President Biden Blames the Former Party of Lincoln for the Looming Debt Crisis

President Joe Biden used a presentation on the looming debt limit crisis to place the blame for this potential financial catastrophe on the political party that is doing the bidding of America’s enemies: the former Party of Lincoln that is led by the twice impeached Donald Trump, Moscow Mitch Enemy of the People McConnell, and Keven Enabling McCarthy.

In remarks to the American People and the press, Mr. Biden said:

“Raising the debt limit comes down to paying what we already owe, what is already been acquired, not anything new. It starts with a simple truth. The United States is a nation that pays its bills and always has from its inception. We have never defaulted. What we pay for so it keeps us a great nation, Social Security benefits for seniors, salaries for brave service members and benefits for veterans and other financial obligations for our people and for our nation…”

“…So let me be really clear, this is really important to know. Raising the debt limit is about paying off our old debts. It has nothing to do with any new spending being considered. It has nothing to do with my plan for infrastructure or building back better. Zero. Zero. Both of which I might add are paid for. So if we’re going to make good on what’s already been approved by previous Congresses and previous presidents and parties, we have to pay for it. Social security benefits the American people are promised, salaries for servicemen and women, benefits for veterans…”

“…And raising the debt limit is usually a bipartisan undertaking, and it should be. That’s what is not happening today. The reason we have to raise a debt limit is in part because of the reckless tax and spending policies under the previous Trump Administration. In four years, they incurred nearly $8 trillion. In four years, $8 trillion in additional debt and bills we have to now pay off. That’s more than a quarter of the entire debt incurred now outstanding after more than 200 years. And Republicans in Congress raised the debt three times when Donald Trump was president and each time with Democrat’s support. But now they won’t raise it, even though they’re responsible for more than $8 trillion in bills incurred in four years under the previous administration. That’s what we’d be paying off. They won’t raise it even though the falling on the debt would lead to a self-inflicted wound that takes our economy over a cliff and risks jobs and retirement savings, Social Security benefits, salaries for service members, benefits for veterans, and so much more…”

“…They say Democrats should do it alone, but then they’re threatening to use a procedural power called a filibuster, meaning that we’d have to get 60 votes, not 50 votes to increase the debt limit. This would block the Democrats from meeting our obligations and responsibilities to prevent Congress from raising the debt limit. So let’s be clear, not only are Republicans refusing to do their job, they’re threatening to use the power, their power to prevent us from doing our job saving the economy from a catastrophic event. I think quite frankly, it’s hypocritical, dangerous, and disgraceful. Their obstruction and irresponsibility know absolutely no bounds, excuse me…”

“… A Meteor is headed to crash into our economy. Democrats are willing to do all the work stopping it. Republicans just have to let us do our job. Just get out of the way. You don’t want to help save the country, get out of the way, so you don’t destroy it…”

President Biden is right.

Republicans need to get out of the way.

The former party of Lincoln that is doing the business of America’s enemies is willing to throw this country off an economic cliff just so they can score political points with their Know-Nothing political base, obstruct the Biden/Harris agenda, and take no responsibility in governing.

That should not be surprising given their:

• Obstruction of virtually all major legislation proposed by the Clinton, Obama, and Biden Administrations.
• Support of a twice David Duke endorsed Presidential Candidate.
• Enabling of the big lie regarding the 2020 Presidential election and their efforts to suppress the right of the voters wherever they can.
• War on women and their right to choose.
• Opposition to mask and vaccine mandates which is incapacitating and killing many of their own true believers.

Do not be surprised if Democrats, the only political party that actually cares about governing and the well-being of the country and the people, do not provide for a debt limit increase in the budget reconciliation plan when that deal is finalized.

Voters should remember that when considering candidates in 2022, 2024, and beyond.

Remember Democrats were the ones that fought for you while Republicans supported fiscal insanity and widespread suffering.

It really should not be a hard choice at the ballot box when the time comes.