Here is where the factions stand on the impending debt ceiling crisis:
- CDs: You would crash the economy and destroy the nation’s credit over the payment of existing debts that were already authorized by Congress? That’s insane!
- PBPs: Ditto. You’re putting my investments at risk. Don’t do it!
- CLs: Reducing the size of government is the overriding objective here. Sure, there will be some pain, but in the end, we’ll all be better off.
- Reactionaries: Can you think of a better way to BURN IT DOWN?
Navigating the gap between these trains of thought will be McCarthy’s most important task, assuming he is the next Speaker.