Well, now that the GOP House has screwed the pooch and passed the Boehner debt ceiling increase bill, it’s worth reading Andy McCarthy’s Against the Boehner Plan to see what we got.
To Thomas Sowell, the Boehner plan seems commendable because it would not only “spare the country a major economic disruption” but also “spare the Republicans from losing the 2012 elections by being blamed — rightly or wrongly — for the disruptions.”
Rightly or wrongly. In a nutshell, that tells us everything we need to know about the state of Obama’s opposition. Even our best minds assume that a principled stand taken for the right reasons is a loser. Standing in the midst of what is already a catastrophe, even our best minds are content to pretend that the “disruption” is something from which we can be spared.
Ask any rational person: “When a government is so addicted to reckless spending that it has run up a crushing $14.3 trillion debt that it has no plan to pay back — when it is borrowing $180 million per hour because it has taken on more obligations than it could ever hope to satisfy — would it be better to extend that government’s credit line another $2.5 trillion so it can continue heedlessly along, or to take every available opportunity to force it to alter course dramatically?” There is only one right answer to that question.
And that’s just the beginning. Read it all: the country is in economic trouble, and McCarthy explains the predicament without the political spin from either side.