Tuesday, May 31, 2011

Dems Should Rattle the Markets

The great political journalist Paul Kane reports on the the Kabuki theater of a "clean" debt-ceiling vote that will occur this evening and "prove" that there isn't support, or at least a majority vote, for an increase in the national debt limit without some sort of fiscal action. The GOP is taking great pains to reassure Wall Street that this vote is merely symbolic while they continue their extreme demands for massive social spending cuts and the elimination of Medicare as the cost for their vote sometime in the near future. Their demands are patently reckless and irresponsible


My question is why Democrats have to be the responsible party solely concerned with the nation's debt rating, particularly since Republicans are so extreme on the other side of this issue?

Why don't Dems adopt Republican tactics in response and try to unsettle the markets by suggesting that they won't vote for any "unclean" debt ceiling vote? Boehner will need some Democratic support for any unclean increase and of course McConnell will need the same in the Senate. 

Better to rattle Wall Street now and have the GOP businessmen bring pressure to bear on their Republican puppets, rather than let insane Republican demands drive all of the negotiations.

Unfortunately, Dems don't do crazy. Unless it's Cynthia McKinney or Maxine Waters. Whereas crazy is running the House GOP leadership (Boehner excepted but complicit).

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