'Members of Congress are engaging in its usual brinksmanship over a) whether to pay bills they've already rung up and b) knowing they will, eventually, find a way to raise the debt ceiling. Because they always do,' writes ChrisCillizza | Analysis
The issue is whether or not to increase the amount that the US government can borrow against itself before a certain date when it runs out of money. It's all massive numbers and misunderstandings: Increasing the debt ceiling isn't really about allowing the government to spend more money going forward. It's about paying for the more money the government has already spent.Think of the debt limit like a credit card.
In each episode of his weekly YouTube show, Chris Cillizza will delve a little deeper into the surreal world of politics. Click to subscribe! "They are just going to have to reconcile themselves and recognize they are going to have to own it," said Texas Sen. John Cornyn, a close ally of McConnell.Democrats -- led by Senate Majority Leader Chuck Schumer -- are doing the damndest to force Republicans into breaking with McConnell by, among other things, considering packaging the debt ceiling increase with legislation that would keep the government financed -- and open -- beyond the end of the month.
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