Debt ceiling deal details

[Marius25]

Link to tweet

?s=20


So it seems like Republicans got a lot of what they wanted. More work requirements for social programs, cuts the IRS, more defense spending.

[Autumn]

1. Looks like the Republicans got what they wanted. What a fucking farce.

[mvd]

2. SNAP age moved to 54??

That would be a terrible compromise. I doubt progressives will vote for it.

[RandySF]

6. Work requirements move up from 50 to 54.

[mvd]

9. Yeah, that is what I thought

I don’t like some of it but that part would be worst IMO. The whole work thing is just cruelty.

[Demsrule86]

63. but it sunsets...and disabled folks are spared. The GOP wanted way worse.

[Demsrule86]

57. It was 49 before now 54...not much different and it sunsets too...so not permanent.

This is the existing program. It is a bit improved...the age thing is helpful...since it was 49 before.

'Most unemployed non-disabled adults aged 18 to 49 not living with minor children are limited to three months of benefits unless they are working at least 20 hours per week or participating in a qualifying workfare or job training program. States may seek temporary waivers from this time limit for areas with high unemployment, where qualifying jobs are scarce. To receive a waiver, states must provide detailed Labor Department unemployment data for these areas with sustained levels of high unemployment. In 2020, in response to the COVID-19 pandemic, Congress temporarily suspended the three-month time limit until the month following the end of the federal public health emergency. States also have separate, broad authority to impose work requirements on many adults in SNAP households, which some states temporarily suspended due to the pandemic.'

It is a compromise and a good one I think. No one gets 100%, but everyone gets something.
And it helps McCarthy save his speakership and us from having a MAGA Speaker of the House.

https://www.cbpp.org/research/food-assistance/the-supplemental-nutrition-assistance-program-snap

[InAbLuEsTaTe]

77. Yeah, that one I completely don't get...always the poor who must bear the brunt instead of the rich.

[mcar]

4. Really?

I don't see it that way at all.

[Autumn]

10. Yeah really. That's the way I see it. YMOVVFM

[Beautiful Disaster]

74. You might need to get your eyes checked.

The Republicans wanted 22% across the board cuts + a rollback of Biden's student loan forgiveness program and a hollowing out of his IRA climate initiatives. They also wanted to cut $80 billion in IRS funding - this deal only cuts $2 billion (technically $1.9 billion).

If you think Republicans got everything they want, you clearly haven't been paying attention.

[W_HAMILTON]

5. Then they must not have been asking for much, because they didn't get very much.

Obviously will need to see the details, especially regarding the potential work requirements, but that's not nearly as drastic as I was worried about.

This isn't very much to begin with and it can all be easily and quickly reversed (and then some) if we regain control of the House in 2024 and keep the presidency and Senate.

[Autumn]

19. Sure. keep saying that.

[Beautiful Disaster]

75. Can you show where the Republicans got what they wanted?

Or are you just going to pull a Trump and throw out accusations without any substance to back it up?

I already replied to you and showed you where Republicans didn't get what they wanted. So, please, step up and show us where they got everything they wanted or maybe sit this one out.

[lapucelle]

35. Here's what Republicans were asking for.

Energy and mining permitting reform

Rescind unused Covid-19 funds:

Establish new work requirements for Medicaid

Raise the work retirement age window for people enrolled in SNAP from 50 to 55

A federal budget baseline number in 2024 that is lower than it was in 2023

Set 2024 baseline spending to its 2022 level, without cutting defense

Repeal the electric vehicle tax credits at the center of Biden's renewable energy agenda, which were passed last year in the Inflation Reduction Act, or IRA.

Repeal $80 billion in additional Internal Revenue Service funding, also part of the IRA.

Overturn Biden's executive action to forgive approximately $315 billion worth of student loan debt.

Enact the REINS Act, which would require regulatory agencies such as the Federal Trade Commission and the Environmental Protection Agency to get congressional approval before they could issue major rules.

https://www.cnbc.com/2023/05/25/debt-ceiling-news-demands-republicans-are-making.html

[betsuni]

69. +1

[lapucelle]

28. It's pretty obvious that Republicans didn't get what they wanted.

Here's what Republicans wanted:

Energy and mining permitting reform

Rescind unused Covid-19 funds:

Establish new work requirements for Medicaid

Raise the work retirement age window for people enrolled in SNAP from 50 to 55

A federal budget baseline number in 2024 that is lower than it was in 2023

Set 2024 baseline spending to its 2022 level, without cutting defense

Repeal the electric vehicle tax credits at the center of Biden's renewable energy agenda, which were passed last year in the Inflation Reduction Act, or IRA.

Repeal $80 billion in additional Internal Revenue Service funding, also part of the IRA.

Overturn Biden's executive action to forgive approximately $315 billion worth of student loan debt.

