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Looks Like We Have a Debt Deal

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the staff of the Ridgewood blog

Washington DC, looks like we have a debt deal.  The compromise announced late Saturday includes a two-year budget deal that would essentially hold spending flat for 2024, while boosting it for defense and veterans, and capping increases at 1% for 2025. That’s alongside raising the debt limit for two years, pushing the volatile political issue past the next presidential election.

Driving hard to impose tougher work requirements on government aid recipients, Congressional Republicans achieved some of what they wanted. It ensures people ages 49 to 54 with food stamp aid would have to meet work requirements if they are able-bodied and without dependents. President Biden was able to secure waivers for veterans and homeless people, but most homeless people and many unemployed veterans would not be considered able bodied .

The deal came together after Treasury Secretary Janet Yellen flinched telling Congress that the United States could default on its debt obligations by June 5 — four days later than previously estimated — if lawmakers did not act in time.

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3 thoughts on “Looks Like We Have a Debt Deal

  1. Gee, what a surprise, our politicians are going to continue overspending. Stop the war and close the border, save billions!

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  2. Politicians just keep kicking the can down the road so that it becomes the problem of the next congress or president. Failure on all sides. Time to vote a lot of these people (both Republicans and Democrats) out of office. Waste of taxpayer dollars keeping some of these clowns in office. So many are ego and money driven that they’re not doing the job they were elected to do.

    1. Never gonna happen as long as it remains a 2 party system and as campaign contributions stay out of control. Power is basically bought nowadays. There is no election, there’s only selection.

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