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Belle of the Ranch

Let's talk about those opposed to the debt ceiling deal....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 1 June 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about those opposed to the debt ceiling deal....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there internet people? Let's bow again. So today we're going to talk about

0:06.0

timelines and the debt ceiling and the legislation and those people who are opposed to it.

0:15.0

You know, there's a lot of people saying that they're not happy with the bill and they may vote against it and so on and so forth.

0:27.1

I don't know that they understand that they're late.

0:29.8

They're late.

0:30.6

They're late for an important date. They don't have time to vote against it. There's no

0:38.7

time for renegotiation. Okay so the House rules say you need 72 hours to review legislation. The current bill, the one that people are less than happy with, that's going to be voted

0:57.0

on on Wednesday. Hopefully, that's the earliest. Let's say people vote against it and it fails. Okay, renegotiation starts. Let's say it's a world of make-believe

1:10.4

in magic where everything gets hammered out in 10 minutes the whole

1:16.9

negotiation is is redone and everybody has something that they'll vote for in 10 minutes. 72 hours starts. It gets

1:27.0

you know turned into legislation and it gets distributed to people okay on

1:32.1

Thursday.

1:34.2

72 hours starts.

1:36.0

That means the earliest voting day for the House

1:38.0

is Monday.

1:38.7

Guess what?

1:39.3

We default that day.

1:42.2

Still has to go through the Senate. The time for negotiation is over. This is the

1:50.0

deal. Either they're going to vote for it or they are going to actively vote to default.

1:57.0

Even if they were to do away with the rules, okay? And say, okay,, we don't need 72 hours to review the legislation.

2:06.7

We'll just vote on it now.

2:08.8

That's fine, but it still has to go to the Senate

...

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