Democrats gamble on GOP caving in debt ceiling fight
JORDAIN CARNEY - 08/10/21 06:00 AM EDTCongress is barreling toward a high-stakes showdown over the nation's borrowing limit, with neither party ready to blink.
Congressional leaders will soon need to find a way to pass legislation raising or suspending the debt ceiling, or risk a default that could have catastrophic ramifications for global financial markets.
So far, they appear content to play a game of chicken reminiscent of the 2011 standoff that resulted in the S&P taking the historic step of downgrading the U.S. credit rating. . . .
https://thehill.com/homenews/senate/567065-democrats-gamble-on-gop-caving-in-debt-ceiling-fight
Not much of a gamble at all. Even though our debt has climbed by over $6 trillion since Trump vacated office, and in light of the upcoming debt ceiling crisis, Republicans will:
- Allow the current $1.2 trillion in Democrat pork to pass
- Raise the debt ceiling
- Do nothing to stop another $3.5 billion from passing
All of this money will be used to ensure Democrats get re-elected, and Republicans are stupid enough to help them do it.