Recently in an interview between John King and Sen. Jim DeMint the following statement was made:
King: A question first on what comes ahead. Many have said that now that the Republicans have the house and more conservatives in the Senate, when will we know if you’re serious about keeping your promises about spending and the debt. If there is a vote in the congress on raising the debt ceiling, so that the government can continue to print money and spend money should the Republicans say no?
DeMint: I think Republicans will say no. Unless the raising of the debt ceiling is accompanies by some dramatic spending cuts, something that will direct us to a balanced budget in the future, Republicans will not support an increase in the debt limit.
The tell is not only in the answer, but in the question King poses as well.
Take specific note of the phrasing, “If there is a vote in the congress on raising the debt ceiling, so that the government can continue to print money and spend money…” The two clauses of that statement are completely orthogonal to one another. The government will have to print money to spend it because the debt ceiling would keep them from creating it via debt issuance. The debt ceiling has exactly zero bearing on the government’s ability to print money. This misdirection is the setup by the media to justify the con.
DeMint’s comment details the faux-leverage that the Democrats will claim the Republicans used to force their hand to cut Social Security. “Unless the raising of the debt ceiling is accompanies by some dramatic spending cuts…” The claim that comes down from the Democratic leadership will be, well if we didn’t give into the Republicans by cutting Social Security, we wouldn’t have been able to raise the debt ceiling, and it would be the end of the world as we know it. It won’t be true that the world will come to an end, nor that the debt ceiling needed to be raised, but it won’t matter, because the Democrats will sell it that way, the Republicans will sell it that way, and the media already is.
This, folks, is the way Social Security will be dismantled. The political cover of a manufactured pending crisis used as leverage by one Party against the other. Long-term distant deficits don’t agitate voters enough to give the necessary cover for this kind of duplicity, but with the debt ceiling issue on the table it gives the politicians a supposedly credible way to say, “Yeah, that problem is 37 years away, but this one is RIGHT NOW!”
If you’ve been wondering how our politicians were going to find a way to get away with deconstructing one of the nation’s most popular and necessary social institutions, look no further.