Spoils of War

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Be Afraid. Biden’s Making a Deal.

Be Afraid. Biden’s Making a Deal.

Debt Ceiling Ritual Enters its Final Phase

Andrew Cockburn's avatar
Andrew Cockburn
May 17, 2023
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Spoils of War
Spoils of War
Be Afraid. Biden’s Making a Deal.
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The perennial ritual attending the expansion of the debt ceiling is entering its final phase in which Joe Biden gets to display his negotiating skills, with bleak results for most of us. As example, look to another occasion when the nation’s credit rating again teetered on the brink.

When Doing Nothing Would Have Earned $3.4 Trillion

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