You seem to be missing the essential point that 1/2 of the Congress, the House, is on our side in this matter and that the debt ceiling is the reason all this negotiating is going on. Without it, the House would have no say in the matter.
Yes, eventually the debt ceiling will be raised. The question is will we get something in return for doing so, or just get rolled by the Administration and increase it for symbolic political gain, or worse, while agreeing to tax increases.
If we get something significant, I’d hardly call it “grandstanding.” If we don’t, it will indeed have been just that.
“Without it, the House would have no say in the matter.”
Um, they always have a say. They make the budget. They can reign in that budget.
Grandstanding? Hell, yes, it is grandstanding. It was in 1917 and it still is today. Once again, the House makes the budget. They don’t have to authorize squat if they don’t want to.
What exactly is it that you expect to “get” out of all this grandstanding? All we taxpayers are getting is more of the same: Tax & Spend!