Sanders Wants Debt Limit Raised in Lame Duck If GOP Wins Midterms

By: Steven T. Dennis; Bloomberg

Senate Budget Chairman Bernie Sanders wants Democrats to raise the $31.4 trillion US debt limit in a lame-duck session if Republicans win control of the House or Senate in next week’s midterm elections to preempt their plan to use it as leverage to force spending cuts next year.

Doing so would be “a wise course of action,” he told The New York Times in an interview published Thursday. “I think Democrats have got to be very, very strong in making it clear that Republicans cannot hold hostage the entire world economy in a desire to cut Social Security, Medicare and Medicaid.”