MemphisAg1 said:
FireAg said:
Now, we not only have done nothing to curtail spending in the short term, we have now handcuffed the Trump agenda…tax cuts and immigration issues will be the first to suffer…both add to the debt in the short term, and now we can't afford them on the scale in which was promised…
I'm not sure that's accurate. When the new Congress passes a budget bill through reconciliation that includes tax and immigration priorities, they should be able to increase the debt ceiling in the same bill.
And then there's an ongoing debate about whether extending the current Trump tax rates actually increases the debt. How does going flat from here add to the debt? If your baseline is the tax rates before Trump, you could make that case. But that was like 8 years ago and arguably not the right baseline for 2025. If you hold tax rates flat from 2024 and debt continues to increase, it's because spending exceeds tax revenue... which is exactly where the cuts need to take place.
Gonna be a messy show for sure.
A bunch of Republicans just nuked a bill BECAUSE it did that.
Why would you think they'll suddenly change their mind next year?
But, the thing is, that the reconciliation bill has to be
revenue neutral. That doesn't take into account the debt ceiling. So, the debt ceiling could be raised by eleventy quadrillion dollars and it would still fail the CBO scoring for reconciliation.
ETA: I was wrong about reconciliation. They COULD pass a separate bill on it or even combine it. Mea culpa.