Negotiations on lifting the federal debt ceiling are by all accounts moving along, though with enough up in the air to keep the drama going.
It now looks like Republicans may get some of the fiscal restraint they demand in exchange for allowing Uncle Sam to go deeper in debt (sorry, future generations!).
The nascent deal would OK new borrowing for two years, kicking the next showdown over the limit to the next Congress and (we hope) president.
The GOP (and the voters) gets some kind of freeze on federal discretionary spending, leaving Social Security, Medicare and other entitlements untouched.
Still under discussion is the baseline for the freeze (somewhere between this year’s outlays and last year’s), as well as how much defense and veterans’ outlays get frozen
“It is a tale told by an idiot, full of sound and fury, signifying nothing.
More scare tactics to scare people of a governmental financial default and have them think S.S. checks, welfare, unemployment, etc will be held up. Don’t worry, it’s just a show for negotiating purposes only. Just like going to court, the outcome has already been settled between your attorney and the prosecuting attorney before ever stepping into the court ,room.
Write OFF the China Debt > PAID IN FULL !!!! SOLVED They killed Millions of AMERICANS !!!!!
Amen. Bankrupt China instead of us. We need our real President back to get it done.
STOP playing with American’s LIVES !!!!!
Hidden dangers of the rainbow exposed the political theater decades ago…. wake up!!!