EDITOR NOTE: If the Democrats want to raise the debt ceiling to accommodate their trillions of dollars of deficit spending, they will have to do it without Republicans. Traditionally, Dems would need 60 votes to raise the debt ceiling, but 46 of the 50 Senate Republicans signed a letter agreeing not to do this. Without these votes, the party in power will have to pass a “budget reconciliation” to stop the U.S. from defaulting on its loans. They can do this with a simple majority of the 50 Democratic “yay's” and a tie-breaking vote from Vice President Kamala Harris. This fight over the financial future of the country is yet another example of how the government's out-of-control spending and irresponsible fiscal policies are leading down a path of economic ruin for the country. Both sides should get at least some of the blame for this, but the truth of the matter is we all know who will suffer the most: the Average American.
WASHINGTON — Most Republican senators have signed on to a pledge to force Democrats to raise the debt ceiling through procedures that don’t rely on GOP votes, escalating the political tug of war over who is responsible for keeping the U.S. from defaulting.
Sen. Ron Johnson, R-Wis., said in an interview that some 46 Republicans have signed on to a letter that he circulated during a rapid-fire series of votes on a budget resolution that kicks off Democrats’ efforts to pass a $3.5 trillion cornerstone of President Biden’s agenda.
“They shouldn’t be expecting Republicans to raise the debt ceiling to accommodate their deficit spending,” Johnson said.
The Democrats’ $3.5 trillion budget outline doesn’t include a measure to increase the U.S. government’s borrowing limit. Democrats plan to pass their antipoverty and climate plan through a process called budget reconciliation, which requires just a simple majority. In the 50-50 Senate, Democrats don’t have the 60 votes needed to pass a debt-ceiling increase through the ordinary legislative process.
Senate Minority Leader Mitch McConnell, R-Ky., had previously said Democrats shouldn’t expect any Republican help on the debt limit, and reiterated that position Tuesday.
Read more on WSJ