In the current deadlock on the debt ceiling, the democratic argument essentially boils down to this: Republicans helped create the debt; therefore, they must help raise the debt ceiling.
The Republican argument essentially boils down to this: The Democrats are shopping sprees; therefore, they would have to raise the debt ceiling themselves to make room for their new spending.
Perhaps you find one of these arguments more persuasive than the other. Or maybe you find them both weak or irresponsible because reaching the debt ceiling would have disastrous consequences.
But one thing that separates Senate Majority Leader Chuck Schumer from Senate Minority Leader Mitch McConnell this week is that Schumer hasn’t told the truth about what he has the power to do.
Schumer has been pretending for several days that the Democrats in the Senate there is simply no time raise the debt ceiling through the reconciliation process, which requires a simple majority without having to overcome the usual obstacle of 60 votes.
It was not and still is not true: a vote-a-rama – the long string of non-binding amendment votes required during the reconciliation process – requires a a matter of hours, not days. The first time the US Treasury could run out of lending authority is October 18.
Raising the debt ceiling through reconciliation would not undermine Democrats’ ability to pass their social spending reconciliation bill: “According to the lawmaker’s office, Democrats could [raise the debt ceiling through reconciliation] without affecting the existing reconciliation package. That legislation would remain on a separate track and would not lose its privilege in the Senate, which means it cannot be an obstructionist and would only require a majority vote for approval. ” Punchbowl News reported on Monday.
But how Phil’s notes, McConnell has now made Schumer an offer that makes it clear to everyone that the Senate Democrats have the time and power to raise the debt limit through reconciliation.
McConnell’s offer is threefold: (1) Republicans in the Senate will agree in advance to limit the time for debate and the number of amendments to ensure that Democrats can quickly raise the debt limit. (2) Republicans are willing to raise the debt limit through December to current spending levels. (3) If the Democrats give up on their $ 2 trillion social spending reconciliation bill, then “a more traditional bipartisan government conversation may be possible.”
Schumer obviously won’t accept option n. 3, but offering option no. 1 and option no. 2 McConnell is making it difficult for Schumer to hide beyond a dishonest argument.
Content created by John McCormack
What are your thoughts on the story? Let us know in the comments below!
[ https://rocetoday.com/schumermcconnell-on-debt-ceiling-standoff/?utm_source=rss&utm_medium=rss&utm_campaign=schumermcconnell-on-debt-ceiling-standoff https://d26toa8f6ahusa.cloudfront.net/wp-content/uploads/2021/07/30214746/a-quiet-place-part-2-bigs-16.pdf