Democrats Could Remove The Debt Ceiling As A Weapon Once And For All
Furious Democrats seethe daily about Republican hostage-taking on the debt limit.
Theyre still insisting that the ceiling be suspended through regular order, and that Republicans help them do it.
Instead of these fruitless, if understandable, attempts to shame Republicans for their hypocrisy and recklessness, Democrats could take this opportunity to remove a weaponized debt ceiling from Republicans arsenal for good.
They could either act on Sen. Brian Schatzs (D-HI) bill to repeal it (which would require reforming the filibuster), or just hike the debt limit up so sky-high in reconciliation that they dont have to worry about closing in on the ceiling any time soon. (Thats what Denmark, one of the only other countries in the world with a debt ceiling, has done.) Democrats of all stripes, moderate and progressive, are receptive to the idea.
https://www.msn.com/en-us/news/politics/democrats-could-remove-the-debt-ceiling-as-a-weapon-once-and-for-all/ar-AAOYuBc
msongs
(67,199 posts)Irish_Dem
(45,640 posts)It is total insanity for us to keep doing the same old thing over and over and failing.