I really did not intend to dignify Ted Cruz’ ambition by paying any attention to him; the man is by all accounts (Republican, Democrat, human) a consummate asshole. (Andy Borowitz, who has been on something of a roll lately, tweeted “Poll: 80% of Americans given a choice between Ted Cruz and Scott Walker choose suicide.”)
But when I read this paragraph at Political Animal, I decided it was worth sharing:
[A]bove all, one particular position should disqualify Cruz—or anyone else who holds it—from the presidency: using the debt ceiling as a hostage device. Breaching the debt ceiling would be disastrous. It’s hard to forecast exactly what would happen, but we can somewhat forecast day one after default. The government would have to prioritize its payments. Do you withhold food stamps from low-income Americans? Delay Social Security checks? Maybe we should stop payments on infrastructure projects. Those missed payments would harm millions of Americans and cause mass disruptions around the country as cash flow problems cause companies to become insolvent. Over the long term, it would permanently raise our borrowing costs, making our interest payments more expensive. In short, it would be self-inflicted economic Armageddon. Cruz considers his willingness to risk that catastrophe a selling point, touting his role in opposing the debt ceiling hikes on his website.
Nothing says “I’m totally ignorant of the way the real world works, and I don’t care who gets hurt, because it’s all about ME” like playing political games with the debt ceiling.