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You are here: Home / White House / Why Biden is Correct About the Debt Ceiling

Why Biden is Correct About the Debt Ceiling

January 30, 2023 at 2:56 pm EST By Taegan Goddard Leave a Comment

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.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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