Nobody Should “Have the Power” to Raise the Debt Ceiling
To try to deal with the incredibly idiotic debt ceiling issue the Obama administration has put forward the so called “McConnell Plan.” It is a complicated Rude Goldberg procedure that would effectively allow the President to raise the debt ceiling while also letting Congress make mostly meaningless votes against it.
Since the idea was originally floated by Republican Senate minority leader Mitch McConnell I can understand why politically the Obama team thinks it is smart to suggest it as a way to deal with the issue, but just once I would likely the purposed fix to a problem to be an simply real solution. From health care reform, to Senate rules, to the debt ceiling the initial plan to deal with an incredibly broken system is to replace it with an only slightly less idiotic system.
While this “McConnell Plan” would fix the current problem of House Republicans threatening to hold the economy hostage using the debt ceiling it potential creates a new problem, like a future President or a super majority in one chamber using it to hold the economy hostage.
I don’t want the President to gain the power to raise the debt limit. I also don’t want Congress to have the power to raise the debt limit, because absolutely no one should have this “power.” This power should not exist.
When Congress approves of a spending without enough revenue to pay for it, it should just be assumed Congress is also authorizing the necessary borrowing. That is how all the countries not run by truly insane systems operated. Congress should be able to create the logical fallacy of forcing the executive branch to spend money while also denying the executive branch access to the money it already legally mandated it to spend.
The only sane solution to the debt ceiling is its total elimination for all time. Just once though I would like the sane solution to at least be the opening bid instead of a reform that is only slightly less idiotic improvement on the status quo. When the obvious real solution is not even part of the discussion, you know we are in trouble.
With negotiations over the debt ceiling likely to heat up in the coming weeks it should be the duty of the media to constantly ask why something so profoundly stupid, unnecessary, and potentially destructive is even allowed to exist in the first place.