deal struck, apparently:
Both Senate Democrats and Republicans are trading paper on a potential agreement on the debt ceiling while debate continues over infrastructure and reconciliation.
www.foxnews.com
The article notes: "
Senate votes to lift debt ceiling, averting default" (emphasis added). That is a lie that needs to be put to rest. It is used to promote fear mongering and Armageddon if something is not done. First, the government continues to receive revenue and can use that money to pay its
debt. Of course that does not mean that some current programs don't have to be temporarily suspended since the money would not be there.
See Mark Levin's video clip in post #75.
Second, the debt ceiling is a known constraint. That means that Congress has had plenty of time to solve this constraint. Since they have not, and that they waited till the last possible second, implies that all the howling is nothing more than theater for generating fear mongering headlines.
The article notes that an "
agreement has been reached". What does that mean? This is a black hole. In theory, to achieve an "
agreement" both sides, it would seem, would have been expected to compromise on something. Did the Republicans just rollover and give the Democrats a blank check?
This is of concern as the sound bytes from various Democrats imply that the Democrats have
no interest in compromise. Biden, in fact, demand that Republicans get-out-of-the-way so that, as Biden put it,
MY legislation gets passed. Biden does not get to unilaterally define what is "
right" for the US. That is the mark of an autocrat. This is not how the democratic process is supposed to work. The party out of power, has credible interests that need to be respected. Democrats don't respect those concerns. Republicans, in the past, have simply acquiesced to the Democrats rolling-over them.Time for Republicans to get a backbone.