Dine and Dash Governance

[n2doc]

by Saevio Publius

It’s hard to choose just a single asshat for special recognition, but in this case, but in this case, Ted Yoho said something so stupid that notorious liberal rag ‘the Business Insider” called it the Stupidest Thing Said About the Debt Ceiling. Ted, come up here and show us why you’re a superstar.

“You’re seeing the tremor before the tsunami here. I’m not going to raise the debt ceiling. “I think, personally, it would bring stability to the world markets,” (since they would be assured that the United States had moved decisively to curb its debt).

Congratulations, Ted. You’ve proven that skill at being a veterinarian does not translate to world economics!

I hate the debt ceiling. I think it should die in a fire. One of the strongest reasons why is because the public has such a poor idea of what it is, and what it really means – basically it means that Congress can choose not to pay for the services they demand. So let’s simplify for the drooling masses.

Sitting down at the expensive restaurant and ordering the Steak and Lobster, and the $600 dollar bottle of champagne is the budget process. If times were sane, it would be part of passing the budget, but we haven’t had a real budget since 1997, so really that’s about the continuing resolution that is simultaneously under debate. That’s where you say ‘I don’t want the steak’.

The debt ceiling is where you decide to pay the check. It does not affect our steak order – that’s already in our belly. And we have more steak on the way. It just puts us in an impossible position, where our legislative branch has ordered us to give everyone free ice cream, but taken away dad’s credit card so he can’t pay for it.

more

http://www.wonkrage.com/wonkrage/dine-and-dash-governance/