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Should Republicans who deliberately held the debt limit "hostage" be tried for treason?

Asked by Qingu (21185points) August 5th, 2011

The US has routinely raised the debt limit, but this time a group of Republican congressmen explicitly said they wanted to hold the possibility of default as a “hostage” (I am quoting the Senate minority leader) to massive extract spending cuts from the administration, with no increase in taxes to balance.

Everyone said this was a dangerous game, because if we default on our debt it would not only ruin our own ability to pay for essential services but it would probably have terrible effects on the market. Up until now, our debt has had an AAA rating and despite its size the market has has kept the interest low, since it has collectively assumed we were capable of repaying it.

Now S&P has downgraded our debt for the first time in history. The reason? “Political gridlock,” said David Beers, S.& P.’s global head of sovereign ratings.

I don’t want to sound alarmist—and there is some hope because apparently S&P made a huge math error and the other credit ratings haven’t downgraded us yet—but this will almost certainly plunge us into a double dip recession now. Our debt interest payments are probably going to spike out of control. Every state and institution linked to us is going to have a harder time paying interest. It limits our ability to do fiscal policy to solve unemployment. If this spirals further out of control—with Europe already screwed—the world is going to become a very scary place, very fast, and our national security will be threatened.

And it wouldn’t have happened if Republicans didn’t take our economy hostage. I would honestly not oppose trying Mitch McConnell and the Tea Party morons for treason at this point.

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