They have worked out a deal on the debt ceiling.
Biden: One of the things that I heard some of you saying is why doesn't Biden say what a good deal it is? You think that's going to help get it passed? No. That's why you guys don't bargain very well. pic.twitter.com/q4xRKedQGy
— Acyn (@Acyn) May 29, 2023
Why this matters: strong evidence of long-term benefits from aid to low-income households with children. Slashing that aid would have been tragic and stupid. Apparently avoided 2/ https://t.co/a2tAAv5yID
— Paul Krugman (@paulkrugman) May 28, 2023
“At the end of the day, the hero of this story is going to be Shalanda for showing her olders and betters how the game is played,” @capitalalpha’s James Lucier says. https://t.co/1VFdL8TA3u
— Akayla Gardner (@gardnerakayla) May 29, 2023
This debt ceiling deal is a bfd
I know it
You know it
The GOP sure knows it and is as mad as hell
The deal protects all the hard won economic and climate progress of the past 2 years
AND prevents another showdown for another 2 years
That matters pic.twitter.com/dEYpJCgJhX
— Qondi (@QondiNtini) May 29, 2023
Not overlooked by me😒😒😒
One of the most overlooked facts of this deal, even though it’s literally called a debt ceiling deal, is we avoided a catastrophic economic recession
One that was about to be completely man made by MAGA Republicans
POTUS made sure poverty wouldn’t rise and jobs wouldn’t be lost https://t.co/mWYyHfldng
— Qondi (@QondiNtini) May 29, 2023
Summary of deal as I understand it:
— Debt ceiling raised 2 years
— Domestic programs frozen next year, up 1% ‘25. Inflation-adjusted cut
— Boosts defense, VA $
— Some tightening of work requirements on TANF, SNAP
— Energy permitting (details tbd)
— Claw back some new IRS $— Jeff Stein (@JStein_WaPo) May 28, 2023
A good bit of that is on the media refusing to explain the topic in any way other than he said/she said and Both Sidesing it. But it’s also the beginning of summer in an off-year, voters don’t even want to pay attention now, even if the explanation was compelling.
— Jason Karsh (@jkarsh) May 28, 2023
This dude is probably the best President of my lifetime…and I never thought I’d rank anybody over Barack Obama. But ya know, it’s kinda like choosing who the GOAT is between Kareem, MJ and LeBron. https://t.co/HtZGheXMze
— Kenny BooYah! 🖖🏾 (@KwikWarren) May 29, 2023
Like, objectively, this deal is a progressive win. We expanded SNAP, got permitting reform, got a debt ceiling increase for two fiscal years, more Ukraine aid, more VA funding – all for 1.9b in IRS spending and a truly stupendously high spending cap for 2024 alone-not even 2025.
— Galen Metzger🪬📈🇺🇦 (@GalenMetzger1) May 28, 2023
NEW: Shalanda Young’s pick as a key debt-limit negotiator speaks to a respect she’s gained on Capitol Hill and with President Biden, who’s famed for keeping a tight inner circle. https://t.co/1VFdL8TA3u
— Akayla Gardner (@gardnerakayla) May 29, 2023
Fedus Ex Machina? Was the Federal Reserve Holding the Debt Ceiling Cards all Along? https://t.co/PJP1Ux249c via @TPM
— Josh Marshall (@joshtpm) May 28, 2023
So now the "progressive" Democrats are threatening a debt default (Jayapal) because the don't agree with the economic cuts.
They are GOP operatives. Now the potential default will be the fault of Democrats. Republicans can use that against us till 2026-28. pic.twitter.com/MPfbuAX03Q
— NIKKINOW2 2.0 (@CundiffVanessa) May 28, 2023
This is about how it went
BWA HA HA HA AH AHA HA HA
https://twitter.com/GeorgeTakei/status/1662638014856589315
Kevin: We’re holding the economy hostage!
Joe: You won’t pull the trigger.
Kevin: I really don’t want to.
Joe: Sit down. We’ll do the budget like we normally do, just earlier.
Kevin: No new taxes!
Joe: You control the House. There would have been no new taxes anyway.
Kevin: Spending freeze! Joe: There would have been a spending freeze anyway.
Kevin: Okay.
