Here’s the latest on the debt ceiling from TPM. Sigh. This could easily go sideways. It’s a clown show. And after all, Marge Greene is the shadow speaker of the House. Kevin McCarthy is Speaker in name only:
Speaker of the House Kevin McCarthy (R-CA) has such a tenuous grip on his own conference that the debt-ceiling hostage-taking he is attempting to pull off has all the hallmarks of the bumbling kidnapping capers you see in the movies:
-The House GOP can’t agree amongst themselves what to ask for as ransom.
-They can’t get the White House to take them seriously enough as a ragtag band of kidnappers to engage in negotiations.
-They keep threatening dire consequences for not taking them seriously but are repeatedly hobbled by their own lack of consensus.
At this point, McCarthy wants the House to vote by the end of the month on a package that combines the debt ceiling with draconian spending cuts, but he clearly doesn’t have (i) internal agreement on those cuts or on how much to raise the debt ceiling by; or (ii) the votes to push a package through as early as next week.
McCarthy is preparing to bypass the House committees altogether and cobble together a package on the floor himself, Punchbowl reports. If wishing and hoping were a plan …
One word of warning: Political reporters are doing McCarthy a favor by calling what he’s presenting publicly, including in his speech yesterday to the NYSE, a “plan.” It’s not a plan yet. It skews the coverage to pretend it is a plan. McCarthy is taking advantage of this journalistic failure to try to leverage pressure on the White House. The White House ain’t stupid and isn’t biting.
I hope not. McCarthy doesn’t have the votes. He doesn’t even have a plan. Why would the White House interfere?
Update: This is the lunacy they are dealing with: