The Debt Ceiling

Republican Fat Cat spends tax cuts: “Gonna buy me some Mousies and ‘Nip!”

Just as every other time that the Republicans have tried to hold the economy hostage, we find ourselves starring in fascination at their high dudgeon and low IQs. Some of the dimmer stars in their firmament probably do think that they are cutting spending (after all they believe that cutting taxes on the wealthy somehow increases revenues), but this is mostly public posturing and performance art, right?

The Pod Save Whatevs newsletter sums up the latest hostage-taking and it is pretty good:

  • Anyone who can read knows that McCarthy and his caucus are playing politics and using the debt limit as a tool of extortion, but he is of course now pretending that negotiations with Biden are just a matter of two guys with different opinions. McCarthy gave one of his best acting performances yet in an interview yesterdaywith Punchbowl, where he said of his coming meeting with Biden, “The only thing I’m really going to gauge is do you want to negotiate or do you want to play politics…I’m not going to play these games.” Folks, we’re laughing over here.

  • Unfortunately for McCarthy, members of his caucus keep going on TV and telling the truth. Rep. Greg Pence (R-IN) was asked if he would vote to raise the debt limit even if it included all of his priorities and he responded, “No.” Rep. Jodey Arrington (R-TX), the chairman of the House Budget Committee, was asked if he thinks the debt limit “is going to be used as a bargaining chip in a way that could turn dangerous,” and he replied “I believe it will and I believe it has to.” Well okay then!

Republicans economic policy of VooDoo Economics has kicked federal deficits into high gear, so these are people have no sincere interest in balancing the budget. If they did, they could sunset all the tax cuts going back to Reagan, and POOF! no deficits. But that ain’t going to happen.

Basically, the Rudderless Republicans don’t have a plan, they don’t have a strategy, they don’t have the votes, and it is going to come down to the Democrats saving them (and the country) from Republicans. Again.

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5 Responses to The Debt Ceiling

  1. annieasksyou says:

    Well said, TG! Right; let’s go back to Reagan. Or at the very least, trim the 20% of the deficit that the Insurrectionist-in-Chief added over the previous four years—with these characters’ eager assent. We’re in Milli Bazilli Land with the whole bunch of them!

    Liked by 2 people

  2. annieasksyou says:

    PS: Love the photo/caption!

    Liked by 2 people

  3. MDavis says:

    and it is going to come down to the Democrats saving them (and the country) from Republicans. Again.

    So the plan, again, is to ratchet everything toward fascism and let the Democrats clean up the resulting mess until next time the Rs are in charge and then ratchet up another notch.
    Is that about right?

    Liked by 1 person

  4. Jimmy T says:

    The shock waves felt around the world would be disastrous if the GQP doesn’t raise the limit, but they stubbornly refuse to do the right thing. It shouldn’t have to be this way. They raised the limit a number of times when TFG held office, but now that a Democrat sits in the Oval Office they can’t be bothered. So we drift towards the waters of oblivion…


    • pagan in repose says:

      I was thinking it was more in the “flash flood” towards the waters of oblivion. Also particle acceleration. But I have to add that time, at my age, seems sort of distorted these days.


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