Joe: Here’s a budget. It looks like what we’d arrive at later anyway, right?
Kevin: Right.
Joe: We good?
Kevin: Uh, yes? I may need help getting it passed. My people hate me.
Joe: We understand. Hey, Hakeem, can you help Kevin out?
Really liked this response at another blog:
Kent
MAY 30, 2023 AT 11:01 PM
They are REALLY bad at actual politicking, especially against an old experience hand like Biden.
The Debt Ceiling deal was really a HUGE UNFORCED error by the House GOP. They owned the House already and we all cued up to negotiate some kind of serious budget deal in the fall since the 2024 and beyond budgets have to come through the House anyway. So Democrats were going to have to deal with them at some point and negotiate some sort of budget compromise.
By tying EVERYTHING to the hard Armageddon deadline of the Debt Ceiling they were forced to take whatever broad deal they could get in a week or so with only leadership doing the negotiating. They had zero chance to take a hatchet to the specific agency funding that they hated like the EPA while preserving stuff they wanted like farm supports and flood insurance for the MAGA hordes with beachfront property in Florida and the Gulf Coast. Because all that sort of thing happens at the committee level which they bypassed by going straight to Biden for “negotiations”
So they got a few nickel and dime things, and the sort of broad spending moratorium they were going get anyway in the fall by threatening government shutdown. And now the parameters of the Federal budget are more or less fixed for the next two years.
Honest to God, Biden may be the best Democratic politician we have had since FDR. And no one seems to actually realize it.
Oh well.😒😒😒🙄🙄
Ron Filipkowski (@RonFilipkowski) tweeted at 8:20 AM on Mon, May 29, 2023:
The guy who set up the Ashli Babbitt fund reportedly stole all the money. https://t.co/emAsUe5s0h
(https://twitter.com/RonFilipkowski/status/1663173576134893571?s=02
One born every minute😒😒🙄🙄
Ron Filipkowski (@RonFilipkowski) tweeted at 0:56 PM on Mon, May 29, 2023:
I’ve been following this for a while from the people directly and others. They also got swindled out of the proceeds from the ‘J6 Choir’ song with Trump.
(https://twitter.com/RonFilipkowski/status/1663242889013633024?s=02)
The Biden Accomplishments Guy™ (@What46HasDone) tweeted at 11:45 AM on Sun, May 28, 2023:
I mean it’s pretty good that we went from “Biden will massively cave” to “what was the point exactly?” in the course of like a week.
(https://twitter.com/What46HasDone/status/1662862575007047687?s=02)
Uh huh
Oh well😒😒🙄🙄
Josh Marshall (@joshtpm) tweeted at 8:46 PM on Sat, May 27, 2023:
Keep in the back of your mind even if this deal goes through all house GOPers voted for crushing spending cuts in the House outline bill. That’s going to be a centerpiece of ads in 2024.
(https://twitter.com/joshtpm/status/1662636552504193026?s=02)
Acyn (@Acyn) tweeted at 2:30 PM on Mon, May 29, 2023:
Reporter: Will this get done by June 5th?
Biden: Yes
Reporter: No question?
Biden: You guys realize you’re not in the real world. There is no reason why it shouldn’t get done by the 5th.. https://t.co/Fg4nbybDeV
(https://twitter.com/Acyn/status/1663266636676120591?t=tHCdaMpGMz2ulgEOMMKQ1Q&s=03)
BECAUSE, you all are clowns.
Acyn (@Acyn) tweeted at 2:25 PM on Mon, May 29, 2023:
Reporter: What is the message to House Democrats that have reservations about this bill?
Biden: Talk to me.
Reporter: What would you tell them?
Biden: I’m not going to tell you
Reporter: Why not? https://t.co/QgAtbWxZi2
(https://twitter.com/Acyn/status/1663265360701796352?t=5i8c2uvBnKeuSa4P3jYJXg&s=03)
YEP
robert jackson bennett, pleasure craft (@robertjbennett) tweeted at 5:54 PM on Mon, May 29, 2023:
the really weird thing here is that paxton has almost no notable accomplishments or positions that couldn’t be duplicated by a replacement level republican. anyone could do his job. they are supporting him specifically to support incredibly transparent autocratic corruption
(https://twitter.com/robertjbennett/status/1663317894455783427?t=iDUeDrFe3QH9HeglQ9kYQg&s=03)
Greg Sargent (@ThePlumLineGS) tweeted at 8:29 AM on Fri, May 26, 2023:
A Democratic aide tells me that the real reason Dems are privately telling the White House that 80-100 votes are in doubt is to give Biden a way to get more in these talks. Republicans can’t go into these final negotiations taking these Dem votes for granted.
(https://twitter.com/ThePlumLineGS/status/1662088576341794816?t=6Wy8ztlzTdzAIydtFEhT6w&s=03)
Hope Restored In DFW (@Kennymack1971) tweeted at 9:35 AM on Fri, May 26, 2023:
Let the MAGA Caucus have their “win” so we can move on to getting these jokes off on these failing GOP POTUS campaign launches… https://t.co/pBzIfXW8xz
(https://twitter.com/Kennymack1971/status/1662105155259473920?t=X8wmhTgOjiAAq8I0XmSIxw&s=03)
preach
Crystal4Kamala – Proud Democrat (@crystal4obama) tweeted at 0:30 AM on Tue, May 30, 2023:
No. You work hard and they will still replace you at their convenience. Make the job/client pay you for overtime, etc. use your vacation. leave work on time. live below your means. Don’t accept the micro aggressions at work. As a Black Woman, protect your peace. Bless.
(https://twitter.com/crystal4obama/status/1663417532710256640?t=LoBDEChIlWEXXKYmlr5N3g&s=03)
David Rothkopf (@djrothkopf) tweeted at 10:04 AM on Mon, May 29, 2023:
Bernard Schwartz and I wrote this on Friday. The events of this weekend certainly seem to bear out its core points. FYI, in case you missed it then: Joe Biden Is the Master Deal Maker America Needs Right Now https://t.co/M0kKy9OOiN via @thedailybeast
(https://twitter.com/djrothkopf/status/1663199732364091393?t=WMB17YoCAu0zniK3sfzT5Q&s=03)
NeeraTanden46 (@NeeraTanden46) tweeted at 6:25 AM on Tue, May 30, 2023:
I’d like to thank @AmbRice46 for her amazing leadership of the Domestic Policy Council. She assembled a tremendous team. I’m looking forward to serving the President in this role and making progress on behalf of the American people. Lots to do and great to get started!
(https://twitter.com/NeeraTanden46/status/1663506843929399296?t=1EkxNv2wcwzly_WtZmpqFA&s=03)
That fake azz ‘moderate’ who is the current incarnation of Susan Collins
Portia ♍️ 🐳McGonagal portiamcgonagal1619 on Insta (@PortiaMcGonagal) tweeted at 10:40 AM on Tue, May 30, 2023:
So what you’re saying, Nance, is that your feckless Speaker is so bad at his job that he couldn’t get over on someone you view as not up to the task. And you think this makes you and the GOP look good? You tried to sell POTUS as incapable, yet he beat you like a dusty rug. https://t.co/mpnbpisqO3
(https://twitter.com/PortiaMcGonagal/status/1663571031796379650?t=JXQYI25uFJPmAUj_HupF2g&s=03)
Portia ♍️ 🐳McGonagal portiamcgonagal1619 on Insta (@PortiaMcGonagal) tweeted at 9:23 AM on Tue, May 30, 2023:
Facts. The media wants this “death match”. We’ve seen their lust since 2015 w/out regard or accountability for the damage they do.
“Ron DeSantis wants to “make America Florida”: That’s a dire threat”
https://t.co/Z9ixLH0CXS
(https://twitter.com/PortiaMcGonagal/status/1663551704225419265?t=L7AAOOFkVNwqqaTyzZtkrg&s=03)
David Darmofal (@david_darmofal) tweeted at 7:48 AM on Tue, May 30, 2023:
Support among Black voters, who determine the nomination, if Biden didn’t run. Prominent Never Trump Republicans refuse to accept this.
