Asked today about a Republican plan to bring up a "clean" debt limit bill -- a bill that will surely fail in the House -- Harry Reid pointed to yet another example of the opposition's recklessness.
"My personal feeling is that I think I sends a terrible message to the international community," he said. "They're bringing up something that they know is going to fail. How does that help what we're trying to do?"
McConnell got the same question, and scoffed at it.
"Gosh, I don't agree with that," he said. "I think it's important for the markets and everyone else to understand that Congress doesn't intend to raise the debt limit without doing something about spending." Moreover: "It'll be interesting to see how many of the members of the House, of either party, think it's a good idea to raise the debt ceiling without any reductions in spending at all."
McConnell gets the better of the argument. The owners of sovereign debt who are making these decisions are not idiots; they're able to tell the difference between stunt votes and meaningful votes. If the markets expect a vote that will solve the debt ceiling impasse, and that vote fails, then there's chaos -- think of the first failure of TARP. But a vote on the debt limit that no one expects to pass will be interpreted as... a meaningless vote.
TODAY IN SLATE
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John Dickerson on Ben Bradlee’s fascinating relationship with John F. Kennedy.
My Father Invented Social Networking at a Girls’ Reform School in the 1930s
Renée Zellweger’s New Face Is Too Real
Sleater-Kinney Was Once America’s Best Rock Band
Can it be again?
The All The President’s Men Scene That Captured Ben Bradlee
Is It Better to Be a Hero Like Batman?
Or an altruist like Bruce Wayne?
Driving in Circles
The autonomous Google car may never actually happen.