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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote]How? Seriously question. It is my understanding that the debt ceiling has to be raised to prevent a default Is that correct? [b]Yes.[/b] It is my understanding that McCarthy has committed to raising the debt ceiling to the level necessary to pay for obligations they the US government has already made. Is that correct? [b]No, he has not committed to raising the debt ceiling to the level needed to pay for obligations that the US government has already made.[/b] It is my understanding that the President has rejected that because he is ants the debt limit raised to a higher level that would ensure that obligations NOT yet made would be covered. Is that correct? [b]No, the president wants to debt limit raised to exactly the level that would ensure that obligations ALREADY MADE would be covered. [/b] If I am correct on all counts, then really it isn’t a matter of republicans refusing to raise the debt limit to a level necessary to prevent a default. It’s a matter of Biden wanting it to go even higher. [b]You are incorrect. It is a matter of Rs refusing to raise the debt limit to a level necessary to prevent default on US obligations. [/quote][/quote] But this NPR article says otherwise. It says what I said. https://www.npr.org/2023/04/28/1172684217/debt-ceiling-bill-mccarthy-biden-leverage [/quote]
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