Thursday, May 04, 2023
Brinksmanship
The White House is hoisting a hurricane flag over raising the debt ceiling. Its economists are predicting disaster if the country runs out of money. Eight million jobs at stake. Plunging stock market. Other ills. The Republicans response to that is negotiate or take our bill. The White House has refused to this point but publicly warns of disaster by June 1. It's a deadly dance of warring press releases. The fact is nobody will win if the country defaults and the public will blame both parties for the outcome. Something needs to be done about deficit spending but this is not the way to do it. Someone will have to blink first.
Post a Comment