As long as the mob was aimed at Democrats, all was ok. But in the 2010 primaries, Tea Party candidates began knocking off established Republican politicians.
And now Senate Republican leader McConnell and Republican House Chair Boehner can't call off their attack dogs.
The no-compromise wing of the Republican party is now demanding the debt be cut by cutting-programs-and-no-new-taxes even if their stance causes the United States to default. Facts, particularly about complex topics, can't compete with ideology and strong emotions.
Mentioning that "the last five Democratic Presidents (Clinton, Carter, LBJ, JFK, and Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (GW Bush, GHW Bush, Reagan, and Ford) all oversaw an increase in the country’s indebtedness" is brushed aside. Even if you add that "David Stockman, director of the Office of Management and Budget under President Ronald Reagan, as op-ed contributor to the New York Times, blamed the "ideological tax-cutters" of the Reagan administration for the increase of national debt during the 1980s."
But McConnell and Boehner understand that defaulting will have huge negative impacts on the world economy as well as the US economy.
McConnell says, after blaming everything on the Democrats' desire for bigger government for 2,300 words,
“So Republicans will choose a path that actually reflects the will of the people — which is to do the responsible thing and ensure the government doesn’t default on its obligations. [emphasis added]Boehner says,
I agree with the president that the national debt limit must be raised, and I’m glad that he made the case for it today. But the American people will not accept – and the House cannot pass – a bill that raises taxes on job creators."[emphasis added.][I would point out his use of 'job creators' to describe the businesses that are flush with cash, but not spending it on creating jobs. And earlier in this press release he says the trade off is
"the administration gets its debt limit increase, and the American people get their spending cuts and their reforms."As though only the President needed the debt limit increase - which Boehner says must happen - not all of us, and in exchange the Republicans get their cuts.]
To prevent default, Sen. McConnell has proposed a twisted piece of legislation that would move the power to increase the debt ceiling from Congress to the President. As Fred Barnes describes it at Fox News:
To counter Obama, Senate Republican leader Mitch McConnell unveiled legislation requiring the president to submit a series of three requests - now, in the fall, and next summer - to increase the debt ceiling.
Each request would have to include spending cuts in excess of the amount of the increase in the limit on borrowing. If Congress rejected the cuts as insufficient by passing a "resolution of disapproval," the president could send a new package of cuts or veto the resolution. Should his veto be sustained - at least 34 senators would be needed - the debt limit would rise with no cuts attached.
The idea behind the complicated plan is twofold. One, it would avert a tax increase. Two, it would, as a Senate aide said, "put all the onus [of raising the debt limit] on the president." Assuming a bipartisan agreement is impossible - and the Republicans assume it is - "this is the only plan that would prevent a default."