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Edited on Wed Jul-27-11 02:50 PM by alcibiades_mystery
We've all been seeing a lot of so-called solutions to the debt ceiling "crisis." An invented and purely false crisis it surely is, but we also know that the false has real effects. The solutions, in any case, increasingly take on the air of the deus ex machina: the miraculous intervention that wasn't implicit in the plot that saves the hero (the American people, in this case) at the last minute. Here are a few of these suspense-laden magic acts that have circulated popularly:
1) The "14th Amendment" Solution: With this device, the House GOP is completely circumvented through an executive branch decision, based on a particular reading of the 14th Amendment. Very few people explain how this magic chariot flying out of the sky would actually work, but plenty of people like to yell "Invoke the 14th Amendment," as if it is a little magical incantation. Subspecies of this magic device are the signing statement and the executive order, both of which also circumvent the House GOP through executive fiat.
2) The "Money Guys": In this device, the moneyed interests - presumably a collection of business groups, banks, and financial companies - get on the horn with members of the recalcitrant House GOP at the eleventh hour, insisting that they raise the debt limit come what may. Since the House GOP is supposedly in thrall to these interests, they buckle, finally, trying to work out some face-saving operation.
We should notice what at least these two points have in common: the magical belief that the House GOP can be either avoided altogether, or forced through some external means to a favorable position. Neither of these is a bad belief given the absolute intransigence and dangerous stupidity of the House GOP. Neither, however, is likely to happen, as both are simply magical narrative devices rather than real probabilities.
No doubt the members are receiving some pressure from lobbyists (#2), but that will not be enough, since they are also receiving 3encouragement from others, and they largely believe (and may even be right) that they were elected to do just this. The first deus ex machina is just ridiculous: you can yell "Invoke" all day, but the reading of the Amendment is just silly, and the mechanisms for doing what needs to be done are currently so vague as to be non-functional. There is a third plot twist that may also be a bit of magical thinking: 3) "The will of the people" Solution: In this device, some massive influx of phone calls, emails, and letters forces the House GOP to some more favorable position. It's easy to see that this one has the same basic structure as the others: the current ideas and positions of the House GOP are bent to some degree. But it is not by some external power. It is by our own. That might be the only thing that moves it from the land of magic to the land of democratic agency.
Will the third plot device avert disaster, pull our heroes from the circular saw just before it splits them in half? It's hard to tell. But it's the only one that leaves us as more than spectators. At the end of the day, I suspect, the House GOP may be able to be moved to a slightly more favorable position, but the idea that they're going to drop their demands in the face of some miraculous external intervention is just childish. Whatever happens now, they'll have a say in it.
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