So it seems like the debt ceiling will be raised. Not to worry, though, there are several more rounds of this drama awaiting us:
- We get not one, but two more debt ceiling votes in the immediate future, like Republicans wanted.
- The McConnell notion of a future debt vote in which the president can get a small partial raising of the debt limit if he agrees it’s all on his own head, upon which Congress gets to have a meaningless “no” vote to wash its hands of it.
- But that’s not good enough, so we also include the formation of Super Congress! It’s a Republican-desired committee tasked with making up to $1.5 trillion in budget cuts, so that Congress doesn’t have to do the dirty work itself. Then Congress gets to vote on whether to adopt those cuts…
- … and we get the Republican demand of a “trigger,” because if those committee-proposed cuts get voted down by Congress, presuming the committee can even produce recommendations in the first place (the last one couldn’t), we get cuts anyway, in the form of mandatory across-the-board cuts of as much as $1.5 trillion.
- As the GOP insisted, there are no new revenues. No tax increases.
If the Democrats were going to roll over and play dead anyways, then what was the point of the whole drama, I wonder?
I’m getting a sinking feeling we are never going to get out of this whole mess.