July 14, 2011

Tell Me More

From the New York Times: Bernanke Warns of ‘Calamity’ if Debt Deal Is Not Reached

So, with the deadline for raising the U.S. debt ceiling fast approaching, negotiations are growing—if you can possibly believe this—even more stubborn and partisan and unyielding. And one Republican senator seems to have identified why:
"Our problem is, we made a big deal about this for three months," said Senator Lindsey Graham, Republican of South Carolina.

"How many Republicans have been on TV saying, 'I am not going to raise the debt limit,' " said Mr. Graham, including himself in the mix of those who did so. "We have no one to blame but ourselves."
Wait, so you mean there's more to governance than just appearing on news channels all the fucking time and generating soundbites you can use in an election campaign? FASCINATING.

Anyway, having dug themselves into this stupid, dick-swinging hole, and riling up all the nutbag Tea Party freshmen in the House in the process, the senior Republican brass are, natch, beginning to realize that they are at the bottom of a stupid, dick-swinging hole. So rather than channelling their energy into a constructive solution to the budget negotiations, they are wasting it trying to find a face-saving handhold with which they can hoist themselves towards non-culpability and re-election. Here's what they came up with:
An elaborate process where Congress would vote to disapprove instead of approve a debt limit request. That would allow the president to raise the debt ceiling via a successful veto of the disapproval.
It's like Kabuki fucking theatre! If the Republicans think it's such a bad idea not to raise the debt ceiling, why not just raise the debt ceiling?
[Republican leader Mitch] McConnell said in an interview with the conservative radio host Laura Ingraham... "All of the sudden we have co-ownership of the economy. That is a very bad position going into the election."
I believe it might also have consequences FOR THE FUCKING ECONOMY!

I'll be honest, though: the thing that I find most distasteful about the whole situation is that, as usual, rather than calling out any of this bullshit, the Democrats are sitting quietly and in fact suggesting that such a time-wasting, ridiculous piece of political manoeuvring is a "real option."

NO! NO IT IS NOT! BAD DEMOCRATS! BAD REPUBLICANS! YOU SLEEP OUTSIDE NOW! Hasn't it occurred to anyone that if a group of people—Democrats and Republicans alike—have led the country to the point where Moody's wants to downgrade its credit rating, maybe they DON'T ACTUALLY DESERVE TO BE RE-ELECTED?


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