The WaPo tells us what Team Coup’s big evil plan is if they regain control of the levers of the gubmint: Global Financial Crisis –
After refusing for months to divulge what they’d do if they regained control of Congress, Republicans have finally revealed some oftheir economic agenda.
Unfortunately, it might involve causing a global financial crisis, recent interviews with some GOP congressmen suggest.
The scariest part of the recently disclosed GOP economic agenda, however, has largely gone under the radar. It’s the plan to hold the debt ceiling hostage next year, which could easily precipitate a global financial catastrophe.
Republicans have withheld their support from raising the debt limit before, usually framing their hostage-taking as a commitment to fiscal restraint. But the debt ceiling has nothing to do with new spending; rather, it’s a somewhat arbitrary statutory cap on how much the government can borrow to pay off bills that it has already incurred, through tax and spending decisions that Congress has already made.
And here is the perfect description of this gambit, and I plan to steal this:
Refusing to raise the debt limit is like going to a restaurant, ordering the lobster and a $500 bottle of wine, and then declaring yourself financially responsible because you skipped out on the check.
And generally we know that they plan to take the gubmint hostage to kill off Social Security and Medicare, to pay for the cuts they seek.