But that is a nothing burger. It’s essentially irrelevant. The US will never default on it’s debt. That would be a disaster.
There has never been a debt limit fight that was more than kabuki theater (posturing, pretend high drama). The limit is always raised.
The salient point is that the left uses the exercise as a way to extract money for their pet projects before they will sign on.Trump said very clearly that he wanted the debt limit high enough that the left couldn’t use a need to raise the debt limit for blackmail.
A debt limit doesn’t mean the $ are spent or will be spent. Trump has said that they will be clawing back money into the treasury. The debt limit extension also, according to Bessent will reassure Moody.
You either trust Trump to be honest about lowering the deficit and balancing the budget in 2026/7 or you don’t. If you do you don’t screw up his plan. If you don’t there’s nothing to be done & the USA is lost.
So judging by his first term as f unchecked spending, should we truet him?