Mike & Jay open with a discussion of the bipartisan agreement to suspend the debt ceiling until after the 2024 elections in exchange for spending cuts and caps that the Congressional Budget Office says will cut the deficit by $1.5 trillion over the next decade. The guys see this as a win for moderation, though they both argue that absent changes to tax policy and/or entitlement programs we aren’t likely to make much of a dent in the national debt.
Next, they turn to some good economic news – the continuing resilience of the US economy and why the recession that so many have predicted (including Mike & Jay, back in January) hasn’t come about.
After that is a look at the Texas House’s impeachment of Texas Attorney General Ken Paxton, despite Donald Trump’s urging against it. Mike & Jay consider the likelihood of Paxton’s removal by the Texas State Senate and what this says more broadly about the GOP in 2023.
They close with a discussion of Justice Kagan’s decision to provide a brief explanation of her recent recusal and Justice Alito’s decision to not do so in a case shortly thereafter. Mike argues that the Court should be willing to do this small thing as a gesture toward the public’s decreasing lack of trust in the institution while Jay believes that it’s not necessary, could harm the dignity of the Court, and be a slippery slope toward an overly responsive Supreme Court, something the Framers never intended (and for good reason, Jay believes).