They will pursue a very different agenda. Of course, all efforts to legalize abortion will end. Jan 6 committee will be disbanded. Funding for green energy, I believe, will disappear.
But, none of this I believe is as terrible as another showdown on raising the debt ceiling limit. I’ve written about this in a number of blogs. It is not about controlling how much Congress can spend. It is all about allowing the White House to borrow money it needs so it can pay for its obligations. If the government does not pay its bills, then the government is in default.
Default has extreme consequences. The cost for the US to borrow money will soar. The stock market will plummet. And businesses will fail. And it is all unnecessary, because the debt ceiling does not limit spending.
I’ve got at least 5 blogs on this topic.
I’ve decided to vote straight Democratic in the mid-term elections. Too many radical Republicans out there and I am definitely afraid they could tank the economy just to do battle with the Democrats.
Check out previous posts on this topic by adding Debt Ceiling to the search box.
One thought on “What happens if the Republicans win in the mid-term elections”
Paul Ryan confirmed exactly what I had suggested. It is possible the Republicans will flip both the Senate and the House.
Next year, the debt ceiling needs to be raised, and will ask for concessions from Biden to avoid default So, the brinkmanship begins again. A very dangerous game to play with the faith and credit of the US economy.