Among those Democrats is N.Y. Sen. Chuck Schumer, who said in a statement: "The last thing the country needs is a rerun of last summer's debacle that nearly brought down our economy."
That "debacle" was the parties' inability to agree on anything regarding the debt - other than to punt it to a supercommittee that also couldn't come up with an agreement. The result: a hit to the country's credit rating, plus looming Draconian cuts set to trigger in January.
Those cuts are prompting this early rush to capture a new debt narrative with the election approaching. For Republicans, led by Boehner, that means announcing that this time, there will be no raising the debt ceiling without "dramatic steps" to reduce spending.
Boehner again isn't publicly entertaining the possibility of revenue increases/taxes to go with those spending cuts - a curious strategy given that last summer, Americans were largely scornful of the GOP's stubborn resistance to a debt plan that included both. (Americans also weren't terribly pleased that President Obama eventually chose to tsk-tsk both sides of the debt debate, rather than take the political risk of leading them toward a consensus.)
But is Boehner's new posturing an attempt to slow the fragile but growing economy? (It's not the first time one party has accused the other of fiscal sabotage.) Boehner says no, but it certainly won't calm the anxiety businesses are already feeling about our shaky economic landscape. The Washington Post reported last week that firms, hospitals and contractors already are delaying hiring and readying for cuts if Congress can't resolve debt, cuts and tax issues by January.
At the least, Boehner's remarks and the Democratic response add to the overwrought, unproductive political theatre we see from both sides, on most every issue, in what's become a perpetual election season.
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