Debt deal reached

[Glennfs]

Thanks to the leadership of the republican party we now have a tentative debt deal. One that reigns in some of the reckless spending of the democratic party.
Than you speaker McCarthy for showing our country what true leadership is.

https://www.nbcnews.com/politics/congre ... -rcna86529

[Toonces]

— Debt ceiling raised 2 years
— Domestic programs frozen next year, up 1% ‘25. Inflation-adjusted cut
— Boosts defense, VA $
— Some tightening of work requirements on TANF, SNAP
— Energy permitting (details tbd)
— Claw back some new IRS $

It would seem the actual winners of this are defense contractors. Cut some spending, and increase military spending. It's not actually cutting anything. So much for the concept of cutting the credit card debt.

I can assume then that you're fully behind the contractors, glen, because no one seems to have won anything except for them. Some of the money spent on the poor will now go to the shareholders of Lockheed Martin. No reduction in the budget, just a transfer.

Personally, I'd rather the money go to those who will move it back into the economy while feeding children than people who will just add extra to their bank account. That's me, though, looking out for the little guy. Tis folly.


Further:

Source familiar with debt limit negotiatons says the deal claws back about $1.9 billion of the $80 billion granted to IRS by Inflation Reduction Act

Perhaps McCarthy is banking on members not reading it, and just seeing the highlights.

[gounion]

Thanks to the leadership of the republican party we now have a tentative debt deal. One that reigns in some of the reckless spending of the democratic party.
Than you speaker McCarthy for showing our country what true leadership is.

https://www.nbcnews.com/politics/congre ... -rcna86529

You are such a partisan.

Glenn, do you care to predict how many Republicans in the House will vote for the deal?

[gounion]

So Glenn, tell us now. If the MAGA Republicans sink the deal, you will blame them, not the President or the Democrats, right?

Yes or no?

[Motor City]

Maybe another East Palestine moment for biden here. After ending the covid emergency and vulnerable people losing their health care He's making another stand this time to make vulnerable people prove themselves worthy of food aid to appease business people who wont pay living wages and feel cheated by the lack of workers available to that offering. The lack of access to food and health care will likely condemn the vulnerable to a very different outcome than is being predicted here.

[gounion]

Maybe another East Palestine moment for biden here. After ending the covid emergency and vulnerable people losing their health care He's making another stand this time to make vulnerable people prove themselves worthy of food aid to appease business people who wont pay living wages and feel cheated by the lack of workers available to that offering. The lack of access to food and health care will likely condemn the vulnerable to a very different outcome than is being predicted here.

Making the best of a bad situation. The vulnerable would be worse off with a debt default.

[Motor City]

Making the best of a bad situation. The vulnerable would be worse off with a debt default.

Best for who? Withholding food and healthcare from vulnerable people wont make them healthy or more employable. This article refers to the "hierarchy of credibility"

The Case Against Student Debt Relief Barely Even Pretends to Make Sense

The ease with which the state attorneys general were able to make claims that contradict basic facts, void of any rigorous stress testing, is all the more striking when compared with the endless hoops that ordinary people have to jump through to prove their eligibility for financial aid or debt relief. This is what the sociologist Howard Becker calls the “hierarchy of credibility”: Those at the top of the social hierarchy don’t have to prove their claims; they’re just taken for granted. But claims made by those on the bottom are burdened by skepticism and demands for proof. In this instance, that difference may deprive millions of people of much-needed relief.

Of course in this instance they are talking about student loan relief

We found that the states’ most fundamental justification for bringing the case — that canceling student loans could leave a Missouri-based loan authority unable to meet its financial obligations to the state — is false. As our research shows, and the loan authority’s own documents confirm, even with the new policy in place, its revenues from servicing loans will increase.

According to the rules of American jurisprudence, if there is no injury, there is no right to sue. It’s called standing, and the plaintiffs don’t have it. They simply said they did. That assertion has been enough to get them to the nation’s highest court, and may help persuade the justices to rule in their favor.

But depriving people of medical care and food is something nations who are warring with each other do, its something that is normally reserved for people they percieve as their enemy and is done to weaken and destroy them.

[gounion]

Best for who? Withholding food and healthcare from vulnerable people wont make them healthy or more employable. This article refers to the "hierarchy of credibility"

The Case Against Student Debt Relief Barely Even Pretends to Make Sense




Of course in this instance they are talking about student loan relief




But depriving people of medical care and food is something nations who are warring with each other do, its something that is normally reserved for people they percieve as their enemy and is done to weaken and destroy them.

Okay. You’re Joe Biden. What would you do?

[ProfX]

— Boosts defense, VA $

[snip]

It would seem the actual winners of this are defense contractors. Cut some spending, and increase military spending. It's not actually cutting anything. So much for the concept of cutting the credit card debt.

Dunno why the largest sector of the discretionary budget - you know, the stuff they actually vote on each year - the military budget - keeps increasing, only on planet bizarro do you tackle debt that way.

VA spending I have no problem with. If we're going to keep throwing our military personnel into meat grinders overseas, as this Memorial Day approaches (that's the folks who didn't come out of the VA alive), it's the least we can do. But the rest? How many aircraft carriers, overseas military bases, and fighters that can't actually fly, do we need? Plus we've got way more nuclear weapons than we need to end human life on Earth ... guess we need more.

It was always gonna end this way. A crappy deal, or collapsing the global economy. It was just a matter of when.

[Glennfs]

So Glenn, tell us now. If the MAGA Republicans sink the deal, you will blame them, not the President or the Democrats, right?

Yes or no?

You are so disappointed that the government didn't default and that Republicans made a deal and that all of your bizzaro predictions didn't come to pass.

I guess you believed that defaulting would have brought your glorious cause one step closer to reality.

Now there are going to be some Republicans against this or any deal. I am sure they will be very vocal. However at the end of the day this bi partisan agreement brought together thanks to republican leadership will pass.

One last thing since this agreement helps slow increased spending as soon as our deficit starts to come down I am sure you will be bleating Biden Biden Biden. Just like you did when thanks to Republicans forcing basically the same thing under Obama you were bleating Obama Obama Obama

[Glennfs]

Maybe another East Palestine moment for biden here. After ending the covid emergency and vulnerable people losing their health care He's making another stand this time to make vulnerable people prove themselves worthy of food aid to appease business people who wont pay living wages and feel cheated by the lack of workers available to that offering. The lack of access to food and health care will likely condemn the vulnerable to a very different outcome than is being predicted here.

Personally I score this 75-25 in favor of the democratic party

[Number6]

While we've heard some of what was in the debt ceiling deal we don't know what the actual dollars they agreed to. I'll wait until there is more information available before saying which side won.

[Glennfs]

While we've heard some of what was in the debt ceiling deal we don't know what the actual dollars they agreed to. I'll wait until there is more information available before saying which side won.

I gave it to team Biden because they still got 78 million for the irs

[bengal59]

Assuming this deal passes the house, will it be Cruz, Paul, or Tuberville that will crash the country with their self-righteous filibuster?

[gounion]

Looks like it’ll take a lot of Dems to vote for it, as the GOP won’t pass it. But Glenn’ll say it’s only the GOP that did it.

[Glennfs]

Looks like it’ll take a lot of Dems to vote for it, as the GOP won’t pass it. But Glenn’ll say it’s only the GOP that did it.

No it is a bi partisan deal reached thanks to republican leadership. Remember it was the democrats who said they would not compromise.

[Glennfs]

No it is a bi partisan deal reached thanks to republican leadership. Remember it was the democrats who said they would not compromise.
But you be sure and give Biden the credit 18 months from now when the deficit shrinks thanks to the limits put in place by Republicans

[gounion]

No, thanks to our President.

[Motor City]

Okay. You’re Joe Biden. What would you do?

I guess I would change my council and advisors, apologize to the vulnerable and frightened Americans, the food insecure, the shelter insecure, the health insecure, the justice and democracy insecure for advocating against their interests and well being.

