Akvod said:
badgenome said:
Mr Khan said:
badgenome said:
Not really. In 2006, every single Democratic senator voted against raising the debt ceiling. Some of them, including Obama, even gave some pretty impassioned speeches as to why it was the wrong thing to do.
And there never was a Clinton surplus.
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All politics on that end. In 2006, before the election, the Dems were still the double-minority, and had absolutely no incentive to vote to raise the debt ceiling or make it look like raising the ceiling was a good idea at the time.
Which is the problem we're seeing with the Republicans right now. They're still acting like a double minority party, and not a responsible partner of governance which is what you have to be when you have divided government
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Which is kind of my point. It's not only Republicans who play politics with the raising of the debt ceiling, and contrary to what so many people keep saying, nothing about the present situation is unprecedented (except for the fact that we are dealing with trillions instead of billions now, of course) as the Democrats tried to put the screws to Eisenhower in almost the exact same way.
I suspect we could argue at great length over just who is behaving more irresponsibly here, but Harry Reid knew exactly what the next Congress would look like when he declined in November to take up the raising of the debt ceiling - which at the time was supposed to be reached in April. But he decided he wanted Republicans to own it, too, so he put it off, probably banking on the idea that these crazy freshmen didn't really believe what they were saying. Clearly, at least some of them do.
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The Democrats never dragged out a debt ceiling debate until 2 days before the treasury runs out of money.
This is madness. The damage is already done, whether we raise the debt ceiling or not. If our legislative branch is going to put the world economy at risk until (?) the last minute, who knows if they're going to do it again in the future.
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Except, the damage has nothing to do with the debt ceiling. We were going to be downgraded credit wise anyway.
