Did you enjoy watching Republicans and Democrats snarling at each other for weeks? Do you think that holding the American economy hostage was a good thing? Then you’ll be happy to know we’re in for a lot more of the same, especially when a Democrat occupies the White House. Grover Norquist, arguably one of the most powerful men in Washington (any Republican running for office must sign his no-new-tax pledge), said
[T]here is a new rule in town. The Boehner Rule: Any increase in the debt ceiling will require a reduction in federal spending by the same amount of the debt ceiling increase.
Never negotiate with terrorists. It encourages them. Senate Minority Leader Mitch McConnell confirmed that yesterday:
McConnell promised that in the future the debt ceiling will be held hostage to Republican priorities:
[The debt ceiling debate] set the template for the future. In the future, Neil, no president—in the near future, maybe in the distant future—is going to be able to get the debt ceiling increased without a re-ignition of the same discussion of how do we cut spending and get America headed in the right direction. I expect the next president, whoever that is, is going to be asking us to raise the debt ceiling again in 2013, so we’ll be doing it all over.
Read more: The Debt Ceiling Crisis Abated … for Now