Tuesday, January 15, 2013
No, this picture is not meant to represent President Obama. This is a portrait of the Republicans in Congress who are threatening to allow the United States to default on its debts if they don't get their way. If they are stupid enough to pull the trigger, they would harm millions of people (government contractors, federal employees, Social Security recipients, veterans, etc.) who will have to settle for IOUs instead of the checks due to them. They would cause international markets to lose confidence in this country. The government's borrowing costs would probably go up, making the deficit problem that these Republicans are supposedly so concerned about, even worse. And these hostage-takers in Congress would ultimately destroy themselves, because the consequences of their actions would not be popular.
As anyone who follows this blog knows, I am all for bi-partisanship. I am for negotiation. I am for compromise. But there is no reason to negotiate with a group that is holding a gun to their own heads. And there is a lot to be gained by putting an end to decades of pointless debate over raising the debt ceiling.