It isn’t the way I would have handled it. I would have announced up front that I would rely on the Fourteenth Amendment if necessary, and then allowed centrists to try to make a deal on their own. But that isn’t where we are; Biden is clearly negotiating, when he said he wouldn’t. What happens next?
It appears that the framework for a reasonable deal is in place, although the devil will be in the details. Clawing back unused pandemic funds is OK, because the program turned out to be too generous, and spending the money fuels inflation; once you have conceded the point on work requirements for safety net payments, the age requirement is of little conceptual importance; given the private sector’s commitment to electric cars, easing oil and gas permitting standards won’t matter much; spending caps for the next year or so will be imposed by the GOP House majority one way or the other; and so on. The length of the cap is important, but I can imagine most Democrats agreeing to something like this. But then what?
My guess is that at least 50, and probably more, Republican House members would vote against an agreement similar to this one, so it would have to pass with significant Democratic support. Any one of the 50 could then file a motion to remove McCarthy as Speaker. It appears that a number of Democrats have told McCarthy, directly or indirectly, that they will help him keep his job under those circumstances, but he would then be operating at the sufferance of the opposing party, which could pull the chair out from under him at any time.
What do you think McCarthy would do? Will he agree to operate what amounts to a coalition government of moderates in the face of rabid opposition from Trump and his extremist acolytes? Is he really ready to be aa 21st century version of Ramsay MacDonald? Or would he rather maintain party unity, avoid the allegations of disloyalty, and keep the bus heading for the cliff?
Nothing I have seen from him over the years suggests to me that he will put his position in jeopardy and turn his back on the extremists. Maybe he’ll prove me wrong, but I don’t think so. I still say we are heading for the cliff, and Biden will have to use the Fourteenth Amendment in the end.