It’s all up to MyKevin

Created
Mon, 22/05/2023 - 04:00
Updated
Mon, 22/05/2023 - 04:00
The assumption is that if only Biden will give the Freedom Caucus everything they want — in other words, destroy all of his accomplishments and more — then they will allow the government to pay its debt. No. They. Will. Not. Once they realize Biden will give them anything there will be no end to it, even if the country defaults. Krugman asks the right questions here: So much writing on the debt ceiling right now seems utterly behind the curve. The question now is what does Biden do if Rs refuse any deal that doesn’t effectively give them complete control of US policy? Or maybe even actively seek financial crisis?  Unilateral actions might fail — or be blocked by a partisan Supreme Court. But what are people pointing out these risks saying that Biden should do? Capitulate completely? (Even that might not be enough). If that’s the plan, say it clearly. That is the plan but it won’t be enough. The only legislative way out of this is for the Senate to pass a bill and send it back to the House. If Kevin won’t bring it to the floor, then they have have to go the 14th Amendment route and hope the Supreme Court isn’t so batshit insane that the will crash the world economy (and it might crash anyway just because of the chaos.) Otherwise, MyKevin will have to give up his job and bring a Senate bill to the floor against the wishes of the insane…