McCarthy rebrands looming debt ceiling breach: 'Biden default'

Poor Richard Saunders said:
Congratulations on proving you are an idiot.

The number of people 65 and over and on SS has more than doubled since 1980. 25M in 1980, about 55M today. I wonder why that would make a difference in the amount per person the government spends.
The percentage of population over 65 has gone from 11% in 1980 to about 17% today. How many people on SS are getting less than $20,000 per year in SS and Medicare benefits?
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Social Security represents $3,657

Try again numbnuts. :laugh:
 
McCarthy rebrands looming debt ceiling breach: 'Biden default'?

Can you give us one good reason why we are not calling this the FREEDOM CAUCUS FAULT?
 
Tinkerpeach said:
If we don’t make cuts then we will just have to raise it again meaning more money stolen from social security and an increase in the cost of bonds further hurting our viability in the world market

Why do the democrats not want to make some basic cuts in spending?

It makes no sense
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What you just said is wrong in so many ways that it's almost impossible to know where to start. Let's start with your assertion that an increase in the debt ceiling is stealing from Social Security. Huh? WTF does that even mean? The debt ceiling is raised when we need more borrowing power to pay our bills. If you are, in some hackneyed way trying to suggest that money is stolen from social security to pay down the debt, you are completely and utterly wrong yet again. Democrats want to raise taxes on the rich. That reduces the deficit.

YOU make no sense. None.
 
zymurgy said:
because we aren't retards
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Who is “we”, numbnuts? McCarthy’s Trumper wackadoodle caucus?

Social Security and Medicare are paid by the individuals who worked all their lives. This is why some people draw more money than others; because it’s based on lifetime income.
 
Poor Richard Saunders said:
Maybe you should try again. Did you intentionally leave out half of what I mentioned?



I am curious where you are getting your numbers since they don't exactly match the US budget historical numbers.
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DERP DERP retardo

your entire complaint was about how we have way more people retired. SO WHAT

Social Security alone does not account for this skyrocketing in spending. Yet all you talked about is social security
 
ExpressLane said:
House Speaker Kevin McCarthy is setting up to pin a looming possible financial crisis on President Biden, the Republican leader indicated on Wednesday, declaring that it would be the "Biden default" if an agreement is not reached in time on raising the debt limit.

"Our debt is larger than our economy, by more than 20%. If we do nothing, we will pay more in interest in the next ten years than we paid in the last 83," the speaker said at a press conference. "If we do nothing, and you follow along…God forbid you get a Biden default because he ignores the problem just as he ignored the border."

McCarthy made an unannounced appearance at the press event, which featured more than two dozen Republican lawmakers across the House and Senate, touting Democrats’ apparent concession to negotiate on the debt ceiling after insisting on a "clean" increase of the borrowing limit for months.

Biden had his second meeting on the debt limit with McCarthy and other Congressional leaders on Tuesday, just before jetting off to Japan for the Group of 7 summit.

Talks have so far resulted in little movement, with Democrats maintaining their position and Republicans demanding spending cuts drawn out in their Limit, Save, Grow Act be paired with any increase of the debt ceiling. But Senate Majority Leader Chuck Schumer appeared to change his tune after the sit-down, telling reporters, "Hopefully we can come to an agreement…Having a bipartisan bill in both chambers is the only way we’re going to avoid default."


McCarthy took a victory lap over the development on Wednesday. "Now the president and Leader Schumer have finally backed off their idea that they won't negotiate. They finally backed off the insane un-rational, un-sensible idea that you just raise the debt ceiling," he said......

https://www.foxnews.com/politics/mccarthy-rebrands-looming-debt-ceiling-deadline-biden-default
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I doubt the US will default. But if it does it will very clearly be Biden and his handlers fault. The Republicans have offered a modest cut in spending and a debt ceiling increase. The ball is in dementia Joe's court.
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An increase in the debt ceiling should be automatic with no strings attached, just as it was done multiple times during the trump years.
 
zymurgy said:
DERP DERP retardo

your entire complaint was about how we have way more people retired. SO WHAT

Social Security alone does not account for this skyrocketing in spending. Yet all you talked about is social security
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Poor Richard Saunders said:
How many people on SS are getting less than $20,000 per year in SS and Medicare benefits?
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Are you a liar or an idiot that can't read?
 
