Tuesday, October 01, 2013

A note on the debt ceiling debate and the government shutdown

Just so everyone is clear: The debt ceiling vote involves paying for spending that the congress already voted to authorize, not future spending. In other words, the same Republican-controlled House of Representatives that signed off on future spending last year is now refusing to pay for it when the bill comes due. A lot of people seem to think it means future spending, but it does not. In exchange for paying debts they have already incurred, the House Republicans are demanding that president jettison the Affordable Care Act, his signature piece of legislation, which was passed by both houses, signed into law, found constitutional by the Supreme Cort and reinforced by the 2012 election. He's not going to reverse his own greatest legislative victory, Tea Party, no matter how many Civil War reenactments you stage.

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