The symbolic battle over the debt ceiling
It is truly irrational to risk the nation’s credit standing for the purpose of offering empty symbols to the Tea Party.
By E.J. Dionne Jr., Published: May 18
Symbolism doesn’t pay off debts or cover the costs of Social Security and Medicare. This has not stopped politicians in the nation’s capital from engaging in
an extended and entirely symbolic fight over how to raise the debt ceiling.
It’s time to stop the charade..................
The president could also usefully interrupt our deficit obsession for a moment to remind Congress that 13.7 million Americans are still unemployed. If setting up a mechanism for cutting the deficit in the long term makes sense, slashing it now would be foolish.
That’s why
a quick and narrow deal to raise the debt ceiling is the only sensible way out of this time-wasting confrontation. It is truly irrational to risk the nation’s credit standing for the purpose of offering empty symbols to the Tea Party....................
http://www.washingtonpost.com/opinions/the-symbolic-battle-over-the-debt-ceiling/2011/05/18/AFmkQl6G_story.html?hpid=z3