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In an appearance on CNBC Tuesday, Rep. Paul Ryan claimed that holders of US government debt would accept missing payments “for a day or two or three or four” if they thought doing so would lead to a long-term spending or budget deal. Ryan also downplayed the likelihood of an imminent deal, noting that he didn’t “think we’re going to solve 40 years of ideological differences between the two parties by August.”
Aren’t there any adults left in the Republican Party who could tell Paul Ryan that it is never acceptable for a chairman of the House Budget Committee to talk like this? Such crazy talk from somebody in such position has the potential to plunge the country into a recession. Fortunately, the markets seemed not to take Rep. Ryan seriously. Next time we may not be so lucky.
“Aren’t there any adults left in the Republican Party who could tell Paul Ryan that it is never acceptable for a chairman of the House Budget Committee to talk like this?”
Since the Tea Party LOVE the Constitution so much they dress up in funny costumes to celebrate the fact, maybe one of them could read this part to him:
“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”
Sincere they are the party that want Ronald Reagan beatified, maybe someone could read these quotes to him:
“The full consequences of a default — or even the serious prospect of default — by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.”
-Ronald Reagan, 1983
“Congress consistently brings the government to the edge of default before facing its responsibility. This brinksmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar.”
-Ronald Reagan, 1987
Maybe John Boehner could explain to Paul Ryan how to run a game brinkmanship in order to get exactly what you want. Or, um…maybe not.
Maybe a famous former Republican Speaker, who is by all accounts BRILLIANT, could have a word in his ear. Oops, the morning paper just arrived:
OK, so maybe there is no one in the Republican Party who has the wit and balls to do these things and so they need to bring in someone from the outside.
Paul Ryan Fine With Defaulting On Debt Payments “For A Day Or Two” // May 18, 2011 at 9:08 am
[...] Pavelyev is flabbergasted: Aren’t there any adults left in the Republican Party who could tell Paul Ryan that it is [...]
Adults? Republican Party? When was the last time those two things intersected?
Ryan is just another example of the extent to which reckless incompetence has taken over in the GOP. These people are basically not fit to govern. They’re not fit to walk my dog.
Still more evidence that Ryan is a fraud – his faux-earnest “America’s Accountant” schtick is just that – schtick. He’s a phony; trying to pass objectivist ideology off as budgetary policy and analysis.
Ryan is turning out to be a one trick pony. Slash Social Security and Medicare, “borrow” the ensuing surpluses to make it look like the budget balances, and give it to the wealthiest Americans. Yeah. That’s a winning prescription for long-term economic health.
This guy has turned out to be yet another Republican that can’t (or won’t) do math. His previous “plan” actually ADDED to the long-term debt. What a buffoon.
The biggest problems all conservatives have had once in power is that their ideas dont’ work.
The non-reaction of the markets says all you need to know: nobody believes him. The @sshole of congress, which is the GOP, is more likely to provoke a Constitutional crisis than a financial one.
I like Newt’s idea of a civics-exam gateway for voting in this country. This would be the death knell of the Tea Party.
I think a part of the TP are people who have no problem with the idea of hitting the reset button on our whole government and economy, because they are zealots and idiots. There is a big nihilist streak in the TP.
Let’s give Newt an American history exam about the last two decades. I bet his selective amnesia is staggering.
Yeah, I don’t think Paul Ryan will be nominated to chair the Fed anytime soon.
Is there on politician in the Republican party that can act like an adult? Why would they make a proposal-Ryan Budget Plan- they admit could never pass and expect anyone to believe they actually have an answer to the deficit spending. The minute they chose John Kyle for the budget team, I knew they were not making a “factual statement.”
Mr. Boehner, please detail the two trillion dollar in cuts you are demanding?
take your headline hypothetical and answer it ‘yes’.
would it really surprise anybody?
Unfortunately, it seems Ryan has become the master of GOP Congressional thought…and anyone who disagrees with him is subject to banishment. Nevertheless, Ryan is an idiot economically. His knowledge of economics and finances is minimal at best, mostly I suspect because he continues to be stuck in an Ayn Rand fictional wonderland.
Frankly, the guy gives me the creeps. I really hope the people of his district vote him out of office in 2012 and send him home to his family business. He obviously needs more real world business experience.