Senator Joe Manchin (D-W.Va.) said his fellow Democrat, President Joe Biden, has staked out a “hypocritical” position in recent debates over how to raise the U.S. debt limit.
“It’s not rational, it’s not reasonable, and it’s not practical,” Manchin told CNN’s Manu Raju.
Biden and other members of his administration have argued that Republican lawmakers, who are leading the efforts to impose spending reforms, have previously accepted debt-ceiling increases without adding new spending control measures. Manchin argued that the only times there aren’t contentions over a debt-limit increase is when one political party controls the White House and both houses of Congress.
“It’s hypocritical to say that we’re not going to do it now when we’ve done it every time that there has been a split in the party,” Manchin said.
Manchin went on to say that it’s “not reasonable” to insist that there be no spending cuts or conditions attached to a debt-limit increase.
The United States is currently hovering at around $31.4 trillion in debt, the statutory limit without an increase. The nation is also facing a potential default on its debt obligations as early as June—if an agreement isn’t reached.
On April 25, the Republican-majority House of Representatives passed the “Limit, Save, Grow Act of 2023,” which would allow the United States to take on up to $1.5 trillion in new debt through March 31, 2024—in exchange for spending cuts and reforms that are estimated to reduce spending by about $4.8 trillion over the next decade.
Democrats Float Debt Limit End Run Strategies
The Biden administration and its allies have cast the Republican demands to attach spending reforms to a debt limit increase as a hostage situation in which the United States faces a default on its debt if Democrats don’t agree to the new spending conditions.Democrats have been weighing a number of strategies to circumvent a negotiation with Republicans over spending reforms.
Biden has recently begun discussing a different strategy to circumvent a spending reform negotiation. Biden’s strategy would rely on an untested legal theory that he could invoke the 14th Amendment to declare the debt limit unconstitutional.
The 14th Amendment reads, in part, that “the validity of the public debt of the United States ... shall not be questioned.”
Conservative critics of the 14th Amendment debt-limit theory argue that the language of the amendment means that while the U.S. government cannot excuse itself of its existing debts, that doesn’t necessarily mean a president can invoke the amendment to increase the debt limit and take on new debt.
The Heritage Foundation further argued that a default on the national debt does not actually constitute questioning the validity of the debt. The foundation noted that debtors may commit to repaying a debt even after declaring bankruptcy.
“Insolvency, in itself, does not impugn the validity of a debt, but only the debtor’s present ability to pay,” the Heritage Foundation added.