“数日のうちに, millions of Americans could be strapped for cash. We could see indefinite delays in critical payments. ほぼ 50 million seniors could stop receiving Social Security checks for a time. Troops could go unpaid. Millions of families who rely on the monthly child tax credit could see delays. アメリカ, in short, would default on its obligations.”
Which is bad! Really bad!
So why not go ahead and suspend or raise the limit on their own to avoid that sort of catastrophe? Politics, もちろん.
見る, the debt limit has become a political football in recent years. (There was a time when raising the debt limit was pro forma and non-partisan, but those days are long gone.) And the partisanship of it is based on a simple misunderstanding. Raising the debt limit sounds like you are OKing future spending by the federal government, a sort of blank check that many Americans, Republicans and Democrats, are not big fans of.
But that’s not actually what the debt limit does. 代わりに, it pays for spending the federal government already does. It’s more of a credit card payment than a blank check.
Which is why Democrats don’t want to go it alone on the debt limit suspension or increase. Because many of the past bills that this increase would pay for are tied directly to tax cuts that former President Donald Trump and a Republican-led Congress pushed through.
In Democrats’ minds, その後, they would be getting all the worst parts of raising or suspending the debt ceiling with none of the benefits. They would be handing Republicans a ready-made campaign ad — albeit one entirely based on the misunderstanding I mentioned — while also paying off the debt rung up by Donald Trump.
And they are entirely right! 共和党員 — 上院少数派指導者ミッチ・マコーネルを含む — have voted to raise the debt limit many times in the past, casting it as a necessary move in order to preserve the full faith and credit of the US economy. They are only refusing to do so now because Democrats are in the majority and they know they have them over the political barrel.
It’s politics taking precedence over sound policy. And it’s a very bad look.