| Decatur, Ala. | Wednesday, June 19, 2013 |
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Embarrassed at their failure to use the fiscal cliff as a tool to cut federal spending, some members of the U.S. House already are promising a showdown over the debt ceiling.
They will get their chance in about two months, when the once-routine task of authorizing payment on obligations backed by the full faith and credit of the United States again falls to Congress.
The Government Accountability Office explains the significance of the debt ceiling: “The debt limit does not control or limit the ability of the federal government to run deficits or incur obligations. Rather, it is a limit on the ability to pay obligations already incurred.”
Debt-ceiling votes have taken place since 1917. Since John F. Kennedy was president, Congress had authorized debt-ceiling increases 80 times, including 18 times under former President Ronald Reagan — who doubled the debt ceiling — and seven times under former President George W. Bush.
It was not until 2011 that America had a House of Representatives with the hubris to threaten U.S. creditors with nonpayment as a means of forcing the Senate to do its bidding.
The eager GOP majority in the House has every right to cut federal expenses. In the short term, it can do so by passing legislation acceptable to the Democrat-controlled Senate or blocking budget resolutions. In the longer term, it can do so by convincing the public to elect senators who share its program-cutting zeal.
The effort at public persuasion fell flat in the 2012 elections, when the GOP lost seats in both houses of Congress and lost the presidency.
The House subverts the constitutional process by using the debt ceiling to badger the Senate into submission. The mere threat of refusing to raise the debt ceiling to pay for existing obligations harmed the nation in 2011, triggering a downgrade in U.S. debt. Acting on the threat would be devastating.
Wielding the debt ceiling as a weapon should not be confused with typical negotiations. It is more akin to negotiations with a hijacker.
The House is threatening to blow up the ship of state unless the Senate allows it to take control of the cockpit. The moral dilemma for the Senate is whether to refuse negotiations with hijackers — risking a calamity that benefits neither the House nor the Senate — or to concede, thereby protecting the ship and its occupants until the House is done with them.
To wield the debt ceiling as a weapon, House members must demonstrate they care less about U.S. solvency than do their political opponents. That demonstration should end their careers.
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'To wield the debt ceiling as a weapon, House members must demonstrate they care less about U.S. solvency than do their political opponents. That demonstration should end their careers.'
repeated for emphasis. i personally would never negotiate with a terrorist. there is only one right path with them, the one that leads to their own destruction.
What was a once-routine task, raising the debt limit now results in a routine (third time) credit downgrade. Given a choice between continuing to receive benefits or bankrupting the nation, the uneducated poor would easily choose bankruptcy. Like a boat that springs a leak and can be managed if one person jumps overboard, the poor would insist that all die for the sake of fairness. It is a twisted logic shared by those who live off the labor of others. The problem with "authorizing payment on obligations" is that we continue to take on new obligations. The Decatur Daily will endorse raising the debt ceiling and the corresponding credit downgrade, and, like James, will assign to Republicans Saul Alinsky-like terms such as "hatred," "intransigence" and "terror" when addressing Republican motives. The poor have been so thoroughly conditioned to resent those who provide their sustenance, there is not one ounce of gratitude for what they receive, just a loud clamor for more, and more, and more.
Otis we choose you to jump for the sake of the rest....ready?
otis, wealth hoarding =/= job creation. how you doing lately? portfolio up? 401k looking good? benz all nice and shiny?
you arent rich, otis. more than likely you never will be. so why keep worshipping at the altar of failed economic policies like 'trickle down' in the vain hopes that one day you will be rich?
the rich get richer, otis. thats all that happens. and they continue to not give two craps about you.
The real irony here is that the democratic congress fought Regan tooth and nail about the trickle down theory. He stuck to his guns (no pun intended) and it actually did work very well. Some of you are either too young to remember or stupid to realize this fact.
Hijack it, baby! HI-Jack!
The O-Spending Plan is reckless & the millions getting gov checks don't have a clue. SOMEBODY must step up.
Too stupid AND too young in my case, huh Steve? You don't know me from Adam. But what you SHOULD know is that those policies brought about the widening income disparity that we see today, that Gordon Gecko style 'greed is good' mentality that you seem to still think is somehow relevant. Its moronic, self centered geezers like YOU, steve, that brought us as a nation to this point. And I for one am so glad that you people are going the way of the dodo.