I spoke to Josh Green for his Bloomberg piece on the anticlimactic finish to the debt limit saga.
Assuming McCarthy can whip a majority of his members to support the bill and Democrats supply the remaining votes, we won’t have to think about the 80th debt-ceiling fight until after the next presidential election. By then, passions may have cooled. Reason might prevail. Members of Congress might finally see the debt ceiling as the fool’s gold that it always is.
“When Dems were freaking out because Biden was caving, that felt really good for Republicans,” says Liam Donovan, a Republican strategist and debt-ceiling expert. “Now that they’re looking at the deal, it’s turning into a bitter pill. I hope it makes them think this isn’t worth doing again.”
As we all know, it probably won’t.
Read the full piece here.