What a Joke

John Boehner and Co. have been doing a lot of symbolic things since they took control of the House. The first thing the Gallagher prop gavel-bearer did was have selected portions of the Constitution officially read into the record. They voted on Paul Ryan’s MediCare killing budget proposal. Though they’ve not done a damn thing about jobs, they also voted four separate times on abortion legislation. But all this pales in comparison to what the GOP did yesterday.

House Republicans dealt defeat to their own proposal for a $2.4 trillion increase in the nation’s debt limit Tuesday, a political gambit designed to reinforce a demand for spending cuts to accompany any increase in government borrowing.

The bill “will and must fail,” said Rep. Dave Camp, R-Mich., the House Ways and Means Committee chairman who noted he had helped write the very measure he was criticizing: “I consider defeating an unconditional increase to be a success, because it sends a clear and critical message that the Congress has finally recognized we must immediately begin to rein in America’s affection for deficit spending,” he said.

And defeat it they did. Not a single Republican voted “Aye” for their very own bill.

And the only “critical message” the GOP sent was to the financial markets. They were told not to worry about the vote, which was doomed to fail – that it was merely a political stunt.

“Wall Street is in on the joke,” said R. Bruce Josten, executive vice president of the U.S. Chamber of Commerce. Couldn’t have said it better myself…


Posted on June 1, 2011, in Economy, Politics and tagged , , , , , . Bookmark the permalink. Leave a comment.

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