Time of Monsters: Slaying the Debt Ceiling Dragon
Over the last thirty years, Republicans, when in control the House of Representatives, have repeatedly used the debt ceiling to force Democratic presidents to make draconian budget cuts. This drama took place under both Bill Clinton and Barack Obama. We are now witnessing a replay under Joe Biden. Under pressure from divergent political forces, Biden is being forced to make a choice between negotiating with the Republicans or figuring out a way to squash the debt ceiling threat.
In a recent statement, Jeff Hauser, founder of The Revolving Door Project, makes the case for a direct fight: “GOP…
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