The reason we need to raise the national debt limit is to be able to borrow to pay existing obligations. Treasury Secretary Jack Lew’s threats that he can’t won’t pay our veterans, soldiers, and retireds is nothing but politically motivated, dishonest foolishness. He can pay these; the tax revenues are plenty for that. What he won’t be able to pay are the payables to Federal contractors and a number of other bills. Those are legitimately owed, though, and they need to be paid.
There’s also plenty of money coming in to pay the interest on our national debt—so there’ll be no default, either. That’s just nonsense.
What’s unacceptable, though, is the Democrats’ refusal to go along with a debt-raise bill that includes spending cuts that will obviate the need to raise the debt ceiling next year and in the out years. President Barack Obama has even said he’ll veto a debt-raise bill that includes such preventive measures. He’s said it’s nonnegotiable.
That’s unconscionable. The Democrats’ addiction to spending—and it is an addiction—has got to be broken. If the only way to cut spending so we don’t need to increase our borrowings next year is to close the Federal government, so be it.
But the Republicans, including the right side, and their “communications” directors had better be able to sell the shutdown to the nation’s public. Democratic Whip Steny Hoyer (D, MD) said it:
[T]hey ought to all be fired[.]
Unfortunately, he wasn’t looking in a mirror when he said it.
Turn the rascals out in a year and a month.