Political Quotes

“we have seen this movie before. The Senate finds itself in familiar territory. The United States narrowly avoided hitting the debt ceiling over a year ago, but now we are staring down the barrel of another debt crisis. The United States hit the debt limit last Thursday, according to the Secretary of Treasury, and now the Treasury is using what they refer to, euphemistically, as ``extraordinary measures'' in order to prevent the government from defaulting on its debts. Unless the Congress takes action in the coming months, the American economy will be confronted with an unprecedented crisis. But here is what I find strange: Despite the fact that we are hurtling toward this disaster, the White House seems completely disinterested in finding a solution. President Biden has drawn a redline. He said: We are not going to negotiate on the debt ceiling. In other words, he expects Congress to raise the debt ceiling with no conditions attached and let this reckless runaway spending and outrageous debt continue to rise. Now, I don't want to disparage drunken sailors, but it seems to me that that is the model for how the White House is responding. It is as if you or I were spending beyond our means on our credit card, and then the issuer of the credit card said: You know, you are going to have to pay the money back at some point. And you say: To heck with that.…”