“Default is not an option. America is not a deadbeat nation. We pay our bills.”
–President Joe Biden
Congress avoided default by raising the debt ceiling three times under Trump “without once—not one time—creating a crisis, rattling the markets, or undermining the unshakable trust the world has in America’s commitment to paying its bills.”
Biden noted that Trump drove the debt up significantly and that in his own first two years he had reduced the debt by an unprecedented $1.7 trillion.
“I can’t imagine anybody ever even thinking of using the debt ceiling as a negotiating wedge,” Trump said.