Sadly, Biden does not appear ready to go Dark Brandon on the debt ceiling. He's negotiating, and I really wish he wasn't. I would have liked an executive order a few weeks ago saying that the debt ceiling is unconstitutional and see if the courts would expedite a ruling. I would have had consol bonds as a back-p plan. Negotiating on this was a bad move, but that's where we are with Manchinema still able to call the shots in the Senate.
Still, there does look to be a few areas where Biden could hand McCarthy a "win" that extricates him from the Freedumb Caucus. Permitting reform, some spending caps and getting back some unspent pandemic funds should give a fig leaf to those Republicans who might need some form of extortionary payoff.
The debt ceiling is a terrible, stupid, no-good, anachronistic idea. It should be killed with fire. The GOP's behavior on this appalling, and the dumb assed media isn't helping.
If America loses its status as global reserve currency because Kevin McCarthy has to kowtow to Matt Fucking Gaetz...
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