Gaining From a Bad Deal

Good policy is good politics, according to an old saying, and like most old sayings it is often but not always true. The congressional Republican’s cowardly capitulation to a “clean” debt ceiling deal on Wednesday might prove one of the frequent exceptions to the rule.
No real Republican would argue that the deal isn’t disastrously bad policy. The legislation basically hands a blank check to the most profligate president in history, guaranteeing the nation’s debt will rise to a staggering $17.2 trillion just after November’s mid-term elections, and achieves nothing in the way of much needed spending cuts or any other curbs on a government rapidly and clumsily expanding into every niche of American life. Although the party leadership and the minority of Republican congressman who followed them argue will that the deal guarantees the full faith and credit of the federal government, an increasingly restive conservative base will not be convinced that adding yet another $512 billion dollars of debt over the next few months is the most fiscally responsible course of action.
Nor can the Republicans point to any immediate political advantages gained from the deal. Indeed, the more prominent media are gleefully quoting the Democrats’ gloating that the deal represents a total defeat for the Republicans in general and their more rock-ribbed Tea Party constituents in particular. House Speaker John Boehner, whose hold on the house speakership grows more tenuous with each passing offense to the party’s most essential voters, couldn’t even win the inclusion of an amendment to rescind some previous unpopular budget cuts to veterans’ benefits that the Democrats probably could have been shamed into accepting. As the most outspoken opponent of the deal and the only Republican to attempt a filibuster Sen. Ted Cruz of Texas was rewarded for his noble efforts by some of the most sneeringly disdainful press coverage of his already controversial career, and if the party leadership and its timid followers expected to be lauded by the pundits for their non-partisan willingness to compromise they have been sorely disappointed.
On the other hand, at least the Republicans aren’t being pilloried for their strident partisanship and stubborn refusal to compromise. That’s what happened every other time the Republicans tried to use the debt ceiling as leverage for sensible reforms and essential spending restraint, with the damage done to the party’s popularity evident in all the subsequent opinion polls, and we will generously assume that the Republican leadership was merely trying to avoid yet another hit. Those talk radio hosts shrieking “damn the opinion polls, full steam ahead” are quite right to argue the public should be grateful for the Republicans’ efforts, that government shutdowns are a minor inconvenience at worst and a welcome break from bureaucratic meddling at best, that a federal default would not occur in any case, and that the eventual consequences of all that debt far outweigh any damage done by a protracted political squabble, but they are wrong to assume that an electoral majority of the country can be made to understand any of it.
A crucial percentage of voters pay too little attention to politics to hear these arguments, and even if the arguments were to somehow sneak into the news accounts that occasionally interrupt the average uninformed American’s day he would likely be unmoved. Government shutdowns always sound scary when the news anchors say it, the laws and constitutional requirements precluding default are as a confounding as the economic concepts involved, and the public has become inured to warnings about it since the Democrats started squawking about it back in the Reagan days. When the debt it called due and the inevitable economic calamity occurs it will be big news, but at the moment the weather is a far more pressing matter for the average American.
Unless the bottom falls out before November, the Republicans’ cowardly capitulation could provide them with a slight advantage in the mid-term elections. By that time the deal will be largely forgotten even by the talk radio hosts, who are already shrieking less loudly than after other Republican leadership outrages, and the majority of Republican congressman who opposed the deal will be able to remind their conservative voters that they at least voted “no.” The Democrats won’t have another unpopular showdown to blame on the Republicans, and they’ll still be remembered as the party that promised you could keep your health care plan if you liked it and then cancelled the policy and forced you to pay more money for one covering things you don’t want or need. To the extent that America’s dire fiscal situation is an election issue, even the most cowardly capitulators in the party can claim that they were forced to bankrupt the country by the Democrats.

— Bud Norman