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Tuesday, May 22, 2012

"The Irresponsibility of Speaker John Boehner"

Stan Collender is very unhappy with John Boehner:

The Irresponsibility of Speaker John Boehner, by Stan Collender: ...Speaker John Boehner’s (R-Ohio) choreographed events last week in which he repeatedly said he would prevent the debt ceiling increase that will be needed at the end of 2012 or the start of 2013 from happening unless he got what he wanted — was so exceptionally irresponsible.

I’m using the word “irresponsible” very deliberately.

Boehner is more than just a Member of Congress. As Speaker, he is next in line to the presidency after the vice president and the most powerful person in the House. That magnifies the importance of everything he says. ... The Constitution gives Congress specific fiscal policy responsibilities — that makes what this or any Speaker says something that makes headlines and is taken very seriously.

Coming on the heels of last year’s downgrade, the very public way Boehner repeatedly issued his debt ceiling threat made it the equivalent of alerting S&P and the other rating agencies that little had changed since last summer. It also was an invitation to again downgrade U.S. debt. ... There’s no word for that other than irresponsible.

Boehner’s threat also was irresponsible because the immediate spending cuts he said were the only way he would allow a debt ceiling increase to be considered is the wrong fiscal policy for the current economic situation. At a time when businesses and consumers are still not spending and most state and local governments are continuing to cut back, the federal government is the only major gross domestic product component enhancing growth and creating jobs. Given the current slow recovery, the large spending cuts Boehner is demanding could push the economy back into recession. ...

One of the points I was trying to make here is that if you look at the constituency Boehner is trying to satisfy, a constituency that has changed over time as wealth and power have become more concentrated, his tactics become more transparent and understandable. That doesn't excuse the fact that Republicans have turned their backs on the unemployed, nor does it excuse holding the economy hostage in order to make ideological gains, but it does help to explain the behavior.

    Posted by on Tuesday, May 22, 2012 at 10:19 AM in Budget Deficit, Economics, Fiscal Policy, Politics, Unemployment | Permalink  Comments (37)


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