Fiscally Responsible Republicans? Pffffffft.

mcconnell1If the Sasquatch, Santa Claus, The Tooth Fairy, and a Fiscally Responsible Congressional Republican all walked into a bar, who would order the first drink?

Trick question. None of those people exist.

The myth of the Fiscally Responsible Republican has been debunked so many times now it’s not worth much more than a laugh when the austerity-pushing morons get up to their old tricks. All one has to do is cast their gaze back to the Bush II administration to see just how fiscally responsible Republicans truly are. A decade of wars on two credit cards, combined with a staggering lack of understanding what would happen if we didn’t raise taxes to help pay for those wars is pretty much all the proof you need. But if you were looking for the real proof of just how bone-headed and stupid these jackasses are, you can look no further than the bullshit games they play with our country’s debt ceiling.

For some reason, the Republicans in Congress still haven’t latched onto the notion that the Debt Ceiling has absolutely, positively, nothing to do with new or future spending. We all get it, Republicans. You guys hate spending and you want to do everything you can to stop all future spending no matter how helpful it is to the world or its economy. The problem is that when you try to hold the debt ceiling hostage, the only thing you’re doing is showing everybody that half of America’s politicians are totally cool with the world thinking we’re deadbeat dads. What the debt ceiling does is simply allow the government to keep paying debts it has already incurred. 

The other sticky wicket the Republicans constantly find themselves in is the fact that the Constitution itself says our country’s national debt is to always be considered valid, and to always be paid. For a group of people who claim to hold the patent on Constitutional scholarship, they sure don’t know about the finer details like, you know, not defaulting on our damn debts. In fact, the very definition of not paying your debts is to be fiscally irresponsible. Yet that’s been the one tool they’ve tried to wield the most when negotiating with the Obama White House and Senate Democrats over the budget. How anyone who considers themselves a party that first and foremost doesn’t dick around with money, can then turn around and threaten to stop paying our debts, is beyond my reason to understand.

To add insult to injury, they haven’t learned the lesson yet. They haven’t grasped the concept that when we tell the world that we’re willing to stop paying our debts over stupid political theatrics, it tells the world we don’t give a fuck about their economies either — considering that the world economy literally hinges on the United States continuing to pay its bills. Our debt buoys the entire world’s economy. Republicans aren’t just trying to starve our government, they want to do it to every single economy that depends on us not being lazy bastards and actually paying our debts.

So like toddlers with sledgehammers, Congressional Republicans are trying once again to hold the debt ceiling hostage. This time, they think if they can play some games and allow certain debts to get paid no matter what — Social Security recipients and bondholders would still get paid — that they can then just tell the President and the world, “We’re not going to pay our debts anymore, but at least these people will still get their checks.” Maybe this is a good solution for the elderly and those who hold bonds, but the overall impact on the world economy would be the exact same. The world’s financial leaders won’t give a good goddamn that we’re at least not breaking our solemn promise to those who have already worked and put into our economy for decades. They’ll just see that once again, the GOP is willing to tank everyone’s economy over an outdated and frankly sociopathic economic ideology that basically says, “Every man for himself and fuck everyone else.”

There is no doubt that we have a long-term debt problem that needs to be taken care of. There is also no doubt that it is indeed a long-term problem and that sound financial policies now will make dealing with that problem much easier, and capable of being resolved much sooner to boot. As we’re seeing right now from European countries who bought into the austerity trap that Republicans here are making the case for — you cannot cut your way back to economic health. Regardless of that, it’ll never not be a bad idea to stop paying our debts. Ever. That’s sort of the whole underlying point at the end of all this. It doesn’t matter what cute games you play with it, the debt ceiling is in place for a reason. You’re not allowed to call yourself responsible while acting completely irresponsible; a simple notion.

Hence Congressional Republicans not getting it.

 

James Schlarmann

James is in his thirties and gets really passionately angry about politics. Sometimes that anger foments into diatribes, and sometimes those diatribes are comical. Other times, they are not. James is the founding contributor and editor-in-chief of The Political Garbage Chute, a left-leaning satire and commentary site, which can be found on Facebook as well.

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  • Democrats are no better when it comes to the economy.

    • imapayne

      2 words: Bill Clinton

    • Mr. Smith

      If you look at the economic history of the united states you will clearly see that for the last 75 years democrats have a solid understanding of stable economics and republicans are completely incompetent in regard to economics. You Charles have made zero effort in attempting to understanding long term economics… And as imapayne stated “2 words Bill Clinton”. You know the guy that balanced the budged resulting in a surplus… I am also sure that you forgot the first thing GW Bush said when he took office. “Its your money you should have it back” starting the ball rolling on the economic crash of 2008. Bush has tanked the bank roll of everything he ever touched, whether it be the oil companies he ran (how can an oil company not make money? Bush figured out how.) Down to the economy of the state of Texas when he was Governor. Ignorance is NOT a virtue… In the immortal words of Van Wylder “write that down”

      • You should really stop blaming bush for obamas inability to do anything. I can probably find just as many democrat that screwed up the economy. But in all your faux brilliance you missed my point. That point was we need to stop using the Keynesian model and try Austrian or some other model. just remember its a democrat house senate and president that haven’t passed a budget in almost 4 years.

