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The Guardian - US
The Guardian - US
Business
Jill Filipovic

The US debt ceiling crisis is more proof of Republicans’ cynicism and bad faith

‘The Republican proposal would leave a great many Americans worse off – but it would be a boon for oil executives and wealthy tax avoiders.’
‘The Republican proposal would leave a great many Americans worse off – but it would be a boon for oil executives and wealthy tax avoiders.’ Photograph: Bonnie Cash/UPI/Shutterstock

The shamelessness and recklessness of today’s Republican party seems to know no bounds. As the deadline for raising the debt ceiling or defaulting rapidly approaches, the party continues to hold the country hostage, telling Democrats: give us what we want – things we cannot get by going through normal democratic processes – or we will pitch the global economy off a cliff.

Democrats in Congress are doing their best to get their Republican colleagues to behave rationally, but it’s notoriously difficult to negotiate with terrorists. The Republicans want major spending cuts, but they want to force those cuts through by threat instead of having to legislate normally. And the cuts they’re asking for are appalling: they include slashing funds to things like cancer research, rental assistance for the poor, support for schools with large numbers of low-income students, and pay for Americans in uniform. The Republican bill would end Biden’s attempt at student loan debt relief, repeal tax breaks for renewables and clean energy while increasing reliance on fossil fuels, raise already-onerous work requirements to receive food stamps and welfare benefits, and decrease the efficiency and abilities of the IRS.

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