Why More Lawmakers Should Have Fought the Debt Ceiling Suspension

My Foundry piece this week explains the clean debt ceiling suspension is just the beginning of a sustained effort to abdicate fiscal responsibility.  Some Republicans are discussing the possibility of reinstating the “Gephardt Rule,” a mechanism that allowed for approval of legislation increasing the nation’s statutory debt limit without an actual vote in the U.S. House of Representatives.  Reinstating this rule would supposedly allow lawmakers to avoid periodic debt ceiling dramas, to the detriment of the American people:

America established a statutory debt ceiling in 1917 as part of the Second Liberty Bond Act. According to the non-partisan Congressional Research Services, the debt ceiling “imposes a form of fiscal accountability that compels Congress and the President to take visible action to allow further federal borrowing when the federal government spends more than it collects in revenues.”

To put it another way, we have installed a smoke alarm in our nation’s fiscal house.  If lawmakers believe it is dramatic to periodically determine whether or not the house is on fire, they should have the intellectual honesty to suggest we eliminate the nation’s debt ceiling.

Some today are criticizing Sen. Ted Cruz (R-TX) 94% for refusing to allow the Senate to suspend the debt ceiling in an expedited process. Incredible. It’s bad enough to advocate resetting our nation’s smoke alarm and going back to bed while the children are asleep upstairs.  Waiving the regular order of the Senate to take such an irresponsible step is beyond absurd.

Read the whole post here.

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4 thoughts on “Why More Lawmakers Should Have Fought the Debt Ceiling Suspension

  1. If folks like the John B. remain entrenched, the Republican party will lose the 2014 and more importantly the 2016 elections. Then Khrushchev was right The socialist/communists will win. I feel like that guy from Network who said I’m mad as hell and I’m not going to take it anymore. Let’s pick the right spokesman now and stand united against tyrannical (money for me) politicians. When I see my own rep (McKeon) is only at a 42% rate with Heritage it makes me sad. Kennedy(a Dem) said “We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win, and the others, too.” You want to be a hero to the US and to the world, take a similar attitude. Ex: balance the budget (or else) so we can bring hard things to completion like desalinization for all, at an affordable price and help 3rd world nations have clean water wells. I hope this is not taken as just a rant from an idealist, but a guy born during WWII who is on a fixed income who can’t afford to contribute, but prays for our country to turn around daily. In God I Trust. Any one agree?

  2. Please get over nit picking – and move on as winners – please.
    Sounding like gripers – and a wrecking ball team does not win in 2016.
    Lean a bit to the middle and win in 2016. Those leaning on the right wall of the room cause a big loss in 2016….if they insist on their impeach/shut down/default agenda.

  3. What about focusing on how the Pres. beverage of choice seems to be beer and bourbon. Is that why he doesn’t think about consequences? Is that why he seems to be coming from a weird place of not thinking of ALL Americans’ when planning his agenda? He speaks to rallies and speaks of hearing the people and their voices plead for Amnesty – and plead for funding world climate change taxes and such and that could indicate he is not hearing the loss he suffered because of – well – could it be beer and bourbon? Could it be? In courts every day are folk for whom these are poison and cause DUI’s and death on our highways. Please, Mr. President, choose a beverage like milk or orange juice or coca cola or pepsi or something that does not harm families and cause people such pain as alcoholic beverages. America needs to be going to Church more and not going to bars more. Agree?

  4. Was Pres. Obama having a Bourbon when letting the Guantanamo prisoners free to join ISIS and when going after the Seal Team 6 PATRIOT who shot Bin Laden? Why is he not given the highest honor along with all team members? WHY? It’s not too late.

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