CD275: Debt Ceiling 2023: Crisis Normalized

Another unnecessary crisis averted. In this episode, Jen examines the debt ceiling crisis events of the past to show that the Fiscal Responsibility Act of 2023 - which raised the debt ceiling - is not likely to reduce our government’s debt but will likely ensure that our environment will be trashed for profit. She also examines the best path forward to ensure that the debt ceiling is never used for political leverage again.

Please Support Congressional Dish – Quick Links

• Contribute monthly or a lump sum via PayPal
• Support Congressional Dish via Patreon (donations per episode)
• Send Zelle payments to: [e-mail]
• Send Venmo payments to: @Jennifer-Briney
• Send Cash App payments to: $CongressionalDish or [e-mail]
• Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536.

Please make checks payable to Congressional Dish

Thank you for supporting truly independent media!

---

View the show notes on our website at https://congressionaldish.com/cd275-debt-ceiling-2023-crisis-normalized

Background Sources

Congressional Dish Episodes

CD261: Inflation Reduction Act

CD257: PACT Act – Health Care for Poisoned Veterans

CD151: AHCA – The House Version (American Health Care Act)

CD049: Crisis… Postponed

CD048: The Affordable Care Act (Obamacare)

Debt Ceiling Overview

“US debt ceiling - what it is and why there is one.” Natalie Sherman. Jun 2, 2023. BBC.

“What Happens When the U.S. Hits Its Debt Ceiling?” Noah Berman. Last Updated May 25, 2023. Council on Foreign Relations.

“A brief history of debt ceiling crises and the political chaos they’ve unleashed.” Raymond Scheppach. May 12, 2023. The Conversation.

“Congress has revised the debt ceiling 78 times since 1960. An expert explains why.” Scott Simon and Lennon Sherburne. April 29, 2023. NPR.

New Development Bank

Ben Norton on Twitter

New Development Bank on Twitter

New Development Bank Website

“BRICS New Development Bank de-dollarizing, adding Argentina, Saudi Arabia, Zimbabwe as members.” Ben Norton. Jun 8, 2023. Monthly Review Online.

“NDB Board of Directors held its 40th meeting.” Jun 5, 2023. New Development Bank.

Debt Limit History

“The Debt Limit Through the Years.” Bipartisan Policy Center.

“US government shutdown to end after Congress passes debt ceiling deal.” Paul Lewis and Dan Roberts. Oct 15, 2013. The Guardian.

“S.& P. Downgrades Debt Rating of U.S. for the First Time.” Binyamin Appelbaum and Eric Dash. Aug 5, 2011. The New York Times.

“Gingrich Vows No Retreat on Debt Ceiling Increase.” Clay Chandler. Sept 22, 1995. The Washington Post.

2023 Crisis

.css-j9qmi7{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;font-weight:700;margin-bottom:1rem;margin-top:2.8rem;width:100%;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:start;justify-content:start;padding-left:5rem;}@media only screen and (max-width: 599px){.css-j9qmi7{padding-left:0;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}}.css-j9qmi7 svg{fill:#27292D;}.css-j9qmi7 .eagfbvw0{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;color:#27292D;}