Giddy from hearing perhaps the most liberal inaugural speech in a lifetime, many liberals are celebrating the Republicans’ retreat on the debt ceiling. The House Republicans’ feint may be working.
In actuality, the plan to push back the debt ceiling by three months and attach a “No Budget, No Pay” provision to the legislation is one of their smartest moves in recent times. It simultaneously positions Republicans on firmer ground to advance their goal of achieving spending reductions and deprives Democrats of being simultaneously for something and against it.
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