Financial Catastrophe Apparently No Longer a Republican Concern

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From House Speaker John Boehner, on President Obama’s request to raise the debt ceiling:

There is a price for everything.

I know this seems unexceptional, but really, it’s not. It’s gobsmacking. Ever since the election, Republicans have been acting as if financial catastrophe is purely a problem for the president. To listen to Boehner, you’d think that avoiding the austerity crisis (nee fiscal cliff) is a partisan goal, not something that Republicans are supposed to care about for its own sake. Likewise, default on the national debt is the president’s problem, full stop. If he doesn’t want markets to panic, then he needs to cough up some goodies.

What’s even more gobsmacking is that nobody in the press seems to find this at all out of the ordinary. The leader of the opposition basically shrugs his shoulders in public and says that if the president doesn’t want the national economy to collapse, he’ll have to pay a price. The response is another collective shrug. That’s Republicans for you, it says.

Remarkable.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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