Ugh. Do I have to write about this again? Apparently.
Let’s be clear. Hitting the debt ceiling is a seriously stupid idea. The debt ceiling was never intended to be a debt control measure. It does not, in fact, limit the amount of debt we can run up, only the amount we can pay to creditors for things we’ve already authorized. Here’s Ezra Klein on what will happen if we crash the debt ceiling.
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I don’t like Speaker Boehner or trust him. Which just means I have a lot in common with your average conservative Republican congressman (that and skinny-dipping). It bothers me that this is effectively the most powerful Republican in the federal government. He’s going to compromise our best strengths away and we’re going to get screwed. But I really have no idea what else the GOP in the House should do.
We’re talking about Obama’s legacy … Read more
