Republicans will probably get enough token concessions to save face and then drop this stupidity.
They have to know that they will get blamed for an actual default, which would be a heavy anchor going into 2024.
I think this will resolve between today and mid-May. Democrats will put just enough on the table for Republicans to save face and back out of this death trap.
Everyone understands if you run up the credit card you have to pay the bill. Then, you argue about spending cuts during the next budget. Default is not an option.
Yu know that the whole reason the debt ceiling was put in place (it is 100% artificial) is so that from time to time the parties wills ti down and talk it out.
Joe Biden’s stance
“we needed to place conditions on the debt ceiling the times that I voted against raising the debt ceiling, NOW is different, NOW we need a blank check and anything else is . . well … . hostage-taking which is wrong when someone else does it.”
It is congress’ duty to pay the bill for spending they have already okayed, the president has nothing to do with it and they should do their job and quit with the febrile shenanigans.
The GOP can, with some truth, be accused of playing games.
but the basic truth of a need for the gov’t to plan and discuss the debt ceiling periodically before raising it is a very important foundational tool of sound government.
Ranks up there in importance with the independence of the Fed, military run by civilians, Posse Comitatus etc…
The sweeping generalization that suddenly now and never before “only blank checks are okay, everything else threatens to destroy the economy,” is beyond rhetoric, it is very dangerous. A far better saner safer tact would be for Joe Biden so say “I support the right for the GOP to negotiate this by they are not negotiating in good faith.”
Of course he can’t even find a podium so he just reads what’s in front of him.
Old Joe, the real Joe, was a decent fella.
I am glad we agree.
Let me press the point by saying I’d be on board with Biden saying
“It is important that we debate and discuss these issues periodically, but the GOP is not negotiating in good faith. They are playing some game. But I do not demand carte blanche and I will never say or do anything to put future officials in need of rubber-stamping carte blanche.”