A debt-ceiling fight will be good for the country
The debt ceiling ought to be raised because nobody has a plan to eliminate the deficit immediately, and there is no popular support for doing what that would take. A congressman who isn’t presenting and supporting a zero-deficit-now plan has an obligation to give the federal government the additional borrowing authority that continued deficits make necessary.
For liberals, that’s the end of the matter. The debt ceiling should be raised without any spending cuts attached, and ideally it should be raised to infinity. One common argument goes like this: Since Congress sets spending and tax levels, no good purpose is served by holding a separate vote making it possible for the government to follow Congress’s original instructions.
That argument would have more force if the federal budget were the result of a deliberate policy. Instead, more and more of our spending rises on autopilot because of decisions made long ago, and nobody is forced to take responsibility for the gap between revenue and commitments. Bills to raise the debt ceiling are the only occasions when congressmen and the president come close to doing so. They are thus appropriate moments to attack the trends that are driving our rising debt.









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That’s actually true. 50 years of appeasement from the Republican party has resulted in this nation moving so far to the left – that we’ve reached critical mass and this reactor is self-sustaining without the need for heat.
Could have made minor adjustments long ago and fixed this – we didn’t.
Now – we got no plan to fix it and the Dims say … “Raise it if you ain’t got a plan”
HondaV65 on January 8, 2013 at 8:34 PM
I’m surprised Ramesh wrote a semi-conservative article. Kudos to him, might be getting on the wagon again.
IR-MN on January 8, 2013 at 8:41 PM
the debt ceiling fight is theater…
equanimous on January 8, 2013 at 8:53 PM
It will be good if it becomes the final death blow to the Republican party.
astonerii on January 8, 2013 at 9:01 PM