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Biden must remain firm on not negotiating debt ceiling [1]

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Date: 2023-05-12  

x Look, I’m all for fiscal responsibility. But you shouldn’t have to hurt working families in the process.



My budget cuts billions in spending by strengthening Medicare’s negotiating power and reducing tax subsidies for Big Oil and Gas companies. — President Biden (@POTUS) May 11, 2023

He did the same thing in his speech about the situation in New York this week. “I believe in cutting spending and cutting the deficit,” he told the crowd. “America has the strongest economy in the world, and we should be cutting spending and lowering the deficit without a needless crisis, in a responsible way,” he said.

Look how he frames the message that he is making oil and gas companies start paying their fair share: “For example, my budget cuts $30 billion in wasteful spending on tax subsidies to the gas and oil companies.” That’s not a cut! That’s getting money back that this huge industry owes the federal government.

That’s just ceding rhetorical ground to Republicans and giving their position undeserved legitimacy. This is a very big red flag. If that’s softening us up to get us prepared for concessions to Republicans on cuts, it’s bullshit and is going to undo so much of what Biden achieved earlier this year in taking Social Security and Medicare cuts off the table.

What Biden could be out there talking about is the fact that he doesn’t need to negotiate the debt ceiling because he has a constitutional ace in the hole. His movement this week toward the argument that the 14th Amendment could allow him to act unilaterally was encouraging. His caveat that he’s not considering it now, but for the next time the Republicans take the economy hostage, was not.

The constitutional experts are telling him that he doesn’t have to wait. “I don’t think there is any litigation to fear,” Lawrence Tribe, a constitutional law scholar who teaches at Harvard Law School, told reporters.

Rather than waiting for the courts to give him permission, he could just act. He could tell the Republican-controlled Congress to sue him for doing the job of paying the debts they incurred, and dare the Supreme Court to decide if the nation should go into default.

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