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On House Floor Today: GOP Tees Up Next Manufactured Crisis

Despite plenty of rhetoric from House Republicans on providing the American people certainty—the GOP will act today to do just the opposite.  House Republicans are offering a short-term gimmick that will only lead to another one of their trademark manufactured crises.

While Senate Republican Leader Mitch McConnell seems to now realize that is now way no govern:

“It’s time to stop governing by crisis and stop-gap measure.” [1/18/13]

It’s something to which Speaker John Boehner once paid lip service:

“Our economy won’t grow as long as we continue to trip it up with short-term gimmicks from Washington.” [Washington Economic Club, 5/9/2011]

“…Washington has kicked the can down the road, kicked the can down the road, kicked the can down the road, and the American people think we’re crazy.” [Wall Street Journal, 5/15/12]

As did Leader Eric Cantor:

“’…I don’t see how multiple votes on a debt ceiling increase can help get us to where we want to go,’ the Virginia Republican told reporters. ‘It is my preference that we do this thing one time…. Putting off tough decisions is not what people want in this town.’” [Politico, 6/22/11]

And Chairman Dave Camp:

“House Ways and Means Committee Chairman Dave Camp (R-Mich.) also shot down a short-term increase. ‘It doesn’t give you certainty,’ Camp said. ‘Ideally you’d like to get that settled and not have it continually a hanging-over issue.’” [The Hill, 6/22/11]

So perhaps the House GOP should take a cue from their esteemed President Ronald Reagan…

“The full consequences of a default – or even the serious prospect of default – by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.” [1983]

“Unfortunately, Congress consistently brings the government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility — two things that set us apart from much of the world.” [1986]

…and stop the brinksmanship now.  We must rid our country from the threat of default in a bipartisan way that provides much-needed certainty to our economy, protects Medicare, and strengthens the middle class.

 

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