Who has egg on their face if there is a sovereign debt crisis, House Republicans or the president?
A “Senior GOP Lawmaker,” making explicit the GOP’s intention to shitcan the sovereign debt of the United States in the hopes of short-term political gain. Make no mistake, they plan to default. They think it’s a good idea. It’s the only way they can imagine winning the White House in 2012; they’re sure as hell not going to get there on the back of their brilliant “end Medicare, give proceeds to the rich” gambit. Default is the plan, was the plan, will always be the plan.
And, no, they haven’t considered whether it will be worth winning executive leadership of a country utterly crippled by a combination of existing debts and the inability to borrow on the global markets (such as they will even exist after default) for eternal wars and deep tax cuts for the wealthiest. They’re not big thinkers in the GOP. In fact, they are actively and openly against thinking about anything. So that’s just the sort of governance we’re going to get from President Bachman, elected in a landslide post default and post economic apocalypse.
And, no, they haven’t considered whether it will be worth winning executive leadership of a country utterly crippled by a combination of existing debts and the inability to borrow on the global markets (such as they will even exist after default) for eternal wars and deep tax cuts for the wealthiest. They’re not big thinkers in the GOP. In fact, they are actively and openly against thinking about anything. So that’s just the sort of governance we’re going to get from President Bachman, elected in a landslide post default and post economic apocalypse.
Lemkin 