Wednesday, July 13, 2011

The Debt Ceiling Charade

Sen. Mitch McConnell's proposal has exposed the Republican postion on the debt ceiling as a fraud. Indeed, it would cede the congressional power of the purse to the White House. Cowardice and stupidity are necessary but insufficient explanations. Clearly, with the exception of Michelle Bachmann and the Tea Party folks, the GOP is on the take, ready to take a dive in 2012 to re-elect President Obama. The only good news so far is that Ron Paul has announced his intention to resign from Congress to run for President. Like Ross Perot or Ralph Nader, the spoiler could end up kingmaker in 2012. Which at least gives us something to look forward to--an unpredictable election. If Sarah Palin runs, all bets are off, IMHO.

Something has got to give...