The Politics of the Debt Ceiling Are Too Tempting

With President Barack Obama’s job approval sliding, the stock market showing its nerves, the public increasingly pessimistic about a jobs rebound and signs of a slowing economy everywhere, the president looks to be increasingly in trouble. 

Trying to take advantage of what they see as an opportunity, Congressional Republicans seem eager to play a game of chicken with Obama and his party, calling for  Democrats to give into their demands on spending and entitlements in return for raising the debt ceiling.

The Republican position of no new taxes — even to lower the deficit — is clear, consistent and non-negotiable. There is no sign that anyone in the party’s Congressional leadership is laying the groundwork among the base for a deal that includes additional revenue, from taxes to fees or whatever you want to call it.

That means we will continue to head to the early August debt ceiling deadline with Republicans essentially arguing that “what’s mine is mine, and what’s yours is negotiable.”

By taking additional revenue off the negotiating table, Republicans have sought to pre-judge a key aspect of any talks. The question is no longer how to lower the deficit (which would leave additional revenue, the Democratic preference, part of the negotiation). It’s now only how much to cut spending and where to cut it.

Not surprisingly, both parties continue to try to make partisan points rather than look for a true compromise.

The statement by Senate Minority Leader Mitch McConnell (R-Ky.) and Minority Whip Jon Kyl (R-Ariz.) is a case in point.

“President Obama needs to decide between his goal of higher taxes or a bipartisan plan to address our deficit. He can’t have both. But we need to hear from him,” they said in a joint statement last week.

Of course, simply saying something is a choice doesn’t make it so. A bipartisan plan could include additional revenue if cutting the deficit is the real goal. But it isn’t for Republicans. They have rolled three different goals — less government, less spending and a lower deficit — into one and are sticking with their non-negotiable premise.

There isn’t anything wrong with their wish list, but setting up the current negotiations over raising the debt ceiling as being about either higher taxes or deficit reduction is a transparently false choice and is little more than a phony public relations spin.

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One such letter came from House Energy and Commerce Committee Chairman Fred Upton (R-MI), Energy and Power Subcommittee Chairman Ed Whitfield (R-KY), and Senate Committee on Environment and Public Works Ranking Member James M. Inhofe (R-OK).



The Politics of the Debt Ceiling Are Too Tempting

That means we will continue to head to the early August debt ceiling deadline with Republicans essentially arguing that “what's mine is mine, and what's yours is negotiable.” By taking additional revenue off the negotiating table, Republicans have




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