Robert Reich

Robert Reich

Biden should IGNORE the debt ceiling: Don’t declare an X-date. Keep paying the bills. Don’t default.

If McCarthy and House Republicans don’t like it, let them take him to court

Robert Reich
May 22, 2023
∙ Paid

Friends,

I want to start today with a bit of history that sheds some light on what’s happening in Washington this week and what Biden should do about the debt-ceiling crisis created by Kevin McCarthy’s Republican House.

On October 22, 1985, Treasury Secretary James A. Baker III told congressional leaders that if Congress failed to raise the debt ceiling …

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