Debt Ceiling

[mark46]

The US is the country that has a debt limit to decide whether the government should default. or others, there is a budget process, and an authroization process. The debt of the US should be paid pursuant to the constitutional provision. After this fight, the law should be challenged.
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The US will NOT default. It never has done so, not even under Trump.

As with authorization fights, the government will first close down government offices and not make Social Security payments, and other payments. After a week two, this silliness would be over.

THAT BEING SAID,
the Republicans will likely to be willing to risk closing the government as a tactic when the budget and budget appropriations are up for a vote.

 

[Pommer]

The US is the country that has a debt limit to decide whether the government should default. or others, there is a budget process, and an authroization process. The debt of the US should be paid pursuant to the constitutional provision. After this fight, the law should be challenged.
=========================
The US will NIOT default. It never has done so, not even under Trump.

As with authorization fights, the government will first close down government offices and not make Social Security payments, and other payments. After a week two, this silliness would be over.

THAT BEING SAID,
the Republicans will likely to be willing to risk closing the government as a tactic when the budget and budget appropriations are up for a vote.

Congress could vote to get rid of the debt-ceiling altogether, but then we wouldn’t be able to have these delightful interludes into fiscal-insanity.

 

[DaisyDay]

The US is the country that has a debt limit to decide whether the government should default. or others, there is a budget process, and an authroization process. The debt of the US should be paid pursuant to the constitutional provision. After this fight, the law should be challenged.
=========================
The US will NIOT default. It never has done so, not even under Trump.

As with authorization fights, the government will first close down government offices and not make Social Security payments, and other payments. After a week two, this silliness would be over.

THAT BEING SAID,
the Republicans will likely to be willing to risk closing the government as a tactic when the budget and budget appropriations are up for a vote.

During Obama's tenure, when the Tea Partiers threatened to let the US default, our credit rating took a hit which resulted in higher interest rates and more debt.

 

[mark46]

https://www.cnn.com/2023/05/12/politics/14th-amendment-debt-ceiling/index.html

Per the 14th Amendment, the government MUST paid its debts. However, as Yellen said, this is not the needed short-term solution to the current chaos.

Average wait time after a hearing date is set is OVER FOUR YEARS

The US asylum backlog is nearing 1.6 million, the highest number on record | CNN

Nearly 1.6 million asylum applications are pending in US immigration courts and at US Citizenship and Immigration Services -- the largest number of pending asylum cases on record, according to analysis of federal data by the Transactional Records Access Clearinghouse at Syracuse University.

www.cnn.com

I think that the government will be able to deal with the crisis of processing folks at the border. The "real" issue for the US is that folks will be in the US for more than four years waiting for a hearing where the approval rate has been increasing from 10% to 40% over the past 30 years. AT VERY LEAST, the Congress should approve enough addition immigration lawyers and judges to bring this backlog down to the time that the government is willing to house the migrants in detention centers (or track them though digital devices). And yes, Congress can set the rules so that fewer are approved.

Just BTW, migrants have the international right to seek asylum at the FIRST country they arrive at. No one has the international RIGHT to travel through Mexico to seek asylum in the US.

 

[essentialsaltes]

Republicans are not worried about potential government default, Rep. Ken Buck says​

House conservatives warn McCarthy to stick to House bill and not to cave to White House in debt talks​

Republicans: Don't worry about this game of chicken.
Also Republicans: We're gonna play this game of chicken until we crash.

 

[Pommer]

“Will Lucy pull back that football?”

 

[A2SG]

Funny how there's no problem raising the debt ceiling when a republican is in the white house, but as soon as a democrat gets in, cue the hue and cry.

-- A2SG, almost like it's intentional.....

 

[mark46]

The debt ceiling has been passed by Democrats and by Republicans. There are often threats and last minute deals.