Before we get started, I need to make another appeal for donations. We still need a little more money to pay for WordPress extras like extended memory and our domain name. If you could give even $5, it would help a lot. We only need about $30 more to cover everything. Thanks so much to those of you who already gave!
Now on to the news of the day, which is so strange that I hardly know how to begin. Did we really just go through more than two weeks of a hostage drama with supposed grown-up elected officials threatening to bring down the U.S. economy–and along with it the global economy–unless the President and the legislature agree to repeal a legitimate law that has been upheld by the Supreme Court? Or failing that, deny birth control to adult women?
Yes, yes we did. Somehow, truly insane people have tried to take over the government. They’ve been defeated for now, but in only a few months we could go through this again! This article at Bloomberg Businessweek pretty much sums it up: Congress Ends Impasse to Be Revisited in January.
After the partisan passions and heated rhetoric, the disruptions of a government shutdown and displays of dysfunction, Congress did what it could have done weeks ago: voted to fund the government and lift the debt limit.
The passage last night by wide margins — an 81-18 vote in the Democratic-led Senate, followed by a 285-144 vote in the Republican-controlled House — allows the U.S. to avoid default and ends the shutdown that began Oct. 1 and has taken $24 billion out of the U.S. economy.
President Barack Obama signed the bill just after midnight, according to a White House statement. The measure puts government workers back on the job starting today and permits the U.S. to pay its debts, benefits and salaries.
Lawmakers didn’t show they’re any closer to resolving the underlying issues of spending priorities and deficit-reduction measures, particularly in the House where a shrinking political middle makes compromise elusive as the latest events show.
The focus now shifts to a new series of deadlines — the first for budget negotiations with a Dec. 13 target — that set up more rounds of political combat over taxes and spending on programs including Social Security and Medicare. The deal funds the government at Republican-backed spending levels through Jan. 15, 2014, and suspends the debt limit through Feb. 7.
But according to CBS News, Republicans still plan to keep trying to repeal the Affordable Care Act.
[Senate Minority Leader Mitch] McConnell claimed victory for Republicans in the fact that the sequester cuts mandated by the Budget Control Act were preserved, and assured the party he is committed to fighting to repeal Obamacare.
“Republicans remain determined to repeal this terrible law, but for today the relief we hope for is to reopen the government, avoid default and protect the historic cuts we achieve under the Budget Control Act,” he said. “This is far less than many of us had hoped for, frankly, but its far better than what some had sought. Now it’s time for Republicans to unite behind other crucial goals.”
Ted Cruz plans to continue the hopeless fight against Obama’s health care law. From Mediaite: Ted Cruz Slams ‘Lousy Deal,’ Pledges Obamacare Fight Is Far From Over on Hannity.
Ted Cruz and Mike Lee, the conservative tag-team that led the fight on Obamacare from the beginning, joinedSean Hannity Wednesday night before the House voted to officially end the government shutdown, both of them slamming the compromise deal and promising to continue fighting the health care law. Cruz called it a “lousy deal” and the latest example of the “Washington establishment selling the people down the river.”
Watch the video at the link if you can stomach it.
Meanwhile, back in Texas some folks aren’t so happy with their new Senator. The Houston Chronicle yesterday expressed regret for having endorsed him. From HuffPo:
Nearly one year removed from its decision to endorse Ted Cruz, the Houston Chronicle reflected back on that choice in a Tuesday op-ed, admitting that he has not lived up to the paper’s expectations.
In a piece entitled “Why We Miss Kay Bailey Hutchison,” the newspaper reflected back on how Hutchison had an “extraordinary understanding of the importance of reaching across the aisle when necessary.” That skill has not been displayed by Cruz or senior Sen. John Cornyn (R-Texas), according to the Chronicle….
In an Oct. 18, 2012 op-ed, the Chronicle explained that its endorsement of Cruz was premised on him following the example of previous senators, including Democrats Lloyd Bentsen, who went on to serve as Treasury Secretary and Lyndon B. Johnson, who later became president.
