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2023-05-29 Home Front: Politix
Debt Ceiling Deal Reached. Maybe
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Posted by Deacon Blues 2023-05-29 00:00|| || Front Page|| [8 views ]  Top

#1 ...It ain't much of a deal. I can't support it at all.

Mike
Posted by Mike Kozlowski 2023-05-29 06:52||   2023-05-29 06:52|| Front Page Top

#2 The Stupid Party isn't crafty enough to play this to the vote and expect it not to pass, then go back to Biden and say we need more concessions.
Posted by Procopius2k 2023-05-29 08:35||   2023-05-29 08:35|| Front Page Top

#3 There's equal amounts of screeching from each end of the political spectrum.

That tells me it's all uniparty kabuki.
Posted by M. Murcek 2023-05-29 08:40||   2023-05-29 08:40|| Front Page Top

#4 Guess it was just way too much to ask for a genuinely balanced budget.
Posted by Raj 2023-05-29 10:25||   2023-05-29 10:25|| Front Page Top

#5 ^ A US with a balanced budget and its National Debt under control would be more dangerous to the rest of the world than anything the Pentagone could come up with.

That's why it isn't happening.
Posted by M. Murcek 2023-05-29 10:40||   2023-05-29 10:40|| Front Page Top

#6 A distant memory: Gramm-Rudman

...officially the Balanced Budget and Emergency Deficit Control Act of 1985, U.S. budget deficit reduction measure. The law provided for automatic spending cuts to take effect if the president and Congress failed to reach established targets; the U.S. comptroller general was given the right to order spending cuts. Because the automatic cuts were declared unconstitutional, a revised version of the act was passed in 1987; it failed to result in reduced deficits. A 1990 revision of the act changed its focus from deficit reduction to spending control.

"spending control". That made my morning.

Link
Posted by DooDahMan 2023-05-29 11:01||   2023-05-29 11:01|| Front Page Top

#7 The Budget Control Act of 2011 was a similar attempt. This act is somewhat famous for giving the word 'sequester' some panache.

The BCA2011 was amended by the Bipartisen Budget Act of 2013 which loosened the caps on spending and after the loosened caps were broken, partly by Republicans who wanted more Defense spending, the whole thing pretty much became a dead letter.

This is why I am not so much in favor of a strict budget control act - namely because it can not be maintained.
Posted by lord garth 2023-05-29 18:31||   2023-05-29 18:31|| Front Page Top

23:57 Snomose Thriger2061
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23:18 Clusorong Trotsky5960
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21:23 DooDahMan
21:10 SteveS
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19:42 Super Hose
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19:24 Procopius2k
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18:58 swksvolFF
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