House Republicans start from a legitimate concern about rising long-term debt. Politicians are usually focused only on short-term issues, so it would be commendable to see the Tea Party wing of the Republican Party seriously focused on containing long-term debt. But on this issue, many House Republicans aren’t serious, they’re just obsessive in a destructive way. The upshot is that in their effort to protect the American economy from debt, some of them are willing to drag it over the cliff of default.
Republican zealots yelling about America's debt and the Democrat's "tax and spend" policies are in fact, fanatics willing to ruin our economy in order to have their way. No tax hikes, no way, no how. No new revenue, not even from corporations that pay no taxes, like General Electric. Not even from corporations like Exxon-Mobile that are making billions in profits and still accepting taxpayer handouts in the form of government subsidies.
No, the Republican Tea Party members and sympathizers would rather cut programs that can serve to bolster America's long term economic recovery, keep America at the forefront of science and technology, educate our young people, and help the elderly and disabled. That's the Republican way. It's always been the Republican way (During the 1960s Ronald Reagan was the key participant in an American Medical Association (AMA) sponsored campaign to prevent the enactment of Medicare).
Republicans under George W. Bush drove the American economy into the toilet with unwarranted tax cuts for the wealthy, a prescription drug program that has cost over $549 billion and was not paid for, and two costly wars that were not only not paid for, but were underway when Republicans slashed taxes. It was no less than fiscal criminal negligence.
Now Republicans are feigning righteous indignation over the Nation's enormous national debt and preparing to stand firm on their demands for massive cuts to social programs and no new taxes. Well, to hell with them!