Fiscal Responsibility

House GOP Freshman: Out of Touch and Out of Time

With less than two weeks to go before America defaults on its debts, House Republican Freshman are still trying to score political points and push their extreme agenda, even if it means America not paying its bills for the first time. Or even if it means turning on their own party leaders.

As Politico reports:

“As the bipartisan Gang of Six proposals gained momentum and the president seemed ready to jump on board, some in the vocal class reflected their deep distrust of the institutions warning of an economic Armageddon — not just the White House and Wall Street but their own party in some cases. And while they said they’re sticking to their principles, they also may be taking themselves out of the final phase of negotiations.

“There is no reason to call this thing a default, the issue is whether to have an increase in the debt ceiling,” said Alabama Rep. Mo Brooks, a freshman who sometimes notes that he studied economics at Duke University. “There will not be a default of our credit unless the president decides on his own to breach our obligation to our creditors — that’s an entirely separate issue from raising the debt ceiling, but nevertheless the president has acted like not raising the debt ceiling is equivalent to a default. It is absolutely not equivalent to a default to our creditors.”

“If Congress fails to find a deal to raise the debt ceiling before Aug. 2, the freshmen said it won’t be their fault — it’ll be the president’s

Rather than attacking the President, House Republicans should focus on reality. Default could place social security checks at risk, jeopardize the 401k’s of American workers, harm interest rates for homeowners, and actually increase the deficit.

And clearly, neither the American public, nor Republican leaders agree with House Republicans. More from Politico:

“Never mind the polls that suggest Republicans are losing the messaging war — one this week showed that 71 percent of Americans disapproved of how congressional Republicans were handling the debt ceiling war and another that 67 percent support raising taxes on corporations.”

“…But the freshmen aren’t just attacking Obama — they’re targeting some in their own party. Freshman Illinois Rep. Joe Walsh circulated a letter he said was signed by roughly 50 members asking the House GOP leadership to ‘publicly disavow’ the last-ditch debt-limit proposal pitched by Senate Republican leader Mitch McConnell, vowing not to bring it up for a floor vote ‘in any form.’”