|I do not believe that the Republicans in Congress are thoroughly stupid men,|
but they surely can play stupid men on TV, in public, and everywhere else.
Good God, will Republicans in Congress just not stop saying stupid things this December? I hate it when this blog becomes just another outlet for pointing out stupid things that Republicans say or do, but I just can't abide by this level of nonsense.
Mitch McConnell, now famous for being the first Senator ever to filibuster his own bill, has once again earned this blog's attention by apparently forgetting that Congress sets the U.S. federal budget (and thereby also sets the U.S. federal deficit and debt).
Now, I know (or hope, anyway) that McConnell isn't actually this dumb and is just playing politics, but it makes me question the man's intelligence when he says thing like:
“By demanding the power to raise the debt limit whenever he wants by as much as he wants, [President Obama] showed what he’s really after is assuming unprecedented power to spend taxpayer dollars without any limit,” McConnell argued on the Senate floor.I'll let TPM explain the falseness and stupidity of this statement:
When the Republicans rail against "Obama's spending," they seem to be conveniently forgetting that Congress decides how much to spend, not the President. I can explain the federal budget with a simple equation:
Spending - Revenue/Taxes/Etc. = Deficit (if spending is greater) or Surplus (if revenue is greater)
Congress has sole control over all parts of this equation - it sets both spending and revenue, and therefore sets the deficit/surplus as well.
The debt ceiling is a stupid artifact created at the beginning of the 20th century so that Congress could pass budgets with deficits and then pontificate against the deficit spending by voting against the debt ceiling.
If that sounds stupid, it's because it is - it's sort of akin to buying things with your credit card and then refusing to pay your credit card bill when it comes due, and blaming your bill on the credit card company for giving you the credit card in the first place.
Obama is pressuring Congress to repeal this stupidity once and for all; we'll hope he succeeds. If he doesn't, I hope he has the balls to take his case before the Supreme Court or otherwise run around the debt ceiling, because it's a stupid (and I would say patently unconstitutional) law.