According to Senator Jim DeMint, even if a balanced-budget amendment were attached to a vote to raise the debt limit, he’d vote against it — and he encourages freshmen Republicans not to vote for raising the debt limit either. His argument is that since he/they didn’t create the debt problem to begin with, they shouldn’t be the people who vote to raise the ceiling. DeMint goes on to say that it’s important for the GOP to show its “strong commitment to cut spending and debt.”
I think it makes great sense to use the vote on the debt ceiling to try to extract some substantial cuts in federal spending. But what Senator DeMint is arguing for is something else. He believes that Republicans should oppose raising the debt limit regardless of the concessions they might win.
It is quite extraordinary, really. Senator DeMint is essentially urging Republicans to cast a vote that would lead to a federal default. This would have catastrophic economic consequences, since the United States depends on other nations buying our debt. Now, I understand that if you’re in the minority party in Congress, you can vote against raising the debt ceiling, as that vote won’t influence the eventually outcome. But Republicans now control one branch of Congress by a wide margin, so GOP votes are necessary to raise the debt ceiling. Symbolic votes are not an option. What Senator DeMint is counseling, then, is terribly unwise. And if the GOP were to be perceived as causing a default by the federal government, it would be extremely politically injurious.
In terms of DeMint’s argument that since he and incoming Republicans aren’t responsible for our fiscal problem they have no obligation to increase the debt-ceiling limit, it’s worth pointing out that all incoming lawmakers inherit problems not of their own making. Freshmen Members of Congress aren’t responsible for the entitlement crisis or the war in Afghanistan; Governor Chris Christie is not responsible for the pension agreements and unfunded liabilities that have created a financial nightmare in his state. No matter; they still have the duty to deal with these problems in a responsible way. Read More