“We expect Cruz as the senator from the Lone Star State to spend his energies standing up for Texans of every background and economic station, representing their best interests from health care and education to energy, space and medicine,” the paper wrote.
It might be time for Ted Cruz to get a dog.
Because as the saying goes, if you want a friend in Washington, that’s what you do. And by the time Cruz’s crusade to defund Obamacare finally crashed to a halt Wednesday, the Texas senator had precious few friends left.
The government shutdown alienated colleagues in both parties. It generated fresh animosity toward the tea party and a flurry of recriminations toward Cruz. Voter support for the Republican Party plunged….
Cruz willed himself to the center of the fight. For months, he predicted that Democrats would cave if Republicans stood together to strip funding from the health care law. He dramatized the cause with a 21-hour overnight Senate speech, soaring to unusual prominence for a freshman senator. He refrained from using the risk of a catastrophic default on U.S. debt as leverage. Still, the defeat was so resounding that it left his political future in doubt.
The vast majority of his colleagues repudiated his tactics. Some accused him of promoting himself more than any attainable goals or the health of his party.
Sen. John McCain of Arizona, the 2008 GOP presidential nominee, called the last few weeks an “agonizing odyssey.”
“This has been one of the most shameful chapters I’ve seen here,” he said, lamenting damage to the GOP for little gain. “We’re in a hole. We have to dig out. We weren’t going to defund Obamacare, and we weren’t going to keep the government shut down.”
On the other hand, Mitch McConnell didn’t walk away empty-handed. WFPL in Louisville reports: McConnell-Reid Deal Includes $3 Billion Earmark for Kentucky Project.
Language in a draft of the McConnell-Reid deal (see page 13, section 123) provided to WFPL News shows a provision that increases funding for the massive Olmsted Dam Lock in Paducah, Ky., from $775 million to nearly $2.9 billion.
The dam is considered an important project for the state and region in regards to water traffic along the Ohio River.
As The Courier-Journal’s James Bruggers reported in 2011, the U.S. Army Corps of Engineers said they needed about $2.1 billion for the locks due to “stop and go funding.”
Asked about the additional funding in the proposal, McConnell spokesman Robert Steurer directed all questions to lawmakers who worked on the bill directly.
Hostage-taking, extortion, and bribery. It’s the Republican way.
In the midst of the madness last night, Diane Reedy, a House stenographer had to be dragged off the House floor after she grabbed a microphone during the vote and began ranting about Freemasons. CNN:
Amid all the chaos of the last-minute deal in Washington, there was an unusual moment on the House floor moments after the bill passed.
A House stenographer and well-known employee calmly took to a microphone and began screaming.
“Do not be deceived. God shall not be mocked. A House divided cannot stand,” she said, according to a House GOP aide. After a few seconds, she was escorted out by the Sergeant-at-Arms, but an audio recording by Todd Zwillich of Public Radio International captured the rest of her rant.
“He will not be mocked, He will not be mocked, (don’t touch me) He will not be mocked. The greatest deception here, is that this is not one nation under God. It never was. Had it been… it would not have been… No. it would not have been… the Constitution would not have been written by Free Masons… and go against God. You cannot serve two masters. You cannot serve two masters. Praise be to God, Lord Jesus Christ.”
According to Dana Bash, the woman is well liked on Capitol Hill. She was taken to a hospital for a psychological evaluation. I hope she will be okay; but frankly, her behavior is no crazier than that of some House members. For example, insane Texas Rep. Louis Gomert claimed yesterday that Sen. John McCain is a supporter of al Qaeda. Raw Story reports McCain’s response:
Sen. John McCain (R-AZ) shrugged off Rep. Louie Gohmert’s (R-TX) insinuation that he was an “al Qaeda supporter” in an interview with NBC Nightly News host Brian Williams on Wednesday, while conceding to an increasing amount of polarization between lawmakers.
“On that particular issue, sometimes comments like that are made out of malice,” McCain told Williams. “But if someone has no intelligence, I don’t view it as being a malicious statement. You can’t respond to that kind of thing.”
And this wasn’t just an isolated incident.
Gohmert made a thinly-veiled reference to McCain during an Oct. 11 appearance at the Value Voters Summit, mocking his trip to meet with rebel leaders in Syria by calling him, “a guy that’s been to Syria and supported Al Qaeda and the rebels.”
The two also clashed in 2012, with Gohmert calling McCain and other GOP lawmakers“numbnuts” after McCain criticized Gohmert and Rep. Michele Bachmann (R-MN) for what he called “specious and degrading attacks” against former State Department aide Huma Abedin.
Can we get Gomert a psych eval? Please?
Just a couple more links on reactions to the insanity in DC:
From the Wall Street Journal: Business Voices Frustration With GOP.
The budget stalemate that had the U.S. flirting with default has left business and the Republican Party, longtime political allies, at a crossroads.
In interviews with representatives of companies large and small, executives predicted a change in how business would approach politics. They didn’t foresee a new alignment with Democrats but forecast backing challengers to tea-party conservatives in GOP primaries, increasing political engagement with centrist Republicans and, for some, disengaging with politics altogether.
Many business executives say they were dismayed that some Republicans didn’t heed their warnings that closing the government and risking default would hurt the U.S. economy. Others expressed disgust with Washington politics in general. All said the crisis could have been averted with a more pragmatic approach.
The decadeslong relationship between American business and the GOP is certainly likely to endure, with business still feeling a kinship and shared goals with many in the party, including a push for lower taxes and lighter regulation.
But the conversation among businesses is “characterized by tremendous frustration and angst,” said Dirk Van Dongen, president of the National Association of Wholesale-Retailers, a trade group. “Because at the end of the day, the system is supposed to produce results, and the failure to produce results has consequences.”
“The U.S. can give a sigh of relief for now but the New Year could bring a dangerous sense of déjà vu,” Luke Bartholomew, investment analyst at Aberdeen Asset Management, said.
Equity markets in the U.S. and Asia initially welcomed the last-minute deal which pulled the world’s biggest economy back from the brink of a historic default, but the rally ran out of steam as the longer-term implications sank in….
The temporary nature of the agreement and longer-term worries that the debt ceiling risks would become a structural drag on the economy also weighed on debt markets.
That view was shared by Chinese credit agency Dagong, which downgraded the U.S. sovereign rating to A- from A with a negative outlook, driving further dollar losses.
The 10-year benchmark Treasury note yield slipped to 2.65 percent from around 2.68 percent late in New York. While U.S. Treasury bill futures had gained 0.1 percent.
“It casts dark clouds over the economy – politics are now the main drag for growth in the U.S,” Rabobank strategist Philip Marey said.
Read more at the link.
Finally, the Center for American Progress has released a report on Replacing the Sequester. Check it out at the link.
Now it’s your turn. What stories are you following today? What reactions are you seeing to yesterday’s agreement? Please post your own thoughts as well as your links on any topic in the comment thread.
I hardly know where to begin this morning. The insanity that has gripped the nation’s capital is so extreme that some kind of intervention may be necessary.
Is it possible for the UN or the IMF to step in and explain to Tea Party Republicans why the full faith and credit of the United States government cannot be held hostage in an effort to overturn the results of two elections? Or perhaps they could explain to House Speaker John Boehner that his frantic efforts to hold onto his speakership could end with voters replacing him with a Democratic Speaker in 2014?
As depicted in the cartoon above, the Republican majority in the House is being held hostage by around 30-40 delusional Tea Party wingnuts and their putative leader–John Boehner has no clue how to deal with the hostage crisis. It’s a mystery to me why anyone would even want that job, but to Boehner the job is apparently more important than the nation’s–and the world’s–economic well-being. Holding onto his job is apparently so important to him that he is willing to look like a complete fool rather than stand up to a bunch of crazy people in his own party.
