The Republican Party appears hell bent on continuing to play an increasingly dangerous political game at the expense of America.
The Treasury Secretary warned Congress that the country will reach its limit on borrowing on October 18, 2021.The secretary has been taking extraordinary measures for months to avoid defaulting on its debts. It has warned of catastrophic consequences if the country were to default on its loans. Saying that edging up the deadline can cause “serious harm to business and consumer confidence, raise borrowing costs for taxpayers and negatively impact the credit rating for the United States for years to come,”
But Republicans have suggested Democrats raise the debt limit as part of their $3.5 trillion package of social welfare programs. Democrats have been reluctant to do that because it would link borrowing for previous spending decisions with the package of POTUS priorities that have not yet been approved. The GOP is politically dangerous to the country because they appear to be untethered from any cohesive political, moral, logical or practical ideology.
The GOP leadership is rejecting a plan by the Democrats to spend $3.5 trillion for the American people over the next ten years versus $2.1 trillion in one year 2019 for major corporations.