>

The sad part is that the Republicans can do this, directly cause the fallout, but then successfully blame the Democrats because a Democrat is President. Their Fox News zombie base will just eat it up. As long as the talking heads on the TV say it is Biden's fault, then it is.
Democrats need to hold firm and not cave. It will never end if they don’t. >

What they need to do is a boss move by having the 1 trillion dollar coin minted. >

I keep seeing comments like this about a 1 trillion dollar coin. 
I know almost nothing about the debt ceiling. Can someone explain to me what minting a $1T coin would do? >

So... Print money to pay off your national debt? What a great idea, I wonder why nobody has tried that before...
I mean why stop at a trillion? They can make a coin with a face value of anything, just make the face value the same as the debt and boom, no more debt. >

That's what government spending does: it creates money.  Money is literally how all government debt is paid.  The only difference with the $1T coin is the president doesn't need congress to do it. >

You can keep adding edits, it won't make it true. Government deficit spending creates money, not all spending. Most spending is from the revenue pot of taxes, tariffs, fines, etc.
If it worked as you seem to think it does, there would be no need for debt instruments or taxes since you would just have the treasury directly print all the budget money you need. That idea was what I was literally mocking in the original comment.
The debt ceiling is a dumb idea to start with, which is why nobody else has to even debate this, but a $1tr coin is literally just a way of circumventing congress on a loophole to print money to circumvent congress. Printing money has consequences, even if you just use it to pay off debts directly. It also requires the federal reserve, an independent institution, to not spend the $1tr you give them to pay off the debt. There's no way of forcing them to stick it in a box in the treasury forever, it's their money once you've paid. They can do whatever they want with it. >

How do you think they are going to pay off the debt if they raise the debt limit other than by printing money?
Edit: the whole point of raising the debt limit is so they can continue to deficit spend. >

Taxes. The answer is taxes. Also, raising the debt limit doesn't make more debt. It allows for more deficit spending by the government, which increases the debt. You invest that money in the economy, increasing inflation but also creating growth. If you get more growth than inflation, congratulations, you aren't destroying your economy! You then tax that growing economy, and use the taxes to pay back the debt.
Printing money to directly pay off debt does not do that. It's crazy I have to explain something so basic. >

This is the answer to a very different question, should we spend this money? That was when the budget was done.
Congress has already decided they want to spend the money and that they don't want to raise taxes.
What is on the board currently is do we agree to pay for the things we have agreed to spend money on. >

Republicans want maximum damage and pain for Americans because they are totally insulated from the effects of their own actions since most of their voter cult members are addicted to Fox News propoganda. Fox will invariably blame Democrats and Biden, and Republican voters will blindly believe it. The more pain Republicans can cause, the more their dumb voters will be angry at Biden. We've seen this movie before. >

How is there no discussion in this Thread about a very discussible topic? Just bashing and insults from both sides. 
Raising the debt limit is an interesting proposition with pros and cons, especially in times of high inflation. Discuss that and stop throwing random phrases and insults around, make reddit an actual nice experience for once >

You mean have a polite and reasonable discussion with Republicans whose only goal is to destroy government so they can end taxation ? >

so 49% of the voting population is supporting exactly that? get out of your echochamber already man >

"Kill the pig.  Cut its throat..."
But 49% of the population means the boys outnumber the grownups. >

i mean for me personally both parties are unvotable, too many corrupt ideologists and criminals in executive positions. So i dont see an advantage in making this big ideological theme about supporters of either party. A person is not defined by who they vote for, its a choice just like sexual preference or proficiency. Everyone should be free to choose and not be discriminated for it. >

DoN't HoLd Me ReSpOnSiBlE fOr My ChOiCeS! >

This is just the stupidest thing ever. 
This would be like if you lived with a roommate and when the electric bill comes your like “okay yeah we got to pay this” and your roommate is like “woah woah woah woah wait now what are you going to do for me in exchange for paying this” >

If you know who you've been dealing with for decades,
And you're still not ready to move out or reduce your electric bill, that's your problem. >

Yeah okay I only have a mortgage and my entire family to think about.
Let me just move everything to a more egalitarian European country that might not even give me citizenship. I'm sure they won't be adversely affected by the world's most influential economic and military superpower descending into an ethnocentric authoritarian theocracy.
And if a wave of right wing populism takes hold there I guess I'll just relocate to the middle of the Sahara Desert.