Republicans are refusing to raise the debt ceiling. Go figure

Catherine Rampell  |  July 30, 2021

Op-ed by Catherine Rampell, includes “A Democrat is back in the White House. Which means, right on schedule, Republicans are again trying to take the economy hostage — by refusing to raise the U.S. debt limit. … To be clear, a debt-ceiling increase does not authorize new spending; it just raises the arbitrary cap on how much the government can borrow to pay off bills that it has already committed to. … Per usual, it’s left to Democrats alone to do the right thing. And somehow they’ll still get punished in the process.”

Read the full article on: The Washington Post

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