Satiation Point • 0 implied HN points • 28 May 23
- The failure of regional banks like Silicon Valley Bank due to assets including US government debt should deter politicians from risking default.
- House Speaker Kevin McCarthy's willingness to use the debt ceiling as a bargaining chip is either reckless or ignorant.
- The debt ceiling contradicts laws on spending and taxation, making a case for its unconstitutionality under the 14th Amendment.