The #DebtCeiling is stupid. Raising it pays for spending #Congress already authorized, not new spending.
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Refusing to raise the
#DebtCeiling is like telling your bank "I'm not making the minimum credit card payment, because I spend too much." 3/xShow this thread -
Traditionally, opposition politicians use the
#DebtCeiling to grandstand. Denounce the government for spending too much, raise it anyway 4/xShow this thread -
But under Obama, Republicans decided to use the
#DebtCeiling to win concessions. 5/xpic.twitter.com/6nA7fbfBwM
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Failing to raise the
#DebtCeiling = default, which damages America's credibility, and threatens the global economy that depends on it. 6/xShow this thread -
Prioritizing doesn't work. The US always makes its payments on time to everyone. Always. Failure to do that = default.
#DebtCeiling 7/xShow this thread -
Republicans don't want to default. But they decided threatening something no one wants could help them win concessions.
#DebtCeiling 8/xShow this thread -
Normal negotiations go like this: I want A. You want E. We meet somewhere between B and D. Then we're both happy. 9/x
#DebtCeilingShow this thread -
Default threats are a hostage negotiation: I want A. You want E. We agree Z is bad. But you threaten Z to get E, instead of B, C, or D. 10/x
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#DebtCeiling hostage negotiations are bad for the country. And the global economy. We should get rid of it. 11/xShow this thread -
To reduce spending,
#Congress should budget less future spending. Not use#DebtCeiling brinkmanship to default on old spending. 12/xShow this thread -
Instead of doing the old threaten-to-default, hostage-taking dance, Trump made a deal to bypass it.
#DebtCeiling 13/xShow this thread -
Aid for
#HurricaneHarvey should pass without hostage taking. America shouldn't default. The#DebtCeiling deal does both. 14/xShow this thread -
Yes, Congressional Republicans wanted to play games with the
#DebtCeiling. Yes, Trump's deal thwarts their strategy. But so what? 15/xShow this thread -
Risking default is bad for America. Trump didn't waste his time playing games with it. Just ripped off the bandaid.
#DebtCeiling 16/xShow this thread -
Now, Trump's talking about eliminating the
#DebtCeiling. Good. Decide spending during the budget process, not as a hostage negotiation. 17/xShow this thread -
Trump will take heat from Republicans for this
#DebtCeiling deal. But their strategy was bad for the country. Good riddance. 18/18 (END)pic.twitter.com/Zw1FYllzMT
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My son & I talked about this subject this evening. Totally agree, credit is due for the maneuver.
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He's saying...."I have tiny hands if you know what that means"
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It was also a great way to distract us & the news media from all of the fires & storms brewing, & I don't mean brush & hurricanes.
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