Last week, after much back and forth, the US Congress passed a resolution to increase the government’s borrowing limit so it could continue to operate. Republicans in the Senate had been blocking the effort, threatening a shutdown of the government and potential default on US government obligations. Had that happened, the impact on the US economy would have been severe, even catastrophic. This drama plays out every time a Democrat is in the White House.
While the Democrats have a narrow majority in both houses of Congress, Senate rules allow a minority to derail most legislation. In recent years, getting anything passed through Congress has become a near impossibility. All actions by Congress members are taken with an eye to the next election. And, with elections every two years, this turns out to be a true recipe for ongoing dysfunction. Read more…