President Biden should do “whatever it takes” to avoid an economic catastrophe. House GOP-led efforts are to blame for the impending debt crisis. In 2011, the GOP’s demands for massive spending cuts sabotaged the Great Recession recovery.
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The unspoken agreement between the two major parties is to omit any serious discussion of raising taxes to avoid hitting the debt ceiling. That omission entails deception.
Republicans are threatening to tank the global economy if President Biden doesn’t agree to slash spending on social welfare programs. It’s a trap.
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A huge number of his members have no idea what they’re doing. Legislating is a skill—maybe even an art — for which it’s useful for members to have experience with something beyond mouthing off and posing for cheesy photos with their favorite firearms
All the talk of Social Security “going bankrupt” or becoming “insolvent” is just plain wrong. This is just scare talk designed to convince people that big cuts to the program are necessary and inevitable. It’s simply not true.
“The validity of the public debt of the United States,” the 14th Amendment declares, “shall not be questioned.” If Congressional Republicans violate this, President Biden, acting along, should do as the Constitution requires.
The Framers would have never tolerated debt-limit brinkmanship. It’s time to put this terrible idea on trial.
The Framers would have never tolerated debt-limit brinkmanship. It’s time to put this terrible idea on trial.
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