Breaking News: Trump Says Lawmakers Reach Bipartisan Debt Limit Suspension Deal

[left-of-center2012]

Source: Bloomberg

President Donald Trump announced a bipartisan deal to suspend the U.S. government’s borrowing limit and boost government spending levels for two years, Bloomberg News reports.

The House must approve this agreement this week before members leave July 26 for a six-week recess. The Senate can put it to a vote next week. The measure will need Trump’s signature to become law,
and he didn’t explicitly say he’ll sign it.

July 22, 2019, 3:50 PM MDT

Read more: https://www.bloomberg.com/news/articles/2019-07-22/trump-says-lawmakers-reach-bipartisan-debt-limit-suspension-deal-jyexbqrb

[BeyondGeography]

1. Lol...CONservative economics ftw

What was that Tea Party uprising all about again?

[jmowreader]

16. The fact the president wasn't a Republican

These idiots don’t care about deficits until there’s a Democrat in the White House.

My fave: when Clinton pushed us into budgetary surplus, the GOP was all “it’s not really a surplus, because of (insert seven or eight things they didn’t like).”

[BeyondGeography]

18. Makes me crazy

A Dem President should never again accept Republican-imposed spending limits. And their hypocrisy should be part of our messaging at every opportunity.

[FBaggins]

2. Suspend?

Interesting. No specific cap.

Admitting it was nonsense all along?

[yaesu]

6. the cap was a republican thing added decades ago, they wanted to act like they are conservative but

we all know they love to spend that money on all the wrong things. The bill always seems to come due when we have a Dem president.

[The Liberal Lion]

3. You have got to be kidding me.

Debt, debt, debt and spending is all we ever heard from those fucking mouth breathing Nazis (FKA republicans). The haranguing President Obama received lifting America from the GOP created economic implosion with the use of debt and now we get this! King motherfucking trump I suppose. What in the fuck is happening folks. Why the fuck haven't we, the last sensible people left in the country, shut this fucking country down? It's become little more than a very cruel joke.

[groundloop]

7. Easy explanation. This time THEY are benefiting through massive tax cuts for the wealthy.

[yaesu]

8. I personally don't think we should be working with the fascists on anything and should block them

at every turn as its just not good enough. Pull the same crap they pulled on Obama.

[bucolic_frolic]

4. White Flag of Surrender

Fiat money is all we have now. The Fed prints at will, more so when the politicians jawbone them. QE 1-2-3? Not. A. Problem.

Corporate bailouts? Chrysler, GM as precedents. Bank insolvency? TBFTIJ Too Big to Fail, Too important to jail.

Hedge fund lending? Dark Money Pools. Tax problems? Cayman Islands, Bitcoin wannabes.

Inflation is now imminent. The Fed has lost control over the money supply. Bank notes are as yesteryear as postage stamps.

[Wuddles440]

14. Plus...

we have Powell kowtowing to the Orange Anus and lowering interest rates. Normally such measures are utilized as a stimulus during a period of economic uncertainty and bleak future forecasts. However, the Orange Anus and his toadies constantly crow about how great the economy is doing under his leadership - the best ever in the history of this country! If so, then why do we need tax and interest rate cuts? And where the hell are all those teabaggers protesting the mind-blowing increase in the debt and deficit? Oh, that's right, it only mattered when a black man was the President (last legitimate).

[keithbvadu2]

5. Where is the Tea party to complain about the ever-increasing debt? IOKIYAR.

Where is the Tea party to complain about the ever-increasing debt? IOKIYAR.

[jmowreader]

20. They were causing most of it

You simply do not understand Republican economic thought if you ask a question like that.

The whole goal of the GOP is to eliminate every federal social program - including Medicare and Social Security. If they crash the economy, they think they can wipe out all the spending they don’t like during the reconstruction.

[DrToast]

9. There shouldn't be a deal unless they get rid of the debt limit

[Wellstone ruled]

10. Impeachment will follow after

the Speaker has her Budget Deal in Place for next year. This is just part one of two major things that have to happen before the Impeachment starts. This way Trump can not shut down the Government at his whim.

Pelosi is driving the Government Bus do simply to the lack of input from the Rethugs. They are frozen in place do to Dipstick Donnie. So much at stake in the next ten weeks.

[DeminPennswoods]

11. Two years is an eternity in budgeting

If this is resolved, it gives Dems plenty of time for impeachment hearings since they won't have to worry about the debt ceiling or budget numbers.

[in2herbs]

12. Let's be clear, it's an appeasement to the Rs. The spending limit has to be increased because of

tax breaks the Rs gave to the 1% is blowing the debt wide open. What will the Dems get in exchange? impeachment??? lol.

[left-of-center2012]

13. This will prevent another government shut down ...

And assure Section 8 and housing benefits, food stamps for low income
and paychecks for government employees, etc.

[jmowreader]

17. Very good.

Suspending the debt limit takes away a huge Trump demagoguery tool. He can’t shut down the government then blame it on the Democrats if the mechanism he uses to shut down the government is suspended.

[beachbum bob]

15. democrats giving away all their power to Trump....where is a deal on DACA? The house controls

the money and they are simply giving away that clout.

[maddogesq]

19. A different take that is worth a read:

“But this latest concession tells the same story that Obamacare’s resilience does: of a 21st century GOP publicly-wedded to ideological commitments it lacks the political support to fulfill. Democratic leaders keep prevailing in budget negotiations by defending things that Americans want.”

https://www.cnbc.com/2019/07/23/why-gop-keeps-losing-budget-deal-fights.html

Hey GOP: LOOOOOSERS! 😀

[WhoWoodaKnew]

21. Sean Hannity is going to explode.