Here is an excerpt from a chatroom. Zlad ran away, but can someone pick up the argument, and explain why it's appropriate for spenders to run up the bill however high they want before there's a decision on how much debt money is available.
Zlad: you realise they already voted on the budget that would go over the debt ceiling. They knew it was going over it when they voted on it. Arguing about the debt ceiling is just political theatre.
Zlad: Left the room
Lumpenproletariat: The money should be borrowed first, before voting what to spend it on, or how much of it to spend. Don't spend money before it is first acquired, through borrowing or taxing.
You bring up a great point! Congress is in violation of the law in authorizing spending above the spending limit. The House Speaker should go to prison.
Of course. The Speaker and maybe two or three of his closest conspirators should go to prison for life, and the rest of the Krazy KauKus put under House arrest. It has ever been so. But that's beside the point. The POINT is : {{{{tears hair, sets it on fire and runs about the room}}}
Anyhow, Lawrence O'Donnell posits that
maybe Biden is doing everything right.
He thinks Sleepy Joe could be about to get the House to sign off on a budget that will be "better" than what he will be able to negotiate in September when the budget year expires. (Doing it now makes it look like a concession to Mr Speaker, after saying no negotiating on the debt ceiling.) Throw Mac some relatively harmless bone or two and send him back to his handlers in a last minute panic...
Biden could avert the "debt crisis", while in the same stroke, forestalling a(nother) government shutdown in October and all its attendant ills. Be a hero going into 2024!
This guess is the best I've heard to explain the current situation and rhetoric.
Problem is I don't think the Krazy Kaukus will vote of anything, because they've made up their minds that they can say Joe didit.