Who's to blame for the debt ceiling crisis?
I took a brief break from gardening to provide my perspective on the reports of stalled negotiations between President Joe Biden and Kevin McCarthy over increasing the debt limit. I answer the following questions:
What is the debt ceiling?
Why has it become a crisis?
Why it is that America might run out of money on June 1 and send tsunami waves across the global economy, while greatly impacting American citizens?
I also discuss how both political parties have abandoned fiscal responsibility, and why Kevin McCarthy is in over his head at the negotiating table. Hope you’ll have a listen…
President Biden should not give one inch. Invoke the 14th Amendment and declare the debt ceiling unconstitutional and continue to pay the nation's bills. The Constitution plainly states that public debt of the United States, authorized by law. . . shall not be questioned. Prof. Lawrence Tribe explained better than I could why the debt ceiling is illegal and unconstitutional. Biden should not give into the MAGA terrorists. They just want to see what they can get. The answer should be NOTHING!!!
Ever the optimist I voted for Joe Biden because of his experience, especially with coming to consensus in sticky situation. I expect he will do just that with the crazies in the House who are holding all of us hostage. I sure don’t want him to give in to the magas! I sure hope he doesn’t.