Each time the government reaches the “limit,” it gets raised with the familiar scenarios that include threats of a government shutdown and the claim that the “full faith and credit” of the U.S. is at stake. We have faith and credit? Who knew?
But maybe not this time. House Republicans have passed a bill that could put Senate Democrats and President Biden on the defensive. Yes, it would raise the debt limit, though for only one year, but it would also do something unheard of in Washington in recent years, and that is reduce spending. Clearly not interested in the House bill, Sen. Richard Blumenthal, Connecticut Democrat, said: “I think we need to focus on the debt ceiling. There’s an urgency here that absolutely requires immediate attention.”
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