The only honorable way to oppose a higher debt ceiling is to propose a 2012 balanced budget or lesser spending cuts that prevent the need for incurring debt that would exceed the current debt ceiling.
To advance anything less is to engage in a cynical game of chicken that betrays the trust conferred by the serious tea partiers that made the current GOP House majority.
Gamecock generally opposes games of "chicken"
For the record, this rooster opposed ever directly using the issue of the debt ceiling vote to achieve the massive spending cuts, envisioned by the recent wave election, needed to avert another financial crisis. We favored a selective shutdown of the federal government in the likely event that President Barack Obama and Senate Majority Leader Harry Reid (D-NV) would reject the will We the People concerning the 2011 non-budget.
We were confident that a contest between the rejected policies of ObamaDems and the desires of the voters. Our confidence was only raised when the Commander-in-Chief made a pre-emptive strike against the armed forces by promising not to pay them as "essential" workers in case of a shutdown and instead promised to violate the 13th Amendment's prohibition against involuntary servitude by making them work without pay so that Planned non-Parent(abortion)hood can continue to use federal funds.
Sadly, Speaker John Boehner, half the newly elected tea partiers and enough Democrats saw to it that we would have to settle for millions in cuts, instead of billions (albeit a puny amount); but not to worry our heroes assured us, as they will be fighting for trillions over the 2012 Ryan budget.
Even Ryan's budget wouldn't prevent Debt Ceiling breach
I think it was poor strategy to let so much time go by between the momentum of the greatest conservative electoral victory in over 60 years and a confrontation with discredited liberals. But it appears that before we can confront the liberal Democrats, we still have to defeat the majority of elected Republicans, given that only 59 in the GOP opposed the 2011 Continuing Resolution sell-out.
Meanwhile, my fears of an impending financial crisis that seeks signs of light at the end of a now nearly four-year-old tunnel, and that won't wait for 2013, seems ever more imminent after this week's Standard & Poor's warning letter was received at the residence of the Full Faith & Credit of the United States.
Which brings us to the debt ceiling negotiations:
"...where some Republicans are already peddling the idea of a balanced budget amendment or spending caps as the serious reform they must have to raise the debt limit. Those are as transparently political as last week's budget deal --paper promises that don't do anything right now to shrink government." - Hugh Hewitt
It appears that America is the only nation on Earth that requires legislative votes to raise debt ceilings, and I could make good arguments for this anomaly based on prudence and our prosperous history. But shouldn't the real prudence take place when the legislators are casting other votes that make the raising of the debt ceiling inevitable? And isn't it unnecessarily risky to turn an accounting matter that most bond holders take for granted into a political football? I think so.
1/2 of 1/3 = 100% budget veto power
But since our self-immolated, Speaker Boehner-defined, "one-half of one-third" of the federal government insists on using the debt ceiling as an "inflection point" to achieve results; and since this naively optimistic rabid right wing convert sincerely hopes for relief, not only from 50 years of liberal Democrat assaults on Atlases and those that would be employed by Atlases, but especially from the Great Recession that Democratic Party majorities elected in 2006 precipitated and continue to elongate, we humbly suggest that the remedy for a "painful" and "un-clean" debt ceiling vote be worthy of such a great tumult among our creditors.
But Mike, we need not go all Rand Paul (Republican senator from Kentucky, pictured above) and propose $500B in cuts this year. We can save votes like that for the pristine 2012 budget from Mount Paul Ryan. Then we looked at the Ryan budget and discover that even if we enacted the Ryan budget and had its provisions retroactively applied to 2011, we would still face a debt ceiling breach.
What is a conservative to do? Given the fact that we can only stop incurring debt in one of two ways, i.e. immediately balance the budget or print money that further destroys the currency; and since we can't achieve the former without cutting current registered voter beneficiaries of Medicare, I would settle for Hugh Hewitt's suggestion, since I truly don't want to give up on super-majorities of conservatives after Election Day 2012:
The Congressional GOP needs to identify its demand for a debt ceiling hike, and it shouldn't be a paper exercise like a balanced budget amendment or "triggers" that can always be set aside. It should demand one serious reform with immediate deficit reduction impact, like the block-granting of Medicaid.
Mr. Speaker, please listen, as you promised to do soon after the tea partiers made you Mr. Speaker: There is no risk-free way to either fix the budget, save the economy or even save your seat in Congress. We can win all the elections we want and even secure majorities (even super-majorities) and those mean old liberal "reporters" will still be able to echo Democrats and accuse you of starving orphans and widows.
Biggest risk is debt, not debt ceiling
In fact, the riskiest think you can do is to keep up the meaningless budget arcanities to try and fool us unwashed that millions are billions, while you plan on buying votes with appropriations. The economy will find you out. Besides, what will be the fun of having a majority in a reduced America that you had a chance to save?
One man with courage can make a majority
So far, only Obama and Reid have had the courage, because as we speak the wave election has accomplished nothing concrete that even the CBO can hang its hat on, much less Atlases that might actually create a job not staffed by a government bureaucrat.
Speaking of which, why not propose that all persons hired to promulgate ObamaCare and EPA carbon-emissions regulations be fired before the debt ceiling be raised? Oh, I know, its Ok for millions of us that pay the salaries of your colleagues to lose our jobs, but you can't risk being blamed in a TV ad for cutting an employee of HHS.
We can eternally and continuously plan for the next election. Then, then, we will really show them. Poppycock!
We need for our elected representatives to muster the courage to confront Big Government now, before its too late. Yes, bond holders are watching the debt ceiling debate, but their better eye is watching The Debt itself threaten the value of their investment, i.e. the ObamaDem produced, not-s0-almighty Dollar, whose Standard is now deemed Poor.
Legal Editor - The Minority Report
Atlanta Law & Politics columnist for Examiner.com
“One man with courage makes a majority.” – Andrew Jackson
More DeVine Gamecock rooster crowings at Modern Conservative, Hillbilly Politics, Unified Patriots, Political Daily and Conservative Outlooks. All Charlotte Observer and Atlanta Journal-Constitution op-eds archived at Townhall.com.