'It is hard to think of a better way for Biden to boost his reelection campaign than by securing a huge bipartisan win on the debt limit and permitting reform.' -dcexaminer
Despite his advanced age of 82, President Joe Biden’s closest advisers insist that “he's mentally sharp,” and that may be true on most things. But when it comes to the impending limit on the federal government’s authority to borrow money, Biden is lost in fantasy land, and he needs to join Republicans back in reality before the economy gets hurt.
But this Wednesday, McCarthy stunned the White House by succeeding where his predecessors had failed. By a 217-215 vote, House Republicans passed their Limit, Save, Grow Act, which paired a raise in the Treasury Department’s borrowing authority with much-needed permitting reform, a cancellation of Biden’s illegal college debt amnesty, and modest reforms to the food stamp and Medicaid programs.
And that is exactly what the Limit, Save, Grow Act is: “the only bill actually moving through Congress that would prevent default.” McCarthy has shown that the votes for Biden's"clean" hike, which is really a dirty hike intended to trap political opponents rather than work with them, don’t exist in the House. Given Manchin’s support for the substance of McCarthy’s bill, it isn’t clear Biden even has 50 votes, let alone 60, in the Senate, either.
This is fantasy. Everyone knows that if Biden meets with McCarthy, which he will, they will negotiate terms. There is no other reason for them to meet.
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