The MAGA republicans have today suspended debt ceiling negotiations [they say] until the senate and Biden pass all their spending cuts, listed in this video. They walked out.
This makes getting a debt ceiling bill passed by the deadline of June 1 a near impossibility, guaranteeing a global depression because their blackmail scheme didn’t get them their way from the minority position.
Prepare people, the stock market and economy are about to freefall and the damage done by this single self serving anti American move will be hurting America for a generation or longer.

MAGA Republicans just flushed a few trillion dollars down the drain because they’re butt hurt over being on the losing side of their culture wars and want to default on the bills they racked up under Trump….proving it’s not about the money, it’s that they just don’t want to see needy people helped and will do anything to stop it.

UPDATE: They appear to have resumed negotiations
oblio70says...

Blame:
Republicans- they will NOT defraud as they say they will ($-interests).
Democrats- playing same Republican game; won’t call them out.
Media- supporting lie of threat of defraud.
Biden- words worthless; Republican in deeds .
The people- blind acceptance

We have been here every 4 years since the 90’s, and its always the same story. So old!

newtboysays...

Incorrect, sir.

First, I think it’s a typo, because Republicans ARE the party of defrauding and that’s incontrovertible and undeniable by anyone but bob.

There’s enough Republicans in office that put their politics above country that default is a real possibility. Fortunately they now PLAN to resume talks (but only if no Republican gets upset and balks).
Democrats aren’t playing any game. They should be absolutely refusing to even discuss negotiating over paying our bills and refusing to bankrupt America, but instead are accepting the blackmail scheme and are negotiating away rights and programs to the terrorists holding a gun to the economy’s head.
This only guarantees they will do the exact same thing every year. Any compromise at all is capitulation to economic terrorism, which invites more.

We have NEVER been anywhere near this position. We have “negotiations” over the debt ceiling, but have never gone more than a few days until the responsible limit for delay. We are now at the point where, if we don’t get a plan both sides agree on, get it out of committee, get a full house vote scheduled and taken, move it to the senate for debate, get it approved (hopefully with no changes at all or it returns to the house), get a senate vote scheduled and taken and passed, send it to Biden for a signature, then implement it….all by next Wednesday or we default. (Edit: now consider part of the Republican demands are their as yet unwritten NEW spending cut bill be passed BEFORE that entire process even starts).
We have never been within four months of this point, and there’s been some amazing money juggling and many projects “postponed” (cancelled) that had won hard fought congressional approval and funding just to stretch our ability to pay debts this far.

We hit our borrowing/debt limit in January, what’s normally considered the “due date”. In the past, negotiations have never come closer than in 2011 when it got to only two days until the debt limit was reached, and it cost well over a billion dollars in higher interest rates alone. We are now over 4 months past that point today, with absolutely no plan on how to move forwards.

This is not normal, has not happened every 4 years, and in fact has never once happened in our history. I expect our national “credit rating” to slip even if we pull off a Hail Mary, which is looking less likely daily. We’ve already lost hundreds of millions in lost international investments because who wants to invest in a country trying to bankrupt itself?

oblio70said:

Blame:
Republicans- they will NOT defraud as they say they will ($-interests).
Democrats- playing same Republican game; won’t call them out.
Media- supporting lie of threat of defraud.
Biden- words worthless; Republican in deeds .
The people- blind acceptance

We have been here every 4 years since the 90’s, and its always the same story. So old!

newtboysays...

Gaetz just said on an interview with Semafor when talking about his fellow conservative’s position on the debt ceiling “negotiations”…

”They don’t feel like we should negotiate with our hostage.”

https://youtube.com/shorts/Hg7tYc_Qrhs?feature=share

More proof the debt ceiling crisis is 100% manufactured terroristic “holding the country hostage” to subvert democracy and rule from the minority or destroy the economy, and that the right has no intention of negotiating or compromising their insane position that the right may add 1/3 of all US debt in one term unfettered by any restraints but the left must be so miserly they abandon their own barely funded safety net programs … but not Republican waste and grift like unwanted military programs and other corporate welfare…and absolutely not increase revenue but cut it more or else.

America doesn’t negotiate with hostage taking terrorists. Even “negotiating” invites more of the same. Easy solution to this is…
1)Walk from the fake “negotiations”. 2)unilaterally abolish the debt ceiling by presidential order. 3) Crush Republicans in 24. 4) Legislate a solution and stop the stupidity.

How did 4 years of MAGA bring the US to this!?!

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