Sometimes people say things that communicate more than they intend. This week, as part of his efforts to justify yet another increase, Senate Majority Leader Schumer noted Congress has previously raised the debt ceiling about 80 times. In other words, the debt limit has not done much limiting. Now, Republicans have found a use for the debt ceiling: stopping a $3.5 trillion spending bill full of a leftist, trajectory-changing agenda. Leader Schumer has filed cloture on H.R. 5305, the bill to fund the government and raise the debt limit (yes, as recorded on page S6666 of this year’s Congressional Record).
I exhort first of all that supplications, prayers, intercessions, and giving of thanks be made for all men, for kings and all who are in authority, that we may lead a quiet and peaceable life in all godliness and reverence (1 Timothy 2:1-2).
Saturday, September 25, 2021
In Context
Sometimes people say things that communicate more than they intend. This week, as part of his efforts to justify yet another increase, Senate Majority Leader Schumer noted Congress has previously raised the debt ceiling about 80 times. In other words, the debt limit has not done much limiting. Now, Republicans have found a use for the debt ceiling: stopping a $3.5 trillion spending bill full of a leftist, trajectory-changing agenda. Leader Schumer has filed cloture on H.R. 5305, the bill to fund the government and raise the debt limit (yes, as recorded on page S6666 of this year’s Congressional Record).
Congress Update
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Senate — Daily Leader Remarks • Actions begun, passed, declined, summarized
Executive Session
Senate confirmed nominee for top Treasury tax position
House — Weekly Leader Colloquy • Actions passed, declined, summarized
Suspension of the Rules
House clears bill to provide veterans with cost-of-living adjustment — S. 189
House passes bill to compensate 'Havana syndrome' victims, of Likely Directed Energy Attacks — S. 1828
House passes standalone bill to provide $1B for Israel's Iron Dome — H.R. 5323
Considered Pursuant to a Rule
H.R. 5305, Government Funding, FY2022, debt ceiling limit suspension
House passes bill to fund government, suspend debt limit
H.R. 4350, NDAA, FY2022
House passes sweeping defense policy bill
H.R. 3755, Abortion codification
U.S. House Democrats advance abortion bill, more accurately known as the Abortion on Demand Until Birth Act • bill would override all pro-life laws at both the federal state levels — Vote was 218-211
Saturday, September 18, 2021
In Context
Senate Majority Leader Schumer quickly rejected the assertion, and Democrats have dismissed any thought of raising the debt on a partisan basis while proceeding to maximize their partisan spending efforts. This week, Schumer cited an economist claiming their proposals “would actually ease inflation pressures, not raise them.” McConnell cited an economist claiming the opposite.
Republicans had already said last year that the $2 trillion Cares Act was a one-time-only-ever vote, and had no intention of spending at that scale ever again. With such high spending amounts somehow becoming the norm, the debt limit is the closest option to attempt to halt further astronomical levels of spending.
Leader Schumer has claimed the debt has been incurred by both sides. He is not wrong. Forcing the debt limit to put a hard stop to any money going out beyond what comes in would make for a sudden fiscal jolt. The Treasury would shift from extraordinary measures for paying the bills to triage of who gets paid and who doesn't. If that included not paying on our debt, it would indeed have “serious negative consequences.”
Schumer's claims fall short by implying that raising the debt limit amounts to meeting our “responsibility to pay our bills.” Debt, by definition, is when monetary amounts are not paid, but deferred until later. Incurring more debt does not pay our bills, it adds to our bills.
Saturday, September 11, 2021
In Context: The National Debt Limit
The United States debt limit has never been allowed to have its intended effect on Congress.
Every time U.S. Federal spending has come near the statutory limit, the limit has either been raised, suspended, or precipitated a crisis that led to the sequester. Spending increases have usually been gradual, relatively speaking, and the proverbial frog in the pot has not noticed the water is coming to a boil.
In a single year, in response to the coronavirus, federal spending increases are no longer gradual. The supplemental spending now proposed rivals the size of all annual federal spending, a noticeably significant portion of the entire U.S. economy.
Congress Update
Related:
House of Representatives
House agreed to H.Res. 626, expressing the sense of the House of Representatives regarding the terrorist attacks launched against the United States on September 11, 2001, on the 20th anniversary of that date.
Saturday, September 4, 2021
In Context
Congress has a very full agenda for this month, and it may have to go to unusual lengths to make it all work. It should be a bit surprising, then, that a new issue could quickly insert itself into this mix of top legislative priorities.
While Democrats have talked about codifying the “right” to end the lives of unborn babies into the U.S. Code, the new Texas pro-life law—and judicial restraint from interference in it—has suddenly galvanized them to action.
Congress Update
Related Headlines:
Senate
Harris presides • Senate Clears Funding Boost to Evacuate Americans From Afghanistan • sends to Biden's desk
House of Representatives
House Democrats Block Afghanistan Withdrawal Transparency Bill, in pro forma session — H.R. 5127
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