I've been following the debt ceiling talks. It's exactly as not-pretty as you've been lead to believe. it comes down to four players:
1. The so-called 'tea-vangelicals'. Newer members of the House primarily. Their position is absolute and uncompromising because they were elected on an ideological platform. On their own, they aren't a large enough voting bloc to get their way, but they've got the ability to tank legislation coming from the moderate right. Huge proponents of the 'Cut Cap and Balance' plan.
2. Moderate republicans. You've got McCain who isn't trying to court the Tea-vangelicals, and Boehner, who is.
3. President Obama. He's got veto power for anything that comes across his desk. He can also invoke Constitutional privilege and raise the ceiling himself.
4. Dems. Mostly in the Senate, but the House dems have some power.
Here's the problem in a nutshell: The ceiling must be raised AND there has to be a deficit reduction plan that will pass both a republican-held House and a Democratically controlled Senate. House Tea-vangelicals and Senate dems won't agree to the same plan.
This leaves moderate republicans. I'm laying the blame with them, but I'm giving them a major way out. They've been barking up the wrong tree, trying to court the tea-vangelicals. Boehner's new plan passed in the House, but lost the support of 22 moderate republicans, and it won't go anywhere in the Senate.
On one hand, if they try and court democrat's votes, it doesn't look good for their re-election chances. On the other hand, this could be their chance to spin themselves as the heroes who came forward and solved the debt crisis. Let's be honest, the dems have already agreed to give up a lot (massive cuts, raising no new taxes on the rich) so it wouldn't be too hard to craft a bill that GOP moderates will like. I'd gladly let the GOP moderates take the credit if it gets us out of this bickering.
Ideology is nice, but it shouldn't be an economic suicide pact. Pragmatic republicans and democrats should be able to see that.
Friday, July 29, 2011
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