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by CaptainMarvel
1049 days ago
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Let’s be clear it’s not “every couple of years”. It’s “every time there is a democratic president, the republican-controlled legislative branches refuse to raise the debt ceiling”. How many times has this ever happened in reverse? Democrats must stop compromising with people that blatantly do not operate in good faith. |
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"Since 1960, Congress has raised, extended, or revised the debt limit 78 separate times, of which 49 were under Republican presidents and 29 were under Democratic presidents, according to the Department of Treasury. In each of those instances, Congress took action on the debt limit before the nation defaulted."[0]
> Democrats must stop compromising with people that blatantly do not operate in good faith.
I wouldn't want any politician (regardless of party allegiance) to agree on any spending if there is not also an agreement on how to finance such spending.
If companies or individuals were to run their own finances like politicians run government finances, they'd go bankrupt and/or land in jail pretty quickly. Why should our elected representatives (yes, all of them!) not have to worry about this stuff?
[0] https://time.com/6281003/debt-ceiling-history/