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View Diary: Politico's new myth: It's never easy for House GOP to raise debt ceiling (42 comments)

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  •  Symbolic Votes Are Only That (9+ / 0-)

    It's absolutely true that members of both parties have voted against debt ceiling increases when either (a) it was part of a larger bill they opposed, or (b) the vote would be purely symbolic because their party didn't have the votes to actually block the debt ceiling increase.

    As Harry Reid's admission shows, both sides have engaged in political posturing on the debt ceiling:

    “I shouldn’t have done that. I’m kinda embarrassed I did. It was a political maneuver by we Democrats. The Republicans were in power – there were more of them,” Reid said. “The president voted when he was in the Senate the same way. I heard him apologize for it. We all should take a look at how we handle these issues, but that doesn’t take into consideration the numerous times, the numerous times I voted to raise the debt ceiling. The one time I tried to make a political issue of it, I wish I hadn’t.”
    But the Republicans are not posturing.  They are willing to block the debt ceiling increase and trigger a global economic meltdown.  Not only have Democrats never threatened to do this, they didn't have the votes regardless.  (Harry Reid's quote shows he voted against the debt ceiling PRECISELY BECAUSE the Republicans were in power and had the votes regardless.)

    There's no hypocrisy here.  Democrats have simply never advocated or done what Republicans are once again doing now.

    •  We can agree and disagree (3+ / 0-)
      Recommended by:
      MPociask, TexasTom, VClib

      We agree that Republicans now should not be using the debt ceiling as part of a political game.

      Where we disagree is that I don't think the fact that they didn't have as many vote excused Democrats back then who cast the exact same vote.  

      I agree with both the President and Senator Reid -- the Democrats were wrong back then to use a vote to increase the debt ceiling to make a political statement.  By doing that, they legitimized the notion of making the debt ceiling a political issue.  

      If you want to berate Republicans for using the debt ceiling as an opportunity to make a political statement, fine.  But it seems to me that you lose credibility when you build into that argument, "but it was ok when Democrats did it."  You would have more credibility (with me, anyway) if you took the tact of President Obama and Senator Reid -- it was wrong when they did it then, and today they are embarrassed (according to Senator Reid) by that vote.  

      •  Sigh... (5+ / 0-)

        ...I'm not berating the Republicans for making a political statement.  I'm berating them because they are willing to destroy the American economy.

        Until 2009, neither party ever held the debt ceiling hostage in this way.  Full stop.  (And now, Politico is suggesting what the GOP is doing is routine.)

        You're right that we'll have to agree to disagree on this point.

        Either way, it's been a good discussion!

        •  Brother John (0+ / 0-)

          Please stop perpetuating the myth the US Govt is like a household....namely, like all other USERS of a currency, the Govt needs to 'borrow or tax' in order to get money to spend.
          This is fundamentally wrong.  The Gold standard has been over since 1971, the Govt creates the US dollar.  The US Govt is a currency ISSUER.  Its time that you stop helping the right wing by parroting their talking points about the US Govt being 'in debt"

          MMT = Reality
          neweconomicperspectives.org
          http://mythfighter.com/...

          "The Earth is my country and Science my religion" Christiaan Huygens

          by Auburn Parks on Tue May 07, 2013 at 05:16:25 AM PDT

          [ Parent ]

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