Quote of the Day

I’ve been waiting for a Republican to say this for a long while.

Some Republicans are starting to have buyer’s remorse over their party’s insistence that a vote to raise the debt limit be tied to a long-term deficit reduction package.

“Maybe the debt ceiling was the wrong place to pick a fight, as it related to trying to get our country’s house in order,” Sen. Bob Corker (R-Tenn.) said Thursday. “Maybe that was the wrong place to do it.”

Ya think?

This isn’t the first time in American history policymakers have tackled fiscal policy and worked on a debt-reduction plan. This is the first time in American history policymakers from one party connected such a fight to the debt ceiling.

It’s been largely lost in the shuffle, but Republicans have other avenues to pursue these same goals. Indeed, they could raise the debt ceiling today and go right back to fighting the same fight.

But, no. They saw an opportunity to take a hostage, and wanted the leverage, regardless of the risks. Even after being begged by the Fed, economists, and the financial industry not to be so incredibly stupid, Republicans proudly declared they’d crash the economy on purpose unless Democrats met their demands.

And now, at least one of these Republicans is willing to admit publicly that maybe this was “the wrong place to pick a fight.”

Thanks for noticing, Bob. If only you weren’t several months too late.