The Christian Science Monitor has an article (
here) talking about a "looming" vote for the freshmen Republican representatives, even though the vote is "months away". The vote I'm speaking of is the raising of the national debt limit, currently hovering just below $14.3 trillion.
I imagine we can expect to see a significant build up to this story in the months to come, because it raises some very serious issues that are described as being very complicated by the author of the article and experts quoted in the article.
Now, [the freshman Republicans] face the other side of the issue: A vote against raising the debt limit means the government could run out of money. Will fiscal responsibility look so appealing if the government essentially shuts down?
Excuse me, Gail Russel Chaddock, author of the article, but did you just say that the federal government of the United States of America cannot function without going into debt? Just what kind of fiscal children do we have running the country if running the government without running up debt is automatically treated as impossible by those who are accustomed to watching the politicians work?
GOP leaders hope to frame the debt vote in a broader context of rigorous budget cutting and enhanced oversight.
Translation: the GOP establishment is going to vote to increase the country's debt, is going to pressure the freshmen representatives to vote for increasing the country's debt, and the only thing left to do is minimize the political fallout resulting from the vote. This is an issue that nearly half of the freshmen Republicans ran
against in their Tea Party funded campaigns, and many specifically attacked the Democrat incumbents on their voting record on this issue.
Voting to increase the national debt limit would be political suicide for these newly elected Tea Party candidates.
And you can be sure the media, both liberal and conservative, will be all over that story. They'll bite into it and shake it around like a dog after a successful hunt, and they won't stop once the story is dead, dead, dead- they'll chew it up and digest it before they let it lie.
We’re going to have to deal with it as adults. Whether we like it or not, the federal government has obligations, and we have obligations on our part.
Those are the words of the esteemed John Boehner, the current and future GOP House leader. I am dismayed - but not surprised - that he insinuates fiscal responsibility is a childish quality. He treats all "obligations" of the federal government as sacrosanct, even the ones that overreach constitutional federal authority, are over funded, or are in some other way identifiable as prime cut choices, ready to be stamped USDA Select pork.
It would look very negative to the rest of the world to not vote to increase the debt limit. We might have to be late on payments to government contractors. It would be chaotic. But having such huge debts is very negative, too.
You're very right, Congressman Ron Paul. It would be chaotic to not follow the same procedures the government has been following. What you need to understand, sir, is that "having such huge debts" is much more negative than "look[ing] very negative to the rest of the world". And, really, how does having a ridiculously high national debt look positive to the rest of the world? Other than, perhaps, China, who would very much like to see the federal government indebted to it permanently?
Seriously, screw the rest of the world for now. We need to get our own House in order first.
But liberals like Stan Collender disagree.
It does make a difference if you don’t raise the debt ceiling: the government will run out of cash. Delaying payments to social security recipients or government contractors is a nonstarter. It’s the day we start to look like a third world country.
A "nonstarter"? I had to look up this term; I don't really speak "Washington insider" - I speak "American citizen". Merriam-Webster defines nonstarter as "someone or something that is not productive or effective". What is raising the debt ceiling effective at, other than kicking the can down the road and allowing out of control spending in Washington to continue?
How does the government automatically run out of cash if you don't raise the debt ceiling? I'll tell you: you don't simultaneously do the sensible thing and cut spending. Politicians and liberal "experts" like Collender aren't sensible. They live in a different culture, very far removed from normal citizens.
Washington needs to understand; maybe we do need to "look like a third world country" for a short time. We rocked the boat in the elections because the status quo needs to be shaken up. Politicians need to take this seriously, especially the ones who were voted into office to change the status quo.
Stop racking up astronomical debts with out of control spending. Stop destroying my country's future!
DON'T TREAD ON ME.