Republicans using their “new rules” for debt ceiling increase

[Bugsy McGurk]

Sure, they agreed to hike the debt ceiling three times during the Trump era, no strings attached but….new rules!

We have a Democratic president now. So, the Republicans in the House promise to hold the nation hostage over the debt ceiling - agree to what the GOP fiscal terrorists want, or they will throw the nation into default. The USA gets it right between the eyes.

The GOP hacks have made it clear…New rules!

 

[bdtex]

It's just performative politics. House MAGAs are alone on an island. They'll fold and pass short term debt ceiling increase resolutions until September. Still in search of the illusive "leverage". The budget for fiscal 2023 has already passed and it was bipartisan. Senate GOPs knew better than to let House MAGAs be in charge of that.

 

[Bugsy McGurk]

It's just performative politics. House MAGAs are alone on an island. They'll fold and pass short term debt ceiling increase resolutions until September. Still in search of the illusive "leverage". The budget for fiscal 2023 has already passed and it was bipartisan. Senate GOPs knew better than to let House MAGAs be in charge of that.

One hopes. But the 20 or so complete MAGA lunatics in the House may not go along with any such measures, and McCarthy may fear them enough to do what they demand. The Speaker’s chair seems more important to him than the interests of the nation. That’s the default scenario, and it will scare the hell out of investors as as the default date approaches. The crazed Republicans will be happy to use their “new rules” to tank the economy so they can blame Biden and the Dems.