Republicans will weaponize the debt ceiling the first chance they get, so Democrats must get rid of it while they can to protect Social Security and Medicare.
Bivens argued that the “leverage the debt ceiling provides to those looking to enforce austerity is its greatest — and often most-overlooked — danger,” pointing to the GOP’s past success in securing passage of economically damaging legislation during“It is obvious that the U.S. should join the vast majority of rich countries around the world who don’t have a debt ceiling,” Bivens wrote. “It would be most straightforward if Congress would abolish it straightaway.
Fresh calls for Democrats to put a stop to the annual fights over the debt ceiling come as Republicans are vocally threatening to oppose raising the current borrowing limit of around $31.4 trillion — which the government is set to hit sometime next year — in order to force spending cuts,“I think Republicans are uniformly in support of using that moment as an opportunity to do something about spending,” Rep.
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