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M. de Hendon (926577)'s avatar

The Tribune lies constantly about the debt ceiling "talks." The truth is that the MAGA gang are deliberately using their threat not to pay the nation's bills (by not raising the debt limit) to obliterate the policies passed by the previous Congress. They are two separate issues. Pay the bills. Pass legislation to get your spending priorities. President Biden is right--the first is not negotiable; and the second is not to be accomplished by extortion and threats to wreck the US economy but by passing laws.

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DAVID O.'s avatar

Oh boy, you hit my hot spot... the national debt. Unfortunately, you used more than half of the article trying to place blame. Believe me, there is plenty to go around. Agree that there should not be a BBA or a supermajority. Love the CBBP example that "families often borrow". They forget to mention what happens to them if they don't pay it back! The EPI "revenue decline' argument is interesting, but in the last 60 years, revenue has declined only 6 times and only once (2009) by more than 3%. We spent $600 billion in interest last year and that's going up $300B+ with every 1% increase in Treasury rates. I wrote a Trib (badly edited) op-ed last year in response to a Professor Bruno piece placing much of the blame for our debt/deficit problems on billionaires. There are 700ish billionaires in the US with a TOTAL net worth of 5 trillion. We added more debt in the past 2 years. Take all their money and we reduce the national debt by 16%. It ain't their fault. Government spending graph is a hockey stick, and every American man, woman and child has over $100,000 in debt and growing.

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