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BumRushDaShow

(146,207 posts)
Mon Jan 27, 2025, 09:21 AM Monday

Democrats flip the script, eyeing debt limit to block Trump's agenda

Source: Washington Post

Today at 6:00 a.m. EST


DORAL, Florida — Democrats in Congress are considering forcing a showdown over the debt limit to rein in President Donald Trump’s vast plans to reshape the U.S. economy and remake the federal government.

For 30 years, Republicans have used the threat of a national default to make Democrats negotiate over GOP demands. But as America hurtles once again toward a potential debt crisis, Democrats see an opportunity to turn the tables to cut off Trump’s agenda and take the debt limit off the table in future legislative battles.

Last week, the national debt hit the legal limit of $31.4 trillion. (The debt limit does not directly cut spending, but it bars the country from borrowing more money to pay for spending Congress has already approved.) Unless Congress acts to lift or suspend the cap, Trump’s Treasury Department will be forced to stop borrowing sometime this spring. That could trigger a calamitous default, probably tanking the U.S. economy and causing a global crisis.

Republicans control both chambers of Congress as well as the White House and could lift the debt limit on their own. But internal divisions over spending block that path. As the House GOP huddles this week at Trump’s golf resort in Doral to try to resolve their differences, Republican leaders recognize they are likely to need Democratic votes to raise the debt limit — and Democrats know it. “It’s inevitable that they’re going to need us,” Rep. Richard E. Neal (D-Massachusetts) told The Washington Post.

Read more: https://www.washingtonpost.com/business/2025/01/27/trump-debt-ceiling-democrats/



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Democrats flip the script, eyeing debt limit to block Trump's agenda (Original Post) BumRushDaShow Monday OP
But, but, but Musk must colonize Mars by 2026! He needs lots of money. GreenWave Monday #1
And so the game of dodgeball goes on Marthe48 Monday #2
Good point but the spelling is DOGE-Ball SupportSanity Monday #10
do not raise the debt limit rampartd Monday #3
Bad, Bad Idea. GB_RN Monday #6
Crash the country Pupule Monday #7
Every Time The Repukes Caused Shutdowns... GB_RN Monday #11
The Dems better get their act together Miguelito Loveless Monday #4
It's too late for that... Omnipresent Monday #5
I'm sure GOPers will make it sound like Democrats are the culprits. Silent Type Monday #8
It will be a game of chicken HereForTheParty Monday #9

Marthe48

(19,824 posts)
2. And so the game of dodgeball goes on
Mon Jan 27, 2025, 09:30 AM
Monday

And Americans are the eternal target. Although, if Dems can actually change the course of this disaster, go for it.

SupportSanity

(1,239 posts)
10. Good point but the spelling is DOGE-Ball
Mon Jan 27, 2025, 01:45 PM
Monday

It would be great if it was the old classic game, but it's their new game.

rampartd

(1,307 posts)
3. do not raise the debt limit
Mon Jan 27, 2025, 09:41 AM
Monday

trump does not care what the money is appropriated for, he will spend it as he pleases.

that is the "impoundment " business that he is so hot for.

GB_RN

(3,281 posts)
6. Bad, Bad Idea.
Mon Jan 27, 2025, 11:32 AM
Monday

A default, which is what would happen, would cause interest rates to spike (investors & other countries to lose faith in us paying our bills, demanding higher reward for higher risk). We would slide (or crash) into a massive recession and possibly trigger a worldwide recession.

The government’s credit rating could take a hit, just from playing this stupid game.

The debt limit has to go away so this chicken shit every few years will go away.

Pupule

(1 post)
7. Crash the country
Mon Jan 27, 2025, 11:58 AM
Monday

Crash the country, the Republi-cons own it, then show their leadership is a disaster

GB_RN

(3,281 posts)
11. Every Time The Repukes Caused Shutdowns...
Mon Jan 27, 2025, 04:45 PM
Monday

They got the blame for it. You don’t think the Democrats would be blamed for killing the economy?

Miguelito Loveless

(4,776 posts)
4. The Dems better get their act together
Mon Jan 27, 2025, 09:59 AM
Monday

Anyone talking about "working with the president" should be cashiered.

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