Of all the various blocs and gangs that have been formed in Congress this year, Senators Bayh, Conrad, Feinstein, Lieberman and Warner have managed to form the most regressive one yet. Currently, these five Democrats are demanding that Speaker Pelosi hand over all relevant Congressional power to an independent commission that will be allowed to slash and partially privatize Social Security and Medicare, or else they will allow the United States to default on its debt.
Senators from both parties on Tuesday put new pressure on Speaker Nancy Pelosi to turn the power to trim entitlement benefits over to an independent commission.
Seven members of the Senate Budget Committee threatened during a Tuesday hearing to withhold their support for critical legislation to raise the debt ceiling if the bill calling for the creation of a bipartisan fiscal reform commission were not attached. (...)
(...) Congress is under pressure to raise the cap on what the federal government can borrow by mid-December. If the debt ceiling is not raised above its current $12.1 trillion mark by then, the government will exceed its borrowing limits and will be forced to default on the debt. Economists have warned that the inevitable result would be a lowering of the U.S. credit rating, triggering substantial increases in the interest rates the government is already paying.
But before Tuesday's hearing was over, Sens. Conrad, Gregg, Evan Bayh (D-Ind.), Dianne Feinstein (D-Calif.), Mark Warner (D-Va.), Joe Lieberman (I-Conn.), George Voinovich (R-Ohio) and Jeff Sessions (R-Ala.) publicly vowed to vote against raising the debt ceiling if a budget reform commission bill doesn't come along with it.
The Republican threats don't matter, since only Democrats are needed to pass the bill.
Let's review the threat that these five Democrats are making:
They will allow the United States to default on its debt, which will vastly increase the overall amount we have to pay on our debt
Speaker Nancy Pelosi turns over Congressional power on Social Security and Medicare to an unelected commission that will almost certainly propose deep cuts in Social Security and Medicare entitlements. Keep in mind that if deep cuts to Social Security and Medicare pass under a Democratic trifecta, the party would be doomed at the ballot box for years to come.
This is completely insane, and there is no choice but to call this bluff.
Let's see these five Democratic Senators explain to the entire nation why they allowed the country to default on its debt. No matter how safe their seats appear to be, no Senator is going to win reelection after making the entire country default on its debt Their rationale does not matter. Being blamed for making the country default on its debt-especially after all five of these Democrats voted in favor of the Wall Street bailout and are demanding that Social Security and Medicare be cut-will be the effective end of their political careers.
Go for it, guys. Form your national suicide pact. Tell the country that you are demanding deep cuts in Social Security and Medicare, or else you will personally cause the United States debt to double. Let's see how well that message plays on the air.