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To "avoid economic catastrophe," said Democratic Rep. Brendan Boyle, "we must try whatever it takes."
House Democrats on Wednesday formally launched a longshot bid to raise the debt ceiling through a procedural maneuver known as a discharge petition, which would force a floor vote on a debt limit increase without the approval of Republican Speaker Kevin McCarthy.
The move came after McCarthy and other congressional leaders sat down with President Joe Biden at the White House on Tuesday, a meeting that did not yield an agreement as Republicans continue to push for steep spending cuts and work requirements that Democratic lawmakers say are cruel nonstarters.
Rep. Brendan Boyle (D-Pa.), the top Democrat on the House Budget Committee, filed the discharge petition on Wednesday morning, tellingThe Wall Street Journal that "we must raise the debt ceiling now and avoid economic catastrophe."
“We only have two weeks to go until we may hit the X-date," said Boyle, referring to the Treasury Department's warning that the federal government may no longer be able to pay its bills by June 1 if Congress doesn't increase the debt limit, raising the possibility of a default.
A discharge petition requires at least 218 signatures to force a floor vote, meaning a minimum of five House Republicans would need to join every Democrat in supporting the effort. In a letter to his caucus on Wednesday, House Minority Leader Hakeem Jeffries (D-N.Y.) wrote that it is "imperative that members make every effort to sign the discharge petition today."
"In the next few weeks, at the reckless urging of former President Trump, we confront the possibility that right-wing extremists will intentionally plunge our country into a default crisis," Jeffries wrote. "Emerging from the White House meeting, I am hopeful that a real pathway exists to find an acceptable, bipartisan resolution that prevents a default."
Citing a former House parliamentarian, the Journal noted that "if Democrats gather all the signatures in one day, the earliest the bill could come to the House floor is June 8, assuming the House keeps its current schedule."
"The Senate would then have to pass it, too," the Journal added.
It's not yet clear what legislative language House Democrats intend to attach to the discharge petition.
\u201cNEW: Dems will gather signatures today on the \u201cdischarge petition,\u201d their backup plan to raise the debt ceiling. @RepBrendanBoyle will file the petition at 10am. \n\n@RepJeffries encourages Dems to sign it today. It needs 218 supporters, so at least 5 GOP would need to back it.\u201d— Kyle Stewart (@Kyle Stewart) 1684329222
Boyle acknowledged the discharge petition is "not a high probability move" but said that "we must try whatever it takes."
"I urge my Republican colleagues, especially those who like to call themselves moderate at election time, to join us and ensure America pays its bills," Boyle added.
House Republicans have pushed the U.S. to the brink of default by using the debt ceiling as leverage to pursue sweeping spending cuts to key safety net programs, a massive giveaway to Big Oil, and other right-wing policy goals.
Congressional Democrats and the White House have called for a clean debt ceiling increase, but in recent weeks the president has shown an openness to negotiating with the GOP on spending and work requirements, alarming progressives who say any concessions to hostage-taking House Republicans would be met with backlash.
"Democrats cannot give ground on work requirements in the debt ceiling talks," Rep. Pramila Jayapal (D-Wash.), the chair of the Congressional Progressive Caucus, tweeted Tuesday. "All work requirements do is limit the availability of food aid for families and hurt poor, marginalized communities—the very people we were elected to defend."
Sen. John Fetterman (D-Pa.) said Tuesday that he could not "in good conscience support a debt ceiling proposal that pushes people into poverty."
Sen. Elizabeth Warren (D-Mass.) echoed that position, calling the GOP's proposed work requirements "despicable" and saying she "cannot support a deal that is only about hurting people."
In remarks on Wednesday, Biden said he is "not going to accept any work requirements" that impact "medical health needs of people," an apparent reference to Medicaid.
But the president, who is facing growing pressure to act unliterally to raise the debt limit, added that "it's possible there could be" work requirements for other programs in a possible deal with Republicans, who have advocated additional work mandates for recipients of Supplemental Nutrition Assistance Program (SNAP) and Temporary Assistance for Needy Families (TANF) benefits.
Analysts have warned that the work requirements put forth by the House GOP would strip food aid from millions of people, including many children.
