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FiveThirtyEight Politics

The Politics Of The Debt Ceiling

FiveThirtyEight Politics

ABC News

Politics, News

4.620.6K Ratings

🗓️ 11 October 2021

⏱️ 59 minutes

🧾️ Download transcript

Summary

The crew discusses the role of the debt ceiling in politics, why it exists in the first place, and the chances of it being abolished altogether. They also have a “good or bad use of polling” on the topic of death and consider whether a recent Facebook hearing will lead to new regulations for the monolithic technology company. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I now have way more apples than I'll ever, I have way more apples than I don't think we

0:04.8

can eat them all in time.

0:05.8

We've put some of the fridge, but I don't know if they'll keep.

0:08.8

So was it fun or did it feel like something you should be doing?

0:15.2

Did it feel like something that should be fun that you were doing because it should be

0:18.6

fun and maybe you could take some good pictures or was it actually fun?

0:21.8

No, no, I think I did have actual fun.

0:25.3

As somebody who has spent large periods of his life living in rural upstate New York,

0:30.9

f**k apple picking.

0:39.4

Hello and welcome to the 530 Politics Podcast.

0:42.2

I'm Gaelin Drick.

0:43.6

Lawmakers in Congress kicked the debt limit can down the road last week, but not very

0:48.4

far.

0:49.4

The US was set to reach its borrowing limit based on already agreed upon spending in

0:54.0

mid-October.

0:55.0

Senate Leader Mitch McConnell agreed to extend to December 3rd, but has said Republicans

0:59.8

will not vote to extend it further than that.

1:03.1

Majority Leader Chuck Schumer has insisted Democrats will not use reconciliation to raise

1:07.0

the debt limit with only Democratic votes.

1:09.8

So since this issue isn't going anywhere, today we're going to take a look at the origins

1:14.0

of the debt ceiling, the role it's played in politics, and whether it will be abolished.

1:19.6

We're also going to ask whether the government after this latest congressional hearing is

...

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