'BradCast' 2/1/2023 (Guest: Kevin Drum on solutions to the GOP's debt limit hostage-taking)
On today's 'BradCast':\xa0 House Republicans are capable of causing real economic harm as they work out how best to hold the nation's (and world's) economy hostage in order to extort deep cuts to federal spending in exchange for raising the statutory debt limit. Republicans have refused to state their demands. The Biden White House has refused to negotiate on whether the US will pay its debts. KEVIN DRUM, longtime financial and political blogger, offers insight on the GOP's dangerous mess, explaining the history and context of the debt ceiling and the costly impacts of the previous times that Republicans have tried the same gambit, which they do only when a Democrat is in the White House. Drum also explains various solutions that have been floated to stop the recurring threat, including minting a $1 trillion platinum coin and a constitutional option that would force Congressional Republicans to sue to force the US Government into default. Also today:\xa0 Get ready for the circus of insanity now barreling toward us with the GOP's takeover of the U.S. House, from their so-called 'investigations' seeking to smear Joe Biden while ignoring the mountain of evidence of influence-peddling by Donald Trump and family, to hilarious, cringe-worthy statements from Rep. Marjorie Taylor Greene (R-GA), and more.