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Why Is Biden Scared of the Most Logical Solution to Debt Ceiling Insanity? | The New Republic

finance

Here we go again: sliding headlong into yet another round of brinkmanship over the debt ceiling, with GOP extremists tempting an economy-crippling default. In recent years, this has become a regular occurrence in Washington, a ritual of learned helplessness among our elected leaders. It’s getting to the point where each iteration of this manufactured crisis has its own vintage, with a unique set of tasting notes. As TNR’s Grace Segers reported this week, the 2023 version is highly redolent of the 2011, Obama-era bottling, with a similar scent of failure and flop sweat on the nose, only this time with an especially apocalyptic mouthfeel.

newrepublic.com     May 14, 2023