Dude, who even knows.
Post with 4 notes
Question: Whyyy didn’t Democrats repeal the debt limit when they had 60 Senators in 2009?
Answer: There exist figures closely involved in or exposed to financial markets whose favor and support is necessary to the institutional structure and continuation of the party as constituted since the collapse of labor unions who very strongly prefer that the amount of government debt issuance be held to caps known well in advance and requiring approval of some portion of the Republican Party even in periods of Democratic trifecta.
mourning-again-in-america reblogged this from kontextmaschine and added: Not wrong, but also after Ted Kennedy died, they'd have had a hard time cracking the whip on such a thing while also...
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youzicha said: that doesn’t make any sense. First, the debt limit is raised whenever it is reached so it doesn’t provide any cap, and second the amount of debt isssued is just spending - tax, so it is known in advance anyway just as part of the annual budget.
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kontextmaschine posted this Question: Whyyy didn't Democrats repeal the debt limit when they had 60 Senators in 2009?