'Everyone seems to agree the US debt ceiling should be raised to pay for tax cuts and spending the government has already approved — and to avoid the economic calamity that would likely result from a US default. But Congress is tied up in knots' | Analysis
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But Congress is tied up in knots. Senate Minority Leader Mitch McConnell, who wants to use this issue to catapult himself back into the majority in 2022, offered a two-month reprieve Wednesday. He'll allow Democrats to set a new debt limit to pay US bills until December. But that's hardly a solution since the debt scare would be back shortly. Read more here.
Bipartisan agreement. Ha! I'm listing this as the most fanciful, most unbelievable, least likely way to pay the nation's debts because that's the partisan space we're in at the moment. Bipartisan agreement is the way Capitol Hill should work. But Capitol Hill doesn't work right now. Republicans could simply allow an up or down vote by Democrats. A few Republicans could even join in.
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