Thursday, June 1, 2023

Debt Crisis - Solved or not?


 In a stunning display of bipartisanship, the House of Representatives voted to suspend the U.S. debt ceiling for two years.

A great victory--but the fight is not over. The Senate still needs to approve something similar. I do not fully understand why they have been sitting on the sidelines of this crisis.

Hopefully, the Senate will display similar bipartisanship and pass the measure which will avert a worldwide financial crisis once signed by the President. 

Do I like the measure? Not fully. But, it represents the kind of bipartisan compromise that our President, Joe Biden, is famous for achieving. 165 Democrats and 149 Republicans voted for the measure. 

But, sadly, the fight continues. 

Time will tell. But I am encouraged by the bipartisan vote.


-- Bob Doan, Odenton, MD

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