Meanwhile, the media pundits are getting a little more restless–realizing that we really could reach the debt limit on October 17 without the House voting on a “clean” continuing resolution or an increase in the government’s ability to borrow to pay its bills.
Normally, I wouldn’t link to the National Review, but yesterday they published a piece by Washington editor Robert Costa, who probably has a pretty good idea what insane caucus in the House is up to. Costa writes:
Speaker John Boehner may be trying to finalize a plan to raise the debt limit, but House conservatives are already skeptical of his efforts. In interviews, several of them tell me they’re unlikely to support any deal that may emerge.
Costa goes on to quote a few of the wackiest of the wackos (emphasis added):
“They may try to throw the kitchen sink at the debt limit, but I don’t think our conference will be amenable for settling for a collection of things after we’ve fought so hard,” says Representative Scott Garrett (R., N.J.). “If it doesn’t have a full delay or defund of Obamacare, I know I and many others will not be able to support whatever the leadership proposes. If it’s just a repeal of the medical-device tax, or chained CPI, that won’t be enough.”
Representative Paul Broun (R., Ga.) agrees, and says Boehner risks an internal rebellion if he decides to broker a compromise. “America is going to be destroyed by Obamacare, so whatever deal is put together must at least reschedule the implementation of Obamacare,” he says. “This law is going to destroy America and everything in America, and we need to stop it.”
“Stay the course, don’t give in on it, that’s what the people in my district are saying,” says Representative Ted Yoho (R., Fla.). “We did a town hall the other day, and 74 percent of people said, ‘don’t raise the debt ceiling.’”
This despite the fact that polls show their ideas are poison to the American public. These people are truly insane, and they believe they’re winning. Nothing will stop them except throwing them out of their jobs. Here are some other reactions to Costa’s piece.
David Atkins of Hallabaloo: Nothing less than Fort Sumter will do.
If you think this is insane–and it is–keep in mind that it’s only going to get worse from here.
Until Republicans are removed from control of all branches of government, the brinksmanship is going to get worse, and the demands are going to become more severe. The lunatics are running the asylum now, the revanchist movement is in full swing, and the Lost Cause is the name of the game.
Not even sequestration-level spending plus cutting Medicare and Social Security will do for these people–and that’s after losing an election. Try to picture where the Republican party was 30 years ago. Then 20 years ago. Then 10 years. Then today. Now picture 10 years from now. Anyone who thinks there’s going to be a retreat from the precipice is deluding themselves. If they lose in 2014, it will be because they didn’t hold firm against Obamacare. If they lose to Hillary in 2016, it will be because they didn’t shout loud enough about Benghazi.
If we don’t stop them somehow, the Tea Party crazies will try to refight the Civil War.
Josh Barro at Business Insider: Republicans Do Crazy Things Because They Have Crazy Beliefs. Barro responds to Georgia Rep Paul Broun’s claim that “America is going to be destroyed by Obamacare….This law is going to destroy America and everything in America, and we need to stop it.”
It’s one thing to oppose Obamacare. It’s quite another to believe it will “destroy America and everything in America.” As Manhattan Institute Senior Fellow Avik Roy, a strong opponent of Obamacare, wrote last month:
The idea that we had a free-market health-care system before Obamacare, and a socialized one after, is completely and utterly incorrect. In 2010, before the passage of Obamacare, U.S.-government entities spent more per capita on health care than all but three other countries in the world. Obamacare adds to that spending by around 10 to 15 percent. Not good, to be sure, but not the whole kit and caboodle either.
The changes from Obamacare, good and bad, are marginal. It will not fundamentally change America….
But if you already believe something crazy — that Obamacare will destroy America — then it’s not additionally crazy to favor drastic, dangerous action to stop it.
Sarah Jones at Politicus USA: From Hostage Takers to Buffoons, House Republican Ineptitude Heads for Default.
