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By Michael KinsleyMichele Bachmann, Republican Congressman from Minnesota and presidential candidate, makes a great point of raising five children and 23 adoptive sons. And to judge from afar, bet it is a perfect good mother, politics aside. But I wonder: what Michele Bachmann teaches all these young people about the importance of complying with their obligations?
For example, say that one of them due to some people, oh, about $ 14.3 trillion. Would Bachmann say to parents that a debt is a moral obligation to an honorable person possible to pay if it is possible? Or that she tell them, well, it all depends on. If you return the money that has been assigned to the is a practical question. And if she is estimated it would be better they deny, then by all means to do so. It is perfectly O.K.
Bachmann teach their children that no matter why the money is or what it spends on: If we must, has an obligation to repay it? Or does she tell them that their obligation of payment depends on if, in his opinion, spent money wisely or lost? Says it is a matter of principle, or she says is a matter of what can go with?
In the big-budget summer 2011 Debate, in which both sides have maintained a hostage a necessary increase in legal debt ceiling while waiting for a blinking, what is missing is any sense that the United States honour is at stake.
The do not call "honor their debts" for nothing. We have had a public debate in cold blood of the pros and cons of putting yourself in a position which cannot pay their debts. But professionals are irrelevant and only a matter: we have the money, and we have to pay it back. People honorable pays it should. Sensible people, true does not run up debts that can not pay, but two wrongs not... etc.
Its origin is a very conservative idea, gone out of fashion: debt is a moral obligation. However, it is conservative and Congressional Republicans in particular, who have taken the battle cry of "Forget the 2 of August". Of course, is the day that reached the debt limit. After that, it will be illegal to United States to borrow more money, unless the limit is raised.
There is nothing special about it. For decades, to raise the debt limit has been a regular ritual of Washington, in which politicians deplore deficit spending, and party leaders issued a "Get of jail free" cards to Member races of tough re-election, allowing them to vote against raising the ceiling. Then all the other vote increase the limit, saying, "This better be the last time". Democrats and Republicans to play this game. But this time, Republicans are making the argument that it would not be so terrible did not raise the roof.
Some Republicans even say that they are not concerned by making a deal with Democrats that would include cuts unprecedented; they are against the increase in the debt limit, period. Bachmann, says, "not that they scare you by saying that the country is going to get rid" If the deadline passes on August 2 with no action. Former Governor of Minnesota, Tim Pawlenty said, "I hope and pray and believe they should not raise the debt ceiling." Read that right: a man to be President of United States asked that the American Government sank a record of 235 years honor its obligations.
No one knows for sure what will happen if you arrive on August 2 with will not be made. But there are good reasons to expect the worst. United States has fallen into the trap of the classic of the debtor of loans to pay interest on earlier loans. This means that even if closed us the Government completely, bills still come and interest payments would still come due and you may not pay for them.
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