By threatening to crash the U.S. economy if they do not get their way in negotiations on economic policy, House Republicans, led by their tea party cohort, have rightly been accused of holding the economy hostage.
Only time will tell if this completely made-up crisis, with its dire ramifications for the financial well-being of every American family, is, as it appears to be, a classic Republican overreach. But two things are certain now: They created this debt ceiling “crisis” solely for the purpose of extorting the Senate and administration into enacting laws that benefit the Republicans’ wealthy corporate sponsors to the detriment of the middle class and wage earners.
And, by creating a national crisis for no other purpose than political gain, they have rendered quaint a key promise they made to independent voters in their 2010 campaign “Pledge to America.”
David Weigel revisited the House GOP’s campaign Pledge yesterday and found this gem: