Tag Archives: Default

How Harry Reid Caused the Debt Limit Crisis

Reid responded, "I want the Republicans to have some buy-in on the debt. They're going to have a majority in the House. I think they should have some kind of a buy-in on the debt. I don't think it should be when we have a heavily Democratic Senate, a heavily Democratic House and a Democratic president."

So, Reid knew the debt limit would expire. He knew House Republicans would demand spending cuts in return for raising the debt limit. But he decided not to raise the debt limit anyway...

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