Prioritizing doesn't work. The US always makes its payments on time to everyone. Always. Failure to do that = default.
#DebtCeiling
7/x
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Republicans don't want to default. But they decided threatening something no one wants could help them win concessions.
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Normal negotiations go like this: I want A. You want E. We meet somewhere between B and D. Then we're both happy. 9/x
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Default threats are a hostage negotiation: I want A. You want E. We agree Z is bad. But you threaten Z to get E, instead of B, C, or D. 10/x
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#DebtCeiling hostage negotiations are bad for the country. And the global economy. We should get rid of it. 11/x1 reply 1 retweet 7 likesShow this thread -
To reduce spending,
#Congress should budget less future spending. Not use#DebtCeiling brinkmanship to default on old spending. 12/x3 replies 2 retweets 10 likesShow this thread -
Replying to @NGrossman81
Nick, yes but one of the central issues was that GOP leaders wanted longer deal so they could avoid repeated brinksmanship. 1/2
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Replying to @tgriffinnc @NGrossman81
Now, Dems have maneuvered Trump into accepting short-term deals as norm. Dems get regular opportunities for brinksmanship. Watch. 2/2
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Replying to @tgriffinnc
That was my first reaction (Trump got played). But debt ceiling brinkmanship hasn't produced good results, and created economic uncertainty
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Replying to @NGrossman81 @tgriffinnc
I doubt Dems will demand concessions for raising it next time. They haven't before. But if they do, I'll take this back.
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They wanted a short raise so Republicans have to vote to raise it again, which causes tension with the Freedom Caucus. Trump gave them that.
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