As we hurtle toward another dance with the debt ceiling, it is imperative that we keep two things in mind.
During the debt-ceiling scariness last year, Mitch McConnell devised a way for the debt ceiling to be raised by the president and signed off on by Congress. It was ingenious.
Congress can’t do anything without a gun to its head. And even then, it is way too willing to play Russian Roulette. As we saw last year during the scuffle over raising the debt ceiling, Congress came very close to pulling the trigger on a gun loaded with bullets.