What if the United States government shutdown and the House Republicans didn’t care? I mean, really: even after a month they didn’t care. They thought it was great! Maybe it would be a good chance to shake up those 47% senior citizens living the easy life with their $1,000 monthly pensions! I really do wonder, because now a government shutdown seems all but inevitable. And I’ve begun to wonder if I wasn’t wrong before about it quickly resolving itself.
An even bigger concern is that the government shutdown will go this way. The press and business communities will freak out. Boehner will go to his caucus and say, “This is bad for us.” Then he will offer them what he’s been offering all along, “Pass the continuing resolution and then we’ll push our case over the Debt Ceiling.” My hope was that a government shutdown would scare the Republicans away from the Debt Ceiling showdown. But now I think a government shutdown is at least as likely to lead to a Debt Ceiling crisis.
The current situation reminds me very much of the film The Rock. John Boehner is General Hummel, who is trying to blackmail the government but has no intention of killing the hostage (basically, the people of San Francisco). “This mission was based on a threat of force. I’m not about to kill 80,000 innocent people. Do you think I’m out of my fucking mind?!” I’m afraid that it will all play out as it does in the movie. Right after giving that speech, the others mutiny and soon everyone is dead.
It is not like a government default is all bad. As I’ve noted before, it will most likely destroy the Republican Party as a going concern. And Adam Davidson offers an even better silver lining in, Our Debt to Society. He argues that defaulting on our debt will cause other countries to stop seeing the dollar as a reserve currency. This will devalue the dollar. That would be great! It would increase the cost of imported goods and lower the cost of exported goods. It would create a hiring boom and do a lot to help our flagging manufacturing sector.
Of course, the rich hate such an idea. For those who already have lots of dollars, seeing them go down in value is a bad thing. But a lower valued dollar is just what the doctor ordered. Currently, we import more than we export. Normally, this offset would be fixed by our dollar sinking in value compared to the money of the countries we are importing from. But because of the United States’ role in providing the reserve currency, our dollar stays artificially high. (It is also the case that since the Clinton administration, the government has tried to keep the dollar overvalued because it cares a whole lot more about the rich than the poor.)
The other side of default is that Thomas Frank may be right in The Wrecking Crew. In that book, he argues that the Republicans keep political advantage by destroying everything whenever they are in power. They run up big debts so that when a Democrat gets into the White House, he has to work on the debt rather than improving social programs and the economy. (I don’t think they actually have to, but that’s a subject for another day.) The truth is that a government default would increase government borrowing costs. This would put yet more pressure on the government to cut services. So even if the Republicans get booted out of power, the conservative movement could be the ultimate winner.
I don’t know what’s going to happen. But I know that disruption is usually a bad thing, regardless of how things get sorted out in the end. And I really feel that the Republicans are more serious about this fight than is good for a democracy.
If I had to name the greatest songwriter of the 20th century, it would be Chuck Berry. But the second best would have to go to
I just watched the end of today’s Special Report with Bret Baier. For those not familiar, the show ends with a discussion amongst commentators. The star is Charles Krauthammer. And it is clear why he is such a big deal among conservatives. Compared to the knee jerk Obama haters, he comes off like a fucking sage. Baier himself stays above the fray. This allows him to say, at the end of show, immediately after the commentators, “That’s Special Report for this time, please tune us in next time, and in the meantime, more news is on the way—fair, balanced and unafraid.”
If America has the seeds of home grown terrorism, it is not in the form of radicalized Muslims. It is in the form of our gun culture—specifically, those at the far edge of it; those who consider themselves “libertarian” and “constitutionalist.” I don’t see there being any problem with your average guy who likes to enjoy nature by killing the animals in it. That’s a thing that people like to do. I don’t get it, but I sort of see the way it works. It is like dogs chasing after cats. Dogs don’t hate cats, but it is fun to chase after things that are hard to catch. That’s the basis of most video games. When it comes to American gun culture, that is the vast majority.
This morning, Paul Krugman posted an article, 
