Do Republicans fully understand what the debt ceiling is? There’s evidence to suggest that the answer is no. (via MaddowBlog)
“There is a lot of hysteria around shutting down the government. But, you know, this happened under the previous administration. The government was shut down for 35 days. There was a stalemate. But people still got paid. Accounts still got filled up. And the sky didn’t fall. I would like to see the president — and so far, he has said he’s unwilling to negotiate with Republicans. That is not how to unify our country. We are very divided right now. We have $31 trillion of debt.
But let’s also not brush past the substantive disconnect between the question and the answer: The “Meet the Press” host asked about the debt ceiling, and the Republican answered by arguing that government shutdowns aren’t that important. Some GOP lawmakers appear to be under the impression that if they fail to raise the debt ceiling, the government would shut down. That’s not even close to being correct: If Republicans deliberately cause the United States to default on its obligations, the result would be an economic catastrophe vastly more serious than any temporary shutdown to federal operations.
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