Can this be true? Can Republicans seriously be considering this “strategy” for dealing with the “difficult problem” of the debt ceiling?
The component of the story I’m referring to isn’t the part about passing a very short-term extension to the debt ceiling, delay the inevitable until March instead of February. The part of the story I’m referring to is this:
But he (Paul Ryan) seemed open to an idea advanced by a number of conservatives in case there is no agreement to raise the limit — he said he believes the White House would have the authority to prioritize spending in case the borrowing limit is not raised.
The “thinking” (I’m being generous) behind the brilliant GOP idea is that they DO force us past the debt ceiling date without an agreement. Their “thinking” is that the enough tax revenue could flow in to meet SOME of our spending obligations, and that Obama and the Treasury Department could decide what priorities to pay for, and which ones to not pay for.
Brilliant. THAT will calm the markets. THAT will calm Fitch and others who are threatening to downgrade the US credit rating. Instead of defaulting on ALL our bills, Paul Ryan and other GOP Congressmen (yes, Congress “men”, because I doubt anyone other than lilly-white, GOP men are behind this) are advocating a strategy that allows Obama and the Treasury department to pay for SOME of our bills.
Paul Ryan, you are a dangerous, dangerous man. I for one am damned glad Romney chose you as a running mate and your team spectacularly crashed and burned on election day. It’s not easy for a presidential election loser to come back in subsequent elections, and I can’t imagine what a disaster it would be for the U.S. if a Paul Ryan presidency ever occurred.
But hey, maybe I’m wrong. Maybe ALL THE ECONOMISTS IN THE WORLD are wrong. I do take some issue with the writer of the Post article too, in their choice of terminology, calling the debt ceiling a “difficult issue”. It’s an artificial issue, something that used to be a formality, now being used as an incredibly dangerous political ploy.
Ideology over country. Gotta love the GOP. Shrink the government, even if we have to sink the whole damned economy to do it.