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Wednesday, June 01, 2011

Establishment GOP stunt designed to scam its own constituency as tough on debt when it ultimately intends to raise debt ceiling yet again anyway

Symbolic Debt Ceiling Bill Voted Down

(The New American) -- by Michael Tennant --

As expected, the bill to raise the federal debt ceiling that House Republicans brought to a quick vote today failed overwhelmingly. The bill, which would have unconditionally increased the debt limit by $2.4 trillion — the precise amount requested by the Obama administration — garnered only 97 Yea votes, all from Democrats. A combined 318 Democrats and Republicans voted Nay, and seven Democrats voted Present.

There was political maneuvering all around. The bill was introduced by Rep. Dave Camp (R-Mich.), Chairman of the House Ways and Means Committee, who then took to the floor of the House to denounce his own legislation, saying his bill “will and must fail ... because it sends a clear and critical message that the Congress has finally recognized we must immediately begin to rein in America’s affection for deficit spending.”

The Obama administration has for some time been requesting a vote on a “clean” bill such as this, so the GOP gave it to them. However, Republicans also handed their adversaries the means of escape in the process. First, they announced loudly that the vote was to be purely symbolic and that the bill would be defeated, even going so far as to call “Wall Street to assure them this was nothing more than theater,” according to Politico. Second, they brought the bill to a vote under a suspension of rules, meaning it would come to a vote quickly and with limited debate — but it would also need a two-thirds vote in favor to pass, something that was most assuredly not going to happen with a GOP majority. Democrats were thus able to dismiss the vote as “a sham” (Connecticut Rep. John Larson), “demagogic” (Maryland Rep. Steny Hoyer), and “irresponsible grandstanding” (Maryland Rep. Donna Edwards) and to safely vote against it...

Republicans may have had another ulterior motive in bringing this legislation to a fast vote: providing cover for their own members of Congress when it comes time to vote on whatever debt limit deal the House leadership works out with the Obama administration...

And so the debt ceiling kabuki continues. Both parties are committed to plunging the country ever more deeply into debt. The only question is how much they will claim spending is being cut when the inevitable deal is announced. House Speaker John Boehner (R-Ohio) is demanding cuts in excess of the debt limit increase, but he could easily spin, say, $3 trillion of supposed cuts over a 10- or 20-year period as a victory. Democrats could plausibly tell their base that they won the battle because most of those cuts have to be implemented by future Congresses and will, therefore, never see the light of day. Then, while both parties claim victory, taxpayers will go down to defeat once again...MORE...LINK

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