Tuesday, October 08, 2013

What Hath Reagan Wrought?


Kevin Drum on default:
How do you get across how insurrectionary this is? Raising the debt ceiling isn't a concession from Republicans that deserves a corresponding concession from Democrats. It's the financial equivalent of a nuclear bomb: both sides will go up in smoke if it's triggered. Ditto for the government shutdown. And ditto again for the piecemeal spending bills, which are basically a way for Republicans to fund only the parts of government they like but not anything else.
 
You can't govern a country this way. You can't allow a minority party to make relentless demands not through the political system, but by threatening Armageddon if they don't get what they want. It's not what the Constitution intended; it's not something any president could countenance; and it's reckless almost beyond imagining.

And most important of all, it's not something that should get written about as if it's just a modest escalation of normal political disagreements. It's not normal. At all. But how do you get this across? How do you get across just how non-normal it is that we're even talking about it?
Here goes your IRA:

Source: NY Times
If U.S. Government debt isn't secure, nothing is secure. Hold on to your hats, folks. Happy landing.

No comments: