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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Has McCarthy yet publicly addressed what he plans to do about this as speaker???[/quote] [twitter]https://twitter.com/mikemadden/status/1614042437126594560?s=46&t=t5QJC23ZOz4bGVOLh_6jpw[/twitter][/quote] They are delusional. It doesn’t work like that. The debt ceiling is about redeeming Treasury securities. That’s it. Treasury securities don’t authorize or obligate where the money goes. That is already provided for in law and appropriations. It took them 15 tries to elect their leader as Speaker. They probably won’t even be able to pass their dumb shit in the House, much less hold the line against the Senate and President. [/quote] I don’t think they will ultimately be successful. But it’s not clear how much damage their truculence and incompetence can do. Anyone with more House expertise care to offer an assessment?[/quote]
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