Rep. Jamaal Bowman (D-N.Y.) toldSemafor on Tuesday that "we're giving credibility to the Republican Party as hostage-takers by even having these meetings and saying publicly... that we're willing to negotiate on something like SNAP benefits."
"Why are we even giving credibility to a party that has not negotiated anything in good faith?" Bowman asked.
"House Democrats are taking action to bring a clean bill raising the debt ceiling to the floor and end this game of high-stakes political chicken," said Democratic Rep. Jasmine Crockett.
House Democrats on Tuesday unveiled their closely held plan to force a vote on a debt ceiling hike "without extreme conditions," a remote bid to prevent the chamber's GOP majority from unleashing an unprecedented and severely damaging U.S. default.
Less than 24 hours after Treasury Secretary Janet Yellen warned that the federal government may not be able to meet its financial obligations beyond June 1 unless Congress raises or suspends the nation's arbitrary borrowing limit before then, House Minority Leader Hakeem Jeffries (D-N.Y.) announced a so-called "discharge petition" effort to "avert the Republican-manufactured default crisis."
The rarely used gambit compels floor action on legislation backed by a majority of House lawmakers. Democrats are seeking to force a vote on a fresh bill to increase the debt ceiling over the objections of Speaker Kevin McCarthy (R-Calif.), who controls the floor and has demanded trillions of dollars in devastating spending cuts in exchange for the GOP votes needed to avoid a worldwide economic disaster.
As The Hill reported:
The discharge petition—an obscure mechanism empowering 218 lawmakers to pass bills the speaker refuses to consider—is almost never successful, because it requires members of the ruling party to defy their own leadership.
Democrats, with 213 members, would need to find five Republicans willing to sign on. And some Republicans are already warning that it'll never happen, especially after GOP leaders last week were successful in passing a debt ceiling package through the lower chamber.
"They're not going to get any Republicans," Rep. Scott Perry (R-Pa.), head of the far-right Freedom Caucus, told the outlet. "We already passed our bill."
The so-called Limit, Save, Grow Act passed last week by House Republicans would raise the debt ceiling, but only in conjunction with measures to slash the nation's already tattered social safety net, weaken efforts to crack down on wealthy tax cheats, repeal clean energy investments, and more.
Senate Majority Leader Chuck Schumer (D-N.Y.) has said the bill is "dead on arrival" in the upper chamber. President Joe Biden—who was vice president in 2011 when GOP lawmakers weaponized the debt ceiling to impose austerity and hurt the nation's credit score in the process—has also refused to entertain Republicans' plot to treat the global economy as a bargaining chip to advance attacks on programs that benefit working-class households.
According to The Hill: "Some moderate Republicans have already floated a willingness to join Democrats on a discharge petition if Congress inches too close to a federal default with no resolution in sight. Rep. Brian Fitzpatrick (R-Pa.), a co-chair of the centrist Problem Solvers Caucus, said earlier in the year that he might do so—'if that's necessary.'"
The challenge before House Democrats, in the words of Steven Harper, is to find "five rational Republicans willing to save the U.S. economy."
In a "Dear Colleague" letter sent to House Democrats on Tuesday, Jeffries wrote:
A dangerous default is not an option. Making sure that America pays its bills—and not the extreme ransom note demanded by Republicans—is the only responsible course of action. Since 1960, the debt ceiling has been extended or revised 78 separate times—49 under Republican administrations and 29 under Democratic presidents.
Most recently, under former President [Donald] Trump, Democrats voted three times to raise the debt ceiling without gamesmanship, brinksmanship, or partisanship. For the good of the country, extreme MAGA Republicans must do the same.
"House Democrats are working to make sure we have all options at our disposal to avoid a default," Jeffries added.
The newly revealed strategy was quietly hatched in January when Rep. Mark DeSaulnier (D-Calif.) introduced "The Breaking the Gridlock Act" and kept confidential until now.
In the wake of Yellen's warning, Rep. Jim McGovern (D-Mass.), the top-ranked Democrat on the House Rules Committee, introduced a "special rule" on Tuesday, during a pro forma session held while the House was in recess.
"The next step in the process is filing a discharge petition, which will start the signature-gathering process," The Hill explained. "The petition, however, cannot be filed for seven legislative days after the special rule is introduced, meaning the earliest signatures can begin to be collected is on May 16."
