Breaking Points with Krystal and Saagar 5/22/23: Debt Talks COLLAPSE, Biden Caves On F16 Jets For Ukraine, DeSantis Secret Donor Call, Tim Scott and Chris Christie Set To Announce, Epstein Blackmailed Bill Gates, Pelosi Hides Feinstein Sickness, Used Car Prices, Migrant Hoax
May 22, 2023
The discussion kicks off with the fallout from collapsed debt talks and the looming threat of default. Biden's surprising decision to send F-16 jets to Ukraine raises eyebrows amid ongoing media narratives. Tensions within the GOP deepen as DeSantis criticizes Trump, while new candidates like Tim Scott and Chris Christie emerge. Intriguingly, allegations surface about Epstein blackmailing Bill Gates, alongside concerns over Dianne Feinstein's health. Lastly, they debunk a viral migrant hoax that stirs political divisiveness.
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Debt Ceiling Negotiation Differences
- Republicans want a nominal drop in discretionary spending, while Biden suggests a drop adjusted for inflation.
- They also disagree on the timeframe for spending caps: two years for Biden, six for Republicans.
14th Amendment Risks
- Invoking the 14th Amendment to bypass the debt ceiling could backfire if the Supreme Court sides with Republicans.
- Doing it pre-default might encourage a partisan ruling, while post-default pressures the court to protect capital.
IRS Funding Paradox
- Cutting IRS funding would worsen the deficit because IRS agents generate more revenue than they cost.
- This necessitates even deeper spending cuts, making negotiations harder.