To Grasp GOP Debt Stand, Picture a Bank Robber …
House Speaker John Boehner Image by Getty Images
J.J. Goldberg October 3, 2013
House Speaker John Boehner is reported to have told fellow Republicans that he won’t allow the federal government to default. He said he will see to it that the debt ceiling is raised, even if it means passing a bill with the support of Democrats and a minority of Republicans. Here’s what Boehner’s spokesman Michael Steel told the Washington Post:
“Speaker Boehner has always said that the United States will not default on its debt, but if we’re going to raise the debt limit, we need to deal with the drivers of our debt and deficits,” Steel said. “That’s why we need a bill with cuts and reforms to get our economy moving again.”
In other words, he’s going to make sure that the debt ceiling is raised, but only on condition that the measure to raise the ceiling includes some other fiscal and budgetary actions that the Republicans favor. Ezra Klein at the Washington Post Wonkblog unpacks what this means:
On the one hand, Boehner has always said he won’t allow the United States to default. On the other hand, he’s also always said that he won’t pass a clean debt-ceiling bill.
Imagine a bank robber who swears no hostages will be harmed under any circumstances but also says no one gets out alive if his demands aren’t met. That’s more or less Boehner’s position.
If you dig a little deeper, you come to a pretty shocking bottom line:
Whenever two sides sit down to negotiate serious differences, they both understand that they will have to give up something they value, because the other side wants it. Boehner, Paul Ryan and others are said to be talking about a “grand bargain” that gets the government’s fiscal house in order.
And what thing of value does each side give up? According to the Washington Post’s Chris Cillizza, the Democrats agree to entitlement reform—meaning lowering the costs of Social Security and Medicare—and Republicans agree to tax reforms with no revenue increase (which for Democrats, you’ll recall, means no genuine tax reform) and raising the debt ceiling.
Bottom line: Republicans agree to the painful concession of letting the government pay its debts.
The Forward is free to read, but it isn’t free to produce
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
Readers like you make it all possible. We’ve started our Passover Fundraising Drive, and we need 1,800 readers like you to step up to support the Forward by April 21. Members of the Forward board are even matching the first 1,000 gifts, up to $70,000.
This is a great time to support independent Jewish journalism, because every dollar goes twice as far.
— Rachel Fishman Feddersen, Publisher and CEO
