Will the GOP refuse to vote to increase national debt ceiling or is it all talk and in the end they will capitulate like they always do?

[Adaeva]

https://www.lewrockwell.com/2023/04/david-stockman/how-the-gop-will-whiff-on-the-debt-ceiling-showdown/

The Treasury’s Debt Ceiling Shell Game: The national debt and the path to a balanced budget Craig Eyermann (independent. org)

[abc3643]

They will compromise and raise it. They have to and they know this.

The GOP will whine bitch and moan the party line which is to be fiscally responsible. Actually, I don't have a problem with that and that's one thing about the GOP that I like.
Unfortunately for the GOP, most congressional Republicans come from red states and most red states are very dependent on Federal spending to inject money into their economies. It's one reason why the GOP is big on defense - lots of military in red states.

So, the bottom line is that the GOP needs to appease their base by towing the party line but then they REALLY need to appease their base (even though the base doesn't realize it) by voting to raise the ceiling so the Federal Government can continue to inject money into their local red state economies.

[Adaeva]

That is probably the way it is and will be.

[abc3643]

Bookmark this although, each year, look for an update. One for this year should come out soon, but here is 2022's...

smartasset.com/.../states-most-dependent-on-the-federal-government-2022

TITLE: States Most Dependent on the Federal Government – 2022 Edition

... SmartAsset took a closer look at individual states to determine which ones are most dependent on the federal government.

2022 SmartAsset Study: States Most Dependent on the Federal Government

Billions of dollars are at stake each year for individual states when lawmakers in Washington D. C. negotiate the following year’s federal budget. For 2023, President Biden is calling for a 7% increase in federal spending as part of his $5.8 trillion budget proposal. While this money will ultimately play a major role in how states fund themselves, some states are more reliant on federal dollars than others. For example, Wyoming gets over 56% of its revenue from federal sources, but only 27% of Hawaii’s revenue comes from the federal faucet. With this in mind, SmartAsset took a closer look at individual states to determine which ones are most dependent on the federal government.

To do this, we analyzed and compared data across the following metrics: federal share of state government revenue, ratio of federal funding to income taxes paid, percentage of workers employed by the federal government and ratio of median earnings for federal workers to median earnings for private workers. For details on our data sources and how we put all the information together to create our final rankings, read the Data and Methodology section below.

(more)

[abc3643]

Key Findings

* Red states dominate the top 10. Eight of the 10 states most dependent on the federal government traditionally vote Republican. New Mexico (No. 2) is the only state in the top 10 to vote for the Democratic candidate in any of the last six presidential elections. Maine (No. 8), which splits its delegates, has voted for both Democrats and Republicans in the recent elections.

* On average, federal funding makes up about 39% of state revenues. However, this figure varies by a margin of more than 29 percentage points. The federal share of state government revenue is highest in Wyoming, at 56.43%, and lowest in Hawaii, at 27.13%.

* Connecticut (a blue state) ranks as the state least reliant on the federal government. Less than 32% of the revenue collected by the Connecticut state government comes from the federal government. That’s the eighth-smallest percentage across all 50 states. Connecticut also has the third-lowest percentage of workers employed by the federal government (1.47%) and fourth-lowest ratio of federal funding to income taxes paid (0.38).

[abc3643]

====
See the article for the tables and graphs.

Key takeaways from looking at the list:

1. Of the top 10 states whose revenue is most dependent on money from the Federal Government, 8 are red states (WV, MS, AL, AK, ID, LA, WY, MT), 1 is a blue state (NM), and 1 is a purple state (ME).

2. Of the top 10 states whose revenue is lease dependent on money from the Federal Government, 8 are blue states (CT, NJ, MA, MN, IL, WA, CA, NY), 1 is a red state (IA), and 1 is a purple state (WI).

>>> In other words, it's primarily blue state taxes that pay for red state benefits.

The GOP members of Congress know this. For the most part, they are not idiot Trumpster ilk but they need those voters. So, they appease the voters about spending caps, but then save the voters by doing what is best for them - raising the cap and keeping the money flowing to the red states so the idiot Trumpster ilk stay employed. After all, all politics is local.

[Adaeva]

It makes sense that republicans in congress are not going to vote to take money from republican states if democrats states receive proportionally less.

[gorydetails]

It's all talk. The republicans are spineless.

[Anonymous]

They’ll cave when they get the right package of incentives in return. The GOP only gives lip service to the debt when a democrat is in the White House. They aren’t really against it on principle. They were silent while they ran up $7.8 trillion in new debt under the last administration. This is just political theater.

[Gingerbread_GB]

It will be raised. The debt ceiling means much more than just how much money the US government can spend. If the ceiling is not raised, US may need to default or delay payments on its treasury notes, which hits the very core of the dollar-based global economy. Confidence in the fidelity of the US dollar is what made America the America today.

[BCA6010]

They'll give in, probably for some petty concession that nobody outside of relatively few people care about.

There aren't enough Republicans with a spine to forcibly course-correct the party, let alone the country.

[exitseven]

we did this before in the 90s and nobody noticed. I think this time the Republicans will stick to it. There are guys like Jim Johnson and Matt Goetz that will hold McCarthy accountable.

[Anonymous]

Neither party want to anything about anything. Two sides of the same coin with the same ideals and goals.

[Anonymous]

The goal of the talks are to reduce spending. In the end the most they will get is a reduction of the increase.

[EaterPeter]

Capitulate like always

[EaterPeter]

Thanks for like!