After both the Republicans and Democrats blinked on the National Debt Ceiling in October, both parties agreed to have another moronic showdown over the Debt Ceiling in early December. Mitch McConnell has set his strategy on the old, tired but tried and true strategy of not supporting any notion of raising the Debt Ceiling by Republicans. This tactic is used almost every time the Debt Ceiling becomes an issue, which it does almost every year because politicians (of both parties) are more than happy to spend whatever they want when in the majority but not when in the minority. Now this would be a sign of integrity and principle if they didn’t increase spending on their watch and supported paying for the debt without objection that had been approved by all Administrations prior to the next budget they are sponsoring. If any party wants to hold or reduce the Debt Ceiling then they must do so when they are the Administration setting the future spending, not complaining about paying for what had been approved being spent in the past. Typically, McConnell’s strategy would be termed “brinksmanship” because the Republicans would be using it to gain some leverage in negotiations in some legislative area. However, the current use of this strategy appears to be more of a pre-midterm election political issue positioning ploy. The Republicans will campaign about the Democrats’ recklessly burdening the taxpayers with more debt. Of course, there will be no admission that that debt included spending approved and authorized by Republicans.
It might
worth considering whether the situation is appropriately characterized as a “brinksmanship”
situation or whether it is more of a “Mexican standoff” where there is no
strategy by which anyone can win. This must not be the perspective of McConnell
or the Republicans since they believe that they can win with their strategy or else
they are hoping that no one, especially the Democrats, can find a strategy that
will defeat theirs. I don’t believe that it would be correct to think of this
as a Mexican standoff, since I am sure that there is a strategy which defeats
McConnell’s and the Republicans. I just don’t think that the Democrats are
likely to be able to solve the problem and recognize the solution to countering
McConnell’s strategy. Thus, I will continue with the “brinksmanship” characterization
of the Debt Ceiling issue.
Now the Democrats are following their side of the “brinksmanship” strategy.
They are seeking some path to pass the legislative authorization to increase
the Debt Ceiling limit. So, they are looking to negotiate with this politician
or that politician (both Democrat & Republican) to get sufficient votes to pass
the authorization. They are looking for procedural approaches to get it passed.
The Democrats are even looking at financial tricks that trump (I couldn’t
resist) McConnell’s ploy. But it doesn’t seem likely that the Democrats will
see a way to deny the Republicans the campaign issue that they are seeking.
What is
needed is to not just know that this is a critical national issue or crisis but
to understand the problem that McConnell has created. To properly understand
the problem does mean that you have to know what it means to not increase the
Debt Ceiling. Failing to raise the Debt Ceiling will have profound consequences
which is why the “brinksmanship” terminology is very appropriate for this issue.
Just to avoid the dire impacts of defaulting on debt payments, the Administration
in-charge will use every accounting, management, and fiscal control at their
disposal. Should they fail, every American will feel the impacts and the nation
may suffer consequences for years if not decades.
The
whole point of presenting the status of the current Debt Ceiling “brinksmanship”
struggle was to provide the context for making it easy to understand what a
successful counterstrategy would be for the Democrats.
McConnell’s
strategy is based on the premise that he can’t lose whether the Debt Ceiling is
raised by the Democrats or not. He and the Republicans will be able to use
either outcome to his and the Republican party’s advantage. This was and is his
error. It is the quintessential mistake in his analysis. He presumed that he
had a win-win game position. What he hasn’t considered is that a better
strategist might be able to look at the larger problem-space and see the
problem more astutely and by exploring both the problem-space and the
solution-space more thoroughly see and find a superior and winning strategy.
A key assumption that McConnell has made is that the
Democrats must pass raising the Debt Ceiling and suffer having it used as a
midterm and 2024 election issue, or they become responsible for the
consequences to the economy, the public, and the nation that failing to do so
will have. However, what if President Biden and the Congressional Democratic
leadership put the decision and responsibility for the Debt Ceiling issue on
McConnel and the Republicans? How does McConnell’s strategy retain his “win-win”
assessment? It doesn’t. By simply recasting the decision to be one that the
nation is looking to the Republicans for leading on, the Democrats at least re-establish
the issue into the “brinksmanship” class of strategies. But with a little bit
more problem-solving effort, the Democrats can make the Debt Ceiling issue a “win-win-win”
for themselves. With some really smart leadership, the Democrats could
potentially extend this strategy into a “win-win-…-win” strategy. This may be a
bit much to expect of the Democrats, as neither political party has
demonstrated much in the way of ‘smart’ leadership let alone ‘really smart’
leadership.
How would the Democrats recast the decision to this effect? Well, the Democrats
through President Biden just have to literally come out and say: “The nation is
facing an existential decision for the welfare of the nation’s citizens, its
economy, and its leadership role in the world. Because this is a bipartisan issue
and is a principled duty for the peoples’ elected Congressional representatives,
the Republican leadership and its members of Congress are being asked to make
the decision on raising the Debt Ceiling or not. Because this decision will
have such broad and far-ranging consequences for the nation and our people, I
will help the Republicans in their efforts. I will guarantee one Democrat vote for
each Republican vote that they may need to authorize raising the limit, or if
they need more Democratic support to accomplish that goal then I will get two
Democratic votes to support each one of theirs. If the Republicans decide that
the Debt Ceiling should not be raised and will not or cannot deliver adequate
votes for passing this legislation, then the Debt Ceiling limit will not be
raised based on the judgement and leadership of the Republican members of
Congress.”
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