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by cpleppert 4624 days ago
"debt limit denial" is only a small part of the problem. The other half is the expectation that 1) threatening something that hurts the country(which he admits) is a good thing if you can pass your political program and 2) the other party will simply fold and its members will pass your program

1 simply denies that the opposing party should be able to represent itself in the democratic process but 2 is simply bizarre. No one is going to help their opponents pass their agenda on the basis that if they don't the other party will cause the economy to collapse. If that worked, the Soviet Union would have threatened to start a nuclear war anytime they wanted something and would expect the United States to back down.

The line of reasoning that validates such a tactic is just totally bizarre. Even if you can get some type of leverage over the other party you will never get enough concessions to justify the economic damage. Economic damage occurs in the present while entitlement spending cuts occur in the future. Even if the economic damage is minimal it seems quite a stretch to assume that statutory changes today are the only way to stop a future congress from overspending. This hypothetical future congress would be perfectly capable of cutting spending on its own.