I agree that we need to curtail some fed govt. spending. Fuxking with the debt limit is not the right tool.Bob Hockett, Cornell Law School professor, when asked by Axios wrote:Because the national debt entailed by previous Congressional budgets is itself effectively legislated, Republicans House Members who sued would effectively be asking the courts to require the US to default on its own Congressionally contracted debts - a violation of contact law, constitutional law, and international law. There is no way the Supreme Court would grant this. Even the 'socially' conservative justices are nearly all of them economically moderate, at least where contractual debt obligations are concerned. Only Thomas, and MAYBE Coney Barrett, might - might - be sufficiently alien- minded to vindicate that. Worst- case scenario, then, is that Biden, the Senate, and House Dems win 6-3, while best-case scenario is they win 8-1 or even
9-0.
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The Debt Limit..
- FakeAndyStuart
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The Debt Limit..
May not be supported by the Constitution. A renowned legal professor, when asked if the executive branch could just invoke some form of the 14th Amendment and borrow more money.. said this.
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Re: The Debt Limit..
Interesting perspective from Bob Hockett.
I just learned that 43 senators have signed on the McCathy's house bill, so that mean Biden should negotiate. There is simply not the votes without some bi-partisan activity. Had only 39 signed there was chance another bill could be passed in the Senate.
I just learned that 43 senators have signed on the McCathy's house bill, so that mean Biden should negotiate. There is simply not the votes without some bi-partisan activity. Had only 39 signed there was chance another bill could be passed in the Senate.
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!
Re: The Debt Limit..
There is a majority of Democrats in the senate. The president shouldn't let this punk do anything but pound sand.audiophile wrote: ↑Tue May 09, 2023 8:29 amInteresting perspective from Bob Hockett.
I just learned that 43 senators have signed on the McCathy's house bill, so that mean Biden should negotiate. There is simply not the votes without some bi-partisan activity. Had only 39 signed there was chance another bill could be passed in the Senate.
“Blessed are those who are righteous in his name.”
― Matt
Posting Content © 2024 TC Talks Holdings LP.
― Matt
Posting Content © 2024 TC Talks Holdings LP.
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Re: The Debt Limit..
And the house is majority Republicans and they have passed a bill to raise debt limit.
Senate hasn't passed anything yet? Sinema and Manchin are on the fence, and Feinstein out on medical.
Bipartisanship is required.
TCT's statement is not what we need.
Senate hasn't passed anything yet? Sinema and Manchin are on the fence, and Feinstein out on medical.
Bipartisanship is required.
TCT's statement is not what we need.
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!
Re: The Debt Limit..
This from a poster who absolutely has NO IDEA how the government works.TC Talks wrote: ↑Tue May 09, 2023 8:38 amThere is a majority of Democrats in the senate. The president shouldn't let this punk do anything but pound sand.audiophile wrote: ↑Tue May 09, 2023 8:29 amInteresting perspective from Bob Hockett.
I just learned that 43 senators have signed on the McCathy's house bill, so that mean Biden should negotiate. There is simply not the votes without some bi-partisan activity. Had only 39 signed there was chance another bill could be passed in the Senate.
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
Re: The Debt Limit..
Commenting just from a political perspective - IF the Republicans ultimately cave on this issue (which, if past behavior is any indication, that is a likely outcome) and Biden mostly gets his way, the Republican party is finished.
Re: The Debt Limit..
I also am not intimate with the inner workings of the government. So if this query sounds retarded, tell me so.
Pros and cons of a 2 percent cut of everything. Salaries, spending, everything. Everybody and everything.
I know it's overly simplistic. Tell me why.
Life is not a dress rehearsal. This is it. There's no going back, and we can only go forward before we run out of runway.
Re: The Debt Limit..
It would make a LOT of sense, as would real efforts to eliminate WASTE, which is prevalent.Round Six wrote: ↑Tue May 09, 2023 10:45 amI also am not intimate with the inner workings of the government. So if this query sounds retarded, tell me so.
Pros and cons of a 2 percent cut of everything. Salaries, spending, everything. Everybody and everything.
I know it's overly simplistic. Tell me why.
But, it's a political landmine. You take ONE DOLLAR away from something like Social Security or Medicare and now you're "killing grandma", even if that one dollar removed didn't reduce any actual benefits one iota.
There is a LOT of waste and fraud and a lot of useless benefactors milking the federal machine. How many lawyers are making bank with their programs for "helping Camp Lejeune victims" or -even now- getting "COVID" funds for small businesses"??
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Re: The Debt Limit..
The country has pretty much jumped the shark.
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!
- FakeAndyStuart
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Re: The Debt Limit..
If I were Biden, I might just bypass Congress and use Professor Hockett's solution.. which none of you (except for Audio) have addressed.
Re: The Debt Limit..
IMHO bypassing Congress would get him what he wants but may also cause fallout. What that fallout would be, above my paid grade, but it is possible. Everyone needs to grow up and work this out together. We do need to reign in spending and live within our means.
Re: The Debt Limit..
And the “debt limit” is not a way to do that. It puts a limit on spending congress has already passed. That would be akin to somebody looking at their credit limit, spending 80% of it and then the credit card company telling you that 75% of your limit is the limit and charging you for going over it. It makes no sense.zzand wrote: ↑Tue May 09, 2023 11:21 amIMHO bypassing Congress would get him what he wants but may also cause fallout. What that fallout would be, above my paid grade, but it is possible. Everyone needs to grow up and work this out together. We do need to reign in spending and live within our means.
Re: The Debt Limit..
if it deals with future spending then it does make sense.
Re: The Debt Limit..
Let's get real though. The Democrats are about as likely to get onboard with any spending cuts whatsoever as Republicans are to get onboard with any gun control whatsoever. What do you suggest Republicans do to get Dems onboard with spending cuts? The only spending cuts that seem to be on the table for the left are those to military spending (which, I'm not in principle opposed to, if done properly).Rate This wrote: ↑Tue May 09, 2023 11:27 amAnd the “debt limit” is not a way to do that. It puts a limit on spending congress has already passed. That would be akin to somebody looking at their credit limit, spending 80% of it and then the credit card company telling you that 75% of your limit is the limit and charging you for going over it. It makes no sense.zzand wrote: ↑Tue May 09, 2023 11:21 amIMHO bypassing Congress would get him what he wants but may also cause fallout. What that fallout would be, above my paid grade, but it is possible. Everyone needs to grow up and work this out together. We do need to reign in spending and live within our means.
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Re: The Debt Limit..
Not all money budgeted has been spent or has been contracted, so this is apples to oranges. Your credit bill is money already spent.Rate This wrote: ↑Tue May 09, 2023 11:27 amAnd the “debt limit” is not a way to do that. It puts a limit on spending congress has already passed. That would be akin to somebody looking at their credit limit, spending 80% of it and then the credit card company telling you that 75% of your limit is the limit and charging you for going over it. It makes no sense.zzand wrote: ↑Tue May 09, 2023 11:21 amIMHO bypassing Congress would get him what he wants but may also cause fallout. What that fallout would be, above my paid grade, but it is possible. Everyone needs to grow up and work this out together. We do need to reign in spending and live within our means.
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!