Featured News

Recent History Shows Biden Will Win On Debt Limit

Republicans are trying to go back to 2011 on the debt limit, but Democrats changed their tactics, and President Biden is in good shape to win in 2023.

Looking back Obama administration officials view their negotiations with Republicans on the debt limit to be a big mistake. As a member of the Obama administration, President Biden has never forgotten 2011 and more importantly, the lesser-discussed debt ceiling deadlines of Obama’s second term.

NBC News recapped what happened after 2011:

After 2011, the Obama White House drew a hard line when the debt limit deadline came up again in early 2013. Then-White House spokesman Jay Carney said in January of that year: “Congress can pay its bills or it can fail to act and put the nation into default.”

House Republicans relented, attaching a debt limit extension to a symbolic measure calling for passing a budget.

Under that posture, Congress, under a GOP-led House, extended the debt limit three more times — in October 2013, February 2014 and November 2015 — either with a symbolic add-on or a bipartisan budget that both parties had agreed to. The threat of default was off the table.

Republicans got spending caps for two years, but then spending went back up. The GOP victory was a short-term mirage that evaporated once Democrats took a hard stand on not holding the debt limit hostage.

Subscribe To Our Newsletter:

President Biden came out of the gates with a firm no on debt limit negotiations, because that is the best course for the nation. Democrats negotiated in 2011 and saw the US credit downgraded for the first time and the economy damaged.

It is more likely than not that recent history will repeat itself. Speaker McCarthy’s majority is too small to withstand any division on the debt limit. Democrats seem to know that they have enough moderate votes to pass a debt limit hike in the House without McCarthy.
There will be performative theater from the Speaker, but at the end of the day, Biden will likely get his way on the debt limit.

Recent Posts

Lindsey Graham Looks Like He’s Been Crying Over Trump’s Indictment

Sen. Lindsey Graham showed up on Fox News with red eyes and sounded like he…

3 hours ago

Eric Trump Rants About CVS And Tylenol While Trying To Defend His Dad

Eric Trump went on Fox News to complain about CVS locking up the Tylenol, and…

4 hours ago

Rachel Maddow Locks In On What Really Matters About Trump’s Indictment

Rachel Maddow said there was nothing unusual about politicians being indicted. It happens all of…

5 hours ago

Trump Faces 34 Counts Of Falsifying Business Documents

It is being reported that a minimum, Trump will be charged with 34 counts of…

8 hours ago

Ron DeSantis Just May Have Gotten Trump Denied Bail

Gov. Ron DeSantis announced that Florida will not assist in any extradition of Trump, which…

9 hours ago

Kevin McCarthy Threatens Alvin Bragg After Trump Indictment

Speaker of the House Kevin McCarthy responded to Donald Trump's indictment by threatening Manhattan DA…

9 hours ago