Showing posts with label debt ceiling debate. Show all posts
Showing posts with label debt ceiling debate. Show all posts

Thursday, July 28, 2011

Dancing On The Ceiling


Now, I don't know why we have a debt ceiling law, and I don't know what having one is supposed to accomplish. I can't say whether it's good or bad, should remain or be removed from the books. But it doesn't take a genius, nor an econ major, nor a person with a kindergarten education to understand that if the US defaults on its debt for the first time in history, it will have repercussions around the world, will ruin our standing, and (this part takes some level of understanding, I guess) immediately add 100 billion to our annual deficits. (That could happen without default, if credit ratings go down as people see our fundamental inability to govern ourselves.)

So the fact that enough Congressional Rs (and that expert at bankruptcy, Donald Trump) think causing default is perfectly fine leads to an obvious conclusion: the country is at the mercy of idiots. Of people who are too dumb to understand and too hidebound to care. In that sad reality, the rules of negotiation simply don't apply. A piece in the NYT by a psych professor says as much:

DESPITE all the bluster about an impending default on the government’s debt, most observers in Washington and on Wall Street still believe the two parties will reach a crisis-averting agreement.

That’s because the practice of American politics assumes that all players will negotiate according to predictable patterns — that they will realize they can get more from compromise than by demanding everything and winning nothing.

Under that assumption, President Obama is right to keep pressing for a compromise, because eventually the Republicans will fall in line. But as two wildly different fields — game theory and the study of elephant mating patterns — show, there are limits to the usual assumptions: sometimes players simply refuse to play the game, and when that happens, the best advice for their opponents is to do the same....


Unfortunately, even the author can't come up with a sensible solution. His mind, it seems (and not unlike mine), is blown. Tossing his hands in the air, he concludes:
In the 1983 movie “WarGames,” an errant military supercomputer has a final moment of lucidity in which it notes, “The only winning move is not to play.” The president is best advised to do the same: declare that the other side has foregone all pretense at rational legitimacy, and simply proceed to govern as best he can for the good of the country.

Sort of says it all, really. "As best he can." How? Facing these guys in Congress, and, unlike them, recognizing there's a Constitution and there are certain assumptions about governance in a democracy, what's a president to do?

And that's the point: one side is beholden to a group of people with whom negotiation makes no sense, to whom the very essence of democracy is meaningless. In our system, with a divided government, all options are gone when one party is literally insane.

The only solution is for people to wise up and vote to put Democrats back in control. Failing that, of course, they could find and elect reasonable Republicans. Slight problems, though: first, there are damn few reasonable ones left, and, second, Republican voters will never elect them. Not until, in concert with their global warming denial, hell freezes over.

One thing the president could have done, however, is, in his recent speech to the public, laid out much more clearly what the competing visions for our country are, what the consequences to our future would be were Republican cuts with no revenue increases to become law; and to have demonstrated the level of detachment from reality being shown by congressional teabaggRs. In asking the American people to let their representatives know what they think, he was still operating on the assumption that someone on that side of the aisle actually gives a shit.

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