Fiscal Responsibility

The Definition of Insanity…

Here we go again…

Looks like House Republicans have not learned from their past mistakes, and once again are threatening to play games with our nation’s ability to pay its bills. According to Roll Call:

House Republicans may again tie a debt ceiling increase to a repeal of a section of President Barack Obama’s health care law, but the plan remains murky after a three-day retreat here.”

“At an afternoon panel moderated by GOP leaders and former Congressional Budget Office Director Doug Holtz-Eakin, members expressed support for tying a one-year increase to the nation’s borrowing limit to a repeal of the health law’s so called risk corridors, a provision that mitigates risk for insurance companies.”

“The calculation for leadership is whether they can draw 218 Republican votes for the plan, which would almost certainly be rejected by a majority of Democrats. Any increase to the debt ceiling will be a heavy lift, especially during an election year in which members can draw primary ire for supporting a policy that is generally unpopular among Republican constituency.”

“Other plans emerged, such as tying the increase to a balanced budget amendment to the Constitution or language that would spur the Keystone XL oil pipeline project.”

In case they don’t remember the last time they played political games over the Affordable Care Act, it resulted in bringing our economy to the brink of default. Time to rethink this strategy.