Jonathan Capehart:
Well, I don't know so much about hope, but what I'm looking for is the big vote that's going to happen on Tuesday, on January 3, the vote for the next speaker.
And a lot hinges on how that vote goes. If Kevin McCarthy, now House Minority Leader Kevin McCarthy, actually gets the 218 votes to secure the speaker's gavel, how many compromises and concessions has he made to the Freedom Caucus, to Marjorie Taylor Greene, to others, to the other never-Kevins, in order to get those votes?
Will he be a weak speaker? And then that gets to my biggest fear. And that is that this incoming Republican majority is even more extreme than the Republican majority in 2011 that played games with the debt ceiling. You can't play games with the debt ceiling, not in 2011, and you certainly shouldn't be doing it in 2022, that that's what I'm afraid is going to happen with this incoming Republican majority in the House.
And that is — that is the big thing I'm watching, because if the United States does not pay its bills, and pay its bills on time, and the full faith and credit of the United States is destroyed, well, we catch hell in the United States, but the global financial system could collapse as well.
And no one wants to see that.
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