The fight is being waged over paying the nation’s bills.

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Avalon - The fight is being waged over paying the nation’s bills. The national debt is composed of obligations already incurred. It shouldn’t even be called the “debt ceiling;” it ought to be called the “deadbeat ceiling” because it’s what we owe our creditors – and if we stiff them and become deadbeats, the credit of the United States goes to hell. If Republicans were serious about controlling the national debt, they’d be willing to consider tax increases — including repeal of the giant Trump tax cut that went mostly to big corporations and the very rich. But the national debt isn’t on their minds.

Print Publication Date: 
4/26/2023