Why Biden is Correct About the Debt Ceiling

Dan Pfeiffer: “I worked in the West Wing during a financial crisis, a pandemic, multiple active terrorist plots, once-in-a-century storms, and the rise of ISIS. None of those threats were anywhere near as frightening as the two times the House Republicans tried to take the full faith and credit of the United States hostage. In both cases, a group of radical extremists with a faint grasp on reality led by a weak Speaker almost stumbled ass-backward into a global financial crisis that would make 2008 look like an economic head cold.”

“Well, here we are again.”

“A group of radical House Republicans led by a Speaker in name only is threatening a confrontation over raising the debt limit. Like President Obama in 2013, President Biden is refusing to negotiate with House Republicans. And like in 2013, all of the usual voices are raising concerns about that strategy.”