Good job by Schumer


Olde Hornet

Olde Hornet

Well-Known Member
I am impressed that he used senate rules like Mitch.

Schumer pushes debt ceiling through Senate with sleight of hand to doom conservative delay tactics​


news.yahoo.com

Schumer pushes debt ceiling through Senate with sleight of hand to doom conservative delay tactics

Majority Leader Chuck Schumer on Thursday pulled procedural tricks out of his hat in an effort to short circuit right-wing stall tactics and rush the debt ceiling increase through the Senate. Facing a Monday deadline, the New York Democrat started the clock ticking to a final passage within...
news.yahoo.com news.yahoo.com

Majority Leader Chuck Schumer on Thursday pulled procedural tricks out of his hat in an effort to short circuit right-wing stall tactics and rush the debt ceiling increase through the Senate.

Facing a Monday deadline, the New York Democrat started the clock ticking to a final passage within minutes after the House passed the bill to avert a national default, a move that shaves 24 hours off the potential delay time.

“The Senate will stay in session until we send a bill avoiding default to President Biden’s desk,” Schumer said Thursday. “We will keep working until the job is done.”

Schumer pulled a fast one on GOP malcontents by keeping the Senate officially in session all evening Wednesday.

Under Senate rules, that move allowed him to start the clock running toward a vote as soon as the House passed the measure in a bipartisan 314-117 vote before the clock struck midnight instead of Thursday morning.
 
Compromise is the lifeblood of democracy. Great job Chuck, in getting the debt ceiling bill passed quickly in the Senate before the “X date."
 
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The Senate voted late Thursday on a bill to suspend the country’s debt limit through January 1, 2025 following weeks of contentious negotiations on the legislative deal between the White House and Republicans.

The bill is now on its way to President Joe Biden for approval, and once signed, it will avert what could have been an economic catastrophe and the first time the US would have defaulted on its debt. (Biden is scheduled to address the nation about the legislation Friday night.)

The Senate vote was 63 to 36. Take a look at how every member of the Senate voted on its final passage.

 
We would have not had this debt ceiling debacle if Dems would have gotten out and vote in the 2022 midterms. There is still a possibility that the US credit rating will be downgraded because of this debacle.
 
Mark said:
We would have not had this debt ceiling debacle if Dems would have gotten out and vote in the 2022 midterms. There is still a possibility that the US credit rating will be downgraded because of this debacle.
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There is no debacle. The whole debt ceiling panic is nothing more than political theater and a fake crisis used as a tool for the elite to gain more power.
 
Tpop33 said:
Can you give us more details?
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We've been playing this debt ceiling game when Democrat presidents who lose majorities to Republicans since Clinton and prob longer. Every time, they either cut taxes and/or social programs to avoid the supposed apocalypse. But yet, don't cut, but actually INCREASE military spending. And it's all agreed to under the guise of bipartisanship.

The wealth transference occurs when the US takes your tax dollars and gives it to corporations and rich folks in the form of subsidies and tax breaks. Corporate tax breaks alone total more than 300 billion a year. Over the next five years, individual rich folks will get another 5 trillion dollars in tax abatement.

Another 35 billion has gone directly to the police since 2021. Not including more than 90% of COVID relief funds, which is another tens of billions of dollars. Yet, we gotta pay back student loans with interest and take cuts to some social programs to get a get done. It's a game, man.
 
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Rated R Superstar said:
There is no debacle. The whole debt ceiling panic is nothing more than political theater and a fake crisis used as a tool for the elite to gain more power.
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Damn....somebody finally gets it. The only other thing I would have added is both parties benefit because it creates the illusion of a high stakes fight, that suckers in followers of both parties, while in reality the fight is fixed from day one.

All people had to notice is while the media was playing along with the game, for the sake of sensationalism and ultimately ratings, wall street nonchalantly went about things in a business as usual fashion.
 
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CEE DOG said:
Isn't that just called capitalism?
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Hmmm......yes and no Cee. What is on steroids right now is a corrosive brand of capitalism that rewards a few, the wealthy, at the expense of everyone else. In the past, economist and financial news reporters called that crony capitalism and didn't mind pointing it out where it reared its head. They hardly do that at all now for self-interested reasons. One of those reasons being to keep their job, in the case of financial news reporters.

The most desirable outcome is a free market capitalism that rewards based on the choices, opportunity and effort of each individual. Although it has flaws as well, it is the closest thing to a fair chance the poor and middle class have to advance in this society that is now increasingly compressing those classes.

Unfortunately, for free market principles to thrive you need a political-economy that is tethered to a healthy democracy, something we no longer have in this country. In my opinion, the wealthy have done a masterful job, with the assistance of primarily the GOP, of morphing what was emerging into a multicultural democracy after the 60's into a creeping plutocracy that only benefits them. I might also add, we should not get things twisted, what is going now is also very much entangled with the maintenance of white supremacy in this culture.
 
LAW DAWG said:
Hmmm......yes and no Cee. What is on steroids right now is a corrosive brand of capitalism that rewards a few, the wealthy, at the expense of everyone else. In the past, economist and financial news reporters called that crony capitalism and didn't mind pointing it out where it reared its head. They hardly do that at all now for self-interested reasons. One of those reasons being to keep their job, in the case of financial news reporters.

The most desirable outcome is a free market capitalism that rewards based on the choices, opportunity and effort of each individual. Although it has flaws as well, it is the closest thing to a fair chance the poor and middle class have to advance in this society that is now increasingly compressing those classes.

Unfortunately, for free market principles to thrive you need a political-economy that is tethered to a healthy democracy, something we no longer have in this country. In my opinion, the wealthy have done a masterful job, with the assistance of primarily the GOP, of morphing what was emerging into a multicultural democracy after the 60's into a creeping plutocracy that only benefits them. I might also add, we should not get things twisted, what is going now is also very much entangled with the maintenance of white supremacy in this culture.
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I agree 100%.
 
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