Enact the REINS Act, which would require regulatory agencies such as the Federal Trade Commission and the Environmental Protection Agency to get congressional approval before they could issue major rules.

https://www.cnbc.com/2023/05/25/debt-ceiling-news-demands-republicans-are-making.html

---------------------------------------------------------------

The US allocates 11% of it's budget for "discretionary spending". Republicans wanted to cut that by 22%.

[Demsrule86]

37. I don't think so...it looks decent to me and they can't come back and in five months and demand

They wanted a long non-spending period...one year doesn't matter because we don't have the House anyway...the IRS mostly is intact...Symone says it is a good deal. The White House negotiated a pretty good deal. There is some change in SNAP age limits but it doesn't seem that bad.

[DemocraticPatriot]

73. But "not enough" for them...

I have doubts that they can get enough Democratic votes to make up the difference...

and then there is the Senate...

[Voltaire2]

84. yup. utter bullshit.

[RandySF]

3. Not great but not as bad as I feared.

[mvd]

7. Medicaid at least appears to be spared

That’s one good thing.

[keep_left]

13. Biden made it abundantly clear...

...that attacks on Medicaid would be "a nonstarter".

[kelly1mm]

22. Didn't he make it abundantly clear he would not negotiate a debt ceiling increase as well? nt

[keep_left]

24. I can't remember. But unfortunately, negotiations...

...were always going to happen due to political realities. However, Biden made it clear that Medicaid would remain a status quo program.

[Demsrule86]

38. This is a budget negtiation and in return they raise the debt ceiling. I think it is brilliant as it

prevents the GOP from shutting down the government in a matter of months.

[keep_left]

45. Yes, and even more brilliant is the political jiujitsu of it. Biden and his team...

...turned McCarthy's strength into weakness. Most notably, the intransigence of MAGA chuds like MTG ended up being used against them; they thought that by compromising the Speaker so that he could be ousted with a single vote, it would ensure his obeisance. Instead, it worked against them by allowing Biden to make McCarthy an offer he couldn't refuse.

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=17951126

[Demsrule86]

56. Exactly right! Both McCarthy and Biden win...and the country wins too. And anything that

lessons MTG, Gaetz, and Boberts power is helpful to us.

[lapucelle]

25. These are budget negotiations.

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation’s debt ceiling and staving off an economically devastating government default.

The Democratic president and Republican speaker hope to strike a budget compromise this weekend. With Republicans driving for steep cuts, the two sides have been unable to agree to spending levels for 2024 and 2025. Any deal would need to be a political compromise, with support from both Democrats and Republicans to pass the divided Congress.

https://www.pbs.org/newshour/politics/deadline-looming-biden-and-mccarthy-narrow-in-on-budget-deal-to-lift-debt-ceiling

[kelly1mm]

29. Oh! So there is no debt ceiling increase? I was mis-informed then. Calling partial

capitulation to R's debt ceiling hostage taking a 'budget compromise doesn't fool anyone, even here on DU. Just review the past 2 weeks posts on this and count how many call it some version of 'debt ceiling' negotiations vs. 'budget negotiations'.

[lapucelle]

33. There's no hyphen in "misinformed". N/T

[TwilightZone]

34. They did raise the debt ceiling.

The budget discussions were part of that, as it notes in the excerpted text in the post to which you replied.

"in exchange for lifting the nation’s debt ceiling"

The GOP was never going to agree to a stand-alone increase in the debt ceiling.

[Demsrule86]

58. Not really, the budget was negotiated for two years...blows my mind. Biden was brilliant.

The government can't be shut down...it is over for this sort of thing until after the election when hopefully we have more Democrats. Now because a budget is now done...the debt ceiling will be raised past the election too. Biden always said he wanted to negotiate a budget and pass a debt ceiling and he did. It is a brilliant compromise.

[kelly1mm]

65. So since this was such a brilliant move I am sure all the House and Senate Democrats

will be on board and enthusiastically vote for President Bidens partial capitulation to the R debt ceiling hostage takers? I will wait and see but I think not ....

[Demsrule86]

66. Probably not, a compromise rarely pleases everyone. But Biden still got us out of a tough place and

likely saved the economy...it is a brilliant negotiation...the GOP planned to get much more (some actually want to breach the debt ceiling) and then shut the government down when they come back with more demands in a few months...this shit is over until after the election... That is a BFD.

Please not he negotiated on the the budget just as he said he would.

[lapucelle]

80. There might be room for some performative, "symbolic" votes against the deal

on either side, depending on the degree of bipartisan support.

