The continuing debate over the debt ceiling is really starting to piss me off. Given that the alternative of not raising the debt ceiling, it is widely agreed, would mean a giant fiscal crisis and probably another recession. If you’re concerned about having too big a deficit, then address that in the budget, not in the “we have to pass this to keep paying our bills” vote. (why do we even need that vote since we already passed the budget?)
The point in time that put me over the edge was when Obama basically agreed to a $4 trillion deficit reduction package, 80% of which was spending cuts and 20% was tax hikes. And the Republicans said no, that increasing taxes at all, even on the richest 1% that’s done much much better than the middle class over the past decade. I thought I heard the reason was that this would hurt the economy, which seems like an absurd point to make when the alternative is defaulting on our debts.
Anyway, McConnell proposed this crazy scheme where Congress would vote to give the authority to Obama to raise the debt limit, then pass a bill to say “no don’t do that” that Obama could veto. It sounds like it has a shot at getting enough support, but it just makes me sad that this is the way we solve our problems.
There’s a new campaign to prevent auto theft (can’t find links, so you’ll have to take my word for it). The billboard goes something like “Insurance premiums have gone up $x billion in Texas because of auto theft, so don’t let your car be stolen”. The radio ad has a guy talking about hoping somebody steal his piece of junk car, then a friend explaining that that would make his insurance rates go up.
Honest question: what?? I would think on the list of “Reasons I don’t want my car to be stolen”, “Insurance rates will go up” is somewhere around #57. You know what’s #1? “Because then I won’t have a car, and even if it’s insured I’m probably not going to get full value for it and then I have to go through the hassle of buying a car, etc., etc.” Who the heck thinks that “Well, I would have let my car be stolen, but I don’t want everyone’s insurance rates to go up a tiny bit”??
Am I crazy? Do people like having their cars stolen or something?