During a meeting today of the House and Ways Committee, Rep Jim McDermott (D-Washington) takes 5 minutes to explain most of what you need to know about the debt ceiling. Including that the Republicans are attempting to use it as "Social Darwinism".
“I have to tell you, listening to this hearing is like we are living in Alice in Wonderland,” McDermott said. “Here we are hearing from witnesses telling us how to use default creatively or use it to get some leverage or something — and the simple talking about it here is destructive.”
“The whole world is watching this hearing. It is the first hearing on this issue. The whole point of a society is to create and run a government to make order for people. People don’t like chaos and this hearing is about how to create chaos to get what you can’t get politically with votes.”
“They want everyone who is lucky and doing well to just do well,” McDermott continued. “And if you aren’t doing well, well you’ve got to deal with it, it’s your problem. It is social Darwinism. It is survival of the fittest put into public policy.”