One columnist wrote that a debt ceiling crisis, amid instability in the banking sector, is 'astoundingly, colossally idiotic.' So why is a GOP chairman saying it's 'the best time' to double down? (via MaddowBlog)
"If it was a bad idea to threaten default on U.S. debt before, it would be astoundingly, colossally idiotic now," one observer said. If only the GOP cared.Senate Majority Leader Chuck Schumer appeared on the chamber floor yesterday morning and delivered fairly routine remarks that didn’t generate a lot of attention. The New York Democrat did, however, flag a GOP quote that I hadn’t heard.
This morning, the majority leader returned to the floor and reemphasized the same point. “Earlier this week, House GOP members, including the chairman of the House Budget Committee, said now is ‘the best time’ to double down on debt ceiling brinkmanship and hostage taking,” Schumer said,, “This is a stupendously bad idea. This is an idea that has no logic, has no linear thinking in it at all.”
It was this same report that quoted Republican Rep. Jodey Arrington of Texas, the chairman of the House Budget Committee, saying, “This is the best time to do it.” In other words, Republicans were already threatening to impose an economic catastrophe on Americans, on purpose, even before instability in the banking sector. Now, as it becomes painfully obvious that Congress should at least try to govern in a responsible way, key GOP officials, including the chairman of the House Budget Committee, are saying now is “the best time” for an easily avoidable debt-ceiling crisis.
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