this post was submitted on 08 Jun 2023
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Politics
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What I realize is that the debt ceiling "crisis" was purely manufactured by Congressional Republicans who wanted to play chicken over the debt default in the hopes of wringing concessions out of the Biden administration. These same Republicans had no problem raising the debt ceiling for Trump; fiscal responsibility only became a sudden concern once Biden was in charge.
If catastrophic debt default happened, it would have squarely been the result of McCarthy's childish brinkmanship. It's also possible that Biden could have used the 14th amendment to avoid default without Congressional approval. Despite this, Biden blinked first and student loan borrowers will literally pay the price. So, as far as I'm concerned, he doesn't have the right to act tough about helping them now.
It wouldn't matter whose fault it was. America as we know it would be destroyed. Game over.
Whatever's left of the country would then vote hard Republican out of anger at the economic collapse, installing a right-wing trifecta in DC. Elections would then be suspended indefinitely due to an “emergency” that never ends. Game over.
It would take months if not years for that to make its way through the courts. The consequences of a debt default, on the other hand, would take mere days to materialize. Game over.
Moreover, the Supreme Court would have the final say on whether the 14th allows Biden to ignore the debt ceiling, and you know as well as I do that this Supreme Court would say “no”. Game over.
Then you haven't thought hard enough about what happened.
Had Biden done as you demand, you and most everyone else in America would be starving right now, and we'd have nothing to look forward to but a merciless, totalitarian right-wing dictatorship for the rest of our short, miserable lives. Game over.
It is testament to Biden's skill as a politician that America survived the debt ceiling crisis at all, let alone with some of his accomplishments intact. He saved your butt, so show some gratitude.