Opinion by Jennifer Rubin: Democrats have a two-part plan to use the debt ceiling against Republicans
Sensing Republicans are on the verge of a blunder in their schemes to use the debt ceiling to hold the economy hostage and try to extract draconian spending cuts, the White House has developed a two-part response strategy. So far, it is paying off.Part 1: Lay out the simple argument that Republicans are recklessly inviting an economic meltdown even by talking about a possible default. Part 2: Force House Republicans to put forward a plan on the table and watch as they struggle with the fallout.
The administration has already delivered on the first step. Appearing on MSNBC this month, Jared Bernstein, a member of the White House’s Council of Economic Advisers,, “Unless the debt ceiling is unconditionally increased … not only will you be in default, but the result will be, as you’ve mentioned, the loss of millions of jobs, but also a spiking in interest rates.” He added that breaching full faith and credit of the U.S.
He added for good measure: “Americans are going to be left with some pretty big questions. Republicans say they want spending cuts. Well, does that mean cuts to Social Security? Or Medicare? Or child care? Or Pell grants? Or our military? Or pay raises for our troops? Or funding police and law enforcement?”
Republicans have never taken much interest in fiscal sobriety when their party controlled the White House. This was especially true during the Trump administration, which as conservative economist Charles Blahous showed in aYet when Democrats are in the White House, Republicans come up with all sorts of plans to slash spending, including entitlements. It was unpopular when Paul D.
In sum, Republicans are doing the Democrats’ job for them. The GOP is beckoning an economic catastrophe and seeking draconian cuts not even its own base wants. Why should Democrats stop them?
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Siena poll reveals most Democrats, nearly half of Republicans say Rep. George Santos should resignAs questions continue to mount over Congressman George Santos' life story and campaign finances, a new poll shows what voters think of him. It comes after he told reporters over the weekend he's focused on serving. LisaRoznerTV reports.
Read more »
Republicans' SPR bill leaves Democrats squirming over oil leasing: 'It's the process of balance'Democratic House leaders criticized GOP legislation Tuesday for mandating additional oil and gas lease sales despite voting in favor of more leasing in the Inflation Reduction Act.
Read more »
Democrats, not Republicans, seek to reform Mississippi welfare agency in wake of embezzlement scandalThe Mississippi welfare scandal has ensnared several top Republicans in the state. Democrats, but not Republicans, have filed several bills to reform the welfare agency and scrutinize its spending.
Read more »