Remember when “facts” were actually based on—facts? Some days I wake up, get online, read what some of these Republicans say and feel that I must still be asleep. There’s no way some of these people can be this ignorant, can they?
We’re apparently at a point in our society, specifically as it relates to Republicans, where reality and facts no longer matter.
Our debt ceiling is probably one of the most basic things to understand in our government. The “why” we have it might be a little complicated, but what it does isn’t.
Yet, many Republicans seem unable to grasp this concept. Sure, I get why regular conservative voters might be confused. If all someone watches is Fox News or other right-wing
propaganda news sources, then sure, they’re not going to hear the truth about the debt ceiling.
But when a Republican Senator sits there on national television and claims the debt ceiling doesn’t exist (and don’t forget House Republican Ted Yoho who ridiculously said not raising it would bring “stability” to the world markets) then that’s either willful ignorance, or dangerous deception to play to a conservative base by telling them what they want to hear instead of laying out the facts.
The debt ceiling isn’t a partisan issue, it’s real. Someone might want to tell Oklahoma Senator Tom Coburn this little fact because he seems confused.
Recently, he went on record as saying:
“There’s no such thing as a debt ceiling in this country because it’s never been not increased, and that’s why we’re $17 trillion in debt. And I would dispel the rumor that’s going around that you hear on every newscast that if we don’t raise the debt ceiling, we’ll default on our debt, we won’t. We’ll continue to pay our interest, we’ll continue to redeem bonds, and we’ll issue new bonds to replace those.”
And that’s how you prove you’re an idiot.
The debt ceiling isn’t a partisan issue — at least it shouldn’t be. Almost every reputable economist from both sides of the political spectrum have said that not raising the debt ceiling could spell economic catastrophe for not just our economy, but the global economy.
This isn’t up for debate. If we don’t raise the debt ceiling, defaulting on our debt for the first time in history, nothing good will come from it.
And once again, all raising the debt ceiling does is allow the government to pay its bills. It’s not about new spending — at all. It’s about letting the government pay bills on money we’ve already spent. That’s it.
Raising the debt ceiling doesn’t add to our deficits or our national debt. However, not raising the debt ceiling could very well add to our debt. If we crash the economy, put more people on government programs (or trigger higher interest rates) our national debt will most likely increase.
It’s just baffling that any member of Congress could sit there and say to the American people, “There’s no such thing as a debt ceiling,” and justify it by saying that since we have $17 trillion in debt, we don’t have a limit.
Our ability to accumulate debt has nothing to do with the debt ceiling because, once again, our debt ceiling has nothing to do with new spending!
I’m so sick of having to repeat this. It’s one thing to have ideological differences about the role of government in our lives, abortion or gun rights because topics such as those can be subjective.
But on something like our debt ceiling, there is no debate. Anyone who thinks there is, is a damn fool.
And anyone who says there’s no such thing as a debt ceiling, as Senator Coburn stated, really has no business being a part of our government.