Debt Ceiling: Yellen Warns US Could Default by June

Debt Ceiling: Yellen Warns US Could Default by June
Image copyright: npr

The Spin

Republican narrative

The GOP has compromised by passing a bill that has the potential to raise the debt ceiling, while Democrats — wishing to extend the nation's credit card limit without any repercussions — have so far produced nothing but complaints. It's now up to Democrats to find a middle-ground between themselves in raising the ceiling while addressing the nation's dreadful fiscal state — just as Republicans have successfully managed to do.

Democratic narrative

The House debt ceiling bill was never expected to pass into law and is simply a message from the GOP. There's no universe in which a clean debt ceiling raise isn't politically advantageous for everyone — yet the GOP continues to ignore this in order to advance its own selfish interests. Despite claims to the contrary, the nation's economic health continues to be held hostage by the far-right of the party.

Cynical narrative

While Republicans and Democrats continue to claim that they "understand the danger" that the US will face if no agreement is reached, both sides continue to gamble with a default-catalyzed economic crisis, continuing a historical trend of disasters occurring because of partisan games that disregard the lives of millions. Both sides must remember the lost art of bipartisanship and come to a compromise together before it's too late.

Metaculus Prediction


Public Figures


Political split

LEFT

RIGHT

More neutral political stance articles

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Sign Up!
Sign Up Now!