In Their Own Words: Republicans Explain Why We Must Not Default
The Treasury Department confirmed once again this afternoon that Aug. 2 is the do-or-default date when it comes to raising the nation’s debt ceiling. Meanwhile, Republican senators are simply digging in their heels to defend special tax breaks for corporate jet owners (among other things). Since the GOP won’t listen to reason, perhaps they’ll listen to…themselves when it comes to avoiding a default on our obligations:
“We’re at 15 percent revenue, and historically it’s been closer to 20 percent. We’ve never had a war without a tax, and now we’ve got two. … Absolute bullshit.”
-Former Sen. Alan Simpson (R-WY), yesterday
“The debt’s coming due, and they say it isn’t coming due. They’re wrong.”
-Former Sen. Pete Domenici (R-NM), former Senate Budget Committee Chairman, yesterday
“Raising the debt limit is necessary to preserve the full faith and credit of the U.S. Government. We cannot as a Congress pass spending bills and tax bills and then refuse to pay our bills. Refusing to raise the debt limit is like refusing to pay your credit card bill–after you’ve used your credit card. The time to control the deficits and debt is when we are voting on the spending bills and the tax bills that create it. Raising the debt limit is about meeting the obligations we have already incurred. We must meet our obligations. Vote for this bill.”
-Sen. Chuck Grassley (R-IA), in 2006
“Now, how can somebody spend like a drunken sailor and then all of a sudden find religion when it comes to raising the debt limit? This is just like eating a big meal and walking out on the bill.”
-Rep. Jeff Flake (R-AZ), in 2002
“The result is that our government now needs to keep its promise to the American people, to all of various entitlement programs, but maybe most especially the program that that elderly woman asked about this morning. We must raise the statutory debt limit.”
-Rep. Mike Pence (R-IN), in 2002
“You don’t have much choice if you charge something on your credit card. You have to pay it, and that’s effectively what this debt limit is . . . [W]e’ve already spent the money. The question is now, do we shut down the government, or do we fund what we’ve already done?”
“Let me tell you what’s involved if we don’t lift the debt ceiling: financial collapse and calamity throughout the world.”
-Sen. Lindsey Graham (R-SC), in January
Evening Brief: Important Stories That You May Have Missed
The Heritage Foundation still doesn’t get it — corporate jets and commercial jets are not the same thing.
A recent study by UBS found a strong correlation between social inclusion, competitiveness, and economic development.
A 74-year-old gay-rights supporter was charged with assault after kissing a preacher protesting a pride event.
The American Family Association’s Bryan Fischer compared the Republican National Committee appointing the executive director of the pro-gay Log Cabin Republicans to its finance committee to inviting a pro-slavery Republican to join before the Civil War.
Despite original claims from his campaign that he did, Republican presidential candidate Mitt Romney did not raise $10 million in one day.
A former GOP senator turns on his old colleagues who say the debt ceiling doesn’t have to be raised, saying, “They’re wrong.”
2012 Watch: Romney’s Epic Reversal On His Campaign’s Central Theme
Even by Mitt Romney’s standards, this is whale of a flip-flop. After contending for months that President Obama had made the economy worse, Mitt Romney yesterday suddenly abandoned the central theme of his campaign when he told a crowd of reporters (including ThinkProgress’ Scott Keyes) that he never made any such claim. Truly epic video: