Although it seemed as if an agreement would take some time to become reality, President Joe Biden and House Speaker Kevin McCarthy came together and came...
Re: “In debt ceiling deal, Biden’s the big winner — Compromise will help avoid recession, despite tantrums from both extremes,” by Carl P. Leubsdorf, June 2 Opinion.
Republicans instead got increased defense spending, less money for the IRS, no rollback on Trump tax breaks and a badly needed natural gas pipeline.Once again the radical, right-wing Republicans are deemed “conservative,” this time by Leubsdorf.Kenneth Peck, Farmers BranchOn June 1, with an affirmative vote in the Senate, the great debt-ceiling drama ended. The self-induced angst ended as everyone wanted it to end, and everyone hoped it would ultimately end, with the debt ceiling being raised.
What is also clear, is that Biden’s political acumen and extensive experience in dealing with Congress got the job done., Biden is the one who actually knows how to get a deal over the finish line and doesn’t even feel the need to spike the ball!President Joe Biden and House Speaker Kevin McCarthy’s debt ceiling agreement will protect the economy and eliminate the threat of a catastrophic default. I support this bipartisan agreement.
Also, consider that without the funds to do lengthy investigations against the wealthy and corporations and their cadre of lawyers, the IRS will be left only with resources to go after individuals and small businesses.One question in all the back-and-forth on the debt ceiling deal: Why don’t Republicans want the IRS to collect the taxes due based on the laws they passed? If you don’t want to raise taxes, it seems you would want to collect all that is owed.
At the current rate, our interest payments will become the largest federal government line item by mid-century. We need adult leaders on both sides of the aisle who can make small cuts now in order to avoid the looming crises facing future generations of Americans. Apparently, this looming crisis does not seem to bother Allred.I believe that the federal debt crisis was manufactured by the Republicans in Congress to coerce passage of legislation that otherwise would not pass.
Instead of making up a crisis, Congress needs to do its day job by matching new obligations with revenue increases or reducing expenses. It should not govern by threat.With apologies to Alan Jay Lerner and Frederick Loewe, I submit these words as a tribute to “My Fair President.”
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