[Demsrule86]

39. Also, I think conservatives are going to be foaming at the mouth about this and Democrats will

have to help McCarthy retain his Speakership...beats having the blonde loser or Gaetz. With Democrats backing McCarthy, it makes the crazies less powerful and makes the Democrats more powerful within the caucus...I bet money Biden told McCarthy.''We can make a deal on the budget and free you from the crazies...save your speakership'. Biden is very crafty and honestly brilliant. I worked with him for four elections. This is his MO. Democrats should vote for it and then we work our asses off to elect more Democrats so such deals become a thing of the past.

[Deminpenn]

55. Yep

nt

[FalloutShelter]

12. I'm relieved.

We clean their clocks in the next two elections and we reset.

[Demsrule86]

42. Also as I just wrote, it is likely McCarthy needs Democratic votes to save his speakership so he

owes us and needs us.

[FalloutShelter]

50. Absolutely.

[Demsrule86]

54. From what I can tell, it is good outcome...and we have a budget! No shutting down the

government.

[gab13by13]

8. What I want to know,

why didn't President Biden have a couple of House Democrats involved in the negotiations?

Won't it look like he is taking their vote for granted?

[AZSkiffyGeek]

11. So...

The debt ceiling is off the table during the election.
Spending isn’t cut.
Defense spending behaves the way it normally does.
A program that already has work requirements still has work requirements.
Biden loses a couple gains from the IRA - one of which was probably DOA because Manchin felt betrayed over it already.
And the global economy doesn’t collapse.

[RandySF]

18. +1

[Demsrule86]

44. Exactly right! It was very successful and Biden kept his word...the negotiation was a budget and

Afterward, the debt ceiling is raised. He didn't negotiate the debt ceiling. He created a budget for two f'ing years!...there will be no more shenanigans (Biden word) like shutting down the government and demanding more cuts...it is a good deal from what I heard on MSNBC.

[Deminpenn]

52. Good perspective

The Rs weren't going to pass a budget on time. It was likely that there'd be a series of omnibus spending continuing resolutions where federal agency spending would be held at "current" levels. In fact, I expect the entirety of FY24 to be funded by a continuing resolution.

The Rs will try to "claw back" some unspent covid relief money, but here's betting that money will be spent before they can get it. No gov't entity ever gives back money allocated to it.

Ted Lieu was just on with Michael Steele and said House Dems made it clear to Biden that the debt ceiling bill wouldn't pass without Dem votes and what priorities were not negotiable.

[Yo_Mama_Been_Loggin]

14. As I pointed out on another thread

What kind of work requirements are we talking about?

https://www.democraticunderground.com/100217950782

[walkingman]

15. What did we get? Looks like just concessions?

[RandySF]

17. Republicans first wanted far more.

[GoodRaisin]

48. Of course they did.

Some of which was never happening.

[lapucelle]

23. This is what Republicans wanted

Energy and mining permitting reform

Rescind unused Covid-19 funds:

Establish new work requirements for Medicaid

Raise the work retirement age window for people enrolled in SNAP from 50 to 55

A federal budget baseline number in 2024 that is lower than it was in 2023

Set 2024 baseline spending to its 2022 level, without cutting defense

Repeal the electric vehicle tax credits at the center of Biden's renewable energy agenda, which were passed last year in the Inflation Reduction Act, or IRA.

Repeal $80 billion in additional Internal Revenue Service funding, also part of the IRA.

Overturn Biden's executive action to forgive approximately $315 billion worth of student loan debt.

Enact the REINS Act, which would require regulatory agencies such as the Federal Trade Commission and the Environmental Protection Agency to get congressional approval before they could issue major rules.

https://www.cnbc.com/2023/05/25/debt-ceiling-news-demands-republicans-are-making.html

[GoodRaisin]

46. Debt ceiling increased 2 years.

[Demsrule86]

47. No you are wrong...the GOP wanted a decade of spending cuts and huge new work requirements,

all the IRS cuts and worse things too. We don't have the House so let's work our asses off and win big in 24.

[imanamerican63]

16. Thanks Donald!

[lapucelle]

20. Here's what the Republicans wanted:

Energy and mining permitting reform

Rescinding of unused Covid-19 funds:

New work requirements for Medicaid

Raise the work retirement age window for people enrolled in SNAP from 50 to 55

A federal budget baseline number in 2024 that is lower than it was in 2023

What Republicans are really doing is using their leverage, and the implicit threat of default, to accomplish a separate, longstanding GOP policy goal: Force the government to roll back discretionary spending. In this case,

McCarthy wants 2024 baseline spending to be rolled back to its 2022 level. Yet he also insists that defense spending — which makes up more than 30% of the total — be insulated from any cuts. This means everything else would need to be slashed even further to get the overall number back to 2022 levels.

https://www.cnbc.com/2023/05/25/debt-ceiling-news-demands-republicans-are-making.html

-------------------------------------------------------------------------------------------

The following items were also on the Freedom Caucus's wish list:

Repeal the electric vehicle tax credits at the center of Biden's renewable energy agenda, which were passed last year in the Inflation Reduction Act, or IRA.

