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Random denomination. too. Via. |
So Joe Biden, having sworn never to yield to McCarthy's blackmail and negotiate appropriations under the threat that the House could refuse to do its constitutional duty and pass a rise in the debt ceiling and allow the nation to default on its debt for the first time in our history ...
... has started negotiating appropriations under the threat that the House could refuse to pass a rise in the debt ceiling, and so forth. Have we got that right?
Possibly not. David Dayen at The American Prospect, who certainly knows more about these matters than I can even imagine, has come up with a more benign way of looking at it, anyway, based on the fact that McCarthy really did pass a rise in the debt ceiling, in his own peculiar way, even though it was in a bill the Senate and White House couldn't possibly agree to; that changed the situation, as Dayen said:
I do believe there was some inkling, at least within the White House, that McCarthy would never get that bill passed. It took a fairly superhuman effort for him to thread the needle of his caucus and find a majority, and then only when two Democrats missed the vote. You can’t fight something with nothing; if McCarthy couldn’t get consensus, at some point he’d have to acquiesce to a clean debt ceiling increase. That would have been humiliating and reasonably possible. It was worth going for from the Democrats’ perspective.
I remember thinking that way myself, and it came agonizingly close to being true. But in the end it wasn't, and Democrats (and Mitch McConnell) had to turn to a different approach. What they're up to now is negotiating, but politely disagreeing on what they're negotiating about: the debt ceiling is "off the table", say Schumer and Biden; the debt ceiling is "off the table", says McConnell; "No it isn't," says Kevin, and it's a free country, so he has a right to his opinion. But the fact remains that when the solution comes, over the next couple of weeks, it will include a rise in the debt ceiling.