murshedz,
@murshedz@mstdn.social avatar

“Democrats could have tried to abolish this pointless and dangerous economic time bomb, but failed to do it.”

While Rs will be responsible if US , Ds also have themselves to blame for not being proactive when they had power. Great contextual breakdown from @ryanlcooper via @theprospect newsletter this am.

https://prospect.org/economy/2023-05-03-x-date-debt-ceiling-newsletter/

murshedz,
@murshedz@mstdn.social avatar

Cutting through the WH spin - @ddayen lays out in @theprospect how Biden + Cong Dems have essentially caved to Kevin McCarthy and the MAGA republicans - and they set themselves up for this surrender through their failure to take action in previous years. https://prospect.org/economy/2023-05-10-twelve-years-most-responsible-guy-debt-ceiling/

murshedz,
@murshedz@mstdn.social avatar

“Republicans, Democrats and Biden administration officials discussed dozens of categories of potential spending cuts.”

At this point Biden/Democrats just discussing their terms of surrender on this default crisis. Shameful.

murshedz,
@murshedz@mstdn.social avatar

Potential implications of a Biden's surrender that his team is negotiating with Republicans.

❌200k children kicked off headstart
❌640k families losing rental assistance
❌430k families facing eviction

@ryanlcooper w the ugly details @theprospect

https://prospect.org/economy/2023-05-15-if-biden-caves-debt-ceiling/

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