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| Hurricane Harvey Could Fit Into A Secret Plan To Raise The Debt Ceiling |
| 2017-09-05 |
| [Daily Caller] Hurricane Harvey has inadvertently provided Congress with an opportunity to raise the debt ceiling, Axios reports. Republican leadership in the House is reportedly planning to pass a "clean" bill that would provide $7.85 billion for emergency relief efforts, which would satisfy both the president’s demands for funding and for a bill that has no extraneous measures attached. Once the bill makes its way to the Senate, leadership is planning to attach a debtlimit increase before sending it back to the House. The administration announced in late August that it wants lawmakers to pass a "clean" debt ceiling increase, meaning a piece of legislation that raises the debt limit with no additional measures attached. Leadership faces a few major tests in the coming weeks, and raising the debt limit is only one. Republicans in Congress must also figure out a way to keep the government funded past Sept. 30 and are angling to push a tax reform bill through both chambers and onto the president’s desk by December. |
| Posted by:Besoeker |
| #6 If they hadn't already raised the debt ceiling to support their corruption and vote for me schemes I would think the Hurricane would be the type of reason you might raise it once. As is, NO. Better for the Feds to lone money to Texas (one of the few states that could pay it back) or have a sell-off of Federal property in and around Texas to pay for any funds given by the Federal government to Texas. |
| Posted by: rjschwarz 2017-09-05 18:30 |
| #5 Wonder what creative bookkeeping would emerge? More than we have already? |
| Posted by: Mullah Richard 2017-09-05 09:44 |
| #4 Now there's the basis for term limits, not in years, but if you raise the debt ceiling you can not run for or be appointed to an office for 10 years. Wonder how long the game would go on? Wonder what creative bookkeeping would emerge? |
| Posted by: Procopius2k 2017-09-05 09:27 |
| #3 "The administration announced in late August that it wants lawmakers to pass a "clean" debt ceiling increase..." When asked about the debt ceiling increase Treasury Secretary Mnuchin said on Sunday "The president and I believe that it should be tied to the Harvey funding" Funny how this article gives the opposite impression ain't it? |
| Posted by: DepotGuy 2017-09-05 08:47 |
| #2 Keynes said that his system would fail. Just after he died, when he wouldn't have to deal with it. |
| Posted by: no mo uro 2017-09-05 05:50 |
| #1 It's the "Secret" they always do. A successful ponzi scheme demands it: Depending on who is doing the research, it is said that the US has raised its debt ceiling (in some form or other) at least 90 times in the 20th century.[11] The debt ceiling has been raised 74 times since March 1962,[12] including 18 times under Ronald Reagan, eight times under Bill Clinton, seven times under George W. Bush, and five times under Barack Obama. In practice, the debt ceiling has never been reduced, even though the public debt itself may have reduced. Congress has raised the debt ceiling 14 times from 2001-2013. The debt ceiling was raised a total of 7 times (total increase of $5365bil) during Pres. Bush's eight-year term and it has been raised 7 times (as of 10/2013 a total increase of $5385bil) under Pres. Obama's term as of 2013 (five years in office). Wiki link |
| Posted by: Besoeker 2017-09-05 01:01 |