A recently opened fortune cookie offered this novel thought, “…the difficulty is not to come up with new ideas, but rather to undo the old one…”
Quite apropos in light of the ongoing dialog, or lack thereof, in Washington with regards to raising the debt-ceiling limit. From the entirety of the liberal left, then continuing across the spectrum through the middle ground of the blue-dog democrats and Rhino Republicans, and finally encroaching into the camp of the “Tea-Party” conservatives, the anthem of raising the national debt ceiling and the mantra of financial Doomsday is echoing from shore to shore.
It seems that undoing the idea that we need to solve the current financial crisis (caused when Mr. Excessive Borrowing and Ms. Uncontrolled Spending shack up together) by repeating the same steps that brought us here in the first place, namely borrowing more money so that we can legally spend beyond our means, is a hard habit to quit.
From today’s commentary:
NRO’s Mona Charen, “Don’t Blow It; the GOP shouldn’t insist on perfection from the current Congress”
Really Mona? Well, if the GOP shouldn’t and you won’t, then the American people should and they must. Your grandchildren should. All the oppressed and tired huddled masses around the world hoping for a future chance of a legal immigration to the Land of Opportunity and Freedom should. The ideal, the perfect, the virtuous must always be expected and upheld, otherwise, the system will soon collapse.
NRO’s Jim Geraghty, “Sarah Palin to GOP House freshmen” Quoting Palin, “… I respectfully ask these GOP Freshman to re-read this letter and remember us “little people” who believed in them, donated to their campaigns, spent hours tirelessly volunteering for them, and trusted them with our votes. This new wave of public servants may recall that they were sent to D.C. for such a time as this…”
The comments from NRO readers to Geraghty’s post are as spirited as the discussions on Capitol Hill.
Steyn Online’s Mark Steyn: “Dollar for Dollar”
It’s not a dollar-for-dollar match if Obama gets an extra trillion bucks in his pocket now in return for 900-and-whatever billion stretched out over ten years. That formula’s a crock.
Furthermore, at some point the crock risks straining the ratings system beyond repair. Just as Obama and Boehner want credit for talking about cuts without having to cut anything, S&P and Moody’s want credit for musing on downgrading without actually having to do it. That’s understandable: downgrading the United States has consequences that downgrading Ireland and Portugal doesn’t. But, having flopped out in 2008, they want something on the record this time round.
Mark Steyn ought to be a national hero, or at least have a major street named after him. Too bad he belongs to the Canadians.
Thomas Sowell on NRO: “Boehner’s Plan Will Do”
Many of us never thought that the Republicans would hold tough long enough to get President Obama and the Democrats to agree to a budget deal that does not include raising income-tax rates. But they did — and Speaker of the House John Boehner no doubt deserves much of the credit for that.
Is the Boehner legislation the best legislation possible? Of course not! You don’t get your heart’s desire when you control only one house of Congress and face a presidential veto.
Yes, the House Republicans should be recognized for their resistance and efforts to fight to control spending, but let’s not settle for a “deal” when we are in need of a fix. Deals are based on the old idea, but we need a new idea. How about, “Just say NO.”
It’s time to stop the bleeding and the business as usual politics in Washington that continue to run that same old play of raising the debt ceiling. The boat is sinking and it’s not time to take on more water, but rather the time has come to jettison dead weight and to man the bilge pumps. If indeed the world will collapse without a debt ceiling limit (and it really won’t) then by all means, let’s raise it to save the world, or the spotted frogs, or the whales; but for the sake of America, make it the last hike by tying it to a constitutional amendment for a balanced budget. Otherwise, vote NO.