Wednesday, July 27, 2011
I don't why I keep expecting something rational to happen with respect to the debt ceiling deal. Rational things happen when rational people come together and hammer out reasonable compromise. In the debt ceiling talks we don't have this. What we do have is a politically centrist White House trying to reach a rational compromise with irrational people(meaning the ultra conservative/teahadist bunch). This is no different than the discussions over climate change. One side, the rational one, has the backing of the facts and consensus of an overwhelming majority of scientists. There is no question that human activity is having a negative effect on global climate and that it is getting more serious. That's the real world. On the other hand you have the climate change deniers who, in spite of all evidence otherwise, are insisting that just the opposite is true. They have a separate reality that is not based on fact and observable phenomena and to try to reach some rational agreement is impossible...they are not in the same universe. The same applies to the debt ceiling talks. The radical right doesn't agree with a majority of the world's economists and insist that the debt ceiling is no big deal...they are living in a separate reality untouched by facts and figures and therefore can't be reasoned with. We should expect the worse but I will say that were I Mr. Obama I would just rule the debt ceiling doesn't exist by virtue of the "full and credit" language in the Constitution and dare anyone to challenge me. The majority of the American people believe this and would back the President.