Commentary: Democrats shouldn’t just raise the debt ceiling, they should double it

Published by
Chicago Tribune

Democrats need to recognize that Sen. Mitch McConnell and the Senate Republicans are not bluffing: They will not vote to raise the debt ceiling. Republicans believe that a failure to raise the debt ceiling will hurt the Democrats electorally more than themselves — and Republicans are right. No one is certain of the economic consequences of the U.S. failing to raise the debt ceiling and defaulting on its promises — it’s never happened.The Congressional Budget Office notes that if the debt ceiling is not raised the government would have to delay making payments (think of retirees not getting Soc…

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