The benefits of debt ceiling debates

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Ramesh Ponnuru rejects the argument that the debt ceiling is useless because Congress has already approved the taxation and spending levels that create deficits, noting that “more and more of our spending rises on autopilot because of decisions made long ago, and nobody is forced to take responsibility for the gap between revenue and commitments.”

“First, Republicans should make the conditions reasonable, rather than, say, trying to use the leverage the debt-ceiling bill gives them to transform the welfare state. Second, Democrats should accede to reasonable requests rather than attacking them as though they amounted to terrorism.”

“Democrats insist that any future deficit reduction be ‘balanced,’ with tax increases as well as spending cuts… Around the world, though, most successful deficit-reduction efforts in the past three decades have been unbalanced, tilting toward spending cuts rather than tax increases.”

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.