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Colin Chaudhuri's avatar

This whole thing is missing the forest for the trees. First, you're really underestimating the incentives for too many GOP House members to go full scorched earth. My one (and let me emphasize one) reason I think a deal happens is the acute personal financial self interest of enough GOP House members (most own significant amount of stock. In addition, I'm guessing there enough donors calling House members as they hang out on the front lawn yelling at them to not screw this up*). But I think you're also underestimating the number of House members who are "true believers" that this all hyped "lamestream media" "fake news".

But the much important thing is this debt ceiling shouldn't exist in the first place and it was dumb dumb dumb of Democrats to note get rid of it when they had a Trifecta. There is no Swing voter, none**, who is switching their vote in 2024 because the debt ceiling was eliminated. The only way the debt ceiling effects the vote of a Swing voter is if we did actually breach the ceiling or came close enough that the full faith and credit of the US government was somehow in danger. Given the economic calamity that could happen in that scenario, it's Democrats who would suffer.

*this is a reference to the supposed story of the GOP House member who got a call from a big donor basically saying just pass the tax cut, thereby sort of proving out the idea that the only thing GOP actually cares about in practice is lowering taxes for the wealthiest Americans.

** I'm sure New York Times can find that rando person saying "I was a life long Democrat, but then they eliminated the debt ceiling". Please google that random person's name and then see what organization they're actually representing.

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Jay Rogers's avatar

Lowering the rate if increase doesn't serve the need of getting the national debt under control.

Balancing the budget in 10 years does nothing to reduce the national debt.

As a matter of fact it continues to increase during those 10 years.

At some point that debt is going to be a major problem for the world.

Whether you blame republicans for lowering taxes or democrats for increasing spending the reality is those both are increasing the debt.

As a a country we should be doing the exact option on both.

Real cuts (not.just lowering the rate of increase) and increase taxes only to pay down the debt.

I know that is never going to happen and sadly we are just leaving our children with a nasty pile of goo to figure out.

That or the world markets will react to our default or devaluing the $$$.

Check the CBO analysis for the next 30 years if we do nothing.

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