Why Does Obama Want a Debt Ceiling Fight?


In the past, both Democrats and Republicans have used fights over the debt ceiling to embarrass the opposition party whenever it happened to be in power. Yawn. But they’ve never threatened to vote against raising the ceiling in order to extort goodies of one kind or another from the president. Obama, however, has indicated he’s open to just this kind of extortion, and Republicans are eager to take him up on it. Jon Chait:

I don’t really blame the Republicans for this, either. If Obama is going to begin by saying he’d like a straight vote on the debt ceiling but is willing to make policy concessions, what do you expect the Republicans to do? Keep in mind, the assumption that the Congressional minority can use the debt ceiling as a hostage to win substantive policy the president opposes is entirely novel. Obama has introduced this new development.

Jon calls this Obama’s “insane hostage bargaining strategy,” but I think we should at least admit the possibility that Obama is neither stupid nor insane. Sticking firmly to a negotiating position is hardly rocket science, after all, and all analogies to poker playing aside, it’s hardly plausible that Obama doesn’t get this. So surely the most likely explanation for his position is that he wants Republicans to make demands on him.

I don’t know exactly why he wants this. Maybe he’s itching for a fight. Maybe he thinks it will make Republicans look bad. Maybe he wants to cut spending but would rather give the appearance of having been forced into it. I don’t know. But he’s pretty obviously inviting Republicans to do this, not just stumbling into it accidentally. The only question is why.

OUR NEW CORRUPTION PROJECT

The more we thought about how MoJo's journalism can have the most impact heading into the 2020 election, the more we realized that so many of today's stories come down to corruption: democracy and the rule of law being undermined by the wealthy and powerful for their own gain.

So we're launching a new Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption. We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We'll publish what we find as a major series in the summer of 2020, including a special issue of our magazine, a dedicated online portal, and video and podcast series so it doesn't get lost in the daily deluge of breaking news.

It's unlike anything we've done before and we've got seed funding to get started, but we're asking readers to help crowdfund this new beat with an additional $500,000 so we can go even bigger. You can read why we're taking this approach and what we want to accomplish in "Corruption Isn't Just Another Scandal. It's the Rot Beneath All of Them," and if you like how it sounds, please help fund it with a tax-deductible donation today.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate