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Qevin's House Passes "Dirty" Debt Ceiling Bill [1]

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Date: 2023-04-26  

This is my favorite pic of the asshole. Gives me warm fuzzies every time I see it

It’s been 30 mins since my “WAPO breaking news” email and I still don’t see anything here about this.

So I will do the honors...

House Republicans on Wednesday approved a bill that would raise the debt ceiling, slash federal spending and repeal President Biden’s programs to combat climate change and reduce student debt, defying Democratic objections in a move that inched the U.S. one step closer to a fiscal crisis. Ignoring repeated warnings that their brinkmanship could unleash vast economic turmoil, Speaker Kevin McCarthy (R-Calif.) muscled his narrow, quarrelsome majority toward a successful, 217-215 vote, accelerating a high-stakes clash with the White House with as few as six weeks remaining before the government could default. For House Republicans, the outcome marked a realization of a risky wager they placed after assuming a majority this January: They bet they could use the debt ceiling, the legal limit on how much money the country can borrow to pay its bills, as political leverage. Since Congress must pass a new law to raise or suspend the cap, the GOP seized on the possibility of a looming fiscal doomsday to try to extract policy concessions from Biden. “The sad part here is, now the Democrats need to do their job,” McCarthy said immediately after the vote. “The president can no longer ignore [it] by not negotiating.”

Ya, fuckwad. That’s the sad part.

It still took a series of late-night compromises with restive moderates and conservatives before McCarthy could pass the legislation, earning the cheers of his conference once the gavel sounded on the vote. But with no bipartisan resolution in sight — and no plans for McCarthy and Biden to meet — the final tally only raised the odds that a divided, gridlocked Washington could stumble into an unprecedented fiscal catastrophe.

HERE is a gift article so you can get past the paywall and read it all for yourself.

This is not an area that I have any expertise, so I don’t want to try my hand at breaking it all down.

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[1] Url: https://www.dailykos.com/stories/2023/4/26/2166114/-Qevin-s-House-Passes-Debt-Ceiling-Bill-After-All

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