Repeal $80 billion in additional Internal Revenue Service funding, also part of the IRA.

Overturn Biden's executive action to forgive approximately $315 billion worth of student loan debt.

Enact the REINS Act, which would require regulatory agencies such as the Federal Trade Commission and the Environmental Protection Agency to get congressional approval before they could issue major rules.

https://www.cnbc.com/2023/05/25/debt-ceiling-news-demands-republicans-are-making.html

[captain queeg]

21. Clawing back the IRS sounds a little troubling

I know they were supposed to get a bunch of new agents after trump era cuts. I’m all for more agents if they focus on investigating rich peoples taxes.

[Mr.Bill]

26. from what I have heard they are only clawing back a small percentage.

That was a ten year program, so plenty of time to fix it.

[Deminpenn]

53. The IRS isn't giving back any appropriated money

They'll be spending their appropriation as quickly as possible so there won't be anything to be clawed back.

[Demsrule86]

59. it is like 10%...it is nothing. We got most of it.

[Mr.Bill]

27. What is huge is not having to go through this bullshit

again before the next election. The republicans were drooling about fucking us over with that. If we win big in '24 all of this can be fixed.

[AZSkiffyGeek]

30. Yes

One of their demands was the extension was only for a year and we go through this again during the campaign.

[Demsrule86]

60. Honestly, there is not a great deal to fix...some of this stuff sunsets...the SNAP stuff I think.

[Mr.Bill]

67. Good point.

[liberalmediaaddict]

70. Agree 110%

The 2 year extension is huge. Plus not having to worry about a government shutdown in the fall.

Never underestimate President Biden and his team. They are pros. McCarthy and his MAGA morons are amateurs.

[gab13by13]

31. Make no mistake,

considering the situation we are in, this deal was a huge win for President Biden and the American people.

The Magat caucus is working right now to blow everything up.

[Demsrule86]

61. Absolutely correct and I just pray it passes...

[PlutosHeart]

32. So did we just kiss the

Boundary Waters, national forests in Northern MN goodbye and allow the pipeline through Lake Superior now?

Asking cuz I give a shat.

[gab13by13]

36. I know that one of McCarthy's chief negotiators

was an oil and gas whore.

[WhiskeyGrinder]

40. lol wow

[WarGamer]

41. of course it increased the DoD budget...

fucking warmongers.

[walkingman]

49. Right, so instead of investigating the graft by the defense contractors give them more.

It happens every time. Every dollar we spend on the war machine it comes at the expense of the American citizen.

War - good god y'all...what is it good for?

[WarGamer]

51. The grift is unreal...

The F35/22 are already obsolete.

Next gen fighters will all be unmanned. No pesky human pilots who can't handle high g's.

Top shelf F-16's would have carried us over perfectly into the next gen.

Navy Littoral ships...

Billions, hundreds of billions... wasted.

[lapucelle]

82. It would be great to get rid of the Lockheed-Martin F-35 $1,500,000,000,000 military boondoggle. N/T

[Mr.Bill]

68. Face it, it's America's

#1 jobs program. I wish our #1 jobs program was health care or education, but this is how we are built for now.

[InAbLuEsTaTe]

43. How is this a good deal?!

[Demsrule86]

62. Not much was changed...honestly and we have budget until after the election...they

can't shut the government down and demand more...It is a good deal. It is a compromise. I think Biden did a good job...now we just have to pass it.

[keep_left]

64. Hopefully, Biden and his team have already done the math...

...when it comes to votes. I would be surprised if they haven't. Certainly, not a single MAGA chud will vote for this, but that's not a terribly brilliant insight on my part. I'm guessing that Biden knows that there are just enough moderate Republicans that will vote with the Democrats, and there are very few Democrats who will vote against this because of the reality of what happens if we don't get a deal.

[BannonsLiver]

71. The people whining about it have always looked for any opportunity to take shots at Biden.

So no surprise they’re whining tonight.

[betsuni]

72. +1

[DemocraticPatriot]

76. "DEAL" ??? Sounds more like

the Democrats selling out their base--- for the sake of saving the economy.

Will Democratic voters appreciate that?

This one is not very happy, if this thing turns out as expected...


Will I still vote? Of course!
Will I work for the ticket ?

Probably I will be more busy just trying to survive...

[lapucelle]

79. Which component of the budget deal will make you more busy just trying to survive? N/T

[Demsrule86]

83. Not as busy as you would be in a wrecked economy and a great depression.

[moondust]

78. Watch what they do, not what they say.

Just a word of caution to read very closely anything the GQP puts in writing to make sure it is what they have agreed to. Would they change the text in their favor and then hold out until the deadline so there isn't time to read it? Maybe.

[lapucelle]

81. All members will have 72 hours to read the bill. N/T