Financial Catastrophe Apparently No Longer a Republican Concern


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.

THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot. That's what Mother Jones CEO Monika Bauerlein tackles in her annual December column—"Billionaires Are Not the Answer"—about the state of journalism and our plans for the year ahead.

We can't afford to let independent reporting depend on the goodwill of the superrich: Please help Mother Jones build an alternative to oligarchy that is funded by and answerable to its readers. Please join us with a tax-deductible, year-end donation so we can keep going after the big stories without fear, favor, or false equivalency.

THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot.

Please read our annual column about the state of journalism and Mother Jones' plans for the year ahead, and help us build an alternative to oligarchy by supporting our people-powered journalism with a year-end gift 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

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.