Opinion

Playing Chicken In DC! ‘Do You Guys Think I’m Bluffing?’: McConnell Doubles Down Against Debt Ceiling Raise

on

Will Mitch come to the rescue?

Once again The Treasury Department has predicted that the U.S. will run out of money, this time in October.

Since the government has not operated under a fully legislated and signed US budget since Bill Clinton’s presidency, the power players are calling for increased borrowing to keep the government funded.

Secretary Janet Yellen is warning of “irreparable” harm if Congress does not come together to raise it in order to prevent the country from defaulting on its debts. Republican leadership just doubled down again calling on Democrats to raise it themselves as part of the $3.5 trillion package, which can pass on party lines.

While all eyes are on President Biden’s meetings with Senators Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) trying to pressure them in supporting the Democrats’ $3.5 trillion spending bill, there has been no progress on increasing the debt ceiling, risking the authorized funding to run the government and fund the bill.

Senate Minority Leader Mitch McConnell Tuesday doubled down on Republican opposition to raising the debt ceiling, instead of saying that Democrats were solely responsible for increasing it given their control of Congress and the White House.

“Let me make it perfectly clear,”

McConnell told Punchbowl News. “The country must never default. The debt ceiling will need to be raised. But who does that depends on who the American people elect.”

The Daily Caller is reporting

“I have voted to raise the ceiling in divided government,” McConnell continued. “I voted to raise the debt ceiling to cover all of the spending through the present, as part of a bipartisan negotiated caps deal between the previous administration, the speaker and myself. So the only issue is, whose responsibility is it to do it? A Democratic president, a Democratic House, and a Democratic Senate.”

Democrats, however, have repeatedly refused to raise the limit on their own. House Speaker Nancy Pelosi said that the provision will not be included in their reconciliation bill, which can skirt a filibuster and pass Congress without any Republican votes, and has called on both parties to vote to increase it like in years past.

“[Raising the debt ceiling] has to happen,” Pelosi said during her press conference last Wednesday. “[But] we won’t be putting it in reconciliation.”

In the end, the GOP typically folds on their threat to not raise the debt ceiling, and if I was a betting person expect the same to happen this time.

I sure hope not as these spending bills are a disaster and without the debt ceiling increase, they would die as there would be no funding for them.

Please download my podcasts below.

About Eric Thompson

18 Comments
Molly Cartwright September 20, 2021
| |
I just started 3 weeks ago and I've gotten 2 check for a total of $12,000...this is the best decision I made in a long time! "Thank you for giving me this extraordinary opportunity to make extra money from home. Go to this site for more details.......... www.paybuzz1.com
Jessica Lazarus September 19, 2021
| |
I am making a good salary online from home.I’ve made 97,999 dollar’s so for last 5 months working online and I’m a full time student. I’m using an online business opportunity I’m just so happy that I found out about it. For more detail Visit......... www.paybuzz1.com
MaryThomas September 19, 2021
| |
I've made $84,000 so far this year working online and I'm a full time student. I’m using an online business opportunity I heard about and I've made such great money. It's really user friendly and I'm just so happy that I found out about it. The potential with this is endless. Here’s what I do.  Www.Self25.com
Aurelia September 18, 2021
| |
  Hi guys, I am now making extra $19k or more every month from home by doing very simple and easy job online from home. I have received exactly $20845 last month from this home job. Join now this job and start making extra cash online by follow instruction on the given website............. http://www.EarnApp.Com
Ellis Smith September 18, 2021
| |
Making extra salary every month from home more than $15k just by doing simple copy and paste like online job. I have received $18635 from this easy home job and now I am a good online earner like others. This job is super easy and its earnings are great. Everybody can now makes extra cash online easily by just follow the given website………  www.paybuzz1.com
Emily September 18, 2021
| |
I am now making extra $19k or more every month from home by doing very simple and easy job online from home. I have received exactly $20845 last month from this home job. Join now this job and start making extra cash online byfollow instruction Here→→→ WWW.CashApp1.Com
Linda J. Brunner September 18, 2021
| |
I am making a good salary from home $6580-$7065/week , which is amazing under a year ago I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone, Here is I started.…………… Www.Jobcash1.com
Fredericka September 17, 2021
| |
I am now making extra $19k or more every month from home by doing very simple and easy job online from home. I have received exactly $20845 last month from this home job. Join now this job and start making extra cash online byfollow instruction Here→→→ WWW.CashApp1.Com
AngelaFultz September 17, 2021
| |
Since I started with my online business, I earn $25 every 15 minutes. It sounds unbelievable but you won’t forgive yourself if you don't check it out. Learn more about it here... Www.Pays11.com
BarbaraChery September 17, 2021
| |
I quit working at shoprite and now I make $65-85 per/h. How? I'm working online! My work didn't exactly make me happy so I decided to take a chance on something new… after 4 years it was so hard to quit my day job but now I couldn't be happier. Here’s what I do… Www.MoneyApp2.Com
Terry September 17, 2021
| |
I am now making extra $19k or more every month from home by doing very simple and easy job online from home. I have received exactly $20845 last month from this home job. Join now this job and start making extra cash online byfollow instruction Here→→→ Www.CashApp1.Com
Laura Dyer September 16, 2021
| |
I've made $84,000 so far this year working online and I'm a full time student. I’m using an online business opportunity I heard about and I've made such great money. It's really user friendly and I'm just so happy that I found out about it. The potential with this is endless. Here’s what I do...................>>>>>>>>> Www.Webcash1.Com
Susan Price September 16, 2021
| |
Google is by and by paying $27485 to $29658 consistently for taking a shot at the web from home. I have joined this action 2 months back and I have earned $31547 in my first month from this action. I can say my life is improved completely! Take a gander at it what I do……… Www.Money74.Com
Janina Maurer September 16, 2021
| |
I quit working at shoprite and now I make $65-85 per/h. How? I’m working online! My work didn’t exactly make me happy so I decided to take a chance on something new… after 4 years it was so hard to quit my day job but now I couldn’t be happier. Here’s what I do…>>> www.CashApp3.com
Lilly Haynes September 16, 2021
| |
I started earning $350/hour in my free time by completing tasks with my laptop that i got from this company I stumbled upon online…Check it out, and start earning yourself . for more info visit any tab this site Thanks a lot Here….......... www.paybuzz1.com
Daniela Bader September 16, 2021
| |
I quit working at shoprite and now I make $65-85 per/h. How? I’m working online! My work didn’t exactly make me happy so I decided to take a chance on something new… after 4 years it was so hard to quit my day job but now I couldn’t be happier. Here’s what I do…>>> www.CashApp3.com
Susan Price September 16, 2021
| |
Google is by and by paying $27485 to $29658 consistently for taking a shot at the web from home. I have joined this action 2 months back and I have earned $31547 in my first month from this action. I can say my life is improved completely! Take a gander at it what I do……… Www.Money74.Com
THX 1138 September 16, 2021
| |
The asylum is currently ran by the criminals.