Republican Economic Agenda: Take The Country Hostage Over The Debt Ceiling And Blow Up The Global Economy

“After refusing for months to divulge what they’d do if they regained control of Congress, Republicans have finally revealed some of their economic agenda.” Catherine Rampell writes, Republicans’ secret economic agenda? A global financial crisis. Unfortunately, it might involve causing a global financial crisis, based on recent interviews with some GOP congressmen. Poll after poll … Read more

The budget deal does not avert a government shutdown this fall

Last week, the House passed a two-year budget deal to lift spending, suspend debt ceiling: A large majority of Democrats voted for the legislation, while a majority of Republicans opposed it despite appeals from President Trump to support the bill. The 284-149 vote was one of the last acts by the House before lawmakers leave … Read more

(Update) More government shutdown theatrics this week?

These people are just not serious about governing responsibly. For them, everything is about producing propaganda grist for the mighty Wurlitzer of the right-wing noise machine.

Back in 2011 when the Tea-Publicans were holding the government hostage over a manufactured federal debt ceiling “fiscal cliff crisis” — something the full faith and credit clause of the Constitution requires Congress to increase to prevent the U.S. from defaulting on its debts — the sequestration spending caps idea was born to resolve this manufactured “crisis.”

Spending cuts would apply to mandatory and discretionary spending in the years 2013 to 2021 and be in an amount equal to the difference between $1.2 trillion and the amount of deficit reduction enacted from the Joint Select Committee on Deficit Reduction. These spending caps would equally affect security and non-security programs. The automatic sequester provisions would go into effect in 2013 if Congress failed to produce a deficit reduction bill with at least $1.2 trillion in cuts.

At the time, everyone said Congress would never agree to the automatic sequestration caps, and yet, it became law, the Budget Control Act of 2011. Congress, of course, failed to do its job and we have been living under the automatic sequestration spending caps since 2013.

There have been repeated attempts to remove the sequestration spending caps on defense spending (while leaving the sequestration spending caps in place on domestic spending). Congress has agreed to several waivers of the spending caps over the years.

This long-running Kabuki theater is now central to the budget dispute in Congress to avoid a government shutdown at midnight on February 8.

The GOP’s alleged boy genius and Ayn Rand fanboy, Paul Ryan, the “zombie-eyed granny starver from the state of Wisconsin,” is siding with defense hawks and the radicals of the House GOP Freedom Caucus to bust the sequestration spending caps on defense spending while leaving the sequestration spending caps in place on domestic spending — a move Democrats oppose.

The point of this evil GOP bastard plan is to either roll weak-kneed Senate Democrats or to force them to vote against the House GOP spending plan and to shut down the government, so Tea-Publicans can beat their breasts and claim Democrats do not support our military and national defense. Or as President Trump trotted out yesterday, to assert they are “un-American” and to accuse them of “treason.”

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