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question everything

(47,538 posts)
Wed Sep 6, 2017, 11:20 PM Sep 2017

The Pelosi-Schumer-Trump Congress - (unhappy) WSJ editorial

(snip)

Part of the problem is that Congressional Republicans once again helped put themselves in this box. Congress can’t let the U.S. default on its debt, so the majority party has to raise the debt ceiling whether it likes it or not. The smart GOP play was to attach a long-term debt increase to some other must-pass legislation and get it over with. One and done.

In familiar self-defeating fashion, the usual House suspects refused, insisting that the debt ceiling get a stand-alone vote. House Freedom Caucus Chairman Mark Meadows and Republican Study Committee leader Mark Walker also claim to be miffed that the debt-limit increase won’t include spending cuts.

Yet most of these same Members won’t vote to raise the borrowing limit no matter what they’re offered. They find the actual work of governance beneath their dignity. Their mutiny means that Mr. Ryan lacked a GOP majority to raise the debt ceiling, which meant he had to go hat in hand to Mrs. Pelosi for Democratic votes. She and Mr. Schumer came up with their three-month gambit, which Mr. Ryan immediately labeled “ridiculous” and “unworkable,” only to be sandbagged by Mr. Trump.

This may all sound like inside baseball, but it’s politically relevant because it illustrates the Republican inability to govern. The Senate killed health-care reform. The House can’t pass a budget resolution that is essential for tax reform. Mr. Trump is sore that Republican leaders failed on health care, so he now undermines their fiscal strategy and all but hands the gavels to Democrats. Readers might take note and hold off on spending that tax cut.

https://www.wsj.com/articles/the-pelosi-schumer-trump-congress-1504738651

(googling the title sometimes helps reading the complete article)

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The Pelosi-Schumer-Trump Congress - (unhappy) WSJ editorial (Original Post) question everything Sep 2017 OP
good catch saidsimplesimon Sep 2017 #1

saidsimplesimon

(7,888 posts)
1. good catch
Wed Sep 6, 2017, 11:29 PM
Sep 2017

Another concern I have, related to consumer spending and investments in the market, several hedge fund and financial gurus have hinted about the potential for a "market correction" downward spiral. I am not an expert and would appreciate a thread from those in the know.

Readers might take note and hold off on spending that tax cut.
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