Timeline for Isn't 50 +1 not enough to increase the debt ceiling and avoid a government shutdown
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
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| Sep 29, 2021 at 21:44 | comment | added | sharur | @Asleepace: Short answer (a better answer to the question would be too long for comments): we can increase our debt, because people are willing to buy/hold our debt. The debt limit is a legal barrier imposed by congress, so they can raise, suspend or do away with it at any time. | |
| Sep 29, 2021 at 19:02 | comment | added | Asleepace | @RickSmith ah makes sense (not that any of this makes sense tbh), not sure how we can just increasing our debt, but I suppose that's a whole other topic altogether... | |
| Sep 29, 2021 at 18:56 | comment | added | Rick Smith | @Asleepace - Technically, yes. As a practical matter, at this point, no. cbsnews.com/news/… discusses this. "But Schumer rejected the idea on Tuesday, saying "going through reconciliation is risky to the country and is a nonstarter." He described the process of using reconciliation to address the debt limit as long, convoluted and difficult, noting that it "ping-pongs" between the House and the Senate and can't be done by just adding an amendment." | |
| Sep 29, 2021 at 18:55 | comment | added | erask | Downvote explanation: this is true, but given that reconciliation is an alternative means Democrats could use to raise the ceiling, it is incomplete and thus misleading. | |
| Sep 29, 2021 at 18:39 | comment | added | Asleepace | Couldn't Democrats use the reconciliation path to circumvent this issue? | |
| Sep 29, 2021 at 14:29 | vote | accept | Node.JS | ||
| Sep 29, 2021 at 12:07 | history | answered | Rick Smith | CC BY-SA 4.0 |