Harris 45%
Clinton 15%
Sanders 9%
Newsom 6%
Abrams & Kennedy 5%
AOC & Warren 3%
Klobuchar & Pritzker 2%
Buttigieg 1%
https://t.co/EhrNyiZPTT
(https://twitter.com/david_darmofal/status/1663527899067039746?t=T7DXweCmYBJ3Trf3tiFsSw&s=03)
About the Vice President
David Darmofal (@david_darmofal) tweeted at 0:48 PM on Tue, May 30, 2023:
It’s time to start being blunt: her biggest critics among pundits and in the media seem not to see the girls she inspires every day.
(https://twitter.com/david_darmofal/status/1663603217454776322?t=ktHncgGr2KaBhsmjZsQqhQ&s=03)
David Darmofal (@david_darmofal) tweeted at 10:40 AM on Tue, May 30, 2023:
Anyway, the Never Trump Republicans like Kristol, Will, Stephens, Longwell, etc. who claim to be so opposed to authoritarianism & so committed to democracy can decide whether they’ll vote for Trump or a ticket that includes VP Harris.
(https://twitter.com/david_darmofal/status/1663571038075060226?t=lIt41hwPkSsk2CpFbd2mrQ&s=03)
David Darmofal (@david_darmofal) tweeted at 8:00 AM on Tue, May 30, 2023:
Why does Bill Kristol, the guy who advocated for total Republican opposition to the Clinton health care plan & was arguably the biggest cheerleader for the Iraq War think Democrats are interested in his takes on who should be the Democratic nominee?
(https://twitter.com/david_darmofal/status/1663530749650190336?t=UWcUITpu_DbNe-LYI4r7Kw&s=03)
David Darmofal (@david_darmofal) tweeted at 7:57 AM on Tue, May 30, 2023:
Maybe one reason that Never Trump Republicans lost their party is that they don’t really see the diverse U.S. electorate. They have a very white-centric conception of politics.
(https://twitter.com/david_darmofal/status/1663530185390448642?t=8YhrJTxb24TMEe-w3Uwlzg&s=03)
darlene superville (@dsupervilleap) tweeted at 7:09 AM on Tue, May 30, 2023:
.@POTUS and @FLOTUS are attending a memorial mass for Beau Biden at St. Joseph on the Brandywine Church.
Today marks 8 years since Beau Biden died of brain cancer in 2015 at age 46.
(https://twitter.com/dsupervilleap/status/1663518082340384770?t=AjpDOULWqf2Gjfr0tsrFXg&s=03)
The Washington Post (@washingtonpost) tweeted at 6:39 PM on Mon, May 29, 2023:
Texas Republicans wound down their regular legislative session Sunday by changing election policies for a single populous Democratic stronghold but not other parts of the state. https://t.co/jFXgXmYFoF
(https://twitter.com/washingtonpost/status/1663329326995996674?t=TN8ttd7WSNNod3MCu6fAtA&s=03)
Jennifer Jacobs (@JenniferJJacobs) tweeted at 6:45 AM on Tue, May 30, 2023:
Democrats have a chance to send more Black women to US Senate in 2024 than have ever served in its 234-year history—openings in Maryland, Delaware, California have created a rare trifecta and a Black woman is a top contender in each, @allymutnick reports https://t.co/Ky1WHy2ZX3
(https://twitter.com/JenniferJJacobs/status/1663511824451469312?t=mLRka9H3GZc9PQ4TZPbEzw&s=03)
Students Demand Action (@StudentsDemand) tweeted at 4:44 PM on Thu, May 25, 2023:
“They’re scared of our votes, and quite frankly, they should be. Our generation refuses to accept that this is how we must live.”
Kyle, a @StudentsDemand leader, called out the gun lobby’s attempts to suppress our votes for gun safety in @DemocracyDocket. https://t.co/BjVjMBlxAE
(https://twitter.com/StudentsDemand/status/1661850826355232769?t=yTGN9KeMgtzWM0zKIuBZlA&s=03)
Lesley Abravanel 🪩 (@lesleyabravanel) tweeted at 8:17 AM on Thu, May 25, 2023:
Ron DeSantis is Not a Competent Governor: Republicans looking for a Donald Trump who can get things done will find the Floridian is just another performative pol who picks fights and doesn’t understand public policy. #DeSaster https://t.co/RVHHIl2Zag
(https://twitter.com/lesleyabravanel/status/1661723051740876802?t=WzIP5p1_dB-1EzU-h65CWg&s=03)
Olivia Julianna 🗳 (@0liviajulianna) tweeted at 9:33 PM on Mon, May 29, 2023:
To those of you saying I should be more respectful or that I’m being arrogant— when you’re a Latin woman, you’re very quick to see peoples unfair, unwarranted, or biased opinions come out. These older pundits, white men in particular, are VERY disrespectful and dismissive.