Doc Dutch said:
Will he reveal the secrets of the Republican Sex & Cocaine parties?
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We can only hope.

My guess is that he's saving all that kind of juicy stuff for a tell-all, exposé novel to be released after he's drummed out of Congress.

Poor boy's gonna need an income and it's highly doubtful he'll be able to get a job anywhere.

Well, Fox News maybe.

OAN.
 
Poor Richard Saunders said:
Are you a liar or an idiot that can't read?
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JFC retard.

We went from spending 9k per person in 1980 to 20k today - adjusted for inflation!

Subtract social security and medicare completely from our current spending and we still went from 9k per person (including SS/Medicare) to 15k per person not including it

So you are the liar here
 
Nomad said:
We can only hope.

My guess is that he's saving all that kind of juicy stuff for a tell-all, exposé novel to be released after he's drummed out of Congress.

Poor boy's gonna need an income and it's highly doubtful he'll be able to get a job anywhere.

Well, Fox News maybe.

OAN.
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Fox News pays better for RW lies. OAN may go bankrupt from the defamation lawsuits.
 
floridafan said:
why is that wrong. The money has already been spent,
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it is wrong because if we have a tool to reign in runaway government, we need to use it

You go around buying votes with your credit card, then say we have to keep raising your spending limit on your credit card.

No, that is wrong. I do not agree.
 
zymurgy said:
JFC retard.

We went from spending 9k per person in 1980 to 20k today - adjusted for inflation!

Subtract social security and medicare completely from our current spending and we still went from 9k per person (including SS/Medicare) to 15k per person not including it

So you are the liar here
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Where are you getting your numbers from? You still haven't told us.

According to US census figures and government estimate of spending for 2023, the per person spending for 2023 is $19,118.
Of that $5,922 is for SS and Medicare. ($19,118- $5,922 is not $15K by any stretch of the imagination.)
$1,427 is for interest on the debt
$823 is for veteran's benefits

https://www.whitehouse.gov/omb/budget/historical-tables/
Table 3.1 is spending by function
Total Federal Outlays - $6.371827 trillion
Total US population - 333,287,557 (June of 2022)
https://www.census.gov/quickfacts/fact/table/US/PST045222

$6,371,827,000,000/333,287,557 = $19118.11 (Actually less since the population has grown since June of last year.)
 
Poor Richard Saunders said:
Where are you getting your numbers from? You still haven't told us.

According to US census figures and government estimate of spending for 2023, the per person spending for 2023 is $19,118.
Of that $5,922 is for SS and Medicare. ($19,118- $5,922 is not $15K by any stretch of the imagination.)
$1,427 is for interest on the debt
$823 is for veteran's benefits

https://www.whitehouse.gov/omb/budget/historical-tables/
Table 3.1 is spending by function
Total Federal Outlays - $6.371827 trillion
Total US population - 333,287,557 (June of 2022)
https://www.census.gov/quickfacts/fact/table/US/PST045222

$6,371,827,000,000/333,287,557 = $19118.11 (Actually less since the population has grown since June of last year.)
Click to expand...

I am using actuals from 2021, not estimates which you shitstains alwasy fudge
 
zymurgy said:
it is wrong because if we have a tool to reign in runaway government, we need to use it

You go around buying votes with your credit card, then say we have to keep raising your spending limit on your credit card.

No, that is wrong. I do not agree.
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Congress has already spent the money, it's too late to renege. The proper time to deal with this is when Congress considers spending legislation. Not once when the debt limit was raised during the trump years did you complain. Not once when he left with an $8 trillion deficit did you complain.
 
floridafan said:
Congress has already spent the money, it's too late to renege. The proper time to deal with this is when Congress considers spending legislation. Not once when the debt limit was raised during the trump years did you complain. Not once when he left with an $8 trillion deficit did you complain.
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you can cry and whine, but sorry, no

You have to get permission to raise the debt ceiling, so now is a perfect time to force a compromise on out of control spending patterns

next time think before you spend money you don't have
 
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