Overdue Bills
"The president has made clear this bill has no chance of becoming law."
"It is DOA, plain and simple."
Those two quotes are from Karine Jean-Pierre and Chuck Schumer, respectively. Suffice to say Kevin McCarthy's debt ceiling bill, which made it through a hopelessly divided House by the slimmest of margins late Wednesday, isn't a serious proposal.
Of course, it wasn't supposed to be, and notwithstanding eleventh hour concessions to secure the votes of Republican holdouts, most of the specific
After two times using the debt ceiling as a cudgel against democrats, it amazes me the GOP looks set to go for a third try. The first two times cost Republicans politically. Biden knows this.
But still seems like the average Republican voter continues to strongly believe that the GOP is the party of fiscal discipline, stronger economic performance, non-intervention in foreign affairs, and, of course, a stronger stock market. After watching myself for the last 40 years, I can only conclude that the GOP is largely a faith-based operation. This only seems further confirmed by the relentless electoral fraud claims despite a compelling lack of evidence. The M.O. seems to be what you believe > whatever the truth may be.
I don’t want a possible default to happen, but if the Republicans force Biden’s hand, my hope is that after the default happens Biden writes an executive order telling the treasury that they have to pay bond holders. Thus causing a constitutional crisis. It really is too bad that we couldn’t pass a constitutional amendment to say the US can’t default on it’s debt.