Skip to content
Search

Latest Stories

Follow Us:
Top Stories

The debt ceiling as a hostage negotiation

The debt ceiling as a hostage negotiation
Getty Images

Nevins is co-publisher of The Fulcrum and co-founder and board chairman of the Bridge Alliance Education Fund.

The United States has a clearly defined process for deciding how much money the federal government spends. The House and Senate create their own budget resolutions, which must be negotiated and merged and then both houses must pass a single version of each funding bill. Congress sends the approved funding bills to the president to sign or veto.


Sounds simple doesn’t it?

Unfortunately, given the partisanship that divides Congress and the resulting dysfunction, budgets are rarely agreed upon and most often Congress shirks their responsibility by passing continuing resolutions. These resolutions are temporary spending bills that allow federal government operations to continue when final appropriations have not been approved by Congress and the president. Without final appropriations or a continuing resolution (CR), there could be a lapse in funding that results in a possible government shutdown.

Congress has only completed this process before the beginning of the fiscal year three times in the last 47 years, most recently for FY1997. I know that is hard to believe so I will restate it: Congress has only passed a budget before the beginning of the fiscal year three times in the last 47 years.

Fast forward to today and the ongoing debate as Republicans threaten to vote against raising the debt ceiling unless Democrats give in to spending cuts and you have a new level of Congressional dysfunction even more threatening than the continuing resolution passing the buck operating system.

The metaphors abound. It’s like threatening your family every month on whether to pay-off your credit card bill because you spent too much, rather than deciding on how much to spend in advance, or the most recent metaphor of a hostage negotiation. And of course, House Majority Leader Kevin McCarthy has his own metaphor about raising the debt ceiling being like raising your child’s credit card limit every month when he or she overspends, rather than sitting down to discuss a change in behavior.

Let’s forget the metaphors and just address the question at hand. It is time that Congress and the President have in depth intelligent discussions and debates on fiscal responsibility and long-term spending needs and obligations outside of the question of defaulting on our debt by not raising the debt limit. The alternative is an event that would cause turmoil in the financial markets with consequences that no one can predict.

And so while Congress refuses to debate the critically important question of

budgeting and national spending priorities, we will do so at The Fulcrum. Today we offer two compelling pieces of content to help illustrate the debt ceiling debate, including the 2024 budget for the U.S. government from The White House and related analysis from the Committee for a Responsible Budget.

Read More

“I’m still under attack:” Karla Toledo, relief and fear after case dismissed

A community member rests on the sidewalk, shielding herself from the sun with a banner outside the Tucson Immigration Court. People show their support for Karla Toledo with banners and petitions, and by wearing pink — a color representing solidarity with communities affected by mass deportation policies.

Credit: Summer Williams

“I’m still under attack:” Karla Toledo, relief and fear after case dismissed

Karla Toledo — the DACA recipient detained by masked immigration agents at her own home in mid-May — celebrated the dismissal of her case by a judge in Tucson. The 31-year-old Latina immigrant expressed both relief and caution.

About 30 people gathered Wednesday outside the Tucson Immigration Court building for what was expected to be Karla’s first hearing after her arrest and confinement at Eloy Detention Center. Family and community members carried signs with Karla’s image that read: “Stand with Karla. Protect Dreamers.”

Keep ReadingShow less
The Rings and the Great Debate
Lincoln-Douglas debates

The Rings and the Great Debate

When John and Mary Ring arrived in Will County, they stepped into a world unlike anything they had known. The prairie was crowded with newcomers — Germans, Irish, Scots, English, Scandinavians — each carrying their own languages, faiths, customs, and grievances. It was a noisy, fluid, sometimes volatile mix of people who had nothing in common except the simple fact that they were here. And yet, in that crowded field of difference, the Rings recognized something essential: their survival depended on finding common ground. They didn’t have to agree with everyone. They didn’t have to like everyone. But they understood that in this new American world, no group could elevate itself above the others without consequence. The only way forward was together. This was their first lesson in American identity.

What they did not expect was the media. The American press of the 1850s was loud, partisan, explosive, and central to the political fracture that would soon tear the nation apart. Newspapers were not neutral conveyors of information — they were engines of identity, outrage, and mobilization. Every faction had its own paper. Every paper had its own truth. For immigrants like the Rings, it was disorienting. Had they escaped one form of chaos only to land in another? But instead of judging, they discerned. They listened. They watched. They learned to separate noise from signal. And in that cacophony, a voice began to rise.

Keep ReadingShow less
America was much more of a mess at the bicentennial than it is today

Crowds fill the street during an Americana Fair on 52nd Street in the borough of Manhattan, New York City, New York, 20th June 1976.

(TNS)

America was much more of a mess at the bicentennial than it is today

As we approach the 250th anniversary of the Declaration of Independence, America is in a pretty foul mood, and I understand why. For starters, Washington is broken, prices are high and rising, and AI is scaring the stuffing out of people.

Understanding, however, is not synonymous with agreement. In other words, some complaints about America in 2026 have more empirical weight than others. Crime may be too high, but it’s been going down for a while.

Keep ReadingShow less