On the sincerity of the Congressional Republicans
7.20.2011 Leave a comment
White House and congressional negotiators are currently in the process of striking a deficit reduction deal, as most Republicans in Congress are refusing to raise the federal debt ceiling without deep cuts to public investments and social insurance programs like Social Security and Medicare. By doing so, these Republicans are essentially holding the country hostage, threatening the United States with default unless Democrats agree to these cuts.
Yet these Republicans were not always demanding hostages in exchange for allowing the country to pay its own bills. In November of 2004, Congress voted in both the House and Senate to hike the U.S. debt limit by $800 billion, which raised the total ceiling to $8.1 trillion.
A ThinkProgress review of the votes in both the House and Senate finds that a whopping 130 congressional Republicans voted to hike the debt ceiling that November that remain in the U.S. Congress today (either in their same seats or by coming to the Senate). These members of Congress did not demand draconian cuts in public investment that would’ve driven up unemployment and threatened the economy in return.
Of course, there was one other difference between then and today. President George W. Bush was in the White House, and Republicans did not have an incentive to try to politically damage him by holding the debt ceiling hostage.
It appears that the Congressional Republicans are insincere to a degree that they would strongly prefer to destroy the credibility of the Federal government in order to score pyrrhic political victories over their Democratic Party opponents, victories they would ‘win’ by opposing policies they had supported in the past.
- US’s Boehner: ‘Lot Of Options Available To Us’ on Debt Ceiling (forexlive.com)
- Ill-fated GOP debt plan passes in House vote (cbsnews.com)
- US House Passes Republican ‘Cut, Cap, And Balance’ Budget Plan (forexlive.com)
- Compromise Coming?: Debt Debate Takes a New Turn (blogs.abcnews.com)
- Great news: Gang of 6 plan won’t be ready for August 2nd deadline (hotair.com)
- Bipartisan Plan for Budget Deal Buoys President – New York Times (news.google.com)
- ‘Gang of Six’ lawmakers emerge with new deficit-reduction plan (nytimes.com)
- House set to vote on GOP debt cutting measure (cnn.com)
- White House Insider: Democrats Disgusted Over Obama &Ldquo;incompetence” On Debt Ceiling Debate (socyberty.com)
- Obama Backs New Senate Debt Plan (online.wsj.com)