Best case scenario – Congress and Senate might get bill to President with 3 days to go before default
It’s Saturday morning, May 27, 2023. As I look at my news feed, Fox News is reporting that the debt ceiling deal is falling apart. This isn’t much of surprise. Negotiations are always falling apart in DC. As my computer programming son would say, “It’s not a bug, it’s a feature. However, the real problem reveals itself in actually reading the article. Oh how sometimes I forget how crazy DC is.
The issue is there are only 8-9 days to go before America falls off the self-imposed financial cliff. So plenty of time – at least in the real world. However in the DC world (not to be confused with the more realistic DC Universe), time operates differently. As Fox points out, because of PROCEDURES, it will take Congress three days to get the bill through the House and on to the Senate. Then the Senate will need 2-3 days to get it through their chamber. So when we are talking about a timeline for a deadline to avoid the default date of June 5th, the negotiators need to get this done by Tuesday morning. So again, no hurry. No worry. They have almost 3 days.
Good thing Congress has fled DC for a break. I’m not sure the process would be any better with them there. After all, it’s in not doing their job while in DC that got us to this point.
So once again, I am stocking up on popcorn. I am now even considering a Debt Default CountDown Watch Party. We all might as well drink in excess while the government performs their crazy cliff diving.
Choose joy and grab a cold one or twelve.