The Democrats' debt ceiling collapse is inescapable
Democrats in the media are beginning to grudgingly admit that Democrats have to negotiate, that history dictates negotiation. While that's true, that doesn't mean that the media is liking siding with Republicans. That isn't likely to happen anytime soon.
According to the Hill's reporting, "Strategists and policy experts in both parties believe Democrats will have to come to the bargaining table soon to negotiate a debt ceiling deal that would avoid an economic catastrophe." Notice the charged language of avoiding "an economic catastrophe."
Thank God for clear-thinking politicians like Louisiana Sen. John Kennedy. He's a national treasure as well as being a journalist's go-to quote machine. This week, Sen. Kennedy was interviewed by Harris Faulkner. During the interview, Sen. Kennedy told Ms. Faulkner that we won't reach a drop-dead date "until August, maybe September" which "is enough time for the White House to grow out of puberty."
There will soon be negotiations because this weekend's classified documents discoveries have weakened Biden's position. Everyone knows that Biden is weaker today than he was a month ago. That's why Biden has invited Speaker McCarthy to the White House to discuss the debt limit. Speaker McCarthy has already accepted that invitation.
First, here's the Kennedy-Faulkner interview:
Next, here's Speaker McCarthy's response to Biden's invitation: While I'm certain that Biden will act tough initially, he'll eventually be forced to accept most of what Speaker McCarthy is pitching. Cutting future spending is a winning issue for Republicans. Further, if I was advising McCarthy, I'd advise him to walk into that meeting with a set of stipulations that Republicans will take off the table. The statement should say Republicans aren't interested in cutting Social Security or Medicare. Further, it should say that Republicans aren't interested in raising taxes on the middle class. That guts the Democrats' accusations against the GOP. Once that's off the table, serious negotiations can start in earnest. The first thing that needs to happen is to cut non-defense discretionary spending. Returning them to pre-COVID levels would be a solid starting point in negotiations.
At some point, the GOP is going to have to say that "not cutting social security" WILL result in cutting Social Security, simply because this Ponzi scheme is going to run out of money. And it is a crying shame because with the reforms proposed by Sen. Rod Grams (R-MN), everyone in or near retirement would get everything promised-- no cuts-- everyone younger would retire with MORE benefits, the trust fund never runs out of money and we actually pay down the national debt!
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