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albionmoonlight · 01-25-2023, 08:07 PM

https://rollcall.com/2023/01/25/hous...mit-suspension

This makes some sense. The tl;dr version is that the House GOP is considering suspending the debt limit so that the timing of the debt crisis lines up with the new fiscal year budget that the parties have to negotiate.

The GOP has said it will never pass a clean debt ceiling increase.
The Dems have said that they will not negotiate a debt ceiling increase.

So that's actually a pretty dangerous game of chicken.

But of course you have to negotiate the budget. So if you tie the debt ceiling to the budget, then the parties can negotiate it and neither side has to go back on their word.

01-25-2023, 08:07 PM	#7190
albionmoonlight Head Coach Join Date: Oct 2000 Location: North Carolina	https://rollcall.com/2023/01/25/hous...mit-suspension This makes some sense. The tl;dr version is that the House GOP is considering suspending the debt limit so that the timing of the debt crisis lines up with the new fiscal year budget that the parties have to negotiate. The GOP has said it will never pass a clean debt ceiling increase. The Dems have said that they will not negotiate a debt ceiling increase. So that's actually a pretty dangerous game of chicken. But of course you have to negotiate the budget. So if you tie the debt ceiling to the budget, then the parties can negotiate it and neither side has to go back on their word. Last edited by albionmoonlight : 01-25-2023 at 08:15 PM.