Even a short term debt ceiling agreement is up in the air now. Not the actual debt ceiling limit, but a short term agreement. We can’t even do that now, if Robert Costa’s readings are accurate.
Costa tweeted, “One of my best House R sources thinks Boehner may, just may, be able to get votes for short-term DL ext, but even that is up in air” [….]
If you’re wondering how Republicans can be so out of it when the polls keep instructing them otherwise (as if the ONLY issue here is their own political survival, forget the people or this country), perhaps this level of utter cluelessness will be informative. When asked if the Republicans have their next move mapped out and if Boehner has any legislation drawn up regarding the debt ceiling, “Negatory,” Representative Pete Sessions replies. You see, it’s all about “messaging”. “We’re going to keep with our great, positive attitude and tell the president, ‘you’ve got to sit down and negotiate.’”
So, their great positive attitude involves tanking the economy and shutting down the government because they lost an election. Huh. Also: Only in Republican world is holding a gun to the country’s head before being willing to “talk” an act of good faith.
Republicans don’t understand this president very well at all, but then, we tend to project our own values onto others so this is understandable. They never should have threatened the country. They could have threatened anything but the American people and the democratic process, and this President wouldn’t have felt compelled to take a stand.
It’s really getting to be a cliche to point out that reports of Republican behavior are for real and not from The Onion. But seriously, it’s hard to believe The Onion can keep finding ways to exaggerate these people’s insanity. Apparently there was “outrage” after this 2011 Onion story; but does it actually seem crazy two years later to claim that what the Republicans are trying to do is going to hurt–even kill–some children?
A few more comments on the hostage situation from various pundits:
Washington Post Editorial Board: The House GOP has nothing to show for its government shutdown.
WHAT HAVE House Republicans managed to accomplish in a week of government shutdown?
Damage the livelihood of millions of Americans? Check. Government secretaries, food-truck operators, cleaners who work in motels near national parks: They’re all hurting.
Waste billions of taxpayer dollars? Check. It costs a lot to shut agencies, Web sites and parks, and it will cost a lot to reopen them. Meanwhile, the House has voted to pay the salaries, eventually, of hundreds of thousands of employees whom it has ordered not to work. That’s an odd way to manage an enterprise.
Interfere with key government operations? Check. The National Transportation Safety Boardcan’t investigate an accident last weekend on Metro’s Red Line that claimed the life of a worker. That could make future accidents more likely. On the other side of the world, U.S. allies from Tokyo to Singapore are wondering whether they can rely on a nation whose president has to go AWOL from a key summit meeting in their region.
Rattle the markets, slow an economy in recovery, interrupt potentially lifesaving research at the National Institutes of Health? Check, check and check.
Derail the hated Obamacare? Ch . . . — oh, no, wait a minute.
Because it’s not really about “Obamacare.” It’s about making government itself completely dysfunctional. I keep thinking about Dakinikat’s post yesterday and the pieces she quoted by Jonathan Chait and The Economist. Have we really reached the point where the gridlock in DC is so bad that our form of government is in danger of collapse? And what can we do about it? In order to change our system of divided government, we would need to call a Constitutional Convention. Even if we could get to that point in this atmosphere, the final result could be a lot worse than what we have now. I really believe the only way to save our form of government is to somehow throw all the Tea Party Republicans out of it. Is that possible?
Alex Altman at Time: Boehner Holds Weaker Cards In High-Stakes Political Poker
President Barack Obama says he will not pay House Republicans a ransom in exchange for re-opening the government or raising the debt ceiling. House Speaker John Boehner insists he doesn’t have the votes to do either without any White House concessions.
Both men are bluffing. And while Obama’s play is a risky one, Boehner’s bluff is worse: it just doesn’t look very credible.
In a Sunday interview with ABC News, Boehner said the U.S. faced the specter of its first ever federal default if Obama didn’t cave to GOP demands. “There are not the votes in the House,” Boehner declared, to pass a so-called “clean” bill to reopen the government. “The votes are not in the House to pass a clean debt limit,” he added. “And the president is risking default by not having a conversation with us.”
