Of course, I’m assuming the Republicans take control of at least the House, and next year refuse to increase the debt ceiling unless their demands are satisfied. It appears this will be cuts in Medicare and Medicaid, making sure that Biden will be a one term president. It will be how to hurt Biden or any other Democrat candidate in the future.

It is the reason I voted for only those in the Democratic Party in the mid-term election. We have never defaulted on our debt, and it will be terrible if that happens.

It is the definition of brinkmanship:

“the art or practice of pursuing a dangerous policy to the limits of safety before stopping, especially in politics.”

The debt ceiling doesn’t limit government spending. It is permission to borrow the money necessary to pay for its committed expenditures.

Link: https://www.reuters.com/world/us/us-congress-could-be-bruising-debt-ceiling-fight-after-midterms-2022-10-10/

Stay tuned,

Dave