Kevin Drum, discussing the Trillion Dollar Coin Trick:
But put that aside for a moment. I want to ask something else: is this really the road liberals want to go down? Do we really want to be on record endorsing the idea that if a president doesn’t get his way, he should simply twist the law like a pretzel and essentially do what he wants by fiat? My recollection is that we didn’t think very highly of this kind of thing when we thought George Bush was doing it.
This whole thing is not just a ridiculous idea, it’s a bad idea too. Republicans seem willing to set the country on fire to please their increasingly fever-swampish base, and eventually they’ll pay a price for that at the polls. Sooner than that, they’ll pay a price with the business community. This is a problem that we should work out via politics and public opinion, not by pretending the law allows the president to do anything he wants.
Gee Kevin, who are the crazy ones here?
We are currently OVER SIXTEEN TRILLION DOLLARS IN DEBT. On one side are the people who want to get a handle on government spending and set our fiscal house in order. On the other side are people who are asserting that there should be no restraints on the President’s power to keep spending money we don’t have.
Reasonable people can disagree, but the Vile Progs won’t accept that anyone who disagrees with them is being reasonable. That’s an article of their faith, not a negotiating ploy. Which, of course, makes compromise out of the question.
For the record, I am opposed to any radical ideas for achieving budgetary sanity. We have a moral obligation to take care of our children, elders and the disabled. I would not want to live in a nation that let people starve in her streets or let the sick and injured go untreated. On the other hand we cannot turn to confiscatory taxation as a solution to all of our financial problems.
But we are not facing such stark choices, at least not yet. We have been spending money we don’t have like crackheads with a stolen credit card. There is no painless solution to our problem. We cannot spend our way out of debt and we have a moral obligation to our children and grandchildren not to dump the cost of our extravagance on them.
Sooner or later there will be accountability. It took us years to get in this mess and it will take years to get out of it. The sooner we deal with it, the better for all of us.
The First Rule of Holes: “When you’re in one, stop digging”
Filed under: Federal Deficit, National Debt | Tagged: Federal Deficit, National Debt | 77 Comments »