These kinds of threats have worked for Boehner before,
But this is now a less credible threat. A few days before Boehner went on TV to talk tough about the threat of default, he was reportedly confiding to fellow Republicans that he would never allow it. Failure to hike the debt limit would unleash a chain of economic calamities, if not the first ever federal default. Boehner doesn’t want that to be his political epitaph.
To be sure, there are plenty of House Republicans who are willing, if not eager, to hold the line. But if the votes aren’t there for clean bills, that’s only because Boehner hasn’t allowed them to come forward. As Speaker, he and his leadership team control the floor. A clean bill to reopen the government, and a companion measure to lift the debt limit, would draw unanimous or near-unanimous support from the chamber’s 200 Democrats; all but five are on record supporting such a vote. Nearly two-dozen Republicans are also publicly on board. Some say the number is far higher. If Boehner let a clean funding bill hit the House floor, “it would probably get 300 votes,” New York Representative Peter King, a Republican who has been critical of the party’s shutdown strategy, told TIME last week.
Jamelle Bouie at The Daily Beast: Five Boehner Quotes—From One Interview—That Explain Everything.
To watch John Boehner speak Sunday—in a segment with ABC’s George Stephanopoulos—was to watch him issue talking points from another dimension, where legislative hostage-taking is routine and the American public is eager to threaten the full faith and credit of the United States. The interview was rife with dishonesty, but there were five statements—in particular—that stood out for their recklessness and/or brazen disregard for the truth.
I won’t excerpt any more from this one. You need to go read the whole thing–it’s not long.
In my opinion, it’s an open question whether the insanity of the Tea Party can be beaten. Certainly, our democratic Republic cannot survive much more of this. The best solution would be for the Democrats to really hold their ground this time and for President Obama to invoke the 14th Amendment and abolish the debt ceiling unilaterally. But do the Democrats and Obama have the guts to do it? We’ll just have to wait and see.
Now it’s your turn. What stories are grabbing your attention today? Please post your links on any topic in the comment thread.
Wow, these ultra-right-wingers are like zombies. They never stop, they never die. They just keep popping up again and again where you least expect them.
Remember David Addington? He was the secretive, publicity-shy legal counsel to Vice President Dick Cheney from 2001-2005. Later, after Scooter Libby was forced to step down because of his involvement in the Valerie Plame outing, Addington replaced him as Cheney’s Chief of Staff from 2005-2009.
Addington was heavily involved in designing the Bush administration’s torture and NSA wiretapping policies. In addition, his was the legal mind behind Bush’s hundreds of signing statements and generally was a powerful force in the Bush administration’s efforts to expand executive power.
You’d think someone who had been involved in such execrable behavior would have the good grace to slink away and never be heard from again, but that’s not how it works with these psychopathic types. Today, according to The National Journal,
Addington has taken on a new role as enforcer of tea party dogma during the intensifying partisan bickering over the debt ceiling. From his perch as the Heritage Foundation’s vice president for domestic and economic policy, Addington is throwing verbal thunderbolts at House Speaker John Boehner’s current debt-ceiling proposal, which he argues will pave the way to tax increases.
The merits of Addington’s arguments about the need to oppose Boehner’s proposals are in some ways less interesting than the simple fact that Addington is the one publicly making them. Addington kept a low profile during the Bush years, granting no interviews and largely shunning lawmakers from either party. But he wielded enormous power behind the scenes, helping Cheney craft the Bush administration’s warrantless eavesdropping program and most of its detention initiatives.
Critics of those policies say they’re horrified by Addington’s reemergence onto the public stage.
“To see this person who led the country into legal and moral disaster resurface as a respected commentator is somewhat galling,” said Ben Wizner, the litigation director of the American Civil Liberties Union’s National Security Project. “Addington was as responsible as anyone else for the U.S. becoming a torturing nation. He has done damage to the U.S. that will take decades to reverse.”
