Let's look at this.
Paying your fucking bills is the ADULT thing to do
That’s an entirely different discussion.
A link showing that the credit derating was caused by spending?
Yes, I did.
www.factcheck.org
You just showed that fucking with the debt ceiling brought on a credit deratingRyan refers to the decision of Standard & Poor’s, the credit rating agency, to downgrade its score for U.S. Treasury obligations from AAA to AA+ on Aug. 5, 2011. That took place just four days after Congress voted to raise the federal debt ceiling, following lengthy negotiations in which House Republicans sought to force concessions from Obama and Senate Democrats as the price for raising the ceiling and averting the first default on Treasury debt payments in U.S. history.
In its report, Standard & Poor’s blamed both Republicans and Democrats for failing to come to agreement on spending cuts or revenue increases sufficient to reduce U.S. deficits significantly. It said:
Ryan's VP Spin - FactCheck.org
TAMPA, Fla. — Paul Ryan’s acceptance speech at the Republican convention contained several false claims and misleading statements. Delegates cheered as the vice presidential nominee: Accused President Obama’s health care law of funneling money away from Medicare “at the expense of the elderly.”...
We should have repeal the debt limit law decades ago because the intent of the law is not what it is today. In 1917 the Wilson Admistraion was moving the country toward war. There were groups in the US that opposed going to war and they put pressure on congress to stop it. Congress reacted by passing a bill that prevented the administration from selling war bonds and that bill was what is refer to as the debt limit law. It failed to keep country out of war and has failed for over a hundred years to control spending.Preparing to ‘play chicken’ with default: Understanding Republicans’ ‘debt limit terror’
The United States is the only major industrial nation with a debt ceiling. America’s debt ceiling, moreover, applies only to budgetary appropriations that have already been made; it has no impact on future spending or borrowing. Indeed, as one legal scholar has argued, since legislation passed by Congress and signed by the president implicitly authorizes the U.S. Treasury to spend the money necessary to implement it, a separate requirement to increase the accrued debt creates the possibility of default, and may therefore be unconstitutional.
In any event, although debates about the national debt have become increasingly partisan, Congress and the president have agreed to increase the debt ceiling over 100 times since World War II. The debt limit has also been “suspended” — a distinction, made for political reasons, without a substantive difference — seven times. The debt ceiling was raised three times while Donald Trump was President. In 2019, when Congress suspended the debt ceiling until July 2021, Trump exulted that the agreement was “phenomenal.” The ceiling has been raised twice with Joe Biden in the White House.
Preparing to ‘play chicken’ with default: Understanding Republicans’ ‘debt limit terror’
Moody’s has estimated default could result in a 4 percent drop in GDP, 9 percent unemployment and a $15 trillion loss in household wealth.thehill.com
We can't worry about the debt, Biden has one more time to raise the debt. If if's good for tramp why not make it good for Biden.
They act like children. It's so embarrassing. Ugh!
That has zilch to do with a $2 trillion dollar tax giveaway to folks who didn't need it.
Because you are incapable.
cpusa.org
