Page 17 - Borrowing Capacity News Today

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Short-term measure to once again kick the can down the road, keep the government funding going in the short-term. in the middle of the month, the debt ceiling is once again set to be hit, according to treasury secretary janet yellen. mitch mcconnell, the senate republican leader has said while he did allow some republican senators to vote for the debt ceiling increase the last time, he doesnt plan to do that again. he says democrats should have to do that all on their own. expect a flash point t...

Governments borrowing capacity. think about this for a second. this way republicans can run ads in 2022 midterm elections quoting some big sounding debt number that all the democrats voted in favor of, which is something, i guess. force the democrats to save the country from an economic catastrophe and then blame them for it. in any case, senate democratic leader chuck schumer is setting up a vote tomorrow afternoon on the debt ceiling. its not entirely clear what plan b is when republicans will...

Theres certainly good at it, or it could be that theyre trying to force the democrats to raise the debt ceiling, in a draw now byzantine way, that requires democrats to put a specific dollar figure, on the governments borrowing capacity. think about this for a second. this way republicans can run ads in 2022 midterm election, quoting some big sounding debt number. that all the democrats voted in favor of. which is, something i guess. force the democrats to save the country from an economic catas...

Specific dollar figure on the governments borrowing capacity. think about this for a second. this way republicans can run ads in 2022 midterm elections quoting some big sounding debt number that all the democrats voted in favor of, which is something, i guess. force the democrats to save the country from an economic catastrophe and then blame them for it. in any case, senate democratic leader chuck schumer is setting up a vote tomorrow afternoon on the debt ceiling. its not entirely clear what p...

Bipartisan coronavirus relief bills. the suspending of the debt ceiling was a bipartisan bill that came forward and that is what we ought to be doing here. but were not. the new administration, they passed a $1.9 trillion covid relief bill but only 9% of the money really went to covid relief and to health care. >> that is -- that stat is arguable, as you know. >> right now theyre talking about 3.5 additional trillion dollars of spending. not a single republican is going to vote for that. and the...

>> gianno: balanced budget amendment where is that. weve been talking about the budget and tax reform for a long time but no one is talking about where are we going to cut, how will we cut spending and balance our actual budget? >> dagen: jess? >> jessica: yeah i dont disagree. there are a lot of places we could be cutting and go back and get those chickens off the treadmills and we can start there. >> dagen: jonas? >> jonas: see i dont think theres any cuts to pay for all of this damage so we n...

And new jersey worn its been a frustrating process. >> its a nightmare, and its one of the worst loan programs in america, they national flood insurance program. >> that program is $25 billion in debt after hurricane katrina in 2005 and sandy in 2012. its less than $2 billion cash on hand with only $6 billion in borrowing capacity as it prepares for hurricane harvey recovery. congress must act to reauthorize it by october 1, and lawmakers are saying its time to fix flood insurance by creating re...

There is money in the till. >> its a scam. >> and -- and -- >> we dont have money. come on. adam, you cant count borrowed money as money? >> yes you can, charles. in fact, you can. >> its because the united states is the tallest midget in the world that we have right now unlimited borrowing capacity. thats how we pay for this stuff. >> i am not suggesting we spend foolishly. >> in the meantime, new food labels, the new you? dont count on it. .