Senate Minority Leader Mitch McConnell (R-KY) just offered some advice to Democrats.
If they are expecting Republicans to help them raise the debt ceiling, they better think again.
To that point, McConnell is recommending they push it through in the upcoming reconciliation bill.
We Won’t Support It
During the Trump administration, the government was given until July 31, 2021, to continue to borrow money.
That deadline is fast approaching at the same time Democrats are trying to push through massive spending bills.
The extension did not come easy when Trump was in office, and now McConnell says it has no shot of being extended again if Democrats are relying on Republican support.
He stated, “I can’t imagine there will be a single Republican voting to raise the debt ceiling after what we’ve been experiencing.”
As Senator Lindsey Graham (R-S.C.) hinted earlier, the ONLY way Republican support would be given is with some major concessions…
DEBT CEILING: @LindseyGrahamSC says next week he will lay out GOP demands in exchange for vote to suspend debt ceiling
— Erik Wasson (@elwasson) July 20, 2021
Even then, it might be hard to scrub up the 10 votes that would be needed from the right side of the aisle.
Senator John Thune (R-S.D.) stated as much when he was asked about the debt ceiling being raised, stating, “I’d say it’s unlikely.”
If the debt ceiling is not raised, it will then be up to the Treasury Department to use “extraordinary measures” to keep the government solvent.
Keep in mind, all this is happening as Joe Biden’s economy is crumbling under his feet.
This has all the makings of an imminent crash, exactly what Joe Biden promised the American people would NOT happen on Tuesday afternoon.
Source: The Hill
