July 27, 2011
Debt Ceiling Chicken
OK, now I'm ready to join my blog brother in saying, "It is time to take what we can get, move on, and make the 2012 elections a serious referendum on the size of government." Much has changed in the week since jk suggested grabbing the Gang-of-Six plan and counting ourselves fortunate. The payoff from the overdue standoff versus the White House and its media minions is the chance to deliver a debt increase bill with actual spending cuts and no tax hikes, either in rates or deduction phase-outs, that the President will have no choice but to sign. Mister "can they say yes to anything" wouldn't say yes to $800 billion in new taxes but insisted on $1.2 trillion. Instead he'll get zero.
But now, despite the success enjoyed through standing firm, it is time to compromise and let our other objectives wait for the next battle. Jennifer Rubin puts it bluntly:
There are very few times when Republicans have a vote that so clearly defines who is a constructive force for conservative governance and who is not. There could be no better device for separating the two than the Boehner vote. If you'd rather burn down the building, you are in one camp. If you want to pocket gains and keep advancing your principles (and setting the agenda for 2012), you are in the other.
Why is it destructive to keep holding out for more?
The Republican hard-liners insist there is still a cut, cap and balance option out there. No. That was some conservatives preference. An aspiration is not a guide to governance. It's not getting through now or until there are a dozen or so fewer Democrats in the Senate. Right now we are nowhere close to 60 votes for cloture or the two-thirds of the Senate needed to approve a constitutional amendment.
Yup. Can't argue.
UPDATE: The title for this post was borrowed from the excellent Thomas Sowell column by the same name (and was in no way meant to imply that jk and I are barnyard fowl.)2012 Obama Administration Tea Party Posted by JohnGalt at July 27, 2011 3:49 PM