![]() ![]() “With each passing day, making our debt payments to businesses and governments around the world would become more and more difficult. Here’s how Obama’s speechwriter Jon Favreau described the stakes in 2011, before Boehner yielded at the 11th hour: None of that stuff is going to pass." Thanks in part to Trump’s seditious temper tantrum after his own loss, Democrats won both special elections in Georgia and with them control of the Senate but even as minority leader McConnell is doing his damnedest to kill Democrats’ dreams-even when their dream is to pay our bills and keep America’s economy and the foundation of the world economy intact. Running last year, McConnell said “If I’m still the majority leader in the Senate, think of me as the Grim Reaper. Of the 57-percentage-point increase in the debt to GDP ratio since 1960, 52 of them came when a Republican sat in the Oval Office. But there’s no excuse at all for refusing to pay back debts America has already incurred, and it’s been Republicans who’ve done the most to run up that tab. McConnell is threatening to take us to the edge again, or over it this time, in the hopes that he can convince the country that Democrats are not fit to govern. Veterans and Social Security recipients feared their checks would stop arriving. Global markets trembled and there was a market sell-off here. As it dragged on, Standard & Poor’s downgraded America’s debt, meaning taxpayers had to pay $1.3 billion more to borrow money. We got an inkling of what could happen in 2011, when then-House Speaker John Boehner went to the absolute last minute before raising the ceiling as a way to torment Barack Obama. Pay it and the parties go on to fight another day. In less than three weeks, the bill for the Trump-McConnell tax cut for the elites they both pretend to hate, along with everything else the country has spent money on in recent years, comes due. ![]() This isn’t about future spending or Democrats’ plans it’s about refusing to pay debts we’ve already incurred. There are lots of things you can say about Cocaine Mitch, but you can’t say he broke his vow to make stopping Biden “100 percent of his focus.” His willingness to imperil the full faith and credit of the United States to do so is more proof than the country can stand. Now he’s actively stopping them from doing the right thing on their own. This went beyond his already irresponsible threat not to lift a finger to help Democrats lift it. Mitch McConnell won another round in his quest for world domination when he blocked Democrats’ effort to act responsibly and step up to the thankless task of raising the debt limit. Photo Illustration by Kelly Caminero/The Daily Beast/Getty ![]()
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