Shortly after the Republicans declared they will not buckle in the Senate on the looming debt celing deadline of October 18th, the MSM of the DNC cranked up their “Republicans are killing us by preventing us from going deeper into debt narrative,” thought it was labeled more on the lines of “Republicans are being irresponsible, holding our nation hostage during a time of crisis.”
Within a short period ot time, the GOP had capitulated, with Mitch McConnell offering hat in hand to the victors. The outcome was certain. The recalitrant GOP was performative, not authentic, and the typical result occured. The GOP betrayed its own base at the top level, who got nothing back in exchange for their capitulation.
The DNC-MSM narrative was effective right from the start, and soon, the whole troop of Senate power players turned their gaze to the White House where the Corporate-DNC’s, the CEOs in charge of our most powerful unaccountable international corporations, gathered at Biden’s feet to signal to the halls of DC that the corpos were sidin’ with Biden.
Losing both the MSM and the Corporate world alike (two factions of which were lost before the latest battle ever began) in such short order, the bold leadership of Mitch McConnell chose to capitulate, only to offer up another round of GOP becomes the villain, DNC gets the win round sure to occur at the next debt limit deadline, which is coming up in December.
The first headline in our aggregate of news blurbs covering this event starts with Talking Point Memo’s headline, which is the narrative that most likely will prevail in this whole exchange among the casual political observer who derives the bulk of their claims on truth from DNC-MSM sources.
Dems Declare Victory On Debt Ceiling With Short-Term Extension
From talkingpointsmemo.com
2021-10-06 22:49:14
Summer Concepcion
Excerpt:
Senate Democrats will accept a short-term increase in the debt limit that would raise the ceiling high enough to stave off default until December, a kick-the-can quick fix floated by Minority Leader Mitch McConnell (R-KY) on Wednesday afternoon. Democrats will reportedly not accept an increase in the debt ceiling through budget reconciliation.
The situation sets up a new debt-ceiling showdown for later in 2021.
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Markets like stability, even if it’s hardly long-term, so, shortly after the deal was made, stocks responded, creating a double bounce for the DNC and even Biden himself.
Stocks Rise After Proposed Debt-Limit Extension
From www.wsj.com
2021-10-07 14:22:00
Excerpt:
Major U.S. indexes rose after Republicans lawmakers offered a short-term debt-limit extension, helping stave off immediate concerns about a possible government default.
All 11 major sectors of the S&P 500 were green in early-morning trading, pushing the broad benchmark up 1.5%. The Dow Jones Industrial Average added about 530 points, bringing the blue-chip index to 34947, while the Nasdaq Composite advanced 1.6%.
Stocks appeared to get a boost from D.C. developments. Senate Democrats appeared ready to accept Republicans’ proposal to punt a showdown over the debt ceiling until later this year. Earlier this week, concerns over whether the Treasury would be able to raise money to pay its bills had weighed on investors. Treasury Secretary
Janet Yellen
has warned that her department is likely to exhaust its cash-conservation measures by Oct. 18 if Congress doesn’t act.
“Right now, there…
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What follows here are three news blurbs from three different sources covering this event, from which you can cull more details. Note that the language is mostly positive regarding the decision to extend the debt limit, though not strictly inflammatory against the GOP. Expect that banality to end shortly after the deal is finalized.
Agreement on short-term debt ceiling fix, averting crisis
From www.wwaytv3.com
2021-10-07 15:23:59
Excerpt:
Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis.
“Our hope is to get this done as soon as today,” Schumer declared as he opened the Senate.
In their agreement, Republican and Democratic leaders edged back from a perilous standoff over lifting the nation’s borrowing cap, with Democratic senators accepting an offer from Senate GOP leader Mitch McConnell.
McConnell made the offer Wednesday shortly before Republicans were prepared to block longer-term legislation to suspend the debt limit and as President Joe Biden and business leaders ramped up their concerns that an unprecedented federal default would disrupt government payments to millions of people and throw the nation into…
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Deal reached with GOP on short-term fix, Schumer says
From www.fox26houston.com
2021-10-07 15:06:37
Excerpt:
Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis.
“Our hope is to get this done as soon as today,” Schumer declared as he opened the Senate.
In their agreement, Republican and Democratic leaders edged back from a perilous standoff over lifting the nation’s borrowing cap, with Democratic senators accepting an offer from Senate GOP leader Mitch McConnell.
McConnell made the offer Wednesday shortly before Republicans were prepared to block longer-term legislation to suspend the debt limit and as President Joe Biden and business leaders ramped up their concerns that an unprecedented federal default would disrupt government payments to millions of people and throw the nation into recession.
Read Full Article
Debt ceiling: Lawmakers reach deal to extend federal borrowing, avoiding default crisis, Sen. Schumer says
From abc13.com
2021-10-07 14:48:45
Excerpt:
WASHINGTON — Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis.
“We’ve reached agreement,” Schumer announced as he opened the Senate. “Our hope is to get this done as soon as today.”
Senate GOP leader Mitch McConnell had offered to accept a short-term extension on Wednesday, shortly before Republicans prepared to block legislation to suspend the debt limit until December of next year.
President Joe Biden and business leaders had ramped up their concerns that an unprecedented federal default would disrupt government payments to millions of people and throw the nation into recession.
The agreement sets the stage for a sequel of sorts in December, when Congress will again face pressing deadlines to fund the government and raise the debt limit before heading home for the holidays.
“Basically, I’m glad that Mitch McConnell finally saw the light,”…
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Here we see where the CEOs of DNC Inc, if we can call it that, meet at the Biden White House to telegraph their support for the debt limit extension. Perhaps people who fail to support debt limit extensions will one day be declared misinformation in and of themselves.
Debt ceiling: Biden meets CEOs with Schumer, McConnell at impasse: LIVE UPDATES
From www.foxnews.com
2021-10-06 05:03:26
Excerpt:
The building battle over how to raise the debt ceiling will come to a head Wednesday afternoon when Republicans are expected to filibuster a procedural vote to raise the debt ceiling.
The vote, scheduled to happen after 2 p.m., will require 60 yeas. But Republicans have been very clear that they intend to vote against it uniformly.
As punishment for spending trillions of dollars without GOP input via budget reconciliation, Republicans want Democrats to use the same process to raise the debt ceiling. Minority Leader Mitch McConnell, R-Ky., says the GOP has no demands and does not intend to compromise – they are locked into their protest.
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Finally, the narrative that began the push to make Mitch retreat, yet again, perhaps, some would argue, by design. It certainly is moves such as these that lead people to believe the GOP at the highest level is simply controlled opposition.
Perhaps Americans of all diversities need a new party, an American Party based in the Bill of Rights, not ‘left’ or ‘right,’ to oppose the machine that the DNC has become, from the market square to the public square, from the bedroom to the classroom, there’s no action this party does NOT want to control.
Biden criticizes GOP lawmakers for ‘dangerous’ debt ceiling inaction, warns of interest rate hikes
From www.foxbusiness.com
2021-10-07 12:16:00
Excerpt:
Lawmakers in Washington are working to pass a debt limit suspension before government funding runs out, which could happen as soon as Oct. 18, according to Treasury estimates. (iStock)
As the federal government draws closer to defaulting on its financial obligations for the first time in history, President Joe Biden condemned Republicans for refusing to raise the debt ceiling and “playing Russian roulette with the U.S. economy” during an address from the White House on Monday.
“Not only are Republicans refusing to do their job, they’re threatening to use the power — their power to prevent us from doing our job: saving the economy from a catastrophic event,” Biden said. “I think, quite frankly, it’s hypocritical, dangerous and disgraceful.”
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