Things Really Are Looking Up Under Biden
I & I Editorial Board
May 23, 2023
Over the weekend, President Joe Biden claimed that some Republicans are hoping that the talks over raising the debt ceiling fail and the government defaults on its debt.
“I think there are some MAGA Republicans in the House who know the damage that it would do to the economy, and because I am president, and the president’s responsible for everything, Biden would take the blame,” he said.
What Biden is claiming assumes, of course, that things are going swimmingly right now, a point the president repeatedly makes, and how it’s all thanks to his policies.
Let’s ignore the fact that all the scaremongering about failure to raise the debt limit is just that. If the debt limit is not raised, the government won’t need to default on its debt. Every month, it raises far more in taxes than is needed to pay interest on existing debt. Despite what Biden says, any default would be entirely his fault.
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https://issuesinsights.com/2023/05/23/things-really-are-looking-up-under-biden/
