Amid warnings about looming fiscal catastrophe, the GOP is attempting to use Biden’s climate agenda as a bargaining chip over raising the debt ceiling – even if it could hurt Republican voters…
“Republicans unfortunately are not allowing government to function as intended,” said Mark Paul, a professor of economics at Rutgers University…
If Congress can’t reach an agreement on the debt ceiling and the US defaults on its debts, Paul said the effects would be cataclysmic.
“We’re talking about catastrophic global financial systems that will make 2008 look like a bump in the road in comparison,” he said. “This would be economic apocalypse.”
“We have Republicans essentially saying, ‘Well, in order to put the US economy on better ground, we need to cut climate spending,’” said Paul, “which is just talking about shooting yourself in the foot.”