Republican Asses.Posted: July 21, 2011
Here’s the only that surprises me about the budget impasse.
I fully accept that most Republicans in the House of Representatives are from districts where most of the people are stupid; these constituents don’t understand the scale of the financial catastrophe that will result from failure to reach an agreement to raise the U.S. debt ceiling, and, being relatively poor, don’t have much to lose if it happens, and so their congresspeople pander to them.
But a certain number of House Republicans — not a majority, but a not-negligible portion — come from suburban districts where most of the people have some education and a modicum of intelligence. And, more to the point, these constituents have money, and therefore stand to lose a lot of it when the market in every type of security collapses as a consequence of the U.S. defaulting on its debt. These Republican constituents, you would think, would be contacting their congresspeople and saying, “Look, you a-holes, do what it takes to come to some kind of agreement in time to prevent my portfolio from going down the toilet.” There ought to be enough Republicans from that kind of district to make a difference.
I still have faint optimism that the intelligent, monied, self-interested people in Republican congressional districts will exert this kind of pressure on their representatives, but I have to confess some head-scratching that it hasn’t happened yet.