, fiduciaries and corporate investors. Without them, the U.S. economy would simply grind to a halt.
Trump / Repub tax bill of 2017 added TRILLIONS to the debt / deficit but the Repubs were happy to raise the debt ceiling at least three times. Companies bought back stock, private planes became tax deductible and Ron Johnson held out until he got a cut for his donors. “Deficits don’t matter” (Reagan and Cheney) when there;s a Repub occupying the White House. Then when a Democratic president that wants to INVEST in things needed for the country like improving infrastructure, renewable energy and providing healthcare and support for those who need it, the Repibs listen to JackAs like Crow and the Kochs and they say we can’t afford it because they LOVE income inequality started by the"trickle down" methodology.
Republicans—and their fellow riders like Goodwyn—purposefully obscure the real meaning of the debt limit in order to conflate it with spending. They are two entirely different issues.
Raising the debt ceiling doesn’t increase spending, just as failing to increase it would not curb spending. Spending—appropriations—are entirely separate.
The debt ceiling is about spending that’s already occurred. Failing to raise it would be like failing to pay your bills. It raises the United States’ ability to cover what it has already spent.
You want to argue over spending? Fine. Do it. But don’t threaten to fail to pay our obligations. You’re being disloyal to the nation and its people.
facepalm Raising the debt ceiling has nothing to do with current spending negotiations; it’s all about paying the interest on what Congress has already spent. This has nothing to do with the 2023 budget. It’s paying for stuff that was approved under prior years. If Congress doesn’t like it now, they shouldn’t have approved that spending last year. It’s like buying a sofa on a deal that says “no payments for 12 months!” and then getting upset when the bill comes due a year later. The time to decide that was twelve months ago, not now.
The Democrats know they have to pay the bills for what was approved last year. This has always been a routine process. Only now have the Republicans decided that they don’t want to pay the bills for what they voted to approve, because they see the chance to make political points with it, even if it risks destroying the US economy. Over the past few years, they’ve shown a remarkable degree of callousness towards America, and an increasing willingness to damage the country if that’s what it takes to look tougher than their opposition. It’s very unsettling, and certainly not anything I would ever call conservative.
aristoclesplato9 about 1 year ago
Gotta love Biden’s solution to housing costs. Increase monthly fees for those that have a good credit score and give the money to those who can’t afford the mortgage.
Like this will end well. Remember the sub-prime mortgage mess? If you can’t afford a mortgage, the government can not help.
GOGOPOWERANGERS about 1 year ago
This is the worst joke that I’ve ever seen
Dirtfarmer about 1 year ago
The US congress spent money they didn’t have. Biden did not spend that money, congress did. The President can present a budget, but it’s up to the congress to spend the money. It’s also up to the congress to honor past commitments. Future commitments are under its control, but not past commitments.
The real problem is separation of the debt limit from the budgetary process. A deficit budget should really address the issue before it becomes a political club (on both sides).
davidthoms1 about 1 year ago
Goodwyn makes so little sense he’s become irrelevant.
The Nodding Head about 1 year ago
I always look at Goodwyn’s cartoons for insight to the warped ALternative Reality of our deluded conservative friends.
casonia2 about 1 year ago
Well, Democrats try to spend money on things that might help the American people. It is the American people’s tax money, after all. Republicans want to save it up and underhandedly give it to their donors. Vote Republican. Shoot yourself and your country in the foot.
Free Radical about 1 year ago
Why is it Democrats are always the fiscal conservatives while republicans are the liberal spenders, yet republicans try to say the opposite in the face of the facts? Democrats are no doubt the most liberal socially leading to true personal freedom, just the opposite of the christian nationalists.
librarylady59 about 1 year ago
If Republicans cause debit default, all Americans not just Democrats, will suffer from the damage. Every American except, probably, millionaires and billionaires. Parents and grandparents receiving social security after paying into the program will be left high and dry. This childish behavior will mainly hurt the “middle” & “lower” classes.
From NPR: Although it has never happened, the U.S. has come CLOSE TO A DEFAULT. In August 2011, for example, ratings agencies downgraded the U.S. from its top AAA credit rating to AA+ amid prolonged debate in Congress on whether to raise the debt ceiling. IT SENT THE MARKETS INTO A FREEFALL.
An ACTUAL DEFAULT WOULD BE MUCH WORSE, most economists agree. Not only would the U.S. likely be downgraded again, but government workers and Social Security recipients — among many others — would go unpaid. Financial markets could be severely hit. For businesses and average Americans, it could become difficult to borrow money. Without access to credit, a recession would be all but certain, many economists agree.
The global status of the U.S. dollar as a reserve currency and of U.S. Treasury bonds as a “safe haven” investment might also be challenged.
We have too much debt now, most economists agree, but paying it down too rapidly could severely rattle the domestic and global economies due to their reliance on investments in U.S. treasuries.
Economists generally think some debt is important. The banking sector needs treasuries to sell to individuals, organizations, fiduciaries and corporate investors. Without them, the U.S. economy would simply grind to a halt.
Nantucket Premium Member about 1 year ago
Trump / Repub tax bill of 2017 added TRILLIONS to the debt / deficit but the Repubs were happy to raise the debt ceiling at least three times. Companies bought back stock, private planes became tax deductible and Ron Johnson held out until he got a cut for his donors. “Deficits don’t matter” (Reagan and Cheney) when there;s a Repub occupying the White House. Then when a Democratic president that wants to INVEST in things needed for the country like improving infrastructure, renewable energy and providing healthcare and support for those who need it, the Repibs listen to JackAs like Crow and the Kochs and they say we can’t afford it because they LOVE income inequality started by the"trickle down" methodology.
Rich Douglas about 1 year ago
Republicans—and their fellow riders like Goodwyn—purposefully obscure the real meaning of the debt limit in order to conflate it with spending. They are two entirely different issues.
Raising the debt ceiling doesn’t increase spending, just as failing to increase it would not curb spending. Spending—appropriations—are entirely separate.
The debt ceiling is about spending that’s already occurred. Failing to raise it would be like failing to pay your bills. It raises the United States’ ability to cover what it has already spent.
You want to argue over spending? Fine. Do it. But don’t threaten to fail to pay our obligations. You’re being disloyal to the nation and its people.
calliarcale about 1 year ago
facepalm Raising the debt ceiling has nothing to do with current spending negotiations; it’s all about paying the interest on what Congress has already spent. This has nothing to do with the 2023 budget. It’s paying for stuff that was approved under prior years. If Congress doesn’t like it now, they shouldn’t have approved that spending last year. It’s like buying a sofa on a deal that says “no payments for 12 months!” and then getting upset when the bill comes due a year later. The time to decide that was twelve months ago, not now.
The Democrats know they have to pay the bills for what was approved last year. This has always been a routine process. Only now have the Republicans decided that they don’t want to pay the bills for what they voted to approve, because they see the chance to make political points with it, even if it risks destroying the US economy. Over the past few years, they’ve shown a remarkable degree of callousness towards America, and an increasing willingness to damage the country if that’s what it takes to look tougher than their opposition. It’s very unsettling, and certainly not anything I would ever call conservative.