Interesting and well-supported argument. Nonetheless, I must disagree. To me it comes down to whether the GOP is crazy enough to actually fail to raise the limit and crash the economy. They may be! But I believe a large portion of the voting public will blame R’s for the fallout, and McCarthy can’t risk that a year before a presidential election.
Is there a risk to Biden in deciding against negotiating? Sure. But I think he will be motivated by 2013 and decide it is more important to not be held hostage by a slim GOP House majority.
I had completely forgotten about both 2011 and 2013. Thank you. Warren Alderson
Interesting and well-supported argument. Nonetheless, I must disagree. To me it comes down to whether the GOP is crazy enough to actually fail to raise the limit and crash the economy. They may be! But I believe a large portion of the voting public will blame R’s for the fallout, and McCarthy can’t risk that a year before a presidential election.
Is there a risk to Biden in deciding against negotiating? Sure. But I think he will be motivated by 2013 and decide it is more important to not be held hostage by a slim GOP House majority.