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Make Me Smart

Could the debt ceiling fight have been averted?

Make Me Smart

Marketplace

Business, News

4.65.5K Ratings

🗓️ 2 February 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

The federal debt limit crisis was already looming when the Democrats lost their House majority in the midterm elections. Many of them called for the limit to be raised, suspended or eliminated during the lame duck period to avoid the political turmoil that’s going on now. One listener called in to ask why they didn’t raise the ceiling while they had the chance. We’ll get into it and answer more of your questions about a Plan B for Biden’s student debt relief, the Trump tax cuts and the rise of white-collar unions. Plus, did you catch the Kai Ryssdal reference on another popular public radio program?

Here’s everything we talked about today:

Got a question for our hosts? Email us at makemesmart@marketplace.org. Or leave us a voice message at 508 U-B-SMART, or 508-827-6278.

Transcript

Click on a timestamp to play from that location

0:00.0

We're ready. Let's do it.

0:03.5

Wow. You see it there?

0:05.3

Jake was ready too.

0:07.4

That's right. Hey everybody, I'm Karl.

0:09.2

Rose, welcome back to Make Me Smart.

0:10.6

Where we make today makes sense.

0:13.6

And I'm Kimberly Adams.

0:14.8

This is what do you want to know Wednesday?

0:16.7

You bring the questions and we do our best to provide the answers.

0:20.3

You can get your question on the podcast by leaving us a voicemail at 508.

0:25.3

You be smart or you can email us at makemesmart at marketplace.

0:29.7

Org and we occasionally respond to various contacts on social media platforms as well.

0:35.2

That's true. That's true.

0:36.4

We do. We do indeed.

0:37.6

Yes. So our first question is about the oh so contentious debt limit.

0:43.6

Our favorite topic, even though we saw it, to talk about it every day.

0:47.5

Here we go.

0:48.5

Hi, Kai and Kimberly. This is Simon in Astoria, New York.

0:52.1

Why didn't the Democrats raise the debt ceiling last year when they had control of Congress?

0:55.9

Surely they could have seen that this fight was coming.

0:58.1

Thanks.

1:00.7

You want to take it? It's a political question here.

...

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