In the Mainstream Media’s Dreams, Joe Biden ‘Won’ the Debt-Ceiling Standoff

President Joe Biden addresses the graduation ceremony at the Air Force Academy in Colorado Springs, Colo., June 1, 2023. (Kevin Lamarque/Reuters)

It was inevitable that the White House would try to sell a loss as a victory — but left-leaning journalists aren’t obligated to buy it.

Sign in here to read more.

It was inevitable that the White House would try to sell a loss as a victory — but left-leaning journalists aren’t obligated to buy it.

I t took a while, but the press has settled on a narrative in its quest to put a period on the monthslong debt-ceiling saga: Joe Biden won!

“President Biden this week accomplished what America elected him to do — govern from the center and make deals that solve problems,” the Washington Post’s David Ignatius opined, citing the progressive Left’s hostility toward the debt-ceiling deal the Biden White House hashed out with Speaker Kevin McCarthy as proof for his thesis.

The New York Times also deemed the deal a “win,” and praised the president’s magnanimity. By allowing McCarthy to “claim the win,” Times analyst Peter Baker wrote, Biden secured his Republican interlocutor’s “hard right” flank, warding off a threat to the speakership even as he absorbed blows from progressives.

Having talked and cajoled Republicans out of their monomaniacal desire to destroy the American economy in pursuit of their own parochial political advantage, Vanity Fair’s Molly Jong-Fast declared, the “often underestimated” president emerged as “the big winner” in the standoff.

“Getting lawmakers to collectively step back from the financial cliff was as big a victory as any specific provision from the debt ceiling package,” Politico marveled. “And it would serve as a blueprint for the reelection campaign to come.” The deal is “a win for Biden on many levels,” USA Today’s reporters gushed. Biden achieved “total victory” and delivered a “remarkably one-sided win on the debt limit this week,” Washington Post opinion columnist Matt Bai wrote. Biden’s achievement outstripped “my wildest expectation of what he could possibly achieve in this negotiation,” MSNBC host Lawrence O’Donnell said. And so on.

It is a struggle to square these buoyant assessments of Biden’s transactional acumen with both the terms of the deal to which he consented and the implosion of the strategy the president pursued in the seven months it took to get there.

The president’s approach to the debt-ceiling standoff came into view even before the 2022 midterm elections, when Democrats had already resigned themselves to losing control of one or both chambers of Congress. “Republicans are determined to hold the economy hostage,” Biden said at a gathering of the Democratic National Committee in October 2022. He forecast an effort by Republicans to force the White House into consenting to reforms to America’s major entitlement programs or using the threat of default as leverage.

Biden brushed off calls from both Democratic lawmakers and members of his own administration to seek a legislative abolition of the debt ceiling altogether in the lame-duck session of Congress. Instead, administration officials insisted, the debt-ceiling debate would establish a politically beneficial contrast between his White House and the GOP. As one Biden adviser confessed, “the gun is in Republicans’ hands” and “there is little question as to who will get blamed” for a default.

This bravado masked a structural problem for Democrats, however, insofar as it was clear that there was no appetite among moderate Senate Democrats for pushing through a short-term debt-ceiling hike via reconciliation. So the matter would have to wait until 2023, and the Biden White House would count on the fractious House Republican conference to self-destruct when the chips were down.

By the time the 118th Congress was sworn in, Biden settled on his offer to the party in control of the chamber from which appropriations bills must originate: nothing at all. The president would deign to discuss only budgetary issues with House Republicans, but not the debt ceiling. “There should not be conditions around this,” White House press secretary Karine Jean-Pierre insisted. “We should not be negotiating.” This strategy was endorsed by Democratic boosters in the media who convinced themselves that the GOP had rolled Barack Obama during debt-ceiling negotiations in 2011 (a conclusion with which no Republican agrees). But it was bad advice: The Biden White House refused to engage in substantive talks with Republicans well past the point at which its obstinacy became self-defeating.

“If the president doesn’t act,” Speaker McCarthy warned in late March, Republicans would force his hand. The House GOP would pass its own debt-ceiling hike on its terms, which would compel Democrats to respond. McCarthy gambled on his conference’s capacity to rally together around a deal, and the bet paid off. Still, Biden was unmoved by the debt-ceiling bill the GOP produced. He refused to budge, even as a growing number of prominent Senate and House Democrats urged him to abandon his recalcitrance and agree to negotiations.

Eventually, Biden buckled under pressure — not just from his own party but the voting public. By the end of May, poll after poll found that the public sided with the GOP’s position — that increasing the nation’s borrowing limit should be paired with spending cuts — while self-described Democrats were split on whether to endorse the Democratic Party’s pursuit of a no-strings debt-ceiling hike.

The deal to which Biden acquiesced reflects the leverage Democrats sacrificed during the months in which they committed themselves to mulishness. The American Enterprise Institute’s Michael R. Strain summarizes the details of the deal neatly:

$1.5 trillion in deficit reduction, tougher work requirements on certain safety-net programs, clawing back unspent Covid-relief money, measures to speed up environmental reviews for major projects, and no tax increases. Considering that Democrats control the Senate and the White House, this is all the more impressive.

Throughout it all, Democratic partisans toyed with ex machinas and elaborate Rube Goldberg devices purportedly designed to bypass the constitutional impediments to Joe Biden’s desired outcome. From repurposing the 14th Amendment so that it somehow authorized new debt rather than simply mandating the repayment of existing debt to just ignoring the debt ceiling altogether, Democrats considered all manner of non-options out of a desire to avoid facing the music. But in the end, Joe Biden caved.

In evaluating the fan fiction circulating this week about Biden’s supposed victory, the operative word is “fan.” These journalistic outlets are sacrificing their credibility by disregarding reality and substituting instead a preferred narrative of events in which Joe Biden emerges the hero. Indeed, the president has presided over a bipartisan achievement here, but he had to be dragged into it by House Republicans and the reality-based members of his own party.

The Biden White House is politically obligated to declare victory amid retreat, and it is best practice to retail that dubious narrative to reporters. But there’s no immutable law of the universe that compels reporters to accept the narrative at face value. That is a choice — a deeply regrettable one.

You have 1 article remaining.
You have 2 articles remaining.
You have 3 articles remaining.
You have 4 articles remaining.
You have 5 articles remaining.
Exit mobile version