The MAGA cult that has seized control of the Republican agenda in the U.S. House should really think long and so very hard about what it intends to do regarding the national debt.
The right-wing cabal within the GOP caucus wants to insist on spending cuts if the government seeks to increase its debt ceiling. What the right-wingers seemingly want is to cut Social Security and Medicare.
If they do not get their way and the nation defaults on its debts — for the first time in U.S. history — then all hell (and then some!) is going to break loose.
Americans’ retirement accounts well could vanish. Investors will bail out of the stock market en masse, driving stock portfolios into the dumper. The economy will collapse.
The national debt ceiling must be increased. Period, full stop and all that crap! Yet the MAGA crowd is insisting on something that’s never been considered, let alone been done … which is to cut spending as a tradeoff for doing what should be a routine matter.
Our nation’s founders enshrined our “full faith and credit” into Article IV of the Constitution, declaring that it must be honored — or else! The cultists who strong-armed concessions from Kevin McCarthy in exchange for their votes to make him speaker of the House, are ignorant of the founders’ intent. Then again, they’re ignorant about how to govern.
That is not dissuading them from making demands that are unreasonable, immoral and perhaps even unconstitutional.
They are hellbent on torching our system of government.