According toThe New York Times, McGovern's "open-ended rule would provide a vehicle to bring Mr. DeSaulnier’s bill to the floor and amend it with a Democratic proposal—which has yet to be written—to resolve the debt limit crisis."
As the newspaper reported:
The strategy is no silver bullet, and Democrats concede it is a long shot. Gathering enough signatures to force a bill to the floor would take at least five Republicans willing to cross party lines if all Democrats signed on, a threshold that Democrats concede will be difficult to reach. They have yet to settle on the debt ceiling proposal itself, and for the strategy to succeed, Democrats would likely need to negotiate with a handful of mainstream Republicans to settle on a measure they could accept.
Still, Democrats argue that the prospect of a successful effort could force House Republicans into a more acceptable deal.
Rep. Jasmine Crockett (D-Texas) described the discharge petition as "an extraordinary action to address the extraordinarily disastrous position Speaker McCarthy has put our country in."
"By using the debt ceiling as a ticking time bomb hanging over the heads of the American people," Crockett continued, "Republicans are threatening to send our country into a full recession if they don't get to check off every box on their extreme conservative wishlist."
"Republicans are treating this debt ceiling negotiation as a hostage situation—with the American people as the hostages," she added. "In response, House Democrats are taking action to bring a clean bill raising the debt ceiling to the floor and end this game of high-stakes political chicken."
According to the Times:
House Democratic leaders have for months played down the possibility of initiating a discharge petition as a way out of the stalemate. They are hesitant to budge from the party position, which Mr. Biden has articulated repeatedly, that Republicans should agree to raise the debt limit with no conditions or concessions on spending cuts.
But behind the scenes, they were simultaneously taking steps to make sure a vehicle was available if needed.
The discharge petition process can be time-consuming and complicated, so Democrats who devised the strategy started early and carefully crafted their legislative vehicle. Insiders privately refer to the measure as a "Swiss Army knife" bill—one that was intended to be referred to every single House committee in order to keep open as many opportunities as possible for forcing it to the floor.
The American Prospect's executive editor, David Dayen, warned on social media that "the timing of a discharge petition is such that this needed to start at the beginning of the Congressional session; probably too late now."
In the absence of congressional action, Yellen—who has supported proposals to permanently eliminate the federal government's borrowing cap as most countries around the world have done—still has the authority to avert an economic calamity by minting a trillion-dollar platinum coin.
On Monday, former Labor Secretary Robert Reich urged Biden to "play hardball by ignoring" the GOP. As legal experts have argued, the 14th Amendment to the U.S. Constitution prohibits "fiscal obstructionism," and even the right-wing-controlled U.S. Supreme Court, some observers predict, would likely support the Biden administration.
The immediate task is simple: Raise the nation's debt limit and thereby avert a U.S. recession and worldwide economic disaster.
Five is a magic number. A mere five Republicans in the U.S. House of Representatives must step up—and soon.
They must join all House Democrats to prevent a massive, self-inflicted national wound. They must place their country above a nihilistic, anti-democratic—with a small “d”—GOP that obfuscates and excuses the January 6 insurrection as a “peaceful protest.” They must weather the wrath of a MAGA-dominated Republican party.
And so far, they are missing in action.
The immediate task is simple: Raise the nation’s debt limit and thereby avert a U.S. recession and worldwide economic disaster.
Incorrectly characterizing America’s debt ceiling, congressional Republicans suggest that it’s analogous to an individual’s credit card: “You hit the limit and can’t spend anymore.”
"The best way to defeat any Democrat in 2024 is to kill the economy. Refusing to raise the debt ceiling might do the trick."
But the nation’s debt limit has nothing to do with future spending. Raising the ceiling merely allows the federal government to pay debts it has already incurred for expenditures that Congress previously approved.
The U.S. Constitution has already spoken on this issue: “The validity of the public debt of the United States… shall not be questioned.”
Even so, if Republican extremists who control House Speaker Kevin McCarthy (R-Calif.) prevail, sometime this summer the U.S. Treasury will exhaust the extraordinary measures now underway to avert defaulting on that debt. The nation and the world could nosedive into an economic recession or worse.
