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2016 Postmortem
Related: About this forumWongblog - "Lots of smart Republicans are terrified of the debt ceiling"
Of course, "smart Republican" is starting to sound more and more like an oxymoron these days...
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/16/lots-of-smart-republicans-are-terrified-of-the-debt-ceiling/
Rep. Scott Rigell (R-Va.): Say, Okay, lets just walk through that. What were basically saying, then, is that were going to balance the federal budget not over time, but in a moment; in a day. So the next morning, what are we going to pay? Do you think we ought to pay the troops? Most people would say, Oh, gosh, absolutely. Well, what about those receiving Medicare? Well yeah, that needs to we need to do that. Theyre dependent on that. What about Social Security? Well certainly, we earned that. We paid into that. And you just go down the line. Most folks, if you really walk through it, its not a good scenario.
Sen. Susan Collins (R-Maine) Senator Collins recognizes that the debt ceiling is going to have to be raised because the U.S. cannot default on its obligations to pay for spending that has already occurred.
Glenn Hubbard, top economic adviser to both George W. Bush and Mitt Romney: The debt ceiling must be raised not doing so is irresponsible.
Michael Gerson, The Washington Post: Congressional Republicans are left with less influence than some apparently think. The debt ceiling is a form of leverage they cant responsibly use.
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Wongblog - "Lots of smart Republicans are terrified of the debt ceiling" (Original Post)
TomCADem
Jan 2013
OP
antigop
(12,778 posts)1. "Smart Republicans" --isn't that an oxymoron? nt
Zoeisright
(8,339 posts)3. That was my first thought too.
And yes, it is.
SunSeeker
(51,620 posts)4. Yup. Right up there with "Jumbo shrimp." nt
tblue37
(65,458 posts)2. But when have the Republicans EVER shied away from irresponsibility? nt