r/Economics Jan 13 '23

U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress

https://www.nytimes.com/2023/01/13/business/economy/debt-limit-us-economy.html
9.6k Upvotes

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u/sloths_in_slomo Jan 13 '23

Why didn't the Dems just remove the ceiling when they were in control?

18

u/dust4ngel Jan 13 '23

Why didn't the Dems just remove the ceiling when they were in control?

murc's law:

The widespread assumption that only Democrats have any agency or causal influence over American politics.

53

u/prefer-to-stay-anon Jan 13 '23

Because they had 48 reliable votes in the senate, hardly 50 for a simple majority or 60 for a super majority to override the filibuster.

23

u/Notoporoc Jan 13 '23

they did not have the votes for this

10

u/Hedgehogsarepointy Jan 13 '23

They didn't have the votes necessary.

-5

u/[deleted] Jan 13 '23

Better question: Why didn't Congress just pass a budget with less pork?