Debt Ceiling
McConnell Says GOP Will Vote Against Debt Ceiling Raise
The Democrats want to raise the debt ceiling in order for the government to avoid running out of money this October. Knowing it will come to a Senate vote, Minority Leader Mitch McConnell put his foot down.
The Republicans will vote for the debt to default, and the Democrats can think of something else to avert the crisis.
RELATED: Which President Raised the Debt Ceiling The Most?
Democrats In a Bind Over Debt Ceiling
Last week, the White House was already pressing the panic button and called for Congress to raise the debt ceiling. This move will help avoid the government default over its loans.
By Monday, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer said they will pass legislation. The bill will help fund the government and will suspend the debt ceiling until the end of 2022.
Meanwhile, Treasury Secretary Janet Yellen told Congress earlier this month September that the government's funds will likely run out by October. This is mainly because of the continued uncertainty fostered by the pandemic.
Democrats Plead For Bipartisan Support
As a result, the House and Senate will jointly pass legislation before the October deadline. The plan is to pass a bill to fund the government until 2022.
At the same time, it will tack on a debt ceiling suspension through December. This will help meet “obligations and protect the full faith and credit of the United States.”
“Addressing the debt limit is about meeting obligations the government has already made, like the bipartisan emergency COVID relief legislation from December as well as vital payments to Social Security recipients and our veterans,” the Democrat leaders wrote in a statement.
“Furthermore, as the Administration warned last week, a reckless Republican-forced default could plunge the country into a recession,’ they added.
Republicans Will Let The Democrats Take Care of the Debt Ceiling Crisis
Despite the pleas of urgency, McConnell remained unfazed. “We will not support legislation that raises the debt limit,” McConnell said. “Democrats do not need our help,” he added. “Let me make it perfectly clear. The country must never default.
The debt ceiling will need to be raised. But who does that depends on who the American people elect,” McConnell said. He acknowledged that the GOP will have to vote on something they never wanted to happen.
However, McConnell said that since the Democrats control the White House and both the House and the Senate, they can fix the mess they made. They’ll need to do something to stave off economic disaster.
With the incoming midterm elections next year, the Republican minority leader wants to keep the GOP’s hands clean. He wants to make sure the Democrats take the credit for all the spending that’s going on.
Thankfully, GOP senators are behind him. Already, 46 Republicans signed a pledge saying they will oppose any bills suspending the debt limit. What happens after the September 30 deadline will all be the Democrats’ fault.
Irresponsible Spending
Republican leaders point to the Democrat’s penchant for irresponsible spending as the main reason they won’t help. Specifically, the GOP lawmakers pointed to the $3.5 trillion budget plan that aims to increase spending on social programs.
Last week, Senator Susan Collins (R-ME) told reporters that “The Democrats have added enormous amounts of debt, including the $1.9 trillion packages, now $3.5 trillion on top of that, so they bear the responsibility for increasing the debt limit.”
Meanwhile, Democrats called the GOP hypocrites for refusing responsibility on the national debt. Dem officials said that the national debt grew to $8 trillion under the previous President, Donald Trump.
In addition, they scored McConnell and the GOP for pushing to raise the debt ceiling thrice while they were the majority.
Watch the Forbes Breaking News video reporting that McConnell: Democrats will not get a single Republican’s vote to raise the debt ceiling:
Loading ...Do you agree with the Republicans that Democrats should take care of the debt ceiling problem on their own? What do you think will happen if we leave the matter entirely to the Democrats?
Let us know what you think. Share your thoughts below.
9 Comments
Democrats are not supporting our countries legal, law abiding, tax paying citizens.
Our tax paying citizens support the democrat and republican politicians $175,000 annual salaries, premium health care and other perks.
The democrats don’t care about the citizens of America otherwise they would be taking care of our borders and limiting the spending on foolish socialist programs that they think is helping the people but actually making the people lazy and greedy. When people have to work and buy something, it means more to them than when it is handed to them because they will fight from losing it. This raising the debt ceiling will only make another market crash and make things even worse than they thought, unless that’s their plan to control everything and everyone
Clean your guns make sure you have plenty of ammo matches toilet paper bottled water and medical supplies
The Democrats own the economic problems they created.
To just give in to spending more than the Gross National Product is a sure fire way to cause a collapse of our economy Stop the presses. Don’t print any more money. Don’t borrow anymore money. Live on what you have. Reduce the entire national budget by 20% including salaries of the Congress, Executive, and civil servant wages and include arms and all national expenditures. Cut all payments to states by 20% also. Don’t cut out any current programs and DO Not Create any new programs. Think about what the term BUDGET means. Do not fight over cutting whole programs as you have in the past, grow up and do the right thing for the most people and every program share in the pain now instead of collapsing the whole economy.
All these democrats who created this problem should take a pay cut. Why is it the quickly disappearing working middle class that always takes the hit. Look at at biden a lifelong politician who now has millions of our dollars.People need to go back to work,no more stimulus programs there are now hiring signs everywhere. Wake up you cannot depend on the promises of current administration. You’ve heard it yourselves they lie.
Sounds like Retrumplican q is still in charge. All are still believing everything just like they believed every lie their daddy trump said and now McConnell is their step daddy so anything no matter what happens to USA as long as they win. 🚫to Retrumplican q
It is about time that the democrats fix the problem they created.
Time for Republicans to get their big boy pants on and stand firm. Pelosi runs the house and she will do anything to get her plan through to destroy our country. It is time that we take action to stop them at every turn NOW. Tomorrow is too late. The debt ceiling shall not be raised. The border is a disaster for our whole country. All the Democrats want is new voters so they can stack the courts/bankrupt the country/and use the bogus claim of climate change for spending us to death. If we don’t stand up now, we all will sink together. These are the choices. This administration is a bunch of misdirected amateurs
in charge of the piggy bank. We are the laughing stock of the world.
democrat = corrupt/criminal, useless, godless, BABY KILLERS, radical socialist/communist/marxists craving total absolute raw POWER to CONTROL everybody and everything to ENRICH themselves and FORCE their evil ANTI-CHRISTIAN lifestyle agenda on children and society. Yes, the USA is divided, good will not unite with evil and right will not unite with wrong!