Once again, Republicans are ruthlessly playing “chicken” with the nation’s financial security.
During the Presidency of Barack Obama, Republicans threatened to plunge the country into defaulting on its loans to force sharp budget cuts to non-military spending.
Seven years later, Senate Majority Leader Mitch McConnell (R-KY) praised the Republicans’ massive contribution to the national debt under President Donald Trump.
On August 2, 2019, Trump signed into law a two-year budget deal that raised spending by $320 billion over existing spending caps set in a 2011 law—and boosted military and domestic spending.
The bill also lifted the debt ceiling, which is the legal limit on the amount of debt the federal government can have.
The bill threatened to push the budget deficit to more than $1 trillion in 2019 for only the second time since the Great Recession of 2007-2008 and add $1.7 trillion to the federal debt over a decade.
Donald Trump
By January, 2021, the national debt had risen by almost $7.8 trillion during Trump’s time in office. It amounted to about $23,500 in new federal debt for every person in the country.
But now, with Democrat Joseph Biden as President, Republicans have become “fiscal conservatives.”
And they are prepared to plunge the United States into financial ruin unless Democrats once again meet their extortion demands.
The debt ceiling is the legal limit for how much debt the United States can take on as a country. Once that limit is hit, the U.S. Treasury can no longer issue bonds to raise funds to pay for everything that the government does.
In a January 13th letter, Treasury Secretary Janet Yellen warned congressional leaders that the United States is expected to hit the debt limit on January 19th—and urged them to raise the debt limit as soon as possible.
“Once the limit is reached, the Treasury will need to start taking certain extraordinary measures to prevent the United States from defaulting on its obligations.”
Janet Yellen
Congress last raised the debt ceiling in December 2021 to more than $31.3 trillion. At the time, Democrats controlled both the House and Senate.
But the 2022 mid-term elections gave Republicans control of the House. And Republicans are threatening the nation with defaulting on its loans as Congress reopens with Kevin McCarthy (R-CA) as its new Speaker.
New York Times conservative columnist David Brooks described these Republicans on the January 6 edition of The PBS Newshour: “These are nihilists. They came here, and they’re quite open about that, especially with their friends, and they say, we just want to burn the place down.
“And so they just want to be negative, be oppositional, and then go on TV and say everyone else has screwed up. And so this is a form of nihilism that is in the Republican Party.”
Republicans, in short, are one again utilizing the same “negotiating” strategy as Nazi Germany’s Fuhrer, Adolf Hitler.
And Democrats—out of cowardice or an ignorance of history—are once again refusing to publicly make this comparison.
By studying Adolf Hitler’s mindset and “negotiating” methods, we can learn much about the mindset and “negotiating” style of today’s Republican party.
Robert Payne, author of the bestselling biography, The Life and Death of Adolf Hitler (1973), described Hitler’s “negotiating” style thus:
“Although Hitler prized his own talents as a negotiator, a man always capable of striking a good bargain, he was totally lacking in finesse.
“He was incapable of bargaining. He was like a man who goes up to a fruit peddler and threatens to blow his brains out if he does not sell his applies at the lowest possible price.”
A classic example of Hitler’s “bargaining style” came in 1938, when he invited Austrian Chancellor Kurt von Schuschnigg to his mountaintop retreat in Obersalzberg, Germany.
Hitler, an Austrian by birth, intended to annex his native land to Germany. Schuschnigg was aware of Hitler’s desire, but nevertheless felt secure in accepting the invitation. He had been assured that the question of Austrian sovereignty would not arise.
Kurt von Schuschnigg
The meeting occurred on February 12, 1938.
Shuschnigg opened the discussion with a friendly compliment. Walking over to a large window, he admired the breathtaking view of the mountains.
HITLER: We haven’t come here to talk about the lovely view or the weather!
Austria has anyway never done anything which was of help to the German Reich….I am resolutely determined to make an end to all this business. The German Reich is a great power. Nobody can and nobody will interfere if it restores order on its frontiers.
SCHUSCHNIGG: I am aware of your attitude toward the Austrian question and toward Austrian history….As we Austrians see it, the whole of our history is a very essential and valuable part of German history….And Austria’s contribution is a considerable one.
HITLER: It is absolutely zero—that I can assure you! Every national impulse has been trampled underfoot by Austria….
I could call myself an Austrian with just the same right—indeed with even more right—than you, Herr Schuschnigg. Why don’t you once try a plebiscite in Austria in which you and I run against each other? Then you would see!
Next up: Hitler “negotiates” Austria out of existence, then turns to Czechoslovakia.