Saturday 13 May 2023

Debt Ceiling: Why McCarthy Wins And Biden Loses.

Let's cut straight through the bullshit: McCarthy can't and won't cave because then only one House Member can begin the process to get rid of him as Speaker. So, even if Jesus asks, Republicans in the House aren't about to budge, not even an inch.

That means Biden has two choices: he can cave and agree to at least a framework for budget cuts, or he can watch the United States default on its debt and live with the economic consequences. As a result, Biden will have to cave or America goes down. Which way would you go? 

He also knows that if he doesn't cave, then re-election could quite conceivably become nothing more than a pipe dream. Like I said, Biden's going to be caving, whether he likes it or not. Watch and see.

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