General Discussion

Miles Archer

(23,280 posts)

39. So if you're right and CNN is wrong, please post the link to your source.

Tue Apr 18, 2023, 03:53 PM

Apr 2023

The US economy could depend on McCarthy corralling his extremist Republican troops

CNN —

Millions of Americans could face massive consequences unless Speaker Kevin McCarthy can navigate out of a debt trap he has set for President Joe Biden that is instead threatening to capture his House Republicans.

The California Republican traveled to Wall Street on Monday to deliver a fresh warning that the House GOP majority will refuse to lift a cap on government borrowing unless Biden agrees to spending cuts that would effectively neutralize his domestic agenda and neuter his White House legacy.

McCarthy also assured traders, however, that he would never let the US government default on its obligations – a potential disaster that could halt Social Security payments, trigger a recession and unleash job cuts by the fall in the event that the debt ceiling is not raised.

https://www.cnn.com/2023/04/18/politics/mccarthy-biden-debt-ceiling/index.html

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Imagine 65,000,000 Americans finding out they won't be getting Social Security benefits [View all] Miles Archer Apr 2023 OP

Republican party, still striking fear in the poor and elderly, that's their brand Walleye Apr 2023 #1

I can tell you how it would play in this house: yellowdogintexas Apr 2023 #2

We would be in the same boat!! JanLip Apr 2023 #4

Brainwashed zombies high on fox... 2naSalit Apr 2023 #11

You are absolutely correct!! JanLip Apr 2023 #37

A lot of people would be in that boat! ShazzieB Apr 2023 #22

Same here. DavidDvorkin Apr 2023 #12

Unfortunately, Biden will get the blame. Most people don't know anything about politics patricia92243 Apr 2023 #3

Agreed Bayard Apr 2023 #5

It'll be mixed but, yes, sadly, some blame will unfairly stick to Biden Dave says Apr 2023 #6

Baloney. He won't get the blame...you watch. Demsrule86 Apr 2023 #7

I agree, he can go on national media and give a primetime White House address to the entire country Celerity Apr 2023 #19

Agreed. LakeArenal Apr 2023 #23

I concure. nt fleabiscuit Apr 2023 #24

Not necessarily true. Past govt shutdowns were blamed on the appropriate people. n/t FSogol Apr 2023 #18

THIS ☝🏾. ☝🏾. ☝🏾. ☝🏾. live love laugh Apr 2023 #29

Yeah, ANYONE who watches faux news doesn't have enough brain cells to think ANYTHING Ferrets are Cool Apr 2023 #30

Sending week-old dead fish wrapped in newspaper Backseat Driver Apr 2023 #8

Imagine 1/2 of them armed, with nothing left to lose. Well-regulated militia? Runningdawg Apr 2023 #9

I will fly my... 2naSalit Apr 2023 #10

That move will also crash Wall Street and all over financial markets rurallib Apr 2023 #13

Social Security also runs Medicare. Both, right there, are the start of civil war. ancianita Apr 2023 #14

Republicans seem to be mean spirited, spiteful creatures Warpy Apr 2023 #15

I think McCarthy will blink first. marble falls Apr 2023 #16

I think that under all of the paper-thin bravado, he knows what his reward will be... Miles Archer Apr 2023 #38

Don't think for one minute that tRump humpers won't be squealing about missing Texin Apr 2023 #17

I expect that House and Senate republicans Buns_of_Fire Apr 2023 #20

and an end to their pathetic political careers housecat Apr 2023 #34

I see no one bothered to Google this WarGamer Apr 2023 #21

Lol Effete Snob Apr 2023 #25

it is considered essential.... along with many functions in the dod and guv't getagrip_already Apr 2023 #26

SS payment would certainly be affected TZ617 Apr 2023 #28

Treasury Secretary Janet Yellen ain't so sure: no problem if a govt shutdown, but if the debt progree Apr 2023 #31

So if you're right and CNN is wrong, please post the link to your source. Miles Archer Apr 2023 #39

I said SS payments would NOT be affected by a potential gov't shutdown. WarGamer Apr 2023 #43

The debt ceiling is not linked to SS Fiendish Thingy Apr 2023 #27

Republikkkans will blame Democrats, and the dutiful media will follow Orrex Apr 2023 #32

Most of the Social Security beneficiaries have families. patphil Apr 2023 #33

Same way it did when Newt shut down the government when Clinton was President. Autumn Apr 2023 #35

It's what republicans do. They create a problem, then Emile Apr 2023 #36

Probably not to much impact politically pinkstarburst Apr 2023 #40

I don't have to imagine. A friend of mine was at SS HQ in Baltimore... Grins Apr 2023 #41

My neighbor the postal worker ExWhoDoesntCare Apr 2023 #45

It won't happen with Biden and a Democratic senate.. whathehell Apr 2023 #42

My MAGAt relatives will blame "The Democrats" CousinIT Apr 2023 #44

Debt ceiling fights have never hurt democratic presidents Johonny Apr 2023 #46