Thursday, June 1, 2023

The Debt Ceiling Bill passes House, what could be next



6/3/2023: Update on post of 6/1/23:



It looks like a fiasco for Chip Roy. Imagine, if you will, if Roy could have found just 5 Republicans, including himself, to refuse to vote for McCarthy as Speaker. The challenge to his leadership could have been made, and the only way McCarthy stays, is if a Democrat comes across to vote for him, or comes across the aisle to prevent his ouster.

A pitiful show, indeed. Not only for Roy, but also for the entire so-called Freedom Caucus and the GOP in general. Who really believes that such a cave in was really necessary, nor desirable? There is no emergency. It is yet another fear tactic being employed AGAINST the public. The Congress critters know better, but does the public? The public SHOULD know better, but may not.

A genuine effort could have employed to educate the public.  It isn't even going to be attempted.

Why make an agreement that has no teeth in it? It was a ridiculous effort. Looks like Failure Theater, and these acts are getting mighty stale.



 Original post of 6-1-23:



Over a considerable amount of opposition in his own party, Speaker McCarthy got the increase in the debt ceiling bill that he negotiated with the Democrats.

Those in the GOP who opposed the Debt Ceiling increase

The negotiated agreement ran afoul of some understandings given to the opponents to his leadership role back in January. McCarthy promised to hold the line on spending, but this falls short of his promise to hold it to 2022 levels. The new levels negotiated by McCarthy are at 2023 levels ( which were increased by the lame duck Congress after the 2022 election), plus an additional 1%.

Even with the opposition, the bill passed by approximately 2-1 margin in the GOP. It will have to get by the minority- -of-the-majority opposition, which could endanger his job.

Is Speaker McCarthy in trouble over Debt Ceiling deal?

McCarthy got the job as Speaker after a bit of negotiation in which he made concessions to his opponents. Amongst those concessions is a provision that the Speakers job could be challenged if he failed to live up to the terms of the deal. Now that he has violated this deal, the question is whether or not this will imperil his job. The GOP's majority hinges on the narrowest of majorities. Only 4 votes could be spared, possibly less, or McCarthy cannot gain a majority necessary to hold on to his job. This could usher in an entirely new contentious fight over the Speakership.

But what could happen to stop this bill now? That depends upon the opposition to it. Since the majority is so fragile, McCarthy may have to negotiate a new arrangement within his own caucus. If the opposition demands that this bill be killed, then McCarthy may have to back down. Then what? Without a deal, there could be another government shutdown. Shutdowns aren't new.

What would happen without bill before the deadline?

Basically, the big rush to pass a bill is to avoid such a confrontation. The only crisis in store is the crisis in leadership in the GOP. McCarthy got a bill through the House, but he didn't stick with his guns, and caved in to the Democrats. Was he really that afraid of another shutdown? He doesn't appear to be worried about his job. It could be a bluff, but the bluff could get called.

No comments: