On the Senate floor Wednesday morning, Majority Leader Chuck Schumer (DN.Y.) announced that Democrats are drafting a stopgap bill to fund the government by December to avoid Friday’s shutdown.
Schumer said the bill would increase government funding until Dec December and provide emergency funding for “long-term” emergency relief in areas affected by Hurricane Ida, as well as the ongoing Afghan special immigration crisis. On Monday, Senate Republicans successfully filibusted a bill with similar measures, blocking the ongoing resolution debate.
With these ongoing crises, Schumer said: “The last thing the American people want is an official shutdown. This proposal will prevent one from happening.”
Democrats further stressed that the country’s failure to raise the ‘s limit could lead to default for the first time. Treasury Secretary Janet Yellen has warned that the consequences of such defaults would be “catastrophic”. House Speaker Nancy Pelosi (D-Calif.) Warned on Tuesday that this could destroy the value of the default dollar and wipe out “trillions of family assets” for Central Americans.
Schumer claimed that the crisis was caused by “Republican stupidity.” Democrats are “working to prevent this kind of outcome,” Schumer said.
Republicans will fail to measure predictions
Republicans have argued that the crisis is Democrats making their own. Sen. Ron Johnson (R-Wis.) In a petition drafted in early August, 46 Republican senators refused to approve the debt limit increase. They explained that Democrats were on “unprecedented deficit spending” and argued that approving an increase in the debt limit would enable future democratic spending.
The petition has made several big name signatories proud: Sense. Leader Mitch McConnell (R-Ki.)
Nevertheless, many Democratic leaders, including Schumer and President Joe Biden, assumed that these Republicans were arguing. Monday’s vote proved that virtually every Republican, even those who did not sign the petition, opposed raising the debt limit.
At a news conference Tuesday, Pelosi further argued that most of the spending came from debts under President Donald Trump. “It’s not about future spending, it’s about paying the bills that were spent,” he said. “Only 3 percent of that is about Joe Biden becoming president.”
“Republicans unanimously voted in favor of the default,” Schumer said of the vote.
In the petition, Republicans warned that the United States should not be allowed to default, but Democrats demanded that they increase their own limits through reconciliation, a process that is being used to get Democrats to pass a 3.5 trillion budget. In early September, Pelosi rejected the move; On Tuesday, Schumer resumed that opposition.
The senator said “going through reconciliation is risky for the country and it is not a starter,” adding that using reconciliation to increase the debt limit is “very, very risky” and said “we are not pursuing it.”
Speaking to reporters on Tuesday, Cruz predicted that such a stopgap bill would be proposed and failed.
He accused Schumer of “trying to hide from the trillion-dollar debt that Democrats are irresponsibly trying to put on the backs of our children and grandchildren.” He said the majority leader was “trying to find a result where 10 Republicans voted with him so that he could blame those Republicans for the irresponsible behavior of the Democrats.” This is a game. It won’t work. Counting knows it won’t work. ”
Although McConnell suggested that Republicans on Monday be open to such a proposal, Cruz said the new move would also fail.
“When that fails, I totally hope Schumer will surrender,” Cruz commented, “and he’s going to do what he could a week or a month ago, which [to raise] Debt limit using democratic vote. He added, “Accordingly, the Democrats will bear the burden of the trillion debt they are imposing on the country.”
Cruz added, “He knows the results.” If he wants to play the game, he’s the leader with the lowest margin, but he’s the majority leader. If he wants to play the game on the Senate floor, it’s unfortunately his privilege. “
“Democrats can deal with all of us on their own, because they have the House, the White House, and the Senate. So that’s their responsibility,” Sen. Rick Scott (R-Fla.) Said earlier this month.
McConnell criticized the Democrats’ “reckless” legislation, which he said was “biased,” and insisted that Republicans would not vote to raise the debt limit.
To measure the Democrats’ stopgap, at least 10 Republicans must join the majority party. But so far, no one has announced plans to do so. The vast majority of Republicans continue to insist that Democrats single-handedly raise the debt limit through reconciliation, although the party is reluctant to do so.
Jacqueline Steiber contributed to this report.
This News Originally From – The Epoch Times