Saturday, January 5, 2013

Will The Lazy Media Let Republicans Spin The Debt Ceiling



















Will The Lazy Media Let Republicans Spin The Debt Ceiling

The papers are filled with articles reporting in a matter-of-fact way that Republicans plan to use the debt ceiling fight to extract major spending cuts from the White House and Democrats. Mitch McConnell is out there this morning calling for a quick resolution to the standoff — one that exchanges a debt limit hike for deep cuts.

The early returns, based on the coverage of this looming battle so far, suggest Republicans are successfully defining the terms of this debate — they are defining it as a standard Washington standoff, in which each side will demand concessions from the other. Indeed, you can read through reams of the coverage without learning three basic facts about this fight:

1) Republican leaders will ultimately agree to raise the debt ceiling, and they know it, because they themselves have previously admitted that not doing so will badly damage the economy.

2) Because of the above, a hike in the debt ceiling is not something that Democratic leaders want and that Republican leaders don’t. In other words, it is not a typical bargaining chip in negotiations, in the way spending cuts (which Republicans want and Dems don’t) or tax hikes (which Dems want and Republicans don’t) are.

3) And so, if and when Republicans do agree to raise the debt ceiling, it will not constitute any kind of concession on their part — even though they will continue to portray it as such to demand concessions in return. It will only constitute Republicans agreeing not to damage the whole country, which does not constitute (one hopes) them making a sacrifice.

Without these facts, it is simply impossible for readers and viewers to understand the basic situation that’s unfolding here. Indeed, you can read through much of the coverage and come away with the sense that this is a typical negotiation: Democrats want a rise in the debt ceiling; Republicans want spending cuts; therefore, the two sides are squaring off for a game of chicken to see who can extract more from the other. That’s not what’s happening at all, and any accounts that portray it as such present a deeply unbalanced picture.

The corporate media wants it to be a stand-off type negotiation because the drama gets viewers and readers. The only drama here is whether Republicans will go batsh*t insane and trash the economy because of their freaky ideology. Trying to use "deficits" as a wedge is just as hateful and stupid as any other reason, Washington's Deficit Obsession Is Insane