Indeed. Especially because we’ll have to wait until President Obama leaves office before much reversing takes place–if it ever does. But I digress. Addington’s new role is to help keep the Tea Party Caucus in line while undercutting House Speaker Boehner. How very very interesting. At the New Republic, Jonathan Chait called it “Hot Republican-On-Republican Action.”
The internecine fighting among conservatives over the Boehner plan has much of the same ideological and stylistic feel of a late 1960’s feud pitting left-wing factions that favor immediate violence against those seeking more time to radicalize the masses. The less-extreme faction clearly has the better of the argument, yet the overwhelming impression is the sheer fanaticism of the whole political subculture.
Is it possible this GOP infighting could be helpful to our side? Addington’s greatest concern about the Boehner plan is that it includes the “committee” that we have been calling “Catfood Commission II.” Addington fears that because this group will have the power to write legislation that cannot be amended and must be voted on up or down, they might end up proposing new taxes. Now I never thought of that possibility! Here’s Addington blogging at the Heritage Foundation website on Monday:
The second step in the [Boehner] plan is a set of recommendations from a new dozen-member joint select committee of Congress. The committee’s recommendations to Congress would not be subject to amendments and would get a straight up-or-down vote. The plan directs the committee to propose reductions in the deficit by at least $1.8 trillion over 10 years. The government runs a deficit when it spends more than it takes in from Americans as taxes, and the government has run deficits in most years for decades. As always, there are two ways to reduce a bloated government’s deficit — the right way of cutting spending and the wrong way of hiking taxes. While the second step of the Boehner plan may produce some useful spending cuts, the second step also allows the Committee to propose raising taxes as part of its unamendable, fast-track legislative package. Thus, the second step greases the way for tax hikes.
As you can imagine, taxes are anathema to Addington.
Tax hikes in a weak economy slow economic growth and kill jobs. As students of American history (or the movie “Ferris Bueller’s Day Off”) know, enactment of the tax hike known as the Smoot-Hawley Tariff Act during the Great Depression hurt the already weak economy and made unemployment worse. Job-killing tax hikes in the current weak economy, as millions of Americans go without jobs and the unemployment hovers above 9 percent, will have a similar effect. However good the intentions of the drafters of the Boehner plan may have been, the plan sets up America for higher taxes and fewer jobs. Conservatives should continue to fight plans that either hike taxes now or set America up for tax hikes in the future.
Now wait a minute. I know Dakinikat will have plenty to say about that last paragraph–if she can get away from all the student exams and papers she’s grading. But I’ll take a crack at it even though I am not an economist.
Tarriffs are not equivalent to income taxes. The Smoot-Hawley Tarriff Act was raised tarriffs so high that our trading partners retaliated with their own tarriffs, leading to dramatic decreases in U.S. imports and exports. Now that is a job-killing tax. That is not the same thing as restoring the tax rates on the rich to Clinton administration levels and perhaps making the children of the super-rich pay a little more in estate taxes. As Dakinikat is fond of saying, if cutting taxes led to job creation, we wouldn’t be in the mess we’re in now. The Bush tax cuts would have taken care of everything.
Addington summed up his insane economic theories in another post, written in response to President Obama’s speech on Monday night.
Americans sent a message in the election of 2010 — cut the size and cost of government. Conservatives must act now to drive down spending on the way to a balanced budget, while protecting America, and without raising taxes. Forget the McConnell, McConnell-Reid, Coburn, Gang-of-Six, Boehner, and Reid plans. Go with the American plan — cut government spending, deeply and right now, for the good of the country.
Man, he’s looney-tunes!
Anyway, I think it’s just fascinating that Addington is leading the charge against the Boehner plan and pushing for an even crazier one. Addington has a history of accomplishing a great deal. What he accomplished was evil, of course, but he showed himself to be highly competent and efficient, unlike President Pushover. This battle could be really entertaining. I’m hoping for a major Republican meltdown.