I would take the food, health care, and shelter insecure off Americas list of sanctioned enemies. I would no longer seek out austerity for the vulnerable or look to or put my faith in security in making one group of people all powerful over the rest.

If I were biden I would work for the ends of peace and balance and rather than be caught up in soap opera narratives and spoils of war and conquest, taking comfort in cutting off the links and chains of violence and suffering rather than drawing them out and exploiting them.

https://twitter.com/marwilliamson/statu ... 5067313152

The great contradiction of this debt ceiling deal is that, while poverty is the 4th leading cause of death, this deal will make it harder to get food stamps but easier to spend money on war.

[gounion]

I guess I would change my council and advisors, apologize to the vulnerable and frightened Americans, the food insecure, the shelter insecure, the health insecure, the justice and democracy insecure for advocating against their interests and well being.

I would take the food, health care, and shelter insecure off Americas list of sanctioned enemies. I would no longer seek out austerity for the vulnerable or look to or put my faith in security in making one group of people all powerful over the rest.

If I were biden I would work for the ends of peace and balance and rather than be caught up in soap opera narratives and spoils of war and conquest, taking comfort in cutting off the links and chains of violence and suffering rather than drawing them out and exploiting them.

https://twitter.com/marwilliamson/statu ... 5067313152

Lots of word salad, still doesn't explain how to keep from defaulting on our debt.

[Motor City]

Lots of word salad, still doesn't explain how to keep from defaulting on our debt.

not really its all there.

change of priorities cut military spending, increase spending on the most vulnerable, and instead of seeking out expensive war and death, destruction and endless violence outcomes seek peace and wellbeing.

[gounion]

not really its all there.

change of priorities cut military spending, increase spending on the most vulnerable, and instead of seeking out expensive war and death, destruction and endless violence outcomes seek peace and wellbeing.

You have to convince the GOP to do that, and you don't explain how. Are you for cutting veteran spending?

[Motor City]

You have to convince the GOP to do that, and you don't explain how. Are you for cutting veteran spending?

No I think you have to convince biden of that because unless he really believes in something it will only translate in half measures or less, If biden continues to have only superficial empathy for the people made poor and destitute by policy choices and corruption then he will only have weak and anemic policy proposals and solutions and the gop will see opportunity in that weakness.

On our veterans somewhere along the policy decision lines there are a great many who are suffering and destitute and left out, only having superficial empathy for veterans has created this also only having superficial empathy for workers, renters, and a lot of other things have helped create disfunction that disempowers their ability to have work and shelter and make their own happiness.

[Glennfs]

No I think you have to convince biden of that because unless he really believes in something it will only translate in half measures or less, If biden continues to have only superficial empathy for the people made poor and destitute by policy choices and corruption then he will only have weak and anemic policy proposals and solutions and the gop will see opportunity in that weakness.

On our veterans somewhere along the policy decision lines there are a great many who are suffering and destitute and left out, only having superficial empathy for veterans has created this also only having superficial empathy for workers, renters, and a lot of other things have helped create disfunction that disempowers their ability to have work and shelter and make their own happiness.

Motor you are a good person and true progressive. While I disagree with your political positions I have great respect for you and the manner in which you present your opinions and ideas.

[gounion]

No I think you have to convince biden of that because unless he really believes in something it will only translate in half measures or less, If biden continues to have only superficial empathy for the people made poor and destitute by policy choices and corruption then he will only have weak and anemic policy proposals and solutions and the gop will see opportunity in that weakness.

On our veterans somewhere along the policy decision lines there are a great many who are suffering and destitute and left out, only having superficial empathy for veterans has created this also only having superficial empathy for workers, renters, and a lot of other things have helped create disfunction that disempowers their ability to have work and shelter and make their own happiness.

My wife’s father is Vietnam vet, 90% disabled, her BiL is Gulf War AND Afghanistan War vet 90% disabled (IED).

We keep fighting the GOP to fund them.