Democrats and Republicans raised the ceiling three times under President Donald Trump as he increased the national debt by $7 trillion. So what new urgency prompts the current GOP trek toward economic apocalypse?
A partial answer is that President Joe Biden is a Democrat. The best case for any Democratic victory in 2024 is the economy. It has come roaring back on his watch: More jobs created in the first two years than any president in history, bipartisan support for historic infrastructure investment and climate action, easing inflation, falling gas prices, and more. The best way to defeat any Democrat in 2024 is to kill the economy. Refusing to raise the debt ceiling might do the trick.
The nation’s debt limit has nothing to do with future spending. Raising the ceiling merely allows the federal government to pay debts it has already incurred for expenditures that Congress previously approved.
America has been down this road. Before the midterm elections in 2010 ushered in the first GOP Tea Party candidates, Sen. Mitch McConnell (R-KY) declared that making President Barack Obama a one-term president was “the single most important thing we want to achieve.” Republicans then won control of the House.
A year later, McConnell played the debt-ceiling card. Only 72 hours before a U.S. default in 2011, McConnell agreed to raise the limit in return for cuts in future government spending. Along the way, he also killed Obama’s proposal for tax increases on the wealthy as an alternative method of balancing future budgets.
But in the weeks leading up to that 11th-hour resolution, uncertainty surrounding the negotiations roiled financial markets. Stocks plummeted and didn’t recover for months. Volatility spiked; interest rates increased; S&P downgraded the nation’s debt rating; and the country’s borrowing costs went up by $1.3 billion.
President Obama still won a second term. And this time around, even McConnell sees the folly of threatening a U.S. government default.
“In the end, I think the important thing to remember is that America must never default on its debt. It never has, and it never will,” McConnell said last month. “We’ll end up in some kind of negotiation with the administration over what the circumstances or conditions under which the debt ceiling [will] be raised.”
McConnell assumes that reasonable minds will prevail. But today’s House Republicans make that a dangerous assumption.
The fact that President Biden is a Democrat is not the only reason for Republican obstruction. After all, following the 2011 debacle, Republicans approved additional debt limit increases during the Obama administration with far less drama. But this time really is different.
The embarrassing spectacle of McCarthy’s election as Speaker makes clear that a few far-right extremists now control him and the GOP’s House majority. Economic ruin doesn’t scare them. At their core, they are nihilists. Destruction is in their DNA.
Negotiate, McConnell says. How can anyone negotiate with hostage takers who refuse to say what they want? Beyond unspecified cuts to future spending, the GOP won’t even list its demands. But a few “emerging GOP ideas” have appeared.
During his State of the Union speech, President Biden noted correctly that some Republicans in Congress had proposed “sunsetting” Social Security and Medicare. He was referring to Sen. Rick Scott’s (R-FL) infamous 11-point plan to “rescue America,” which would require congressional re-enactment of all federal legislation – including Social Security and Medicare – after five years.
From the audience, Rep. Marjorie Taylor Greene (R-GA) yelled, “Liar.” When other Republicans joined her heckling, Biden embraced their new collective promise not to cut those programs:
“So, folks, as we all apparently agree, Social Security and Medicare is off the books now. Right? All right. We've got unanimity!”
Republicans applauded the line. Time will tell if the GOP promise sticks.
Other Republican “ideas” would actually increase spending, such as additional border wall funding. Likewise, House Republicans have already voted to approve another GOP “idea”: reduce $80 billion in previously authorized IRS funding slated to hire 87,000 more employees and modernize antiquated systems. But the nonpartisan Congressional Budget Office estimated that the Republican plan would actually increase the deficit because it would reduce federal revenue by $186 billion.
The most candid of the congressional far-right extremists would refuse to increase the debt limit at all and allow the economy to go off a cliff—like the title characters in Thelma & Louise speeding into the Grand Canyon.
Prominent financial players, including Bank of America CEO Bryan Moynihan, hope that default doesn’t happen. But as Moynihan observed on February 6, “Hope is not a strategy.” He is preparing his institution for a possible U.S. default, and he’s not alone.
Five rational Republicans in the House can stop the madness, provided the Democratic candidate wins Virginia’s February 21 special election for a currently open seat.
Otherwise, it will take six.