Tuesday, December 18, 2012

The Tea Party and the Debt Ceiling vs. Economic Growth

The Tea Party faction of Republicans is not a bashful bunch. Arguably misguided, but definitely not bashful.
In 1773, participants in the Boston Tea Party disguised themselves as Mohawks, then made their point to the British crown by throwing cargo overboard ships. Today, 240 years later, the Tea Party Republicans are taking a modified approach: they aren't using disguises, and they are making their point to the Obama administration by threatening to sink the ship.
Rep. Louie Gohmert (R-TX), a member of the Tea Party Caucus, provided a recent example in an interview about the fiscal cliff: "As far as… the weapon we have, it’s the debt ceiling." In other words, refusing to raise the debt ceiling is the Tea Party’s threat. Actually following through on that threat would be the political equivalent of detonating a suicide vest (as I said previously in “How to Fix the Debt Ceiling”). Rep. Gohmert and the Tea Party Caucus aren't alone; ominously, Senators McConnell and Corker have recently picked up on the debt-ceiling-as-leverage theme.

Read more: http://www.american.com/archive/2012/december/the-tea-party-and-the-debt-ceiling-vs-economic-growth

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