The best negotiation position to be in is not to have to negotiate at all. If you have the power to prevent negotiation about what you want out of life, you have all the negotiating skill you will ever want.
The Biden Administration and the Democratic Party had the power to get rid of the debt default limit. If they had gotten rid of it, they would never have to negotiate over the debt because there would be no danger of default. They had the power to do this by what is called reconciliation, which means passing a measure related to the budget with a simple majority in the U.S. Senate. They had the votes at the time. They had the power, but they did not use it for that. If memory serves, whatever they used it on did not work, either.
Now we are where we are. More thoughts to come. To be continued ....
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