Old unscrupulous Senate Minority Leader Mitch McConnell (R-KY) has made a second-rate political gamble. His headless nihilistic Senate party has gone crashing through the night trying to terrorize the country. He gambled the entire nation’s credit rating and an entire world recession to make the Democrats look bad. Not only did hold his Senate hold firm with no votes on a bill to increase the country’s debt limit. He filibustered it. Why?
Grim said that he thought that the country’s debt limit should be passed. But he blocked the Democrats’ vote to avoid a government shutdown on Monday saying that it was the other party’s job to handle it. That forced a filibuster 60-vote which Grim plans to guarantee will not pass.
Make no mistake about it, this bill was to cover both Donald Trump’s Senate-approved expenses and President Joe Biden COVID-19 expenses.
Previously, Democrats approved the former White House bill whole-heartedly when the ex-president was in office. And when they handle this, too, McConnell will look bad, very bad indeed.
House Intelligence Committee Chair and Select January 6 Committee member Adam Schiff (D-CA) released a tweet clearly explaining McConnell’s “catastrophic” consequences should we face a government shutdown:
‘A government shutdown and default means: Millions of jobs lost Families pushed into poverty Our economy in a downturn A catastrophe. But Mitch McConnell, Kevin McCarthy, and Republicans have a different term for it: A win – at least in their craven brand of politics.’
The funding expires on September 30. Treasury Secretary Janet Yellen warned that America would have just 20 days until our government defaults. The House-approved stopgap bill would keep funding moving to the government through December 3, thus allowing the debt limit to be suspended through December 16, 2022.
In a recent Wall Street Journal op-ed, Yellen warned that should the U.S. default on our debt:
‘[A default] could trigger a spike in interest rates, a steep drop in stock prices and other financial turmoil.’
The reoccurring debt limit has outgrown its usefulness. Schumer had to take this tact, CNN reported:
‘After he voted to advance the bill, Senate Majority Leader Chuck Schumer switched his vote from a “yes” to a “no” so he could preserve his procedural ability to bring it up again.’
After the failed vote, Schumer promised “further action” this week to prevent a shutdown but did not outline a plan. He said:
‘Keeping the government open and preventing a default is vital to our country’s future and we’ll be taking further action to prevent this from happening this week.’
In a call President Joe Biden held with Schumer and House Speaker Nancy Pelosi (D-CA) on Monday, the readout read:
‘[They] discussed the work being done by Democrats to avoid a breach of the United States’ full faith and credit in the face of Republican obstruction and irresponsibility — GOP actions that show a lack of concern about our economic recovery.’
Schumer said this about the Republicans:
‘[A]fter today there will be no doubt about which party in this chamber is working to solve the problems that face our country, and which party is accelerating us towards unnecessary, avoidable disaster.’
‘Republicans argue that it’s not uncommon for the majority party to shoulder the burden for increasing the debt limit, a politically toxic vote for lawmakers up for reelection.’
‘Let me make it abundantly clear one more time: We will support a clean continuing resolution that will prevent a government shutdown … We will not provide Republican votes for raising the debt limit. Republicans are not rooting for a shutdown or a debt limit breach.’
Three White Lions podcast, Gloria Christie reads her week’s most important news/ commentary stories in the liberal online newspaper The Bipartisan Report. Gloria Christie Report her newsletter for people on the go. Written in her own unique style with a twist of humor in a briefer version of Bipartisan Report. Christie’s Mueller Report Adventures In Bite-Sizes a real-life compelling spy mystery. Find her here on Facebook.