Government Shutdown Might Be the Least Bad Option

Speaker of the House ohn Boehner
If John Boehner is going to give in to conservatives, it is better he is doing it over a government shutdown rather than the debt limit

The one small bright side as we slowly walk towards a government shutdown is that this might be the least bad option.

Government shutdowns are damaging, inconvenient and stupid but they are also manageable. We’ve had over a dozen in the last century. As a country we know how to handle them.

On the other hand, a default by failing to raise the debt limit is unknown territory. The implications could be very bad. Even getting close to the deadline last time caused a credit downgrading, an increase in borrowing costs, and a noticeable hit to the market.

Preferably neither would happen but that does not look like a realistic possibility given the politics. It now appears Speaker John Boehner is too weak/afraid of conservatives to control or defy his caucus. If Speaker John Boehner is going to give in to conservatives, it is better he is doing it over a government shutdown instead of the debt limit. If conservatives need proof that these hostage taking tactics can’t work by actually getting a chance to use them, the government shutdown is a much better option. A government shutdown can be quickly fixed once it is over. Trying to put the genie back in the bottle regarding debt limit could be far more difficult.

EDITOR’S NOTE: WATCH ON C-SPAN

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