      • The only thing the democrats have given society are bloated government bureaucracies that waste wealth instead of creating it, and last time I checked the current democratic administration wants to raise the debt ceiling and blow up the deficit more than they have already to the tune of 6 trillion dollars an amount that totals more debt than all other presidents combined. And his new “budget” will blow up the debt to 25 trillion dollars. So call me names all you wish that’s your MO when someone doesn’t share your view point. Hopefully the mods will let this post fly they wouldn’t let my last one post not sure why it didn’t have any profanity or vulgarity in it.

  • Tony

    I like this site and generally agree with a lot of the topics on here — but I wish you all would make a far larger effort to link to sources for all of this stuff. I’ve read about it in the past and know what’s legit, but we can’t assume that’s true of everyone. I think it’d make the articles here a lot stronger. There’s so many charts and stats that back this one up in particular, but none of it is cited.

    Will they stop inane comments like the one by Charles below that also cite nothing? Maybe not, but at least then all anyone would have to do is point to a solid link in the article and laugh.

    • Mr. Smith

      Google bikini graph and go to the link at the political carnival dot net to see just how well Mr. Obama is handling the economy.
      Charles should do the same then come back with a rebuttal on how democrats can manage the economy.

  • The day the Democrats took over was not January 22nd 2009, it was January 3rd 2007, the day the Democrats took over the House of Representatives and the Senate, the start of the 110th Congress. The Democratic Party gained a majority in both chambers for the first time since the end of the 103rd Congress in 1995.

    For those who are listening to the liberals propagating the fallacy that everything is “Bush’s Fault,” think about this:
    January 3rd, 2007, the day the Democrats took over the Senate and the Congress:
    The DOW Jones closed at 12,621.77
    The GDP for the previous quarter was 3.5%
    The Unemployment rate was 4.6%
    George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
    Remember that day…
    January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
    The economic meltdown that happened 15 months later was in what part of the economy?
    BANKING AND FINANCIAL SERVICES!
    THANK YOU DEMOCRATS (especially Barney) for taking us from 13,000 DOW, 3.5% GDP and 4.6% Unemployment…to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!

    (BTW: Bush asked Congress 17 times to stop Fannie & Freddie -starting in 2001 because it was financially risky for the US economy).Barney blocked it and called it a “Chicken Little Philosophy” (and the sky did fall!)

    And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA

    And who fought against reform of Fannie and Freddie?
    OBAMA and the Democrat Congress, especially BARNEY!!!!

    So when someone tries to blame Bush…
    REMEMBER JANUARY 3rd, 2007….THE DAY THE DEMOCRATS TOOK OVER!”

    Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel they were driving the economy into the ditch.

    Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party.

    Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.

    In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

    For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budget.

    Andwhere was Barack Obama during this time?He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009. Let’s remember what the deficits looked like during that period:

    If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.

    If Obama inherited anything, he inherited it from himself.

    In a nutshell, what Obama is saying is, “I inherited a deficit that I voted for, And then I voted to expand that deficit four-fold since January 20th, 2009.”

    • This is someone else’s research but I fact checked the main info and it seems correct.

      • Dontae

        I agree, that it true data but vitally flawed. You state that the financial crisis began when democrats took over in January 3rd, 2007. Incorrect. The financial crisis for the United States began in September 8th, 2008. Thus, Obama inherits the crisis. Fannie Mae and Freddie Mac were vital housing developments and if we were to let that collapse, many homes would be foreclosed. Would you rather let many families be displaced because you discouraged spending on Fannie Mae and Freddie Mac? Think about that.

      • No the democrats took control of those things before the crisis happened please pay attention.

        BTW: Bush asked Congress 17 times to stop Fannie & Freddie -starting in 2001 because it was financially risky for the US economy).Barney blocked it and called it a “Chicken Little Philosophy” (and the sky did fall!)

        And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA

        And who fought against reform of Fannie and Freddie?
        OBAMA and the Democrat Congress, especially BARNEY!!!

        Would you rather let many families be displaced because you discouraged spending on Fannie Mae and Freddie Mac?
        I never said that directly nor did I imply it either. What was said was that it needed reformed.

  • It would be really progressive to end 100 years of crony monetary policy by ending the Fed, returning to some real standard, and returning money management back to the Treasury. 100 years of war, 100 years of the Federal Reserve. Let’s try 100 years without.