SocraticGadfly: One #HarryReid national debt clusterfuck coming right up!

July 15, 2011

One #HarryReid national debt clusterfuck coming right up!

The Washington Post reports that Senate Majority Leader Harry Reid is the mastermind behind what could be just such a clusterfuck.

He wants to combine elements of Senate Minority Leader Mitch McConnell's "let's punt the debt decisions off to Obama in 2012" idea with a Congressional national debt commission, similar to the military base closures commission of the 1990s. Combine that with Dems like Reid still trying to out-deficit-hawk some GOPers, and we get this trifecta.

First, the sign-off on McConnell's plan:
Reid confirmed that discussions are focused on what McConnell has called “Plan B”: an elaborate legal framework to raise the debt limit by $2.5 trillion that would place the entire political burden for the unpopular move on Obama.
Followed by Dems wanting more spending cuts:
Unveiled earlier this week, McConnell’s plan included no mechanism to force the sharp spending cuts that Republicans have demanded in exchange for voting to lift the debt limit. But in a sign of the unusual political times, Democrats said they were reluctant to go along with that proposal and are pressing to add roughly $1.5 trillion in cuts to government agencies to the measure.
Topped by the debt commission:
Talks were also underway over a plan to appoint 12 lawmakers from both parties to draft a long-term framework to stabilize the national debt. The new debt committee would be given a deadline, and its recommendations would be fast-tracked to a vote in the House and Senate without amendment, similar to the process used to close military bases.

Late Thursday, McConnell told a radio interviewer that the new debt-reduction panel would “probably be part of the bill” and that it would likely be asked to issue its report by the end of the year.
Let's unpackage this whole craptacular bag.

First, "pulling a McConnell." Are Senate Dems that worried about getting blamed for a default that they'll throw Obama under the bus? The sight of Obama and Reid shadow-boxing each other politically would have a certain attractiveness, were the stakes not so high.

Second, besides the uncuttable, sacrosanct Department of Defense not being on the table, what IS on the table?

Third, we've already seen Obama's Catfood Commission. Reid's Denture Commission, or whatever cynical name we want to give to it, will surely be worse, and more politicized. Note that McConnell said it should report back by the end of the year, just in time for political fireworks.

I'll be waiting for the Serious People in the DC Village and the NYC adjunct to applaud this.

No comments: