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As much as I love a good outing, and bi-partisanship, I find this whole situation ridiculous.
Raising the debt ceiling is not a question, it shouldn’t be a political issue at all. Yet here we are. It is congress’ job to decide how much money we spend, and then when they spend too much, they get to decide if they can spend more…so they have to pass two bills to accomplish the same thing. The concept of removing the debt ceiling has already been thoroughly discussed. However, it still should be mentioned again: IT IS REDUNDANT, GET RID OF IT!
Second, as has already been pointed out by our secretary of the treasury, the consequences of not raising the debt ceiling would be catastrophic to our country and to our stalled recovery. (See here). IMMEDIATELY the government would not be able to pay its bills, business that rely on government dollars to function (GE, Banks, ect. ect), would suddenly be facing a series of IOU’s and some serious questions of what their profits can be. Business’ hate to have uncertainty, they cant make decisions if they don’t know what to expect, which means they cant hire, and usually have to fire people.
I don’t mean to be alarmist, but this is HORRIBLE. The republicans have decided to gamble the lives and jobs of many Americans just to push for their political ideology. This of course is not new. (e.g. Eric Cantor refusing to increase disaster relief funds unless they could find more cuts). However, this is particularly stupid. SO lets figure out WHY!
ON May 31, 2011, the Republicans told us why, for politics. At 7 PM, the republicans held a vote on the debt ceiling. This vote was completely symbolic, and held only so that they could get the Democrats on record as have voting for a clean debt ceiling bill, which is ironic, because that is what makes sense. IT MAKES SENSE for our country to vote for bills that will keep our government functioning, keep jobs, and maintain the stability of US currency, that sounds to me like what our Government should be doing. However, Eric Cantor and Jon Beohner disagree, they believe that this is about politics, about scoring big in the next election regardless of the cost to America.
Which is why, on a Saturday afternoon in Ohio, they meet in the luxury of a private golf course to play some rounds, wearing expensive clothing, while millions are struggling to get jobs. I am not criticizing them for doing these things, or for even doing them while people are out of work. What I am saying is that the President has to put on this charade about a non-issue, something that should have already been voted on and done with, while many Americans are STILL WAITING FOR A JOB BILL FROM THE GOP! (Yes I know about the “JOBS” bill and their 10 page picture book, but I don’t consider those, that’s just silly).
So if Beohner and would spend his time legislating the important bills then I would say feel free to take a break and call the President to talk about non-economic threating issues like abortion or gay marriage or all the other tiny issues that have dominated your 6 months in office, but until then, stay in DC, and RAISE THE DEBT CEILING!
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