Saturday, February 18, 2023

Raising The Nations Debt Ceiling: The Democratic Party Has The Best Negotiation Position Now, In The Past and For The Future. The GOP Only Has Its Failed Rhetoric.

The Republican controlled U.S. House is playing a "game" with raising the nation's debt ceiling in lieu of having a policy.  It's their "game" of federal spending when democrats control the White House, but have a big problem because they cannot walk their own talk regarding federal spending and creating debt.  They want a commitment from President Biden to reduce federal spending for their vote to raise the debt ceiling.

But the President said no deal, the debt limit needs to be raised so the federal government can pay the bills due and those already passed by congress.  He wants a clean bill just like it should be and has been done in the past.  Biden knows past GOP administrations have raised the debt ceiling with no such promises of reducing spending even though they had a chance to do so recently under President Trump for 4 years.

Democratic administrations are far ahead of GOP administrations on the issue of reduced federal spending and reducing deficit spending so "they" can control the debate on the subject and not the GOP.  President Biden's first fiscal year budget that ended 9/30/22, federal spending was down 8% from Trump and the GOP's last fiscal year budget that ended 9/30/21 and was even lower than Trump's third fiscal year budget.  Deficit spending was also down over 50% from Trump's last deficit in in fiscal 9/30/21.  During Trump's 4 fiscal years federal spending increased 41% over President Obama's last 4 fiscal years.  Federal spending under President Obama's 8 fiscal years was up only 25%.

During the 8 fiscal years of Reagan federal spending exploded and was up 75%.  Federal spending under the 4 fiscal years of President Geroge H.W. Bush increased 51%.  Federal spending under the 8 fiscal years of Bill Clinton increased 28%.  It increased an even 14% in each of his terms.  So, it is the democratic party that hold the upper hand when it comes to reducing federal spending.  The GOP is not even close because they have failed big time to control their own party's big spending problems.  Their spending, deficits and tax cuts for the wealthy and corporate America is responsible for 65% of the national debt that took place between President Carter's last fiscal year and President Trump's final fiscal year that ended 9/30/21.

So, my fellow Americans, it is the democratic administrations that has the best negotiation position for reducing federal spending.  They have been there, done that and walked the talk.  They proved it is not a "game" and governing is about policy and plans, not ideology and children's "games."  Unfortunately,  the media has enabled the GOP to play their children's "games" and not challenge their rhetoric of misinformation.

PolitiDose has exposed those "games" for the past 9 years in political commentary.

This commentary written by Joe Lorio