This whole debt ceiling business is a gigantic scam.
It comes up every several months, and when it does, politicians on both sides of the aisle spend a few weeks hyperventilating about it, with the GOP yammering that they will not approve a debt hike without some minor (and meaningless) Democrat concession of some sort, while the Democrats squeal that the GOP is playing fast and loose with the financial status of the US government and economy, and we’re all gonna die.
Pure theater, and not very exciting, or even amusing, theater at that.
Here’s the truth: the debt ceiling is always going to be hiked, no matter what. By the time it reaches a hundred trillion dollars (and a hundred trillion dollars will buy you a one- pound bag of rice), it will still be raised.
This is a non-issue, and Trump is absolutely correct to treat it as one. The GOP is just pissed because he’s taking one of their most prized hobby horses off the table and they lose one of their favorite venues for political posturing.
The GOP holds 52 (of 100) Senate seats. What do you think they’d be doing differently if they held 62 or 72?
Based on what I’ve seen, the answer is “Not a damn thing.”