Ironic, considering they literally had the power to raise the debt ceiling for two years while they were in Congress. But it's too much to ask that they have less than a year of foresight.

https://www.axios.com/2023/05/23/democrats-debt-ceiling-regr...

Raising the debt ceiling isn't righteous. The dollar is almost exclusively backed by two things: the petrodollar and the subsequent ability to open the gates of hell in order to defend it.

We are right to consider why we are a primarily export-based economy with a dollar tied so tenuously to oil. Blaming Republicans, when in fact it's a problem of crony-capitalism, is somewhat shortsighted. Some of the richest, filthiest, congresspeople are Democrats. To assert it's one-sided is very sound-bite politics of you. I would go to open secrets and see just how equal congresspeople are in exploiting the national debt for political and financial gain.

Agreed. Although progressive politicians, or as I like to call them, the right-light, do contribute their fair share of problems.

It's also a democrat problem in that when dems get power they haven't just decided to eliminate the debt ceiling all together.

But then, that's because moderate/conservative democrats have decided it's to scary to eliminate the debt ceiling (there's not enough votes for that). So maybe still a conservative problem but not entirely a republican problem.