Ross: Nobody in D.C. is actually going to stop the debt crisis
May 24, 2023, 7:12 AM | Updated: 9:22 am
WASHINGTON, DC - JULY 31: Figures of Grief and History on the Peace Monument stand near the U.S. Capitol building July 31, 2011 in Washington, DC. As the United States approaches the possibility of a default, the congressional leaders and the White House try to reach an agreement on measures to lift the debt ceiling. (Photo by Astrid Riecken/Getty Images)
(Photo by Astrid Riecken/Getty Images)
I think I鈥檓 going to have to accept that the debt crisis is just not as big a deal as all the news coverage is making it out to be.
Let me remind you what I asked New York Times reporter on Tuesday.
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Who鈥檚 doing the serious work to address the federal debt in a constructive way?
“Nobody. I mean, nobody on Capitol Hill, the Republicans are showing some interest in this, but it’s not the animating feature that a Republican thought that that was in 2011,” Farenthold said. “It’s kind of a sideline. I mean, Trump busted a budget when he was president. But they’re focused on culture war issues. They’re not focused on this at all.鈥�
So, he鈥檚 saying this is just showbiz on the Republican side, and who can blame them? Because here鈥檚 what CBS congressional correspondent Scott MacFarlane told me.
“I talk to a Maryland Republican who had never before voted to raise the debt ceiling and doesn’t believe in taking that vote,” MacFarlane said. “He says he still gets no calls from his constituents complaining about it. No calls from his constituents inquiring about this current crisis. So at this point, the public’s either apathetic or blind, or they don’t feel empowered or inspired to bother their legislators about it.”
Why should any member of Congress feel pressure to fix the problem when their supporters back home don鈥檛 seem worried? No reason!
And remember what budget expert Maya MacGuineas said in the clips I played Tuesday.
“They are negotiating on probably the least important part of the budget in terms of really generating long-term savings,” MacGuineas said.
This means even when this is “solved,” in fact, nothing is solved. Even if Republicans get all their cuts, just the interest payments on the national debt will be higher than the entire defense budget.
So, once again, it comes down to who we vote for. Do we vote for at least a few people ready to do the tedious work of really controlling federal spending? Or do we keep electing candidates to fight about religion, history books, pronouns, and bathrooms?
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