The point of the Republican debt-limiting play was to induce a recession to thwart Biden before the election, but the Republicans failed.
Simon Rosenberg tweeted:
One of the reasons Rs acted with such ferocious recklessness is that Biden’s economic plan works. Growth continues to be strong, inflation has fallen significantly, and the coronavirus and the war in Russia are about to pass.
MAGA’s goal was to impede this progress, and he was optimistic that Team Biden had stopped it. https://t.co/8A7Z4Bg7Lj
— Simon Rosenberg (@SimonWDC) May 28, 2023
Republicans know they are unlikely to keep Trump in the House and take back the White House if the economy doesn’t slip into recession next year.
The goal was always to use the debt limit to trigger a recession, but Biden’s unwillingness to concede anything seriously hampered the Republican plan. As time began to tick, Kevin McCarthy found himself being held accountable for defaulting on his debts.
President Biden terminated the deal. If the Republicans blow it up, default will be on them. It’s always been Kevin McCarthy’s job to get a debt ceiling hike through the Senate and through the House.
McCarthy hoped he would cause a default and voters would blame Biden. This is why the Chairman has been in front of television cameras nonstop all week.
A two-year budget deal means there will be no government shutdowns or defaults that disrupt the economy.
Before you worry too much about the duration of the budget deal, remember that if the Democrats took back the House and kept the Senate and the White House, that budget deal would be scrapped by the Democratic Congress.
The economy never stagnate. Republicans are outragedBiden remains in a position to win a second term.
Jason is the editor-in-chief. He is a White House press rep and a congressional correspondent for PoliticusUSA. Jason holds a BA in Political Science. His graduate studies focused on public policy, specializing in social reform movements.
Awards and Professional Membership
Member of the Association of Professional Journalists and the American Political Science Association