(https://twitter.com/0liviajulianna/status/1663373099415240705?t=fViEKroDaY69kkBmbCWSfg&s=03)
😞😞🥺🥺😢
Dean Barker (@deanbarker) tweeted at 6:45 PM on Mon, May 29, 2023:
The 80s music you grew up on and love, Gen-Xer, is as old today as Big Band music of the 40s was in the 80s.
🙃🙃🙃
https://t.co/JYO9reqHv3
(https://twitter.com/deanbarker/status/1663330716128628736?t=roAUNAv5shzrLklVvMg0DA&s=03)
Annie Linskey (@AnnieLinskey) tweeted at 6:15 PM on Mon, May 29, 2023:
IN BOX: The Heritage Foundation comes out against the debt ceiling deal — calls for members to return to the negotiating table. https://t.co/cbvD9ZTDZw
(https://twitter.com/AnnieLinskey/status/1663323109640871937?t=m2xECA5PQrSAJnUUpkIGfQ&s=03)
David Darmofal (@david_darmofal) tweeted at 6:01 PM on Mon, May 29, 2023:
Bill Kristol has been all about foreign policy above all else. But here he is supporting a 1+ term Governor with absolutely zero foreign policy experience or expertise over a VP who’s served on the Intelligence Committee & has foreign policy experience & expertise. So telling.
(https://twitter.com/david_darmofal/status/1663319614535639042?t=l7vtZKj6vZnbbvxj8ybHNw&s=03)
David Darmofal (@david_darmofal) tweeted at 5:59 PM on Mon, May 29, 2023:
The Never Trump Republicans’ hostility toward the VP is so incredibly telling. Historically, they’ve prioritized foreign policy above all else. She’s the bulwark against the foreign policy of the far left that they hate. But they seem to hate her more. Why?
(https://twitter.com/david_darmofal/status/1663319208438931458?t=pZ3ZmLpzfHwAYhKZO-pezA&s=03)
Owning My Space✨ (@JuneSummer1) tweeted at 4:59 PM on Mon, May 29, 2023:
Regardless of the reasons rw, never trumpers and misogynoir types dislike Kamala Harris, their efforts to dismiss this phenomenal woman will be in vain.
She is exactly what this moment calls for. A leader to stand with President Biden to save democracy. https://t.co/414jBMTQPr
(https://twitter.com/JuneSummer1/status/1663304007136448512?t=6VMMsRzIEdbUf0yupxBKMw&s=03)
David Darmofal (@david_darmofal) tweeted at 3:36 PM on Mon, May 29, 2023:
I don’t spend much time on Stancil, but I saw this & this is wrong. Warren was never close to winning the nomination because Warren was never supported by Black voters, who decide the nomination, nor did she ever have a realistic strategy for getting Black voters’ support. https://t.co/4Sb9sSz6vf
(https://twitter.com/david_darmofal/status/1663283310741659648?t=vTw5KQgrLkRznGqUW3ko1A&s=03)
David Darmofal (@david_darmofal) tweeted at 3:59 PM on Mon, May 29, 2023:
with Black voters & instead relied on surrogates. Second, Iowa fit her very well as a state & she finished in 3rd place there. By the time she finished in 4th place in her neighboring state of NH, her candidacy was running on fumes. Staying in the race well beyond when…2/
(https://twitter.com/david_darmofal/status/1663289098621054982?t=eJn7TqvBkqQ0aSCdIvUnfw&s=03)
David Darmofal (@david_darmofal) tweeted at 3:20 PM on Mon, May 29, 2023:
The sad thing is there are some people, both Republicans and Democrats, who want the first woman President to be a white woman, not a Black woman.
