Featured News

Paul Krugman Stands With Obama, ‘You Don’t Negotiate With (Debt Ceiling) Hostage Takers’

Last updated on February 8th, 2013 at 01:10 pm

Paul Krugman laid out why the left is standing with President Obama in refusing to negotiate on the debt ceiling.

Video:

To get more stories like this, subscribe to our newsletter The Daily.

Unfortunately your browser does not support IFrames.

Transcript from ABC’s This Week:

KRUGMAN: But this is not something you negotiate over. You do not negotiate with hostage-takers. That’s the White House position. They’re right about that. You just don’t negotiate on this. You can negotiate on the sequester, you can negotiate on taxes, but not on someone who is threatening to blow up the world economy if he doesn’t get his way.

NOONAN: My goodness. That appeared to be the White House attitude on the fiscal cliff just a month or two ago.

KRUGMAN: It’s very different.

NOONAN: Why can nothing ever be worked out? We do have a president. We do have legislative leaders. We do what should be noted, have a spending crisis in America. It is not an eccentric thing to worry about the amount of spending that America does. The income, the outcome and the long-term promises.

KRUGMAN: This is really — this is a doomsday — this is really saying I will blow up the world unless you give me what I want. And you don’t negotiate on that.

The debt ceiling as originally created by Congress in 1917 was intended to be a tool to help generate agreement between the president and Congress. Nearly a century later, the debt ceiling has become a tool of hostage taking and partisan warfare by a much different Congress. No matter how much House Republicans try to make it so, the debt ceiling is not a mechanism for controlling spending. Krugman referred to the debt ceiling as both stupid and dangerous, and that is exactly what it is.

Krugman’s comments are especially bad news for Republicans and the right who are hoping that Democrats and the left blink first on the debt ceiling. That isn’t going to happen. The White House wants all the pressure on the Republicans. Raising the debt ceiling is their responsibility, and President Obama has no incentive to toss the Republicans a lifeline. Since GOP hostage taking no longer works on President Obama, Speaker Boehner is counting on the desperate strategy of the left forcing Obama to make a deal.

The truth is that a majority of the country has joined together to say no to the tantrums, dramatics, threats, and hysterics of congressional Republicans. Rewarding congressional Republicans for their bad behavior, only leads to more bad behavior. As a nation we are going to let Republicans play at their little drama, and do what they always do when the Democrats refuse to yield to their tantrum.

At the very last possible second House Republicans will raise the debt ceiling, and then comfort themselves with deluded promises that next time their tactics will work.

Recent Posts

Federal Judge Warns of Tyranny After Trump’s Attacks on Judge’s Daughter

A sitting federal judge took the extraordinary step of warning of tyranny after Donald Trump's…

12 mins ago

Justice for Crystal Mason as Conviction for Illegal Voting is Finally Reversed

There is finally justice for Crystal Mason as her conviction for illegal voting was reversed,…

1 hour ago

Biden Confirms That Dark Brandon Is Real At Fundraiser With Clinton And Obama

President Biden confirmed that Dark Brandon is real during a fundraiser with former presidents Bill…

11 hours ago

1/6 Cop Killer Trump Shows Up At Police Officer Wake To Tout “Law And Order”

lice officer to talk about how the killing of police officers must stop, after he…

17 hours ago

James Comer Basically Begs Joe Biden To Revive Impeachment By Testifying

In what should be viewed as a last gasp move to revive his impeachment investigation,…

18 hours ago

Voter Fraud Found As Georgia GOP Vice Chair Illegally Voted 9 Times

A Georgia judge has ruled that vice chair of the state Republican Party voted illegally…

20 hours ago