Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 16, 2021

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Tue Oct 05 14:47:34 +0000 2021

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Paul Krugman @paulkrugman

The thing is, all of these strategies depend on having people properly scared of default. So it's very much in the administration's interest to deny that there are any backup plans — that it can, if all else fails, break glass and extract the coin 4/ — PolitiTweet.org

Posted Oct. 5, 2021

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Paul Krugman @paulkrugman

Barring that, which seems unlikely, get Sinemanchin to agree to eliminate filibuster on debt limit by warning of consequences if they don't. If they won't do that, use reconciliation. 3/ — PolitiTweet.org

Posted Oct. 5, 2021

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Paul Krugman @paulkrugman

But what if all else does fail? Then the impossible becomes necessary. So I wouldn't make too much of denials that exotic answers are possible. That's what they have to say! 5/ — PolitiTweet.org

Posted Oct. 5, 2021