(https://twitter.com/david_darmofal/status/1663279125820219393?t=sgQ0EcGYfn6KsM6te0DUzQ&s=03)
David Darmofal (@david_darmofal) tweeted at 3:05 PM on Mon, May 29, 2023:
The last six Democratic VPs: Johnson, Humphrey, Mondale, Gore, Biden, Harris. The first 5 all eventually became the party’s presidential nominee. Sorry, Never Trump Republicans, the same’s going to happen with the 6th & you’d know this if you understood the Democratic Party. 1/
(https://twitter.com/david_darmofal/status/1663275381380530191?t=tWsH-oehMsaO2_TQ5nKGEQ&s=03)
David Darmofal (@david_darmofal) tweeted at 1:58 PM on Mon, May 29, 2023:
There’s an anti-Blackness and a centering whiteness in the writing of many Never Trump Republican columnists.
(https://twitter.com/david_darmofal/status/1663258549563080713?t=56scn5MKGuPKOquOpqHjMA&s=03)
Owning My Space✨ (@JuneSummer1) tweeted at 0:10 PM on Mon, May 29, 2023:
And throwing in @GovWesMoore as the obligatory “Black” veep to cover your racism against the VP, is lost on none of us.
I guess y’all moved on from using Stacey Abrams. Who’s next, Sen Warnock?
These games are exhausting. 🙄
(https://twitter.com/JuneSummer1/status/1663231331135008768?t=z4hcZJHpr78Z68YUHmfHOA&s=03)
David Darmofal (@david_darmofal) tweeted at 11:23 AM on Mon, May 29, 2023:
Kristol still wants to boot VP Harris off the ticket in 2024. Everyone should ignore him just like they should have ignored him on pretty much every issue he’s ever spoken on.
(https://twitter.com/david_darmofal/status/1663219401234038791?t=36x2RaXFjC-ax6jl94eY7Q&s=03)
🙏🏽🙏🏽🙏🏽🥺🥺😞😢
The Carter Center (@CarterCenter) tweeted at 0:00 PM on Tue, May 30, 2023:
The Carter family is sharing that former First Lady Rosalynn Carter has dementia. She continues to live happily at home with her husband, enjoying spring in Plains and visits with loved ones.
Full statement: https://t.co/FrpcYhPwn4 https://t.co/Ng4mnAZiPS
(https://twitter.com/CarterCenter/status/1663591111451869201?t=W-f42BQ2oh9dxaw-mNqMCg&s=03)
GOOD EXPLANATION FROM ANOTHER BLOG:
RevRick
MAY 30, 2023 AT 7:13 AM
While it seems likely that we’re going to get past the craziness of the debt ceiling nonsense, we need to think about the craziness of all the pearl-clutching hysteria over our national debt, in the first place.
You see, U.S. Treasuries are the gold standard of the financial world. Literally, they are as good as gold. Everything in the global financial system is benchmarked against them. But before we even consider that, we need to ask ourselves who owns the debt? Because that debt is somebody’s asset.
In 75% of the case, we do. Treasury bonds are the foundation of our banks, insurance companies, institutional investors like Fidelity and our pensions and 401ks. In fact, by law, they are required to hold a certain percentage of fixed rate assets in the safest instruments, which are U.S. T-bills. Paying off the debt would a). amount to shifting $s from one pocket to the other; and b). greatly complicate investment decisions.
The other25% is held by foreign companies and nations, who eagerly gobble them up. And, since the current ten-year yield on T-bills is 3.754%, they are effectively paying us to hold their money. Because T-bills are the world’s gold standard and lubricate the world’s economy. The last thing these nations and companies want is to have dollars shoved down their throats. Except maybe in Ecuador, Lebanon, and Zimbabwe, where dollars are replacing their own currencies.
Now, according to classical economics, the debt we should be concerned with is our foreign trade deficit, that we purchase more goods and services from the rest of the world in imports than we sell in exports. At some point, this is supposed to be brought into balance. Because when it doesn’t, bad things are supposed to happen, like the crises that hit Mexico, Argentina, Russia, Thailand and that chronically afflicts much of Africa. But not with us!
Since 1980, we’ve run a chronic deficit. It’s like you and I walking into the supermarket with $100 and leaving with $106 worth of food and groceries and the store saying, “Okay, we’re good!”
And why are we getting away with this theft?
Because our debt is the rest of the world’s gold.
Good Morning, Everyone😊😊😊