Around 9pm on Saturday, after President Biden and Speaker McCarthy held a 90 minute telephonic “summit” to break the logjam between Congressional and White House negotiators, they emerged with a tentative budget and debt limit deal. The world breathed a sigh of relief.
Sure they hate the compromise but their choices are pretty limited now. Their megadonors will have had their say this weekend, and this close to default it won’t be “hold firm” because they’re too close to losing their gajillions.
We’ve said it before and I’ll say it again too, no one is more qualified and experienced to negotiate this trainwreck than Joe Biden. Right down to the wire. Who’s hostage now?
Thanks for a concise and insightful analysis, Jay. The GOP is playing with fire and there are sure to be theatrics to come. Bottom line, Team Joe has the upper hand and will get it over the line.
I just watched the glad handing press conference where they praised a "strong leader" McCarthy over and over. It made me giggle. Insecure much? The party that claims to be fiscally responsible (unless it's passing unpaid for tax cuts for their buddies every chance they get) are suddenly grievously offended when the bill comes due and claim that there isn't enough money. Such hypocrisy.
Do you think we can get 60 in the Senate? I know McConnell said there would be no default but I trust him exactly as far as I could throw him (not far)!
Thank you for the detailed explanation and especially for explaining that it is the BUDGET negotiation. Nearly everything else I’ve seen calls it the debt ceiling negotiation with no mention of the budget.
I’ve been hoping that it was the actual budget deal being worked, and not surprised that the media got it wrong (and the Dem’s messaging failed once again).
The way you’ve described the deal, it sounds like Biden did a masterful job.
I wonder if McCarthy is counting on some Dems to save his Speakership. Could that be a strategy to let the fascists know that political terrorism is a nonstarter in a democracy?
Thank you for the concise analysis and summation here.
The Petulant Left is up in arms about this, yelling about the 14th ammendment and other fantasies. One of those also being that Biden shouldn't have negotiated at all. Ridiculous.
What they and so many others keep forgetting: this would not be happening had Dems kept the House. That's it, the end.
Every day that maga Republicans are livid, is a good day for the rest of us. We need the Progressives to not tank this. They can get rather pissy sometimes when they don't get every single thing on their list. Thank you for the insight.
I believe that McCarthy has assurances from Biden that he'll keep his Speakers position.
Biden got a good deal negotiating (as usual), and McCarthy is saying 'nice' things about Biden. The chaoes is over and I agree. Lets go back to (crazies) normal.
Sure they hate the compromise but their choices are pretty limited now. Their megadonors will have had their say this weekend, and this close to default it won’t be “hold firm” because they’re too close to losing their gajillions.
We’ve said it before and I’ll say it again too, no one is more qualified and experienced to negotiate this trainwreck than Joe Biden. Right down to the wire. Who’s hostage now?
Thank you so much for explaining things the way you do, and interpreting what is happening to our country. I don't even listen to news media anymore
The fact that this not only resolves the debt ceiling, but the budget, through the end of Biden's first term is huge.
I am disabled and what the GQP were proposing terrified me to my very core.
Thank you.
Thank you for always writing with clarity.
I can breathe again. ♥️
Thanks for a concise and insightful analysis, Jay. The GOP is playing with fire and there are sure to be theatrics to come. Bottom line, Team Joe has the upper hand and will get it over the line.
I just watched the glad handing press conference where they praised a "strong leader" McCarthy over and over. It made me giggle. Insecure much? The party that claims to be fiscally responsible (unless it's passing unpaid for tax cuts for their buddies every chance they get) are suddenly grievously offended when the bill comes due and claim that there isn't enough money. Such hypocrisy.
Nice summation.
No way those House Hyenas just go gentle though. Dig in for some cacophonous Lord of the Flies on spiced meth type stuff.
I am a bit perturbed about the IRS funding. The deficit reduction depended on it.
Do you think we can get 60 in the Senate? I know McConnell said there would be no default but I trust him exactly as far as I could throw him (not far)!
Thank you for the detailed explanation and especially for explaining that it is the BUDGET negotiation. Nearly everything else I’ve seen calls it the debt ceiling negotiation with no mention of the budget.
I’ve been hoping that it was the actual budget deal being worked, and not surprised that the media got it wrong (and the Dem’s messaging failed once again).
The way you’ve described the deal, it sounds like Biden did a masterful job.
I wonder if McCarthy is counting on some Dems to save his Speakership. Could that be a strategy to let the fascists know that political terrorism is a nonstarter in a democracy?
"You know, normal crazy GOP kind of stuff. The kind that doesn’t have a bomb attached to it."
- Thanks, I think I just threw up in my mouth a little.
Thank you for the concise analysis and summation here.
The Petulant Left is up in arms about this, yelling about the 14th ammendment and other fantasies. One of those also being that Biden shouldn't have negotiated at all. Ridiculous.
What they and so many others keep forgetting: this would not be happening had Dems kept the House. That's it, the end.
Hopeful! And once again, this is no way to run a country. Bleh.
Every day that maga Republicans are livid, is a good day for the rest of us. We need the Progressives to not tank this. They can get rather pissy sometimes when they don't get every single thing on their list. Thank you for the insight.
I believe that McCarthy has assurances from Biden that he'll keep his Speakers position.
Biden got a good deal negotiating (as usual), and McCarthy is saying 'nice' things about Biden. The chaoes is over and I agree. Lets go back to (crazies) normal.