https://www.frontpagemag.com/a-game-of-debt-ceiling-chicken/
A feature of divided government, especially when the House of Representatives is not controlled by the president’s party, is “debt-ceiling chicken.” The president’s party tries to bluff, with threats of a default, the House, which is responsible for initiating money bills, into giving the president whatever he wants, usually more money for redistribution, and no cuts to entitlement spending. The House does the same thing, usually pressuring the other party to accept spending cuts.
The cliff they’re both speeding towards is an unprecedented default on the government’s debt, which currently stands at $31 trillion. Each side calculates that voters will blame the other party, which will slam the brakes first as the cliff approaches. This year Joe Biden, or whatever Edgar Bergan or Edith Wilson is actually calling the shots, until a week ago took a hard stand against any negotiations on raising the debt ceiling with a “clean bill” as the early June deadline looms.
The spectators of this show usually decry the “partisanship” and lack of “bipartisan” cooperation the two parties are exhibiting. Yet disputes over the budget illustrate what the Founders had in mind when they crafted a divided and balanced government––to exploit this factional competition, which reflects a flawed human nature and its passions and interests, in order to protect freedom by setting ambition against ambition. Also, this process can force a more careful consideration of a proposed policy, and sift out the dangerous features and a bringing to light better ones.
Money is integral to this process. The desire for gain accompanies ambition and the lust for power. The ensuing disparities in property, as Madison pointed out, are the cause of rival political factions. Control of the public fisc allows factions to pursue their ideological aims at the expense of others.
During the writing of the Constitution, Gouverneur Morris similarly identified the major factions as comprising the poor and the rich, those with “great personal property” and the “aristocratical spirit.” The “Rich will strive to establish dominion & enslave the rest. They always did. They always will.” To check the ambition of the “rich,” “the popular [non elite] interest will be combined [against] it. There will be mutual check and mutual security.”
