Congress and the White House are fighting over an issue that doesn’t deserve this level of political bloodshed.
I refer to the debt ceiling. Congress should increase it as it has done always since the beginning of the Republic. But no-o-o-o! The Republican caucus in Congress, led by the MAGA cultists among its members, are seeking to make some sort of idiotic statement about the need to cut spending before increasing the ceiling.
How can I state this more clearly: If the nation defaults on its debts, the economy is going to crash; we will lose millions of jobs; interest rates will skyrocket; the world will feel the pain this nation will inflict on itself.
Do congressional MAGA cultists really believe this is sound fiscal policy? It is nothing of the sort!
I say all this as a way to suggest that I believe President Biden and the congressional leadership are going to find a solution before the June 1 deadline believed to be when the ceiling must be lifted.
If they do, and I believe it will happen, we are surely going to be treated with all kinds of back-slapping, high-fiving and self-congratulations from our political leaders over the courage they showed in ending this crisis.
It’s all crap!
I am afraid that the end will last only until the next debt-ceiling crisis arrives.