The Senate Majority Leader has a promise: The United States of America will not default. “There is zero chance—no chance—we won’t raise the debt ceiling,” Mitch McConnell said. “No chance. America’s not going to default.” So you chicken-little economists can stop worrying about that, and you fearmongers can holster your hot takes about economic catastrophe. After all, the very same Mitch McConnell, living up to his reputation as a master legislative tactician, has already shepherded repeal-and-replace, financing for a big beautiful border wall, a massive infrastructure plan and even more massive tax cut and reform plan through the narrowly divided Senate, right? Raising the debt limit will be a piece of cake. Why, just ask Treasury Secretary-extraordinaire Steve Mnuchin:
"We're going to get the debt ceiling passed. I think that everybody understands this is not a Republican issue, this is not a Democrat issue," Mnuchin said. "We need to be able to pay our debts. ... This is about having a clean debt ceiling so that we can maintain the best credit, the reserve currency and be focused on what we should be focusing on … so many other really important issues for the economy."
We’re sure he’s run that statement by Ted Cruz, Mick Mulvaney, Mark Meadows and the rest of the Freedom Caucus, so there’s nothing at all to fear. Nothing except Congress running even more efficiently and harmoniously than it already is, as if that were possible.