Idiotic Brinksmanship
Circa 2011: Maybe we can survive a default on our debt obligations if it is strategic and limited to a couple of days.
Circa 1980: Maybe we can survive a nuclear war if it is strategic and limited to a couple of cities.
Ancient Chinese curse: may you live in interesting times. This web site is my attempt to document, from my perspective, these "interesting times".
Circa 2011: Maybe we can survive a default on our debt obligations if it is strategic and limited to a couple of days.
Amazingly, the "unthinkable" is now becoming thinkable. Some Republicans are starting to say openly that defaulting on the debt, even for just a couple of days, is no big deal. And this shocking development is, understandably, disturbing a lot of people who never thought they would see the day.
Ta-Nehisi Coates:
There is something I've never quite understood about the critics of Obama from the left: why is it necessary to portray him as a puppet of evil (if not evil itself)? You disagree with him on policy. Some of that disagreement is well founded. But that isn't enough. You can't just say "Obama is wrong". You have to say "Obama is evil."Was there something more Obama should have done to get a public option? Should he not have traded the Bush tax cuts for extending unemployment benefits? Did Obama settle too quickly on a small stimulus package? Was he wrong to allow the GOP to shut down planned parenthood in DC? Is the strategy of increased drone attacks in Pakistan inhumane? Was the financial reform bill he signed ultimately too weak?I think all of this is fair game. I think Charles Ferguson's critique in Inside Job was really solid. I think calling someone a "black mascot" or a "black puppet" because they don't agree with you is much less so.
David Frum:
It is not in Obama's character to be so petty in his policies, but I would love to see the Republicans squawking if he did it.
Some Republicans suggest that there’s no special need to worry about hitting the debt ceiling: after all the Treasury will still collect much more in revenue than it spends on interest payments. The Treasury can continue to pay bondholders while ceasing to pay other bills.
Do these Republicans understand that even assuming this idea were legally and technically feasible (which it is not), it would amount to handing President Obama recission authority over the entire federal budget?Under this scheme, if feasible, could the president decide: OK then, I’ll just stop paying Medicaid bills in states led by Republican governors?
Paul Krugman is right. There is absolutely nothing misleading about the new DCCC slogan. In fact, to say otherwise should be the very definition of misleading.