by Mitch Kokai
Senior Political Analyst, John Locke Foundation
Deroy Murdock explains at National Review Online why he’s not worried about the debt-limit deal President Trump reached with Democratic congressional leaders.
The Right’s insomnia over this matter seems excessive and misdirected.
Trump on Wednesday agreed to the proposal of House minority leader Nancy Pelosi (D., Calif.) and Senate minority leader Chuck Schumer (D., N.Y.) to increase the national-debt limit for three months, and attach that to emergency aid for victims of Hurricane Harvey. But just days earlier, conservatives had been wringing their hands in fear that Schumer would turn the debt ceiling into the Democrats’ newest set of brass knuckles.
If not for the high-profile urgency of, in essence, stapling the debt limit to Harvey assistance, the pressing need to re-charge Uncle Sam’s credit card would have given Schumer a fresh way to beat up Republicans. Absent Harvey, Schumer and his band of toughs would have kidnapped the debt limit in exchange for something else, perhaps “DACA or death!” Instead, the debt-limit increase slid through, behind Harvey’s shield, with no last-minute hostage drama.
Trump rejected the offer of House speaker Paul Ryan (R., Wisc.) and Senate majority leader Mitch McConnell (R., Ky.) to extend the debt limit for 18 months, past the 2018 mid-term elections. This would have removed federal borrowing from the list of issues on which the GOP could have run next year. Obama hiked the national debt from $10.6 trillion to $19.9 trillion — a staggering 87.8 percent. That mess, and how to escape it, would have been a worthy GOP issue. Ryan and McConnell largely would have obviated that opportunity.