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Democrats See Path to Eliminate Debt Ceiling

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Wall Street Journal: “Republicans have the power to raise the debt ceiling by themselves, and they will try to do that in their tax, border, energy and spending-cuts legislation that would wrap many of President-elect Donald Trump’s priorities into one bill. That would be the first one-party debt-limit increase since 2010.”

“If Republicans’ efforts collapse, however, they will need to turn to Democrats to avert a potential government default around the middle of the year, possibly setting the stage for more deadline drama. While many Democrats have made clear they won’t just sign off on a GOP plan that kicks the debt ceiling to the next Congress or next president, they have signaled support for effectively getting rid of the debt-ceiling threat altogether.”

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About Political Wire

goddard-bw-snapshotTaegan 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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