Ah! The show has started again, as usual just two weeks before the deadline. In politics it’s common to delay important decisions to the very last moment, so there is barely time for discussion or alternatives (what are those people doing anyway?)
The rhetoric of “avoiding an unprecedented default”, “collapse of the economy” and I expect very soon “vulnerable to terrorism” has already started, and eventually the dept sealing will be increased, as per usual. Expect President Obama saying something along the lines of “If we don’t raise the debt ceiling now, we won’t be able to support our troops who are fighting to keep our glorious country free of terrorists. Once that happens, nothing will stop Al Qaeda from launching another attack on our soil. Is this really want you want?”
Edit:
Kudos to a redditor who pointed me to the following quote from Barack Obama, just a few years ago when the Republicans were in power1:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
[…]
Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined.
The Democrats and Republicans are exactly the same, they just switch roles once in a while, to trick people into believing they actually have a say in the course of their country.
In fact, I just read the most astonishing argument from a Republican of all people:
In an interview with radio talk-show host Laura Ingraham, McConnell warned fellow conservatives that failure to raise the debt limit would probably ensure Obama’s reelection in 2012.
Source: The Boston Globe
But after all, the Republicans want exactly the same thing as the Democrats. I recently learned one of the reasons why: no law can be passed without at least 60% of the people present being in favor. Now this may surprise you, as it did me. Isn’t a simple majority (50% + one vote) supposed to be enough?
Turns out that a simple majority is officially enough, however, every single person opposing can stall the process indefinitely, by just continuing talking. (A technique perfected by the ancient Romans, most notably Cato, who used to technique to obstruct Julius Caesar). The only way to stop a filibusterer is by bringing Cloture, a process requiring three-fifth of all Senators to vote in favor.
As a result, it is pointless to bring up anything not having at least 60% support, which basically means, it is pointless to bring up anything controversial, even if you hold a majority.
They should invent a new term for “American democracy”, ideally something including “filibustering” or maybe “farce”.
Posted from Beijing, Beijing, China.
Related posts:
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“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.
Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is “trillion” with a “T”. That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities.”
Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006[↩]
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Good post. Obama is a bum, filibusters are a way of life and the debt ceiling will be raised. The funny thing is that we defaulted back in the 70’s on our debt and may do so again. The problem is that big business owns us and no longer are we are free as in the past. The result is an angry populace who medicates themselves with high calorie foods, movies and big cars while complaining but doing little to nothing to resolve the issue. But what the hell, McDonalds fries are awesome!
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