McConnell Offers Debt Ceiling Deal
July 13, 2011
It's a trap, but for which side?
From
Time:
Mitch McConnell proposes simply raising the debt ceiling. This is supposed to be some sort of brilliant political move. Obama will be blamed for the ever-increasing debt ceiling. The Republicans will be able to hammer him with it in 2012.
Utter nonsense, all of it. McConnell is being too clever by about 300%. The President should accept the offer and get on with his business. Why?
Because no one-and I mean no one-in actual America gives a fig about the debt ceiling. It's never been an issue in the past. It was raised routinely by President after President and passed by Congress after Congress, with some carping from deficit nuts and those hoping to score political points (yes, that means you, Mr. President). If McConnell thinks he can make this abstruse bit of fiscal manipulation into a Major National Issue, he's been in Washington too long.
In fact, let me just go all the way here: Most people don't care about the deficit, much less the debt ceiling. They care about jobs and the economy-which is the real advantage Republicans have in the coming campaign.
More at
Time.