Biden -- And Every Democrat -- Must Stand Strong Against Debt Blackmail [View all]

https://www.nationalmemo.com/debt-ceiling-2659290285

While Speaker Kevin McCarthy demands transparency from the Biden White House, he has concealed crucial facts from the American public ever since he forged the "corrupt bargain" that greased his ascension to the constitutional post he now holds. The details of the agreement that allowed McCarthy to scrape together the barest majority are said to be set down in a three-page memorandum, which remains hidden.

What we already know, however, is that McCarthy arranged for ordinary Americans to subsidize his sleazy deal with the far Right when he promised to withhold approval of a higher debt ceiling until Democrats agree to enormous budget reductions — including harsh cuts to Social Security, Medicare and Medicaid.

Unless Senate Democrats and the White House surrender to those absurd demands, and Senate Republican leader Mitch McConnell, too, House Republicans insist they will force the United States to repudiate its debts and wreck its credit.

Debt repudiation would have devastating consequences for the national economy, the global economy, and America's position in the world. The only beneficiaries would be the adversaries of the United States. That much is obvious. And if it is, then aren't those politicians who constantly proclaim their own patriotism but seek to drive the country into ruin shouldn't even contemplate such acts — unless they're not so patriotic after all?

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